Over the past few weeks, I have been talking to a number of engineers and other graduates who are ridiculously working for little money. He is an IT informant for 140 thousand, a very blade teacher for languages ​​for 150 thousand, but there were electricians and other engineers for 210-230 thousand HUF.

Typically, they had a couple of million in savings, and they wanted to find a really good place where their money would make a lot.

I asked everyone the same question



Why do you just want to make the most out of your money and not yourself?

How much more do you think a tens of millions of savings would be if you could invest 4% above your current interest rate per month? After deduction of taxes only 26 thousand HUF per month. In the long run, the four percent extra return is already very good and usually only takes a very high risk. (Whatever else the folk tradition thinks about it.)

What if you would rather leave your current job, which I call a lukewarm pool, and do some normal work?

With a net pay of $ 120-140,000 even in a fast-food restaurant in the capital, it’s a good thing that you’re an engineer or IT worker. In addition, it has been 8-10 years, often semi-black, more than once.

An electrical engineer or computer scientist in Budapest would have to lower the net to 400-500k. Not immediately and not everywhere, but who said you would work where you never want to be paid? I meet many people who make 800,000 to 1.5 million in the same jobs, though none of them are better, smarter, or nicer than you. They just paid the price to earn that much. Set these people as an example, not your public servants who also bring home 130-140,000, just like you.

If you’re making more than $ 150K per month than you are now

If you

(and $ 300K is a very low salary in your profession,) it would be like earning 23% more on your existing $ 10M a year! Risk-Free.

These days, I was talking to a 28-year-old young man who was a public service IT worker for 145,000 forints, which he was happy with. It turned out to have inherited 80 million and sought-after investment opportunities. Did I say to him that you think luck like that never comes to life? Do you know that you have a lot more treasure than you can make much more out of?

If you went to work for $ 400,000 and invested the difference above inflation at a rate of 2%, at current value you would be $ 167.5 million richer at age 65 than at present. (If only interest compensated for inflation, we would still be talking about 113.2 million.)

If you were to make one hundred thousand more a month (again, this is not that big money for an IT professional in Budapest), it would be already 233 million.

Do you think your knowledge is not worth it because you are not a computer programmer? Well, what’s the point of retraining yourself? How to Learn English and German Really? How do you read every book that is, for example, how to be a successful leader?

Who said you had to live your life there?


Would you be old to switch? Did you know that at the age of 40 you have more to retire than you have worked so far?

The same is true for entrepreneurs. Recently, I talked to two great entrepreneurs who had barely any savings, but were looking for a very good place to do it. (As usual, high returns without risk. I have the bad news: they only exist in fairy tales.)

I asked how much they spend per month. (If the company is doing well but there is no saving, then you don’t have to be a genius to figure out where the money is going.)

They have predicted one million, which in my experience would mean 1.5-1.7 million in reality. I asked what would be a little bit of a look at their breeding habits and say 300,000 less?

They would immediately feel that their $ 5 million savings would yield an additional 72% of net annual interest. (This corresponds to a gross annual percentage of 92%.)