1Lun
Tell me, why aren't you financially free yet, even though you have just under 1.5 million?
Just asking for a friend.
Just asking for a friend.
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@Epi Well, according to my calculations, it would just about work out. But then I’d have to “cut back” here and there, and nothing much can go wrong either.
My goal isn’t to die with nothing, but at least to pass on my capital (adjusted for inflation).
My goal isn’t to die with nothing, but at least to pass on my capital (adjusted for inflation).
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1Lun
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@Creutzfeldt_Jakob I'd say more carefree. But if you want your money to last until the end of your life, you shouldn’t withdraw more than 3%. That would be “just” 45k. After taxes and health insurance, you’d be left with roughly 30k net per year. That’s hardly a life of luxury.
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@Part_Time_Joe Oh! You want a life of luxury? Then it’ll probably take forever for you to be free. That desire alone is trapping you in an endless hamster wheel. 🐹
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•@Epi If by “luxury life” you mean the Ferrari lifestyle, then no. But maybe kids in the future… that’s practically a luxury these days, after all ;)
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@Part_Time_Joe Oh well. My wife and I also had a great time with our son even when we were making less than 30k net. I think our family income was around 20k for a long time; it’s only gone up in the last few years.
Objectively speaking, you’ve been financially free for a long time. It’s just that subjectively, you aren’t yet. But that won’t change even with a higher bank balance.
Objectively speaking, you’ve been financially free for a long time. It’s just that subjectively, you aren’t yet. But that won’t change even with a higher bank balance.
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•@Epi Just asking a silly question. How did the three of you manage on 30k? Let’s say rent is 1,000 euros a month (not in a major metropolitan area). Another 500 euros for the kid? Groceries and such, 500 euros; car, 500 euros… that leaves 500 euros for everything else.
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1Lun
@Part_Time_Joe For years, it was more like 20 kPa. Apartment (including electricity) 500, child 100 (plus child benefit), groceries 400, public transportation 100. The rest went toward classified ads, flea markets, game nights, book clubs, and get-togethers with family and friends. It was nice to extend my student life. 😊
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1Lun
@Creutzfeldt_Jakob Why shouldn't it work in the city? We've been doing it in Berlin for the past 20 years. Life was free, sure, but not luxurious—at least not in a material sense. 😏
All of that is changing right now. Let's see what life is like on the other side. 🫣
All of that is changing right now. Let's see what life is like on the other side. 🫣
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