Article
Investment Beginnings: The First €50,000 Was the Most Difficult
I have often wondered whether it makes sense to publicly share my financial journey and investment strategies. My experience is unique, and my methods might be difficult for many to replicate.
Still, I have decided to give it a try.
Investing 50% of My Income: Seven Years of Low-Cost Living in Prague
From 2016, when I started university and moved to Prague, until 2023, I managed to invest 50% of my income in the stock market. That might sound like I had a high salary, but the reality was quite different. My time for work and earning was limited by my academic obligations. I usually worked around 40 to 80 hours per month. It was not until after 2021 that I began crossing the 100-hour mark. My hourly wage was above average for a student in Prague, but nothing extreme.
The real reason behind my high investment rate was a modest lifestyle. I gradually increased my working hours while keeping my expenses low.
I lived in a university dorm, cooked simple meals, and rarely bought new clothes. Most of my time went into studying, working, and self-education. I had neither the time nor the urge to spend money.
Here is a glimpse of what my student life looked like—I found a few photos.
Looking back, it never really felt like I was depriving myself. Back then and even now, most things I consider important—and especially the truly essential ones—cannot be bought with money.
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Disclaimer
This article is intended for informational and educational purposes only. It does not constitute financial advice, a recommendation to buy or sell any securities, or a guarantee of future market performance. The views expressed are solely those of the author, who may also be an investor. Investing in financial markets involves risk, and each reader should make their own decisions independently and, if necessary, consult with a licensed professional.
Summary
Common questions on this article's topic
Is it possible to invest 50% of your income?
What is compound interest and why does it matter for beginners?
What is the real cost of delaying investing by several years?
What is a financial runway?
What is the FIRE movement?
Should I invest everything I save or also invest in myself?
If you have any thoughts, questions, or feedback, feel free to drop me a message at mail@richardgolian.com.
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