It isn't about "if" it is about "when"

This Blog Post was originally published on adagia.org.

I was joking with a coworker about retirement age. If I remember correctly, the "normal" retirement age for men in Austria is 65, and for women, it is 60. So another 38 years of working for me, but I don't want to work that many years.

You can retire earlier in Austria, but that would mean your pension is drastic. Quick research says if you retire early, you lose an additional 5,1% per year. So ten years would mean losing 51% of your yearly grant. And if I remember correctly, you don't even get the last paycheck forever when you enter pension, but only 80% of it.

Anyway, I told my coworker I plan to retire at 40. 13 years. How am I going to do that? That is a good question I don't have an answer to yet.

I think I'm betting way too much on cryptocurriencies, but if something would make me rich instantly, well, in 13 years, it will be my crypto holdings. I already x7,5 my investment on the crypto.com Coin. Sure those funds are locked, but at the current exchange rate I'm getting around 60€ per week from it. Well, not exactly, I get 60€ worth of CRO per week of it which I could instantly convert back to "real" € (or fiat as they say).

The CRO Coin currently resides along the 40 to 50 Eurocent mark. I bought into it at around 12 to 15 Eurocent (well and also bought it at 80 Eurocent). But the main thing here is the cost average. With my obsession on statistics and tables I calculated (all buys, sells, cashback and rewards) my cost average for CRO is around 6 Eurocent or a factor of x6,66 to the current price.

Is it foolish to set high expectations at one investment? Yes, but it currently pays off. And it is fun joking around with coworkers about what we would do if CRO would it 10€ or even 100€ or 1000€ per coin (which would make me a two-digit millionaire) one day.

But as I've outlined in previous money posts, it isn't my sole investment and I hope that maybe one of the ETFsI've got in my portfolio at least makes some significant "progress" over the next 13 years.

One thing I want to promise when I "make it" and abrahamKim is still around doing this platform, I will write about it. :)