What Have You Learned?

Since this website was created around five years ago, a lot has happened globally;
Massive company layoffs, revolutionary AI (chatgpt among others), automation, covid-19, retirement age will probably increase to 70 or more (https://www.wsj.com/articles/career-length-retirement-living-longer-11675878313), healthcare worker burnouts, the increase in available remote jobs, people making a living from YouTube, increased annual inflation, war in Ukraine and fear of ww3.
There is more evidence than ever that relying on having a regular job as your single income stream, might not be a good idea after all. Job security is a thing of the past.
There are many factors out of your control that can get you laid off or make you feel unhappy when being employed. There are also new ways to make an income online. Never get comfortable relying on a single income stream. 
At least not one that is location dependent. If that single engine fails, the whole ship might sink.

Here are some of the lessons from personal finances during the recent years that one can benefit from learning:

Start businesses that has the potential to become highly profitable. First as a side project while working.

Invest long term in markets when they have dipped and the fear is high (on the Fear and Greed Index).

Build multiple income streams.

Save up at least six months of expenses as a buffer. 

Use geoarbitrage for what it’s worth.

Don’t spend more money than necessary on things to impress, almost no one cares about the materialistic things you have. 

Accumulate knowledge that is relevant for improving your life, from books and podcasts on a regular basis.

You will never truly win by being an employee, you have to eventually become an employer.

The highest degree of freedom is when you can spend most of your time where, however and with whom you want. A life of true autonomy. Autonomy is essential for happiness.


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