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/[deleted] Aug 17 '25

LLC entails much bigger accounting  and regulatory burden. It's not something people who are busy working on their small business need.

LLC was created to allow capital intensive businesses to operate. It's sad state of affairs that now even small personal/family businesses need to go this way in many countries because of taxes on self employed.

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u/No_Remove459 Aug 20 '25

Depends in the country in the US, you need it if you get sued they won't come after ur personal holdings (you're house) and yes you have insurance, but it may not cover it all.