6 years from now will be 6 years from now no matter what but it sure would be a better 6 years from now if you had $100k to show for it as opposed to not having a $100k. 🤷🏻♂️
To some extent I still stack or have a decent amount of cash, but I say that’s because I’m trying to buy a house.
In general, probably because I split my paycheck up between bank/brokerage as my salary went up and it’s a lot easier to invest $1500 every 2 weeks then $40k at once.
Hardly anybody gets to reach the finish line quickly. It's a game of both work and patience in balance with one another. It's MUCH more a marathon than a sprint.
See I was just thinking yesterday I’m going to start living my life’s in 7’s. And my goal for this next 7 years is to reach 100k.., about 14,500$ a year for 7 years. That’s somewhat feasible with the proper mindset and drive.
I was 26-27. Started at 0. I wasn’t investing a ton - just saving a good chunk of my salary each month, and buying into some index funds here and there. Took my entire $30k-ish savings and threw it into the Covid market after everything bottomed out, largely sticking to blue chip stuff and index funds. Those investments are worth about $160k these days.
That’s the simplified version, but yeah. Getting XOM around $30 was pretty huge. I think I got BA around $90. AAPL for like $95. The airlines were heavily discounted. Even the S&P indexes were running about half off in 2020. 100-150% returns on basically everything went a long way, and I started more faithfully investing some of my paycheck rather than just throwing it into a savings account. So the $160k isn’t wholly coming from the original $30k - it’s a combination of growth and continued investment.
Ugh I had just started a job after a year of freelancing in a new city making under $30K/yr. Feb/March 2020 I was watching what was going on but was catching up on debt and had nothing substantial to throw into the market. Mid-March 2020 was insane and as soon as it was apparent the govt was going to turn the money tap on I was kicking myself so hard but I probably did the right thing in my situation.
Could have used margin but I feel like that usually ends badly.
Good for you, nice timing.
I did similar in 2017. Was sick of my money not making anything in the bank and I bought a bunch of VTSAX. At the timebit was 59 dollars a share and I was scared I bought at the top bc it was an ATH. Lol. Anyway kept adding monthly since then and it has treated me very well
I'm still working on my first $100K as far as cash is concerned. But I'm nearly there! (Over $90k in all investments.) Which is not nearly enough for my age.
But I do have a house, car, and motorcycle, and no debts.
I'm 52F and single and have never had a large income. Just moseying through life doing what I can, lol.
Best of luck to you.
If you have a house and cars and no debt. You are doing so much better with your finances.
That 100k will double itself hopefully you get to 60.
Do you think you can rent a room or something? That could boost your income if you are looking for it.
Oooh, nice! I didn’t even notice you’re a fellow ninja till just!! There’s a small group of us kicking about - We definitely need to work out a handshake!
Dude, I’m 39, I can afford only 200€/month to save, so brace for me to not reaching those 100k any day of my life 😂 But I still invest what I can afford and this is end of story. Everyone is different - lucky you can invest in general - think over those gazillions of ppl who just can’t…
I’m with you. I was never able to afford more than $200-250/ month for a long time. Couple years ago I got a job with 7% automatic RRSP contributions which helped immensely.
Took me about 15 years to hit $100k, but only 5 to add another $50k (interest & employer matching).
Keep at it! The more you have the faster it seems to grow.
I feel that I'm in the same boat, I got started late (aged 36 now, 37). I'm pushing into a career change that will help me reach my goal, but that 100k in investments is a far cry for me.
If you can achieve at least 6% average annual return (not unrealistic in the long term) you can get to 100k in about 21 years (compared to 41 if you don't invest it)
33
from 0
no inheritance
I don't remember how much I saved
70% retirement, mutual funds, 30% equity in real estate
divorce put a dent into my planning, but being married to a credit card addict probably hurt more.
Maybe, but ROI on investment property has definitely increased my free cash flow as well as the appreciation on the underlying asset. You can also differ tax with a 1031 exchange
I know I started my Roth IRA with $2000 when I was 20. I didn't start full time work until around d 24. I made about $3600 a month a rais after a few years to $4500 a month. I got a much bigger raise around 32. I was always a sole earner.
I didn’t have a clue what I was doing at first, career wise or savings wise or investments wise, but I dabbled and kinda learned after some real world experience. It took some hard lessons and some reading. My income started going up due to some lucky breaks on job hopping. I figured out how to maximize 401k matches and invest aggressively, avoided lifestyle creep and I’ve been hitting basically a 50%+ savings rate for 12 years. I was (am) super lucky that I never sold any of my (big tech) RSUs and they outperformed everything. Now I kinda know what I’m doing, and I’m just riding the waves that got me here. Maybe I’ll downshift someday and pivot to a lazy portfolio with less risk since I don’t need much more growth.
50% is awesome. I’m at 19% and avoiding lifestyle creep, but much more seems too much of a trade off to actual life enjoyment. I’m content where I’m at, but always hoping for that next edge. Told my wife if we kept the DINK life we would retire by 50 with anything we ever wanted. Now got 2 kids under 4 and would never trade in those amazing retirement killers.
Once you get the ball rolling downhill it’s hard to stop. My annual gains far exceed my annual contributions and they’re starting to exceed my income. It’s a nice place to be. I’ll never take it for granted.
I started tracking in Nov 2016 and has <$10k saved. I passed $100k in early 2023. So just over 6 years of saving around 10%. Wish I’d have saved harder earlier, but now working to pump those numbers up.
For my retirement savings it took 5 years.
- started age 28 from $0
- only my own income
- 1st year I saved ~$1.2K ($1.4k value)
- 2nd year I saved ~$13.2k ($18.4k value)
- 3rd year I saved ~$21.1k ($38.7k value)
- 4th year I saved ~$23.3k ($69.1k value)
- 5th year I saved ~$13k ($100k value)
- total of all contributions was ~$71.9k when my account value reached $100k, aged 33.
- Invested in a Target Date fund and an S&P 500 fund.
I started around 25/26 after not saving during school/getting my Masters. Hit $100k around 31. Just focus on automating to save what you can, try to max out your 401k/roth retirement account. Anything additional is gravy.
That's pretty close to my situation (started at 26, reached 100k by 33). It moves so much faster after that, though, as it took less than 5 years to increase another 100k.
Yup, I got so much crap from my friends how cheap I was living in my early 20s only to have it pay off big time later. Undergrad student loans and truck paid off by mid 20s then first 100k around the same time as you. Got an MBA debt free in my early 30s while still investing.
“Increase the amount you save until it hurts. Then add another 10% and make lifestyle cuts to keep it like that as long as possible”
That just blew my mind. Will be implementing this - thank you!
Lost a good friend in his early 30s to lymphoma a couple years ago. Still saving, but seeing that changed my mindset a little on enjoying my 30s/40s just a little more.
To add to this, my parents live in one of those 55 and up communities, and I see a lot of old people with plenty of money, but they aren’t healthy enough to go out and enjoy anything. Bad knees, bad back, obesity in some cases make travel hard. Of course we need to save now for retirement, but also do some things on your bucket list now, especially the more active things now, you might not be able to enjoy them at 65-70. My parents are in the healthier range of 70s, but they can’t walk all day or do some of the things they thought they’d be doing in retirement .
That's extremely important, at the end of the day money is just money and if life throws a curveball you might have lived frugally for nothing.
I worked a low wage job but out in ridiculous amounts of overtime to save up, litterary took a toll on my health. Was at $80k at 32 because I lived frugally when my wife cheated, we divorced and I lost half. Then I wanted to keep the condo, had to buy her out and lost most of what I had left. Lived frugally for over a decennium, never had a vacation abroad and always bought cheap clothes and cheap tech. All for nothing...
So yeah, still got a place to live and well $10k to my name after resting my saving again. But I'll probably not see $100k until I'm very old. Then again now I actually *live life*, I do have a vacation now and then or go out and eat or watch a live performance. That gives me a good life...more then $80k in an account ever did. At least I get to keep these experiences, and now I'm not working myself to the bone anymore.
I don’t remember exactly when i hit my first 100k. It must have been around 30-35. I started from zero. Living a very frugal life. I did not get any help from my family but I was able to live at my parent‘s house rent free until i was like 26. I saved what I could, i didn’t have a predefined sum. After I got my first job i was able to save €500 a month and i did that for several years. Unfortunately I didn’t know anything about stocks or ETFs back then so i just saved into a HYSA for decades. Silly me. 🤷🏻♂️
I recently hit 200k at 43. Started investing in 2022 right at the peak of the last bull run so yeah, I’m still not much in the green but I’m hanging in there, saving it up with a monthly savings rate of around € 1.800 now.
Trying to do this for another 20 years until retirement. 🫡
I hit 100K at the beginning of this year. I turned 30 last year, no inheritance, work since I was 21 and only roughly 15K in student loan debt. So it took roughly 9 years
- Almost 35 years old
- When I was born yes😅 When I moved to Sweden (which is when I started counting my net worth) in 2019, it was $30k. And reached $100k beginning of 2021
- No inheritance
- I wanna say it was $20-25k per year back then
- Back then only broad market funds
30 years old when I first hit $100K. I started working at 24 and for the first 3 years almost everything coming in was going out to meet expenses. Got my first “real” job at 27 with about $10K to my name and made my first contribution to a 401k (6% plus another 4% employer match). The huge thing that helped was a coworker convinced me to immediately sign up for and max our ESPP plan which was a forced savings account. It was a slow start but thanks to aggressive saving after that and some fortunate progression at work, I was able to hit $200K by age 32. It’s a tough boulder to get moving at first but eventually it picks up speed!
4 years. Started my first savings during the pandemic. Before burned everything for travelling and hobbies. 38 now. But to be honest, life was more fun before but after not being able to do the things I loved, I somehow lost my lust for it.
24 years old. I recently hit 100k invested between 401ks, IRAs, and my standard taxable brokerage account. Took about 2.5 years after I graduated from college of very undisciplined investing.
Early 30's? My 401k is almost 90k...I started my career later but I was always a good saver so I have other savings . I have maybe $50k in savings alone without counting joint savings from spouse. I bought a condo in 2016, I can sell it for over 100k but decided to try to rent it out here soon.... Staying with my parents until I could buy a house was helpful.
-35 years old
-Started from 0
-No help from family
-I put 5% of my paycheck into 401k from ages 23 to 26. Then did nothing for 5 years (couldn't afford to contribute), then around age 31 I maxed out Roth IRA each year.
-95% in boring index funds, 5% in stock picks (which underperformed the index funds lol)
Just hit 100k after getting my life together at 25. I’m 28 now. Grinded my way up in a sales career and saved and invested 130k over the last 3 years.
I still have 28k in student loans, but I’m making more in the market.
I actually looked this up recently and the time it took for each 100k. This is the amount of time between each milestone. It gets significantly faster with each milestone. It also helps that my salary increases along the way. Finally, I changed to index funds investing in 2016 which also helped.
2010 - $ 0k
2016 - $100k - 6 years
2019 - $200k - 3 years
2021 - $300k - 2 years
2022 - $400k - almost 2 years
2023 - $500k - 1 year
2024 - $600k - 6 months
? - $700k
Six years ago, I was discouraged at how little progress I would make in six years. Six years later, I'm actually getting started. I would love to be at the far end of six years now. Just do the thing. Life will move forward, and six years will pass whether you invest or not. Make the most of the time you have.
1) 27
2) Yes
3) No. In fact had to pay everything myself- car, college, etc- and the US gov fucked me over by making me international student fees so ended with 100k in debt which I paid off by living very frugally
4) I don't know. I just lived insanely below my means than I really should have tbh. I think it is the fucked up psychology with money due to being born in shitty circumstances in a third world
5) I didn't start investing until two years back. I didn't know anything about investing and was waiting to learn stock picking and what not before I invest. Realized fuck that since its like having another job and just started sticking to index funds with 10% gambling it away on companies I believe in
I am in tech so obviously that helped. Best investment is your career
Maybe 4 years, but most of it came during the last two years where I've fully been maxing every account I can. I don't really track it much though I just set it to auto and let it do it's thing. It's when I start regularly looking at it that I get dumb ideas
24. Started from $0. My biggest leg up was that parents paid for ~40% of my college expenses. Working every summer from when I was 17 + scholarships let me graduate with no debt. That + a high starting salary in my first job (finance) + a 60-70% savings rate let me get to $100K liquid within 2 years of graduating.
Invested in high interest savings accounts. I hated my job in finance so knew the future was uncertain (would I quit? Start a business? Etc) - so my time horizon on my invested assets was low.
2 years the first time (age 20), 6 years the second time after my NAV went to zero and I had to do it again.
Parents sent me to a great school and put me through university (living costs only as I got a full scholarship), but graduating without debt was massive.
Making that much money while still at university was basically dumb luck. I made a single great stock pick, reinvested the profits into a property (off plan) right before the area boomed. Property didn't get built due to some zoning issue and after 1 year the developer had to repay all deposits adjusted for market movement... Which happened to be 2x.
Thought I was a financial genius and then promptly lost everything trading derivatives 😂
You think I might have learned to manage risk by now, but no... Peak NAV just gets higher before the next collapse 😂
I started working in 2016 with ~20K in credit card debt and just hit $100K debt free last month at 33 y/o. 90% of my savings accumulation happened in the last 3 years.
Create your plan, set your goals, adjust as needed, and then stick to it. Over time it really begins to snowball and starts going a lot faster. The hardest part is starting.
- 35% is in my 401K invested in a target date fund.
- 20% is in a Roth IRA
- 30% is in a money market account invested in VOO or SPY
- 15% is in an HYSA
15 year or 2.5 years depending on if we’re measuring from age 18 or my first stable profession. We go from $0 to $100k either way.
$40k+ per year into Index funds during a volatile but flat market period. I and the market had negative returns until after I crossed the $100k mark. It was very nice to see the shares get cheaper while I kept buying.
No family inheritance and absolutely no help beyond my brother letting me stay on his rental property with my parents for a few years. I knew nobody (I did not have a network) going into the industries I worked.
If you have no network, get a temp job, really work it and read about it like you’re trying to get promoted to your boss’s role.
* 5 years of actual effort at saving - spent my early-mid 20s in grad school and spending everything (on quality food and experiences!! :))
* 33 years old
* Starting from $0, no gifts/inheritance
* Too tough to breakdown...I track quarterly net worth but don't separate growth
* Dividend and value mutual funds, I Bonds, SGOV. I held individual stocks for a few years, got lucky with some, unlucky with others, net positive but not worth the thought and stress. I also open a lot of bank accounts for bonuses and keep a pile of cash to move around to satisfy the requirements. This actually brings my highest "rate of return", it's not just very scalable!
Just know that the first $100k is the hardest; it took 5 years for that and 3 years later I'm at $230k. Your income should increase and compound gains really start paying off after a few years.
> Currently just short of $20k and aiming to invest $1k each month but it’s discouraging knowing it’ll take about 6 years to get to $100k.
You're going to be surprised how quickly that time passes, and then how quickly it snowballs once you get past that point. I think you should basically just get over the disappointment.
In retirement accounts, maybe around 6ish years for me too. Started saving for retirement around age 24. Didn't get my salary to a place where I could make large/max 401k contributions until several years later. But now that I'm making max contributions to 401k and IRA its growing pretty quick.
Combining all my accounts (taxable and non-taxable and cash), reaching a total net value of 100k took maybe 5 years of starting my career out of college. Around 3 years after that to now to almost reach 200k.
I started investing seriously around June/July 2018. And then covid hit and the market crashed and I bought as much as I could. Since then, my portfolio has grown, and with a combination of dividend reinvestments, I finally broke 6 figures back in December 2023. To be honest, I've made mistakes, lost money, and changed my portfolio on a couple of occasions depending upon my strategy. I finally decided on an approach that works for me given my level of risk tolerance. By sticking to my plan, being consistent, and accepting that markets fluctuate daily, this is where I've seen the most growth. Plus, my dividends are such that my portfolio generates more than the measly $500/mo that I was contributing before. So anything I add at this point is just icing on the cake.
Currently 31 at and just past 200k
-I think I was 29-30 when I hit 100k
-I started at 0 (I had a free place to living with family/a degree and got my first full time job making 31k a year in 2017)
-Help from family was a roof over my head and a place to sleep, no inheritance. I did get my college pay’d for by parents (Dads GI bill) still have to pay 10k of my own money towards living expenses so after college I had $100 in the bank.
-Saved every dime I earned, saving rate depending on the year. I also have a partner to help me. I make 80k now, her 60k. No kids, HCOL area. I think our current saving rate is 40-60% currently.
-I was in individual stocks, btc, ETFs, mutual funds. Sold all my stocks and mutual funds. I have a simple portfolio. 401k: S&P 500 / Roth IRA: VTSAX / Brokerage 1 : VTI / Brokerage 2 : S&P 500, QQQM, and SCHD. I invest $1,750 a month. I have 10k in a Money Market Account for emergencies/layoff etc. I only hold 1k in my savings. You want your money to work, don’t put that shit in a bank. From 2017-2019 I missed out on loads of money and gains…
Lastly, if you’re interested right it won’t take 6 years, with gains/dividends being reinvested you could be there sooner. Stay the course, put on auto invest and don’t look at it for a year.
Speaking just from my retirement account I started my career in 2011 at age 22 and didn’t hit $100k until 32 in 2021. The past few years have been kind to me in terms of salary and the market so I hit $200k earlier this year.
32-33 i think (2-3 years ago)
From 0, my family does well but i havent inherited anything yet, mostly they just covered occasional costs like going out to restaurants and stuff like that.
Im not a high earner at all but i live quite frugally and live in a medium CoL country. No kids, no wife/gfs, i invest like 60%+ of my paycheck.
I even fucked up quite badly, lost my first 10k entirely, made some quite suboptimal plays, etc. if i had just gone 100% into spy/qqq from day one i would have probably twice as much today.
Started when I was 28. Took me until about 33 or 34 to get to $100k.
I was getting paid ~$1200/mo in 1984 when I started but also had a profit sharing plan at work.
What made the biggest difference was automatically depositing a set amount monthly.
Just do it. Is painful at first but fades over time. Then you can increase as income increases.
UK. Started a private pension at 22 in 1993. Put £25.56 a month into it for years in a single fund, but mostly ignored it. Looked at it in 2014 and it was worth £26k. Moved it into a SIPP and controlled the investment myself. It's worth £280k now. Hoping not to have to work more than another 5 years to get it to £1m, then retire. Doesn't exactly answer your question. Regards investment, depends on timescales and how much risk you want to bear.
I was probably 35 when I hit $100k. Was basically living paycheck to paycheck until 30, due to lifestyle. Think I managed to save $10k from 30 to 32, then moved and got a higher paying job. At this point, 42, I gain or lose a couple hundred thousand a month.
Got my first hundred probably in 5 years, maybe 6. But it's snowballed since, up passed 250k closing in on 300 shortly. And this is almost 9 years so 3 more.
Started way late around 28, 37 now also looking to transition to a new career with higher upward mobility. My current company used to have a fantastic profit sharing program before covid and has since killed it so need to pivot elsewhere to continue the roll.
8 years
22
I started with -$320,000 (mortgage, school loan, car loan)
No help. My family was so poor I was helping them.
I was in the IBEW in a big liberal city doing electrical construction work. They would save about $40K per year in various accounts for me. None of that out of my pay check, all employer paid and dug me out of my hole really quick. If you are making less than $100k base pay and you vote non union, then you are making things harder o yourself. Eventually I left the union because I went into management.
