Yes, a decision with balls, indeed. But not an option for me. Two problems in one share. One is the share itself and the other is the problem of not being able to pay the loan! As a self-employed person, I have also invested in my company with loans from time to time and this also has tax advantages in some cases. But I only did that in the first 10 years and it's not necessarily comparable. After that, I only invested/spent the money I had earned. There comes a point when you're just happy that you don't have any more debt. Even if it can be untactical at times, I for one sleep better then. It's probably also down to age ;-) The wild times are over.
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@schlimmschlimm thanks Frank for your feedback, I'm going to be self-employed as an occupational therapist next year, what do you do?
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@Therapeut With pleasure! At the moment I'm in a quiet phase, so I'm doing virtually nothing at the moment :-) After 30 years of self-employment, I have liquidated my company and am currently in the process of investing a part of it here and familiarizing myself with the topic of investing. Unfortunately, I've neglected it for the last 20 years. I'm doing a bit of renovation work on my house and my partner's house. I currently live off my rental income and also want to build up a bit of a dividend portfolio. I did IT for 10 years, mainly hardware, networking, MSCP training and switched to printer consumables in 2002 after hardware became increasingly difficult. At that time it was due to Aldi PCs and Media Markt. That didn't exist in the 90s when I started. As I said, I had a wholesale business for printer accessories for the last 23 years. But we also recycled the empty cartridges ourselves, i.e. the well-known refilled cartridges that you've probably heard of, only industrially remanufactured, e.g. with special filling machines. Of course, we have also sold original cartridges from HP, Epson, Samsung etc.. It's part of being a wholesaler that you also sell OEM goods. We were a full-range supplier. We had around 5,000 items in our range. We had two online stores, one for dealers and one for commercial end customers etc. etc. I'm now 56 and looking for new challenges, but only small ones ;-)
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•@Therapeut Of course, I wish you every success with your planned self-employment. It's definitely a good decision at 25. My advice, just be careful with debts, the pressure can become endless.
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•@schlimmschlimm That sounds very exciting Frank, it sounds like you've made the right decision in life💪 Of course, take things slowly, take more care of your health and also try to invest in a long, healthy life. And enjoy every day
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•@schlimmschlimm thank you very much, yes I have enough pressure already😂 especially too many thoughts, but it will work out, I am extremely motivated and have been working half my life towards it.
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•@Therapeut Absolutely! Exactly that! As they always say here "that's the way"
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•@Therapeut I can well imagine that, it's not getting any easier at the moment. I didn't have many of your worries in the 90s. But being a therapist is a great profession. I've always enjoyed working with people, which was a clear advantage in IT. But keep at it, you won't be able to avoid the difficult times. But my saying has always been "Doubt in victory is no excuse for giving up the fight". With this in mind...go for it!
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•@schlimmschlimm this is the way😂
The saying comes from the series Mandalorien (StarWars)
The saying comes from the series Mandalorien (StarWars)
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•@schlimmschlimm thanks for the quote 👍
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@schlimmschlimm then successful investing is just the thing. It's ideal as a small challenge.😉
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