middle life crisis - Sense of wealth accumulation

1Semana

@Brazzo_Muc thanks Kalle!!! Yes I will do that, I will also make sure that I create memories 😊 all the best to you too!!!

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Metis@Metis

1Semana

I'm 30 and hardly know what to do with my life. I only started investing a few years ago and the previous years cost me an enormous amount of money (former roommate unwilling to pay...)...

I often enjoy my job, but my colleagues are annoying because they make my job much more difficult. And I'm too dependent on the income to be able to just say "Tüddelüühhh you wi**ers!".

And I honestly don't know which area I would like to change to. So many job titles on job search portals don't tell me anything at all about what they mean.

So the primary goal with my portfolio is to become a little more independent of my job income. Will I be able to achieve this in the near future? I have no idea, I'll see.
But then I would have time and the necessary reserves to simply try things out.

That's my approach.

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1Semana

@Metis I can understand that very well! With enough capital, you can leave your job straight away if you're not doing well. Money also gives you the security that you won't starve after you say "Tüddelüühhh ihr Wi**er" and leave and gives you courage. Hopefully you will soon be independent and that you have good colleagues with you!

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Metis@Metis

@Esperanza Thank you very much, I'm working on it! But I'm still a bit away from your savings... so a lot of patience is required.

Be grateful that you are already investing now, your future self will thank you for it. I would have liked to have started earlier with the knowledge I have today, but yoar. Dad always said that the stock market is the devil's stuff and for a long time I thought that too and that it would be too complicated for me ("Girls are math nerds!" my old math teacher used to say...). In the meantime, I'm learning more and more, I understand more and more and, interestingly enough, math often works with finance (and 3D printing!). :D

In the end, significantly more people reach retirement age than die before retirement, and when I see in my neighborhood how many older people look for deposits in trash cans, even though they don't look destitute, then I know at least this for sure: not having to collect deposits in old age would be a very good goal and investing is actually worthwhile for that alone. So that you don't have to live in poverty in old age, even though you've worked all your life.

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@Metis oh great, you're a woman, so am I😊. Don't let yourself be oppressed, women are great! And yes, the older generations are a bit more conservative with the stock market. My mother also thinks the stock market is the devil's plaything. And no, she doesn't know that I invest 😂. But I'm also happy that I can take my finances into my own hands. :) I wish you lots of success with your investing!!!

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Metis@Metis

@Esperanza That's good, we are one of the first generations where women can really act on their own authority and stand up for themselves, and are also much freer from the rigid role models of our parents and grandparents. 💪🏻

Statistically, poverty in old age is mainly female and we are fighting against it by taking care of ourselves and making provisions now, in our 20s and 30s, and not hoping that the state pension will be enough. 💪🏻

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DividendenAlpaka@DividendenAlpaka

@Metis 🥰

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1Semana

I do it all for freedom. For me, that's the greatest good you can have. No dependence on a job, no dependence on an income & if I can't find a job when I'm 50, I'll just retire...

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1Semana

@DividendenAlpaka wish you every success for your freedom! :) 😊

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Tim@investorsapiens

1Semana

Freedom. Not having to exchange your lifetime for money (bills) and being able to give your child everything you never had yourself.

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1Semana

I am building up a dividend portfolio with the aim of building up more and more monthly salaries, and when I feel like it, I will pass it on to my children, who will hopefully handle it wisely and be able to build up a sustainable fortune with it and pass it on.

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teschi@teschi

1Semana

@BockaufDividenden Very good, but please remember to prepare the children for this. I know someone who (back in DM times) blew a six-figure inherited sum in one year 😖

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1Semana

@BockaufDividenden I hope that the Invest Spirit continues to be passed on and all the best for your family!!!!

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DividendenAlpaka@DividendenAlpaka

1Semana

@teschi The child is still small and will hopefully understand how to handle money soon enough and I will also prepare him for this early on.

