Money-Talks on Deliberate World

Perhaps - the best approach to personal finances 💸

Mon, 10 Mar 2025 00:00:00 +0000

People love to talk online about how to make good money—enough to buy a yacht and sail across foreign seas. But very little attention is given to how to actually spend that money (or how not to do it). How do you plan your expenses so that the hard-earned cash you strive to make is enough?

The society we live in is highly consumer-driven. The entire economy is built not on selling better quality products and services but on selling more stuff. If you start earning more, your expenses will increase too. There are American families making $20,000 a month yet drowning in debt. If you don’t know how to manage money when you’re poor, you’ll stay poor even if you become rich.

What is black swan? 🦢

Fri, 10 Jan 2025 00:00:00 +0000

A Brief History

Black swans exist in real life. Long ago, it was believed that they didn’t. The term “black swan” was used to describe something that was fundamentally impossible because swans were thought to be only white.

What Happened Next?

When it was discovered that black swans actually do exist, the meaning of the phrase changed. A “black swan” came to signify an event that no one expected could happen, but which ultimately did.

Buy or rent? 🏠

Tue, 07 May 2024 00:00:00 +0000

Sometimes we want to own things and simultaneously take responsibility for them. Other times, we prefer to rent, like with a car or an apartment, and shift the responsibility to the renter. Loans have helped developed nations reach great heights. This is discussed by the authors Daron Acemoglu and James Robinson in their book Why Nations Fail.

Sometimes - it could be better to take a loan with the certain percentage instead of buying the whole apartment in cash (if You have enough cash). However, perhaps for this same reason, many countries sank during the 2008 financial crisis, while Germany wasn’t as heavily affected because it didn’t have as much leverage in the market.

Wise vs Revolut

Mon, 11 Dec 2023 00:00:00 +0000

Preface

~~This should be the introduction where the author talks about how great our world is right now and how we can have a bank account (almost) without even leaving our phone, and all that.~~

This review covers the free versions of both services.

What Both Services Have in Common

Ability to create an account from your phone.
The option to make deposits and earn better interest rates than at your own bank.
The ability to exchange currencies more favorably than at your bank.
A higher risk of losing money compared to your bank. Let’s be honest, it all looks a bit scarier, right?

Cards

Both services offer physical cards. These days, everyone who can offers this option. With both services, ordering a card is a one-time payment (as long as you order it), around five euros.

BTC will save the world or perhaps not 🪙

Mon, 20 Nov 2023 00:00:00 +0000

Many people consider cryptocurrency just another Ponzi scheme, while others believe that Bitcoin (BTC) will save the world. There are always a lot of different opinions about what is happening in the world, and often, people express these opinions just to draw attention to themselves.

The Idea

The idea is simply beautiful — giving control over funds directly to the holder, without the need for a middleman who needs to be trusted. At the same time, everyone is on their own, and if someone loses access to their assets, no one can help them recover them. As always, there are both positive and negative sides. I won’t tell the story of BTC here.