Quick stats on Net worth/future Goal

Undisclosed
xyzabd

Undisclosed

xyzabd
Oct 18, 2018 35 Comments

Keep seeing TC posts with crazy numbers/hard negotiations and wonder if everyone is joining the rat race at the expense of sacrificing work life balance. Also, what realistic $$$ amount is the junta’s end goal net worth wise?

A/S/L/Job/current TC/net worth now/Goal

40/Male/Dir HW PM/SanJose/265k$+145k-spouse/1.85M$/15M$

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 TOP 35 Comments
  • Uber
    randomint

    Go to company page Uber

    randomint
    30/M/SF/400k+/1.2m/$50.

    My goal is not money at all. It’s nice to have but I never put tc as number 1 priority. I just want to work on interesting stuff with high impact on the world. Part of the nw is from founding a company in school and it got acquired. Also have investments that had 400% returns in the past 3 years.
    Oct 18, 2018 9
    • Uber
      Bahh

      Go to company page Uber

      Bahh
      If you don’t call a scale of millions of people that depend on a system to get to different places safely, millions that drive strangers in their car to feed their families or as a side gig is not making an impact you are living in a cave.
      State your facts, I’m all ears.
      Oct 20, 2018
    • Amazon
      nutboy39

      Go to company page Amazon

      nutboy39
      Transportation infrastructure is just that. Infrastructure. Airline companies transport people to, and no one considers their SDEs highly impactful. The fact that Uber combines transportation with a gig-economy of a glorified cabbie isn’t that impressive IMO.
      Oct 22, 2018
  • Undisclosed
    Yvinnf

    Undisclosed

    Yvinnf
    38/M/SWE/Seattle/720k + 400k spouse/$3M/$15M
    Oct 18, 2018 4
    • Undisclosed
      Yvinnf

      Undisclosed

      Yvinnf
      One more thing I wanted to add. you cannot understand lifestyle creep until you have gone through it :-) I could not have imagined owning the house I do now. Even though we are not the most flashy people, our definition of flashy has changed. I know it's "first world problem".
      Oct 18, 2018
    • Uber
      randomint

      Go to company page Uber

      randomint
      Yup, used to stay with room mates sharing a bed room, only had to pay 500 for rent a month, and limit dining out to 10 dollars. Now have a 3br but only using one of it, and 30+ per person meal is standard affair. A lot of wasted money compared to the past.
      Oct 18, 2018
  • 48/M/PM/Seattle/380k/6.5M/10M
    Oct 18, 2018 8
    • 2 kids. One in elementary and one in high school. Started saving for their college via 529s since they were born
      Oct 19, 2018
    • Undisclosed
      xyzabd

      Undisclosed

      xyzabd
      OP
      @woooop - Thank you for all your insights. Gives a good perspective as to what one needs to do to get to the goal!
      Oct 19, 2018
  • Undisclosed
    ufJz68

    Undisclosed

    ufJz68
    26/M/SWE/NYC/145k/330k$/at least $5M, ideally $200M
    Oct 18, 2018 2
    • Undisclosed
      ufJz68

      Undisclosed

      ufJz68
      Is this good or bad?
      Oct 18, 2018
    • Undisclosed
      xyzabd

      Undisclosed

      xyzabd
      OP
      Definitely good. You have your entire career in front of you. Invest your money in real estate and you should be able to get to your 5M$ goal within 10 years! Goodluck
      Oct 19, 2018
  • Undisclosed
    ufJz68

    Undisclosed

    ufJz68
    What do people do to get to 1M net worth by 30?
    Oct 18, 2018 2
    • Undisclosed
      xyzabd

      Undisclosed

      xyzabd
      OP
      Only through equity from Start up going IPO or getting bought...Investing may not bring in that much assuming you only have about 200k to invest
      Oct 18, 2018
    • Undisclosed
      Yvinnf

      Undisclosed

      Yvinnf
      Definitely invest. I prefer real estate over stocks. Too easy to lose money in stocks and you have 4-1 leverage long term in real estate. It's true it may not make you $1M but it's better than nothing.
      Oct 18, 2018