Millionaires, how long did it take + how did you do it?
1) How long did it take you to accumulate a net worth in the millions? 2) How did you do it? 3) How old are you? 4) What’s your TC? 5) What do you plan to do with your $$$$$$$$$$$$$$$$ ? TC: 155k YOE: 6 #personalfinance #investments @google @apple @netflix @facebook @meta @microsoft @atlassian @stripe @bloomberg @dropbox @hulu @salesforce @etsy @linkedin @oracle
1 year Crypto
1) A couple of years 2) W-2 income 3) Late 20s 4) Yup 5) Maslow's hierarchy
Whats your TC please
Mad props for Maslow
Age:40+ NW :$6M Made $2.5M with Twitter IPO as a relatively junior engineer Then the rest at FB (currently E6). No other investments except Twitter and Meta stock (made about 500k from a real estate sale) 10 YOE before Twitter at a no-name company (Networth at the time of joining Twitter was $50k :)) (Note: some details except networth might be slightly inaccurate to protect my anonymity)
Everybody fudges details to not doxx, no need to point it out.
DAMNNN
Less than 1 year Age 24 Started working at Amazon for $300k in October Started a crypto trading bot with $2k initial investment the same month and profited $1.6MM from it so far I am now investing $40k a month into stocks and crypto as the markets go down
W
Did you make your own bot or use someone else’s?
i asked my dad
Following
There is a bell icon at the top to get notifications
But It is not there in computer
I was a millionaire at age 31 I got it through mutual funds and real-estate. I bought a house in 2010 (not in the Bay Area) and sold it 9 years later for double its value. My biggest recommendation is minimize credit usage as much as possible. A dollar paid in interest is a dollar you could have invested. I am in my mid 30s. My TC when I first reacted $1 million was $135k My plan is to work on passion projects.
Amazing. Thank you for sharing and reminding us all the power of investing. I'm only really just beginning to level up when it comes to compensation (I was doing this before, but not to the extent that I'm committed to it now with Blind).
1st million at 33; currently worth $4m at 41. First job was $30k/yr, now at $400k with fairly constant annual increases (changed companies 7 times). Biggest recommendation; never sell any assets you acquire (RE, stocks, etc). I sold some vested RSUs to pay off rental property mortgage and missed out on 20+% stock market appreciation. Last item, while your net worth may be big you won’t ‘feel’ rich until your taxable brokerage account is a million by itself. Primary residence, 401k/IRAs are nice but aren’t accessible.p
5 years Saved and invested Late 20s Save and invest
That's at least 120k save per year with sp 500 performance
Step 1) make a lot of money Step 2) save a million bucks