Great idea! I'm looking forward to finding out the background of some well-known profiles!
About me:
30 years
Civil servant
No idea - I only calculate in net - currently 110000 per year
73k exclusively in distributing assets (want to leave Germany as soon as possible) + 40k cash holdings
No hobbies: I only go to work and watch Netflix, every financial expense causes me physical pain
Expenses: Rent for my wife in Germany + 80€ per month at Lidl
General: I am a German civil servant working abroad for the EU. I receive my German salary + foreign allowances + EU foreign allowances. I deliberately chose this extremely sad life in order to build something for my family. I see my wife about 4 weeks a year.
About me:
30 years
Civil servant
No idea - I only calculate in net - currently 110000 per year
73k exclusively in distributing assets (want to leave Germany as soon as possible) + 40k cash holdings
No hobbies: I only go to work and watch Netflix, every financial expense causes me physical pain
Expenses: Rent for my wife in Germany + 80€ per month at Lidl
General: I am a German civil servant working abroad for the EU. I receive my German salary + foreign allowances + EU foreign allowances. I deliberately chose this extremely sad life in order to build something for my family. I see my wife about 4 weeks a year.
•
99
•
@RealMrKrabs Money or no money, but that sounds really sad 😢
•
66
•
My CV is pretty well known here, as I've already made it known as part of my project presentation.
60 years old, married, 1 son who graduated from high school this year and will be doing a dual course of study next year.
I've been a salesman through and through for 30 years with fluctuating income and currently average 75k a year. It used to be a lot more, but I always worked and was self-employed. I only have my current project as an investment. I spend most of my money on travel. I don't save anything. What is left over is spent. I want to enjoy the next few years with my wife for as long as I can and see a lot more of the world.
So it's totally boring and average. The only really crazy thing about me is my stock market project here and, according to my wife, myself!
60 years old, married, 1 son who graduated from high school this year and will be doing a dual course of study next year.
I've been a salesman through and through for 30 years with fluctuating income and currently average 75k a year. It used to be a lot more, but I always worked and was self-employed. I only have my current project as an investment. I spend most of my money on travel. I don't save anything. What is left over is spent. I want to enjoy the next few years with my wife for as long as I can and see a lot more of the world.
So it's totally boring and average. The only really crazy thing about me is my stock market project here and, according to my wife, myself!
•
88
•@Smudeo I was wondering when the first SOS would appear here. Do you want to say what you find so bad about it?
••
1Wk
@RealMrKrabs Finally never pressed SOS 🆘 so quickly. Do the beginners no longer dare?
To your question:
Well with the income and no average standard of living, the majority don't feel comfortable.
If you only save, you won't have more to live on afterwards - note that the shirt has no pockets.
Then you won't have more in the future than you have now.
Live now and enjoy You don't know what's coming.
To your question:
Well with the income and no average standard of living, the majority don't feel comfortable.
If you only save, you won't have more to live on afterwards - note that the shirt has no pockets.
Then you won't have more in the future than you have now.
Live now and enjoy You don't know what's coming.
•
22
•@Smudeo I understand your point of view. I'm doing without now so that my family can enjoy their lives in the future, do you understand that too? I'm not just doing this for myself.
The shirt has no pockets, that may be, but the wealth will be passed on and with a bit of luck & understanding my children/grandchildren will make something of it one day.
If you never start but always think of yourself, you only have what everyone else has.
I think it's a shame that you gave me an SOS. In my eyes, I am a hero for my family because of the sacrifices I make.
The shirt has no pockets, that may be, but the wealth will be passed on and with a bit of luck & understanding my children/grandchildren will make something of it one day.
If you never start but always think of yourself, you only have what everyone else has.
I think it's a shame that you gave me an SOS. In my eyes, I am a hero for my family because of the sacrifices I make.
•
44
•
@RealMrKrabs Hello Mr. Krabs,
I think what you're doing is very noble. The idea behind it is to build up assets as a basis, which ideally will be strong enough to live off the income. Once this has been achieved, you can really look to the future with peace of mind, as you are no longer dependent on traditional gainful employment. What's more, unlike a traditional state pension, you can then pass this basic income on to the next generation. I think that's very worthwhile and completely okay to cut back for a while and make sacrifices. I also worked extremely hard for many years and didn't take a real vacation for 7 years in a row, for example. Instead, I've been at home for two years now and only do projects that I enjoy.
Just don't forget to make a change at some point and live a little too. I think you should define the time for this so that you don't 'accidentally' miss the jump. You can set a date or an asset level for this.
-> Oh how beautiful is Panama 👈😉. I wish you every success!
