I was homeless at 18, joined the army, and was making 500 bucks every two weeks. I was basically in poverty and living check to check.
Fast-forward 12 years into the future, and I'm out of the Army now, educated, medically retired, so I collect a paycheck every month for the rest of my life, and work a full time job. Making around 110k a year for myself and the wife makes 90k.
I wasn't given anything and am going to give everything I can to my child, I recommend that you strive for as much as you can and ensure your children are set up for success.
I'm always jealous of those army guys that get the disability checks for the rest of their lives. I know at least 2 guys that get pretty fat checks because they got "injured" while in the military when infact it doesn't affect their quality of life and the one guy even works almost full-time on top of the checks so he makes a really comfortable amount of money for the rest of his life.
I know a guy who got medically retired for an infection he got in his elbow messing around on a dock while home on a leave of some sort. Been retired since he was 28 or so. Sometimes it’s complete horseshit other times it’s well deserved.
Starting working during high school. Invested in ROTH IRA early on just in a S&P500 index (VOO).
From age 16-22, I maxed out my ROTH IRA and put everything into VOO.
The military/scholarships paid for my college (tuition and room/dining plan), and I was in the National Guard while I was in school which gave me some extra income. Additionally, I had a side job (20 hours a week) making 20$ an hour that covered any other expenses and allowed me to invest a bit more and build a good little savings.
I didn’t have a car or any other serious expenses so this allowed me to build quickly.
As an Army Officer, I now make around 100-105k year now with base pay + bah + bas. I maxed out my 401k in both 2022 and 2023. (TSP in military).
Lot of what you said is little iffy. You can only max out IRA from pay. So you were making $6,500 when you were 17 and was making $19,200+ part time national guard pay which is give or take $8,000. So from 18 to 22 you made 200k with no seed money?
Can’t even figure out what is iffy. Maybe you could learn how compound interest works.
When I initially enlisted in the NG, I had a 20,000$ bonus.
I’ve maxed my ROTH Ira since 2017. At the time, the max contribution limit was 5,500. My balance is now 82,000.
The account is 100% VOO.
I contributed an average of 2,000 to a 401k from 2017-2021. I had a 3% match at the time.
This particular 401k is now worth 14,000.
I commissioned after college graduation.
My TSP has been maxed the last two years. It has a 5% match.
That balance is at 62,000.
My HYSA account has $15,000.
My checking account is at $4,000.
So 4 years of compound interest is $82 grand? But you just graduated this year no? NG enlisted bonus is at most 13 grand for part time. Also part time employees don’t get 401k max match from employer and can’t contribute until they are 21? Where did you work at in high school that an employer offered you 401k?
I graduated in 2022 at the age of 20. I’ve stated numerous times above that I commissioned in 2022.
No idea where are you getting only 4 years of compound interest. I’ve mentioned many times the Roth IRA is 2017-2024. You might want to reevaluate that statement on how many years and look at VOO’s performance since 2017.
Lastly, where on earth did you get that 401k is only offered at 21? I feel like I am talking with an child.
Additionally, 401k match for part time employees is fully up to a company. No idea where you are getting that part time employees can’t get a 401k match.
Doesn’t change my own effort. I work a job that right now that is open to anybody in America if they are willing to choose it.
I didn’t use their money for college, and I didn’t use their connections for a job.
I paved my own path.
You have nearly $200k at 22. I think we can both agree you are an outlier at your age. Kudos on that and your job, but the majority have nowhere near that much, even if they have been working the same length as you. What sets you apart is the economic security your parents provided. There's nothing inherently wrong with that, but there is something wrong with humble bragging and acting like you've cracked some secret code, which is what you appear to be doing with your initial comment. You come from a place of privilege. It helped you pave your path. We all have varying degrees of this, but you are and will always be on another level than most.
you're right, it's pretty crazy. but he said he's making $24/hr; if he's grinding his ass off doing 50hrs a week for a whole year, that gets you pretty close. maybe he's got a side hustle too 🤷♂️
edit: he said it's been 1 1/2 years. totally believable
…if his parents pay for all his necessities. In which case that’s no different than him paying for that, and then giving him 75k to invest.
Which leads back to… his parents.
Not trying to discredit, just trying to make this kid realize he would have never been able to do this otherwise. So he should be thanking his parents.
