Tag: Investing
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10 signs that you are on the right track financially
We all occasionally suffer from self doubt and wonder if we are doing the right thing. We worry that we are screwing up our kids, that we studied the wrong thing in college, or that we are on the wrong financial path. Even when those around us seem to think we know what we’re doing,…
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Our Fionist personal update – Jan-April 2023
In early 2023 we shared our first quarterly update to let you know how our journey progressed from Rosh Hashana to the end of 2022. We meant to post another one last month about Q1, but you know… life. Since we’re only writing this now, we’re including April, cuz why not? Maybe we’ll switch to…
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The snail’s path to wealth
While we talk a lot about financial independence (FI), why we want it, and how we live frugally as a means of getting there, we haven’t talked much about what it is and the logistics of how to achieve it. This post will be the first of several in our FI series that will give…
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Your bank is not your friend
Banks around the world all have one thing in common. Their main goal is to make money off you in any way they can. Israeli banks are no different. They are going to charge you an arm and a leg unless YOU put a stop to it. Did you know that Israeli banks charge you…
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“Markets are DOWN. It’s a TERRIBLE time to invest.” (…or is it?)
You may have noticed that your pension and keren hishtalmut have lost money this year – as have many other investments. It’s been a bad year for stock markets around the world. So… it must be a bad time to invest, right? Why throw my hard-earned money into something that’s losing money? If you’ve been…
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Rosh Hashana is upon us. Here are our New Year’s resolutions. What are yours?
While we have always saved and invested, almost exactly one year ago we made the decision to increase our investment rate and actively pursue financial independence. We had both experienced challenges in our work situations, COVID-related and not, and realized that we don’t want to spend the next 30+ years of our lives in a…
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Not buying these things saves us over ILS 80K per year
In our journey to financial freedom, we have found creative ways to go with less. Not only is saving in these areas great for our wallets and our investments, many of them are great for the environment as well, so win-win. 🙂 As always, remember that drastic changes often don’t stick (and can make you…
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The only way to beat inflation
Inflation is a buzzword in 2022. Prices creep up a little each year, but this year’s inflation has hit record highs around the world. Money sitting in your bank account loses value and its purchasing power erodes, this year faster than ever. So what’s the solution? You need to ensure that any savings you have…
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Life is full of opportunities
In 2019, our 15 year old Ford Focus broke down for the second time in a month. Rather than paying yet another 2,500 shekels to fix it, we made the spontaneous decision to put the car out of its misery and sold it to the mechanic for parts. We then walked into a neighboring makolet,…
Chasing the Fionist Dream 