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Posts pertaining to planning


Doing a PhD vs being wealthy: the economics behind a PhD

phd economics rich

Many people have been asking me how I can capitalize on the fact that I have a PhD. Many think it’s easy because it has been conveyed the message that if you have a PhD, then a well-paying job will be served to you on a golden tray. How large the paycheck will be is simply determined by field you picked, some say. You’ll make so much money you can’t even spend it at the same rate! Well… that is not my experience. Before you proceed, let me tell you that you should read this book (Affiliate link) regardless you are considering doing a PhD, you are doing or you did one.

Daily life, Planning,

Why is it awesome to live and retire in Portugal: a comprehensive guide

living retiring portugal costs

My dear dudes,

As you know, I am canceling my contract in Germany in May to move to Portugal for good. There is a ton of reasons to do that, and I’d like to share them with you. In fact, I wanted to do this a long time ago, but a combination of expensive renovation costs for RP#3 and the fear of living without a salary for a while made me put my decision off for a few months. Not it’s settled! I am canceling my contract and moving to Portugal for good.


5 investment options for 2017

investment options 2017

My dear dudes,

I receive a lot of messages asking for investment tips. “I make 50k, have two children and 30k debt. How and where can I invest, in 2017?”

The best investment options for you are based on your availability, personality, personal situation and a few other factors. This post will provide you with a generic list of investment possibilities, which I think will be particularly prominent in 2017. You will have to filter them out and consider whether they would be good for you. I always advise consulting a licensed advisor.

Here are some of best investment options for 2017…

Daily life, Planning, Real Estate,

A big mistake: the danger of underestimating…

danger underestimating mistake money miscalculation misestimate

Holding a PhD on Applied Mathematics, being type A personality and a little OCD, I typically estimate things very accurately and thoroughly (sometimes too much!). Turns out that I messed up big this time.

I am very proud of RP#3 – it will generate a 50% Cash on Cash return and I will add 6 units to my portfolio. This would not be very surprising if we weren’t talking about a <50k property…

When I bought it, I knew right away that I would have to spend serious dollars towards renovating it. However, I did underestimate what I was going to spend…

Blog, Planning,

Reflection on 2016: what went well, what didn’t and what follows!

My dear dudes,

Many thanks for sticking around during 2016, subscribing the blog, sending me supporting messages and opportunities to do business together. I am very happy that I revitalized this blog and put our community together. I’ve received a lot from you guys, and 2017 will be an explosive year. First, I hope that our recently created Facebook page continues to grow, as I think it is a great way to deliver news first-hand. Second, I will add a lot of summaries and reviews on the Books page (probably in chunks of 2/3). Third, I will finally publish my own book and exclusive articles on how to do some extra income, online. This post aims to do a reflection of 2016.

My achievements and goals for 2016, net worth, real estate, investments


What will be the next bubble and crash?

We investors are always trying to figure out what and when the next bubble and crash will be. If we guess correctly, we will have an edge, because we’ll be prepared to scoop up a lot of assets at a much lower price.

Although I foresaw a big market crash in the next 2/3 years, I think that the fact that Mr. Trump was elected president of the US will change this quite a bit. I believe that markets will actually start to go up, the American economy will recover and the European economies will simply follow the pattern.

But what will cause the next crash? If you know about economy, you know that crashes are inevitable, because the economy works in cycles. And my gut has been telling me that the current markets are too high to be sustainable.

But what exactly will cause the crash? My answer may be a little bit out of the box. I believe that the next big bubble will be higher education. Let us take a look at the facts. So first, let us recall recent history:



If you woke up being 20 years old again…

…what would I do to become a millionaire? This was such a good exercise… maybe I will be hustling to make it happen!

OK, I would wake at age 20. I estimate it would take me 5-7 years to reach a million bucks of net worth. During this time, I would be living as frugally as possible and working part-time for the first 2 years to cover my expenses and build up my credit score (through secure loans).

The “Education”

  • 20 years old: For starters, I would not have done my PhD; instead, I would get a PhD directly from millionaires. Think about it, people spend tens or even hundreds of thousands on a degree to learn from professors, but the majority spends less than $1000 over their lifetime on books. Why would you not want to read a book written by a millionaire, who is basically giving you his formula in exchange of something like 10 bucks? I would read all these Books, understand that money is a tool, which I should use and not be used for.OK, so education is almost solved (after all at this point I know all the formulas from the major businessman on earth), but to top it off I would look for a mentor. Knock on doors and show my excitement to learn from them. I estimate this would take three to six months.