I think what you're doing is very noble. The idea behind it is to build up assets as a basis, which ideally will be strong enough to live off the income. Once this has been achieved, you can really look to the future with peace of mind, as you are no longer dependent on traditional gainful employment. What's more, unlike a traditional state pension, you can then pass this basic income on to the next generation. I think that's very worthwhile and completely okay to cut back for a while and make sacrifices. I also worked extremely hard for many years and didn't take a real vacation for 7 years in a row, for example. Instead, I've been at home for two years now and only do projects that I enjoy.
Just don't forget to make a change at some point and live a little too. I think you should define the time for this so that you don't 'accidentally' miss the jump. You can set a date or an asset level for this.
-> Oh how beautiful is Panama 👈😉. I wish you every success!
•
11
•@NichtRelevant Thank you very much for the warm words! I'll take your advice to heart 🙏🏼 but I still have a bit to go through to get to where you are 🫡
•
22
•
@RealMrKrabs I personally don't see you as the "hero of your family".
My father was the same. Self-employed (freelancer), always remote (my father had one of the first ISDN connections ever). 3 customers (Telekom, Huawei, Siemens) brought in 90% of the turnover. My father on the other side (niche). He never hired anyone and completely wore himself out over 25 years.
My mother put up with it, the marriage somehow survived. Even the years when he worked 110 hours a week.
I have virtually no childhood memories of my father. There was one Saturday evening when I was about 7 when he took me to the sports field to practise full-court shots. That was the big exception.
Otherwise, work was always more important. I got to know him when I was in my late 20s, when I was already living 300 km away and his work was slowly dwindling. After that, he called his white-collar work the passive part of his semi-retirement...
I now get on well with him. Nevertheless, a father figure in my life would have been better than a shadow that I only know as he stuffs himself with as many calories as possible in 5 minutes in order to go back to work.
It was a cautionary tale for me. I'll probably inherit quite a bit when my parents are gone. But to be honest - I would have preferred to have a father (who deserves the title) than to inherit a few million at 60...
My father was the same. Self-employed (freelancer), always remote (my father had one of the first ISDN connections ever). 3 customers (Telekom, Huawei, Siemens) brought in 90% of the turnover. My father on the other side (niche). He never hired anyone and completely wore himself out over 25 years.
My mother put up with it, the marriage somehow survived. Even the years when he worked 110 hours a week.
I have virtually no childhood memories of my father. There was one Saturday evening when I was about 7 when he took me to the sports field to practise full-court shots. That was the big exception.
Otherwise, work was always more important. I got to know him when I was in my late 20s, when I was already living 300 km away and his work was slowly dwindling. After that, he called his white-collar work the passive part of his semi-retirement...
I now get on well with him. Nevertheless, a father figure in my life would have been better than a shadow that I only know as he stuffs himself with as many calories as possible in 5 minutes in order to go back to work.
It was a cautionary tale for me. I'll probably inherit quite a bit when my parents are gone. But to be honest - I would have preferred to have a father (who deserves the title) than to inherit a few million at 60...
•
33
•@KevinE Thank you for your feedback. It has to be said that we are still childless. Planning to have children is extremely difficult when you hardly ever see each other....
In German, every shot has to be a hit 😅 and who knows, maybe my view will change as soon as children are in the house. All the best for the future 🙏🏼❤️
In German, every shot has to be a hit 😅 and who knows, maybe my view will change as soon as children are in the house. All the best for the future 🙏🏼❤️
•
11
•@RealMrKrabs am in a similar phase. We're also trying at the moment. However, my wife has pre-existing conditions (including PCOS), so we don't know whether it will work at all.
In addition, my wife has a stressful job (temporary, federal authority, long commute, is only ever extended for 2 years), I also have a temporary job (automotive). We actually have a good buffer now. Just no "job security" apart from our (on paper) good qualifications.
On the other hand, there's no such thing as the perfect time - but once the train has left the station, you can't catch it. That's why we're just going to give it a go and see what happens.
What is your exit scenario? As a civil servant, can't you already do that now? Sure, you'd lose a good part of your salary. But you would probably gain a lot in terms of quality of life (both you and your wife), the chances of having children would increase... how does your wife see it?
In any case, I wish you all the best and the right decision. Unfortunately, you can only judge what it looks like ex post...
In addition, my wife has a stressful job (temporary, federal authority, long commute, is only ever extended for 2 years), I also have a temporary job (automotive). We actually have a good buffer now. Just no "job security" apart from our (on paper) good qualifications.
On the other hand, there's no such thing as the perfect time - but once the train has left the station, you can't catch it. That's why we're just going to give it a go and see what happens.
What is your exit scenario? As a civil servant, can't you already do that now? Sure, you'd lose a good part of your salary. But you would probably gain a lot in terms of quality of life (both you and your wife), the chances of having children would increase... how does your wife see it?
In any case, I wish you all the best and the right decision. Unfortunately, you can only judge what it looks like ex post...
••