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How to Create Extreme Wealth

How to Create Extreme Wealth

Recently, I had a revelation. It happened when I overheard the motivational speaker Bob Proctor talk about the three money types. He divides people into M1, M2 and M3. He talks about those who make money by giving their time to get money, i.e., those with a paid job....

How to Reduce Taxes on Stocks 2021

How to Reduce Taxes on Stocks 2021

Taxes can eat up a big chunk of your capital gains, and they really affect the long-term effect of compounding.  The good news is that there are steps you can take to minimize the taxes you pay on stock gains. The tax regulations are different from country to country,...

Is Money Your Servant or Your Master?

Is Money Your Servant or Your Master?

Many influencers, Instagrammers and YouTubers give tips on how to save money on laundry, hairdressers, food and lots of other things. One of the YouTubers I recently noticed explained how he lives on oatmeal and Heinz tomato soup in order to save and invest and become...

Persistence: Seven Steps to Keep Investing in Stocks

Persistence: Seven Steps to Keep Investing in Stocks

If you examine how people succeed with almost anything, there is always an important ingredient that is just as crucial for their outcome as flour is for bread. No flour, no bread. What is it? Persistence. The ability to keep going, even when it gets difficult. As...

Five Tips for Making Good Investment Decisions

Five Tips for Making Good Investment Decisions

To become a good stock market investor, you need to practice becoming good at making quick decisions on your own. If you think about it, investing is all about being able to make decisions. After all, decision-making is the core of investment if you cut it right down...

The Biggest Mistake Many New Value Investors Make

The Biggest Mistake Many New Value Investors Make

You have become a dedicated value investor, and now you want to get started at the actual investing. You have seen the light. You understand that it’s about buying shares when they are undervalued on the stock market and selling them when they are overvalued (or...

Three Ways to Find Your Next Investment Idea

Three Ways to Find Your Next Investment Idea

How do you pick the companies you want to buy stocks in? How do you even know which companies to look at? Where do you find your inspiration? These are some of the questions I get asked most frequently. Here are three ways to find your investments or to get your...

The Billionaire’s Five Mental Habits

The Billionaire’s Five Mental Habits

It is hard for you to get rich if you don’t believe it’s possible. It's hard for you to become wealthy if you consciously or unconsciously feel a little guilty about wanting more. It’s difficult to maintain your wealth if you’re afraid of losing money. Nevertheless,...

How to Set Up Your Investing Practice

How to Set Up Your Investing Practice

I once read a blog post that changed my life. It was about running and maintaining the new exercise habit. According to the blogger, all you had to do was put on the running shoes first thing in the morning. In fact, he said you should sleep with the running shoes...

What Happens if You Never Start Investing?

What Happens if You Never Start Investing?

It always surprises me that so many people are sitting on the sidelines of the stock market. They want to start investing in stocks, and they participate in various Facebook groups, listen to investment podcasts, and read relevant blog posts... but they don’t buy any...

How Do You Make a Living From Stocks?

How Do You Make a Living From Stocks?

How do you actually make a living from stocks? What are the specific steps? Do you sell the shares? This is a question many people ask me. The underlying question here is also: what comprises a return on a stock? Is it just the rise in the stock price? In this blog...

How To Make Your Child a Millionaire

How To Make Your Child a Millionaire

“I have some money that I would like to invest for my child. How should I invest it?” This is one of the most popular questions I hear. The good news is that I get it. One of my biggest drivers for investing is making my children financially independent long before...

Five Reasons Why You Should Have a Prenup Contract

Five Reasons Why You Should Have a Prenup Contract

Only a minority of couples sign a prenuptial agreement - a prenup, for short - even though it could have a positive impact on the relationship. It's a shame, because there are many benefits to being clear about what should happen financially if you separate - even if...

Dividend Stocks? Here Is Your Crash Guide

Dividend Stocks? Here Is Your Crash Guide

When listening to novices and cautious shareholders, one would think that the paved road to financial freedom (and sense of financial security) lies in a very specific place: Namely, in dividend shares. In this blog post, I will explain exactly what dividends are and...

The Five Most Typical Beginner Mistakes

The Five Most Typical Beginner Mistakes

How do you invest in stocks? What do you invest in specifically? Many newbies have probably asked a friend or googled these questions. But there are other questions that are at least as important to ask: What should you NOT do when investing? What should you avoid...

How to Protect Yourself From the Threat of High Inflation

How to Protect Yourself From the Threat of High Inflation

Inflation is a threat because it erodes the value of your money. Inflation is also a threat because it can indirectly lead to a stock market crash. When inflation rises, the national banks around the world will eventually have to let interest rates rise to curb that...

Three Mistakes You Make When Haggling

Three Mistakes You Make When Haggling

The other day on Facebook, I read some tips and tricks to negotiate discounts and rebates. There were many creative ideas and examples of white lies. Here are some of the tricks that came up: One person always said “This is above my budget” and waited for an answer....

Ten Crazy Things People Dependent on a Salary Say

Ten Crazy Things People Dependent on a Salary Say

If you are dependent on receiving a monthly salary, you have a particular way of thinking that has been encoded in you through years of schooling and socialization in the job market. There are some special phrases, sentences and wordings that repeat themselves. Maybe...

Seven Steps to Master the Courage of Investing

Seven Steps to Master the Courage of Investing

I often meet people who want to invest in stocks but can’t bring themselves to get started. It may be laziness or fear that holds them back - or perhaps a mixture. The composition of the emotions is irrelevant, as the cure is the same. In this blog post, I’ll give you...

Ten Personal Rules for Getting Things Done

Ten Personal Rules for Getting Things Done

In just a few weeks, I have moved myself and my two children from Nørrebro in Denmark to Cascais in Portugal. It has been a huge project with so much involved: finding a new house, a new school, getting the old apartment sold, sorting, packing, and shipping our...

Three Reasons Why a Sabbatical Can Boost Your Career

Three Reasons Why a Sabbatical Can Boost Your Career

Does it become a "black hole" in your resume that you fall through if you take a sabbatical year or two? I think many people stop themselves from taking life breaks or sabbaticals because they have a feeling that they can’t leave the rat race. Maybe it also just seems...

Five Rules to Get You Through Revenge Spending

Five Rules to Get You Through Revenge Spending

As the world opens up after the global pandemic, some people become euphoric and buy luxury items that become a symbol of freedom. Are you aware that Lamborghinis are almost sold out for the year? Six months into the year, 2021 has become the luxury car brand's...

Five Common Money Blocks and How to Overcome Them

Five Common Money Blocks and How to Overcome Them

What we tell ourselves about money is important. When teaching investment, it has dawned on me how much of the work is mindset. We can only get s0 far with knowhow about how to calculate when a company is cheap on the stock exchange.   The other day I coached someone...

Ten Surprising Things About Warren Buffett

Ten Surprising Things About Warren Buffett

Warren Buffett is known as a legend among stock investors. For decades, he has beaten the market by selecting undervalued stocks. He has invested with courage when others have feared the future, and he has exercised caution when others have been greedy. But Warren...

Five Reasons I Am Leaving Denmark

Five Reasons I Am Leaving Denmark

I'm emigrating. I’m taking my two boys and leaving Denmark. It’s a quest for a good life (read the blog post about why we chose Portugal here), but it began as a budding feeling of discontent. Why can’t I just stay and let the kids grow up in their home country?...

Five Ways to Avoid Losing Money After Becoming a Mother

Five Ways to Avoid Losing Money After Becoming a Mother

It’s expensive for women to have children. Most women go on maternity leave, and then they return to the same or a similar job. But because they have been absent, their careers lag behind those of their male counterparts. Some women even take a pay cut to go part-time...

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