Today is the 55th edition of our periodic guest post series called 10 Questions and a Pizza Place. (The 1500′s are pizza fanatics.) We have a list of 17 questions we pose to fellow financial bloggers, and they are free to pick and choose 10 or answer all of them. Let us know if you would like to be featured in a future edition of 10 Questions. Note: We just changed the questions, so feel free to submit again.
Today’s guest blogger comes to you all the way from Switzerland! Very timely considering the currency bomb that the Swiss dropped on the world recently! I have no idea if Mr. Mustachian Post has anything to do with the currency fun, but if so, well played. Did you pick the color for your new Ferrari yet? I kid, I kid. Maybe.
Tell me about your blog and why it’s great.
I created mustachianpost.com after finishing to read every single blogpost of Mr. Money Mustache. I wanted to keep track of my journey towards financial independence, in order to share my mistakes and tips. Also I felt that the topic was covered a lot in the US but nothing was targeting Switzerland specifically. So the specificities of this tiny country that are treated in my blog could be what makes it great 😉
What is the worst financial mistake you made?
I bought a car on loan. But I think I had to do it once in order to realize how much of a painful experience it is to have a loan to reimburse every month. I will never get a loan anymore for anything but an apartment mortgage!
What would you do if you inherited $1,000,000 (after taxes) today?
If I assume 1$ = CHF 1.-, then I would buy an house, invest the rest and then update my “Years to retirement” graph 😉
What kind of car do you drive?
A 2006 Toyota Prius since almost one year. I simply love this car! Big enough to transport family or carry some Ikea huge wardrobe, while consuming very small amount of gas. It is funny how I switched from a 200hp car to an hybrid one, while still having fun thanks to the gamification you get out of the Prius usage: always trying to improve your gas consumption 😉
Who inspires you?
I won’t be original on this one but financially, MMM and Jesse Mecham from YNAB (You Need A Budget) are the two guys that inspired me most. On the general scale, people like Tesla CEO or other serial entrepreneurs are inspiring me. I have more ideas of product/company to build/create than every single minute I have left to live…
What is the best financial move you have made?
Reading MMM blog from A to Z and using YNAB.
After applying mustachianism:
* I lowered insurance policy coverages to the minimum
* I changed Internet provider
* I lowered my mobile plan to the minimum needed
* I changed car
* I changed the way we buy groceries to reduce drastically our bills
* I started to invest
If I had to pick one, I think that it is the car switch that I’m the most proud of! Well, also the investing one actually.
What is your favorite place to vacation?
Canada!!! Québec province. And as soon I will have visited it, I think British Columbia will become my top 1!
What’s your favorite tip for saving money?
Use YNAB while having real goal(s) in mind that drive your financial decisions! I love this stash that can’t stop to go upper and upper!!!
What is your favorite pizza place (I am a pizza nut)?
“Chez Tony” in Grandson, Switzerland! The Indian pizza is just awesome!!!
What is your fondest memory?
The day I met my wife, our wedding and our two child births.
What are your biggest goals in life?
Short-term goal: buy an apartment in 3 years
Short-term goal: work 80% in less than 3 years
Mid-term goal: world tour with wife and two children in less than 10 years
Long-term goal: financial independence
All that spending time traveling with my family as much as possible!!!
And also create or build products that are useful to some people!
If you could go back in time and give yourself one piece of advice, what would it be (don’t say ‘buy Microsoft,’ everyone says that)?
Set yourself goals and start YNAB. Because unfortunately, stash isn’t amassing alone…
What advice would you give to a 24 year old, just out of college?
Choose the company that offers a job that you really dream about. And not the one that offers more money, because on the long run, the first one and your experiences there will bring you much much more than the second one!!!
And continue to live the same frugal student life of necessity while saving a lot of money!!!
Mac or PC?
Mac! I can’t understand how one can still use a PC nowadays!
What are your favorite personal finance websites?
Prosper or Lending Club? Please explain.
I still wait them to reach the Swiss market…
If you have children, how do you raise them to be financially responsible and frugal?
They are still young but we already start to explain them the value of things such as food or clothes. To not waste. I think my biggest challenge will be to make them love and stick to YNAB 😉
I also checked the “Rich dad poor dad” book summary yesterday and this gave me some inspiration on how to infuse them the craft-it-yourself and entrepreneurship spirit I wish they will have in 10-20 years.
What is the worst personal finance mistake you see people making?
Eating outside every work day at noon…
What product or service epitomizes consumerism?
Loan of less than CHF 500.- without any financial status check from the bank! This should be forbidden!!!
What is your favorite recipe?
Chocolate cake from my wife!!!!!
What was your favorite job?
A student job during a summer: some motorway toll company was doing some preventing campaign and I had to check the tires inflation. I had so much fun because of a nice colleague, funny and happy clients in holidays, and a lot of tips in addition to my salary.
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