Can we afford this? Income / Investment / Equity

Then just leave it at looking around and don't interfere with the adults. Maybe you'll still learn something - spelling and grammar still show some deficiencies.

yes, I simply do not see the point in paying interest at the bank ... when I can manage without it ...

thanks for your post ... now I know that I definitely do not want a house like that. Thanks

And that someone with 10k net income here doesn’t seek help or rarely seeks help is also clear.. because they afford a professional for every specialist area.

Aha. How do you come to that?

Having money comes from keeping money.
A principle that helps enormously to break into such income brackets.

Does a person become a millionaire by blowing all their cash? I certainly don’t think so.

Here, a savings rate of 10k monthly is mentioned, opposed by a “lousy” 500k loan. Much more would be possible; the palace could easily be twice as expensive – but that’s not how people with money think. At least not if they want to continue being “people with money,” because otherwise they quickly become “people with debt,” and not just with 20-30k like on RTL2, but with two more zeros.

I like the comments from
Sometimes a bit high-flying, okay, but refreshing. Just a different perspective.
I also find it good to emphasize that “more money” doesn’t just come (workload), but is also linked to risk (business model no longer supports). These are burdens that very few are willing to bear. But whoever takes risks can also seize opportunities. Sometimes it works out, sometimes not.
I myself was self-employed for several years, similar to Steffen, and can only say: income was great, but always in my mind “is the next project coming?”. Plus the workload, in my case travel effort (Mon-Thu hotel). Then the first child came and I hung it up. Income more than halved.
The desire for an own apartment was there intermittently, equity was also available thanks to the corresponding savings rate (kept driving a Polo instead of a Porsche, ...), but did anyone want to join financing? Forget it. You can forget the brokers right away; you fail the screening, it’s too complicated. Only a local savings bank was willing to join, but only with extremely strict controlling (moving all accounts to the savings bank, etc.) and at least 40% equity please. Repayment at least 5%, which does not fit at all with possibly irregular income. So inevitably rented further. No other way.

Thank you Alex85

A bit OFFTOPIC: I've already written this somewhere here before... if someone came around the corner tomorrow and offered me a well-paid civil servant position (permanent), I would immediately ask "Where do I have to sign?!". Even if many things would no longer be possible then (expensive cars, expensive vacations, etc.). But I claim I can do without that. I've known all that already anyway Only time is really valuable... not possessions. It may sound strange coming from me... but I really mean it.

Five years ago I earned my money completely differently than I do today, and in five years I will also have to earn my money differently than today That much is certain. Of course, I haven't told the bank that As a one-man show, I am highly flexible and can adapt to the market very quickly. An agency with 20..30 employees (who often count among my clients) finds it much harder.

Regards, Steffen

Aha. How do you come to that conclusion?

Having money comes from keeping money.
A principle that helps enormously to break into such income brackets.

Does a person become a millionaire because they blow all their cash? I certainly don't think so.

Here a savings rate of 10k per month is mentioned, compared to a "measly" 500k loan.

.

Where I derive it from, for example, my boss is building at the same time. With all the bells and whistles. Of course, you won’t become a millionaire if you squander everything, but at some point, a Polo just isn't enough because the money is simply there. Especially as Stefan so nicely says, in 5 years it will look different for him. I also speak from experience, I was self-employed from 2002 to 2013 with an "internet cafe"; until 2008-09 those were rosy times, after that, well, it wasn’t always enough to pay all the bills. Managed to jump into the industry into a well-paid 40-hour job. Be glad that you stayed down-to-earth, but the more secure your job and income are, the more "relaxed" you spend the money.

... but the more secure your job and income, the more "casually" you spend money.

No! That may apply to some people, but certainly not to everyone. I, for example, know very well how long I have to work for 1 euro net. Therefore, I think very carefully about what I spend that euro on. Rhineland greetings