Tag: planning for the future
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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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Never ending paperwork
Most of us hate to deal with paperwork. This includes all of the documents we get from different companies, employers, service providers both digitally, and even worse, by snail mail. It’s easy just to throw it into a closet, a folder, a box, delete or ignore in your email and never look at it again, […]
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The Fionists meet Lazy FI Dad
When pursuing a goal, it is always important to find role models and make connections with other people in the same boat. Upon perusing other FI blogs one day, we saw the word Israel pop up on one of Lazy FI Dad‘s posts. It turns out he is an Israeli living in the UK with […]
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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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5 money mistakes to avoid
We all make mistakes. Everyone does, even the likes of Warren Buffett, Elon Musk, and Bill Gates. The most important thing is to recognize them, learn from them, and find ways not to do them again. Today we want to share five common money mistakes that might seem like no big deal now, but can […]
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Your financial life boat
In March 2020, COVID hit us by storm and the world locked down. Families across Israel – including ours – and the world had one or both wage-earners furloughed or laid off. While the Israeli government paid extended unemployment benefits, no one knew how long they would last or what the future would be. This […]
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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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Buying these “luxuries” costs us over ILS 70K per year (but we buy them anyway)
After listing all of the things we don’t spend money on, we’re following up with the expensive things we DO spend money on, lest you think we’re stingy. 😂 Our Fionist lifestyle isn’t about living as cheaply as possible. It’s about changing our mindset and prioritizing our spending on things that are important to us. […]
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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 […]
Chasing the Fionist Dream 