very very strong. Butter up the next bear market and you'll be a millionaire by 50
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@Lumimyrsky thank you 🤗 being a millionaire probably won't work out with my low savings rates, but of course you're right! I'm looking forward to the next bear market. Something I've also learned in the meantime is that crises are opportunities 😁
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@Lumimyrsky I'm also dreaming of a million before I retire, and that without making continuous, relevant contributions - whether it will work out in the end .... who knows........there's still a long way to go - but I believe I can do it. That's what counts, just keep at it and persevere
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•@der_Ahnungslose
First of all: CHAPEAU! I'll use an old but still relevant proverb: self-insight (or "realization") is the first road to recovery. Sometimes it's strange constellations or situations from everyday life that make you think. Then you add a portion of longing and a bit of ambition - and you have 25k full! In any case, I wish you every success.
For me, the realization came in my mid-30s, boredom at work, below-average income, just had my 2nd child, 200k house loan...
Fast forward 2026: 8 condominiums with a total of approx. 1000€ cash flow (tenants pay off loans), 500k in the deposit, house paid off - STILL in the same job with below-average income (but only part-time), but 25k dividends, self-employed on the side, own company on the side...far and wide no inheritance or lottery winnings in sight.
I don't want to brag!!! But I can tell you that the million is not impossible, not even with an average job! By being self-employed on the side, you open up new sources of income, the surplus from which you can invest directly, because the cost of living is already covered by your main job! However, the first 100k are known to be the most difficult.
It always turns out differently than you think, the more you "do", the more people you get to know, regulars' tables, workshops, further training... The more people you get to know, the more possibilities and opportunities open up. The more you invest and the more you learn, the greater the likelihood of catching a tenbagger.
One of the things that got me started was reading "Rich Dad, Poor Dad". There I discovered the power of loans. In 2014/15, I put 3 small building society loans (no Schufa, no proof of use!) of €10,000 each into Auxmoney P2P (ø10% return) and some nice shares, we then put the income and profits into real estate and new shares - some of them went very well, but some didn't at all.
2026 will be decisive, we will probably sell 1 or 2 properties, then either buy an apartment building or a lot of dividend stocks. In 2013, I would NEVER have thought that I - with my "limited knowledge and skills" - would achieve this!
So: be greedy, but stay sensible, read, read, read - and do it!
First of all: CHAPEAU! I'll use an old but still relevant proverb: self-insight (or "realization") is the first road to recovery. Sometimes it's strange constellations or situations from everyday life that make you think. Then you add a portion of longing and a bit of ambition - and you have 25k full! In any case, I wish you every success.
For me, the realization came in my mid-30s, boredom at work, below-average income, just had my 2nd child, 200k house loan...
Fast forward 2026: 8 condominiums with a total of approx. 1000€ cash flow (tenants pay off loans), 500k in the deposit, house paid off - STILL in the same job with below-average income (but only part-time), but 25k dividends, self-employed on the side, own company on the side...far and wide no inheritance or lottery winnings in sight.
I don't want to brag!!! But I can tell you that the million is not impossible, not even with an average job! By being self-employed on the side, you open up new sources of income, the surplus from which you can invest directly, because the cost of living is already covered by your main job! However, the first 100k are known to be the most difficult.
It always turns out differently than you think, the more you "do", the more people you get to know, regulars' tables, workshops, further training... The more people you get to know, the more possibilities and opportunities open up. The more you invest and the more you learn, the greater the likelihood of catching a tenbagger.
One of the things that got me started was reading "Rich Dad, Poor Dad". There I discovered the power of loans. In 2014/15, I put 3 small building society loans (no Schufa, no proof of use!) of €10,000 each into Auxmoney P2P (ø10% return) and some nice shares, we then put the income and profits into real estate and new shares - some of them went very well, but some didn't at all.
2026 will be decisive, we will probably sell 1 or 2 properties, then either buy an apartment building or a lot of dividend stocks. In 2013, I would NEVER have thought that I - with my "limited knowledge and skills" - would achieve this!
So: be greedy, but stay sensible, read, read, read - and do it!
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