What to do with 1000-1200 euro a month

[welshhibbyParticipant 86]

Hi Guys,

Been contracting with a bank the past couple of years and for the first time in my life earned some decent money. During this couple of years I saved like the gig could end at any time and banked 50,000 euro.

It looks like I will be going full time with the bank in the next month or so which means a slight drop in wages of about 12,000 euro a year but I will get the pension and all the other good benefits.

I have done some maths on my expected wage and I will have around 1000 to 1200 a month to either save or invest. My question is what do I do now ?.

I keep my life very simple, I hardly go out drinking or for meals.

I would like to buy an apartment or house for cash in the next 5 years if possible.

thanks in advance

Welshhibby

[Mr.BlueParticipant 614]

Not sure how the market is over there but Real Estate is always a good long-term investment if done properly.

[ResidentEvil7Participant 9544]

Keep saving.

https://themanszone.webs.com/

[AussieParticipant 2509]

1200 euro a month will buy you a good time in most brothels and probably some good weed to smoke before during and after your time there.

" I feel threatened "

[xanthineParticipant 4903]

I’m making money hand over fist right now picking up extra hours literally every chance i get. Luckily i have a female coworker who is lazy and she gives me hours every month so she can basically sit around and do nothing.

Every spare cent i make goes towards repaying my student loans. I took on a huge amount of debt to get the degree and job i have now, but once I’m paid off i basically have it made. If i wanted to i could work one day a week and live better than most people.

If i didnt have the loans to pay down, I’d be doing three things.

1) i would invest as much money as i could, preferably when the market is down. I like to save my money and then sink it into whatever investments look good to me when an opportunity strikes.

2) i would put money in my 401k. Even though i am highly skeptical of the western banking infrastructure and fully expect a complete collapse in my lifetime, the tax advantage and employer match is a nice incentive. Either way I’d come out on top.

3) stock options. This can be a huge money maker if you play your cards right. I get a 10% discount off the lowest closing price of my employer, but it is a commitment in advance and i cant take my casb out for 6 months. But eventually the cash starts rolling in and you can cash out every month then reinvest in something else.

I am still paying my loans but i look at it as an investment. I invested in myself early on so i could make the money i do now, plus every dollar i pay off is a dollar i wont have to pay interest on later. But that’s just me.

If you have extra cash every month you are already way ahead of most people. Any money you dont spend has the potential to grow. That’s how you eventually become rich.

Just keep doing what you’re doing. Play it smart. Live below your means, save and invest as much as you can, and watch your wealth multiply. Being mgtow makes it so much easier…no matter how much you make, if you dont have a female parasite to support you can grow your wealth too, and eventually take an early retirement in a tropical paradise. That’s what i plan to do anyway.

Good luck.

[BritGHOWParticipant 2566]

Depends where in Europe you are, but look into any kind of tax free/efficient savings, be that pensions, ISAs whatever’s available where you are, and be sure to take advantage of any free money whether employer or government you can get as well.

Also if it’s not already factored into your plan be sure to keep some for yourself for a bit of fun, all work, no play and all that jazz

[MonkeyMindParticipant 5340]

If you’re renting, buy a house and then make overpayments on the morgage each month.

[JVBParticipant]

Just keep saving. Don’t tie it up in the market. Stay liquid and buy the apt cash. Cash is king and make sure you get a cash price not !! market value when paying cash.

Peace is > piece.

[CarnageParticipant 22113]

Aussie wrote:

1200 euro a month will buy you a good time in most brothels and probably some good weed to smoke before during and after your time there.

The worst advice ever. Investing money in a over used septic tank full o ETS?… that’s insanity. I wold not have it for free.

To those following me, be careful, I just farted. Men those beans are killers.

