If you add unrealized gains (and losses) from the stock market to your income, you might also want to consider adding gains (and losses) from the value of your apartments to income. But I think these should be in a different category named “wealth”.
So you spent all money you made in 2024 and did not put any money for yourself and wife into 3rd pillar? Did you set aside some money for larger renovations in your 2 apartments? Do you have an emergency fund with cash at hand or do you have to sell some stocks in an emergency?
I think I am being insensitive but it feels like your wife is not pulling her financial weight in this relationship.
Hi, I think I was a bit too vague with just saying “education”. To clarify this is after my masters degree. I part-timed in a relevant field during the masters and already had some internships/work experience before that. From the point where I finished my bachelors if you adjusted my salary to 100% you would probably just see a gradual increase across several years.
Going straight to 7-8k netto would definitely be a bit steep unless you are in some really high-earning career paths (which I am not).
As we leave 2024 behind, I thought it would be interesting to share our balances and reflect on our financial progress over the last year.
It can be insightful to see how others have grown their savings, investments, and overall net worth, and I wanted to see a baseline of what is common for us Mustachians.
To start, here’s a quick summary of my 2024 financial situation:
Net Salary 2024: CHF 63’200
Starting Balance (01.01.2024): CHF13’280
Ending Balance (31.12.2024): CHF66’450
Total Savings: CHF 47’370 VT ETF Growth: CHF 5’800
I was quite surpised to see how much I was able to save, even with my very low fixed costs.
My savings rate is 75% not including fixed costs.
Without the fix costs of CHF 12’000 (Tax, Healthcare, SBB, Phone), I technically have a savings rate of 92% which is kind of insane but something which makes me very happy. I am very grateful to have this situation currently and know that in the future it will be much less.
I look forward to seeing others share their final verdicts for last year, looking at just VT itself, it was a good year for us.
If I remember correctly, you are not living by yourself yet. Right?
So I think rather than looking into savings rate, you should only look at expenses which are typically called „wants“ because most likely the majority of „needs“ are covered by parents
Typically people have three segments
needs (rent, food, health insurance,other important things)
I would actually suggest to think about it the other way. You have 63k Net salary (after tax I guess?), but in reality it is more like 63k + costs covered by parents (rent, food, …). Assumed that this fraction is 1000.-/month you would have a net salary of 75k-80k with savings of 50k. Still super high (~66%), but if you move out, that’s the value I would rather try to keep, since the 75% will be crazy hard then.
However in the end it’s all just mental gymnastics anyway.
By reading and partipating to this forum, you confirm you have read and agree with the disclaimer presented on http://www.mustachianpost.com/
En lisant et participant à ce forum, tu confirmes avoir lu et être d'accord avec l'avis de dégagement de responsabilité présenté sur http://www.mustachianpost.com/fr/
Durch das Lesen und die Teilnahme an diesem Forum bestätigst du, dass du den auf http://www.mustachianpost.com/de/ dargestellten Haftungsausschluss gelesen hast und damit einverstanden bist.
which is kind of insane but something which makes me very happy. I am very grateful to have this situation currently and know that in the future it will be much less.