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When I started, the 1 million was unimaginable😳, but the longer you're at it, the more realistic it becomes. 😊I think in 15 to 20 years I could crack the 1 million mark and go down in history as the first millionaire in my family 🤣
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@Simpson and then you buy that damn power station! Or a $DHL truck
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@Simpson Above all, it's actually "simple". ETF savings plan and off you go, it doesn't have to be a million. My parents retired with -€30,000 because they didn't manage to pay off their house in old age due to unemployment. Moving is also not an option as renting is far more than paying it off now.
What I'm getting at is that my parents would probably have been happy with 100k. When they teach something like this at school, everyone manages to put aside a few euros a month for 40 years.
It could all be so much easier.
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@DonkeyInvestor oh, in the Pott they also talk about vices, yes yes.
I always thought it was a Bavarian thing. Hah!
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@Simpson depending on how long you've been at it, it's also come a long way towards you 🤣
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@Alpalaka Why Pott? I come from Freiburg
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@DonkeyInvestor then it would be a lashdr
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@Alpalaka okay, gotcha. I'm actually from Munich, but now live in Nuremberg
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@DonkeyInvestor ah, that's right. In your basement apartment
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@Alpalaka in the cellar. Without an apartment. Everything for the savings rate.
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@Simpson Thanks to inflation.