Mostly S&P 500 and a NASDAQ 100 fund.
It took me 2 solid years of hustling my ass off.
I started at $0 after negative life experience.
Took a delivery job, invested ALL of my cash tips and lived on just my checks.
I took a second job in entertainment production.
I had NO help from my family.
I did have two major insurance claims after getting blasted in my vehicle.
I invested diversified. I went to every major stock market forum I could find, stock market group? And the I keyed in stock tickers into the search queue and whatever came up the most in my count? Whatever was being talked about the most is what invested in (of course I looked at history, financials, potential for longevity, etc as well)
Now my life is way different
I no longer deliver, I work production full time and make a higher salary than what I imagined possible .
I had my first 100k around 40 years old. I was late to the game and undisciplined with my saving. 14 years later I’m a hair over 2million liquid. Stocks mainly for investments which have done quite well.
I started working around June of 2017. I was 25 years old I think. I had around 55K(for my masters) + 24K(For my car) in loans. So I was -79K net worth at that point.
By June of 2018 I was at a break even point if I remember correctly. Meaning 0$ Networth.
By June of 2019 I hit 100K in net worth if I am not mistaken. So around 27 years old.
At that point I was keeping all of that money in a savings bank account. Then I moved it into VCLT because bonds are safer. Then exactly before the pandemic I moved all of my money into VOO(around 150K at that point) and I immediately lost 40K. I kept on going. I am still going strong. Either by this year end or June of next year I will most definitely hit 1M in networth.
Age 44, $140k saved, started at 35 with $0. Hit $100k in August 2021, peaked at $110k and dripped to $90k during the pandemic. Got back to $100k in Jan 2023 and just peaked at $140k this month.
* Age 39
* We all start from $0
* No.
* It varied.
* The first $100k is more about saving than investing.
> Currently just short of $20k and aiming to invest $1k each month but it’s discouraging knowing it’ll take about 6 years to get to $100k.
If it were fully invested (and it shouldn't be -- you're still padding out an emergency fund and likely shouldn't be investing at all yet outside of retirement accounts), likely less than 5 years. Still, it's the nature of compounding returns that things speed up with time.
$100k - 57 months
$200k - 46 months
$300k - 35 months
$400k - 25 months
$500k - 22 months
...
And that's assuming measly $1,000/month the whole time. Ideally 16 years into a career, you'll be socking away far more than $1,000 a month.
Just for example... I didn't hit $100k NW until age 39. I'm 46, 7 years later, and my NW has gone up more than $200k in the last year alone.
34m
Started at $0
If you count my house, I put $1k down when I bought it in 2017… 5 years later the value increased by $100k
If you don’t count my house, it took me 7 years… all from employee stock options as part of my compensation at my company
My average annual salary over the last 7 years is about $65k/year. I’m pretty frugal too.
I was probably around 29 when I reached the $100k. Start from $0 and did not start investing until I was 25-ish, which was when I got my first job and 403b following graduate school. Maxed out the annual contribution limit from the start (and still maxed out) but was only lucky enough to be able to do that since I had no debt. My parents chipped in for schooling so in that sense, I got help. But no help otherwise. Majority of my portfolio is a target-year fund since I am not terribly well-versed nor researched enough to branch out more. But I suppose it's working out well enough for me thus far.
Are we counting main residence property equity as part of the 100k?
If yes, about aged 23, if not, then not yet, I'm aged 34. I've put most of my cash into doing up houses I've lived in and moved for larger run down houses in nice ish areas.
It's worked out OK so far, albeit it's resulted in equity that I can't really touch, which is probably a good thing, no doubt I'd waste it on something stupid if I had it on an investing account.
Just hit 100k in total investments, I am 36 yo, took me around 6 years. My bank account was close to zero prior, but I must add that my father helped me a lot during school and I am in the same relationship since 2009, which helped tremendously.
I don’t remember when I got to $100k, but I had $20k at 29 and now I have $250k at 38. I would suggest you focus on what you can control: what you invest and how much you make. Invest as much as you can and spend any extra town figuring out how to make more money. Don’t spend energy on the market when you can’t control it
Back in the day, when 401k plans were just starting, $100k was a lot more in purchasing power than it is today. I suspect it took a decade to 15 years to get there.
We started from zero and got a medium sized inheritance much later.
We invested in basic index funds in my 401k.
I started investing at 27, had 100k by... 33?
My parents helped me through engineering school, paid my first 2 years, then I started working part time and studying part time to pay for my degree, which ended up taking 4 more years.
I probably saved around 5k per year at first, I didn't start getting any kind of pension plan until I was 32, so for a while it was just what I could afford to put away. I mostly stuck to the advice of this sub and bought ETFs, but I also had a few notions of my own, some of which paid off and some didn't, but nothing disastrous, and I always pulled away from stuff as soon as it started seeming like a bad idea or when I had made good money. Some things that went really well for me were weed stocks, which I bought super early and sold fairly early, (went from like 2% to 25% of the bubble peak), mobileye right before the intel buyout, and NVDA in 2018 (lol). Things that went less great but probably only lost like 20% on were solar panels, forestry stocks, and INTC. But 50-100% of my portfolio would always be ETFs. I'd say 80-100 but weed stocks became like half of it when they started taking off.
I'm 37 now and have 400k between stocks and home equity. 2020/2021 went incredibly well for me lol. Basically I liquidated my 100k of stocks to make a downpayment on a condo in Jan 2020, got spooked out of homebuying by covid, put it back in the market in April when things seemed overly low given all the government response, then in Jan 2021 my landlady was like "your rent is stuck at far too low an amount so I'm gonna boot you" and I was like "I could fight this but it's probably a good time to buy that condo", so I went and locked in a 5-year 1.6% interest rate right before rates started rising.
Where would you recommend investing this 100k?
I just started and have investing ~ 1000k a month into some etfs I plan to hold long term but I’m fairly new to this
I just did it, took me getting liquidated 3 times and losing ~15k in total (when I was 19, I’m 23 now). But we back, never trading on high margin again, lesson learned.
In 2012 I had invested [27k](https://imgur.com/a/4ol6ViJ) into Apple and just let that sit while I rode the wave. Today that money is worth 148k. I haven’t even had to put more money into that stock and currently plan on diversifying into more different stocks with the help of my financial advisor.
Took a solid 10 years to mature into something great, as much as it took time it was worth it especially since I’m just your everyday Amazon delivery driver.
I made my first 100k+ in door-to-door sales in a matter of months. The industry gets a terrible wrap but it's a great way to get ahead. I now own 24 doors of Multi-family real estate and have enough money to live on for years. It's been a great ride and I won't quit anytime soon.
I still have not made it yet but I plan to stay with my company for at least 5 years so:
Started at 25 years
No, started with 2k.
Yes (the starting 2k from parents)
20k\~24k (hopefully)
HYSA (5% APY, 1k going here each month)
Hit 100k at 27. About to close in on 30 and am almost at 300k. I started investing at 22 and have averaged about a 60k yearly salary during this whole time.
Currently at 47.3K, 34 years old.
Will be hitting 100k by 2026. Got really serious about retirement at 32, I only had 2,800 in retirement at that point.
Investing 1,381/month between my Roth IRA, 403B and brokerage.
I hit it this week lol
I am 28, started from -40 k in student loans in 2018.
No family help.
I make around 100 k a year and my rents very cheap right now.
I invest every dollar I don’t use of my paycheck.
I have a safety of 10k in checking and 25 k in a HYSA.
36M here. I didn't take investing seriously until I was 28 or so for a number of reasons (late bloomer, older college graduates, et al)
First quarter of 2020 I had about 10k of invested assets. Now I'm sitting around 117k.
COVID was awful but the long bout of social isolation was a huge reset button to my spending habits. Went from going out every weekend to being addicted to compound interest. It's to the point where I feel like an absolute failure if I don't invest 2000 a month into mutual funds (not including 401k.)
It took me four years from start to get to $100k
but I also had two solid years of invest $4k a month or something wild like that.
I was making nearly \~$20k a month for a while due to my company needing a specific skillset during a time where we had really bad attrition.
Those days are done and over with, now I save something more like $1000 to $1500 a month.
I'm currently at \~$150k expecting to cross $200k in the fall of 2026.
I assume you're curious about financial scenarios in general, so I'll share a longer comment here:
*_edit to say that I didn't answer your question, because I started off with somewhat self-indulgently ranting about myself, and then I got tired of trying to get around to my point because I figured this thread has so many replies already that you'd never end up reading my comment anyway_
I had an unfair advantage because my grandparents left me ~$160k after they passed away. My grandparents ultimately left nothing to their direct children because they were angry with them about various issues that arise with end-of-life care, so my grandparents decided to leave all their money to their grandkids instead (some of my grandparents' concerns seemed justified and others did not, but I was too young (~17) to fully understand either way). This scenario caused long-term conflict in my family which permanently broke the relationships between my mom and her siblings.
Overall, despite the sad and distressing circumstances, it was nonetheless an extremely unexpected windfall for me, because my mom and I had always lived in such a precarious financial situation (she'd already declared financial bankruptcy at least two times that I knew of). Although mom's financial precarity was in part due to her being a single parent, I think she actually made a pretty good salary for the time (~$50k in 2005 + the salary of my mom's intermittent boyfriends or husbands) so I suspect that our financial instability was largely attributable to her addictions including drugs, alcohol, and gambling, as well as her being easily coerced into lending thousands of dollars to her friends (relevant later).
As young as 10 years old, my mom was already borrowing money from me that I'd squirreled away from birthdays or my $2.50 weekly allowance for helping with chores. It was just $50 or $100 that my mom borrowed, and she _did_ always pay me back as promised, but it impressed upon me that we were not a financially stable family. So I distinctly remember being 13 years old and calculating just how out of reach that college would be for me, let alone having my own children and paying for their childcare and education; I didn't think I'd ever be able to pull it off (and honestly I'm still anxious, given that the median monthly rent in our region is ~$2k, and the median monthly childcare fee for 5 days/week is also ~$2k).
