Starting investing late - how would you accelerate?
I'm 49M. Most of my adult life the money went elsewhere - obligations, studying, the house - so I'm starting the serious investing part late and I know it. State pension only starts at 67 and it'll be small like 1k + inflation. I want to stop working at 60, roughly 11 years to build, then a 7-year gap to bridge before any state pension.
Where I am: newly built energy efficient house (I pay like 50eur for heating in the coldest months for heating) without a mortgage + I have an apartment in the city center paid off, which is renter 600p/m and the income in reinvested in vwce/webn. I have around €70-75k invested, mostly an all-world ETF plus a bit in a pension wrapper + 15k emergency (will increase it to 20-25k). Cash flow is decent now can invest 3-5k p/m, but I am a freelancer and things change all the time I have no idea how things are going to be in a few years.
Taking into account my actual pension portfolio is not decent, wanted to ask your suggestions how would you accelerate? And when and how should I slow down when I am closer to the retirement age.
Thank you in advance for any thoughts, takes, or even random ideas. I’m open to expanding my perspective, even with the craziest suggestions, and I’d also really appreciate any wisdom from people who have been through something similar.
Wishing wealth and good decisions to everyone here! 🤗