Dusseldorf Many people occasionally dream of quitting their job and just doing what they feel like doing. Followers of the so-called FIRE movement (“Financial Independence, Retire Early”) have developed strategies to make the dream of early retirement come true.
Markus Hinterberger, chief reporter in the Handelsblatt investment team, has dealt intensively with the topic and, using fictitious case studies, has calculated how much one would have to earn and put aside each month in order to be able to afford such a life. “Frugalism is the cornerstone of early retirement,” says Hinterberger.
>> Read the big analysis here: How early retirement at 30, 40 or 50 works
An earlier pension is not possible without a frugal lifestyle. In addition, a large proportion of one’s own assets must be invested in order to achieve the goal. “In the beginning, you should invest fully in stock ETFs,” recommends Hinterberger. One should try to represent the global economy in the form of ETFs.
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When calculating future financial requirements, one should also take care to consider inflation-related loss of purchasing power and insurance costs.
O2 tariffs are increasing significantly
Also at Handelsblatt Today: Telefonica Germany has announced significantly higher prices. The basic prices in mobile communications are to increase by up to ten percent for group brands such as O2 or Blau in the spring. In the second part of the podcast, Handelsblatt reporter Philipp Alvares talks about the reasons for the planned price increases and asks whether other providers could soon follow suit.
More: Telefónica Deutschland increases prices by up to ten percent
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