1Semana
DTA - you've started an avalanche. 😅
Me too. Married, 2 children - 6 and 8 years old. I'm probably a bit older than most parents. I also feel like a lot of money just 'evaporates' when you have a family. Insurance, energy costs, food, clothes, school fees, presents, tax, tax consultancy costs - it feels like everything has become pretty expensive and the money just trickles through. Going out for a little ice cream with coffee and cake, 50 euros for 4 people is gone in an instant. Vacations are similar, although we don't go on vacation very often - because it's also expensive. And I don't earn too badly.
I think building up assets has unfortunately become very laborious and an absolute marathon. But basically it sounds like you're taking the right approach. Owning instead of renting. Saving instead of consumption. Securities instead of a savings account. Keep it up and it will pay off in the long term.
I see owning your own property differently to most people here. I am first and foremost a real estate fanatic and I would (almost) always prefer owning my own apartment or house to renting. Of course, only as big/luxurious as it makes sense. It's completely logical that a villa with a large plot of land, pool and sauna costs disproportionately more and then renting is of course much cheaper. But if you buy what you have been renting in a similar way, it should pay off in the long term.
(I also still find rental properties exciting. But that's another topic in itself, of course).
Me too. Married, 2 children - 6 and 8 years old. I'm probably a bit older than most parents. I also feel like a lot of money just 'evaporates' when you have a family. Insurance, energy costs, food, clothes, school fees, presents, tax, tax consultancy costs - it feels like everything has become pretty expensive and the money just trickles through. Going out for a little ice cream with coffee and cake, 50 euros for 4 people is gone in an instant. Vacations are similar, although we don't go on vacation very often - because it's also expensive. And I don't earn too badly.
I think building up assets has unfortunately become very laborious and an absolute marathon. But basically it sounds like you're taking the right approach. Owning instead of renting. Saving instead of consumption. Securities instead of a savings account. Keep it up and it will pay off in the long term.
I see owning your own property differently to most people here. I am first and foremost a real estate fanatic and I would (almost) always prefer owning my own apartment or house to renting. Of course, only as big/luxurious as it makes sense. It's completely logical that a villa with a large plot of land, pool and sauna costs disproportionately more and then renting is of course much cheaper. But if you buy what you have been renting in a similar way, it should pay off in the long term.
(I also still find rental properties exciting. But that's another topic in itself, of course).
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1Semana
@NichtRelevant 😅I also believe in the avalanche.
And I completely agree with you on the rest. THANK YOU also for your understanding and for sharing your thoughts.
Absolutely right, the money is "evaporating".
And I completely agree with you on the rest. THANK YOU also for your understanding and for sharing your thoughts.
Absolutely right, the money is "evaporating".
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