Net worth / Age

VMware lmbgggtyr
May 10 82 Comments

Let’s try this one more time. Let’s check who is where in this race.

Assets - liabilities as of today.

600k/33

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TOP 82 Comments
  • Flagged by the community.

  • Pinterest whynut
    700k/25
    May 1015
    • New / Engggg1
      LMAO, hard work @ 25
      May 10
    • Pinterest whynut
      I definitely worked harder than many of the older, more experienced folks
      May 10
    • Sizmek athV68
      Assumin you graduated at 22. Seems near impossible to make 230 k a year in savings. Must be dad then !
      May 10
    • Pinterest whynut
      Or just don't work at companies that pay below market rates. Also, I graduated at 21
      May 10
    • Sizmek athV68
      Name one company that pays you a salary that allows you to live as a decent human being and still save 175 k a year post taxes as a New Grad. Even Hedge funds don’t pay that much ! Get outta here homie !
      May 10
    • Pinterest whynut
      With some promotions and stock growth you'll get there
      May 10
    • Pinterest whynut
      And yes, you're right, my friends in hedge funds don't get paid as much
      May 10
    • Sizmek athV68
      Pretty sure you don’t either. But good luck !
      May 10
    • Airbnb liFu43
      This doesn't seem that surprising after the PINS IPO
      May 11
    • Oracle chloe5
      I don't believe this. Gotta be inheritance.
      May 11
  • Flagged by the community.

  • Pure Storage RogerDoger
    2.6m/37
    May 1011
    • Pure Storage RogerDoger
      Join FANG. Don't sell your RSUs. That is all.
      May 10
    • Apple Will0723
      You did well, but this might not be right strategy always.
      May 10
    • Pure Storage RogerDoger
      Tell that to every billionaire in the world that holds onto stock in their company because they believe in the mission of the company. If you didn't believe in the company, why the fuck do you work there?
      May 11
    • Apple Will0723
      No billionaire put all money in single stock. Keeping all money in company stock is gamble which may or may not pay well. Diversification is imp.
      May 11
    • Pure Storage RogerDoger
      Not selling RSU does not imply keeping all money in company stock. Diversify by buying index funds in 401k or brokerage account. I just don't get the argument that you should sell your RSUs to buy index funds.
      May 11
    • Salesforce 2438ez
      The argument is that if you keep RSUs you are not diversified enough. Your unvested RSUs and your future employment and income are a heavy enough investment in the company. Having a blanket rule not to sell any RSUs is silly. Your RSUs could be 10% of your income or 50% of your income. The ideal choice can’t be to keep all RSUs in both cases. Why let the company decide how much of your stock portfolio is going to be company stock, instead of deciding yourself? If you were compensated in 100% cash, how much stock would you purchase in your company? That’s how many RSUs you should keep - no more, no less. It doesn’t mean keeping more can’t pay off. It certainly has over the last five to ten years. But it’s uncompensated concentration risk, a speculative move.
      May 11
    • Pure Storage RogerDoger
      Yes, I know the argument and think it is bullshit. You should treat RSUs same as other investments - keep the winners, sell the losers. Being actually employed at the company means you have access to "insider" information. By law, you are prohibited to act on this information during the blackout period. But, nobody is prohibiting you from *not* acting on your information. If you are bullish on your company, keep the RSUs and join the ride. Otherwise, LC and hightail it out of there.

      Think of how Bezos manages his portfolio. Is he expressed to higher risk due to having large portions in a single stock?

      Diversify, yes, but do that with your other investments. Only sell RSUs when you need the cash for a large purchase.
      May 12
    • Pure Storage RogerDoger
      Also, look up endowment effect. The argument about how much stock you are willing to buy in the company if compensated in cash falls through because of the endowment effect.
      May 12
    • Salesforce 2438ez
      Yes Bezos is exposed to higher risk due to having large portions in a single stock.

      Yes endowment effect encourages people to not sell RSUs that they probably should, simply because they already have it. That’s what makes the argument useful, to try and mentally step outside the endowment effect.

      Agree to disagree 🤷‍♀️ everyone’s investment decisions are their own. No one knows the future and only time will tell if risks and gambles pay off.
      May 12
    • Pure Storage RogerDoger
      By selling all your RSUs to buy index funds, I feel you are over correcting for the endowment effect and missing out on the potential to do better than the market. I only mention this because someone asked for advice. Other than holding on to RSUs, everything else I did was pretty standard financial planning best practice - live frugally, diversify with index funds, keep winners sell losers, etc. I do feel that I have done slightly better than my peers that sold their RSUs the instant they got them.
      May 13
  • eBay Parked
    50K/37
    May 103
    • VMware lmbgggtyr
      OP
      Why so lo ?
      May 10
    • New / EngBsky
      He lives in third world country. Hence conversion to usd is low
      May 11
    • VMware lmbgggtyr
      OP
      I think col and salaries are pretty high in Switzerland.
      May 11
  • Microsoft WJyo24
    -82k/39
    May 110
  • Amazon cjaP02
    350k/23
    May 102
    • New MVxb56
      👏 good job. May you like to share your secret sauce?
      May 11
    • Amazon cjaP02
      A bit of luck with investments when I was in college, and then saving every penny :)
      May 11
  • New / Other
    DuQvV7y

