If you earn this per month, you can retire comfortably before your sixtieth

Well, a salary negotiation is not always easy and fun. But yes. Do you want to sit a bit cozy on your gray day? Then you need to start smart in your younger years.

And that means: earning more money and saving more money. What do you need for some luxury and peace in your life from your sixties onwards?

Stop shopping

Suppose you currently earn between 3,300 euros and 5,000 euros per month and you are in your thirties. You can still save and invest for another thirty years. With this salary, you should definitely set aside 1,000 to 1,500 euros: every month again. And you have to dare to invest those amounts again. Investing is boring, I know, but it is wise. Otherwise, your savings will be worth exactly the same in thirty years. If you invest it, there is a good chance it will be worth more. Without you having to do much for it, that is. Historically, investing yields an average of 7% return per year.

So how do you get enough money now? Think smarter. Think in challenges and opportunities, not in difficulties. Besides your regular job, you can earn extra with a side hustle, freelancing, or passive income from, for example, renting out an apartment or holiday home or online activities. Stop taking out loans that you cannot pay: work more so you can pay more and save. Make sure you are debt-free by the time you want to retire. Paying off a mortgage significantly reduces your fixed costs.

So: if you currently earn €3,000 to €5,000 net per month and can save and invest a significant portion, it is possible to retire comfortably before your sixties. By keeping your expenses under control, investing wisely, and creating multiple income sources, you are making great strides towards financial freedom. Sounds nice as a prospect, right? Just thank us on your sixtieth birthday when you are lounging on a sunny island.

Image: Netflix, Emily in Paris