Philipp Haidenbauer | Blog

What to do with 2000€ per Month

Philipp Haidenbauer -

This Blog Post was originally published on adagia.org.

Yesterday I bought a "Brieflos", a small paper thingy which you rip open and inside it says if you won something. The kind I bought hold the premise of getting 2000€ per Month for ten years: "Zehn Fette Jahre" (“Ten fat years”).

From the two I bought I got one with a 3€ win and another with nothing inside, so basically a net loss of 1€. I once heard the proverb, "playing the lottery is paying the idiot-tax". Sure winning is a tiny chance, but since the lotteryis somewhat state-owned here in Austria, I'm just putting the money into country development. :)

I wonder what I would do with 2000€ of tax-freemoneyper Month for ten years? It would almost double my regular monthly income, but quitting work would be idiotic. You only get ten years of more effortless living and not forever, so how could you spend it?

The second dumbest idea would be to spend every cent of it directly. So what stays? - Investing.

Although it isn't the best idea to repay my Apartmentmortgagequicker because investing would bring more returns than the interest of my mortgage is. However, putting down another 800€ per Month (I can only repay an extra of 10k per year; "extra" means additional to the regular repayment) would rapidly reduce my interest payments and thus reduce my repayment time.

That leaves another 1200€ to spend another way. 500€ I would put in my ETFs, bumping the monthly saving plan to 800€.

Another 500€ could go into my crypto portfolio: 150€ in BTC (bitcoin), 150€ in ETH (ethereum), 100€ DOT (Polkadot), and 100€ in my trading bot(I got a new "strategy" from a coworker I have to describe and implement soon).

That would leave 200€ spare. Part of them could be spent for "free" lottery tickets or sink into cigarsand whisky.

But I didn't win, so everything laid out is theoretically. Also, another factor would be if I would be if my self-control, or lack thereof, would get in the way of those plans. Maybe I will buy another Brieflos when I redeem my 3€ from yesterday.