Of course it's a great goal to be financially free at 50 - but a lot can happen in 20 years :)
How many millions do you need to be able to put your feet up at 50?
How many millions do you need to be able to put your feet up at 50?
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@Alpalaka I once did a calculation and somehow ended up with €600,000. Tax wasn't taken into account here and it's not realistic anyway. But at €2 million, it would definitely work.
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@Iwamoto If your custody account is now €100,000 or more and you weight all 3 pillars equally, it should work.😉😎
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@Alpalaka
Now stay true to your strategy
Now stay true to your strategy
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@Iwamoto
Okay, taxes not included. ✅
But: Have you taken inflation or the loss of purchasing power into account?
If the 600,000 would be enough for a 50-year-old today, then a 50-year-old would probably need around 900,000 in 20 years' time.
[...by the way, I don't believe that 600,000 would actually be enough, but that's a completely different consideration - but not unimportant if you're actually striving for so-called financial freedom]
Greetings
🥪
Okay, taxes not included. ✅
But: Have you taken inflation or the loss of purchasing power into account?
If the 600,000 would be enough for a 50-year-old today, then a 50-year-old would probably need around 900,000 in 20 years' time.
[...by the way, I don't believe that 600,000 would actually be enough, but that's a completely different consideration - but not unimportant if you're actually striving for so-called financial freedom]
Greetings
🥪
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