Guys, it's done!
I'm in six figures at the age of 30. Today, for the first time, the 100.000€ was displayed in the Trade Republic custody account for the first time.
Without any further incoming payments, I'll reach the million mark by the time I'm 60 if I earn 8% p.a.. can be brought in. This means that from now on, my primary task is no longer to continue to save strictly or to earn some pittance through overtime, but rather not to mess it up and actually make the 8%.
Only 1% deviation from the target return corresponds to a sum of €250,000 over this investment horizon, for which I would either have to work 10 years longer or wait 5 years longer for compound interest. So from now on I am already in the diminishing marginal utility of my gainful employment. Or as John D. Rockefeller put it: "Better to spend an hour thinking about money than an hour working for money"
It will continue to be important never to lose money (cf. Buffet) and never make withdrawals from deposits, i.e. to be cash flow positive. However, I could also invest my future savings installments in a property or something similar.
Nevertheless, I will continue to transfer as much net income as possible to the custody account each month and gradually invest the cash in shares. I'm not counting on an inheritance.
My next interim goals are
170,000€ at the age of 35
250,000€ at the age of 40
500,000€ at the age of 50
