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The Good Life Journey
Germany
เข้าร่วมเมื่อ 1 ก.ย. 2023
Weekly videos on personal finance and living a good life.
Welcome to the channel. My name is David. I am an Engineer turned Academic Researcher turned Consultant turning TH-camr. Above all, I am interested in living a good life. Isn't that what we are all here for?
On this channel, we offer practical tips and strategies to empower you to take charge of your finances and work towards financial freedom. But we don't stop there. We delve deeper, exploring what a life full of meaning, contentment, and tranquility could look like. Drawing from the wisdom of philosophers, writers, and thinkers, we distill their insights into actionable advice for your everyday life.
Subscribe NOW and join our journey!
Welcome to the channel. My name is David. I am an Engineer turned Academic Researcher turned Consultant turning TH-camr. Above all, I am interested in living a good life. Isn't that what we are all here for?
On this channel, we offer practical tips and strategies to empower you to take charge of your finances and work towards financial freedom. But we don't stop there. We delve deeper, exploring what a life full of meaning, contentment, and tranquility could look like. Drawing from the wisdom of philosophers, writers, and thinkers, we distill their insights into actionable advice for your everyday life.
Subscribe NOW and join our journey!
The Crossover Point Explained (for Financial Freedom)
💡 Unlock your path to financial freedom with our latest video on the Crossover Point-a game-changing concept that marks the moment your investment income surpasses your living expenses.
📊 In this video, we’ll break down the Crossover Point, showing you how to track your income, expenses, and potential passive income to achieve full financial independence.
🚀 Accelerate your journey by optimizing your savings rate, and learn how to reach financial freedom faster.
🏄 Check out some of our personal finance videos:
10 Proven Long-Term Investment Strategies for Financial Success: th-cam.com/video/dEA-IhnEzUc/w-d-xo.html
The Critical Investing Milestone: Why Your First $100K Matters: th-cam.com/video/XWn9g35sFrE/w-d-xo.html
Transform Your Money Mindset: 18 Secrets to Achieving Financial Freedom: th-cam.com/video/G7smFN45sjs/w-d-xo.html
🌍 Check out my blog for more inspiration: www.thegoodlifejourney.com/
📊 Start tracking your own progress towards reaching the Crossover point and financial independence! Find a free Excel sheet template to record your income, expenses, and investments in this blog post: www.thegoodlifejourney.com/home/track-savings-rate
💬 What’s your biggest challenge in saving or investing for financial freedom? Let us know in the comments!
#FinancialFreedom #CrossoverPoint #PassiveIncome #Investing #PersonalFinance #FinancialIndependence #MoneyManagement #SaveAndInvest #9to5Escape #FinancialGoals
📊 In this video, we’ll break down the Crossover Point, showing you how to track your income, expenses, and potential passive income to achieve full financial independence.
🚀 Accelerate your journey by optimizing your savings rate, and learn how to reach financial freedom faster.
🏄 Check out some of our personal finance videos:
10 Proven Long-Term Investment Strategies for Financial Success: th-cam.com/video/dEA-IhnEzUc/w-d-xo.html
The Critical Investing Milestone: Why Your First $100K Matters: th-cam.com/video/XWn9g35sFrE/w-d-xo.html
Transform Your Money Mindset: 18 Secrets to Achieving Financial Freedom: th-cam.com/video/G7smFN45sjs/w-d-xo.html
🌍 Check out my blog for more inspiration: www.thegoodlifejourney.com/
📊 Start tracking your own progress towards reaching the Crossover point and financial independence! Find a free Excel sheet template to record your income, expenses, and investments in this blog post: www.thegoodlifejourney.com/home/track-savings-rate
💬 What’s your biggest challenge in saving or investing for financial freedom? Let us know in the comments!