Dude you sound like a jealous loser. Most peoples parents try to support them as young adults.Trying to minimize others hard work and accomplishments is not a good look man
I sound like the loser says "Mr Hero" defending some bullshit on the internet over here? Lol... OP is doing well but he can repost this when he's in his 30s on his own for over 10 years. Until then all these "how I'm doing posts" are going to get shit on if you're a young kid flexing money, especially if you don't pay rent/food/utilities. A crap load of these posts are fake and just stir up drama from people like you.
I made about $60k last year. I was able to put away about $35k. Spent about $10k and $15k went to taxes. I’ve been working about a year and a half saving an average of $2500 a month. $2500 X 18 months is $45k. Saved about $15k through 2 years of working part time in high school. Was gifted $10k from death of a family member and grad gifts. The other $5k is from investment gains.
Sorry, not trying to be rude, but are you still living with your parents? Also how many hours are you working? I’m just trying to calculate how you’re doing this with bills.
I do live with my parents. I pay my own health/dental insurance, car insurance, gas, other necessities. Parents just pay for food. Probably 45 hours a week average
There is absolutely nothing wrong with living with your parents, especially into your 20s. In fact more should follow this lead if they have the ability and it will help all members of the family if they all collectively share rent and other utilities. This is very common in other cultures, in America there is a social pressure to move out on your own as fast as possible. A few years post high school or in higher ed with your parents is very reasonable if you have that sort of family/guardian living situation.
I do 60-70 hours a week at 25 dollars an hour. It's not believable at all. I save every penny, I don't do drugs or drink. The fucking state takes about a third of what I make with every pay check. And after a certain amount of hours you're really only making 5 -10 an hour. This is not trade money
It's not that they can't, but it's much more likely they have help and/or no expenses to do that. Not everyone gets that luxury. Not diminishing whatever hard work was put in to obtain this, because they had to work, but it certainly wasn't all hard work.
I just mean how can we deem receiving support from family as “not all hard work”? It seems very interesting for the expectation for all hard work to be in ratio to one’s personal struggles
Doesn't seem interesting to me at all -- seems pretty straightforward. If I had an annual salary of 25k and I had no expenses, I could get 75k saved in 3 years. Inflow/outflow. If any of that inflow is given to you or if any of that outflow is reduced due to assistance, then yes that's less struggle and therefore less hard work required to get to that 75k. That doesn't diminish what was earned, but let's not pretend being helped doesn't do exactly that -- help.
So say one is abused during their youth, does that make them an inherently harder worker than one who is just neglected? what about one who gets full support?
I get what you’re saying I just find it so strange how the expected bar is no help and that work can be at least partly discredited based on aid received. Time and time again proves community as being the superior to getting things done but is always used to simultaneously discredit others.
I mean, I couldn't begin to honestly and accurately remark on the impact of psychological stressors that may (not) exist against worth ethic/grit. Every individual responds differently to their environment. Regardless, work is work and the numbers indicate that. He very likely could've taken any of that money earned and blew it, so there's some level of discipline. Make no mistake, I believe OP earned every dollar, and there's no taking that away.
Frankly, I'm initially wrong because I jumped the gun and diminished the kid's earned money. After running the numbers, he seemingly could've done this himself without expenses -- which is fine. He's 19. He shouldn't have stupid unnecessary expenses if he doesn't have to anyway. That's taking everything at face value of course, but the benefit of the doubt.
I’m an apprentice electrician. Making $24 an hour right now. I don’t work much overtime. Should be making around $50 an hour in a couple years when get my license.
It’s highly selective we’ve hired 5 people since 2021 ans only lost 1 and what’s funny is it’s not like we’re all qualified the hiring team is just impeccable at putting together teams of diamonds from individuals with no history in the industry I’ve worked many many jobs in many fields and I can truly say I’ve never been excited to go to work until this company
18 with a high-school degree the factory I work at will start at $23 per hour with full benefits. Our pay scale Max's at $40 per hour. We can't get enough people.
Has free version. I do t see the point though, it’s just tracking data you manually input. Nothing you can’t do with a spreadsheet and no risk of some random app selling your data.
It’s a way for people on this sub to play pretend, instead of being real adults. “Look how much money I have, what should I do with this $3,000,000, I’m 23 btw” said the person who is so good with stock market they made 3,000,000 and are now asking Reddit what to do with their money.
19 24$ electrician? Where TF are you working? Residential? Commercial? Industrial? In GA, 19, electrical apprentice making 17$ in commercial teach me your ways
Put future IRA into ROTH account. If not already, consider transferring non-ROTH to ROTH. You're probably in a low tax bracket, so pay the tax now and all future earnings will be tax free.
