It's funny how "relatively" small the sums are here and how little is piled up, probably typical German style.
If you ask Americans, Chinese or Australians, I'll bet you an ice cream that they'd all rather say 5-10 million capital, so that you only have to work to fulfill your dreams/fun, because they all know/get equity pensions.
If you ask Americans, Chinese or Australians, I'll bet you an ice cream that they'd all rather say 5-10 million capital, so that you only have to work to fulfill your dreams/fun, because they all know/get equity pensions.
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@Papiertiger You're right! Although life there is also a lot more expensive. But perhaps these sums are actually within the scope of sufficient capital for a good life in Germany in 2045?
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@Papiertiger I think it depends a lot on who you ask. There are a few crazy people who stopped working in their late 20s. Or in their early 30s like Mr. Money Moustache. Now in his early 50s, he has multiplied his fortune many times over since reaching Fire. But of course he also caught a great time to retire.
What I was getting at: there are also Americans who get by on USD 3,000 a month. And there are certainly Europeans who need 30,000, so I don't have to look for them.
Everyone has their own ideas about how they want to live, what they want to do themselves (cleaning the apartment (or having it cleaned) can easily make a difference of 1k / month. Some people drive a used small car, others need a Ferrari to feel good about themselves.
What I was getting at: there are also Americans who get by on USD 3,000 a month. And there are certainly Europeans who need 30,000, so I don't have to look for them.
Everyone has their own ideas about how they want to live, what they want to do themselves (cleaning the apartment (or having it cleaned) can easily make a difference of 1k / month. Some people drive a used small car, others need a Ferrari to feel good about themselves.
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•@KevinE everything is correct. There are enough who stand out from the nornal distribution and then appear especially here at gq. Anecdotally, I can also tell you about an acquaintance who got a few properties from his parents and in the boom years simply flipped one place after the other with them and by his mid-30s he was well off.
In the normal distribution, I do believe (without proof, of course) that Germans tend to stack lower on the outside 😉
In the normal distribution, I do believe (without proof, of course) that Germans tend to stack lower on the outside 😉
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•@Papiertiger You're definitely right. In Germany, wealth has a much more negative connotation than in the US. People are more interested in how you "made it".
In Germany: the successful craftsman "only earned everything in the black", successful investments "were just luck", the entrepreneur "exploited all of his employees", etc.
It seems to me that the mindset here is much more closely aligned with the social market economy than with capitalism in the USA.
I can live with both, but I don't like extremely negative attitudes (envy / resentment). The rest should be guided by a (good) state framework.
In Germany: the successful craftsman "only earned everything in the black", successful investments "were just luck", the entrepreneur "exploited all of his employees", etc.
It seems to me that the mindset here is much more closely aligned with the social market economy than with capitalism in the USA.
I can live with both, but I don't like extremely negative attitudes (envy / resentment). The rest should be guided by a (good) state framework.
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