Invest ___ € Monthly to Retire as a Millionaire

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2 ай бұрын

Are you dreaming of retiring a millionaire? 🤑
Discover how much you need to invest monthly to achieve financial freedom in Germany, no matter your age! From the power of compounding interest to smart savings strategies, we break down the steps to secure your future wealth.
Join us as we navigate through the average German's financial journey, uncovering the secrets to building a million-euro portfolio. Learn how to leverage investments, optimize savings rates, and harness the potential of tax-efficient options like pensions and rental properties.
Whether you're in your 20s or your 50s, it's never too late to start planning for retirement. With our expert tips and insights, you'll be on the fast track to retiring as a millionaire, living life on your own terms.
Read the full article on our website:
perfinex.de/secure-millionair...
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PerFinEx GmbH - Personal Finance for Expats
The #1 English-Speaking & Independent Financial Planner in Germany
Further legal information is available at perfinex.de/impressum

Пікірлер: 15

@PerFinEx 2 ай бұрын

Free meeting with us: perfinex.de/meeting

@cenk82 2 ай бұрын

Hey PerFinEx, do you have a video about new homeowner for a rental apartment and the tax declaration of it following year? I wonder whether or not I can declare "lan transfer tax amount, notary fees, real estate agency fee" etc. 1 time payments while purchasing the apartment. The other costs like homeowners association contributions or bank interest payments etc. understood. Thank you.

@janlanik2660 2 ай бұрын

TBH the Fire column is comparing 🍎 with 🍊 because the target income at 60 changes for each age group as you compute it from the gross income at that age.

@lazyhunk2 2 ай бұрын

Germans pay one of highest taxes and social contributions. German politicians throw money all over the world but not much on working german class. In USA there options like 401k and Roth IRA to save for retirement. But german government just want to tax the working class

@UAFMeyer 2 ай бұрын

The US taxation system is much worse than German 😉

@ChristineMeier963 2 ай бұрын

When you work on something that only has the capacity to make you 5 dollars, it does not matter how much harder you work - the most you will make is 5 dollars.

@TomChandler-tc7bc 2 ай бұрын

People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.

@ddxl459 2 ай бұрын

Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.

@Chrisbergstromkibler 2 ай бұрын

Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things

@TeyimPila Ай бұрын

As an African living in Germany, they’re far better investment opportunities back home than in Germany. You just have to do your due diligence

@TechNinjanewss 2 ай бұрын

Whats the safest brokers for starters ? Do you recommend Scalable Capital?

@EslamTheWizerd 2 ай бұрын

I understand the calculation is more an illustration, but few points that I think would make the numbers more realistic 1- typically salary increase with age, so if someone is now bellow 25 and earn ~1800 after taxes some time later he will be in the second age group with much higher salary. so fixing the percent he invest on the initial salary is not realistic 2- the amount you need for early retirement again is some how calculated based on the initial age you start investing, which I don't think is relevant.

@tonynajjar4893 2 ай бұрын

Can you share the source for the salary-per-age numbers? They seem quite low

@Kelpy192 2 ай бұрын

Can you suggest some 7% or more return Investments maybe stocks or index funds?

@UAFMeyer 2 ай бұрын

S&P 500 is 12.68% over the last 10 years. MSCI World is 11.7% over the last 10 years. But keep in mind, past performance does not guarantee future results