this post was submitted on 15 Jan 2024
173 points (96.3% liked)
Asklemmy
43822 readers
912 users here now
A loosely moderated place to ask open-ended questions
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- [email protected]: a community for finding communities
~Icon~ ~by~ ~@Double_[email protected]~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Starting investing into index fund ETFs
I only started about 3 years ago but even if I stopped putting in more money right now it would still keep paying me interests around 2000 to 3000€ each year for the rest of my life and it's 100% passive income. In my case it's all invested back into the funds though.
The second best move was starting to track my finances. It's almost impossible to not change your spending habits once you actually see where all the money is going. Almost anyone can cut atleast 100€ a month from their grocery bills by just being a little more mindfull about what you buy. That's 1200€/year or 12k€/10 years.
Yeah no. I spent about 150€/month on groceries before, now after the inflations about 180€/month. The only way to safe 100€/month there would be to skip meals.
From what you write you seem to be in the top 1-10% of people by income, and the numbers you put out only work for people in the same priviledged situation.
I said almost anyone for a reason. Just because general advice doesn't apply to you specifically, doesn't mean it doesn't apply to the average person then either.
Average monthly cost of groceries in my country in 2020: