Remon Talks

Since you were a baby you’ve probably heard a thousand times that debt is bad, period. Although debt is bad in many cases, like creditcard debt, debt can also be good.
Bad Debt
Bad debt is debt that doesn’t make you money. Creditcard debt for example. You probably pay around 17% interest a year on your creditcard […]

People like to compare theirselves to others. They do it all the time, I used to do it myself and it’s likely you’re doing it as well.
DON’T
If you’re comparing yourself to others it’s time to stop it. It’s a bad habit and you will not reach your financial goals if you keep doing it long […]

When doing business we all face the risk versus reward situation someday. The same is true in finance and even in day-to-day life. When should you take the risk and when shouldn’t you?
When NOT to take risk
You should never, let me repeat that, NEVER take a risk when the potential reward is slim to none […]

You’re saving money every month, maybe putting money in stocks or mutual funds and you’re maxing out your 401(k). Do you need a financial advisor? I don’t know.
What I do know is when you do need a financial advisor.
When googling for what is a financial advisor you get this definition:
a consultant to an issuer of […]

We all know that saving for retirement is important, but how much should you save? How much is enough?
The problem is that you don’t know how much time you’ve got left after retirement so you can’t predict how much money you need. There’s a huge gap between living 5 years after retirement and living 30 […]

It is common for people to do what other people do. The best example is probably people getting a job because that’s what you’re supposed to do, plus, it’s secure *cough*.
Now, say you want to become wealthy, like most people, what would you do? Work for a boss? How many employees do you know that […]

I’ve said it before and I’ll say it again; you can’t start planning your retirement too early. The younger you are the better.
Tax Deferred Accounts
Make maximum use of these accounts (IRA or SEP), it’s basically free money. You can read a bit more about this in Some tax tips for the investors.
Saving for retirement
You can […]

Many people think before taxes. Ie. a friend is earning € 2000 a month before taxes and he is in the lowest tax bracket here which is 34%. It’s a fulltime, 40 hour week, job. Let’s call my friend Joe for the rest of this post.
The common thought
Joe wants to buy a new iPod, the […]

The younger you are, the more important it is to realize the largest benefit of saving money; compound growth.
What is compound growth?
Compound growth, is growth over growth. When using a savings accounts, we talk about compound interest, which is interest over interest. Say you have $100 now, you get 5% interest making your total $105. […]

As you may have read in the About page, I’m a snake keeper and breeder. I’ve been keeping and breeding snakes as a hobby for the last 14 years and I find myself specialising more and more in the high end morphs (the expensive color or pattern mutations).
Keeping snakes and everything related to it taught […]