How much money do you have on the edge?

Well, it depends on the situation; if you have kids and they quickly want a new car, you should have 30,000 ready

ops:

I find the addition "quickly" interesting; it makes the whole thing even more amusing

Even if I had the money and my kids wanted a have a new car, I wouldn’t think for a second about buying it for them. Contributing something towards a used one for 2-3k is sufficient. Buying a new car alone is an economic disaster. As soon as you drive off the dealer’s lot, the car already loses 30% of its value. So, with a 30k car, it’s like burning 9k immediately

But to each their own

lg

Uh, hold on a second, I have to work hard for my money,

I never said otherwise. But it just seems that you get quite a bit more salary than others here. [[[[[And the rest of us also work hard, we probably just have a different job or a more tangible salary. Whether someone works hard or harder, I’m not going to judge here – and it’s not possible anyway. But “working hard” or “soft...” is not rewarded accordingly (just look at nursing, for example). In that respect, you’re probably paid above average for less hard work ]]]]]
I put that in brackets because it is off topic.

Everyone should spend their money, no matter how they got it legally, on whatever they want. That’s their business. And it’s also up to each person how much percentage they save or don’t or spend on rent or a house.
That applies to you just as it does to Steffen or Yosan or me.

But it’s just ridiculous when someone comes here and thinks they have to have 20... 60... or 100,000 stashed away. That puts them at the center of the discussion without having understood the thread. The number says nothing.
Net salaries are comprehensible and logical. Everything else is not.
And not even that says anything, as you can see from some: if you count your “stash” annually and then put half of it back into financing, what remains of the “stash”? Or imagine someone takes all their savings at the end of the year and puts them into financing. Does that mean they have no stash? That means 0, and that’s the goal...
Everyone has a surplus somewhere: one 5%, another 50%. At 50%, the probability is higher that more money is fed back into the economy. End of story.

Someone here mentioned a dick-measuring contest – and he’s right. This thread is worse than the car thread.

Uh wait a moment, I have to work hard for my money, so please no prejudices. I never said that everyone has to buy a car for their child. Steffen80 is a millionaire, I’m just an employee and normally mortal.

I don’t know Steffen80, but maybe he also worked hard to be a millionaire. And you are certainly not the only one who works hard. I dare to bet that it’s rather the opposite. People working in social professions e.g. nurses etc. work very very hard and unfortunately do not earn accordingly, and others who sit in an office turning some numbers here and there call their work "hard" because it is highly paid.....

But they just don’t get it,

You and the "other" faction can simply be accused of corporate blindness. The perspective is just different.

In my experience, however, among the wealthier, the fear of social decline is much stronger than among the middle class. Often significantly more risk-averse.

People people people...what's going on here? Why am I a millionaire? My definition of a millionaire is someone who really has a million..in the bank or in stocks etc. But not in the house. That is not tangible/useful. I now have a few hundred thousand saved up...but because of my self-employment. My income can drop to zero within a short time and then fixed costs of >10,000 EUR per month remain initially. It takes a while until those are reduced. And certain costs (e.g. 1400 EUR PKV per month) cannot be reduced at all. The loan burden of ~900 EUR is laughable in comparison. For this case, I want to have money for 2..3 years. In addition, I get NO pension because I have NEVER paid into the pension fund. So I have to provide for old age and an owned house is not enough. So I really don't feel like a millionaire.

PS: I come from very humble origins and have indeed worked for everything on my own. In my early 20s, I even had a few months of rent arrears because the apprentice salary barely covered living expenses..

So I'm definitely doing something wrong. Just 10k at 6000 net

You probably also don't have close to 100 times your net salary as "debt"..

For example, I didn't mention explicit numbers, only percentages, because that's easier to read. But if you know the numbers behind it, you'll realize that not everything that glitters is gold.