diff --git a/ghost-dev b/ghost-dev
new file mode 100755
index 000000000..f89eb2141
--- /dev/null
+++ b/ghost-dev
@@ -0,0 +1,169 @@
+#!/bin/sh
+
+script_location=$(dirname -- "$(readlink "$0")")
+script_name="ghost-dev"
+tmp_folder_location="/tmp/ghostfolio-dev"
+
+
+usage() {
+  cat <<EOF
+Program: $script_name
+
+Minimal helper tool to help initialize, build and start the ghostfolio 
+development environment. The tool is POSIX compliant and is usable on Linux,
+MacOS and Windows (if using WSL) as long as all project dependencies are met.
+
+By soft linking this script (i.e., using ln -s) to your path, you are able
+to execute any function from any directory.
+
+USAGE:
+    $script_name <SUBCOMMAND>
+
+SUBCOMMANDS:
+    init            Installs project dependencies, builds from source starts
+                    redis and psql and sets up the database.
+    migrate         Syncs the database schema.
+    start           Starts the server and client in the background.
+    stop            Stops all ghostfolio services with a SIGTERM.
+    follow          Follows the log files generated by the client and server.
+    status          Checks if the client and server are active and since when.
+    storybook       Runs the storybook server in the current session.
+    debug           Runs the Visual Studio server debug in the current session.
+    help            Print this help text.
+
+EOF
+  exit
+}
+
+
+ghostfolio_dev_init () {
+    cd "$script_location" || { echo "Could not cd into $script_location. Aborting."; exit; }
+    echo "(1/4) Executing: yarn install..."
+    yarn install
+    echo "(2/4) Executing: yarn build:dev..."
+    yarn build:dev
+    echo "(3/4) Executing: docker-compose --env-file $script_location/.env -f $script_location/docker/docker-compose.dev.yml up -d..."
+    docker-compose --env-file ./.env -f docker/docker-compose.dev.yml up -d
+    echo "(4/4) Executing: yarn database:setup..."
+    yarn database:setup
+    echo "Finished initiallizing the ghostfolio development environment!"
+}
+
+migrate_dev_database () {
+    cd "$script_location" || { echo "Could not cd into $script_location. Aborting."; exit; }
+    echo "Executing: yarn databse:push..."
+    yarn database:push
+    echo "The Ghostfolio database is now in sync!"
+}
+
+create_tmp_folder () {
+    mkdir -p "$tmp_folder_location"
+    touch "$tmp_folder_location/server.log"
+    touch "$tmp_folder_location/client.log"
+}
+
+start_ghostfolio_dev_server () {
+    create_tmp_folder
+    cd "$script_location" || { echo "Could not cd into $script_location. Aborting."; exit; }
+    echo "Executing: yarn start:server"
+    nohup yarn start:server > /tmp/ghostfolio-dev/server.log 2>&1 &
+
+    echo "Executing: yarn start:client"
+    nohup yarn start:client > /tmp/ghostfolio-dev/client.log 2>&1 &
+    
+    echo "Follow the logs by running the script with '$script_name follow'".
+}
+
+start_storybook () {
+    cd "$script_location" || { echo "Could not cd into $script_location. Aborting."; exit; }
+    echo "Executing: yarn start:storybook"
+    yarn start:storybook
+}
+
+get_process_pid () {
+    search_term="$1"
+    ps -e -o %p, -o %a | grep "$search_term" | grep -v "grep" | head -n 1 | cut -d',' -f1 | sed --posix "s/ //g"
+}
+
+terminate_process () {
+    search_term_pid=$(get_process_pid "$1")
+
+    if [ -z "$search_term_pid" ];
+    then
+        echo "Process '$1' is already dead, skipping..."
+    else
+        echo "Sending SIGTERM to: $1 (PID: $search_term_pid)"
+        kill -15 "$search_term_pid"
+    fi
+}
+
+get_process_status () {
+    search_term_pid=$(get_process_pid "$1")
+    
+    if [ -z "$search_term_pid" ];
+    then
+        echo "Process '$1' is not active."
+    else
+        pid_start_time=$(ps -p "$search_term_pid" -o lstart=)
+        echo "Process '$1' (PID: $search_term_pid) has been active since $pid_start_time."
+    fi
+}
+
+
+finish_ghostfolio_dev_server () {
+    echo "Terminating Server:"
+    terminate_process "yarn start:server"
+    terminate_process "nx run api:serve"
+    echo "Terminating Client:"
+    terminate_process "yarn start:client"
+    terminate_process "nx run client:serve"
+    echo "Terminating Server Debug:"
+    terminate_process "yarn watch:server"
+    terminate_process "nx run api:build"
+    echo "Terminating Storybook:"
+    terminate_process "yarn start:storybook"
+    terminate_process "nx run ui:storybook"
+    
+}
+
+open_dev_loggers () {
+    create_tmp_folder
+    tail -f "$tmp_folder_location/server.log" "$tmp_folder_location/client.log"
+}
+
+dev_server_status_overview () {
+    echo "Server Status:"
+    get_process_status "yarn start:server"
+    get_process_status "nx run api:serve"
+    echo "\nClient Status:"
+    get_process_status "yarn start:client"
+    get_process_status "nx run client:serve"
+    echo "\nServer Debug Status:"
+    get_process_status "yarn watch:server"
+    get_process_status "nx run api:build"
+    echo "\nTerminating Storybook:"
+    get_process_status "yarn start:storybook"
+    get_process_status "nx run ui:storybook"
+}
+
+start_vs_code_debug () {
+    cd "$script_location" || { echo "Could not cd into $script_location. Aborting."; exit; }
+    echo "Executing: yarn watch:server"
+    yarn watch:server
+}
+
+case "$1" in
+    init) ghostfolio_dev_init ;;
+    migrate) migrate_dev_database ;;
+    start) start_ghostfolio_dev_server ;; 
+    stop) finish_ghostfolio_dev_server ;;
+    status) dev_server_status_overview ;;
+    follow) open_dev_loggers ;;
+    storybook) start_storybook ;;
+    debug) start_vs_code_debug ;;
+    help) usage ;;
+    *) echo "Invalid command. Execute '$script_name help' for all possibilities."
+esac
+
+
+