M28, lower middle class background (no financial support from family), started investing early. Now earn total net comp p.a. ~€75k. Have €125k in ETFs.
Situation: from my income I save €36k p.a. In ETFs. I save a further €7k p.a. for short term goals (holidays, …). My employer contributes another €6k p.a. To my pension fund.
It feels great to be in this position. I feel like I am Able to break free from my family’s ‘lower income background’ and that I could build significant wealth.
Yet I dont have any specific goals with my portfolio. I dont see myself retiring early (take a lot of pride in my work). I dont see myself withdrawing anything from my portfolio (would feel like a ‘sin’ since it was a pain to build EDIT: the pain is in the fact that i had a much higher savings rate earlier). I do like the optionality it gives me.
So I am asking myself, how far to go with adding to my portfolio? Even if I stop investing now, I’ll be fine for retirement. If i invest more, I dont think it will really lead to ‘fuck you’ kind of wealth before age 50 or 60 (which seems so far away). On the other hand i’ve always liked cars and for example would have fun to waste e.g. €1k/month on a sports car.
Anyone who is/was in this situation? How do you balance living now vs creating optionality for later? What kind of goal or level of portfolio did you work towards?