#FinancialFreedom #CrossoverPoint #PassiveIncome #Investing #PersonalFinance #FinancialIndependence #MoneyManagement #SaveAndInvest #9to5Escape #FinancialGoals
มุมมอง: 42
วีดีโอ
7 Life-Changing Benefits of Cold Water Exposure
มุมมอง 32หลายเดือนก่อน
🌊 Discover the Incredible Benefits of Cold Water Exposure! Imagine plunging into icy cold water and emerging refreshed, energized, and mentally clear. Sounds extreme, right? But what if I told you that this practice holds scientifically proven benefits for both your body and mind? In today’s video, we cover 7 life-changing reasons why you should embrace cold water exposure. From boosting your m...
10 Proven Long-Term Investment Strategies for Financial Success
มุมมอง 542 หลายเดือนก่อน
📈 Unlock the Secrets to Long-Term Wealth with Jack Bogle. Discover the timeless investing wisdom of Jack Bogle, the visionary founder of the Vanguard Group. In this video, we explore ten key lessons from his book, “The Little Book of Common Sense Investing,” to help you build and sustain your wealth. 📉 Why Index Funds Are the Cornerstone of Smart Investing. Learn how Bogle’s creation of the ind...
Naval Ravikant’s Blueprint for Happiness: 8 Powerful Lessons
มุมมอง 1792 หลายเดือนก่อน
🔍 Is happiness something you can learn? According to Silicon Valley icon and philosopher Naval Ravikant, it is. In today’s video, we explore eight profound insights from Naval to help you grow personally, find a new perspective, and reduce stress. Whether you're seeking inner peace, contentment, or understanding happiness, these teachings offer valuable guidance. 💡Discover how happiness is a by...
Unlock Lasting Happiness: Choose the Right Path in Life
มุมมอง 763 หลายเดือนก่อน
🔥 Status, Money, Truth, or Freedom. Which Game Are You Playing? 🔍 Imagine your life as a game with different paths leading to success, fulfillment, and happiness. Are you playing the game of Status, Money, Truth, or Freedom? Discover which game you are unconsciously playing and how it might be affecting your life. 🌟 In this video, we delve into: • The Status Game: Why we chase social validation...
Naval Ravikant’s Blueprint for Financial Freedom: 7 Key Lessons
มุมมอง 3753 หลายเดือนก่อน
📈 Unlock Financial Freedom with Naval Ravikant's Wisdom! Discover the game-changing insights to achieving financial freedom as shared by Naval Ravikant, founder of AngelList. In this video, we dive into 7 powerful ideas that can help you escape the 9-to-5 grind and design your life on your own terms. Some of these insights that have inspired countless entrepreneurs and investors! Which tip reso...
Transform Your Money Mindset: 18 Secrets to Achieving Financial Freedom
มุมมอง 1113 หลายเดือนก่อน
⚡ Welcome to the channel! Unlock the secrets of financial success with Morgan Housel’s "The Psychology of Money"! In this video, we delve into the critical takeaways from this best-seller, exploring how emotional and psychological factors influence your financial decisions. 🏁 Whether you're striving to break free from financial struggles or accelerate your journey toward financial freedom, thes...
Boost Your Savings: 50 Money-Saving Tips You Need to Know (Part 2)
มุมมอง 1234 หลายเดือนก่อน
⚡ Welcome back! Here is part 2 of 50 essential money-saving strategies. From cutting unnecessary expenses to maximizing your investments, we've got you covered. Slash bills, boost savings, and build wealth for a secure financial future. Part 1 covers General, Banking & Finances, Transport, and Energy, while Part 2 delves into Food, Health, Travel, and more. 🌟 Like, subscribe for more on persona...
Mastering the 4% Rule for Financial Freedom
มุมมอง 4544 หลายเดือนก่อน
⚡ Welcome back! In today’s video, we explore the famous 4% rule, its significance for both near-retirees and young investors eyeing early retirement. Originating from a 1994 study, this rule guides retirees on safe annual withdrawal rates from their portfolios to avoid running out of money. ✌ For young investors, the 4% rule offers insights into financial independence goals, serving as a compas...
