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Hi fishes,
Can you help me with in hand salary?
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Which AMD year did you prefer?
2018 👈 or 👉 2017
Pro
My joining is on Dec 13th …for the last 3 mondaysI will be receiving some mail from tcs like mails about what they are doing and a reminder mail for my joining date but today didn’t get any mails ….when I can expect the joining details in mail…like welcome mail from tcs ?? Tata Consultancy
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Pro
Are we allowed to trade crypto on TD Ameritrade?
Pro
GME and AMC are not doing well today 😂
Microsoft vs Apple vs Amazon, please suggest
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27F - parental support so I didn’t have student loans for college nor did I need to work during the school year, allowing me to fully focus on school and get a high paying job right out of college. Live in a HCOL area with multiple roommates to save on rent ($600-1200 a month for my last few places). Put money aggressively into 401k and Index Funds and have seen high returns in past couple years. Promoted very quickly in my current position. So yep, privilege, luck, and some hard work got me here and I’m super grateful to be in this position. Plan to support my future kids in this way too. Many of my friends are in a similar boat or have even higher net worths because they work as engineers in tech.
NetApp - 85k starting, now at 200k+.
Enthusiast
25M here. Literally all luck. Company stock 5x over the last 2 years. Also threw a huge chunk of my internship salary in eth 5 years ago, i had no idea what i was doing but it ended up working out 😁
Amazing!
Early 30s. 8 years of work . Approx 50/year + growth. Totally doable with plan. I would be curious if someone reached 1M by 30s
50k/year income and you’re already at 1M net worth? What was your rent, how much did you save/invest per year? What were your investments that allowed you to get to 1M net worth?
I lived at home for almost 2 years. Basically had no expenses. Invested my entire salary into S&P500 and some chunks into Bitcoin. I had good fortune but didn’t have that much fun. But now I feel like I have a lot of freedom and fun as my net worth keeps compounding and can spend some of that interest. Around 500k net worth.
32, ~850k NW (not including spouse)... bought a rental property w a buddy at 25... always invested ~10-15% in 401k. Had some really low income years, 20k, 25k at 26 and 27 due to switching industries now back to around 300k/yr. Always lived on 60k or less
1) No education debt (going to lesser ranked schools on full rides v. more prestigious at sticker)
2) Convincing wife to quit teaching and do step 1
3) double BigLaw salary
4) choosing to work at a prestigious firm in a LCOL city verses NY or DC
Cravath scale in Midwest sounds so good!
30M ~ 1.1M... graduated from both my undergrad and graduate programs debut free as I managed scholarships for undergrad and worked full time while attending my masters program. Both a house within two years of graduation by living together with my wife which I meet during my masters program. Paid off the house in 3 years. Never owned a car that was not bought cash and the max we spent on a car was 15k. Got good reliable Lexus vehicles which need limited maintenance. Now we are able to live of 40k annually and invest about 150k a year into the brokerage account after 401k. I use personal capital for my investment strategy and has been working out well for me.
Half a decade of DINK
Got married, resulting in dual income, bought and sold property condo and home, which appreciated. Maxed 401ks as often as possible.
Have a non RE non crypto one for you.
Around 10 years ago in my early 20s I had saved up enough for a down payment on a house (around 100k). At the time I had read some papers that the optimal retirement investment strategy was to take as much debt as possible as soon as you can and put it all into an index fund. I am paraphrasing but the papers were convincing. So instead of buying the house I got a brokerage and applied (and got approved) for portfolio margin on my 100k. Went on margin and put it all in a variation of SPY. Needless to say it worked out*, and much better than the housing market in the area I had been looking.
*so far
Early 40s so older than 30s. Investments - a bit in Crypto and other investments. 401k, low debt, 50k in student loans. Opened personal injury and mass torts firms. Firms worth about $30 million if I sold now. About $150 to $200 million in 5 years when all of our cases settle. Put it all into mass torts. Well the right mass torts. But of course IRS will take half for taxes. Nice seeing how everyone did it.
