A week in Hamburg, Germany with a household income of 228,942 USD
Was there an anticipation for you to take part in university formation? Did you take part in a form of university formation? If so, how did you pay for it?
Yes, but to be honest, I never really thought about doing something else. Everyone in my year also learned it, so I did it too. I also wanted to study something where I could work internationally and in a wide range. I made my degree abroad that was paid by my parents (including housing). I grew up in a very privileged bladder, but my parents always reminded us – and if we wanted the same lifestyle, we would have to work for it.
What conversations did you have about money? Have you informed your parents/legal guardians about finance?
No, not at all.
What was your first job and why did you get it?
My first job was an internship in my father’s legal practice when I was 16 years old. It was not paid and I did it for the experience.
Have you worried about money that grew up?
When my parents divorced, I remember the tax advisor who came home and had negative connotations with it. My mother had a savings account for me and my brother, but I remember that she asked us whether it was okay for her to liquidate it because she needed the money. It was about 7,466 US dollars and I must have been at 12. On the other hand, he often said “I have no money” if we wanted something as children, and it somehow made me aware of it financially, so I would always save all my money because I was worried. I went to a private school, went on several holidays all year round and had a roof over my head and food on the table, but I still felt more comfortable when I had my own money.
Are you worried about money now?
I am worried about keeping my lifestyle when I retired or make the same things available to my children that I grew up. Although I earn very well, we live in an HCOL City and I have the feeling that we can’t get a nice holidays-for example for a week in Greece, a four-star hotel would cost $ 5,685 in summer alone. These things were much cheaper than I was younger, and I have the feeling that I could have a two -week vacation in Maldives with flights for this money in the early 2000s.
At what age do you become responsible for yourself financially and do you have a financial security network?
Probably when I started my first job, I lived for free in one of my father’s apartments so that I could save some money to carry out the bar test. In my second job I paid for everything myself, although my father helped me deposit my apartment before I started this job. My financial safety net would probably be my husband M. and my parents.
Do you have or have you ever received a passive or inherited income? If so, please explain.
I received about 3,700 US dollars for an accident that I was in my 20s (I used it for travel). I also received random cash bits like 1,705 US dollars for my 18th birthday or my father gave M. and $ 7,000 to buy our kitchen. My father always says my brother and I are his investments and that’s why I consider all my training, living space, etc. as an inherited income. I will probably get something when my parents come by, but I hope they live until they are 100, so I don’t count on anything.