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Free activities for free time

To stay in the realms of the #simplechallenge savings challenge, here’s some ideas for free activities to do this weekend.

There are of course many more things you can do which you do not need money for. Be sure to leave in the comments what kind of free activities you like to do! I also learn from that!

Things you can do outside:

  • Take a walk. Bonus: find a dog or cat to cuddle or take pictures of things you come across.
  • Go for a bike ride. For me cycling is more of a mode of transport than a leisure activity. Still worthwhile because it gets you further then a walk.
  • Swimming in a lake or the sea. Including building sandcastles and just chilling on a towel along the waterside. Bring on that summer weather!
  • A picnic. Pack your lunch and eat it outside on a bench or rug.
  • Gardening. Whether you have a garden or a balcony or a window with a windowsill. Start gardening. Gardening is good for you, you learn to understand nature better and the energy you get from the mud on your fingers is indescribable. (Here is a video of why having bare hands and feet in the mud is good for you).
  • Request a waste grabber from the municipality and clean up the waste in your street.
  • Go for a run!
  • Make a campfire and heat up marshmallows.

Things you can do indoors:

  • A board game! Super nice and cozy.
  • A photo shoot. Do it alone or do a photo shoot together. Test the different functions of your phone or camera and learn which pose suits you best.
  • Organize a clothes swap. Everyone brings clothes that he or she no longer wears often and see what you can wear from each other. A new wardrobe for free.
  • Host a karaoke night. YouTube is full of karaoke versions of your best sing-alongs. A hilarious evening guaranteed;)
  • Call someone you haven’t spoken to for a long time.
  • Organize a potluck. At a potluck, everyone takes something to eat and you eat it together.
bread baking as free activity
Baking some bread

Things you can do on your own:

  • Create a new (party) playlist on Spotify or wherever you listen to your music.
  • Go watch the explained series on Netflix about money
  • Rearrange your furniture.
  • Clear out a closet or room (and sell what you no longer need).
  • Put on some music and dance!
  • Read a book from the bookshelf or the library.
  • Meditate.
  • Bake your own bread.
  • Prepare a dish with things from the pantry.
  • Aim for inbox zero (archive and delete all your emails until your inbox is empty).
  • Learn something new such as a language or an instrument.
  • Spend an hour with pen and paper and plan your ideal future. Or turn it into a vision board. What can you do this weekend to achieve or get closer to your goals?
  • Start your own blog about something you are good at or find interesting.
  • Spread sweet comments on social media posts.
  • Get lost on Wikipedia. Start on the home page and left click on random page and continue reading and clicking from there.
  • Fix that annoying thing you never get to like that creaking door or stain on the wall.

What free activities are you going to do this weekend?

Until next time!

Elske

How to get rich with compound interest

I want to help you save 25 euros this week because it can yield 65,000 after 20 years with compound interest! Who would not want that!

einstein
Compound interest is the 8th world wonder.

This week I invite you to do a challenge with me. I want to help you with saving and investing the first 25 euros (or more!) and grow your money tree. Do this every week and you will have saved up a wonderful pot of freedom in 20 years. You deserve it! Join the hashtag #simplechallenge and tag me in your post! @simplewithmoney on instagram.

Compound interest

Earlier I wrote about the 8th wonder of the world as Albert Einstein described it. Whether he really said this or not is unclear. That it’s true is certain! If you understand how compound interest works, then you will benefit from it. If you don’t understand it, you pay for it.

Today we are going to calculate with interest. “Ewww, numbers,  I really don’t like that. So difficult! “

Okay, I get it. Still, I ask you to calculate with me. If you invest in a well-spread indexfund, the average return over 20 years is around 8% per year. If you invest 1 euro now, it is worth about € 4.65 in 20 years with 8% growth per year. That doesn’t sound very impressive.

Invest 100 euros.

If you are going to invest 100 euros now, it will be worth 466 euros in 20 years’ time. That sounds like more fun, but it doesn’t make you rich.

1 euro investment
100 euro investment
1200 euro investment

If you invest 100 euros every month this year, that will probably be worth more than € 5500 in 20 years. Sounds better allready. Your investment has then been doubled more than 4.5 times!

I want to challenge you to do this. Deposit 100 euros every month. And if you can do that for a year, just go on and do it for 20 years in a row!

Invest 100 euros every month for the next 20 years gives you a possible return of 65,000 euros!!! You have then deposited 24,000 euros. The profit is therefore € 65,000- € 24,000 = € 41,000. You didn’t have to do anything for that, except put in 100 euros every month. Add another 10 years to this and with an average return of 8% per year you suddenly have doubled, around €159,000 in your investor account! Mindblowing!

24.000 euro investment.

Now you know how compound interest works and you can benefit from it for the rest of your life. This works the other way around as well. If you have a mortgage with 8% interest, you pay compound interest on it too! Let that sink in for a moment.

Hardcore investers

For the high flyers, I will put an example below under what happens if you save 500 per month for 20 years. I also realize that for many normal people with normal incomes this is not possible to set aside 500 euros every month. It may succeed in a season in your life, but with a family expansion, divorce, renovation or loss of income / job, it may not be very realistic to set aside 500 every month for 20 years. I encourage you to live frugally and below your means and if you have a nice salary or team up with your partner to cut living costs in half, you can certainly get very far! And of course keep reading this blog 😉 Therefore, here is the calculation to motivate you.

120.000 euro invested

Join me on this challenge! Take a picture of what you saved with the #simplechallenge and tag me @simplewithmoney.

At the end of the week we are going to deposit the 25 euros in an indexfund.

Until next time!

Elske

I am not a Financial advisor nor am I your financial advisor. I am not a trained financial professional. This blog is for entertainment purposes only.