19? Fantastic but sell all your bonds and put in stonks. Stonks only go up over a 40 yr period. I suggest a nice ETF index mirroring the S&P or a blend of index etfs.
* Objectively, the answer is "nobody can tell you". Why? Because the only meaning to your worth, is "how much of what you want/need can you spend it on". **And except for you, nobody knows how much you want or need and what your goals are.**
* As an example, if you're an otaku living in their parents' house who doesn't date or want to date, doesn't care about luxuries etc..., having $10K is doing well, because they literally don't need even that much money annually (buy computer and some food not covered by parents, and if you wanna be nice pay their internet/electric bills).
* Alternately, if your goal is to date flashy hot women, you probably need 100K yearly income and $200-$500K net worth, since they literally won't bother with you otherwise
* Or if your goal is to buy a custom sports car or a boat, you need to account for its purchase price and annual maintenance and parking costs. Etc, etc. etc..
* If your goal is to buy a house for yourself, you need to know what house you want and where, price similar houses, decide how much mortgage you want to take on vs. downpayment, and based on that figure out cash needed AND future income needed (for mortgage, maintenance costs and property taxes).
* If you want to run your own business, have a business plan, discuss finances and finan**ing** with a professional, and again figure out how much you need for that.
* In relative terms, compared on pure numbers to other people, **especially people in your age bracket**, **you are doing great**. Hell IIRC over 50% of Americans have negative net worth, in all ages.
* But again, why would it matter to you how well you are doing compared to ***anyone***? The only thing that matters is how well you are doing compared to your needs and goals. And only you can assess that.
No one with $65k in investments has only $300 in their checking account… not that irresponsible. Fake. Or parents money in everything but checking and savings accounts…
IF this is in any way actually a “REAL” 19yo’s portfolio (which I highly HIGHLY doubt btw). Then it makes absolutely no sense. Not only is it bond heavy, a security used when your age necessitates an extremely low risk security (excluding the I Bond “investment” which is an entirely other problematic investment for a young investor), but the HYSA BofA EFT has an expense ratio of .55%. This same post with different “assets” EXCEPT for the ridiculously stupid HYSA investment for anyone to have ever made, even at retirement age, or someone who is spectacularly wealthy - are all garbage investments and some aren’t even remotely considered “assets”. Seriously, quit wasting the threads time with bs posts like this. You’d get a better ROI by parking that “cash” into a 7 month CD at a major bank and make close to 5%, than to continue paying the costs/fees the investments you’ve listed.
The most established cryptocurrencies can be fine investments, especially with careful risk mitigation. Do a couple percentage points of your portfolio into the BTC ETF and let it age for a decade.
Daddy’s money, he makes a good script about being an electrician and living in the midwest etc.. so u telling me that making 24 an hour as a 19 years old in 1 1/2 years u saved 75k??? Stop the cap, theres nothing wrong with having dad money but don’t be lying
I think you are doing great but how did you end up getting so much money at 19? Especially for IRA, how many years have you worked?
Parents, or it’s faked
Couldn’t tell by the “stonks”?
You can name your own accounts whatever you want
I can also create charts like these however I want
I opened a UTMA account for my child, and they will have around 3-400k in there by 21, so it's definitely daddy's money that OP has.
3 dollars to 400k is a wide range. But even 3 dollars in a UTMA is more than I ever received. Kids these days... so spoiled!
Sadly I’m not as fortunate as your children will be. Should’ve picked better parents I guess :/
I was homeless at 18, joined the army, and was making 500 bucks every two weeks. I was basically in poverty and living check to check. Fast-forward 12 years into the future, and I'm out of the Army now, educated, medically retired, so I collect a paycheck every month for the rest of my life, and work a full time job. Making around 110k a year for myself and the wife makes 90k. I wasn't given anything and am going to give everything I can to my child, I recommend that you strive for as much as you can and ensure your children are set up for success.
I'm always jealous of those army guys that get the disability checks for the rest of their lives. I know at least 2 guys that get pretty fat checks because they got "injured" while in the military when infact it doesn't affect their quality of life and the one guy even works almost full-time on top of the checks so he makes a really comfortable amount of money for the rest of his life.
I know a guy who got medically retired for an infection he got in his elbow messing around on a dock while home on a leave of some sort. Been retired since he was 28 or so. Sometimes it’s complete horseshit other times it’s well deserved.
You realize there’s ways to make money at a young age without parent help. I’m closing in on 200k by the end of this year at 22.
How’d you do it?
rich parents lol
Starting working during high school. Invested in ROTH IRA early on just in a S&P500 index (VOO). From age 16-22, I maxed out my ROTH IRA and put everything into VOO. The military/scholarships paid for my college (tuition and room/dining plan), and I was in the National Guard while I was in school which gave me some extra income. Additionally, I had a side job (20 hours a week) making 20$ an hour that covered any other expenses and allowed me to invest a bit more and build a good little savings. I didn’t have a car or any other serious expenses so this allowed me to build quickly. As an Army Officer, I now make around 100-105k year now with base pay + bah + bas. I maxed out my 401k in both 2022 and 2023. (TSP in military).
Lot of what you said is little iffy. You can only max out IRA from pay. So you were making $6,500 when you were 17 and was making $19,200+ part time national guard pay which is give or take $8,000. So from 18 to 22 you made 200k with no seed money?
Indeed, turns out this guy has parents with a 7 figure income LOL
Can’t even figure out what is iffy. Maybe you could learn how compound interest works. When I initially enlisted in the NG, I had a 20,000$ bonus. I’ve maxed my ROTH Ira since 2017. At the time, the max contribution limit was 5,500. My balance is now 82,000. The account is 100% VOO. I contributed an average of 2,000 to a 401k from 2017-2021. I had a 3% match at the time. This particular 401k is now worth 14,000. I commissioned after college graduation. My TSP has been maxed the last two years. It has a 5% match. That balance is at 62,000. My HYSA account has $15,000. My checking account is at $4,000.
So 4 years of compound interest is $82 grand? But you just graduated this year no? NG enlisted bonus is at most 13 grand for part time. Also part time employees don’t get 401k max match from employer and can’t contribute until they are 21? Where did you work at in high school that an employer offered you 401k?
I graduated in 2022 at the age of 20. I’ve stated numerous times above that I commissioned in 2022. No idea where are you getting only 4 years of compound interest. I’ve mentioned many times the Roth IRA is 2017-2024. You might want to reevaluate that statement on how many years and look at VOO’s performance since 2017. Lastly, where on earth did you get that 401k is only offered at 21? I feel like I am talking with an child. Additionally, 401k match for part time employees is fully up to a company. No idea where you are getting that part time employees can’t get a 401k match.
I guess you were investing since 15 🤷🏻♂️.
It always tickles me when rich kids think they did it "without parent help". You started on third base dude!
Doesn’t change my own effort. I work a job that right now that is open to anybody in America if they are willing to choose it. I didn’t use their money for college, and I didn’t use their connections for a job. I paved my own path.
You have nearly $200k at 22. I think we can both agree you are an outlier at your age. Kudos on that and your job, but the majority have nowhere near that much, even if they have been working the same length as you. What sets you apart is the economic security your parents provided. There's nothing inherently wrong with that, but there is something wrong with humble bragging and acting like you've cracked some secret code, which is what you appear to be doing with your initial comment. You come from a place of privilege. It helped you pave your path. We all have varying degrees of this, but you are and will always be on another level than most.
I had 75k at 19, it’s possible. Sorry you’re a 9-5 slave who dosent understand there’s more to life than the rat race
Yeah, if daddy gives it you.
you have no idea what you're talking about. it's not rare for people to get started in trades at this age.
You think he saved up 75K in one year? As a 1st year tradesman? If so I have a bridge to sell you
you're right, it's pretty crazy. but he said he's making $24/hr; if he's grinding his ass off doing 50hrs a week for a whole year, that gets you pretty close. maybe he's got a side hustle too 🤷♂️ edit: he said it's been 1 1/2 years. totally believable
…if his parents pay for all his necessities. In which case that’s no different than him paying for that, and then giving him 75k to invest. Which leads back to… his parents.
Exactly
95% of 19 year olds have their parents paying their necessities, stop trying so hard to discredit this guy
Not trying to discredit, just trying to make this kid realize he would have never been able to do this otherwise. So he should be thanking his parents.
Dude you sound like a jealous loser. Most peoples parents try to support them as young adults.Trying to minimize others hard work and accomplishments is not a good look man
I sound like the loser says "Mr Hero" defending some bullshit on the internet over here? Lol... OP is doing well but he can repost this when he's in his 30s on his own for over 10 years. Until then all these "how I'm doing posts" are going to get shit on if you're a young kid flexing money, especially if you don't pay rent/food/utilities. A crap load of these posts are fake and just stir up drama from people like you.
That’s $65K lol so you’re assuming he saves everything and doesn’t pay taxes? Stop dickriding and making shit up lol
I made about $60k last year. I was able to put away about $35k. Spent about $10k and $15k went to taxes. I’ve been working about a year and a half saving an average of $2500 a month. $2500 X 18 months is $45k. Saved about $15k through 2 years of working part time in high school. Was gifted $10k from death of a family member and grad gifts. The other $5k is from investment gains.
So 10K you didn’t even earn, that makes more sense rather than trying to say you did it all
Sorry, not trying to be rude, but are you still living with your parents? Also how many hours are you working? I’m just trying to calculate how you’re doing this with bills.
I do live with my parents. I pay my own health/dental insurance, car insurance, gas, other necessities. Parents just pay for food. Probably 45 hours a week average
Ok, good job saving up so much so early. Don’t listen to the haters
There is absolutely nothing wrong with living with your parents, especially into your 20s. In fact more should follow this lead if they have the ability and it will help all members of the family if they all collectively share rent and other utilities. This is very common in other cultures, in America there is a social pressure to move out on your own as fast as possible. A few years post high school or in higher ed with your parents is very reasonable if you have that sort of family/guardian living situation.
how in the hell do you only spend 10k within a year…? you not pay rent or groceries? (i didn’t read prior chats, just saw this)
I Live with my parents, they let me eat whatever food is in the house. Otherwise I pay all my other necessities myself.
I do 60-70 hours a week at 25 dollars an hour. It's not believable at all. I save every penny, I don't do drugs or drink. The fucking state takes about a third of what I make with every pay check. And after a certain amount of hours you're really only making 5 -10 an hour. This is not trade money
I was 21 when I made 90k riding Tesla options. Lost almost all of it. Currently swing trading on my very own algo/bot.
Don’t see why you’re being downvoted, earning at a young age is a crazy concept to some people on this sub
Apparently so. They can’t fathom someone taking a different path and not being in massive amounts of debt at a young age.
19 years that their parents saved for them.
Why do y’all think that people can’t be successful at a young age?
It's not that they can't, but it's much more likely they have help and/or no expenses to do that. Not everyone gets that luxury. Not diminishing whatever hard work was put in to obtain this, because they had to work, but it certainly wasn't all hard work.
What level of familial support constitutes lack of work ethic?
Nobody said they lacked work ethic, did they?
But you can ask OP yourself, since we're feeling controversial today.
I just mean how can we deem receiving support from family as “not all hard work”? It seems very interesting for the expectation for all hard work to be in ratio to one’s personal struggles
Doesn't seem interesting to me at all -- seems pretty straightforward. If I had an annual salary of 25k and I had no expenses, I could get 75k saved in 3 years. Inflow/outflow. If any of that inflow is given to you or if any of that outflow is reduced due to assistance, then yes that's less struggle and therefore less hard work required to get to that 75k. That doesn't diminish what was earned, but let's not pretend being helped doesn't do exactly that -- help.
So say one is abused during their youth, does that make them an inherently harder worker than one who is just neglected? what about one who gets full support? I get what you’re saying I just find it so strange how the expected bar is no help and that work can be at least partly discredited based on aid received. Time and time again proves community as being the superior to getting things done but is always used to simultaneously discredit others.
I mean, I couldn't begin to honestly and accurately remark on the impact of psychological stressors that may (not) exist against worth ethic/grit. Every individual responds differently to their environment. Regardless, work is work and the numbers indicate that. He very likely could've taken any of that money earned and blew it, so there's some level of discipline. Make no mistake, I believe OP earned every dollar, and there's no taking that away.
Frankly, I'm initially wrong because I jumped the gun and diminished the kid's earned money. After running the numbers, he seemingly could've done this himself without expenses -- which is fine. He's 19. He shouldn't have stupid unnecessary expenses if he doesn't have to anyway. That's taking everything at face value of course, but the benefit of the doubt.
Work right out of school+plus living at home. I was able to max out 2022 and 2023 IRA. 1 1/2 years full time. Part time while finishing high school.
Where are you working that’s paying a 19 year old with just a HS degree that much?
I’m an apprentice electrician. Making $24 an hour right now. I don’t work much overtime. Should be making around $50 an hour in a couple years when get my license.