Not like my father did with "Have a look at the stock market" but didn't explain or show or illustrate anything else. It's all far too abstract

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1Semana

@BockaufDividenden Your father was right...today you are busy with the stock market and when I look at your portfolio, not even that unsuccessful 😀

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Enrique@Dividenden_Monteur

1Semana

@DividendenAlpaka Hehe thanks, but unfortunately much too late, I should have listened to my father and started 10 years ago. But now I know how I want to do it differently. I've already thought about getting this book later:
A Dog Named Money: Playfully to Success and Prosperity

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1Semana

No offense, but at 24 you're not in a midlife crisis. At that age, I didn't know anything about investing and so I blew the money (in hindsight, I would do the same again)

You save so that you don't have to work at 67, or so that you can leave something to your descendants, or so that you don't have to count on a pension when you're old, etc etc etc. There are enough reasons to invest.

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1Semana

@Dividenden_Monteur Yes, the thing is, I'm happy with very little and my values are simply different. If it's just about me, then I can also get citizen's income, because I don't need that much. But I want to deliver. That means I can give someone protection. You don't have to move and lose your home all at once and you have a certain amount of security. Besides, spending money in Germany is no fun anyway because everything is so expensive and you get so little 🙃I can invest it all and travel from time to time and spend a bit on myself

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@Esperanza Believe me, you will "need more" at some point, it sounds to me as if you don't have any children? (maybe not married yet either?) I don't think that if we move here in our investor bubble on getquin, we could be "satisfied" with citizen's money and we need money for nice trips, for example.

More money = more time for other things

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@BockaufDividenden Yes, that's right, nobody is satisfied with citizen's income here. 😄I don't have any children and I'm not married. And yes, I like nice trips too and you need money for that 😁hehehehe

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Till@Tillmatic

@Dividenden_Monteur I'm right there with you... the things you experience when you're young are the stories you can tell when you're old.

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Stefan@Da_Fischi

1Semana

Regarding personal goals: I went through a phase like that at around your age and then walked the Camino de Santiago. It helped me immensely to organize my thoughts and become clear about what I actually wanted to achieve in my life. And on the subject of wealth accumulation, I would advise you from today's perspective: be happy and grateful that you are at your age and use the time to accumulate wealth, e.g. for your future family, because once the children are here, there won't be much left 😭

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1Semana

@Da_Fischi 🙈oha, thanks for the valuable tip! Yes I am saving very diligently for the future home.... 🙈Will invest even more from next month when I finally start working properly (from 500 to 1k per month is the savings plan from this month)

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1Semana

Hello🙋🏽‍♂️, I feel the same way, I'll be 24 in a few months, similar situation and I don't know exactly what the goal is, so of course at some point I'll stop working so much or work less or give kiddies, if it comes to that. At the moment I'm about to take a few trips and then see a bit more of the world, I'm also doing this with friends. I can recommend that to you. Keep saving as much as you can, but also live and do what you enjoy.

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1Semana

@Bizzle yes OK I also go traveling quite often XD mostly cheap trips but are enough for me (Budapest Vienna Warsaw Gdansk Hong Kong...). Unfortunately I can't spend so much money and meet friends because I live in the village and have duties at home like cooking. So I don't go out into the city for too long/often 🙈but yes, I wish you all the best too XD

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1Semana

@Esperanza That's good, I'm not away every week or month :D, but you should get out sometimes. Do your friends know you're investing?

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1Semana

@Bizzle I don't have that much joy. Only one close contact and one loose contact and yes, they both know that I invest. I have also partly encouraged them to invest and they are doing well today. (I have probably motivated more than 5 contacts to invest but don't know what's going on with them) And yes, you're right that I should get out. When I'm in the city from time to time, I also enjoy being a "teenager". Going out at night, going to events, talking to people my own age... But then I usually always feel guilty because I leave my mother and brother at home. My mother is a single parent and has certain illnesses and has had an operation and needs help around the house. But I also like being out and about and finding my identity for my age... It's also a dilemma for me.

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1Semana

@Esperanza then you're doing everything right, trust me, get people on the right track and be there at home:) everything is right, get out now and then, do something together with the two of them. Good health to you in any case and you are a strong person.

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1Semana

@Bizzle ok thanks that's very sweet of you 🥺 I also wish you lots of success and fun in your life 😊

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1Semana

@Esperanza if you ever need someone or advice or just want to chat, please let me know, good luck 🙋🏽‍♂️

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Mila_Superstar@Mila_Superstar

1Semana

@Bizzle thank you🥺you good night too! 😊

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I would say that the meaning of life also changes dynamically in everyone's life.

After graduating, I wanted to earn 10k a month as quickly as possible - my first job showed me that some salaries are also "pain money".

