Yes, the salary adjustment is here! My net salary is going up by 3.5%. A small part will be eaten up by fixed cost increases (€16), and I was also able to reduce my provisions for reserves slightly. This means that virtually the entire increase is going into securities savings plans.
From February 1, €995 from my net salary will go into securities savings plans (previously: €920). On top of this, €75 from dividend reinvestments (approx. 23% above the annual average) will be added each month.
So I send €1,070 new euros to the stock market every month, which work hard for me. And recently I've also started to reduce costs through cashback (Payback, Shoop & Co.).
Imagine the supermarket paying a small part of the sum of one of your savings plans.
In months that pay out far more dividends than the €75, I leave a small amount for the poorer months and invest the rest. Of course, these sums are not taken into account and only become apparent in retrospect.
In any case, I'm very happy with these two figures: €995 investment from my net salary, €1070 in total. When I found my way out of unemployment in April 2020 and decided to invest, I would never have thought of such monthly sums. ☺️
Why am I writing this? Because I want to motivate others to make their money work for them instead of burning it [inflation]. The money you earn at work is working time that you will never get back.
But by investing, you buy back time in the future.
Because if, for example, interest and dividends flow to you in the future, you will have an additional income that will enable you to live more freely and independently. Think about it! If I can do it, so can you. Build up your wealth and your passive income!
The next step will be to further increase and diversify your income. Earning money and the stock market: I'm totally up for it! 😍
