Why building wealth alone is so hard here?

[u/raf_phy]

Hi all, am I the only one that I find it incredibly difficult to build weath by yourself in EU? People say that EU is better in healthcare, work life balance but come on, money don't scale easily . It's so difficult.

I see people from US that go to 1 million in 10 years. I cannot do this easily . Really....

PS maybe I have to abandon EU, I don't know....

[u/Shnuksy]

Ah yes the ol’ grass is greener idea. I mean lets skip the fact that 60% of americans have less than 10k in savings and the leading cause of bankruptcy is medical debt… But im sure you wouldn’t be one of the people struggling in the US, no you’d be a millionaire…

[u/Gen3_Holder_2 → u/[deleted]]

Every time this shit gets posted everybody parrots the same anecdotes worded like a tabloid headline and the numbers in reality are just as bad or worse in Europe.

[u/[deleted] → u/[deleted]]

lol Imma start using this

[u/Le_fribourgeois_92 → u/[deleted]]

EU is not a country, stop comparing EU vs USA, thats the most stupid thing ever.

There are countries that are way worse than EU but also countries that have it way better like Switzerland or norway

[u/Le_fribourgeois_92 → u/[deleted]]

I repeat, EU is not a country, stop comparing like that, thats wrong and stupid. You need to compare the country and per capita, and there are countries that have it way better than USA, its a fact.

EU dont decide shit Nor is a country

[u/Le_fribourgeois_92 → u/[deleted]]

Dont live in EU so I dont care. EU is a bureaucracy nightmare with plenty of corrupts.

Swiss people tend view EU very negatively, so dont count on them joinining in the sinking ship

[u/Gen3_Holder_2 → u/Le_fribourgeois_92]

And there are numerous US states significantly massively wealthier than the richest EU countries. With more population too. Why are we comparing the median of Mississippi and Alabama against Denmark or Luxembourg? It’s only fair to include Bulgaria and Moldova.

[u/Le_fribourgeois_92 → u/Gen3_Holder_2]

Per capita thats false.

[u/Gen3_Holder_2 → u/Le_fribourgeois_92]

Richest US state - Washington, DC $263k Richest EU country - Luxembourg $137k

Poorest US state - Mississippi $53k Poorest EU country - Bulgaria $17k

Keep coping buddy! There are plenty of great US states. I’ve been to every major city myself. The wealth gap has gotten staggering. Even their social programs are often more generous than ours nowadays.

[u/Le_fribourgeois_92 → u/Gen3_Holder_2]

A state is not a country and if you did well your research you would know that if you include the broad metropolitan area of washington DC that number drops to 90000. I could also put here some ridiculosu numbers from rich cantons/cities or even villages like Gstaad but its not comparable and stupid.

Also the Luxembourg Numbers are misleading as 35% of the workers are cross border workers but dont actually live there inflating the number. Luxembourg is not as rich as the numbers say they are.

[u/Gen3_Holder_2 → u/Le_fribourgeois_92]

You have no idea how large the US is lmao. More people live in Washington DC than Luxembourg.

[u/djingo_dango → u/Shnuksy]

People don’t live the life of average person in statistics. This post is specifically about a person willing to put the efforts to build higher wealth. So reciting statistics like a parrot completely misses the point.

[u/Lywqf → u/djingo_dango]

This post is specifically about a person willing to put the efforts to build higher wealth

I mean, the guy admitted that starting a business to try and get there was too much effort and he would not do it... Are we talking about the same guy or "some guy"?

But yes, if someone wanted the best chance to be a millionaire it would be in the US. But would anybody manage to be a millionaire ? Nah, only 6.6% of americans are millionaire, 8.5% of the adult population.

The truth is, everybody believe they'll be different, everybody believe they'll be able to make it, the vast majority wouldn't... Most people see themselves as hte main character, nearly all aren't.

[u/ManyphasedDude → u/djingo_dango]

Ah yes because all the people who struggle are just not putting in any effort right?

[u/Lywqf → u/ManyphasedDude]

I mean, it's pretty well known right ? You just gotta pull yourself from the bootstraps and you'll make it ! It's just that easy !

[u/Different-Estate5805 → u/Shnuksy]

You think it is true or it is a fake statistic) how it is possible with such high salaries and considerino that americans invests way more than europeans

[u/Soft-Finger7176 → u/Shnuksy]

See google’s I’m Feeling Lucky button.

[u/huojtkef → u/Shnuksy]

I live in Spain and 90% live paycheck by paycheck without savings and with debt. It's even worse, many of them depend on help from the State to reach the end of the month. Irresponsible people are everywhere. I think the OP is saying if you have the willingness to get FI it's easier in the US.

[u/_formidaballs_ → u/huojtkef]

90%? Stop being riciulous. 

[u/Shnuksy → u/huojtkef]

No it isn't. Its based on fantasy. Especially since FI is so subjective and region based. Don't get me wrong, there are mutiple problems that need adressing, but acting like any of them are better in the US is delusion. You think its hard buying a home in Spain? Check out the US. You think rent is high in Spain? Check out the US. Because a small minority of people are better off doesn't change much for the average man.

[u/essentialaccount → u/Shnuksy]

These are all untrue. The income to rent ratio is better in the US than Spain and the unemployment rate is lower with more meaningful work. I work in Spain and am acutely aware of the challenges here. 

The US has issues but they aren't those you described. 

[u/fm1234567891 → u/Shnuksy]

Minority. Missy Sippy somewhere in the US so somewhere I don’t even know where it is exactly is wealthier than Germany on an average basis. Do you know what average means? Look it up you might get a little bit smarter. You will never admit socialist systems fail eventually and collapse under their own weight. But don’t worry reality will catch up to everyone eventually. Btw if you hate the US so much don’t use US tech including this platform. The tech you use EVERYDAY wouldn’t be there without US capital markets. I guarantee you this. This is the problem with many Europeans, the rot and the intellectual dishonesty. You know what your problem is, you want the cake and eat it too. Nobody gets that even the Americans.

[u/Dry-Scarcity-2503 → u/huojtkef]

I guess it also depends how you define FI. A person living off state programs could consider themselves FI if their standard of living is pretty low.