She started saving with her teacher’s salary in the 80s and now at 90 years old she has become the world’s savings queen
Her tricks and ingenuity have allowed the elderly woman to live a life full of travel and with a financial cushion all these years.
After her husband died when she was young, Karin Sjöblom realised she needed to take control of her finances, especially given her modest income. When general-purpose investment funds were launched in 1980, Sjöblom saw the perfect opportunity to begin investing small amounts in the stock market.
From that moment, she embarked on a life defined by saving and travel. Over the years, Sjöblom became a recognised figure in the world of personal finance, teaching courses to share the strategies she had developed. She also devoted herself to writing about long-term investment, according to Senioren.
At 90 years old, Sjöblom is clear about her message. She encourages others to start saving from the very beginning, even in small amounts. She recalls starting with small savings from her teacher’s salary and gradually increasing this percentage as her income grew.
Saving money has been a cornerstone of her life of travel. According to Sjöblom, saving is not about sacrifice but about making thoughtful choices. For example, instead of eating out for work lunches, she prepared her own meals, which allowed her to save more over time.
She also chose not to buy lattes, as she mentions in the magazine. This decision is not meant to suggest that others should never spend on coffee, but it illustrates how she redirected small daily expenses into savings. The same principle can be applied to other purchases: one might spend on coffee or something else, but the key is to allocate savings strategically.
Another way Sjöblom saved money was by participating in investment clubs. She used a portion of her profits for family trips and experiences. Her journeys to Australia and Hawaii, for example, were funded through stock market gains, as was the replacement of her home’s windows.
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Today, Sjöblom continues to save while enjoying life. She still lives in her home, receiving help with daily tasks. Thanks to her disciplined saving, she can afford to renovate her bathroom and provide financial support for her great-grandchildren.
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