A moderate salary increase every two years can lead to a high additional income until retirement.
(Photo: dpa Picture Alliance / zerocreatives)
Dusseldorf Not much is known about German millionaires. There are around 1.5 million of them in this country. This is the result of the annual “World Wealth Report” by the management consultancy Capgemini from the past year. However, the study does not say how these people got their money.
Hardly anyone knows how to actually become a millionaire. This circumstance leads to the fact that ordinary workers find it impossible to ever have that much money in the account.
Martin Wehrle is much more optimistic. He is one of Germany’s best-known career coaches and says in a video guide: “If you are in your early 30s, it is quite possible that you will earn more than a million extra through salary increases until you retire.”
He shows how this can work using a simple calculation:
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