10 steps to financial freedom

You Can Make It

Andrea’s life quality is high, he likes to eat well, dress well and has a passion for expensive watches. Last year he lived in New York and Milan and still, he managed to save about 70% of all his income. How is that possible? Andrea has a blog about personal finance and how to reach financial freedom, but it’s only in Italian and if you don’t speak italian we have summed up 10 of his secrets. 10 steps that, if followed almost exactly in this order, can get you financial freedom. Understand the equation Money = Freedom Saving is the first and most important step “Can I afford it?” is the wrong question to ask when buying something How to keep a budget What to invest in? Difference between Stocks / bonds / funds / ETFs Why the dollar cost average is very important In the long run, there is no financial crisis that can hit you Diversify and be safe Minimize bank fees and expenses Your friends might be the reason you’re not rich yet BOOKS we mention "If You Can": How Millennials Can Get Rich Slowly by William J Bernstein “The Investment Answer” by Gordon Murray "The Millionaire Next Door: The Surprising Secrets of America's Wealthy" by Stanley Thomas "A Random Walk Down Wall Street" by Burton Malkiel Thank you Andrea and Incassaforte for all the good reads and to push us to invest. *** This podcast is brought to you by Audible, the to-go audiobook app from Amazon. Go to http://www.audibletrial.com/doubleespresso and get a FREE book and a free 30-day trial. Too complicated? You can also donate with PayPal at paypal.me/doubleespressoshow. All the support is welcomed and we thank you for it! *** Give us feedback on Facebook @TheDoubleEspressoShow or on on Twitter @2espressoShow If you want to support the monthly expenses, you can donate at PayPal.Me/osib Grazie, Claudio and Simone