We don't go after doctors. I am not a med mal attorney. I go after companies. Like hernia mesh manufacturers that had defective mesh where people lose testicles, have holes in their stomachs, have their insides mangled. Boy Scouts insurance companies where there was sex abuse. Roundup Monsanto where the people should have been wearing hazmat suits and people have to live with cancer. Zantac where one pill was equivalent of smoking 500 to 700 cigarettes and that caused 10 different cancers. And yes we have the run of the mill auto crashes, fire, drowning, and slip and fall cases. To each their own. I couldn't do criminal or boring paper pushing.
Looks like no student loan debt is the major differentiator here. Gotta love my t-14 law school degree with a little gold stamp of “magna cum laude” and my still high five figure student loan balance 2.5 years out. Mistakes were made
Guessing you already had the v20 offer when you turned down Harvard?
~$750k at 29. If I counted my partners NW, we are close to 1M.
Parents paid for undergrad tuition and blessed me with a Corolla but I waited tables for rent and expenses. I also tutored which set me up to ace the gre and secure scholarships for grad school.
21yo: First job I quit grad school for and was laid off. No money saved.
22yo: Back to grad school and made a career change to consulting. Made $50k for 2 years until I graduated. At like -$5K NW.
23yo: Raise to $56k and like $5k NW
24yo: Move to a bigger consulting firm at $80k and am able to start saving. Up to $15K NW
25yo: Raise to $102K. Up to $30K NW
26yo: Raise to $112k. Save enough for down payment for first home. $60K NW
27yo: Switch to late stage start up for $175k TC $120K NW
28yo: not much of a raise, but bought a new home and rented out the old one: $190K NW
29yo Got a promo $185k TC. Both houses dramatically appreciate. Company IPOs. TC now $400K. $750K NW.
30yo: looking to buy a new home and rent the others out and eventually try my luck at a new IPO. Rinse and repeat. Same as others, Max 401k, backdoor Roth, VOO, and Cloud provider stocks. Negligent crypto except made 5K on doge and 1K on GME. But also, as a brag, have never had to work more than 40 hour weeks
I’m 36 years old. Paid for school via working, scholarships, and taking on debt. No assistance from my parents but I graduated after 5.5 years with 2 degrees at an instate public university in a state no one cares for, $25,000 of federal loans and $15,000 of credit card debt. I’m now worth $800,000 primarily from: 1) never upgrading my lifestyle when I got raises, 2) saving and investing my bonuses (or paying off debt) rather than splurging on consumerism or travel, 3) not having children, 4) real estate (the house I bought in 2014 for $250k is now worth $515k), 5) and really nailing career progression and raises, 6) choosing to live in ultra HCOL cities while keeping my expenses really low (minimalist) because employer 3% match on a big ass number is always higher than an employer 3% on a small number.
Rising Star
Privilege and/or sensibility + ability + luck + discipline with savings
Not me (I’m younger) but spouse got admitted to NYU/Columbia, but chose a CUNY to save. Managed to get a Wall St job out of college and moved up to a HF job, working for a billionaire trader that is a household name.
I think things have also gotten a lot more competitive / harder to make $$$$ since then, at least in finance though.
Spouse also works at MBB; we live in a LCOL city but get the standard salaries.
25M, 800K, bought a house before COVID, sold after, built new one, leveraged low interest rates, made a killing off COVID recovery, head down, worked hard, oh and married rich
Conversation Starter
Crypto and growth stocks (for me, Apple and Tesla)
I hit on GameStop stock.
Comparison is the thief of joy you know? That said I invested in crypto in 2014. I had no student loan debt because I got my degree in computer science and economics on full scholarship which helped me figure out to invest in crypto. Grew up in lower class doing manual labor as a child.
Crypto + equity ipo
Rising Star
Sadly through an inheritance.