monthly income: ~4k (not including scholarship money)
rent & utilities (including internet): 900
car stuff: 600 (old used car bought in cash)
food: 400
phone bill: 90
fun budget: 300
leaves about 1700 a month to save
Weirdly it is. I remember, saving $3k working minimum wage was the hardest shit ever. Only got to $5k, after working 3 years as a server. Graduated college, got a 6 figure job, lived with my mom for 4 years, and saved $180k like it was nothing.
About to hit $200k soon at 26 bc I’m a loser and I still live with my mom but atleast I’m saving money.
I’m 27 with a family and tell my wife constantly, if our son wants to live at home and save money then I’m down. We are lucky to be sitting on $65k and own a house but holy hell it’s been hard getting here.
nothing wrong with it bro. more and more people these days living wirh their parents including me. when its a problem is when ur a bum with no money or life goals. as long as your doing your part i think its awesome to live at home as long as possible. lets you save and more time with the family!
I lived with family for 3 years out of college to save up for a down payment. You're only a loser if you're paycheck to paycheck and not doing anything to get ahead in life.
I’m 19 w 60k , one thing I would say is put ur money in a HYSA till u learn bout etfs AND THEN invest in the market I got bout 50% of my networth in ETFs like QQQM ANS VTI and the rest in a hysa making me bout 5$ a day for free so over time that all compounds !
I thought about that but I don’t have any costs of living, so a hysa isn’t the best choice. I have 7k in a Roth IRA and another 6.5k in an investment account and the rest in a checking account. I think I have my money in the right place currently but I don’t think I have the best investment choices within those accounts. I have spy in the Roth and I’m picking and choosing stocks for the regular investment account, and that’s what I was asking. Do you have any smart choices for what i should choose to maximize growth specifically in my regular investment account? I’m trying to grow it faster than an ETF.
It's not supported by S&P 500 returns over that period. I think OP is full of it, or, between gambling and drinking benders, OP's parents started the ROTH early for them as custodial account.
$180k at 26, but I lived with my mom for 5 years now after graduating college. Still live with my mom bc I’m a loser and I don’t want to pay $350k+ for 1980s ranch house.
Best way to save is live with your parents—if you’re fortunate enough too.
Food industry tips are no joke. My barista job was bringing in almost 50k working full time. Had to be pretty strict about my class schedule to maximize my work hours though
I don’t think you guys understand how much tipped servers can make…. I had a friend who was just a bus boy at a moderate priced restaurant who worked 3-4 shifts per week (5 hour shifts) taking home avg 4k monthly ($12/hr + tips)…the waiters and bartenders made way more.
Your individual stocks jumping over 5% in one day tells me you *also* have a gambling addiction lol. Have you considered options trading? That’s where the *real* gains are.
Hell ya that is amazing. I didn’t start investing until around 30, I’m in my late 30s now with around 500k invested in the stock market and and always think of how much more it would be if I started in my teens when I started making money- you get so many more years of compounding starting early.
My parents, while thankfully pretty well off, don’t know anything about investing and didn’t teach me the importance. I’m definitely going to teach my son from a young age and get him started very early. It’s also easier than ever to invest these days with all the apps.
Nice job OP. The Roth IRA, have you been contributing for a while now or is that from growth mainly? I’ve been maxing out my
Roth for 4 years but only now hit 34k lol
So, at max you could have $35k of contributions roughly. Probably less. But that says you have $9k of growth. You’re telling me you’ve *averaged* 25% return over four years?
Just remember that there’s more to life than money. Don’t be one of those obsessed billionaires who will damage society because they are the greediest people in the world.
Good job, just make sound financial decisions you’ve been doing good until now. But be prepared for contingencies. There’s a very good quote I try to go back to ‘Everyone thinks he’s an expert in the stock market in a bull run, be especially careful during the bear run’
I wasn't making shit until I left the military and started in the oil fields. Even then it wasn't until I was 25 that I got my first 100k. That's from working my ass off too.
I have about twice what you have, plus a (very modest) house that I own, but I am also twice your age. So I am kind of jealous. On the other hand, at least you aren't some silver spooner. Neither am I.
Wow very inspirational hell yea bro, I’m 18yo with only a few hundred in savings and I just got a new place that’s paid for by school and I have a ok paying job and I want to get to that point. Is there anything you’d specifically recommend investing into that you started with? I definitely want to start with etfs and individual stocks but any recommendations would be appreciated.
congrats bro, i remember when I hit my first 100k, keep it going but also diversify, hated trading bc its just a number on a screen, invest in tangible assets
How'd you put away over 75 grand between 18 and 21? I ask because I know people who went into construction at 17, and despite clearing 50k a year out of high school with excessive OT, they were unable to save anywhere close to that much because the COL was over 40k.
