How much money is in your savings account? We order a different Dutch person every week. Because even though we talk more and more about money, we never talk about how much we earn and save. This week: 21-year-old Tim, whose work has made him realize money isn’t everything.
profession: nurse in hospital
net income: 2200 EUR
living situation: Apartment for sale with his girlfriend
Team Savings Account
Tell me, how much is in your savings account?
“My savings account is not a fat pot, about 1,000 euros. However, in addition to my savings account, I have several different investments, worth about 15,000 euros.
This is self-deserving, as I have not received a benefit or the like from parents or family. I want to use the money for later. I don’t have a specific goal, but it makes better profits than the bank. I know I don’t use investments to retire early or work less. I feel happy and satisfied with the work I do.”
Are you happy with that?
I certainly do not resent this, because I can live well with my salary. If something happens, I’ve built a good buffer.”
How much do you save per month?
“Every month I invest 500 euros in the S&P 500 and save about 350 euros.
I can put this amount aside, among other things, because I do not own a car, which was recently declared a complete loss. Since I was using the car for amusement trips and didn’t really need it, I didn’t buy a new one. I’ve been living without a car for about four months now and I’m fine with it.”
Have you ever withdrawn money from your savings account?
“There are unexpected expenses every month that sometimes require me to withdraw money from my savings account. I usually make up for it again the next month, but sometimes I don’t. The savings account and checking account are not separated by a thick line, and I think every Something will be fine.”
Do you consider yourself good with money?
“It’s hard to say about yourself. If you look at it rationally, I think I can handle the money well. I bought an apartment, no debts (but a mortgage), no study costs, no big expenses and no car.
I am currently doing a university education that is 100 percent funded by the hospital. Not only the school fees, but also my books and my travel to school and work.”
How did you manage to buy an apartment in the frenetic housing market?
“This is a special story. My girlfriend and I wanted to rent from a former neighbor who lived in the same place we wanted to live in. At first we wanted to rent, because our relationship is relatively early on. We’ve been in a relationship for about three years now.
Having looked at the rented house, we agreed to take the house if we didn’t see anything else. The rent will be around 1200 euros per month, which is reasonable this time…
After we walked out, we passed a house for sale, right next door to the rental house. It was within our budget. I looked at my girlfriend and said, “Shall we ring the bell? No you have… Yes you can have it.” My girlfriend was a little hesitant, but we eventually rang the bell.
The resident came out and asked what we wanted…and with a slightly trembling voice I said we’d like to look inside because we’re interested, just without the estate agent. Upon entering, there was an instant click between us and the old residents.
They made another visit a few days later. If it doesn’t work out and they don’t bid too much, we can take the house. The people watching didn’t do much about it and we got the green light.”
What do you want to change about your financial situation?
“I want to increase the savings reserve to 2000 euros. It just makes a better feeling. However, the tax money will come soon and I will be much higher than 2000 euros again.”
What is your best financial advice?
“Money is not everything. I have been watching daily videos on how to make a lot of money fast and with minimal effort since I was 16 years old. Earn 10,000, 20,000, 50,000 or even 100,000 euros per month behind your laptop by, for example, Find things on AliExpress and offer them at a higher price on Bol.com.
I believed in him and gave myself up for the money. Since working full time in the hospital, I see patients who are either inpatient or underage and have very short life spans.
In such moments, I always realize: enjoy your life and do what you want. When you die in a hospital bed, it doesn’t matter how much money you have. It is ultimately about your memories and experiences. This thought reminds me daily not to underestimate nice things.”
Sierra Savings Account (24): I want to enjoy life now
You can find all articles from this series here. You can find other useful articles about money and a job here.
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