Then children come along and everything changes drastically again. Not every boss is thrilled when you announce one or even several pregnancies.

Now I work more to provide a good life for my children and my family and I'm glad that I have a well-paid job that is also relatively family-friendly and produces little stress (I used to spend about six months a year abroad on business). For me, my family means more to me than any job in the world. Experiencing the world again through the eyes of a child is very valuable

I also do voluntary work because I find it more fulfilling than my traditional job.

I'm saving so that I can retire earlier or choose a job that fulfills me in a different way, but perhaps doesn't pay as much.

I know that I was still relatively "lost" at the age of 24. The first reality after university and further training. Now that I'm in my late 30s, I can say that the meaning of life is probably less spectacular than I thought back then. But who knows what's to come.

The way you write it, you're definitely on the right track. And about meeting the person: after many failed relationships, I thought it would never work out. Then HE came along and after the first sentence I knew he was going to be my man. And probably even more important: now there are the kids.

All the best for you 🩷

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@Mila_Superstar 😭😭omg how cool, now I realize a lot of things. Money is really important later on for the family and your own decisions as financial security. I think it's so great that everything went so well for you 😊I wish you and your family all the best too 🩷

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Marco@strategy_pro_958

I'm 28 and have only been investing for a few years. It still annoys me today that I didn't start earlier.

I was able to save a lot through my training and a few years of work, but unfortunately I didn't do it right. I started studying 4 years ago and got into investing through fellow students. But only small amounts.

I never received financial support from family or relatives because it was complicated or I didn't have much money myself.

My family has a conservative attitude towards the financial market and shares, which is why I hesitated for a long time.

Ultimately, I am building up assets for my private retirement provision. Less to retire earlier.

At the same time, I am also pursuing the goal of investing in my human capital.

Without financial support from family or relatives, everything is just more difficult and even more so with high rents. That makes you doubly annoyed that you didn't start earlier.

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@strategy_pro_958 Oh, it's not too late for you either. You shouldn't compare yourself with others, but with yourself so that you can always improve. It's great that you have a good attitude towards investing, you're on the right path...

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Nobody@Nobody_123

1Semana

Hm....why I invest:

I didn't know any better back then and you're already in at 24, so everything's right with you so far 👍

Primarily, it's important to me to give my child the best starting point. So that they can choose whether and what they want to do later.

It would be nice if my wife and I could still get something out of it too... cut back in old age (professionally - working hours)

And it would be a dream if I could even make it in the next 10 years and reach the Fuxx Yxx Money 😈

So I'm not interested in wealth (millions or billions) but in freedom 😏

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Chris@Multibagger

1Semana

I only trade on the stock market to prove to myself that I can also be a cool guy in this area who can achieve what he sets out to do. 😉I would be a bit late to start building up a fortune on the stock market at the age of 60.
a bit late.

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Jan K.@Jank86

1Semana

you need to run faster, buddy

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Gehebeltes-EFH@Gehebeltes-EFH

DonaldTruck@DonaldTruck

If I were you, I would answer this question independently of another person. Not a second, third, ... person will appear and you will become happy. Rather, you will find that these people will find you when you are happy. A partner will support you in what you love, you can pass on this enthusiasm to children. They are more the catalyst/driver or recipient of your passion, not the source.

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1Semana

I recently read this article. If you imagine that the earth will soon "tip over", then saving is somehow pointless. I'm always pondering this too: https://theethicalskeptic.com/2024/05/12/exothermic-core-mantle-decoupling-dzhanibekov-oscillation-ecdo-hypothesis/

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KlausDieMaus@KlausDieMaus

Mhh...above all, make a nice life for YOU with it. If there's something left over for the kids/grandma in the end, that's great, but it wouldn't be the motivation for me.

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Paladin R.@PallyRo

My guy you are 24. How the hell are you at mid life crisis when you just graduated University. You're brain isn't even fully developed yet (assuming you're a man) just keep living and stay on the good path you're on. In a few years you'll have a lot more of this stuff figured out for yourself naturally. Don't stress too hard.

