Who am I?

My name is Kristi and I am a teacher. I am 28 years old. I live in Estonia. I mostly teach English and Economics at a high school. I also do freelance translating and work as a private tutor.

I have a BA in Political Science. I have a teaching degree and I’m currently working on my MA in Personnel and development.

Why am I writing this?

I want to analyze and document my financial journey, and hopefully help others do the same! Being public about my goals and ideas also gives me a sense of accountability to push myself to try harder to achieve my goals.

I also hope to see my ideas improve as time goes by and I hope to be a part of many interesting discussions about the financial world with all my readers.

Why is this blog called “Money is your friend”?

Money is everyone’s friend isn’t it? At least when you have enough of it to push the topic out of your mind which isn’t the case for most people. This is why instead of looking at money as a necessary evil that causes problems I’ll try to make my money work for me.

What do you know about money and finance?

I’ve been teaching Economics for high school students for 4 years, mostly focusing on personal finance. I also have a good basic understanding of economics from several economics classes during my university studies. I’ve also read a lot of personal finance books and personal finance blogs and forums to analyze other people’s situations and problem solutions.

I am of course not an economics expert – I’m heavily self taught, a lot of it coming from personal experience and I’m sharing my thoughts in hopes that at least others can avoid making the mistakes that I did.


Disclaimer: These are my opinions based on my personal thoughts and analysis of the material I’ve read – think things through before applying my ideas and experience to your life. What works for me might not work for you.

20 thoughts on “About

      1. And then there’s this workaround – if you click on the “Write a comment” box, it opens up a display for entering your name and e-mail address, but it also lets you subscribe and opt in for new posts via e-mail.

        I’d suggest making a post about it or mentioning it somewhere on the front page. It’s rather hard to come up with visiting other people’s blogs – having it inboxed to you works better, at least in my humble case!

    1. Hey, Taavi!

      Thanks a lot for the encouragement! Indeed, there seem to be very few financial bloggers in Estonia. Getting positive feedback, however, is what motivates people to keep going – and hopefully for others to start up!
      I’ll do my best to keep going!

  1. Kristi, I would like to get your opinion about my project to improve the quality of economics teaching in Estonian schools. Could you please send me your contacts to roosaaare ÄTT gmail.com.
    Thank you for your great work here!

  2. Very interesting blog!
    I am also chasing ”early retirement” idea (although I am six toes Latvian). Somehow in Latvia this field is more ”let’s not speak openly” topic.
    Can you touch also Estonian pension system 2. and 3.pillar from regular person’s point of view? I have read quite a lot about it but would be cool to know your opinion. And what will you do when you will hit the ”number”? For me & my friends it usually stirs up hot conversations.

    Good luck!

    1. Good to have you as a reader (six toes and all!). It is a topic that doesn’t get talked about much in Estonia either, which is why I decided to write about it online – easier to find people with similar ideas.
      I will definitely write a bit about the Estonian retirement system soon, stay tuned!

  3. Thanks for sharing your experiences. Do you plan to invest in stocks as well? Just wondering as many of the PF blogs showcase their holdings. I was in Estonia back in 2007. Had a great time visiting the Baltic region.

    1. Yes, I am building up a dividend stock portfolio as well! I made my first two purchases this year – Tallinna Kaubamaja (wholesale) and Tallinna Vesi (utilities/water). I’m doing running updates as I make more purchases. I’ll probably have to make a separate “portfolio” page once I get further into building it.
      If you were in Estonia 7 years ago, then it’s totally time to visit again! :)

  4. Thanks for the update. I look forward to seeing your portfolio page. I love to travel and have been to many places already (I listed them on my ‘about’ page) and while I would love to go back to Estonia, given a choice of a new country or re-visit one, I always choose a new place. That’s not to say I wont return ever 😉 But I had a great time going around Russia, Estonia, Latvia, Finland. I was travelling for 1 month in the region.

  5. I really love your blog, in fact I am french and I live…..in Varna, you see I did the math quickly myself (you forgot to mention the tax rate in Bulgaria by the way)

    anyway, reading your blog, I decided to put money in Bondora. I was wondering, if it was you, how much would you be willing to put it total, in fact strangely enough, I am not so worried about loan defaulting but about the whole platform going bust

    Anyway, Just thought I would drop you a line and thanks again for your bog (by the way you should consider monetising it)

    1. What an interesting set of circumstances! (Now I looked up the tax rate in Bulgaria, it’s 10%??? Wow, that is surprising!)

      With all investments you need to look at your portfolio – I’d recommend to diversifying between different types of investments – I currently have about 60% of my investments in Bondora, but I’d say that might be a bit much.

      I doubt that the site will go bust since there is so much investor money and famous names behind it. However, if you want to be relatively moderate with your risk I’d say up to 1000€ could be put into Bondora every month while keeping a balanced portfolio (with some effort). As long as you don’t put too much money into single loans and build up to 100-200 different loans in your portfolio then you should be fine. (In a dream world, if I did have piles and piles of money I’d be OK with putting in tens of thousands because the return is just that good currently.)

    1. Hey! Cool to see other people doing analysis on the data set. You draw some truthful conclusions, will definitely give people a general idea of what influences risk, but as always, one must be careful reading too much into a single aspect of the borrower, quite often the defaults arrive when a bunch of aspects converge.

  6. Hi Kristi,
    I haven’t found a search function on the site, therefore I ask:
    Have you covered the topic of HOW to practically invest yet?
    I mean using an investment account (investeerimiskonto) vs investing through one’s own limited company (some OÜ with the sole purpose of investing loans received from its owner or owners).

    Keep up the good work, it’s really interesting to read!


    1. Hey, Thomas! I have mentioned investeerimiskonto briefly I think, but I’ll keep in mind to write more about it – it’ll come up as tax season approaches. I do have an OÜ but I haven’t started investing from under it yet, so I don’t know enough yet to comment on it, but once I get around to it I surely will :)

  7. Dear Kristi,

    Thank you for taking the time to create and update your website with interesting information.

    I too am keenly investing in P2P, around 100,000 GBP currently and aim at around 200,000 some time over the next 12-18 months.

    I’m also frightfully (some might say) pedantic and felt compelled to tell you that ‘fora’ is the plural of forum. I spend much of my time in the USA now and know that telling you won’t be a waste of time, whereas here, I am ‘swimming against the tide’.

    All the best,


    1. Hey, Paul!

      You sent me down an interesting rabbit hole of anglicised spelling vs original Latin roots of words! Which ended up telling me that, while fora is correct and more often used in scientific English, then when it comes to online forums, then forums is about 10x more common. I’ll definitely kick ass if it ever comes up in a bar trivia contest :) (Alternatively, I shall confuse my students with it!)

      Cool to hear that you have big plans! That is an impressive rate of growth! UK, at least from the outside looking in, looks like a fintech mecca & US seems to be leading the way when it comes to really going big in the industry. Definitely keeping an eye out for both, as we tend to lag behind here a bit, in Estonia.

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