Saving Money & Frugalism

Sleep Better Featured Image

How To Sleep Better: A Self-Experiment

Ever wake up in the morning and feel like death warmed up? Or wake up and realize that you spent half of the night tossing and turning? I certainly am not a stranger to these situation, so I set out to understand how to sleep better. Sleep is an interesting topic and different people have different philosophies. I remember sitting at a dinner invitation with… Read More »How To Sleep Better: A Self-Experiment

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Why We Sleep: Book Review

We spend nearly a third of our life asleep. Why? The book “Why We Sleep” by Matthew Walker answers this question and many more surrounding the topic of sleep. Originally, I decided to read this book due to a conversation I had with a friend of mine who works in management consulting. During one of their trainings they had a workshop with a life coach… Read More »Why We Sleep: Book Review

Intro To Debt

Introduction to Debt: The Good, The Bad, The Ugly

“I will never borrow money from someone else. I just hate that feeling”. Dealing with debt is always a big struggle and evokes many different, mostly negative emotions. Here is an explanation of whether these emotions are justified, here is an introduction to debt. Everyone has heard of a story where someone’s financial life completely derailed and they were stuck neck-deep in debt, with no… Read More »Introduction to Debt: The Good, The Bad, The Ugly

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Investing and Playing Dead: An Analysis of Historical Market Recoveries and Doing Nothing

What should you do during a market crash with your investments? This is a very common question that comes up around the world whenever the markets show a significant drop. So-called finance experts love this time, because they get a lot of facetime on TV and give a ton of different advice. Here is an analysis of historical market recoveries for major market crashes. The… Read More »Investing and Playing Dead: An Analysis of Historical Market Recoveries and Doing Nothing

How To Track Your Expenses

Do you know how much money you spend on a monthly basis? And we are not talking here about a rough estimate, but do you actually know how much money you spent on groceries, housing and shopping? Do you track your expenses? How much money are you putting aside every month? Is it 1%, 10% or much higher? If you do not have a spreadsheet,… Read More »How To Track Your Expenses

Why Seek Financial Independence

This is the last letter in my crash course on financial independence and might be the most important one of all. It is all about the questions: why seek financial independence? For me there are three reasons why I want to be financially independent: 1.   Security.  Knowing that I have money on the side in case of a major crisis, lets me sleep good at night.… Read More »Why Seek Financial Independence

Expenses & Savings Rate

Let’s talk about your savings rate and reducing your expenses. First, we will cover why I think of all the three levers, expenses is the most important one. And then we will go deeper into how to track and reduce expenses as well as defining what the “correct” level of expenses is. Excited? I am for sure. Remember Bad Ass Mike and Nice Guy Andy?… Read More »Expenses & Savings Rate

An Intro to Financial Independence

Welcome to Chocolate and Money! It is amazing to have you here! If you are asking yourself: “What is financial independence?”, then this is the right place to be. Whether you are new to personal finance or already have a basic understanding of financial independence, I hope that these six letters will give you value and put you on the right path towards a financially… Read More »An Intro to Financial Independence