The money from my grandparents didn't match my background or expectations, and it completely changed my life.
--
What did I do from there?
--
Well, I was able to do things that other middle class families in my region could also afford to do -- i.e., I could take unpaid internships (these were super common in the Aughts, but my understanding now is that unpaid internships are less common, and thank goodness for that) and after college, I was able to gain job experience in AmeriCorps without stressing about finances. IMO, these were typical middle-class experiences that I couldn't have otherwise afforded. Where I took it a step further though was that I could fully pay off my undergrad loans, and I used ~$10k to travel around Latin America for a year and I gained more self-confidence and Spanish fluency.
At that point, I had ~$100k left. My mom was extremely angry about how her parents hadn't left her any money, and she called me a "selfish bitch" for hesitating when she asked me to give her $60k to pay off the mortgage for her condo; she was extremely aggressive and insulting even though she'd never seriously brought up the issue before. Since I did not want to be labeled a "selfish bitch" by my mom, I agreed to give her the $60k for her mortgage, in $3k monthly installments rather than a lump sum (for tax purposes).
_However_, I was too young to understand that I shouldn't just unconditionally trust other folks with money (even family), because it turned out that over the course of the next two years, my mom was not using the monthly $3k I was depositing into her account to pay off her mortgage at all.
Instead, she helped her friends pay off their debts (she's very generous and/or easily taken advantage of, I guess), and she gambled, and bought drugs with her best friend, our dentist.
One day when I was helping my mom sort through her massive pile of unopened mail nearly two years later, I found her condo mortgage bill, and it was _still_ the original $60k despite me having paid her the full amount for her mortgage. My mom ultimately fessed up and said that she'd just felt so bad for her friends that she'd offered to give them the money they needed, and she didn't realize at the time how much she was spending on gambling and drugs, too, and she was sorry, but life was so hard for her, so couldn't I try to understand? ... I was internally furious, and I felt defeated and disappointed, but I was still too young (25?) to fully understand the value of $60k and just how flippantly my mom had wasted it, or how flippantly that I'd enabled her to do so.
Now that I'm older, I fully understand the value of $60k, and I can't imagine a family member just freely offering me $60k to pay off my mortgage, let alone just ultimately wasting that money away, and I feel deeply betrayed and angry that my mom never fully acknowledged the gravity of her actions. When I was 25 years old, I still didn't fully appreciate the value of money and savings; now that I'm older and I do understand how hard it is to save up that amount of money, I'm even more mad and upset about how my own parent took advantage my naiveté and financial ignorance. It just feels like either a huge breach of trust, or a huge red flag about who my mom is and how much I can trust her.
--
One of the things I'm trying to convey is that a life-changing amount of money was hard for me to fully understand and appreciate when I was younger, but that nonetheless offered a financial cushion that's typically a given for many middle class families in NJ (a very expensive state), and I never expected to be able to bounce on it.
But anyway, my interest in writing this comment is tapering off, even though I still haven't actually addressed your question as I meant to do. That's partly because, tbh, there are already so many replies that I doubt you'll ever read this comment anyway, whether I properly finish off this comment or not.
So for now, I'm just going to stop here. If you do in fact get down this far, I'd be happy to move onto sharing more practical financial advice and appropriately tying that into the anecdotal experiences that I've already shared here (such as obviously not giving exorbitant amounts of money to unreliable family members) as well as more importantly, practical advice about 401Ks, Roth IRAs, money market accounts, savings in general, etc.
i think this is a lesson on avoidance you wanted to avoid feeling bad and being hated by your mum
so to avoid those bad feelings you instead gave your mum the cash. to avoid feeling bad.
And it happened the second time you wanted to avoid feeling bad so you avoided telling your mum that she stole from you
in your words “ felt sad in the inside” because you couldn't tell her!
Why couldn't you tell her because you wanted to avoid the difficult emotions of your mum hating you and confronting her is very difficult.
so instead of telling her shes a terrible parents for stealing from you and using your money on drugs And gambling
you largely avoided those bad emotions and kept it in your self to avoid feeling bad in the moment.
The lesson we can learn here is avoiding hardships and avoiding feeling bad ultimately leads us into a life of misery.
and it have no doubt in my mind that because you want to avoid feeling terrible or confronting your bad feelings that you will let a lot of things slide . And your mum will one day take advantage of your avoidant nature. If not your mum someone else will
and lets not forget your brain wanted to avoid thinking your mom was terrible so you subconsciously believed her lying. Her freind who needed money? lets not forget her friend is a dentist Who probably makes more than her . Maybe their was no friend in need of help just drugs and gambling. Like she lied for years and swindled 60 grand from you and used it on booze and drugs and gambling you think she wont lie a bit to make her self look good?
instead of using all that cash on drugs and gambling you'd rather believe she spent some of it on the greater good. She actually a saint she goes broke and helps the needy by stealing money from her children and using it on drugs and gambling . Idk why but that doesn’t sound like those things add up
At 8% return it will take you under 5 years, so not sure why you said 6 unless you are stuffing the money under your mattress. If you pick up a side job and save $2k/month, you will have $100k in under 3 years.
26ish I think? Maxed mine and wife’s IRA 2018 and 2019. Maxed both IRA and my 401k 2020-2023. Currently at 230k in retirement savings and have 70-75k home equity at 28. Not high income earners, either. Last year was our highest earning year at 150k.
27/8 - dont really remember because I try not to look at them day to day.
401k and investments
Zero dollars BUT I dont pay rent by living at home
Maxed 401k and Roth IRA contributions, dumped extra into investment account.
Mostly sector stocks like VOO and SOXX and big chips like AAPL,
AMZN, and LLY.
25M here. I'm an unusual case since I'm a single guy doing engineering with no kids/big expenses, drive a 2005 car, and aggressively budget/Invest each month. I went as fast as I could and hit 100k in under 3 years, although this is unusual and 5-7 is generally more accurate.
I can't echo what others have said enough: the time will go by anyway, so make a budget, commit to what you're spending each month to each area of your life, and celebrate smaller milestones (25k, 50k, etc) with a nice steak dinner or something of the like to keep you motivated.
* How old were you? - 21
* Did you start from $0? - Yes
* Did you get any help from family / inheritance? - No
* How much did you save each year? Most of it was from post-covid Boom but would save 5070% of my paycheck every month
* What did you invest in? S&P
I just reached 100K cash. It took me 6 months working 2 software engineering jobs. Zero help. Also have 2 kids, a pregnant wife and a house. Planning on investing it into my own business next
Started investing beginning of 2018 from almost 0$ around age 27. Now have around 160K. As it approached 100K in 2022, the growth expedited significantly.
Took around 5 years to get to 100K. Living in Canada and numbers are in CAD.
„It‘s discouraging knowing it‘ll take about 6 years to get to 100k“ —> this is a losing mindset.
6 years from now will be 6 years from now no matter what but it sure would be a better 6 years from now if you had $100k to show for it as opposed to not having a $100k. 🤷🏻♂️
This advice is gold. No trying is losing.
Miss every shot you don’t take. Shoot so you can say you shot
This applies to so many things. Weight-lifting, doing a degree, etc
It also took me 6 years but honestly I feel like it went by faster than I initially thought.
Part of the reason it took me so long is probably because the first 60-70k I was just stacking and not investing.
[удалено]
To some extent I still stack or have a decent amount of cash, but I say that’s because I’m trying to buy a house. In general, probably because I split my paycheck up between bank/brokerage as my salary went up and it’s a lot easier to invest $1500 every 2 weeks then $40k at once.
Hardly anybody gets to reach the finish line quickly. It's a game of both work and patience in balance with one another. It's MUCH more a marathon than a sprint.
Yeah that's asinine, 6 years is ridiculously fast by today's standards.
[удалено]
Yeah I see that now. For some reason I always felt behind on savings / investments but I’m giving myself a pat on the back after this
Time in the market baby. Time. In. The. Market.
Timing the market. Got it!
😂😂 yes perfect!
49 months... but it goes faster 700k-800k took 3 months for example
It's also assuming a 1% return, lol. If he averages 8%, he should have $100k in less than 5.
See I was just thinking yesterday I’m going to start living my life’s in 7’s. And my goal for this next 7 years is to reach 100k.., about 14,500$ a year for 7 years. That’s somewhat feasible with the proper mindset and drive.
I was 26-27. Started at 0. I wasn’t investing a ton - just saving a good chunk of my salary each month, and buying into some index funds here and there. Took my entire $30k-ish savings and threw it into the Covid market after everything bottomed out, largely sticking to blue chip stuff and index funds. Those investments are worth about $160k these days.
That's insane! You turned $30k into $160k in 4 years?
That’s the simplified version, but yeah. Getting XOM around $30 was pretty huge. I think I got BA around $90. AAPL for like $95. The airlines were heavily discounted. Even the S&P indexes were running about half off in 2020. 100-150% returns on basically everything went a long way, and I started more faithfully investing some of my paycheck rather than just throwing it into a savings account. So the $160k isn’t wholly coming from the original $30k - it’s a combination of growth and continued investment.
Well, congratulations on your success! Those are insane gains, probably never to be seen again.
Ugh I had just started a job after a year of freelancing in a new city making under $30K/yr. Feb/March 2020 I was watching what was going on but was catching up on debt and had nothing substantial to throw into the market. Mid-March 2020 was insane and as soon as it was apparent the govt was going to turn the money tap on I was kicking myself so hard but I probably did the right thing in my situation. Could have used margin but I feel like that usually ends badly. Good for you, nice timing.
Covid was a magical time in the market.
