Can we afford this? Income / Investment / Equity

Oh, no I know what I have and where I stand.

By the way, I strongly doubt that everyone with an annual income of over 200 T€ spends extravagantly... the majority I know have rather stayed grounded and display a Swabian mentality. By the way, there are also people who consume without regard to price and benefit with an income of 20 T€ - they just notice the consequences. Still waiting for the first pictures of Steffen's palace...

That was mainly a response to firecrackers. Of course, this is not a private discussion, so feel free to reply if you want...

I understand what you mean. For example, I am employed under a collective agreement. We have 35-hour contracts and overtime is taken as time off, and the typical mechanical engineer wears jeans and a plaid shirt from Monday to Sunday. I wouldn’t want a 40-hour week with salary compensation. But there are also a few people who are so passionate about their job (or whatever) that a 50-hour week doesn’t bother them.

By the way, I strongly doubt that everyone with an annual income of 200k euros is showing off... the majority I know have rather stayed grounded and display a Swabian mentality.
Those who consume without regard to price and benefit also exist with a 20k euro annual income – they just notice the consequences.

Still waiting for the first pictures of Steffen’s palace...

But the construction would have to start first. Hopefully, it will be time soon. The pictures will probably be rather disappointing since we’re building quite a normal single-family house. Certainly not small, but far from a palace or even a villa.

Showing off means something different to me... sounds a bit like boasting. I don’t do that. Neither can you tell the price of my car by looking at it, nor do my hobbies justify it.

Rich is perhaps a small family with 6,000 euros net income.

This family is certainly not doing badly, but for a reality check on the topic of wealth, I recommend taking a look at Piketty, Capital in the Twenty-First Century, ISBN 978-3406671319.

This family is certainly not doing badly, but for a reality check on the topic of wealth I recommend a look at Piketty, Capital in the Twenty-First Century, ISBN 978-3406671319.

As always, a matter of perspective, and it is only my "private, naive" definition, and I also want to feel "rich" myself. I am professionally often in India, where I experience a different kind of reality check.