The first salary

Sandy the Squirrel · 2025-04-22T21:14:20.284610Z

Who understands this? Today I received my first payslip after my dual study program. With vacation pay more than 4500 gross (net more than 2500). I thought I wasn't looking properly. Before that I always got 800-1000, I've never seen such a big number as today. In any case, I'm super excited and really looking forward to it 🤩. When was the last time you had a lot of income and how did you get it? PS: finally fresh money for my account. I had to get by with only 1000 euros in my account the whole time because I invested everything. Now it's finally more relaxed

Stuttgarter81@Moneymoney

3D

Very nice 👍🏻...my first salary after my apprenticeship was a few years ago and I can't remember the amount, but it felt like freedom. ... in the course of your career you will experience such wonderful things again and again. At some point, you'll earn your first five-figure monthly income - that's also a great feeling. But what I've realized more and more over the years is that you rarely get rich by working - only as an entrepreneur. The biggest profits are made with capital investments. Real estate that cost 250 K 20 years ago is now worth just under a mil. The situation is similar with share portfolios. ...unfortunately I wasn't as mature twenty years ago (now 44) and missed out on many opportunities. I'm trying to catch up now, but the compound interest effect is unbeatable - it hurts - even though we are financially free and now earn half of our income passively. But I probably won't reach the next level. So take advantage of the compound interest effect and make bold decisions. In most cases, you don't regret the things you did, but rather the things you didn't do. Good luck on your journey 🍀👍🏻

•

32

•

Sandy the Squirrel@Esperanza

3D

@Moneymoney wow, very nicely written! Congratulations to you! 😊

••

Sandy the Squirrel@Esperanza

3D

@Moneymoney What are some of the courageous decisions that have changed your life?

••

Stuttgarter81@Moneymoney

3D

@Esperanza Unfortunately, I didn't hit any and therefore didn't reach the next level - which is a pain in the rear-view mirror. But I've seen in my circle of friends and family that things rarely go wrong and that courage is usually rewarded. A good friend of mine, who had very limited means, studied business administration at a high cost and got into a lot of debt. Afterwards, he must have written 50 job applications (it was a different time on the job market back then) and nothing worked out. He wanted to file for bankruptcy and emigrate to South America. His 51st application was a stroke of luck. Today he earns 22 K gross per month with a 4-day week. ...other friends built houses at the end of the 90s. They had hardly any equity and therefore found it difficult to get financing. They went through with it - afterwards it was the lowest prices on the real estate market and what followed is history. ...I've always been financially well off. However, my family didn't become wealthy through smart decisions, but rather through hard work and sacrifice. Unfortunately, my attitude only changed 10 years ago with the birth of my son. Before that, all I had on my mind was alcohol, women and partying. It was a cool time, but I could have made a few groundbreaking decisions. In 2019, I was given a two-bedroom apartment together with my brother. We had to move out because the three of us were running out of space and I didn't want my son to grow up in Stuttgart. We then sold the apartment in the middle of Corona for a very good price. We were really lucky. The payment was made in June 2020, when the markets had already partially recovered. Afterwards, it would have been better to be brave and go all in. Nevertheless, our portfolio has performed well since then and we have also bought three small apartments as investments (with at least 100 viewings). I'm trying to catch up without taking any big risks. That's why the next level will probably remain out of reach. Which is ok, because of course there are more important things than deep pockets. All the best to you and stay brave

•

1

•

Sandy the Squirrel@Esperanza

3D

@Moneymoney That's very nice that you were courageous in hindsight and went through with things. I think that's great. It's never too late! Congratulations on the three apartments! 😊

••

Leon@Investingyoung

3D

@Moneymoney five figures??? Maker

•

1

•

Leon@Investingyoung

3D

@Moneymoney I have been investing diligently since I was 18, and not a little since I finished my education. The compound interest effect is so powerful and anyone who understands it benefits

•

1

•

Stuttgarter81@Moneymoney

2D

@Investingyoung Courage and happiness - I give it to him from the bottom of my heart, because he is a good person and when we are on the road - he takes everything on his neck 😂😂🤩

•

1

•

Pascal@Finanzios

3D

It was only this year for me. I received 21k net due to some bonus payments. 🎊👍

•

4

•

Tothemoon99@Tothemoon99

3D

@Finanzios Which profession can you do that with 🤣

••

Pascal@Finanzios

2D

@Tothemoon99 Vertrieb 😛🎊🤣

•

1

•

WhenLambo@SoonLambo

1D

@Finanzios Which industry? IT, construction? Hats off 🫡

•

2

•

Pascal@Finanzios

1D

@SoonLambo Finanzbranche 😊👍

•

2

•

Nobody@Nobody_123

3D

This year it should be a good 5000 gross dividend ☺️

And congratulations 🎉🍾

•

3

•

CD@Carpe-Diem

3D

My first salary ended up investing in the catering industry from the city with irresistible and sacred reasons 😀

•

3

•

Sandy the Squirrel@Esperanza

3D

@Carpe-Diem I'm suddenly so hungry. The restaurant's already craving it. I'm planning to invite my family over for dinner. Celebrate a bit. 😋

•

3

•

SGP@Koenigmidas

3D

My contract from 2016 was concluded at an exchange rate of 1 to 0.82 cents. At the current exchange rate of 1 to 1.07, my ❤️ = a plus of 25 cents on every franc earned without having to work more for it.

•

3

•

Alpalaka@Alpalaka

3D

Is it actually still the case that the first salary is spent in full without consideration?

•

3

•

Sandy the Squirrel@Esperanza

3D

@Alpalaka oh spending without consideration 🙈I've never done that. I don't spend everything but before that I also spent 2000 euros on a vacation for a month in Asia ;). So now I spend nothing and save a little for my nest egg. :) How did you do that?

