I am a guy on his late twenties. I am new to the forum as well as new to the blog. Lately, I’ve been interested in investment and the FIRE strategy and I found this is a good place to get some knowledge and read some stories from other people and get advice. There are so much information in the forum and I am trying to get as much as I can.
Lately, I opened an account with the Degiro and a 3a pillar which I did not have before, and I will put some money inside as soon as possible.
My last 5/6 years I’ve been working as a software engineer and I have a well paid job over 90k per year. I would like to still grow in terms of salary in the future. That said, during this period I was mostly enjoying my twenties travelling and spending most of the money I was making, so now I don’t have a lot of money saved in my account, I have some but not so much compared from what I read here.
Now I think is time for me to stop a bit and look for the future. I would like to address you guys some questions regarding the investments and financial planning.
I earning around 5k5 per month + the 13th salary, and I have around 2k CHF of mandatory things to pay (rent, GA, insurance, mobile phone and internet mainly)
- What would you start doing if you are in your twenties that you have not done in yours financially speaking?
- How much money should I save per year if I earning around 90/95k per year?
- Speaking of the FIRE movement, how much money should I put in degiro and 3a pillar per month?
- Aid with Financial advice: I personally have a credit card which I think I use a bit much to get some things for my hobbies. This money is always debite from my account at the end of the month putting me in a situation where I paid the mandatory 2k plus the money wasted with the credit card. Should I get rid of the credit card? I basically start using it mostly all months because I will need to get money from there as the payment (of the credit card bill) from last month get me with no money all most at the end of the day.
Thank you so much for reading me, and if you respond some of my questions is well appreciated.