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Dussel D.@DusselDuck

So midlife crisis in the "medical sense" is actually more likely to be attributed to the male population between the ages of 35-55.
From my own experience, I can tell you that, especially if you have the "5" in front of you, it's all about: you've perhaps already achieved pretty much everything. House built. Paid off the house. Brought children into the world. Raised them. Children are out of the house. More than enough provision for old age. Still successful professionally. But at some point you ask yourself the question "I've achieved everything. Is that it now? What happens next? What's next?"
A phase like this can last from several months to several years.... At some point, you get over it (at least that's how it was for me).

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Marco@Marco_91

Hello, first of all, it's great that you're even asking yourself these questions. But you could also look at it the other way around. I've learned over time that you don't always have to have all the answers to all the questions. At 24, you're still very young and you can just start saving money and later it will certainly become clear what you're doing it for. Keep going and best wishes from Nashville, Tennessee!

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Jens@flush_hatch

There's no rush.

I met my wife when I was 32. We have 2 x children, 2 x dogs, a home, combined investments, holidays abroad, good jobs.

It comes.

Even for people like me who were not financially savvy at 25, a was completely wild until I met my wife.

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Wulf@Wulf12w

Greetings,

To answer your questions:
Yes I had this feeling for a very long time in my life!

I'm 25 and have always done it with the aim of expanding the possibility of being less dependent on paid work as I get older.

And first things first,
a piece of wisdom from a friend that has helped me a lot in situations like this:

"Sometimes having these thoughts is normal.... But when a bad thought comes, when a doubt comes, just take it,
throw it overboard,
and go on enjoying your day."

Of course, this doesn't mean that you shouldn't question yourself,
I think you should have a clear line and be able to say what you can be grateful and happy for!
(A healthy family, a roof over your head, people you love, etc.)

So the motto is:
Be happy in the present!

(because thoughts about the future often fuel doubts and the future is only determined in the present anyway, so the present is more important).

Briefly about me and my personal life goals and my "why":

I currently work 39 hours in a 35-hour week, which means I build up just over 2 days off a month in hours.
This means I usually have around 60 days off per year.
My dream is to have so much cash flow alongside my main job that I can reduce it to 20 - 28 hours at some point and thus have half the year off.

I do this for myself and for my partner, who complements me and also contributes to the meaning of my life.

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Hildegaard@Hildegaard

I earned my first money at 35. The time before that was also pretty good, but with a child it becomes more difficult. Take 20,000 and go away for 12 weeks, learn a language, build yourself a bike, have a career, whatever...

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SharkAce@SharkAce

I also see investing as a kind of protection against constantly buying shit. By investing, the money is somewhere else/"gone" and then you think twice about whether you really need that €200 perfume, for example. If you still want it, you can still buy it. But then you often drop the idea because it's not necessary.

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Lukazz@Lukazz

At the age of 23, after a few human disappointments, I can say that for me the reason for living will never be another person, but being happy with myself and achieving my goals. Seeing my parents proud is the biggest goal of all. In a nutshell: I'd rather have a Porsche than "the great love" 😄

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Marty0292@Marty0292

My goal is financial freedom - to be able to do whatever I want, whenever I want and not be dependent on earned income. If that doesn't work out, then at least close the pension gap so that I can spend my retirement without worrying.

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Till@Tillmatic

I once started investing money because I had forgotten to tick a box on my income tax and had to pay a justified back payment of EUR 3000. So I started putting aside 300 euros a month. I'm self-employed, so it's perhaps always a bit more difficult when buying an apartment, but with EUR 35,000 you don't get that far when buying a flat/house at the moment... I had to bring EURO 60,000 equity with me. Hence the tip... Buy an apartment or house now. When you no longer have to pay rent (and eventually no longer have to pay off loans) you will be rich. The loan for the apartment had just expired. Instead of extending the loan, I paid the last EURO 25,000 this way. In addition, things always happen over which you have no influence (my dog has a slipped disc, for example), so you quickly end up with 5000 euros. And since I still had the feeling that there was still enough money left, I decided to get involved in philanthropy.

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Niklas@NikS

First and foremost, you do this for yourself, especially if you don't have a partner yet.
In other words, if you are happy with your life as it is now, then you can be really proud because you are ahead of a lot of people.

And I can't tell you what you're doing it for, but I can tell you that in the future everything will probably be even more expensive than it already is. So still do it for yourself. So that you can still maintain this standard of living in the future or travel or simply have fewer worries.

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