1Semana
I'm pretty sure that the state doesn't want everyone to be financially free at 50! Who should be made to accept retirement at 70? It always pains me when I see the deductions on my payslip or in my dividends. In my egotistical bubble, I always think to myself, give me the pension contributions, I can invest them better. But that's where it starts... today's pensioners would have to be paid entirely out of taxes, and there will be a considerable number of people who wouldn't invest anything even with 800 euros more... because they can't or don't want to! I live here in Munich, and I've been looking for an apartment before! I've seen flats that were probably already paid off 3 times, with the pink colored tiles from 1970 still hanging on the wall, and the prices were beyond good and evil! And there you are not being ripped off by the state, but by your fellow human beings who still have their tax-saving model running. A bit of depreciation here, the tenant pays the loan, there might even be something left over, and after ten years you can sell it tax-free to the next lucky knight! But you mustn't forget to increase the rent (which will still be in pink). If every normal working person could afford housing, it would automatically become more expensive (supply/demand). I think we have far too many opportunities to spend money today! Grandpa didn't have that in the past, he just built a house and then had to pay off loans for years. When I was younger I still had to wear other people's clothes (not only), and today some 5-year-olds are dressed more expensively than I am! Well, I don't have children, so that's like a blind person talking about color... If you decide to have children nowadays, you have to expect that you will be restricted in many things afterwards, financially/timewise/organizationally etc.! The children are hopefully the result of a desire. I'm just imagining Klaus saying to his wife, "Come on Inge, let's save the German pension system".
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1Semana
@Dachbodentroll Plead guilty 😉
Because I've been self-employed for most of my working life, I've opted not to pay into the pension fund. If you don't spend the 'saved' money, but invest it (as it's actually intended), it's much better than being ripped off by the pension fund. You just can't go bankrupt with the company, because otherwise not only the job and the company are gone, but also the savings for the pension.
I invested in rented properties very early on, as you can get loans from the bank and leverage your equity without too much risk. The tenants have paid off a large part of the loans over time - but at least I don't have pink tiles anymore... 🤭
Because I've been self-employed for most of my working life, I've opted not to pay into the pension fund. If you don't spend the 'saved' money, but invest it (as it's actually intended), it's much better than being ripped off by the pension fund. You just can't go bankrupt with the company, because otherwise not only the job and the company are gone, but also the savings for the pension.
I invested in rented properties very early on, as you can get loans from the bank and leverage your equity without too much risk. The tenants have paid off a large part of the loans over time - but at least I don't have pink tiles anymore... 🤭
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