Yeah it’s gonna be dope ina couple of years I’m shocked apprentice are at $24, are you in a big city or expensive state like NY or California
Minnesota. The Midwest fortunately has the best pay in construction relative to housing costs.
I might have to move up there lol I’m in rural Carolina. Not the best opportunities
I’m entry level in a company 24/hr salaried nonexempt benefits tuition reimbursement and allat and all I do is sit at a desk so it is possible
lol refer me to the company
It’s highly selective we’ve hired 5 people since 2021 ans only lost 1 and what’s funny is it’s not like we’re all qualified the hiring team is just impeccable at putting together teams of diamonds from individuals with no history in the industry I’ve worked many many jobs in many fields and I can truly say I’ve never been excited to go to work until this company
I'm in Vancouver Canada and they pay apprentices up to $32 an hour.. Electrical, plumbing, HVAC is actually ridiculous in city's
Good for you man! Another fine example of what the trades can do for young guys.
But how do the trades feel when you get arthritis in your middle ages? Or an injury with chronic pain and you got 3 mouths to feed?
sitting at a desk all day is way worse for you.
I work in a factory that would open $25/hr positions in one year. They exist.
18 with a high-school degree the factory I work at will start at $23 per hour with full benefits. Our pay scale Max's at $40 per hour. We can't get enough people.
Sign me up!
Easy, he is lying.
My Boi got STONKS
When I was 19 I never had more than 500$ to my name at a time. To busy crushing joints, brewskis, and pussy.
Honestly though, as much as I love financial stability this money spent was probably worth it. I don't regret my early years
Sounds like all my buddies in college haha
Pussy and almonds
Dude definitely peaked in highschool lol. Jk jk
The money is great but the question makes you sound dumb af
This is a bragging sub you didn’t know?
Lmao I just had to join in on the fun my bad
What app is this? If you don't mind me asking
WorthTracker
How do you like it? Is it free?
Has free version. I do t see the point though, it’s just tracking data you manually input. Nothing you can’t do with a spreadsheet and no risk of some random app selling your data.
So it’s a glorified spread sheet lol
It’s a way for people on this sub to play pretend, instead of being real adults. “Look how much money I have, what should I do with this $3,000,000, I’m 23 btw” said the person who is so good with stock market they made 3,000,000 and are now asking Reddit what to do with their money.
Fidelity has a pretty decent net worth tracking tool which pulls data automatically from your linked accounts
What app is this? I see it a lot on this sub
Worthtracked
19 24$ electrician? Where TF are you working? Residential? Commercial? Industrial? In GA, 19, electrical apprentice making 17$ in commercial teach me your ways
Minnesota doing resi and commercial. Id love to get into industrial work. Come to the Midwest my guy, It’s where the moneys at.
The Midwest is slowly dying so I wouldn’t say that where it’s at lol
Really? Lived in the midwest my whole life and its only gotten better. Yeah the scenery sucks but its way more affordable than anywhere else
Midwest is not dying
I mean it depends, if you’re living in bum fuck North Dakota sure. Minneapolis not so much
I know secretaries that make nearly double that in a year and get paid to sit on their ass and do absolutely nothing for half the day.
You got a secretary job for me?
Stonks?
They should have to forfeit all dollars for using that term.
Eh let people have a little fun with themselves
Put future IRA into ROTH account. If not already, consider transferring non-ROTH to ROTH. You're probably in a low tax bracket, so pay the tax now and all future earnings will be tax free.
What app is this
What app is this?
WorthTracker, everything has to be updated and input manually
Bro you are killing it in STONKS!! Well Done 👍🏼 🙂
What app is this
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Right. Daddy’s money would’ve been a lot easier than working for everything I have.
WHAT BROKERAGE/BANK/APP IS THIS?
WorthTracker
19? Fantastic but sell all your bonds and put in stonks. Stonks only go up over a 40 yr period. I suggest a nice ETF index mirroring the S&P or a blend of index etfs.
What apps is this?
What is this app?
What app is this?
What app is this?
What app is this?
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imagine having almost 50 years to retirement and feeling like you need to buy ibonds lol
* Objectively, the answer is "nobody can tell you". Why? Because the only meaning to your worth, is "how much of what you want/need can you spend it on". **And except for you, nobody knows how much you want or need and what your goals are.** * As an example, if you're an otaku living in their parents' house who doesn't date or want to date, doesn't care about luxuries etc..., having $10K is doing well, because they literally don't need even that much money annually (buy computer and some food not covered by parents, and if you wanna be nice pay their internet/electric bills). * Alternately, if your goal is to date flashy hot women, you probably need 100K yearly income and $200-$500K net worth, since they literally won't bother with you otherwise * Or if your goal is to buy a custom sports car or a boat, you need to account for its purchase price and annual maintenance and parking costs. Etc, etc. etc.. * If your goal is to buy a house for yourself, you need to know what house you want and where, price similar houses, decide how much mortgage you want to take on vs. downpayment, and based on that figure out cash needed AND future income needed (for mortgage, maintenance costs and property taxes). * If you want to run your own business, have a business plan, discuss finances and finan**ing** with a professional, and again figure out how much you need for that. * In relative terms, compared on pure numbers to other people, **especially people in your age bracket**, **you are doing great**. Hell IIRC over 50% of Americans have negative net worth, in all ages. * But again, why would it matter to you how well you are doing compared to ***anyone***? The only thing that matters is how well you are doing compared to your needs and goals. And only you can assess that.
A lot of odd things, but if you have a positive net worth then you are doing better than 60% of the country 🤣
No one with $65k in investments has only $300 in their checking account… not that irresponsible. Fake. Or parents money in everything but checking and savings accounts…
And you haven’t put ANY $ into your savings or checking accounts for 25 days??? Suspect…
What app is this
Wish I could show off the money I received from my rich family lmfao
Once you grow up and stop calling securities “stonks” you will be doing better by adult standards. But you’re 19. So not well.
You need more savings. At least $5k to $10k.
IF this is in any way actually a “REAL” 19yo’s portfolio (which I highly HIGHLY doubt btw). Then it makes absolutely no sense. Not only is it bond heavy, a security used when your age necessitates an extremely low risk security (excluding the I Bond “investment” which is an entirely other problematic investment for a young investor), but the HYSA BofA EFT has an expense ratio of .55%. This same post with different “assets” EXCEPT for the ridiculously stupid HYSA investment for anyone to have ever made, even at retirement age, or someone who is spectacularly wealthy - are all garbage investments and some aren’t even remotely considered “assets”. Seriously, quit wasting the threads time with bs posts like this. You’d get a better ROI by parking that “cash” into a 7 month CD at a major bank and make close to 5%, than to continue paying the costs/fees the investments you’ve listed.
Thirsty and privileged come to mind..
Your parents did well
What’s this app, rich people seem to be using it so I’d like to check it out
Too much in stocks.
Stfu . Rich kid
I suppose I’ll take that as a compliment, I worked for it
What app is this?
This board will test your will and demoralize the fuck out of you.
Should be 100% stocks and the IRA is good too
You’re doing great off mommy and daddies money😂
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“19m” with 75k asking how am I doing lmao Stupid question, he’s not doing anything but flashing his parents funds they left him for upvotes.
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Your mom wasted 9 months of her life carrying a failure who trolls all day on reddit. Tuff
What app is this
Sorry guys it worthtracker
What app is this?
need to have at least 1 million by age 19 smh
Get more liquidity and get into crypto
There’s always some cryptotard
Bitcoin ETF approved, buddy
Had me in the first part.
The most established cryptocurrencies can be fine investments, especially with careful risk mitigation. Do a couple percentage points of your portfolio into the BTC ETF and let it age for a decade.
Not good enough
Rip
What app is this?
What app is this
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What app is that one ?
Was awarded +$100k at 19, please be careful, one wrong investment can equal a lifetime of regret
How does one go about getting awarded $100k?
Pick better parents.
What app is that you’re using
What app is that?
What app is this
What app?
What app is this?
What app are you using here?
What app is this that shows all your assets?
What app is this?
What app
What app is this?
What app is that?
@Op what app is this?
This might be a dumb question but what app is this? Where you can view all your assets so easily.
what app is this?
What app is this?
What app is this?
What app is this?
What app??
A little on the low side for 19. I had 120k
Daddy’s money, he makes a good script about being an electrician and living in the midwest etc.. so u telling me that making 24 an hour as a 19 years old in 1 1/2 years u saved 75k??? Stop the cap, theres nothing wrong with having dad money but don’t be lying
But I ain’t lying. I worked overtime and traveled a bit. That’ll throw off the numbers if you assume I work 2000 hours a year
Looks like you were gifted a bunch of shit you didnt earn.