Cash22 - A personal finance blog

My mum loves sending me articles of how other 30-40 years old manage their finances. Recently, she shared with me an article that talked about how retired millionaires under 40 navigated the corona virus situation. But to be honest, I was not worried how they navigated the complete collapse in economies globally. I mean don't get me wrong, it is important - something I will cover in a later post. But I was more intrigued about the first part. How on earth were they able to retire as millionaires under 40!! Upon doing some online digging, I came to read about the concept of FIRE, again. I have heard this before. Have you? Or are you completely clueless - the way I was, the first time my colleague mentioned it to me? FIRE - as the title explains - refers to individuals that have gained financial independence and are now able to retire early - as they have reached the point where they don't have to work for money anymore. They can now do something they love, not having to sell awa

Not the home we bought, but definitely a dream home. Source . We recently bought our first home, and we’ve written all about our experience, learnings and tips, and the whole process. However, after finishing the post, I realized it’s almost 2,500 words – so I wrote a shorter one – a summary, if you may – incase you just want to get a gist of it. But if you want to read in detail, scroll two paragraphs down. Summary: After calling several real estate agents and viewing a few apartments, we were told to start applying for the ‘pre-approval’ – as we would be buying the house on a mortgage. We contacted a mortgage consultant who supported us in our mortgage application. The pre-approval requires several documents and is one of the first steps to get started with the mortgage. The bank does an eligibility check on your credit limit, and in case you do not have enough credit, you will be asked to reduce your credit card limit. The pre-approval typically takes a week and is valid for 60 days