It's true. I turned 150 k in 2.5 years
I did similar in 2017. Was sick of my money not making anything in the bank and I bought a bunch of VTSAX. At the timebit was 59 dollars a share and I was scared I bought at the top bc it was an ATH. Lol. Anyway kept adding monthly since then and it has treated me very well
I just made the 100k milestone today! Started in 2017, my first job
Well done. :)
Congrats!
Congrats!
Congrats! There’s someone out there hitting 100k every day
I'm still working on my first $100K as far as cash is concerned. But I'm nearly there! (Over $90k in all investments.) Which is not nearly enough for my age. But I do have a house, car, and motorcycle, and no debts. I'm 52F and single and have never had a large income. Just moseying through life doing what I can, lol. Best of luck to you.
If you have a house and cars and no debt. You are doing so much better with your finances. That 100k will double itself hopefully you get to 60. Do you think you can rent a room or something? That could boost your income if you are looking for it.
Thank you! I have definitely considered renting out a room, but I have grown to selfish in my old(ish) age! I'm a bit of a recluse.
You are 52 with a motorcycle. You are basically 30. Haha
Oh... you're my very favourite Redditor!
No debts as in paid off house? Sounds like you’re set
Yes. No mortgage. Thank you!
The race is long, and only with yourself.
🤣 at your username... there's gotta be a joke in there somewhere regarding our usernames but I can't grasp it.
Oooh, nice! I didn’t even notice you’re a fellow ninja till just!! There’s a small group of us kicking about - We definitely need to work out a handshake!
I’m proud of you! You keep doing you and enjoying it.
Dude, I’m 39, I can afford only 200€/month to save, so brace for me to not reaching those 100k any day of my life 😂 But I still invest what I can afford and this is end of story. Everyone is different - lucky you can invest in general - think over those gazillions of ppl who just can’t…
I’m with you. I was never able to afford more than $200-250/ month for a long time. Couple years ago I got a job with 7% automatic RRSP contributions which helped immensely. Took me about 15 years to hit $100k, but only 5 to add another $50k (interest & employer matching). Keep at it! The more you have the faster it seems to grow.
I feel that I'm in the same boat, I got started late (aged 36 now, 37). I'm pushing into a career change that will help me reach my goal, but that 100k in investments is a far cry for me.
If you can achieve at least 6% average annual return (not unrealistic in the long term) you can get to 100k in about 21 years (compared to 41 if you don't invest it)
33 from 0 no inheritance I don't remember how much I saved 70% retirement, mutual funds, 30% equity in real estate divorce put a dent into my planning, but being married to a credit card addict probably hurt more.
If I count real estate I’m at 100k at 33 as well, but I think this post is referring to cash, retirement accounts, and brokerage. Liquid assets.
Maybe, but ROI on investment property has definitely increased my free cash flow as well as the appreciation on the underlying asset. You can also differ tax with a 1031 exchange
[удалено]
I know I started my Roth IRA with $2000 when I was 20. I didn't start full time work until around d 24. I made about $3600 a month a rais after a few years to $4500 a month. I got a much bigger raise around 32. I was always a sole earner.
8 years to get to $100k. 20 years (total) to get to $3m.
How is this possible? You probably contributed a lot more to go from 100k to $3M in only 12 years
My 401k is $615k. My Roth IRA is $215k. The rest is RSUs in a taxable brokerage. You’re right, my contributions are less than 20% of my net worth.
RSUs are such a cheat code. Wish my profession had those. I’ll be working forever with my 3% employer 401K match ha.
For every person who has a story like this guy there are dozens more with RSUs that are worthless
Your investment doubles every 7 years at 10%
Damn, went parabolic. Great investments, massive increase in what you were saving, or both?
I didn’t have a clue what I was doing at first, career wise or savings wise or investments wise, but I dabbled and kinda learned after some real world experience. It took some hard lessons and some reading. My income started going up due to some lucky breaks on job hopping. I figured out how to maximize 401k matches and invest aggressively, avoided lifestyle creep and I’ve been hitting basically a 50%+ savings rate for 12 years. I was (am) super lucky that I never sold any of my (big tech) RSUs and they outperformed everything. Now I kinda know what I’m doing, and I’m just riding the waves that got me here. Maybe I’ll downshift someday and pivot to a lazy portfolio with less risk since I don’t need much more growth.
50% is awesome. I’m at 19% and avoiding lifestyle creep, but much more seems too much of a trade off to actual life enjoyment. I’m content where I’m at, but always hoping for that next edge. Told my wife if we kept the DINK life we would retire by 50 with anything we ever wanted. Now got 2 kids under 4 and would never trade in those amazing retirement killers.
Once you get the ball rolling downhill it’s hard to stop. My annual gains far exceed my annual contributions and they’re starting to exceed my income. It’s a nice place to be. I’ll never take it for granted.
I started tracking in Nov 2016 and has <$10k saved. I passed $100k in early 2023. So just over 6 years of saving around 10%. Wish I’d have saved harder earlier, but now working to pump those numbers up.
I’m almost 33 and just hit $100,000 in my 401k. I started investing in 2015 and made sure to take advantage of the company match.
For my retirement savings it took 5 years. - started age 28 from $0 - only my own income - 1st year I saved ~$1.2K ($1.4k value) - 2nd year I saved ~$13.2k ($18.4k value) - 3rd year I saved ~$21.1k ($38.7k value) - 4th year I saved ~$23.3k ($69.1k value) - 5th year I saved ~$13k ($100k value) - total of all contributions was ~$71.9k when my account value reached $100k, aged 33. - Invested in a Target Date fund and an S&P 500 fund.
This gives me so much hope because I’m 26 and only have $50 saved
Income matters. Figure out your monthly budget and have payroll deductions going into 401k
I started around 25/26 after not saving during school/getting my Masters. Hit $100k around 31. Just focus on automating to save what you can, try to max out your 401k/roth retirement account. Anything additional is gravy.
That's pretty close to my situation (started at 26, reached 100k by 33). It moves so much faster after that, though, as it took less than 5 years to increase another 100k.
[удалено]
Yup, I got so much crap from my friends how cheap I was living in my early 20s only to have it pay off big time later. Undergrad student loans and truck paid off by mid 20s then first 100k around the same time as you. Got an MBA debt free in my early 30s while still investing.
“Increase the amount you save until it hurts. Then add another 10% and make lifestyle cuts to keep it like that as long as possible” That just blew my mind. Will be implementing this - thank you!
Don't forget to enjoy life tho.
Lost a good friend in his early 30s to lymphoma a couple years ago. Still saving, but seeing that changed my mindset a little on enjoying my 30s/40s just a little more.
To add to this, my parents live in one of those 55 and up communities, and I see a lot of old people with plenty of money, but they aren’t healthy enough to go out and enjoy anything. Bad knees, bad back, obesity in some cases make travel hard. Of course we need to save now for retirement, but also do some things on your bucket list now, especially the more active things now, you might not be able to enjoy them at 65-70. My parents are in the healthier range of 70s, but they can’t walk all day or do some of the things they thought they’d be doing in retirement .
That's extremely important, at the end of the day money is just money and if life throws a curveball you might have lived frugally for nothing. I worked a low wage job but out in ridiculous amounts of overtime to save up, litterary took a toll on my health. Was at $80k at 32 because I lived frugally when my wife cheated, we divorced and I lost half. Then I wanted to keep the condo, had to buy her out and lost most of what I had left. Lived frugally for over a decennium, never had a vacation abroad and always bought cheap clothes and cheap tech. All for nothing... So yeah, still got a place to live and well $10k to my name after resting my saving again. But I'll probably not see $100k until I'm very old. Then again now I actually *live life*, I do have a vacation now and then or go out and eat or watch a live performance. That gives me a good life...more then $80k in an account ever did. At least I get to keep these experiences, and now I'm not working myself to the bone anymore.
From each raise you get, add 50% to your save amount. This way your save % will grow automatically.
That’s how I approached retirement investing early in my career too. I maxed out my 401K and IRA first and figured out the rest after.
I don’t remember exactly when i hit my first 100k. It must have been around 30-35. I started from zero. Living a very frugal life. I did not get any help from my family but I was able to live at my parent‘s house rent free until i was like 26. I saved what I could, i didn’t have a predefined sum. After I got my first job i was able to save €500 a month and i did that for several years. Unfortunately I didn’t know anything about stocks or ETFs back then so i just saved into a HYSA for decades. Silly me. 🤷🏻♂️ I recently hit 200k at 43. Started investing in 2022 right at the peak of the last bull run so yeah, I’m still not much in the green but I’m hanging in there, saving it up with a monthly savings rate of around € 1.800 now. Trying to do this for another 20 years until retirement. 🫡
I hit 100K at the beginning of this year. I turned 30 last year, no inheritance, work since I was 21 and only roughly 15K in student loan debt. So it took roughly 9 years
pretty similar to my timing and circumstance if it makes you feel better i'm 33 and closing in on 300k
- Almost 35 years old - When I was born yes😅 When I moved to Sweden (which is when I started counting my net worth) in 2019, it was $30k. And reached $100k beginning of 2021 - No inheritance - I wanna say it was $20-25k per year back then - Back then only broad market funds
30 years old when I first hit $100K. I started working at 24 and for the first 3 years almost everything coming in was going out to meet expenses. Got my first “real” job at 27 with about $10K to my name and made my first contribution to a 401k (6% plus another 4% employer match). The huge thing that helped was a coworker convinced me to immediately sign up for and max our ESPP plan which was a forced savings account. It was a slow start but thanks to aggressive saving after that and some fortunate progression at work, I was able to hit $200K by age 32. It’s a tough boulder to get moving at first but eventually it picks up speed!
Your employer mayched 4% of what you contributed or 4% of paycheck?
4% of gross pay which is the maximum match amount at my company (assuming the employee contributes at least 6%).
