There are some advice, podcasts and books that have changed our lives. These are our favorites.
- Pay yourself first for all the hard work you have done and start saving in the beginning of each month. Find out how much you are able to save and have fun doing so. We started out saving 30% of our income, then gradually went on to 60% and 80%.
- You’re conditioned to purchase blindly – break the pattern! Decide on what to buy, based on your needs, not wants, at the beginning of each month. Buy groceries online and make every second week purchase free.
- Make a budget and stick to it. Every week we go through our budget and see how we are doing. We motivate ourselves to stick to it by investing the money that’s left at the end of the month in a S&P 500 index fund dedicated to Freyja. This way our financial modesty will help make Freyja financially free when she turns 18 years old.
Since we are terrible at giving just 3 advice, here is one extra:
- Depending on one income alone, you are making yourself extremely vulnerable. Take time to educate yourself, and focus on building assets instead of your one income.
Suze Orman at the Apollo: Women and Money, Part 1 and 2
Financial expert and author of New York Times best-selling book “Women & Money,” Suze Orman believes the time has never been more right for women to take control of their finances. Suze offers practical advice on how to financially protect yourself, spend your money more wisely and build a secure future. She stresses that money itself is not the end goal; it’s the means to living a full and more meaningful life.
Mr MoneyMustache – Pete Adeney in real life – worked in various tech companies before retiring at age 30. Pete, his wife, and their now eleven-year-old son live near Boulder, Colorado, and have not had real jobs since 2005. They accomplished this early retirement by optimizing all aspects of their lifestyle for maximal fun at minimal expense, and by using basic index-fund investing.
The Kevin Rose Show #27: Tony Robbins – transforming your financial life
After interviewing 50 of the world’s greatest financial minds and penning the number-one New York Times best seller Money: Master the Game, Tony Robbins returns with a step-by-step playbook, “Unshakable,” a book that takes you on a journey to transform your financial life and accelerate your path to financial freedom.
MONEY Master the Game: 7 Simple Steps to Financial Freedom
Magnus: We`ve had so much fun reading this book, and implementing it in our lives!
For once – it has given us the courage to dream bigger. Like, what if we all could be billionaires? And it has made us be more conscious about our financial drains, like something simple as the daily lattè. Little did we know that those $5, compounded with an annual interest of 5%, would leave us with $120.000 at our year of retirement.
Its a book about becoming financially free, which we made our goal to achieve within ten years, by utilising the main model in the book – the All Weather Portfolio. But by bringing consciousness to our finances, mainly by questioning the necessities of our expenses, we discovered something pretty surprising: We are all ready financially free! Johooo!
Its also a book about becoming financially free for a reason – to escape the rat race and live your purpose. A purpose I found by contemplating one of the last insights Robbins share in the book: “Real wealth is unleashed in your life the moment you find something you care for so deeply you will give it your all – even your life if necessary”. Which I found to be unharvested human potential. And especially human potential trapped by lack of possibilities and foremost – lack of love. It led to the project GangsterCoaching where I train inmates to become life coaches.
Loving what is
Magnus and Rebecca: Byron Katie is a California resident and spiritual teacher with a core teaching; all suffering is an unquestioned thought.
According to our conditioning we need a great education, a respected career, kids, spouse and big house to be happy. A pretty daunting recipe that made us suffer from frustration!
And with Byron Katie as a guide we ended up questioning it all. And financial freedom is what came out of it. Simply because we found that there where more valuables in our life than what we had been conscious about, and quality of life is way cheaper then what we ever had imagined.
It was partly an uncomfortable process, and so was reading the book – As it poked a hole in all our values, ambitions and believes. Luckily it turned out to be rewarding.
The Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing.
Rebecca: I’ve never been able to keep my room and closet clean for more than a day or so, even though I love clean spaces. Reading this book, I realized that all my life Ive been reorganizing my stuff, and never actually tidying(!)
With detailed guidance for determining which items in your house spark joy (and which don’t), Marie Kondo takes tidying to a whole new level, promising that if you properly simplify and organize your home once, you’ll never have to do it again. And boy is she right!
And a great bi-effect; After feeling the relief of cleaning your house once and for all, decision-making gets a lot easier. For us it also resulted in a new love and cultivation of our talents.
See, we didn’t let go of everything.
We have also invested in the newest technology to do our craft. While I bought a brand new Leica camera to keep taking stunning pictures, Magnus updated his equipment to the newest in voice technology to hone his craft as a comedian and scriptwriter. So to sum it up, clutter keeps us from shining.
What talent would you express more, by having the time, equipment and a decluttered life to do so? It’s game on y’all. Let’s shine our light.
For those of you who are not big readers, Audible is now offering a 30 day free trial with 2 audiobooks included that you get to keep even if you choose to cancel the subscription.