The Critical Investing Milestone: Why Your First $100K Matters
มุมมอง 1.1K4 หลายเดือนก่อน
⚡ Welcome to the channel! Discover the significance of hitting your first $100,000 invested! Why is this milestone so important and yet so difficult to achieve for most? 🏄 Want to reach $100K faster? Check out our video on saving tips: th-cam.com/video/vRRRNUEUvko/w-d-xo.html 🏄 Check out our video discussing different types of budgeting, including the "pay yourself first" budget: th-cam.com/vid...
Secrets of the Blue Zones (Netflix): 8 Lessons for a Longer, Healthier Life
มุมมอง 2014 หลายเดือนก่อน
Welcome back to the The Good Life Journey! 🌟 In today's video, we delve into the secrets of longevity with insights from Netflix’s show, "Live to 100: the Secrets of the Blue Zones." 🌍 Blue Zones are regions of the world where people live longer, healthier lives. In this video, we explore the top 8 takeaways from the Blue Zones, including the sense of purpose, the power of community, and more. ...
50 Money-Saving Hacks You Need to Know (Part 1)
มุมมอง 1115 หลายเดือนก่อน
⚡ Welcome to our channel! Revolutionize your finances and budget with our two-part series covering 50 essential money-saving strategies. From cutting unnecessary expenses to maximizing your investments, we've got you covered. Slash bills, boost savings, and build wealth for a secure financial future. Part 1 covers General, Banking & Finances, Transport, and Energy, while Part 2 delves into Food...
Seneca's Wisdom for a Meaningful Life: Top 10 Stoic Quotes
มุมมอง 195 หลายเดือนก่อน
⚡ Unlock 10 Stoic insights from Seneca's "Letters from a Stoic" for a meaningful life! Discover essentials over wealth for contentment. Choose your own Cato-a model of integrity. Discipline the body, bid farewell to empty prizes. Live with integrity, embrace tranquility, seek wisdom. Remember, true change is internal. Read "Letters from a Stoic" (affiliate link): rb.gy/ubrlt9 🌟 Like, subscrib...
💰10 Must-Have Habits Before 30 for Financial Success! 🚀
มุมมอง 185 หลายเดือนก่อน
Join The Good Life Journey: rb.gy/xrvzj0 🚀 Ready to take control of your financial future? In this video, we discuss 10 essential financial habits to master by age 30 for long-term success. From prioritizing savings to automating investments and monitoring expenses, each habit is a stepping stone toward financial independence. Don't miss out on insights and practical tips to secure your financi...
Master Your Money: 5 Budgeting Strategies for Financial Freedom!
มุมมอง 436 หลายเดือนก่อน
Join The Good Life Journey: rb.gy/xrvzj0 💡Unlock the keys to financial freedom with our latest video on budgeting strategies! Which of these 5 budgeting strategies is best suited to your situation? 👍 Join us to empower your financial choices and take charge of your future. Don't forget to like, subscribe, and stay tuned for more videos. Join Our Journey! 🌍 Looking for more #inspiration? Check o...
Achieving Inner Peace: 10 Shared Lessons from Stoicism and Buddhism
มุมมอง 236 หลายเดือนก่อน
Achieving Inner Peace: 10 Shared Lessons from Stoicism and Buddhism
Drop Your Car, Become a Millionaire: The Hidden Costs of Car Ownership
มุมมอง 278 หลายเดือนก่อน
Drop Your Car, Become a Millionaire: The Hidden Costs of Car Ownership
Stoicism Blueprint Unveiled: 20 Powerful Ideas for a Fulfilling Life
มุมมอง 409 หลายเดือนก่อน
Stoicism Blueprint Unveiled: 20 Powerful Ideas for a Fulfilling Life
Brakes to Financial Freedom: Shocking OECD Savings Rates!
มุมมอง 529 หลายเดือนก่อน
Brakes to Financial Freedom: Shocking OECD Savings Rates!
Transform Your Life: Dalai Lama's 40 Secrets to a Fulfilling Life | The Book of Joy
มุมมอง 429 หลายเดือนก่อน
Transform Your Life: Dalai Lama's 40 Secrets to a Fulfilling Life | The Book of Joy
Accelerate Financial Independence: Master Your Savings Rate! 📈💰 | Free Tool Included
มุมมอง 3510 หลายเดือนก่อน
Accelerate Financial Independence: Master Your Savings Rate! 📈💰 | Free Tool Included
Finding True Happiness: Can Your Job Provide Fulfilment?
