Living at 100,000 euro as a private individual?

Suppose you are in your mid-30s and you value free time more than luxury and status. Assume you have liquid assets of around 100,000 euro…

Now you could stay in the hamster wheel and use the money for real estate or invest it permanently.

But if you think about it more carefully… You only live once, you are only "young" once. Why should you spend these precious years in the hamster wheel when you don't have to, why not buy yourself a few years off?

I'm not talking about just watching Netflix for years, just doing what you enjoy. A bit of travel, learning languages, maybe an instrument, reading, healthier living, maybe one or two projects to earn something. But only because you want it, not because you have to.

EUR 100,000 is a ridiculous amount. It doesn't bring anything.

But you can have a nice year. If you stay relatively humble.

With 100,000 euro you won't get a real apartment in any major city!

You may be able to live relatively well with the money for 4 years. If you don't live too big

A nice year? Can't you handle money or what's going on?

I also thought about such a time frame. Don't need a city apartment…

100,000 euro can quickly become 200,000 euro within a year. But maybe not by classic investing no, not that.

You want luxury and status. It costs!

Particularly depends on the living situation. I currently have 12,300 monthly rent.

Is that so? Tell me more.

I can do it in five minutes. Set everything to red on roulette.

I've never heard a person pay so much RENT… Wow.

Are you counting 12,300 warm rent?

And, where do you live?

Did you rent a castle?

That would rarely be stupid

This only works with high-risk businesses that run the risk that everything will be gone in the end. If it wasn't, everyone would be rich. Because for every profit you make, someone else makes a loss.

I wrote that free time is more important to me than luxury and status.

Yes, that's right, but you could get around 30-50% returns with ETFs or, quite trivially, equity investments. Especially in the current situation, some stocks have fallen extremely, and I speculate that they will grow as mentioned above. Tesla could increase by at least 15%, I think more towards 30% and with high-frequency trading you can always get a lot of money anyway.

Or lose that much. That is the crucial message.

However, with sufficient knowledge and good investments, almost impossible. Realistically, the worst thing that can happen is a 20% minus, but that is very unlikely.

With 100,000 euro you can maybe live a good time, let it rip, or you can continue to live just as before and at least have money in old age so that you don't have to rely on anyone.

Many then become greedy and want more, speculate and lose in the end and have nothing left.

What would you want to buy yourself out of?

In the current situation, you should think a little further and rather put some money aside.

But everyone sees it differently and I still think:

if you can't deal with little money beforehand, you won't make it with a lot of money.

I've been doing this without working since I was 42. A base of 400,000 euro is sufficient to make a good living from the earnings.

Nobody needs a private yacht, Lamborgini and such spinning mills. A paid house and a new car are perfectly adequate.

And if you have lived on 25,000 / year so far, you do not spend 100,000 euro, even if you have the money. Then the avarice comes through.

If you know what your health insurance company wants from you, your other insurances and how high your monthly fixed costs are, you can calculate it yourself.

I guess you can't live on it at ALG2 level for more than three years.

That would mean an average return of 25%. It's just nonsense. As I said, whenever someone wins, someone else loses. But the discussion is idle, there will be enough idiots to fall for this "get rich soon" scam.

May I ask you put your money somewhere, or is it just in your account and just using it sparingly?

Of course, he doesn't reveal that!

The fact is, however, that investors are lied much fatter about their successes than anglers, big game and apron hunters.

Of course, he doesn't reveal that!

The fact is
that investors are lying much fatter about their successes than anglers, big game and apron hunters.

I'm used to being mislead for my posts. The fact that I was accused of dishonesty before I answered is new to me. Do you always do that?

Approx. 60% is in real estate that is partly rented (apartments, garages), 40% is overnight money. I keep the overnight money in order to be able to strike at bargains. I still have a small loan that I will repay early next year.

You give the impression that you are living off the income of a total of 400,000 EUR.

Of these, 60% (240,000 euro) are invested in "partially" rented properties and 160,000 in overnight money. On the latter you currently lose 2% purchasing power annually and from the rental yield from your still leveraged 1-room apartments you can only achieve a pitiful income as a rental shark.

Only as a rental shark

You should wean yourself off judging prematurely. I bought the apartments that I still have in stock at the beginning of the 2000s. There was just the hype about the new economy. Back then nobody wanted to buy apartments, especially not in a structurally weak area. Return always more than 10%. It stayed that way.

Overnight allowance. On the latter, you currently lose 2% of purchasing power annually

Might be.

Did you read that

I keep the overnight money in order to be able to strike at bargains.

That is more than offsetting the 2%. Last year it was Acker that I bought for 28,000 euro and sold for 125,000 euro. Doesn't always go so well, but I don't have to worry about small change and "2%".

In the meantime, the 400,000 euro has meanwhile become significantly more.

Now drink a schnapps and relax again.