Where to put money? Long-term financial planning including real estate

Then I am not surprised that everyone still needs support from their parents.

Not need - get! Our little one will have it much easier too

I haven't read all the answers, but even if you write that a reduction in working hours is out of the question because work is fun, you should maybe still think carefully about that.

Here are a few food for thought:
You yourself recognize that you have enough money and don't know what to do with it anymore. So why accumulate even more? What is that supposed to achieve?
Your children are small, and I would use the time with them. But you can't do that if you work full-time and have a "side job." Think about how much time you actually spend with your children and if that is everything, how your children are supposed to see you.
In my immediate surroundings, unfortunately, some people have died far too early, and so I no longer take it for granted to spend my time with those I love. Both parents regret not having taken more time for their children, as do adults among themselves.

Imagine something bad happens tomorrow, would you do everything exactly the same again? If not, change it while you still have time.

I also really like working and have always worked a lot and earned well for our standards here in the countryside, but since the children have arrived, priorities have changed.

I haven't read all the answers but even if you write that reducing working hours is out of the question because you enjoy your work, you should perhaps think about that exactly.

A few food for thought: You yourself recognize that you have enough money and don't know what to do with it anymore. So why accumulate more? What's the point? Your children are small and I would use the time with them. But you can't do that if you work full-time and have a "side job." Think about how much time you actually spend with your children and whether that is everything, how your children should see you. In my immediate environment, unfortunately, some people have died far too early, and so I no longer take it for granted to spend my time with those I love. Both the parents regret not having taken more time for their children and adults among each other.

Imagine something bad happens tomorrow, would you then do everything exactly the same? If not, change it as long as you have time.

I also really like working and have always worked a lot and earned well for our circumstances here in the countryside, but since the children have arrived, priorities have changed.

I see it the same way Time you never ever get back For me, family and time have by far the highest priority

I would also like to revisit the topic..

Through an acquaintance, I learned that someone will soon be selling a small retail store on short notice. It is located on the ground floor of a condominium community. So in a mixed-use building of commercial and residential.

Now we have been brainstorming a bit and thought that a retail store might be a good idea to somehow place our money. Investing in ETFs or stocks or similar is difficult for us because we have zero knowledge about it and also "fear" that we might make wrong decisions in that regard.

Personally, we think that a business consisting of one room, a WC, a small storage possibility and about 60 sqm would not require as much effort for renovations, maintenance, etc. as, for example, an apartment.

The ratio of purchase price to currently generated rent is just under 17.

My theoretical knowledge, or everything I could quickly read on the internet, says that anything under a factor of 20 is a good thing..

How do you basically assess this?

How do you assess this fundamentally?

Basically, stay away from commercial properties in a shared ownership. Smaller shops have an immensely higher risk than residential property. This is also reflected in the purchase price. Commercial tenancy law, VAT, re-letting, energy efficiency, etc.

Now we have been brainstorming a bit and considered whether a retail store might be a good idea to somehow invest our money. Investing in ETFs or stocks or similar is difficult for us because we have zero knowledge about it and also “fear” that we could make wrong decisions in this regard.

But are you completely fit in commercial renting? Can I ask you questions about that? If you can answer both with “No,” better take ETFs – the risk is more broadly diversified there.