Financial Milestones in Germany 🎉 - How to Tell If You're Thriving Financially

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In this video I discuss:
How to Tell If You're Thriving Financially (Financial Milestones in Germany)
#ahsanfinance #expatgermany #investingingermany
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Disclaimer: None of the content in this video is meant to be considered as investment advice, as I am not a financial expert and am only sharing my experience with stock investing. The information is based on my own research and is only accurate at the time of posting this video but may not be accurate in the future.

[@ahsanfinance]

🌍 Download my Free Ebook on Financial Independence in Germany: ahsanfinance.com/FreeEbook

[@AshishOnline]

Way better content than others. Keep it up.

[@ahsanfinance]

Thanks for the appreciation 🙏🏾

[@togarladeepak7174]

Hi Ahsan, I have been watching your videos from > 3 years now. one of the reason I started investing in scalable capital.yes I never comment but I like the videos 😊 but yes about milestone achievement I would say reached 20k in scalable capital diversified and it is also my emergency fund . I experienced the use of emergency fund during job loss, I haven't sold my stocks but I took credit based on my expenses. I would suggest to make a video on Scalable capital credit. 1. credit limit based on your investment portfolio 2. how interest 6.6 % is calculated based on my withdrawal but not on limit 3. transfer wise FD interest if someone don't want to keep in scalable 4. if I invest my 3 months salary in 1st year into scalable and if I want to use it after 3 years (how 6.6 % is ok when you compare with 12% gains per year) thanks for the videos

[@ahsanfinance]

Thanks for sharing your experience and appreciation. I am not a big fan of consumer debt but in your case i think it can make sense. Also thanks for the suggestion, ill definitely look into making a video on this topic soon.

[@atomphoton5000]

You don't have to bear the burden of a job loss alone. Take a cue from the Germans: set aside just six months' worth of the difference between what you will receive from the government as Arbeitslosengeld and your gross salary. This amount will provide you with the much-needed peace of mind. Invest the rest in a private retirement insurance plan, which offers tax benefits. Use the tax refund you receive to invest in scalable capital. Next, approach a bank to get a loan for buying a house. Use your private retirement insurance as collateral to secure a low-interest loan, similar to what a Beamter would receive. This way, you can repay the loan over 45 years until you're 77 years old. This strategy, employed by the Germans, can work for you too. Follow these steps to ensure financial stability and peace of mind.

[@Lamha67]

Could you please create a video or suggest some ideas for investing emergency funds? The goal is to ensure that these funds can be accessed quickly when needed.

[@ahsanfinance]

Ideally emergency funds should not be invested. They should be kept in a Current/ Savings Account (without a lock in period) , to have quick access to funds in case of emergency.

[@Nehakumari-dc6wk]

Love to watch your videos

[@ahsanfinance]

Glad you like my content 🙏🏾

[@chand101989]

please make a video discussing whether buying property in Germany is a good decision, considering factors such as insurance, mortgage, maintenance charges, and inheritance Additionally, compare this with buying property in Pakistan and renting it out to generate passive income.

[@ahsanfinance]

Thanks for the suggestion, will definitely look into it 😃

[@chand101989]

@@ahsanfinance great thank you so much :)

[@faiq_iftikhar]

You are suggesting savings account. Is there a halal savings account? Or such a thing doesn’t exist?

[@ahsanfinance]

You can look into KT Bank :)

[@aminegergis7791]

Appreciate you

[@ahsanfinance]

Glad you liked the video

[@MuhammadUsman-pq8iz]

I would be really grateful to you if you answer my two questions: Q1) Are you a muslim? If so then tell me is this method halal? Q2) I am not living in Germany but in Italy so does it also works here?? Thanks in advance !

[@ahsanfinance]

Q1: Which Method are you talking about? If investing then there are Sharia Compliant ETFs and Stocks where you can invest in. Q2: Again if you are talking about Stock investing, then I think Scalable Capital is available in Italy

[@MuhammadUsman-pq8iz]

@@ahsanfinance I am talking about Scalable Capital. As you said ETF's and stocks are Sharia Compliant then I would definitely go for it. BTW thank you so much for sharing your valuable knowledge!

[@ahsanfinance]

Don't get me wrong Not all stocks and ETFs are sharia compliant

[@user-xb6oe3su6d]

Hi Ahsan, I have a question regarding Exchange traded Commodity (ETC) like iShares Physical Gold ETC, how are they taxed in Germany? Are they same as ETFs or do we need to do handle them differently? Thank you!!

[@ahsanfinance]

Yup in terms of taxes ETCs and ETFs are handled the same way

[@Ihtishamaarif]

Hi Ahsan, I watched your video regarding tax return and I had one question. I am a student here in Germany and I was planning to buy a phone on contract with a sim provider O2. Will I be able to claim the amount I will pay monthly as a educational expense or does smartphones doesn't include in educational expense category. Thanks for your videos as well I have been watching your videos for over a year now when I was in Pakistan. I just moved to gerrmany for my masters in April.

[@ahsanfinance]

Welcome to Germany! Yes you can claim smarthphone costs but make sure that the phone is not a luxury one ( over 952 € brutto)

[@Ahmad-cdx]

❤

[@ahsanfinance]

🙏🏾

[@Nehakumari-dc6wk]

How can we invest in Germany...is there any schemes ??

[@ahsanfinance]

I didn't quite understand what you meant here 🤔

[@adityajoshi6315]

There is no scheme to quickly get rich, but one can always start investing in ETF

[@poojakumarijha]

Hi Ahsan, can you suggest any tax consultant in Germany who can help with filing tax returns? Thanks, Pooja

[@ahsanfinance]

Unfortunately I don't know anyone personally. What you can do is google VLH+your city and find a consultant near you

[@sweetmaanu]

Emergency fund is awesome but never happened LOL

[@ahsanfinance]

I am happy to hear that you didn't have to use your emergency fund, but just look at another comment, there are people using their emergency funds in cases like job loss

[@vijk3322]

Bro what is the meaning of security transfer? When I am trying to open account in scalable capital there is option for security transfer what’s the meaning please tell me bro

[@ahsanfinance]

Security Transfer option is for those who already have a Securities account elsewhere and want to transfer their stocks to Scalable Capital. You don't have to do anything if you dont want to transfer.

[@cvkalyan]

If i start to invest E:g. 100 Euros a month in S&P everymonth. Do i scalable capital deduct some amount considering as trade everymonth ?

[@ahsanfinance]

There are 3 things you need to consider : 1. The TER of the ETF 2. The spread 3. The Vorabpauschale The TER is based on the ETF Provider, the spread is a very small fee which Scalable Capital takes and the Vorabpauschale is the tax cut by the government at the start of the year for certain types of ETFs.

[@Mohammed68099]

10% of net or brute?

[@ahsanfinance]

Do you mean for the Downpayment of a house?

[@Mohammed68099]

@@ahsanfinance I mean the monthly saving rate. it started with 10% then grows to 20 or 30. is this netto or brutto?

[@ahsanfinance]

its Net (take home pay)