Already a millionaire?
If not: Maybe 150,000 euros is enough as a goal.
An Instagram post explains how to do this with a monthly investment of 100 euros.
Getting really rich has never been easier.
At least that's what many "experts" say on social networks and give tips on how to become a millionaire - for example this young entrepreneur.
It is easy to read from the comments how much or little most users give to the sometimes quite simple advice.
In this way, 100 euros a month should turn into 150,000 – in six steps
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A hundred every month - can that really turn into 150,000 euros?
© Imago
The Instagram post by
finanztip,
on the other hand, is serious and understandable .
Even if the promise seems a bit blatant: "In 6 steps from 100 € per month.
make €150,000 net".
The tips that follow then summarize the more well-known wisdom about the not at all miraculous, but rather patient money multiplication.
Ten money rules from financial expert Madame Moneypenny
Ten money rules from financial expert Madame Moneypenny
In this way, 100 euros a month should turn into 150,000 – especially with ETFs
In six steps, 100 euros per month should become a total of 150,000 euros (source:
Finanztip
)
Sort monthly finances according to the four-pot principle - namely split into a current account and three accounts for each credit card, overnight money and ETF, i.e. relatively low-risk equity funds.
Nest egg on the call money account: Here you should have three to six months' salary ready for short-term savings goals, such as vacation or car repairs.
Open a depot – a free one at a bank or broker in Germany.
Choose an ETF: These "Exchange Traded Funds" map indices, i.e. contain shares of reputable and growth-oriented companies.
Since they don't need to be managed on a large scale, they should be relatively inexpensive.
Finanztip
also recommends a broad diversification (different countries or sectors), a fund volume of at least 100 million euros - and that they have been traded for at least five years.
Set up an ETF savings plan – and get started with 15 percent of your net salary, or rather modestly with 25 euros a month by standing order or direct debit.
If you only want to invest a larger sum once, you should be able to do without this money for at least 15 years.
Lean back and relax - and just don't keep staring at the course.
After 35 years, explains
Finanztip,
100 euros a month could become 150,000 euros.
You would have paid in a total of 42,000 euros during this time.
So that would be a solid win - if not quite the turbo path to becoming a young millionaire.
Here's the full Instagram post:
Check out this post on Instagram
A post shared by Finanztip (@finanztip)
List of rubrics: © Imago
