Retiring earlier is the dream of many Germans.
A young man wants to make it when he is 40 – and puts aside 600 euros a month to do so.
He invests the money in a strategy that only a few dare.
Retire at 40?
For many Germans, this is wishful thinking.
However, enjoying old age earlier is something that many people in this country strive for.
Retirement at 62 seems to be particularly popular.
However, this often comes with financial losses.
Trainee saves 600 euros a month – consumption comes second
Nevertheless, the number of those who do not have to go to work to make a living has increased significantly.
According to new statistics from the German Federal Office, more than 800,000 Germans do not need it at all, as they have so much private wealth from, for example, rent, interest or old age.
However, not everyone is able to do this, so some people live very modestly and consume consciously in order to save enough money to be able to retire earlier.
This also includes 23-year-old Marius Müller.
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Marius Müller's goal is to retire at 40 and travel as often and for as long as you want.
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© Kike Arnaiz/Imago
He is currently training to become an industrial clerk and already has the ambitious plan of retiring at the age of 40.
The former marine soldier therefore has two other part-time jobs in addition to his trainee salary, including as a taxi driver.
This gives him a monthly income of around 1,300 euros a month.
Since he still lives at home, he can save a large part of it.
After all, he has 600 euros available every month, which he invests in ETFs, i.e. equity-based funds.
With this strategy, he has already saved 50,000 euros, so 90 percent of his total assets are in ETFs, Müller reports to
Business Insider.
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At the same time, however, he does not have the feeling that he has to do without anything.
"I'm on the trip that I say: 600 is not enough for me, I want to invest more.
Only when I have invested 600 euros do I think about consumption.” His only passion: travelling.
He puts some money aside for this.
The 23-year-old has also infected his parents with stock fever.
Again, this is interesting because many Germans from the so-called boomer generation do not trust stocks.
Too insecure, too abstract and the great fear of losing a lot of money deters them.
Instead, many boomers swear by “concrete gold”, i.e. property ownership.
But Müller sees shares as an opportunity to quickly accumulate a large fortune and concludes: "By the time I'm 40, I want to have so much money that I could theoretically retire.
My financial goal is to have the freedom to no longer be dependent on my employer’s salary.”
List of rubrics: © Kike Arnaiz/Imago