All posts tagged: lyxfallan

Lyxfällan Top 10: Problems People have with Money

“All happy families are alike; each unhappy family is unhappy in its own way.” (Leo Tolstoy, Anna Karenina)  Even though Lev Tolstoy claimed the opposite, we can find similarities in unhappiness of financially broken families—both of which share a common starting point. After analyzing 17 Seasons of the popular Swedish TV Show LyxFällan (Luxury Trap in English), I did draw some conclusions about common money spending habits, lifestyles, and attitudes towards money. If you can relate to at least three of the following economical letdowns, consider yourself warned… Here is a list of the most popular issues that landed people in LyxFällan.  No savings – The most common feature that everybody shared was having  zero savings. This included people with an income of $2000-$6000 per month. No matter how small or large your income is, save at least 10%.  No concept of expenses and loans – Knowing how to budget and control your economy is one ability that most people from LyxFällan did not have. Here you will find The Top 5 Swedish Apps that will help you …

I want this N O W !!!

To be able to invest and multiply our assets, we need to understand ourselves first and, in particularly, our spending habits. I will never forget a situation happened almost a year ago with my friends. We were sitting in a very nice and cozy Italian restaurant with 7 friends of mine after the ski day in mountains. All  my friends work at good positions in big international companies for quite a long time. It was Sunday night, 24 th of February. When the desserts were served my friends began talking about staying a little bit longer and waiting before midnight. I asked if it was any after ski tradition or so. They replied that there was no specific tradition; they just needed to wait for a midnight, because it was a salary day and exactly at 12 a.m. in the morning their bank account would receive thier monthly wage so they could pay for a dinner…. Continuing the discussion started a week ago about how we are influenced by the society we live in (Friday …