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What is the 4% rule?
Read more: What is the 4% rule?Dear daughter, The rule of 4% is a rule that some financial planners use to tell you how much you need to save and invest to have a comfortable retirement. The rule state that if you withdraw 4% from your portfolio each year, your money won’t be depleted in 30 years or more. In other…
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The 7 habits of highly effective people by Steven R. Covey
Read more: The 7 habits of highly effective people by Steven R. CoveyDear daughter, Here you will find a book summary that I made for you. The book title is “The 7 habits of highly effective people” by Steven R. Covey. The book gives you guidance on to become more effective and achieve more. The author divides the 7 habits he describes as necessary to be highly…
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My favorites phrases
Read more: My favorites phrasesDear daughter, I want to share with you some of my favorite phrases. These helped me many times and keep me motivated to keep going. Enjoy them! The quality of your life is determined by the quality of your thoughts The Monk Who Sold His Ferrari by Robin Sharma There is no need of comments…
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Budgeting tips
Read more: Budgeting tipsDear daughter, Today I want to give you some budgeting tips. I’ve creating budgets for several years now, and I believe these tips will help you to have a healthy budget. 1. Start a not-too-tight budget One of the reasons people start having a budget is to save money. Because of this, people make their…
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Budgeting for couples
Read more: Budgeting for couplesDear daughter, Today I want to talk to you about a crucial topic, budgeting for couples. I consider it very important to share everything with your significant one. First, I’ll tell you how I do my budget with my wife and after that, I’ll tell you why it is important for me. As you know…
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Why is important to have a budget
Read more: Why is important to have a budgetDear daughter, I wrote three letters to you about budgeting. Today, I want to show you why is important to have a budget. The main reason why you want to have a budget is to have control. Do you think it is important to have control over your finances? If your answer is yes, then…
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How to make a budget?
Read more: How to make a budget?Dear daughter, Allow me to show you how to make a budget. This was a life-changer for me as I gain 100% control of my hard-earned money. I want the same for you, so you can be even more successful than you already are. You can read again what is a budget to keep a…
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Budget categories you should have
Read more: Budget categories you should haveDear daughter, A question most “budgeting beginners” ask is what budget categories I should have? The short answer is it depends on your expenses. However, here I’ll give some common categories almost everyone has. All you have to do is to take a look at them and add any other category you usually spend money…
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What is a budget?
Read more: What is a budget?Dear daughter, Today I want to tell you what a budget is. For me, it was, and it still is, a life changer. A budget is an estimate of you of the income and expenses you will have during a certain period. If you search on the internet, you will find different types of budgets,…
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Do I need a credit card?
Read more: Do I need a credit card?Dear daughter, Having a credit card can be another way of having debt. And if you are not disciplined, it can be very bad for you. Do you need a credit card? Short answer: you don’t need a credit card! Can you have a credit card? Yes, you can have a credit card. Let me…
These letters are for you