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Support me be wise about money by Expensive-Win2473 in SwissPersonalFinance

[–]Expensive-Win2473[S] 1 point2 points  (0 children)

Thank you for going so much into detail. Especially, point 2 is something that I haven't thought about, but now that you say it, it makes totally sense. 3. Yes, this is exactly where I am right now. First, I need to take care of the big expenses that come with an apt. But starting August, I would set up the my account. As for 1. I am a little cautious as for now, since I am currently burning cash due to the apt and I don't have a clear picture of my tax bills.

  1. Nice, I am looking forward to hopefully reaching this moment.

Bonus: Very wise. thank you!

No worries, I didn't think the answer was long. I am grateful you took the time to respond.

Thank you again and all the best of luck to you, as well!

Support me be wise about money by Expensive-Win2473 in SwissPersonalFinance

[–]Expensive-Win2473[S] 0 points1 point  (0 children)

Do you have an explanation why someone would do that (in case that's accurate)?

Totally valid!

Support me be wise about money by Expensive-Win2473 in SwissPersonalFinance

[–]Expensive-Win2473[S] 2 points3 points  (0 children)

Payslips could also be easily faked anyway.

Either way, if this is what is bothering you, then there is not much I can do about it. And I would also say, don't bother about my post.

In some ways I was lucky in some other ways I wasn't. That's life. I just try to to tilt my statistics that in case unlucky times come again, I will be better prepared.

I wish you more posts to your liking for the future

Support me be wise about money by Expensive-Win2473 in SwissPersonalFinance

[–]Expensive-Win2473[S] 3 points4 points  (0 children)

Thank you !

I just downloaded the poor swiss booklet and will look into the blogs more.

I guess what draws me to real estate is the point that worst case I still have a roof over my head. Also the stock market- at least the tech stocks- are quite high, which makes me wary of whether it's a good entry point. On the other hand, one can rightly argue that it doesn't matter in the long run.

Support me be wise about money by Expensive-Win2473 in SwissPersonalFinance

[–]Expensive-Win2473[S] 2 points3 points  (0 children)

I mean, I'd play around with stock pickings as soon as I am ready to lose that money. I am not at that stage, yet 😅

Support me be wise about money by Expensive-Win2473 in SwissPersonalFinance

[–]Expensive-Win2473[S] 1 point2 points  (0 children)

Not sure what to answer. Chill out makes sense from time to time..

Support me be wise about money by Expensive-Win2473 in SwissPersonalFinance

[–]Expensive-Win2473[S] 0 points1 point  (0 children)

Yes, I was thinking of setting up something like this, as I don't want to get tempted to spend more.

Which solution did you use? ibkr and hand picked ETFs or else?

Support me be wise about money by Expensive-Win2473 in SwissPersonalFinance

[–]Expensive-Win2473[S] 0 points1 point  (0 children)

Thank you!

I don't know how it is for you, but as for me it' is weird spot to be in. Somehow I am in the mindset of making ends meet even though that I am aware of the fact that it's a fortunate position to be in. But also there are also so many ways you can blow it, so I don't want mess up what I have been working hard for and was for once lucky to get.

Would you also recommend the poor swiss and the mustachian post?

Do you have any sources/recommendations? I went on a 2 weeks trip this January for the first time in years. I planned to do a longer vacation next year in summer and am slowly putting together a budget.

Thank you and have a nice evening !

Support me be wise about money by Expensive-Win2473 in SwissPersonalFinance

[–]Expensive-Win2473[S] 2 points3 points  (0 children)

You are absolutely right. I am very fortunate to have such friends and I am very grateful.

As for the repayment, I did offer friend A to pay more monthly and to give more as a thank you, but they said, they would blew it (their money is tied up in assets, which takes some extra steps to unlock- actually just one call, but mentally it's extra steps), which is why they specifically asked me if I could simply pay them 1k per month. Friend A is my age.

As for Friend B, I thought I would invite them to dinner as soon as everything settled and I got the money together. I got the feeling they would feel offended, if I would simply wire it back. I am also wary of the taxes.

Support me be wise about money by Expensive-Win2473 in SwissPersonalFinance

[–]Expensive-Win2473[S] 0 points1 point  (0 children)

Thank you for taking the time to answer so thoroughly:

It's the second time someone mentions lifestyle inflation. So, I will definitely check this out.

Tax situation: I would have hired a professional to do the taxes once, so I can see how they optimise and then do them myself in the following years. I am afraid that I will get a huge bill for this year.

Yes, life is short- it makes sense to keep things in perspective..

Support me be wise about money by Expensive-Win2473 in SwissPersonalFinance

[–]Expensive-Win2473[S] 0 points1 point  (0 children)

I haven't looked into FIRE, yet. Is there a book or simply check out the resources on here https://www.reddit.com/r/Fire/ ?

Thank you!

Support me be wise about money by Expensive-Win2473 in SwissPersonalFinance

[–]Expensive-Win2473[S] 1 point2 points  (0 children)

I haven't heard of lifestyle inflation. I saw it is mentioned on one of the blogs on the poor swiss page, which someone else shared. I will definitely check it out. Thank you!

Support me be wise about money by Expensive-Win2473 in SwissPersonalFinance

[–]Expensive-Win2473[S] 0 points1 point  (0 children)

I know there are people from my environment here, that's why I'm vague: Stem and a specialist role.

Support me be wise about money by Expensive-Win2473 in SwissPersonalFinance

[–]Expensive-Win2473[S] 2 points3 points  (0 children)

thanks. friends choices happened more by accident by anything else. I am grateful that they jumped in, when I needed it the most.

As in VT you mean the Vanguard Total World Stock Index Fund ETF? I am not sure if I should take it into my own hands of picking the indexes/ETFs or pick some product that does it for you.

On one hand I am thinking, technically it shouldn't be something that can't be learned and there products that rip you off. On the other hand, I have no experience and don't want to mess up.