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Posts by Peter Michael

link to Why is personal finance important?

Why is personal finance important?

Understanding "Why is personal finance important?" can bring you closer to a life with more wealth, balance, and happiness. It's essential to understand because it's a myth that you need to be a...

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link to How to create wealth investing in real estate?

How to create wealth investing in real estate?

Investing in real estate can be considered in two ways. You can consider it as a job or you can invest more passively with fewer responsibilities. In this article, I will uncover how to create...

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link to Is P2P lending safe? How to lower the risks?

Is P2P lending safe? How to lower the risks?

Regardless of the attractiveness of P2P lending, investors are becoming increasingly aware of the potential risks as well as the safety of P2P lending platforms. Is P2P lending safe? Is it a good...

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link to How can investors receive compounding returns?

How can investors receive compounding returns?

How can investors receive compounding returns? Compounding interest is often referred to as the 8th wonder of the world. Why? It’s like the cartoon snowball rolling down a hill. As it falls, it...

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link to When might be the best time to start saving for retirement?

When might be the best time to start saving for retirement?

58% of Americans have under $1,000 saved, and 73% have less than $5k saved up. A separate study found a similar (but even worse) finding, that 6 in 10 Americans don’t even have $500 saved.Europe is...

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link to Crowdlending as an investment opportunity – The Ultimate Guide

Crowdlending as an investment opportunity – The Ultimate Guide

Crowdlending (also known as P2P lending) is an investment opportunity that is gaining more attention and popularity worldwide. Especially in Europe the sector is growing fast and has started to...

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About the Author

I'm an investor and the blogger behind My Investment Blog. I write about investment, financial independence, personal finance, and personal development. I try to combine the topics and show my journey towards financial freedom.

I’m financially free in 9 7 years
by age 42

My financially free progress:
 14,23%

✔️ 6 months Emergency Fund

✔️ Paid off loans (student, car- and leverage loan)

✔️ 20% increase in total income

✔️ 50% Savings rate

⚔️ Pay off the mortgage  (This is step 5)

⚔️ Further 20% increase in total income

⚔️ 70% Savings rate

⌛ Be 100% debt free

Get started?
– Read my recommendations

 


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