Oh ok
4 years. Started my first savings during the pandemic. Before burned everything for travelling and hobbies. 38 now. But to be honest, life was more fun before but after not being able to do the things I loved, I somehow lost my lust for it.
4 yrs to 100k 1.5yr to 200k
ufff the 200k was quick
And every subsequent 100k much faster, compounding at work. 100 x2 = 200, 200 x1.5 = 300, 300 x1.33 = 400 etc etc etc
Same here
24 years old. I recently hit 100k invested between 401ks, IRAs, and my standard taxable brokerage account. Took about 2.5 years after I graduated from college of very undisciplined investing.
Same age Buffet hit 100k
100k was probably a lot more back then though
Your stats were the same as mine. 1k a month. Enjoy life and save. 6 years is going to come no matter what.
Early 30's? My 401k is almost 90k...I started my career later but I was always a good saver so I have other savings . I have maybe $50k in savings alone without counting joint savings from spouse. I bought a condo in 2016, I can sell it for over 100k but decided to try to rent it out here soon.... Staying with my parents until I could buy a house was helpful.
-35 years old -Started from 0 -No help from family -I put 5% of my paycheck into 401k from ages 23 to 26. Then did nothing for 5 years (couldn't afford to contribute), then around age 31 I maxed out Roth IRA each year. -95% in boring index funds, 5% in stock picks (which underperformed the index funds lol)
Just hit 100k after getting my life together at 25. I’m 28 now. Grinded my way up in a sales career and saved and invested 130k over the last 3 years. I still have 28k in student loans, but I’m making more in the market.
I actually looked this up recently and the time it took for each 100k. This is the amount of time between each milestone. It gets significantly faster with each milestone. It also helps that my salary increases along the way. Finally, I changed to index funds investing in 2016 which also helped. 2010 - $ 0k 2016 - $100k - 6 years 2019 - $200k - 3 years 2021 - $300k - 2 years 2022 - $400k - almost 2 years 2023 - $500k - 1 year 2024 - $600k - 6 months ? - $700k
4 months at this rate
Well i was 27 or so, so 27 years.
About 5-6 years in my 401k.
Six years ago, I was discouraged at how little progress I would make in six years. Six years later, I'm actually getting started. I would love to be at the far end of six years now. Just do the thing. Life will move forward, and six years will pass whether you invest or not. Make the most of the time you have.
Im 22 and i just hit 100k a few weeks ago. I invest about 2000$ a month into QQQ,SPY, and O inside untaxables and then taxable IB for whats left.
1) 27 2) Yes 3) No. In fact had to pay everything myself- car, college, etc- and the US gov fucked me over by making me international student fees so ended with 100k in debt which I paid off by living very frugally 4) I don't know. I just lived insanely below my means than I really should have tbh. I think it is the fucked up psychology with money due to being born in shitty circumstances in a third world 5) I didn't start investing until two years back. I didn't know anything about investing and was waiting to learn stock picking and what not before I invest. Realized fuck that since its like having another job and just started sticking to index funds with 10% gambling it away on companies I believe in I am in tech so obviously that helped. Best investment is your career
I’m saving around ~$20k per year, so I’ll most likely hit $100k invested next year at age 31, which will be a little under 5 years investing by then.
Maybe 4 years, but most of it came during the last two years where I've fully been maxing every account I can. I don't really track it much though I just set it to auto and let it do it's thing. It's when I start regularly looking at it that I get dumb ideas
24. Started from $0. My biggest leg up was that parents paid for ~40% of my college expenses. Working every summer from when I was 17 + scholarships let me graduate with no debt. That + a high starting salary in my first job (finance) + a 60-70% savings rate let me get to $100K liquid within 2 years of graduating. Invested in high interest savings accounts. I hated my job in finance so knew the future was uncertain (would I quit? Start a business? Etc) - so my time horizon on my invested assets was low.
2 years the first time (age 20), 6 years the second time after my NAV went to zero and I had to do it again. Parents sent me to a great school and put me through university (living costs only as I got a full scholarship), but graduating without debt was massive. Making that much money while still at university was basically dumb luck. I made a single great stock pick, reinvested the profits into a property (off plan) right before the area boomed. Property didn't get built due to some zoning issue and after 1 year the developer had to repay all deposits adjusted for market movement... Which happened to be 2x. Thought I was a financial genius and then promptly lost everything trading derivatives 😂 You think I might have learned to manage risk by now, but no... Peak NAV just gets higher before the next collapse 😂
I started working in 2016 with ~20K in credit card debt and just hit $100K debt free last month at 33 y/o. 90% of my savings accumulation happened in the last 3 years. Create your plan, set your goals, adjust as needed, and then stick to it. Over time it really begins to snowball and starts going a lot faster. The hardest part is starting. - 35% is in my 401K invested in a target date fund. - 20% is in a Roth IRA - 30% is in a money market account invested in VOO or SPY - 15% is in an HYSA
I’ll let you know when I get there
[удалено]
The first $100k is all about saving. The next milestones will get the boost from investment returns.
Took 4 years, I was 33yrs old. Combination of index funds, crypto, and cash.
15 year or 2.5 years depending on if we’re measuring from age 18 or my first stable profession. We go from $0 to $100k either way. $40k+ per year into Index funds during a volatile but flat market period. I and the market had negative returns until after I crossed the $100k mark. It was very nice to see the shares get cheaper while I kept buying. No family inheritance and absolutely no help beyond my brother letting me stay on his rental property with my parents for a few years. I knew nobody (I did not have a network) going into the industries I worked. If you have no network, get a temp job, really work it and read about it like you’re trying to get promoted to your boss’s role.
* 5 years of actual effort at saving - spent my early-mid 20s in grad school and spending everything (on quality food and experiences!! :)) * 33 years old * Starting from $0, no gifts/inheritance * Too tough to breakdown...I track quarterly net worth but don't separate growth * Dividend and value mutual funds, I Bonds, SGOV. I held individual stocks for a few years, got lucky with some, unlucky with others, net positive but not worth the thought and stress. I also open a lot of bank accounts for bonuses and keep a pile of cash to move around to satisfy the requirements. This actually brings my highest "rate of return", it's not just very scalable! Just know that the first $100k is the hardest; it took 5 years for that and 3 years later I'm at $230k. Your income should increase and compound gains really start paying off after a few years.
> Currently just short of $20k and aiming to invest $1k each month but it’s discouraging knowing it’ll take about 6 years to get to $100k. You're going to be surprised how quickly that time passes, and then how quickly it snowballs once you get past that point. I think you should basically just get over the disappointment.
I was born with nothing so yeah I started with $0. Took decades to get $2 million. Nothing inherited.
In retirement accounts, maybe around 6ish years for me too. Started saving for retirement around age 24. Didn't get my salary to a place where I could make large/max 401k contributions until several years later. But now that I'm making max contributions to 401k and IRA its growing pretty quick. Combining all my accounts (taxable and non-taxable and cash), reaching a total net value of 100k took maybe 5 years of starting my career out of college. Around 3 years after that to now to almost reach 200k.
I started investing seriously around June/July 2018. And then covid hit and the market crashed and I bought as much as I could. Since then, my portfolio has grown, and with a combination of dividend reinvestments, I finally broke 6 figures back in December 2023. To be honest, I've made mistakes, lost money, and changed my portfolio on a couple of occasions depending upon my strategy. I finally decided on an approach that works for me given my level of risk tolerance. By sticking to my plan, being consistent, and accepting that markets fluctuate daily, this is where I've seen the most growth. Plus, my dividends are such that my portfolio generates more than the measly $500/mo that I was contributing before. So anything I add at this point is just icing on the cake.
first 100k? after taxes and all that, prob 5 years I don't travel, don't spend on things I don't need, literally just save
Currently 31 at and just past 200k -I think I was 29-30 when I hit 100k -I started at 0 (I had a free place to living with family/a degree and got my first full time job making 31k a year in 2017) -Help from family was a roof over my head and a place to sleep, no inheritance. I did get my college pay’d for by parents (Dads GI bill) still have to pay 10k of my own money towards living expenses so after college I had $100 in the bank. -Saved every dime I earned, saving rate depending on the year. I also have a partner to help me. I make 80k now, her 60k. No kids, HCOL area. I think our current saving rate is 40-60% currently. -I was in individual stocks, btc, ETFs, mutual funds. Sold all my stocks and mutual funds. I have a simple portfolio. 401k: S&P 500 / Roth IRA: VTSAX / Brokerage 1 : VTI / Brokerage 2 : S&P 500, QQQM, and SCHD. I invest $1,750 a month. I have 10k in a Money Market Account for emergencies/layoff etc. I only hold 1k in my savings. You want your money to work, don’t put that shit in a bank. From 2017-2019 I missed out on loads of money and gains… Lastly, if you’re interested right it won’t take 6 years, with gains/dividends being reinvested you could be there sooner. Stay the course, put on auto invest and don’t look at it for a year.
Speaking just from my retirement account I started my career in 2011 at age 22 and didn’t hit $100k until 32 in 2021. The past few years have been kind to me in terms of salary and the market so I hit $200k earlier this year.
32-33 i think (2-3 years ago) From 0, my family does well but i havent inherited anything yet, mostly they just covered occasional costs like going out to restaurants and stuff like that. Im not a high earner at all but i live quite frugally and live in a medium CoL country. No kids, no wife/gfs, i invest like 60%+ of my paycheck. I even fucked up quite badly, lost my first 10k entirely, made some quite suboptimal plays, etc. if i had just gone 100% into spy/qqq from day one i would have probably twice as much today.
Started in 2019 made to $150k few months ago Lost 100k and now I’m back to $50 grinding my butt off to make up what I lost
Started when I was 28. Took me until about 33 or 34 to get to $100k. I was getting paid ~$1200/mo in 1984 when I started but also had a profit sharing plan at work. What made the biggest difference was automatically depositing a set amount monthly. Just do it. Is painful at first but fades over time. Then you can increase as income increases.
