Hello mustachian fellows,
I’m a 29 years old Swiss (-french) working in Fribourg. I just finished my Ph.D last year and I’m still working in my school currently.
For the first years of employment, I kept track of my expenses, but I didn’t really pay attention to investing. I didn’t pay attention to the future of retirement either. After some bad months, I started to realize that I was spending way too much money on various things. Therefore I decided to focus on strongly improving my savings rate and start investing in a better way. Already I had two months with savings rate of more than 30%, which is really great for me. I plan to keep on improving it
In order to motivate me, I decided to write my story into a blog, in English.
If you are interested, you can read more on my blog: https://thepoorswiss.com
I hope this can help a few people, but currently, you are probably more capable than me If you have any comment on improvements for me, I’d be very glad to receive your advice
The Poor Swiss
Salut The Poor Swiss,
Welcome on the forum, Your blog is a good way to keep yourself accountable!
As long as you are aware that having a high saving rate is very important, things will take care of themselves.
It is intimidating at first, but little by little you will find out that taking care of your finances is not that complicated!
Thanks for the advice.
The savings rate was one of the thing I never concerned myself about before starting to read personal finance blog like this one. And then I realized that my personal saving rate was terrible in fact. I should have been realizing this much earlier, but better late than ever
I was also lucky to have always been keeping track of all my expenses, it showed me what was wrong and what I could improve.
The Poor Swiss
You are welcome!
Maximizing your saving rate is not too difficult once you take care of :
If you need more help, you are on the good forum
I agree. Once you become serious about it, it’s not so difficult to improve the savings rate. It takes some strategy though.