How do we calculate portfolio returns
Many clients consider portfolio return to be the most important piece of information. Finax is implementing the market standard for calculating the appreciation – the time-weighted return. This article describes how the return is calculated.
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Car depreciation - expense that is often overlooked
The decline in the value of a car due to its use or in other words depreciation, is the biggest expense associated with the car and is often overlooked. In this blog we will take a look at it. How does the car value decrease with its use?
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Finax plans for 2021
Building a financial business out of thin air and competing in the first league with the biggest players in the game after only 3 years is an exceptional success given the circumstances in Slovakia. Ladies and gentlemen, Finax really did it!
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Book Review: The Millionaire Next Door
Have you ever thought about how the regular people become millionaires? The authors of the book The Millionaire Next Door, William D. Danko and Thomas J. Stanley, spent years analyzing the behavior of American millionaires. This book will show you the way to become a millionaire yourself.
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12 tips on how to save hundreds of Euros monthly
Let’s be honest, saving money is difficult. If you can’t make yourself start saving money, you are not alone. Majority of people live from paycheck to paycheck, and that’s not alright! Many of you could benefit from a list of simple steps that will help you increase your savings.
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10 tips on how to reduce your WEEKLY expenses
Saving money can be difficult. However, if we do it regularly, we can make it a habit and over time it can lead to significant wealth. The last blog was focused on the bigger, monthly expenses. Today, we will have a better look at the weekly expenses.
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Book review: Rich dad, poor dad
This book made me look at money from a different perspective than I had known before. Everyone who is interested in managing their personal finances in a better way should read this book. It should be a part of your path to financial literacy.
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Book review: Playing with Fire
The book that transformed my perspective of personal finance. It stood at the conception of my attitude towards financial independence. A great book that forces you to think about your values in the context of your finances.
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