7Mes·

100k - I'll add my name to the list.

So much in advance, if you had told me 10 years ago that I would be writing a post in a hotel room in Shanghai today in which I record my first €100k, I would have thought the person was truly overambitious.


10 years ago, I started my vocational training as an industrial clerk and I was at a point in my life

where I had absolutely no idea where it was going to take me.


After the apprenticeship, I was no wiser, only 3 more years had passed and so I started my first job as a raw materials buyer, also due to a lack of creativity and a lack of alternatives.


That same year, I met the woman of my life and, as luck would have it, for the first time in my life I had someone who believed in me and my abilities, so I ventured off to university to try my luck as an industrial engineering student.


I quickly realized that I wasn't one of the smartest students on the course and so for 5 years I had to spend up to 12 hours in the library doing calculations while also working 20 hours as a student trainee. During this time, however, I realized more and more about my own abilities that I was capable of more than I would have believed myself. I often thought about quitting and doubted it, but I always got up again after some extreme failures. Some of the smarter ones left university and so I learned that the world belongs to the hard-working and persistent and that these skills are worth far more than pure intelligence. I was also shown how important the environment is for personal success.

You can see from my example that sometimes all you need is one person in your life who believes in you and keeps building you up.


After 5 years of studying, I was now confident enough to believe that you can do anything. The course itself didn't really teach much theory, this realization was much more important. My growth came about in times of absolute powerlessness in the face of the situation. 💡


My advice to my 20-year-old self would be to find someone who believes in you and surround yourself with positive people, not yes-men, but people who give you energy back, even when times seem bleak.


Now 10 years later, I'm at a level by my standards that I can write this post about my first 100k as a globally responsible buyer, a small thing for some people, but a huge step for me and my starting level.

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74 Commenti

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I always find it a shame how some people talk down HUNDREDS of thousands of euros.
That's a damn big chunk of money that not many people outside our bubble save up in their lifetime.

Congratulations to you, let's get the snowball rolling.
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@Der_Dividenden_Monteur you're right, sometimes you just have to zoom out once to realize that everyone has different start levels and how much this sum already is. Thank you for your congratulations! 🎊
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@Der_Dividenden_Monteur True words. Reaching 100k under your own steam - at a comparatively young age - is quite a feat.
When it comes to the pension gap, for example, you have already almost closed it (if you simply leave the money in your deposit account until 65).
Particularly in Germany, where salaries diverge much less than in the USA, for example, it is not easy to reach this amount early on despite a good education.
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@Der_Dividenden_Monteur true... absolutely true. ☝️ pause for a moment and let it sink in
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@KevinE Well, you could also turn it around and say it's rather sad that so many Germans can't put any money aside. Apart from that, the 100k can be almost all of his assets. My aunt also thinks she is poor but forgets that she owns a Mercedes Benz and a property that is probably worth 2 million these days. It's probably no different for other people. Often no value is attributed to material objects
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@topicswithhead That's basically true. But it always depends on what the assets bring you.
For me, cash flow is crucial. Whether I drive a Porsche, Benz or Dacia makes no difference. Sure, I can still sell them in an emergency.
But imagine a 3 room apartment (80m2, built in 1970) owned by an old couple, the Huber family. Both 70 years old, living in Munich, good location. When they bought the apartment in 1985, it was still affordable for both of them, although the wife took a long career break to bring up the children (1 child).
He doesn't have a high pension either - his body didn't last long enough and he had to retire at 60. As the apartment building in which they live is now over 50 years old, there is a lot of renovation work to be done, including the roof.
The Huber family has made many friends and acquaintances in their neighborhood over the past decades. They know each other and support each other.

However, money has become increasingly scarce since coronavirus. High inflation means that their pension is no longer enough.

The apartment is worth €600,000. They could get this money tax-free as they have lived in the property forever.

But they also know that an apartment in the same area (near their friends, etc.) is expensive. They quickly pay €1,600 cold for a comparable quality of living, and rent increases are to be expected. With rental costs of around €20,000 per year and any necessary care costs in the future.... To be continued.

Don't get me wrong, this fictitious Mr. and Mrs. Huber are of course not doing badly. But just because they have 600k in assets (and an unquantified value in pension entitlements) doesn't mean they can live like a pig in a poke.

If someone in Schwerin has an apartment of the same size, valued at €200k, and a €400k deposit, they may be able to afford considerably more.
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Next stop: 200k🚀🚀🚀🚀
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@Ueberzeugterkapitalist now it's just beginning! ♥️
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I take my hat off, a great milestone! Here's to the next 100k🍻
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@NPC_TRDR Thank you! Hopefully they'll go faster now 🙏🏻
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Congratulations @TaubeSmash:-) I'm at around 80,000 and want to reach 100k in 29 months
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Congratulations and hats off
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@Crashkid80 Thank you very much!
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Gratuliere 🙏
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@Tono Thank you! 🙏🏻
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Congratulations 🥳
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@stefan_21 Thank you very much! 🍻
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Super! Congratulations! And keep up the good work!
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@DusselDuck Thank you very much! It goes on continuously!
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Congratulations ! 🤝🏻🥂
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Awesome, continued success🤲📈🚀
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@Therapeut Thank you! We did manage it earlier with the 💯 🍾
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Congratulations ❤️-lichst! And regarding the passage in the text about studying: I feel you! 😎
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@cashcrash Thank you very much! Everyone has to experience it for themselves! 😅
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Congratulations on your milestone 🙌🏻
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Super performance 👍🏻 keep it up
The hardest 100k are done 🙌
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Brilliant rise, congratulations! ❤️💯 I always believe in myself first and foremost 😄🤝
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And the end of the road is still a long way off. I wish you continued success and all the best for your family. 🥳
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Congratulations 🍾 I'd be grateful if I ever hit the 10,000 mark for my milestone🙈
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Congratulations 🎉! I'm currently in a very similar situation to yours. I'm finishing my commercial apprenticeship next summer and don't really know what to do next. Thanks for the inspiration and motivation 👍🏻
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Legend, carry on ❤️
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The most important thing is that you have learned your lesson. Not many people can say that about themselves at this point. And of course, congratulations on this milestone! Here's to really getting the ball rolling! 🎉
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Congratulations and continued success!!! 👍🏼
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Schapo! The journey continues...
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Wow, congratulations on hitting the 100k milestone! This incredible achievement is all thanks to your determination and never giving up. You truly earned this moment, and it’s so inspiring to see your hard work pay off.

Thank you for sharing your journey and motivating others to keep striving for their goals!
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Congratulations
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Congrats, have fun in Shanghai! It's a great city. 👍
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Very strong! Great trip!
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A powerful story. Congratulations.
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Great, keep it up! And I can only say, find someone who believes in you. And always keep at it!
And I think it's super cool how everyone can share their milestones here, motivate others with them & everyone confirms you here. Strong, strong, strong!
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Great story!!! I like it, keep it up
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Nice to meet you!
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Great, due to price gains I have also slipped over 100k this year. Now I'm aiming for 200k
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