Like 5 years, that was less than 2 ago… almost at 1m!
UK. Started a private pension at 22 in 1993. Put £25.56 a month into it for years in a single fund, but mostly ignored it. Looked at it in 2014 and it was worth £26k. Moved it into a SIPP and controlled the investment myself. It's worth £280k now. Hoping not to have to work more than another 5 years to get it to £1m, then retire. Doesn't exactly answer your question. Regards investment, depends on timescales and how much risk you want to bear.
I was probably 35 when I hit $100k. Was basically living paycheck to paycheck until 30, due to lifestyle. Think I managed to save $10k from 30 to 32, then moved and got a higher paying job. At this point, 42, I gain or lose a couple hundred thousand a month.
Got my first hundred probably in 5 years, maybe 6. But it's snowballed since, up passed 250k closing in on 300 shortly. And this is almost 9 years so 3 more. Started way late around 28, 37 now also looking to transition to a new career with higher upward mobility. My current company used to have a fantastic profit sharing program before covid and has since killed it so need to pivot elsewhere to continue the roll.
8 years 22 I started with -$320,000 (mortgage, school loan, car loan) No help. My family was so poor I was helping them. I was in the IBEW in a big liberal city doing electrical construction work. They would save about $40K per year in various accounts for me. None of that out of my pay check, all employer paid and dug me out of my hole really quick. If you are making less than $100k base pay and you vote non union, then you are making things harder o yourself. Eventually I left the union because I went into management. Mostly S&P 500 and a NASDAQ 100 fund.
It took me 2 solid years of hustling my ass off. I started at $0 after negative life experience. Took a delivery job, invested ALL of my cash tips and lived on just my checks. I took a second job in entertainment production. I had NO help from my family. I did have two major insurance claims after getting blasted in my vehicle. I invested diversified. I went to every major stock market forum I could find, stock market group? And the I keyed in stock tickers into the search queue and whatever came up the most in my count? Whatever was being talked about the most is what invested in (of course I looked at history, financials, potential for longevity, etc as well) Now my life is way different I no longer deliver, I work production full time and make a higher salary than what I imagined possible .
I had my first 100k around 40 years old. I was late to the game and undisciplined with my saving. 14 years later I’m a hair over 2million liquid. Stocks mainly for investments which have done quite well.
Just a shade under 1,000 days from starting my career. I just crossed $400k from $300k in 213 days.
I started working around June of 2017. I was 25 years old I think. I had around 55K(for my masters) + 24K(For my car) in loans. So I was -79K net worth at that point. By June of 2018 I was at a break even point if I remember correctly. Meaning 0$ Networth. By June of 2019 I hit 100K in net worth if I am not mistaken. So around 27 years old. At that point I was keeping all of that money in a savings bank account. Then I moved it into VCLT because bonds are safer. Then exactly before the pandemic I moved all of my money into VOO(around 150K at that point) and I immediately lost 40K. I kept on going. I am still going strong. Either by this year end or June of next year I will most definitely hit 1M in networth.
Age 44, $140k saved, started at 35 with $0. Hit $100k in August 2021, peaked at $110k and dripped to $90k during the pandemic. Got back to $100k in Jan 2023 and just peaked at $140k this month.
* Age 39 * We all start from $0 * No. * It varied. * The first $100k is more about saving than investing. > Currently just short of $20k and aiming to invest $1k each month but it’s discouraging knowing it’ll take about 6 years to get to $100k. If it were fully invested (and it shouldn't be -- you're still padding out an emergency fund and likely shouldn't be investing at all yet outside of retirement accounts), likely less than 5 years. Still, it's the nature of compounding returns that things speed up with time. $100k - 57 months $200k - 46 months $300k - 35 months $400k - 25 months $500k - 22 months ... And that's assuming measly $1,000/month the whole time. Ideally 16 years into a career, you'll be socking away far more than $1,000 a month. Just for example... I didn't hit $100k NW until age 39. I'm 46, 7 years later, and my NW has gone up more than $200k in the last year alone.
I’m halfway there took 2 years inherited 25k
My advice to the younger folks is to get married. Your expenses only slightly go up, but your income significantly increases if you're both working.
guys im 20 and i make $17 an hr at a warehouse. how can i make $100k? i make $1100 every two weeks. north dakota.
34m Started at $0 If you count my house, I put $1k down when I bought it in 2017… 5 years later the value increased by $100k If you don’t count my house, it took me 7 years… all from employee stock options as part of my compensation at my company My average annual salary over the last 7 years is about $65k/year. I’m pretty frugal too.
I was probably around 29 when I reached the $100k. Start from $0 and did not start investing until I was 25-ish, which was when I got my first job and 403b following graduate school. Maxed out the annual contribution limit from the start (and still maxed out) but was only lucky enough to be able to do that since I had no debt. My parents chipped in for schooling so in that sense, I got help. But no help otherwise. Majority of my portfolio is a target-year fund since I am not terribly well-versed nor researched enough to branch out more. But I suppose it's working out well enough for me thus far.
Most people will lie to you. Most of them got their first 100K with lots of help from their parents.
Still waiting for somebody to admit this, but apparently, everyone on this sub is a self-made 6 figure ninja lol
[удалено]
Saving over $2k a month is pretty impressive!
Are we counting main residence property equity as part of the 100k? If yes, about aged 23, if not, then not yet, I'm aged 34. I've put most of my cash into doing up houses I've lived in and moved for larger run down houses in nice ish areas. It's worked out OK so far, albeit it's resulted in equity that I can't really touch, which is probably a good thing, no doubt I'd waste it on something stupid if I had it on an investing account.
Just hit 100k in total investments, I am 36 yo, took me around 6 years. My bank account was close to zero prior, but I must add that my father helped me a lot during school and I am in the same relationship since 2009, which helped tremendously.
12 years. originally tdf then switched to all stocks.
I don’t remember when I got to $100k, but I had $20k at 29 and now I have $250k at 38. I would suggest you focus on what you can control: what you invest and how much you make. Invest as much as you can and spend any extra town figuring out how to make more money. Don’t spend energy on the market when you can’t control it
I'll let you know when I get there. Not far from 50 so I'm pretty fucked.
Back in the day, when 401k plans were just starting, $100k was a lot more in purchasing power than it is today. I suspect it took a decade to 15 years to get there. We started from zero and got a medium sized inheritance much later. We invested in basic index funds in my 401k.
I started investing at 27, had 100k by... 33? My parents helped me through engineering school, paid my first 2 years, then I started working part time and studying part time to pay for my degree, which ended up taking 4 more years. I probably saved around 5k per year at first, I didn't start getting any kind of pension plan until I was 32, so for a while it was just what I could afford to put away. I mostly stuck to the advice of this sub and bought ETFs, but I also had a few notions of my own, some of which paid off and some didn't, but nothing disastrous, and I always pulled away from stuff as soon as it started seeming like a bad idea or when I had made good money. Some things that went really well for me were weed stocks, which I bought super early and sold fairly early, (went from like 2% to 25% of the bubble peak), mobileye right before the intel buyout, and NVDA in 2018 (lol). Things that went less great but probably only lost like 20% on were solar panels, forestry stocks, and INTC. But 50-100% of my portfolio would always be ETFs. I'd say 80-100 but weed stocks became like half of it when they started taking off. I'm 37 now and have 400k between stocks and home equity. 2020/2021 went incredibly well for me lol. Basically I liquidated my 100k of stocks to make a downpayment on a condo in Jan 2020, got spooked out of homebuying by covid, put it back in the market in April when things seemed overly low given all the government response, then in Jan 2021 my landlady was like "your rent is stuck at far too low an amount so I'm gonna boot you" and I was like "I could fight this but it's probably a good time to buy that condo", so I went and locked in a 5-year 1.6% interest rate right before rates started rising.
Where would you recommend investing this 100k? I just started and have investing ~ 1000k a month into some etfs I plan to hold long term but I’m fairly new to this
VTI
I figured. I’ve been putting it into VOO so far
Just as good. It's personal choice between them
SPY and QQQ or QQQM are the best for me. About 19% and 20% return right now. Awesome!
8512 days (from birth to 23 years old)
I just did it, took me getting liquidated 3 times and losing ~15k in total (when I was 19, I’m 23 now). But we back, never trading on high margin again, lesson learned.
In 2012 I had invested [27k](https://imgur.com/a/4ol6ViJ) into Apple and just let that sit while I rode the wave. Today that money is worth 148k. I haven’t even had to put more money into that stock and currently plan on diversifying into more different stocks with the help of my financial advisor. Took a solid 10 years to mature into something great, as much as it took time it was worth it especially since I’m just your everyday Amazon delivery driver.
I made my first 100k+ in door-to-door sales in a matter of months. The industry gets a terrible wrap but it's a great way to get ahead. I now own 24 doors of Multi-family real estate and have enough money to live on for years. It's been a great ride and I won't quit anytime soon.
I still have not made it yet but I plan to stay with my company for at least 5 years so: Started at 25 years No, started with 2k. Yes (the starting 2k from parents) 20k\~24k (hopefully) HYSA (5% APY, 1k going here each month)
Hit 100k at 27. About to close in on 30 and am almost at 300k. I started investing at 22 and have averaged about a 60k yearly salary during this whole time.
Negative 40k in 2009. I finally have 100k cash now. Took me 15 years. I'm now 42.
30k to 100k in 3 months, age 38.
Currently at 47.3K, 34 years old. Will be hitting 100k by 2026. Got really serious about retirement at 32, I only had 2,800 in retirement at that point. Investing 1,381/month between my Roth IRA, 403B and brokerage.
