Been working for 9 years before Apple and due to low income, my net worth is only around 200k -250k. Apple pays me 290k TC - including stock refreshers. Are RSU and refreshers the game changer for net worth increase? My RSU is only like 40k a year.
Whats the breakdown like? Invest percentage of your monthly in ETFs and forget about it for years
Congratulations! Never sell AAPL.
There's no secret. If you want o increase net worth there's 3 levers to play with: A) Find ways to increase tc B) Find way to reduce expenses (Inc. taxes) C) invest wisely Looks like your tc is ok, focus on B now. C becomes more relevant once you have saved more money.
I spend a lot that’s the problem … like I do a few international trips a year and never tracks my spending habit :(
I do a couple international trips per year and don't track much. Still save 60%. Those alone are not the reasons. Look into your daily habits and big expenses like housing.
You already have the wrong mentality if you’re trying to get rich quick. Building NW is a lifetime grind. Occasionally you get lucky, like most AAPL employees getting paid in stock that’s gone up several X in only a few years.
@everyone commenting here to not sell AAPL: I completely get the long term value of holding AAPL, but for those of you in California how do you afford to buy a house? Is it ok to maybe sell your first+second year stock grants for down payment of your first home here? Otherwise it will take ages if you just want to save with base alone. So i guess my question is if holding AAPL a better long term financial decision or buying a house instead. My thinking is that AAPL will always go up and if my performance is ok I will always be able to get more refreshers but I’m afraid that I may never be able to afford a house in Cali
Why do you need to afford a house in cali? It’s a really shitty time to buy
Wife and I are starting to grow our family so need more rooms/backyard. We were thinking of buying a place last year but decided to wait, the same place is now 300k more and interest rates have also doubled so it certainly feels like we are being priced out and can never afford! Paying $3500+ a month also seems like throwing money out
Never sell AAPL and your NW will automatically go up. (Not financial advice)
Can confirm HODL Apple and you’ll be rich