มุมมอง 2010 หลายเดือนก่อน
Finding True Happiness: Can Your Job Provide Fulfilment?
Fast-track Your Journey to Financial Freedom with This Simple Tool
มุมมอง 3510 หลายเดือนก่อน
Fast-track Your Journey to Financial Freedom with This Simple Tool
Start Now Your Financial Independence Journey
มุมมอง 3010 หลายเดือนก่อน
Start Now Your Financial Independence Journey
The Book That Changed How I View Work (Work, by James Suzman)
มุมมอง 8111 หลายเดือนก่อน
The Book That Changed How I View Work (Work, by James Suzman)
What’s your experience with cold water exposure? Have you tried cold plunges, ice baths, or cold showers? Share your stories and any benefits you’ve noticed in the comments below! 👇
Which of Jack Bogle's investment principles for achieving long-term financial success resonated most with you? Let us know below!
Which of Naval Ravikant's 8 insights on happiness resonated with you the most? Please share!✌
Inner peace = Happy
Great through poses.❤ Form India
I appreciate it, and thanks for subscribing!
Which game do you think you're currently playing: Status, Money, Truth, or Freedom? Do you have experiences dealing with people playing very different games? Please share!
Understanding deep down your relationship with money can be tough. Which of the 18 tips from 'The Psychology of Money' resonated most with you, and why? Please share!
Have you personally considered implementing the 4% rule in your retirement planning? What factors influence your decision? Are you actively saving towards early retirement or financial independence? What are your thoughts on the limitations of the 4% rule? Do you have alternative strategies in mind? Please share!
Well done video! Thanks and subscribed!
thanks for the support, much appreciated!
What Blue Zone lessons are you planning to incorporate into your life? Share your thoughts below!
Yet again great video - thanks!
thanks - glad you liked it!
U need a professional TH-cam thumbnail designer and video SEO expert?
Hi, dear, I saw your TH-cam channel. You are making amazing videos! Your content quality is excellent. What is in your mind about your channel?
Thanks for your kind comment! Not entirely sure what you meant with your question, but I am trying to grow the channel on two topics I am passionate about - personal finance and happiness. I would like to help others manage their finances better and also share insights and strategies that may enable us to live our best possible life.
@@TheGoodLifeJourney It is very good. Great idea. Can we talk in detail on whatsapp or instagram?
It's interesting that Germany's saving rate is relatively low. I wonder if it's lower in 2022 than it was in most years before. Average wages are surprisingly low here, but for a long time the cost of living was too. With Covid both sides of the equation were impacted. In 2020/ 2021 many people's income reduced drastically. Around the same time (especially in 2022/ 2023) the cost of living went up substantially. So I wonder if the relatively low savings rate is due to these factors. Did you come across any statistics on how the saving rates of different countries evolved over time?
Thanks for the insightful comment! I pulled the numbers from the link below. If you select Germany, you can observe how the savings rate has evolved over time. Interestingly, it has remained fairly constant and is very similar before the pandemic (2019) and afterwards (2022) - around 11%. I am surprised as well - my perception as well is that salaries have increased at a lower rate than living costs. It may be that people have responded by spending a bit less in non-essential areas.. data.oecd.org/hha/household-savings.htm#indicator-chart
Great video! I've been trying to keep track of my monthly expenses and come up with a bit of a budget, but I find it tricky to account for one time expenses (like holiday flights etc.).. Some months are so much more expensive because of these one time expenses and then my "monthly allowance" doesn't add up anymore.. Any advice how to handle those out of the ordinary months?
Thanks! I agree, recording these one-time expenses can be a bit frustrating. For unusually large expenses I’d recommend spreading them out over time. So, for a large holiday or for annual bills I normally divide by 12 and then continue recording that expense for the next year. That simple trick will allow you to maintain a sense of control and determine whether you are within your budget.