Even as a 15-year-old dreamed Madeleine Larssonwhich today operates The Instagram account @miljonmaletabout having enough money to be able to build a house.
Together with the boyfriend and now partner Erik she managed, even before the age of 27, to save one million kroner and today they live in their newly built house where they have just installed solar panels. Here you can read more about how Madelen managed to save one million kroner.
– Immediately when we reached the million at the age of 27, we said that the next goal would be two million before the age of 35. Today I am 31 years old and we have already reached the goal of owning two million, however, we have chosen to invest the money in our accommodation so it is not money we have on the stock market or similar, she says to News24.
“Nobody should think it’s not possible”
For Madelen and Erik, the conditions for saving have changed over time.
– Today we have higher salaries than before but also another child for whom we have been on parental leave for 1.5 years. I have also been on sick leave throughout my pregnancy. So no one should think that it is not possible because the income is not high. But it is important to stand firm in one’s goal and find strategies to reduce the costs that we have found.
The next goal is to be able to go on a bigger trip, but so far no destination has been decided or a schedule defined.
The prompt: “Just get started!”
To those who have not yet taken hold of their savings, Madelen comes with a clear call:
– Just start! And think many streams small. The saving is not only for those who can work extra, do not have children or who have high-paying jobs. Saving is for all people, everyone can save based on their circumstances. A large part is about how you manage to adjust your expenses in relation to your income.
– I’ve become an expert at it, but if you’re just starting out, aim for a goal and think many streams small. And reduce your consumption, it’s a big money eater!
5 steps to save a million
The area where most people can save the most money is, according to Madelen, accommodation.
– Housing costs are generally difficult to change if you are not open to changing accommodation. Otherwise, it may be the most effective way to change your spending. If you want to stay in your current accommodation, you should look at consumption and diet.
For those who want to save a million, Madelen offers five suggestions for measures:
That’s how you venture into the stock market
In connection with the journey towards the million, Madelen entered the stock market.
– You don’t need to know a lot to start, because you can start with small amounts, she tells Nyheter24 and continues:
– There are many books and podcasts on the subject. Read and listen a little, try your way but smaller amounts and when you start to feel warmer in the clothes, you can increase later. The important thing is that you don’t invest money you should have in the shorter term, i.e. within five years, because the stock market fluctuates. So only invest money you can spare for a long time.