300K reached

Finanzielle-Freiheit@Finanzielle-Freiheit

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@TotallyLost I am German and emigrated there 2 years ago. I earn above average. Switzerland is a dream if you have no children and a high income. Otherwise it can be difficult

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@TotallyLost unfortunately completely the wrong idea about Switzerland -> shopping in Aldi / Lidl Suisse is now cheaper than in DE. I regularly go shopping in both countries -> other living costs are slightly more expensive (rent, for example), but not that much compared to large German cities. In contrast, the net wage is usually a factor of 2-3x compared to DE

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TotallyLost@TotallyLost

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@Finanzielle-Freiheit I live in the border triangle and I avoid Switzerland like the devil avoids holy water.
Almost everything is more expensive for an EU citizen.

If you live and work in Switzerland, you're not much better off than in Germany. (about 6% better on average)
https://www.laenderdaten.info/lebenshaltungskosten.php

Food is also more expensive, although not quite as much.
https://auf-in-die-schweiz.de/ratgeber/preise/lebensmittel-preise-im-supermarkt/

But every type of service simply costs almost twice as much.
A kebab in Zurich costs you ~€13, a kebab in Vienna ~€8

Quite apart from the fact that you almost slide into private insolvency if you forget to deactivate your mobile data at the border 😅

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Darth Vader@TheRealDarthVader

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@TotallyLost You don't have enough power to live in Switzerland yet!

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Nice, congratulations!

@TotallyLost According to hist. posts 7k EK and 4K savings rate.

So either a cross-border commuter or living at home - the savings rate is not/hardly achievable in Switzerland.

Purchasing power parity DE/CH: 1.5 -1.7

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@GeldGenie earn 7k per month net (this is not the average) live in 1 room apartment for 1500 chf

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Finanzielle-Freiheit@Finanzielle-Freiheit

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@Sua7

I'd be really interested in the budget. Even then, 4k is a lot (taxes, health insurance, food, sports/clubs, IT, replacement purchases, ....) 😊

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@GeldGenie it always depends on the salary. With 10k net you can easily save 4k in CH without children

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@Finanzielle-Freiheit Correct. But it is written about 7k EK. 😊

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@GeldGenie 1240 rent
300 health insurance
100 per month own contribution health insurance on average
900 food and care products cleaning etc
Transportation paid by employer I don't have a car
40 Internet
460 so to spend
In addition, there is about 10k net bonus which can also be invested

And net income is 7500 I have rounded off the 7k

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@Sua7 Thank you! Exciting zoom 😊👍

And cross-border commuters - so taxes already deducted? 👍

I would be missing provisions for IT, furniture, etc. No hobbies in that case either - or at least none worth mentioning?

And 460 is probably enough in DE. In CH it would hardly be a social life 🙈

Really cool how it seems to be going. Congratulations 😎👍

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@GeldGenie Cross-border commuters would still have to pay taxes in Germany

But yes, in my calculation I have already deducted my approximate taxes and social security contributions

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Marcel@xzxzx

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Respect for the performance, but would slowly sort out a bit 👍

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Hi Sua7, my goal is to have 100k by 30. How did you reach 300k at 27? I would love to learn from you. 🙈

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@Esperanza Luck is a part that should not be underestimated.

Tech shares bought 2022
Crypto bought 2023

Pluss high salary 4k savings rate

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@Sua7 😮holy, since when have you been investing 4k?

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Louis@Dellou

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@Esperanza you are also in IT, if you want to make real money (apart from self-employment) go in the direction of cybersecurity or IT manager.

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@Dellou hehe unfortunately I've already gone in the direction of Data Engineer XD but maybe Manager at some point. Let's see. I'm not trained enough for cybersecurity. But thanks for the tip! I'm glad :) What are you doing?

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Danone1986@Danone1986

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@Esperanza Working, taking risks and learning from mistakes were my points.

I don't know if it's still luck if you're constantly on the ball for several years... his stock picks aren't exactly unknown sheep so they're not just lucky hits

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Cashflow I.@Cashflow_Investor

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@Danone1986 I agree exactly. That's what he deserves because it's his decision and his assertiveness. He's simply modest XD

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Glückwunsch

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Renditebremse@100erHebel

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Stable savings rate of 2k per month on average. What do you do for a living? Is it true that you don't have to pay taxes on capital gains in Switzerland?

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The W.@thewolfofallstreetz

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@100erHebel it consultant. It depends on the taxes

I now even pay a little more on dividends than in Germany because they are taxed at the marginal rate

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Cool, congratulations! Fill up the 500k...

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Name@user24790529394

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It's cool how everyone achieves their new goals just because Donald is finally spitting 😂

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DividendenAlpaka@DividendenAlpaka

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@user24790529394 haha that's how it is and before that it gave us the opportunity to shoot in just a little more

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Congratulations - even if, strictly speaking, the 300k was reached in €, but not (yet) in CHF 😉

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Louis@Dellou

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Macher

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German1@German1

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I'm also currently in Antalya 😄

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Danone1986@Danone1986

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How is that possible? Nobody can do that with normal work, impossible! You super rich number 50% and more taxes 🐣

Stay on the ball and make the most of the opportunities that come your way! Only those who stay on the ball and work hard will get the opportunities. In 5 years you'll have the million!

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SatsStackerCapital@SatsStacker

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@Sua7 Congrats! You don't do 3a, i.e. you put everything in your own depot?

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