From interview on propertytalk.co.nz
Daniel is the Swiss Money Wiz with a passion for finance and property. While being mentored by Dolf de Roos in 1999, he became an investor and mortgage broker. Since then he has not only bought more property than any other mortgage broker, but also helped mom and dad fund a spectacular early retirement, and many investors to become super investors.
-How did you start investing?
I met several key people when I immigrated to New Zealand from Switzerland in 1995. The first, my mortgage broker, managed to secure a mortgage for my first property with a small deposit while I was a student at Auckland University. When I sold the property three years later, I made more money than I would have made in a job. I was ecstatic, and my mortgage broker commented on the line that perhaps I should do this again. I then went on to find mentors like Dolf de Roos, Robert Kiyosaki, and Keith Cunningham to guide me to become a professional investor. In 1999 I was ready to quit my job, and I set up my mortgage and investment businesses.
-How long have you been investing for?
I started investing in myself when I was 9, and a teacher told me that I would never achieve anything. I bought my first home in 1995, relocated and subdivided an Otara property and bought two brand new properties in 1999. In 2001 my team and I lined up 26 properties for settlement in one day – I was on the fast track.
-What are your top 5 tips for investing?
- In the best of all possible worlds, what would you really want to happen? Think about what YOU want and how YOU want to design your journey in this lifetime. I’ve met thousands of people in the last seven years, and most are still in the same space because they don’t know what they really want out of life.
- Be very clear and focused on whether you want to be an investor or a saver. I have an interesting article on this topic, and it is often misunderstood. Investing is the process of building financial wealth. Saving is setting money aside now (i.e., foregoing current consumption) to spend it later. An example of saving would be buying real estate to fund retirement. Investors never really “spend” their financial capital, but continue to manage it going forward. The building process continues even as we begin to use our financial capital.
- Kiwis are excellent DIYers. Trust me: this is the hard way to do anything. Whether you want to become New Zealand’s Donald Trump or save for a spectacular early retirement with real estate, build a TEAM of trusted advisors who can guide you in achieving your dreams.
- Should you choose to become an investor you, need to know more and constantly educate yourself in a wide range of subjects. As a saver or new investor, you need professional advisors to give you advice. A professional investor, on the other hand, needs a professional advisor to help execute plans.
- Good planning is important, but effective implementation is crucial! Don’t get stuck with chasing the perfect plan or the latest fad of an investment technique. To plan for your financial future, a boring old-fashioned rental property in a good location bought today will always beat the perfect deal purchased with the newest technique one day in the future.
-Have you been through a complete property cycle?
Looking at the statistics I’m in the second property cycle now.
-If so, what experiences/ lessons have you learned during the different phases of the cycle?
I’m buying well and know my cash flow position at any time. If you focus on what you can control the property cycle is not relevant. There is no point in finding a “hot spot” if you only can predict 12 months ahead. And you’re focusing on something you can not control. For mom and dad who save for their spectacular early retirement, good advice and time will enable them to achieve their goal. The more time they have, the easier it will be to achieve their goal.
As an investor, you need to follow your master plan and adjust to the market. In this property cycle from 2000 to 2005 properties were at times going up so fast that just about any property could have been bought and sold soon after at a profit. Properties also sold quickly. In the last two years, it was more difficult to buy very well, and it took longer to resell properties. Hence, it was important to understand how this affected the cash flow position and to make sure that all mortgages could be paid on time.
-Any tips on how to survive a complete property cycle?
Execute your plan well and adjust your course if needed. Don’t listen to the Media. They’re in the business of selling bad news and not good news. Have lots of fun.
-What lessons/mistakes have you made along the way?
Some advisors had to be fired, and I waited too long.
-What strategies have you used in the past few years? Trading, buy and hold, Reno, developments, etc
Since 1999 I focused on a buy and hold and property trading strategy. I had used many of the other strategies when they offered a better solution. For example, I’ve created a property portfolio of 10 properties for an overseas investor. He qualified for finance, and I had the know how. It was a win-win situation for both of us.
-What investment strategies will you be utilizing in the next few years?
I am focusing on growing Financial Pictures Mortgages and the property trading business so that I can acquire more buy and hold properties.
I am also exploring commercial property syndication.
-What is your most recent investment experience?
I’ve been offered a buy and hold property on a 1,200m2 section in an upcoming location. It was valued at $300,000, and I had an option to purchase at $275,000. The section was big enough for three dwellings/sections. I wasn’t looking for a buy and hold / development property at the time. But I went unconditional anyway as I had a client who asked me to help them. When the client came back from their holiday, they were not ready to commit to their plan, and so I bought it myself.
-If you had to be a superhero who would it be and why?
James Bond – What a lifestyle and saving the world every day.
-Who inspires you and why?
My parents, for believing in me and having the courage to follow me to New Zealand.
Lance Armstrong World Champion Cyclist and seven times Tour de France winner, for never giving up and surrounding himself with the best team. (It’s not about the bike- excellent and inspiring book)
Keith Cunningham, who has a great business mind and showed me how to grow my mortgage and property businesses.
My business partners and clients, who challenge me to grow and find solutions for them.
All the friends who said, “YOU CAN!”
-What advice would you give anyone entering the property investment game?
Nike got it right – Just Do IT. Discuss your plans with your loved ones and build a team to assist you in reaching your goals.
Barb’s coming to Auckland! Super excited.
She’s a forerunner in Education and Mooc.
Barb was fortunate enough to have a conversation with the brilliant interviewer Kathryn Ryan on New Zealand’s radio show From Nine to Noon in relation to her upcoming talk for the New Zealand Initiative-University of Auckland on May 1. Barb did the interview while she was at the top of the CN Tower in Toronto. Can you hear the restaurant clanking in the background?
Our rental tax returns for 2019 are done. Can I assist you with yours?
Email me now
Investors flipped more than 207,000 properties in 2017.
The average gross profit was $68,143 (difference between purchase price and flipped sale price).
The number of flipping houses was at the highest since the infamous 2007 real estate bubble.
A report from Attom Data Solutions found that 138,000 investors flipped more than 207,000 properties in 2017. 65% paying cash which is the opposite to what was observed pre the 2007 crash.
Become your own boss and make your dream come true! The experts at Financial Pictures take care of your business structure formation!
Ask for offer now and start on-line at Financial Pictures
What are your top 5 tips for investing?
1. In the best of all possible worlds, what would you really want to happen? Think about what YOU want and how YOU want to design your journey in this lifetime. I’ve met thousands of people in the last seven years and most are still in the same space because they don’t know what they really want out of life.
2. Be very clear and focused on whether you want to be an investor or a saver. I have an interesting article on this topic and it is often misunderstood. Investing is the process of building financial wealth. Saving is setting money aside now (i.e., foregoing current consumption) to spend it later. An example of saving would be buying real estate to fund retirement. Investors never really “spend” their financial capital, but continue to manage it going forward. The building process continues even as we begin to use our financial capital.
3. Kiwis are excellent DIYers. Trust me: this is the hard way to do anything. Whether you want to become New Zealand’s Donald Trump or save for a spectacular early retirement with real estate, build a TEAM of trusted advisors who can guide you in achieving your dreams.
4. Should you choose to become an investor you need to know more and constantly educate yourself in a wide range of subjects. As a saver or new investor, you need professional advisors to give you advice. A professional investor, on the other hand, needs a professional advisor to help execute plans.
5. Good planning is important, but an effective implementation is crucial! Don’t get stuck with chasing the perfect plan or the latest fad of an investment technique. To plan for your financial future, a boring old-fashioned rental property in a good location bought today will always beat the perfect deal purchased with the newest technique one day in the future.
It has been taught over the years by the society that everyone should go to school so that they can get a good job. The problem these days is that too many people are doing what society have told them to do for years and that is to get a decent job.
When they think of starting their own home based business, they instantly feel like starting one is like a foreign language for them. Starting a business would be too risky. Their mind would reject it.
People would find many reasons why they should not start one. They will find all sorts of excuses why they will not do it. A lot of people, even when they thought about starting a business for months and even years would still say that it would be a huge risk for them and they can not do it.
In today’s world, many companies are downsizing and letting many people go. Doesn’t matter who you are in the company. From the regular employee to middle management, to upper management. CEO’s, Vice President, supervisors, etc. It does not matter. You are also at risk.
If the company that you are working for decided to let you go, what would you do? Wouldn’t this hurt you and your family’s finances in a big way.
Many companies even tell a few of their long-time employees that their job is secured and there is no way that they would be laid off. You can walk into work one morning expecting to work your regular hour’s shift and can find yourself invited into a meeting room by the management for like a few short minutes, and then back home again right after that meeting without a job. You can be gone with no warning at all.
Imagine if you had a job and, at the same time, a part time business. If one day the company that you are working for decides to let you go too, don’t you think that you would feel safer?
Keeping a job and thinking that it is safer and less risky than starting your own business is making a big mistake.
If you have a plan on how to start any type of business, then it would be very smart of you to start it even though you have a job now.
Think about this:
There are plenty of people in the world who had jobs and at the same time had a part time business. One day they lost their job but they did not lose the income that was necessary for them to make so that they can pay everyday bills.
They knew that if the day of losing their job would come sooner or later, they would be ready for it and have a business run on the side.
If you have a job and want to start a business then just start it. Sure you will have to have a plan in place, a good idea, the finances, and the right motivation. You MUST take that step in your life. This is for you and your family’s sake. You will also have to re-program your mind to think like a business person.
One of the main reasons why people are scared to start a business is really because their minds have been programmed for years and years by their parents, friends and the media to get an Education so that it will help them to get a “good job”.
In conclusion, the only way to really feel secure and be in control of your own destiny is to be in business for yourself.
This article is free for republishing
Graeme Fowler is a well-known property investor in New Zealand. In 2000, his best-selling book, Real Estate Investors Secrets, was released. He published another book, 20 Rental Properties for One Year, which tells the story of how he set a particular goal and went about achieving it.
Graeme and I had known each other since 1999 when we both attended a property seminar organized by Peter Aranyi at Empower Education and many other seminars/mentor programs ever since.
I’m currently reading Graeme’s new book and have some thoughts of my own.
Knowing When Negotiating Isn’t Worth It:
When I first started to look at houses to purchase for investment, together with my wife, I spent just over six months looking at about 500 properties. At first, we thought that we were looking at houses, but after a while, the penny dropped and what we discovered was that we were actually looking for real estate agents. This is one of the most important parts of your business jigsaw puzzle. The other two being a good mortgage broker, to finance as much property as possible, and a business structure specialist for your tax strategy.
Now after looking at a large number of houses, you will get a gut feel for your market, and you will have found maybe one or two agents that are hungry and are prepared to take your offers seriously. As Joe Arlt says above you cannot expect them to present all of the offers personally, my agents would not have enough hours in the day to do that, but you should expect them to take time over the ones that they believe have a good shot at being accepted.
The secret in dealing with the serious agents is not to waste their time. Build up a report with them. In my career before property investing, which was the grocery industry, I had to learn the art of dealing with people. You cannot run a chain of 125 stores on your own. This has helped me in building relationships with agents. Work on your people skills to help you build your own team. I also learned the art of negotiation while working as a shop keeper. It is very simple. Do not negotiate. Below is an extract of a book that I am writing about why you should invest. The passage is about how I buy products for business or houses;
“This is the art of how to acquire goods from suppliers with the most favorable terms to you. There are all sorts of books and business programs that teach, or at least aim to teach you the science of negotiation. Most of them tell you that it has to be a win, win situation. Personally, I have not found that to be the case at all. Let’s look at one case as an example. In England, Australia, and New Zealand there is a product called baked beans. These are haricot beans in a tomato sauce. They are sold in cans and the best by far are Heinz especially their organic version. This is subjective, but this is my book, so you are getting my opinion. They are best served after having been heated up slowly for about half an hour on the stove top. This way the tomato sauce reduces and the beans soften, lovely, especially when served with bubble and squeak an English dish of fried potatoes and cabbage. In New Zealand, they are sold under the Wattie’s label which since 1992 has been a division of Heinz. In New Zealand, Australia and in Britain Heinz Baked Beans is one of any grocers best-selling products, usually one of the top 100 sellers, which is a significant achievement in a store that can sell 50,000 products or SKU’s (stock keeping units) as the industry now likes to call items. As Heinz has such market domination, they are, what is known in the trade, as a KVI or known value item. Everybody knows how much they cost. Their price will vary from store to store but not by much, although in convenience stores, they can be 30% more expensive than in supermarkets. Now if I am buying beans for a group or a store, Heinz will come to visit me. They already know what price I am going to sell the goods at, they only have to look on my shelves. Being professional they will also know what margin I am expecting to make, they get this from my competitors. Therefore they can work out within a percentage point or two at what price I will want to pay for the beans. So all we have to discuss is the quantity that they can get me to take to get the price that I want to pay. Where is the negotiation? There isn’t one. It is simply a discussion on the quantity of product. You see grocery buyers, those that are good, simply show their hand to the supplier up front, because the manufacturer or wholesaler already knows the information anyway. We do not play games, we don’t have the time. Therefore I have developed a style of buying, no matter what the product is, baked beans or houses, where I tell the supplier or vendor what I am prepared to pay. It is then their choice as to whether to accept it or not. It is a one time offer. Would I open a store without Coke or Heinz? Yes, I would. Would I walk away from a house where the vendor would not lower their price by a grand? Yes, I would. This is one of my rules, and I do not break my own rules. Does it work? Yes, it does. Both in the grocery industry, I have never opened a traditional grocery store without Coke or Heinz, and in our first year of buying property in New Zealand, we had not far short of 100 acceptances of offers on my buying terms. This includes no deposit and a price that is at least 20% below FMV (fair market value) i.e. FMV is what the house is worth.” Copyright Michael J. Pettett 2002.
As you can see I do not negotiate, I just offer the most money that I can, over time your team of agents will realize that you will never go up in price from your first offer. This is a powerful tool for them when they are talking to a vendor. I am absolutely serious about not moving too. I have lost three deals over small amounts of money. One was for only $1,000 a second for $3,000 and a third for $3,500. I do not budge from my original price unless it is to lower it. Over time the agents have come to realize that they never should bring back to me an offer that has been countersigned, I will simply tear it up. This process saves everybody a lot of time. It takes time at first to set up but then the system runs almost by itself.
In Zurich tens of thousands of people are affected by poverty. They are hardly noticed. Oliver is one of them – a story of descent.
If Oliver learns a woman, he immediately declares: “I always say three things. First: I am poor. Second, I am sick. Thirdly: “Oliver stops. His gaze is glassy, his concentration fades. The conversation exhausted him. Oliver suffers from narcolepsy, colloquially called sleeping sickness. To tell his story, he has thrown an extra dose of medication. “Ritalin,” he says, making a pumping movement with his right forearm to underline the effect the drug should actually have.
Oliver is 45 years old, brush cut, round face, wide neck. He wears a blue T-shirt and jeans, looks inconspicuous, only the slightly red-eyed eyes fall. He sits in the kitchen of his cooperative apartment in the city of Zurich. On the wall are photos, drawings, and postcards of his son. Oliver wants to remain anonymous. His 9-year-old son is not to be teased on the broken place because of his story.
Oliver’s story of a long struggle against poverty, which seemed to be lost for a long time. Suddenly 326 francs a month would have had to suffice. The account was empty, five of them were pending. It was not enough. The rice stock was exhausted, and the next day his son would have come for lunch. That was just over a year ago. “I knew I had to go to the social service,” says Oliver. “Do you know how it feels?”
Poverty is largely invisible in Zurich because it forces merely the least to life on the street. Only during the Advent season, when the charities are attracting the attention of potential donors, they get something in the minds of the wealthy Zurich – when the doubting clerk in the Heilsarmee pot falls between Christmas and mulled wine for 6.50 francs.
19’748 people based in Zurich in 2014 social assistance, as figures from Statistics Zurich City show. This corresponds to 5.1 percent. In Switzerland and the canton of Zurich, the social assistance rate is 3.2 percent. In urban district 12, the social assistance rate is highest with 8.3 per cent. 2379 people are affected. The city has the lowest value of 7, 425 people or 1.2 percent. The risk groups include: single parent, breadwinner, families with three or more children, people living alone, migrants and people with little education.
Social welfare would have much more. A study has shown that in cities approximately one in seven who would be entitled to social assistance, not requested – out of shame, out of pride or foreigners out of fear of the consequences for the residence status. This number is even higher in the country.
Social assistance rate by city
The data used refer to the year 2014.
The City-Quartier in the city district 1 is a special case because there are also homeless people and people who are outside the city in a prison or home.
Is Zurich a good city to be poor? “Yes and no,” says Oliver. Both of these answers had to do with the wealth of the city: “Because people have so much, some of it drips down to me.” So he has often been given old pants by friends because he had no money to his torn ones replace.
On the other hand, life in the city has its price. The health insurance premiums are higher than in other places in the Canton, child care costs are expensive and rents have risen significantly over the last ten years. The real estate advisory firm Wüest Partner estimates that the offer rents have increased by 36.5 per cent since 2006 – for an average 4-room apartment with 110 square meters. With the rising rents connect experts also the decline of the social assistance rate in Zurich. Because cheap housing has become scarce, many social welfare workers or people who are at risk of poverty are drawn into agglomeration communities or in the country.
Torn off: Because Oliver cannot afford new clothes, he has been given an old gift by friends.
Oliver could stay in his apartment. But: food, coffee, cinema, concerts, culture – everything costs more than in other places. Social life suffers from poverty. With the decline of the account, the friends have become fewer. The friends would rather go out than to visit Oliver in his apartment. He understands this because he would rather go out, but the money is missing.
The control data of Zurich show how well the people of Zurich ( without source Taxed earn). But they also show that not all incomes have risen sharply over the past 15 years the same. The average taxable income has increased by a little over 20 per cent in the city – among the single and married. The half taxed more, half less. For the single persons, it rose from 34’500 francs to 42’200 between 1999 and 2014, with the married couples from 63’100 to 76’500 francs. These figures may seem deep because they hide the fact that taxable income is well below gross income. An example from VermögensZentrum: A couple with two children living in a rented apartment in the canton of Zurich. It grossed 100,000 francs a year. According to all deductions, taxable income is more than 40 per cent below gross income, around 57,700 Swiss francs, which is below the average value of Zurich.
The taxable income of the rich has increased even more. If married couples were taxing 89’500 francs or more in 1999, they were among the richest 25 percent of the Zurich population. Among the few, the limit was 53,300 francs. 2014 belonged to the richest 25 percent, who as a married couple at least 119’000 francs and as an individual at least 66’000 francs taxed: This corresponds to an increase of scarcely 33 or around 23 percent.
And with the poorest 25 percent? There was also a rise in taxable income, but much less: the limit rose from a maximum of 17,600 francs to 19,600 (about 11 percent more) for the unmarried and a maximum of 44,200 to 48,800 (around 10 percent) The married couples.
Development of taxable income
Indexed values, divided into the 25th, the 50th and the 75th percentile for the city of Zurich. The figures show the percentage development as compared to 1999.
Since he was 14, Oliver accompanies his illness. A typical symptom of narcolepsy is called cataplexy, paralysis. They occur, for example, when jetting when Oliver has a good hand. Because: “Feelings solve seizures made.” Oliver tried to arrange with narcolepsy: medication, yoga, meditation, naps. It all worked for a long time. In the Gymnasium, he was given an emergency bed in the cleaning room. While studying, he slept in the copying room. And because the work as an employee for the narcoleptic was difficult, he made itself in the year 2000 independent.
Costs a lot of money: Narcolepsy forces Oliver to swallow medicine every day.
The 45-year-old collects flyers, posters, flyers and newspapers from Zurich cultural institutions from a transparent plastic crate. He breathes quickly, proudly presenting his works from earlier times: “You can hang the posters right next to each other. You see, the patterns are flowing together. “He studied graphics and design for three years and finished in 1995. For 14 years, he earned from 50,000 to 60,000 francs as a self-employed person from home. His then partner, the mother of the common son, worked as a teacher and earned around 6000 francs a month. “I was never rich, but it was enough.”
If he tells his acquaintances today that he has no money, many can not classify it, says Oliver. For many Zurich, you are already poor, if you can not afford the latest iPhone. You can not imagine how it is, in the Caritas market to go shopping, to have to worry about which bread you buy to save a few cents. They do not even know the price. “I knew exactly what bread costs 2.80 francs and costs 3.40 francs.”
Olivers’ financial descent begins in 2009 with a retinal detachment in the left eye. This is followed by nine operations, nine general anesthesia, nine times two to three weeks of bed rest. The symptoms of narcolepsy with which he had arranged had become worse. It was no longer enough for him to lie down four or five times for twenty minutes a day. He has to sleep 60 to 90 minutes. His business is suffering. It can not deliver timely. Even customer base jump off.
In 2012 he and his partner separated. “Life with a narcoleptic is exhausting,” says Oliver. Now he pays the rent alone. He gets a partial IV pension. He would still have to work 40 percent. But his disease has now become too strong. The business has completely collapsed. His mother supports him unannounced with a few hundred francs a month. But she gets Alzheimer’s, needs care. With his father, he had long since prostrated himself.
About 1800 Swiss Francs IV and 156 Swiss pension fund pension are about 1630 Swiss francs fixed costs: rent, electricity, water, liability, health insurance plus franchise and deductibles, which Oliver has to claim for full physician visits and medicines every year. 326 francs remain for him per month. Invoices remain unpaid. Oliver applies for a full IV pension. It is said that she is coming soon. He’s waiting. It is operated five times – by the state and the health insurance. Then, in September 2015, Oliver becomes a welfare beneficiary. The full IV pension, which freed him from social assistance, was ultimately awarded to him only much later.
The poverty is not seen in Oliver and his flat. Office, bedroom, living room, kitchen – everything looks a bit untidy, but nothing is missing. He does not have a TV, but a big printer for it: “A gift!” He justifies himself. Like so much here in the apartment.
Poverty makes you look different before: poverty, homelessness, hunger. Therefore, you walk into a “minefield” when dealing with poverty in Switzerland as the “Observer” writes. Social welfare recipients are often regarded as spoiled, lazy parasites. In Switzerland, everyone could work if he wanted to. Who can afford a TV or a mobile phone is not poor. Andrea Gärtner sees this differently. The social worker works in mobile social counseling at Caritas Zurich. She advises daily families in District 12, the circle with the highest social assistance rate. What Gärtner says about common prejudices, you see in the video:
Andrea Gärtner, a social worker of Caritas Zurich, talks about prejudice against social assistance.
Approximately 400 people last winter slept in Pfuusbus of pastor Sieber in Zurich – across the state is estimated the number of homeless at around 600. They correspond to the poverty slump, but thousands of poverty sufferers, like Oliver, do not. So what is really meant to be “poor”?
To answer the question is difficult. There are different approaches. Absolute Definition: The poverty line corresponds to the social subsistence level according to guidelines of SKOS, Swiss Conference for Social Welfare. For an individual like Oliver, this means: monthly 986 francs for the basic requirement, plus rent, plus health insurance. For a family with two children, the basic requirement is 2110 francs.