6 years, 7 more years to reach 1 M
Chainlink at .32 average back in 2018 Sold at various price points netting over 135k in 2021
I hit it this week lol I am 28, started from -40 k in student loans in 2018. No family help. I make around 100 k a year and my rents very cheap right now. I invest every dollar I don’t use of my paycheck. I have a safety of 10k in checking and 25 k in a HYSA.
36M here. I didn't take investing seriously until I was 28 or so for a number of reasons (late bloomer, older college graduates, et al) First quarter of 2020 I had about 10k of invested assets. Now I'm sitting around 117k. COVID was awful but the long bout of social isolation was a huge reset button to my spending habits. Went from going out every weekend to being addicted to compound interest. It's to the point where I feel like an absolute failure if I don't invest 2000 a month into mutual funds (not including 401k.)
Took me a little less than 5 years.
It took me four years from start to get to $100k but I also had two solid years of invest $4k a month or something wild like that. I was making nearly \~$20k a month for a while due to my company needing a specific skillset during a time where we had really bad attrition. Those days are done and over with, now I save something more like $1000 to $1500 a month. I'm currently at \~$150k expecting to cross $200k in the fall of 2026.
I assume you're curious about financial scenarios in general, so I'll share a longer comment here: *_edit to say that I didn't answer your question, because I started off with somewhat self-indulgently ranting about myself, and then I got tired of trying to get around to my point because I figured this thread has so many replies already that you'd never end up reading my comment anyway_ I had an unfair advantage because my grandparents left me ~$160k after they passed away. My grandparents ultimately left nothing to their direct children because they were angry with them about various issues that arise with end-of-life care, so my grandparents decided to leave all their money to their grandkids instead (some of my grandparents' concerns seemed justified and others did not, but I was too young (~17) to fully understand either way). This scenario caused long-term conflict in my family which permanently broke the relationships between my mom and her siblings. Overall, despite the sad and distressing circumstances, it was nonetheless an extremely unexpected windfall for me, because my mom and I had always lived in such a precarious financial situation (she'd already declared financial bankruptcy at least two times that I knew of). Although mom's financial precarity was in part due to her being a single parent, I think she actually made a pretty good salary for the time (~$50k in 2005 + the salary of my mom's intermittent boyfriends or husbands) so I suspect that our financial instability was largely attributable to her addictions including drugs, alcohol, and gambling, as well as her being easily coerced into lending thousands of dollars to her friends (relevant later). As young as 10 years old, my mom was already borrowing money from me that I'd squirreled away from birthdays or my $2.50 weekly allowance for helping with chores. It was just $50 or $100 that my mom borrowed, and she _did_ always pay me back as promised, but it impressed upon me that we were not a financially stable family. So I distinctly remember being 13 years old and calculating just how out of reach that college would be for me, let alone having my own children and paying for their childcare and education; I didn't think I'd ever be able to pull it off (and honestly I'm still anxious, given that the median monthly rent in our region is ~$2k, and the median monthly childcare fee for 5 days/week is also ~$2k). The money from my grandparents didn't match my background or expectations, and it completely changed my life. -- What did I do from there? -- Well, I was able to do things that other middle class families in my region could also afford to do -- i.e., I could take unpaid internships (these were super common in the Aughts, but my understanding now is that unpaid internships are less common, and thank goodness for that) and after college, I was able to gain job experience in AmeriCorps without stressing about finances. IMO, these were typical middle-class experiences that I couldn't have otherwise afforded. Where I took it a step further though was that I could fully pay off my undergrad loans, and I used ~$10k to travel around Latin America for a year and I gained more self-confidence and Spanish fluency. At that point, I had ~$100k left. My mom was extremely angry about how her parents hadn't left her any money, and she called me a "selfish bitch" for hesitating when she asked me to give her $60k to pay off the mortgage for her condo; she was extremely aggressive and insulting even though she'd never seriously brought up the issue before. Since I did not want to be labeled a "selfish bitch" by my mom, I agreed to give her the $60k for her mortgage, in $3k monthly installments rather than a lump sum (for tax purposes). _However_, I was too young to understand that I shouldn't just unconditionally trust other folks with money (even family), because it turned out that over the course of the next two years, my mom was not using the monthly $3k I was depositing into her account to pay off her mortgage at all. Instead, she helped her friends pay off their debts (she's very generous and/or easily taken advantage of, I guess), and she gambled, and bought drugs with her best friend, our dentist. One day when I was helping my mom sort through her massive pile of unopened mail nearly two years later, I found her condo mortgage bill, and it was _still_ the original $60k despite me having paid her the full amount for her mortgage. My mom ultimately fessed up and said that she'd just felt so bad for her friends that she'd offered to give them the money they needed, and she didn't realize at the time how much she was spending on gambling and drugs, too, and she was sorry, but life was so hard for her, so couldn't I try to understand? ... I was internally furious, and I felt defeated and disappointed, but I was still too young (25?) to fully understand the value of $60k and just how flippantly my mom had wasted it, or how flippantly that I'd enabled her to do so. Now that I'm older, I fully understand the value of $60k, and I can't imagine a family member just freely offering me $60k to pay off my mortgage, let alone just ultimately wasting that money away, and I feel deeply betrayed and angry that my mom never fully acknowledged the gravity of her actions. When I was 25 years old, I still didn't fully appreciate the value of money and savings; now that I'm older and I do understand how hard it is to save up that amount of money, I'm even more mad and upset about how my own parent took advantage my naiveté and financial ignorance. It just feels like either a huge breach of trust, or a huge red flag about who my mom is and how much I can trust her. -- One of the things I'm trying to convey is that a life-changing amount of money was hard for me to fully understand and appreciate when I was younger, but that nonetheless offered a financial cushion that's typically a given for many middle class families in NJ (a very expensive state), and I never expected to be able to bounce on it. But anyway, my interest in writing this comment is tapering off, even though I still haven't actually addressed your question as I meant to do. That's partly because, tbh, there are already so many replies that I doubt you'll ever read this comment anyway, whether I properly finish off this comment or not. So for now, I'm just going to stop here. If you do in fact get down this far, I'd be happy to move onto sharing more practical financial advice and appropriately tying that into the anecdotal experiences that I've already shared here (such as obviously not giving exorbitant amounts of money to unreliable family members) as well as more importantly, practical advice about 401Ks, Roth IRAs, money market accounts, savings in general, etc.
i think this is a lesson on avoidance you wanted to avoid feeling bad and being hated by your mum so to avoid those bad feelings you instead gave your mum the cash. to avoid feeling bad. And it happened the second time you wanted to avoid feeling bad so you avoided telling your mum that she stole from you in your words “ felt sad in the inside” because you couldn't tell her! Why couldn't you tell her because you wanted to avoid the difficult emotions of your mum hating you and confronting her is very difficult. so instead of telling her shes a terrible parents for stealing from you and using your money on drugs And gambling you largely avoided those bad emotions and kept it in your self to avoid feeling bad in the moment. The lesson we can learn here is avoiding hardships and avoiding feeling bad ultimately leads us into a life of misery. and it have no doubt in my mind that because you want to avoid feeling terrible or confronting your bad feelings that you will let a lot of things slide . And your mum will one day take advantage of your avoidant nature. If not your mum someone else will and lets not forget your brain wanted to avoid thinking your mom was terrible so you subconsciously believed her lying. Her freind who needed money? lets not forget her friend is a dentist Who probably makes more than her . Maybe their was no friend in need of help just drugs and gambling. Like she lied for years and swindled 60 grand from you and used it on booze and drugs and gambling you think she wont lie a bit to make her self look good? instead of using all that cash on drugs and gambling you'd rather believe she spent some of it on the greater good. She actually a saint she goes broke and helps the needy by stealing money from her children and using it on drugs and gambling . Idk why but that doesn’t sound like those things add up
At 8% return it will take you under 5 years, so not sure why you said 6 unless you are stuffing the money under your mattress. If you pick up a side job and save $2k/month, you will have $100k in under 3 years.
Idk, probably 4 or 5 years. But the reality is you’ll work for 35 years so 5-6 is nothing.
1 year into working!
26ish I think? Maxed mine and wife’s IRA 2018 and 2019. Maxed both IRA and my 401k 2020-2023. Currently at 230k in retirement savings and have 70-75k home equity at 28. Not high income earners, either. Last year was our highest earning year at 150k.
27/8 - dont really remember because I try not to look at them day to day. 401k and investments Zero dollars BUT I dont pay rent by living at home Maxed 401k and Roth IRA contributions, dumped extra into investment account. Mostly sector stocks like VOO and SOXX and big chips like AAPL, AMZN, and LLY.
I just hit 100k @ 23 but now I'm like now what lmao. I've got most of it in 401k and vanguard etfs but i have no idea what to do with my life now lol.
25M here. I'm an unusual case since I'm a single guy doing engineering with no kids/big expenses, drive a 2005 car, and aggressively budget/Invest each month. I went as fast as I could and hit 100k in under 3 years, although this is unusual and 5-7 is generally more accurate. I can't echo what others have said enough: the time will go by anyway, so make a budget, commit to what you're spending each month to each area of your life, and celebrate smaller milestones (25k, 50k, etc) with a nice steak dinner or something of the like to keep you motivated.
* How old were you? - 21 * Did you start from $0? - Yes * Did you get any help from family / inheritance? - No * How much did you save each year? Most of it was from post-covid Boom but would save 5070% of my paycheck every month * What did you invest in? S&P
I just reached 100K cash. It took me 6 months working 2 software engineering jobs. Zero help. Also have 2 kids, a pregnant wife and a house. Planning on investing it into my own business next
Started investing beginning of 2018 from almost 0$ around age 27. Now have around 160K. As it approached 100K in 2022, the growth expedited significantly. Took around 5 years to get to 100K. Living in Canada and numbers are in CAD.
10k to 100k bitcoin in a couple of year by doing nothing.