••

Alpalaka@Alpalaka

3D

@Esperanza I remember it like it was yesterday: the first paycheck came, then we saved for three weeks and then spent it all in the last seven days.
There were three of us and we just did unnecessary things with the money. It was wild.

But it was my first journeyman's wage with €1500 net, which was a lot of money back then and made me one of the "top earners" in my circle of friends.

•

1

•

Sandy the Squirrel@Esperanza

3D

@Alpalaka That sounds really cool! 😍 How it stays in your memory you can see that every cent was spent right! 👍🏻 The memory can't be measured with money :)

•

1

•

SGP@Koenigmidas

2D

@Alpalaka I hope so

•

1

•

six@six

3D

At the time, I was earning 2000DM net after my training. I was also very happy.

•

2

•

Haberlapp@Haberlapp

3D

@six You withdrew 50 DM on Friday evening and you could party the whole weekend, go to the gas station once and the ice cream sundae on Sunday afternoon was also included :-)

•

3

•

Stulle 🥪@Stullen-Portfolio

3D

This is the way. 💪😎🚀

Congratulations 🥂

Greetings
🥪

•

1

•

Lukas98@Lukas98

3D

The Christmas bonus in December was very nice. I was on almost 9000 gross :)
So double the salary.
Have fun earning money now 🤝

•

1

•

Sandy the Squirrel@Esperanza

3D

@Lukas98 🤩wow so much! Thank you too! 😊🥳

••

Dan@fizzelfritz

3D

Congratulations, you now have the chance to reward yourself and invest (even) more money.
Please don't spend the entire delta, but don't invest it all either.
Just reward yourself with a sense of proportion and buy something and invest the rest.
Have you ever heard of the 50/30/20 rule? This information would have helped me a lot after my studies...

•

1

•

Sandy the Squirrel@Esperanza

3D

@fizzelfritz thank you that's very kind of you 😊

••

Sandy the Squirrel@Esperanza

2D

@fizzelfritz for me just 50% saving, 30% needs and 20% personal wishes 😂 in reality the latter two are even less. Maybe I'm a bit too frugal

••

Dan@fizzelfritz

2D

@Esperanza If it suits you personally, that's fine. There will come a time when the percentages shift significantly. Most of the time, personal wishes will suffer... 👍🏻

•

1

•

Sandy the Squirrel@Esperanza

2D

@fizzelfritz You mean like starting a family? I rarely buy myself anything. I only take maybe 1000-2000 euros a year to go on vacation

••

CrashBurner@Psychedelic_Sunflower

3D

It was similar for me about 5 years ago. Yesterday I was still a poor student, and suddenly a good 2.5k landed in my account. It was an unimaginable amount for me at the time.

•

1

•

Imvestment4Life@Investment4Life

3D

Last year:
The Americans invested in my employer. As an employee, I received part of the proceeds:
40,000€ cash
160,000€ in shares.

Of course, there are taxes on top of that, which leaves us with just under €130,000 net
It was very nice, of course, because I had never expected it.

•

1

•

Sandy the Squirrel@Esperanza

3D

@Investment4Life holy that's a lot of money, congratulations! 😳

•

1

•

Stephan K.@StrahlemannLP

3D

In 2009, my first paycheck as an administrator, fresh out of training, was €2200 gross, so €1400 net at the time, nowadays it's more like €1600 net. That was a refreshingly different experience after standing in the discount store and wondering whether I was really going to invest another € in food. However, it was also deceptive in that I wanted to make up for all the deprivations of the last 3 years in particular.

That's why you're making a much smarter start: let it go and build up your life bit by bit and enjoy it. I don't begrudge you that!

•

1

•

Sandy the Squirrel@Esperanza

2D

@StrahlemannLP Thank you, that's very kind of you. I wish you all the best too! 😊

•

1

•

charlene W.@fund_navigator_1979

2D

I can remember getting my first competency pay with back pay after qualifying as a firefighter. I was on a night out when it dropped (at midnight). Safe to say investing was far from my mind! Congratulations!

•

1

•

Sandy the Squirrel@Esperanza

2D

@fund_navigator_1979 du deserve that money and respect! That's great, congratulations!

••

Heiko@Schalk77

2D

Congratulations. Treat yourself to something good ;-)

•

1

•

GAE@TheRealGAE

1D

Only increase your standard of living proportionately! This is a mistake that is often made and leaves a lot of "return" when saving! :D

I adjust my savings rate "proportionately" to salary increases, but not my standard of living ☺️

•

1

•

View all 2 further answers

Marco@Plumblmp

1D

Last big paycheck I received was 2.500€, it might not look much to some but for me (21) it was mind-blowing lol

•

1

•

Show answer

Chris@Chris-1989

1D

I know that the first salary is used to buy something for yourself.
The purchase from the first trainee salary will be smaller than from this salary. If you decide to buy a watch, it will have an emotional value as well as a material one, which you, or at least I, will remember every time you wear it.
Have fun with it and remember how hard you worked for the money every time you make a nonsensical expenditure...

•

1

•

Show answer

Sara@_sara

18H

I totally feel you - I felt very similar after my dual study program. The last time I changed jobs, I just cheekily asked for €1,000 more gross than before... and bang, it worked! It was the first time I was really happy about such a change.

•

1

•

Show answer

user0e3jddwsjxu@user1d7gf8465j461735

3D

I feel the same way, I finished my studies in March and will finally be starting work in May. Could I ask what your monthly starting salary is without vacation pay? Greetings

••

View all 6 further answers

Silas W.@DynasticGrind

3D

Just don't get weak now...

••

View all 4 further answers

crypto_next_fiat@crypto_next_fiat

3D

Comment was deleted

View all 3 further answers