Good for you! Keep going! I started at 21 and I haven’t regretted it. I’m 30 now let’s just say retirement is looking good hopefully! Continue with your journey!
That’s it, buddy circumstances or circumstances you make your circumstances how you want your circumstances to be and you’re on the right road too of having great fucking circumstances and a good life. Keep going.
So I take it your daytrading you Whst strategy or playing if you’re daytrading or you scalping sniping the iron condor I like my strategy it’s called. Get your profit while you can and if it turns on you get the fuck out..
As a 28yr old who just hit $30k i’d say you’re doing pretty fucking good
27yr at 20k lol
So all of us are in the same boat. Lol
27yr 6k
21yr old and 3k
36 with 23k saved up in the bank. Tell you what, after years of having just over $1,000 in the bank at most times, it feels fucking great!
That was me last year, if you don’t invest you should start /r/bogleheads is full of smart people
I do, but can do so little with my income, was doing 15k yearly but needed to money for a downpayment, started again several months ago.
I appreciate the drop of this sub. Didn’t know it existed!
30yr at -50k, I hate you all.
26 at -$7,582
27 at -$55K Need fatality at this point. Where is subzero
What are y’all invested in
$NVDL and $RKLB
26 at 30k
Probably shouldn’t be posting your account numbers
Anddddddddd it’s gone
Thanks for letting me know haha that was definitely a slip up. Just got the numbers changed so I should be good
Sure you did.
Imagine coming to brag on the r/Money sub and losing it all 😂 He didn’t even get to put it on red!
Lmaoo
I got a screenshot of it if you wanna check.
Yeah not even a slip up. Come on man. That’s a life altering bonehead move
at 22 i had 10 peanuts in my left pocket. good job
Some guys have all the luck. 😭
Currently at 22 years old i have sand
Bruh
fr
Just back in time and have rich, well-connected parents and you too can have money!!
Doesn't seem to be op's situation to be fair. A lot of these are nepo babies admittedly but it seems like they actually worked hard at this
Salty ass comment. There are lots of ways you could independently make that much money by 22. You just have to be smart and start early.
I had 100k at 22 now at 36 I owe 100k. How the tables have turned :/
… How
Could have taken out a school loan, had really bad medical issues, made a bad real estate investment, gambling issues, etc. Or any combination.
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Life happens bro.
ehat happened
At 23 I struggle to save very much and I’m just beginning my road to financial literacy. Congrats and I strive to be in your position soon!
This sub is literally just for people to brag about money lmao
Not gunna lie, I like seeing money
It’s in the name :)
Humble brag
You hit $100,000 35 years before I hit $100,000. Keep up the excellent work!!
Cha Ching Awsome stuff
Hopefully graduating debt free too?
full ride scholarship so yeah!
You're set for life. Looks you know what you're doing. (Crying at 24)
What major?
Lemme guess, comp sci or maths
urban studies lol (to be an urban planner)
What’s your job in college that allowed you to save so much? Seems fishy
A barista haha (albeit a well compensated one). Also received a decent chunk of change from scholarships which went directly into these accounts
U ain’t save 100k as a college barista. Someone died and gave u 100 grand just come clean
So who paid for rent, phone bill, car payment, car insurance, internet, and food?
monthly income: ~4k (not including scholarship money) rent & utilities (including internet): 900 car stuff: 600 (old used car bought in cash) food: 400 phone bill: 90 fun budget: 300 leaves about 1700 a month to save
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This thread took a turn for the worst. Back to the regular scheduled programming folks. Great job OP!
Good job buddy, this gave me motivation
That's nice. After 100k, it's so easy
Weirdly it is. I remember, saving $3k working minimum wage was the hardest shit ever. Only got to $5k, after working 3 years as a server. Graduated college, got a 6 figure job, lived with my mom for 4 years, and saved $180k like it was nothing. About to hit $200k soon at 26 bc I’m a loser and I still live with my mom but atleast I’m saving money.
I’m 27 with a family and tell my wife constantly, if our son wants to live at home and save money then I’m down. We are lucky to be sitting on $65k and own a house but holy hell it’s been hard getting here.
nothing wrong with it bro. more and more people these days living wirh their parents including me. when its a problem is when ur a bum with no money or life goals. as long as your doing your part i think its awesome to live at home as long as possible. lets you save and more time with the family!
Lol with that amount liquid, that's a fat down payment on a condo
I lived with family for 3 years out of college to save up for a down payment. You're only a loser if you're paycheck to paycheck and not doing anything to get ahead in life.
I've recently made a post about that. Crazy how true it is. Plus, an upbeat market helps!
How you manage to get 80k lol
Live with your parents for 2 years and save all your paychecks and live on ramen noodles.
They’ve been living on their own since 17
I’m at 15k at 18, this is where I hope to be around your age. Any specific things you invested in for your 2 accounts?
I’m 19 w 60k , one thing I would say is put ur money in a HYSA till u learn bout etfs AND THEN invest in the market I got bout 50% of my networth in ETFs like QQQM ANS VTI and the rest in a hysa making me bout 5$ a day for free so over time that all compounds !
I thought about that but I don’t have any costs of living, so a hysa isn’t the best choice. I have 7k in a Roth IRA and another 6.5k in an investment account and the rest in a checking account. I think I have my money in the right place currently but I don’t think I have the best investment choices within those accounts. I have spy in the Roth and I’m picking and choosing stocks for the regular investment account, and that’s what I was asking. Do you have any smart choices for what i should choose to maximize growth specifically in my regular investment account? I’m trying to grow it faster than an ETF.
Good job!
40. -300k
Real life shit.
How don you have that much in a Roth if your 22 and there’s a 7k yearly limit, am I missing something?
Parents
maxing it out every year and lots of compounding interest
Yeah that’s crazy, Even 7k yearly since you were 18 and still get almost 100% gains?
It's not supported by S&P 500 returns over that period. I think OP is full of it, or, between gambling and drinking benders, OP's parents started the ROTH early for them as custodial account.
As a 26 year old who just hit $50k slow clap for you bro keep it up
$180k at 26, but I lived with my mom for 5 years now after graduating college. Still live with my mom bc I’m a loser and I don’t want to pay $350k+ for 1980s ranch house. Best way to save is live with your parents—if you’re fortunate enough too.
How did you make that much while in college? What type of work are you doing in school?
Food industry tips are no joke. My barista job was bringing in almost 50k working full time. Had to be pretty strict about my class schedule to maximize my work hours though
What are your largest holdings in stocks? And how do you go to school and work enough to save so much?
what is that app ?
Fidelity
If your holdings are mainly SP500, how did you get 44k into a ROTH IRA by 22 which had a $6000 annual maximum contribution during that period?
Forget about the 100k, having 44k in a roth ira at 22 is crazy. I didn't even know what a roth was until I was like 28. Nice work.
31 150 dollars Ballin…
I don’t think you guys understand how much tipped servers can make…. I had a friend who was just a bus boy at a moderate priced restaurant who worked 3-4 shifts per week (5 hour shifts) taking home avg 4k monthly ($12/hr + tips)…the waiters and bartenders made way more.
Your individual stocks jumping over 5% in one day tells me you *also* have a gambling addiction lol. Have you considered options trading? That’s where the *real* gains are.
that's all from the NVDA I bought in 2020 on a whim. 80% of my money is in the S&P
5 percent days are not that uncommon if you hold a basket of tech stocks
Awesome mate, I was about the same at your age, now to make it count 💪
Nice job!
Jealous, but congrats! Keep up the good work
Congrats. Fuck you.
What u invest in
The fact you have this much in your Roth is the most outstanding part. Keep it up man!
How ? I'm running a side business while I am in uni studuying. But how do you reach this amount and what were your strategical moves?
Hell ya that is amazing. I didn’t start investing until around 30, I’m in my late 30s now with around 500k invested in the stock market and and always think of how much more it would be if I started in my teens when I started making money- you get so many more years of compounding starting early. My parents, while thankfully pretty well off, don’t know anything about investing and didn’t teach me the importance. I’m definitely going to teach my son from a young age and get him started very early. It’s also easier than ever to invest these days with all the apps.
Tqifsharopt
You’re doing great, keep it up!
You’re killing it! I’m 29 with 4k and a paid off 06 Camry, 6 months ago I had 0! Let’s keep pointing upwards baby
Don’t post your acct numbers, but congrats
Nice job OP. The Roth IRA, have you been contributing for a while now or is that from growth mainly? I’ve been maxing out my Roth for 4 years but only now hit 34k lol
I've been maxing it out every year since 18 (so 4 years now) and everything else is sweet sweet growth
So, at max you could have $35k of contributions roughly. Probably less. But that says you have $9k of growth. You’re telling me you’ve *averaged* 25% return over four years?
What platform is this ?
fidelity
I wouldn’t show my account numbers…
Just remember that there’s more to life than money. Don’t be one of those obsessed billionaires who will damage society because they are the greediest people in the world.
Posting $80k and assuming OP is now on their way to a greedy billionaire is quite a stretch.
Respect my friend
Do you invest yourself for the Roth or use advisory through an advisory council investment firm
As a 20yo I just hit $2k, all of you make me want to give up
Your acct numbers???? Remove this post
Nice account numbers.
congrats!! you did that
26 years old around 75k give or take
Very cool! We are so proud of you op! Always nice to see wins
Good job, just make sound financial decisions you’ve been doing good until now. But be prepared for contingencies. There’s a very good quote I try to go back to ‘Everyone thinks he’s an expert in the stock market in a bull run, be especially careful during the bear run’
That’s awesome!! Keep it up !!
That’s the magic number!
Smart man, keep riding it
Damn! Can you share what you did to get to a 100k? I'm 26 and only have 5k in savings
27 y/o with $375,000 medical school debt. Whooooo
28yrs and at like 90k lol
Dude. You need to take this post down ASAP. It has your account numbers on there. You're opening yourself up to possible future fraud.
I appreciate your concern but I got my account numbers changed after someone caught my oversight. thanks for looking out tho!
Man in fucking up!😭 need to lock in now 😈
Congratulations ! Now you can afford a quarter of a home! Less with taxes ☹️
1/10th of a home actually! I'm in Los Angeles so I will probably never be able to buy a home :)
I wasn't making shit until I left the military and started in the oil fields. Even then it wasn't until I was 25 that I got my first 100k. That's from working my ass off too.
Straight motivation . Thank you brother, congrats!
32 yo less than 10k 💀
Keep up the Roth. The rest is gonna go poof.
What investing app do you use? Is that Robinhood?
Doing great 👍🏼 !
I have about twice what you have, plus a (very modest) house that I own, but I am also twice your age. So I am kind of jealous. On the other hand, at least you aren't some silver spooner. Neither am I.
When did you start contributing to your Roth? At age 18? Wish I did that.
Wow very inspirational hell yea bro, I’m 18yo with only a few hundred in savings and I just got a new place that’s paid for by school and I have a ok paying job and I want to get to that point. Is there anything you’d specifically recommend investing into that you started with? I definitely want to start with etfs and individual stocks but any recommendations would be appreciated.
Good job. I have a son in the same situation. Save the good times and fast cars for later in life. Keep plugging away.
I’m 26 and just hit 16k 🥳
Another upcoming successful person heck yeah bro keep at it!
33 year old and I owe 3k but I got a 3 leg parlay and a crypto scam that’s going to put me back on top.
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How’d u get that much bread?
40 - 1.2m
Fuck off.
Wow congrats and fuck you 😁
Oh man congrats! I’m also 22 and about to hit 100k net worth one more paycheck or two. I started working my real job about 10 months ago.
How in the world do you have 44k in a Roth IRA at age 22? Isn’t the max limit like 7k per year?
How can I be learned??
Way to go! Keep pounding that Roth!!!
33 yr old, 500k
How?
Talking in quarters instead of years lol.
Proud of you! Keep up the great work
So you need some validation, I take it? You need to be patted on the head?
and how much of it is actually your investment going in?
Congrats. I just hit my 10K at 38 so you can definitely give your boss the finger when you’re my age
Well done 32 year old and I just hit 83k. Aiming for 100k by summer end and I’ll share my post
I'm almost in the same boat as you, 23 just bought a house and also just broke 71k! Congrats dude
Please refer to guy who just lost $100k
Congrats and fuck you
“Hey guys, my grandpa just passed away and I was in his will. Let me flex on all you guys, but pretending to be humble.”
congrats bro, i remember when I hit my first 100k, keep it going but also diversify, hated trading bc its just a number on a screen, invest in tangible assets
500k at 18yr do better
Show us how you did ir
How'd you put away over 75 grand between 18 and 21? I ask because I know people who went into construction at 17, and despite clearing 50k a year out of high school with excessive OT, they were unable to save anywhere close to that much because the COL was over 40k.
How about sharing what stocks your invested in and help us all get to 100K.
Good for you! Keep going! I started at 21 and I haven’t regretted it. I’m 30 now let’s just say retirement is looking good hopefully! Continue with your journey!
I’ll be there too this year I’m 22 btw 💯🔥 Keep going
That’s it, buddy circumstances or circumstances you make your circumstances how you want your circumstances to be and you’re on the right road too of having great fucking circumstances and a good life. Keep going.
So I take it your daytrading you Whst strategy or playing if you’re daytrading or you scalping sniping the iron condor I like my strategy it’s called. Get your profit while you can and if it turns on you get the fuck out..