I’m a sought after top performer making $200k at the early age of 25. I grew up poor and idk how to navigate this boat load of cash. How do you deal with all this wealth? Asking for serious answers. Thanks!

If you didn’t go $0 to $200,000- the best advise I ever got was once you surpass the amount you *honestly* need to pay your bills, buy groceries, and grab a bite to eat at a restaurant every now and then- snapshot that amount. Let’s say you reached this when making 75k. Every time you get a raise (or remove a debt) split the additional money you get 4 ways (Savings, Debt, Investments, Fun). Let’s say you were paying $500 a month on student loans and you just paid it off. Now you can take that $500 and split it into those four categories. Now there’s tons of financial bros on this app so I’ll spare you the exact breakdown but having all your needs met first and knowing what amount did that for you will not only humble but also grow your wealth slowly but consistently. This method also helps not “deprive you of fun” as some financial bros would have you do. “Invest it all in bitcoin bruh” lol no hate to financial bros. They’ll probably retire years before I do.

A lot of good advice and irrelevant stuff here, but in all seriousness - making it out of poverty like that is a huge deal, so let me be the one to say well done. I know it was not an easy task. Having so much money when you’re not used to it is hard, and exercising discretion and doing your own research is paramount. Personally, I didn’t let lifestyle drift take me away, I met with multiple financial advisors to fully understand my options and then made my own decisions where the money went, and I gave back to where I came from.

Hire someone to manage your money. You’re not going to make enough good decisions to beat the market in the aggregate by enough to make the time it will take worth it. Get a good financial advisor. Make sure to ask “where did you work in 07?” And if it wasn’t in the same field then don’t use them. You need someone that has actually been through a downturn.

Only at 200K and you're already 25? I'd be worried OP, your poor is showing if you think that's wealth - way behind your peers rn

My advice to you isn’t financial - it’s to learn to tame your arrogance. Perhaps you don’t even perceive it, if your self-awareness isn’t developed - but if you come across like this in real life, you’re going to burn the bridges that you need to get to the next stages in your career. Lots of folks plateau at the senior/manager level because of poor EQ/interpersonal skills - tale as old as time.

Also, many of us were at $200K+ all-in by our mid-20s. You are quite likely not as exceptional as you think you are.

Put it all into crypto

You can zelle me. I can very well manage it

I’m actually shocked at how nice and thoughtful everyone was. I made this post as an attempt to make fun of all the humble brag posts and read all the”humble brag” comments lol. I guess I failed to troll hard enough lol

I’m a sought after top investment advisor. I have made all the young former poor kids wealthy beyond their dreams. Guarantee 12% returns but only take on top performers with boat loads of cash as clients. Need to make $1M+ though. So…

I wish I knew this before but here are your two options:

Option 1 (relatively safer): Deposit one-time $20k - $30k Deposit $100 daily / every other day (or more if you can afford) into an index fund (SPY, VOO, VTI). Automate this. This will you get a really cost avg. Have a time horizon of 15 years

Option 2: somewhat risky but if there’s a stock you like, you can do the same as Option 1 above but instead of an index fund, it’s an individual stock

Who is paying 25 year old 200k in consulting? Age should be a variable with offers!!

Spend wisely and grow your riches so that your descendents will also be rich forevermore.

Save or invest 70% of your after-tax income. Max out 401k.

Get married

Research reputable and established financial advisors

Consider that you are sought after because your bill rate is half of a consultant, I need an associate for my project right now and can’t find one, everyone seem to love the combination of low bill rate and high performance.

Give me your bank account # and I’ll make your problem (& money) go away 🤓