    NewOther

    BIO
    Did stuff. Hustled hard. Retired
    DuQvV7ymore
    10” (verified)/44
    May 110
  • Apple kylo_when
    69420k/1
    May 100
  • VMware / ProductlRQQ72
    3.8M / 44
    May 115
    • Microsoft OgUa26
      Neat; care sharing how you got there?
      May 11
    • VMware / ProductlRQQ72
      Most of it is real estate, still have mortgages but they now make less than 30% of some of the property values, 10+ years after the purchase. Doing airbnb short term at some, long term at others but worth the extra hassle. Every time I vest I sell the rsus and diversify. Have about 1.4M in unvested stock...
      May 11
    • Oracle chloe5
      Nice....
      May 12
    • Microsoft OgUa26
      Cool stuff VMware! Is 3.8M inclusive of the 1.4M? Where do you do Airbnbs? Are they local to where you live, or do you go through some property management services?
      May 12
    • VMware / ProductlRQQ72
      That is exclusive of the unvested stock but it includes the value of the properties, minus mortgage, all IRAs, 401ks and common stock accounts + money held in savings, waiting for opportunities to invest. It is semi local, I could not make the numbers work with a management company. I have maintenance crews for grass and snow, cleaning service for hause and laundry, rest goes to me...
      Location will not be disclosed to keep anonymity, but it is a very touristy place...
      May 12
  • Oracle jackbauer6
    6m/49
    May 102
    • Microsoft OgUa26
      How did you do it?
      May 11
    • Oracle chloe5
      Take full advantage of 401k. live frugally, invest constantly and consistently. I switched jobs every 3 to 4 years. Spouse had good stock appreciation. Above all frugality is the key word.
      May 12
  • Google coolguy00
    >1M/28 and 6".
    May 100
  • Amazon PIPorGTFO
    110k/30
    May 100
  • Amazon / EngL6SDE
    1.8M/33
    May 100
  • Apple
    300K

    Apple

    PRE
    AMD
    BIO
    Spittoon of Upper Mgmt
    300Kmore
    $1.4M/40
    May 113
    • Microsoft BezosBalla
      You’re where I’m trying to be in 3 years. Long way to go.

      How much farther you going?
      May 11
    • Apple
      300K

      Apple

      PRE
      AMD
      BIO
      Spittoon of Upper Mgmt
      300Kmore
      $2M before I hit 50 and then retire
      May 11
    • Microsoft BezosBalla
      That’s a good goal!
      May 11
  • Expedia jus
    4m/37
    May 102
    • Move JUvY31
      How?
      May 11
    • Expedia jus
      Frugal, living below means, invest in real estate, saving started early on, compunding effect.
      May 11
  • New hqWe60
    1.5m 25 8" checking in
    May 110
  • Tableau / EngDuckDodge
    910k/32
    May 100
  • Facebook crapcake
    5m/40
    May 113
    • Oracle chloe5
      Facebook stock? u did good.
      May 11
    • Amazon kaue
      Impressive!
      May 11
    • Amazon laba
      Would you share what are you doing for making some passive income? Real estate?
      May 11
  • New EUaT03
    90k/20 (still in school and saved $$ from scholarships, internships, and side hustles)
    6d2
    • Microsoft
      fern vbv

      Microsoft

      PRE
      Google, Amazon, Facebook
      fern vbv more
      What are your side hustles?
      6d
    • New EUaT03
      Tutoring and Pro gaming. I don't do either of these anymore, though.
      6d
  • Google / Engpeasant
    2.2M / 34
    May 120
  • Lyft forked
    200k/23
    May 110
  • Google dkkf
    545k/35
    May 100
  • Apple fruitco334
    150k/24
    May 100
  • Google 3/2=1
    2M/39
    May 100
  • Microsoft BezosBalla
    633k/37
    May 100
  • Google / Other
    iamgooglie

    GoogleOther

    PRE
    Apple
    iamgoogliemore
    1.7m / 38. Married. 95% is from my work/property.
    4d0
  • New rja907
    35k / 22
    May 130
  • Rally Health FuPayMe$$$
    230k/31
    May 110
  • Amazon kaue
    275k/33
    May 100
  • Facebook public2
    Always surprised to see how low both of these numbers always are in these polls. Never adds up
    May 100
  • Cypress
    timo

    Cypress

    PRE
    Apple, Broadcom Inc.
    timomore
    600k/37
    May 100
  • Google mycomputer
    ~500k in liquid and real estate / 26
    May 100
  • New / Eng
    10yoe250k

    NewEng

    PRE
    Google
    10yoe250kmore
    350k/28
    May 100

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