The relative definition: According to the Zurich City Council is considered at risk of poverty, who earns less than 60 percent of median income. The poverty level is half the available average income. In the city of Zurich, 2014 according to tax data was 43’332 single (27.2 percent) and 9536 married couples (19.9 percent). Overall, the share has increased by a few percentage points since 1999 – by 2.6 for the single and 4.1 for the married. The relative poverty in city district 12 rose most.
Development of relative poverty by city circle
The lines show the change in relative poverty since 1999. Move the cursor over the red dots to see how many people are taxing less than 50% of the average income.
The calculation of relative poverty, based on tax data, however, has some weaknesses and is therefore always criticized. They overestimated the number of affected households and persons because they are not recognized concubinage. It also includes students and people who have consciously chosen a low-income lifestyle. But poverty is a problem only when people have no choice. At the same time, the relative measurement underestimates the number of affected persons, because source-tax-exempt foreigners are not taken into account. As a rule, those with an income below 120,000 francs are source-taxed.
Therefore, poverty research considers it inadequate to take the purse as a guideline. It is generally agreed that poverty is more complex and also intangible factors include. Factors such as housing, leisure, health, social contacts, education, and satisfaction.
Despite Zen: The financial downturn was a “hard test” for Oliver.
“Yoga and Zen meditation have helped me a lot in dealing with my illness,” says Oliver, “even when I arrived at the bottom a year ago.” He had internalized that he was doing little to get the best out of it. But it would be a lie that he just put it away. It was a “hard trial” of his philosophy of life. He was ashamed.
Again and again, Oliver speaks of the fact that he can well imagine that such a descent causes depression or suicidal ideation: “I did not have it,” he asserts. But whoever has no money to care for in this city and for other people, comes to his limits. “The worst thing is when people suffer from your poverty, which can make even less likely than yourself – such as my son.” And do many: Approximately one-third of welfare recipients are children.
Oliver became thin-skinned. For example, when his ex, with whom he usually maintains a good relationship, traveled with her son to Italy. She told him about it before the holidays, he says. She said she had told him a long time ago. No matter who is right, at that moment it made him angry. Suddenly he had “structural violence” felt: “The Bank raised simply so the writing fees for a few francs, although it has the digitization less effort.” Or as the debit card for weeks did not work: The Bank sought the culprits Publisher of the card, the card issuer at the apparatus. “I was denied legitimate access to my money for weeks,” says Oliver. He had become a little loud in the lobby. “The security service has led me out.” Suddenly people understand why people are rushing out of office.
After a long wait, Oliver got a full IV pension. It is thus one of the 60 percents that can leave the social assistance again respectively after about a year. He opens a table on his notebook: “Budget: Stand 23.10.2016” “For a few weeks now, I am now out of social welfare,” he says. Oliver smiles like a child who gets exhausted from a long day still a bedspool. The expenses in the table are divided into three categories: the basic requirement is 2622 francs (rent, food, health insurance), in those expenditures, which “all benefits” 505.75 francs (yoga, expenses for the son, Internet) and in luxury 477.20 francs (Contribution for the Swiss narcolepsy society, culture, gifts).
Oliver is confident: “I can do it.”
Oliver will now receive about 3600 francs a month. IV pension, supplementary benefits, child and pension fund pension. Unforeseen issues can still throw Oliver out of the way. He still lives on the poverty line. “I can do it. I’ll get through that,” he says. When he get to know a woman, but he still says: “I am poor. I’m sick and … “, he finds it again,” … I want any more children. “Now Oliver breaks off the conversation. He has to lie down – narcolepsy.
Oliver writes a mail a few days later. It was important to him to say something conclusive: “I see myself as one of many who are so often not seen, not even from those who are closest to them.” That is one more reason why he merely anonymizes his story Would like to return. As a substitute. As one of thousands.