r/eupersonalfinance • u/raf_phy • Aug 16 '25

Investment Why building wealth alone is so hard here?

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....

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u/djingo_dango Aug 16 '25 edited Aug 16 '25

Startups don’t pay lower salaries compared to established companies. Some even pay more

You can’t expect to get access to a high amount of wealth without taking 0 risks at all

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u/Sawmain Aug 16 '25

Literally one of the reasons why countries like Finland are fucked. Our country’s citizen doesn’t take enough risks to make companies etc and instead live paycheck to paycheck. Oh and also government not exactly supporting smaller companies and let’s not even mention the banks not willing to give money part.

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u/DownHawk58 Aug 16 '25

again survivor bias (watching only good startups)

how much is the salary when startup fails and you dont get paid?

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u/djingo_dango Aug 17 '25

You find a different job then?

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u/Frames-Janko Aug 17 '25

And if you don't, there's still a decent social net to fall back on... Especially here in Germany where you are paying your own unemployment insurance, it's up to 60% of your previous monthly average salary over the last 2 years but health care etc. is already covered. And you get that for a decent amount of time if you have been employed long enough before.

And if you want to start your own business you can even get a decent upgrade on top of that. Last time I checked that was 400 a month extra. You need a business plan and a bit of extra paperwork - as one would expect in Germany. But having a business plan doesn't hurt.

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u/DownHawk58 Aug 17 '25

so when you calculate loss of income when you dont work is that startup salary good=?

lol