[BeerParticipant 11832]

You should focus on two things with it…

1. Get your monthly expenses down. Mainly, if you have outstanding debt pay it off, and if you want to buy a condo instead of paying rent, do it asap…the longer you live in a paid off place the more money it will save you in living expenses over a life time. Once you accomplish this, it gives you a peace of mind that if something happens to your job and you have to take a lower paying job you can still maintain your lifestyle unlike the people who go out and finance a huge house and a Mercedes, live paycheck to paycheck, and will lose it all if their employment status changes. It also makes #2 easier…

2. Start building passive income streams. I love to dump money in dividend paying stock…it always just feels like free money for doing nothing when a dividend payout hits my account. Some guys like doing rental properties. It really depends on your personal preferences and what the real estate market looks like in your area. It might seem like a small amount now…but doing this will help you tremendously over a lifetime. Lets just say you are 40 and making 500 bucks month in dividends, those dividends get raised 3% a year, and you live to 80…you’ll have collected hundreds of thousands of dollars in dividends over your life time.

The beauty comes in when these things combine. You take person A who is paying 1000 bucks a month in debt interest right now and won’t be debt free for 30 years, and person B who is making 500 a month in dividends right now, and compare them in 30 years…Person B will be a million dollars ahead of Person A…and Person A will literally have nothing to show for it. You want to be Person B…

[LEO THE WISEParticipant 249]

Hi,

The problem by going to buy now or sooner in the real estate is that it may take you a huge chunk of your money. Meaning you need to diversify and mitigate /spread risks.

What I would advise (but that’s my own point of view of a newbie not an expert in finance : your money is your responsibility) :
Initial investments (your current capital)

Best would be to pick some of these low risks and few high risks investments from these below

> 5-10% in gold silver precious metals
> 10-20% stock market “safest” possible (least risks : big yet healthy corporations and companies) => use the index funds if too difficult
to tailor your own (various industries diversified portfolio)
> 10-20% bonds market “safest” possible (least risks healthy growing countries)
> 5-10% crypto / high risk (need to track regularly)
> 5% loans to friends/relatives (middle risk)
> 5% high risk investments, specific business investment (only this amount nothing more)

> 5% yourself/your skills (training/learning…)
> 15% safe in the bank and cash on hand
>30% real estate (not the paper stocks but the real thing like parkings : You have not enough to buy a condo / appartment)
>5% essentials : canned food, water, supplies, tools…

*Make nearly the same ratios for your 3 months investments.
*Rebalance each XX months to keep the ratios (for the low risk big investments) .
*Use the earnings from high risks to spread them into your long term investments

I made a video about money a long time ago (but I did not go to that level of details) :

There is also a channel that is great for MGTOW’s :
MGTOW MONEY
https://www.youtube.com/channel/UC4l_02h-34rlgyUhBaUgcfQ

Kr,
LEO THE WISE

Leo the wise : Giving to all men their needed uprise My MGTOW YOUTUBE channel, first vid : https://youtu.be/Xt-tJgVUGuI

[FreedomParticipant 965]

Buy gold soveriegns and hide them well

She cheated on me ..... my fault. I showed an interest in another woman......my fault.

[SolidusXParticipant 854]

INVEST EVERYTHING IN DOGECOIN! hahaha just kidding…. really what you need to think about when it comes to investing long term is what does everyone need for sustaining life.
1. To eat food
2. To have a place to live
3. Energy

For #1 I invest in grocery chains and companies that rent out locations to grocery chains and only companies that pay me dividends monthly which I then reinvest back in at a discount. People may think that with Amazon buying whole foods that they will take over the grocery world… I highly doubt it as most people want to see and feel what they are buying to ingest especially fruits and vegetables as well as Amazon in all reality when comparing to the rest of the world is small potatos in the grocery world.

For #2 I heavily invest in REIT’s (Real Estate Investment Trusts) These are companies that have many properties around the world who rent them out to major corporations. I basically own property without the expense or hassle of owning property and make money in the form of fat monthly dividends… win win.

For #3 I heavily invest in companies that produce clean power (Wind solar etc) and or companies that make these products. The age of oil is now dead no matter what people will say and green tech and energy production is in… these companies also usually pay a healthy dividend with other bonuses.

Knowledge is power..... Don't waste your brain on bullshit

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