> That said, I know self employed developers making 150-200k (EUR) gross per year as contractors.
There’s nothing unusual about that. I was making that kind of money 15 years ago.
But one problem is, that’s about what I can make today as well. There is no upward mobility in pay. And it has nothing to do with ability. It’s a cultural thing.
(Also, the deal is typically that you sell your social career progression. So you’ll be doing the same kind of job endlessly.)
> You can't just work your way to wealth. You need to reinvest what you make into other assets and let them compound...
This however is where the real problem starts: there is no way to accumulate and reinvest capital (legally), without paying massive (70-80%) taxes.
There’s nothing unusual about that. I was making that kind of money 15 years ago.
But one problem is, that’s about what I can make today as well. There is no upward mobility in pay. And it has nothing to do with ability. It’s a cultural thing.
(Also, the deal is typically that you sell your social career progression. So you’ll be doing the same kind of job endlessly.)
> You can't just work your way to wealth. You need to reinvest what you make into other assets and let them compound...
This however is where the real problem starts: there is no way to accumulate and reinvest capital (legally), without paying massive (70-80%) taxes.