One of my favorite websites and even more so the Twitter account is the site of Visual Capitalist or @VisualCap. There is always something great to discover there, like for example beer prices across borders:


This example should have some serious impact on the next travel destination, right? These graphs are not only entertaining and educational, they also cover a huge amount of valuable information that is meticulously gathered and put into easily digestible perspective. Another recent example is this one:


Warren Buffet is, without doubt, one of the most successful investors of our time, but he started on a very small scale. Actually as small as most of us. What he discovered early was the power of investments and of compound interests, re-investments and patience.

The common belief that investing is only something for the rich is fundamentally wrong.

Fact is, that most people don’t have sufficient financial education. Schools tend not to focus on money as a topic in detail and parents often believe that the only way to reach financial highs is to have a sky-rocketing career. For most, saving large amounts is only possible with a similarly large pay-check.

This could not be further away from the truth. In fact, having obtained my vocational education in a German bank many years back, one of the most astounding things I noticed early on was that people with large paychecks were usually the ones with the largest debt. While they had good credit scores, they often struggled on a monthly basis to cover their cost of living and paying back credit card bills.

On the other hand, the average customers of our bank who earned regular wages but were also very diligent in savings and keeping their living cost at bay, tended to have very solid 6-digit accounts by the time they were in their 40ies. For those who invested in the stock market, this happened often even much earlier on.

You got to start and you got to keep doing it.

Understanding and realizing that every saved amount matters is crucial to reach the goal of financial independence. Even a small contribution of 25 – 50 EUR a month makes a difference and one will quickly realize that saving money makes us actually much more happy than spending money.

It helps in setting goals along the way:

  1. Goal: Reach 1.000 EUR (4 digits)
  2. Goal: Reach 5.000 EUR
  3. Goal: Reach 10.000 EUR (5 digits)

Once the goal is set, you really got to stick to it. There will be setbacks and there might be rough times when one gets really tempted to spend the stacked away cash or to sell the investments made. But as I mentioned in one of my previous articles, time is your biggest asset and patience, diligence, and perseverance are key to success.

Investing is for everyone.

The sooner you realize this, the sooner you will hit your 6 or even 7 digit target.