Share:

News / Blog: #geld

Living Frugally - Retirement at 40 How to Finance?

08/27/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

It's difficult to retire at 40 if you haven't saved enough money. Some factors to consider are:

1. Save early. It is important to start saving as early as possible to build a nest egg for the future. The best way to start is by creating a budget and setting aside a monthly amount.

2. Invest in your future. Invest in a retirement account to protect and grow your savings. This can be a 401K, IRA or other investment account.

3. Increase your value. In addition to saving and investing, you can also increase your value through education and other means. This can help you get a higher salary or a better position, which in turn increases your savings.

4. Avoid excessive spending. If you are trying to retire early, it is important to avoid excessive spending. This means spending only what you can afford and spending less than you earn.

5. Consider alternative sources of income. If you don't have enough savings to retire early, you can also consider using alternative sources of income to increase your income. This can be a side business or a part-time job.

It is possible to retire at age 40, but it takes creativity and discipline to make it happen. It is important to compromise and build a nest egg for the future.

Like (0)
Comment

Data from the commercial register now available free of charge

08/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

On August 1, 2022, the German government implemented a European directive for better information exchange within the EU by bringing the Digitization Directive into force.

While it is in principle now possible for users of the common register portal to access data such as new registrations, notifications of changes and notifications of deletion free of charge and without registration, a closer look still reveals decisive disadvantages:

For one thing, the display of hits or search results per search query is limited to 100 results.

To locate, for example, all agencies or associations in a region or in a state, you would therefore have to make several search requests.

On the other hand, the number of search results per page is only 10 entries, which additionally means en extra effort when browsing or downloading documents. Also, no contact information can be added, nor is data such as web pages/URLs or email addresses included.

Our conclusion: in order to specifically retrieve individual commercial register excerpts, the aforementioned amendment represents good progress.

For address or direct marketing and lettershops, proprietary databases such as our Company Database 2022 continue to remain highly relevant due to the much wider range of functions. Due to the absence of the limitations described above, working with our system will save you valuable time and therefore money.

Like (0)
Comment

Founding successfully with little start-up capital

08/03/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

It is possible to start a business with little start-up capital, but it requires good planning, a clear vision and hard work. It is important to first be clear about the company's goal and the nature of the business, because a business plan can then be created on this basis. A business plan should include a detailed financial concept and a detailed cost analysis. You also need to consider what kind of financing you are looking for and how to get it.

As a rule, it is not possible to start a business with only equity capital. One must be able to get loans to get the startup capital needed. There are several ways to raise the money you need. For example, business angels, banks or investors can make an investment in the company. One can also take advantage of government funding programs or turn to crowdfunding platforms.

It is also possible to start a business with little seed capital by doing some of the required work yourself. This includes, for example, creating marketing materials, building websites and apps, or developing products. In addition, you can also try to attract customers by joining different networks and advertising. This can help save costs and build a customer base.

When starting a business with little startup capital, it is important to focus on the goals and success of the business. One must develop a clear strategy and have a plan on how to achieve the goals. Also, one should try to build a suitable network and establish contacts with potential customers and investors.

Like (0)
Comment

Free press release - What good are free tools?

08/01/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Free tools are a great way to save money and still have a useful tool. When choosing the right tool, it is important to be clear about what functionality you need and what costs are associated with it. It is also important to check the quality of free tools before using them, as they are not always as reliable or user-friendly as paid tools.

Free tools can be a good choice if you only want to solve a specific problem and don't want to upgrade the entire software. Many free tools have limited functionality, but can still be useful. An example of this would be a free image editing tool. It can help make minor changes to images without having to buy expensive software.

Free tools can also be a good choice if you want to test a project first. Many free tools tend to be less involved than paid tools and can help get a project started before making a larger investment.

All in all, free tools can be a good choice if you want to solve a particular problem quickly and efficiently. However, since they do not offer comprehensive functionality, you should only use them if you are sure that you can be satisfied with the tool's limitations.

Like (0)
Comment

How to become a part-time self-employed sidepreneur in Germany

07/29/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Many, especially young people, are nowadays playing with the idea of becoming self-employed in addition to their own job and building up their own second leg after work - often with the aim of earning their living independently on a full-time basis in the future and achieving financial freedom in the not-too-distant future.

Even against the backdrop of constantly rising prices such as rents and energy costs and a high inflation rate, this is not a bad idea. Moreover, it has never been easier to initially build up a side income online via the Internet and with little start-up capital, and bit by bit a four to five-figure monthly cash flow.

This is made possible not only by consulting services, which you can offer your customers as an expert in the respective market niche, but also by selling or promoting your own or other people's digital products such as online courses, manuals or ebooks.

Such margins are often significantly higher than for physical products due to lower manufacturing costs. Since there are no rents for warehouse space or offices, there is more money left over from sales for marketing and thus scaling the business model.

We have been running our own websites, affiliate & online portals for over 20 years, since 2000, and have the expertise to identify and build data-driven successful business models.

If you too want to build a second leg on the Internet, position yourself as an expert in your niche or launch your own affiliate program, contact us today. Our databases will help you identify the right niche for you, keep track of your competitors, and establish contacts with media and press representatives for greater media visibility.

You are interested in building a side income and distribute our products within our affiliate program? Here you will find all the information: https://www.fischer-data-science.com/en/partner/

Like (0)
Comment

Our offer to you:

Media & PR Database 2024

Only for a short time at a special price: The media and PR database with 2024 with information on more than 21,000 newspaper, magazine and radio editorial offices and much more.

Newsletter

Subscribe to our newsletter and receive the latest news & information on promotions: