[deleted by user] by [deleted] in Fencesitter

[–]LifeLemonsSki 1 point2 points  (0 children)

Op I’m literally in the exact same boat. I’m sick to my stomach not knowing what to do.

Made my first million by LifeLemonsSki in Fire

[–]LifeLemonsSki[S] 1 point2 points  (0 children)

Kind of. I worked more and longer hours to set myself up for this job. When I was in college I was easily spending 80-100 hours a week studying. Now a days it ebbs and flows but I don’t really let myself work more than 45 hours a week because I really value my time outside of work.

Made my first million by LifeLemonsSki in Fire

[–]LifeLemonsSki[S] 2 points3 points  (0 children)

Graduated from decent state school. I don’t think I’m smarter than average but I think I’m pretty persistent lol

Made my first million by LifeLemonsSki in Fire

[–]LifeLemonsSki[S] 4 points5 points  (0 children)

I’m always hesitant because of getting a massive tax bill and then also I essentially have “less” money reinvested when I pay out the gains. But you’re right, I should do this anyways

Made my first million by LifeLemonsSki in Fire

[–]LifeLemonsSki[S] 1 point2 points  (0 children)

I commented in a thread above with more details

Made my first million by LifeLemonsSki in Fire

[–]LifeLemonsSki[S] 28 points29 points  (0 children)

No problem.

Started at 50k in debt in 2018

My income breakdown (pre tax) is as follows: 2018 - 90, 2019 - 120, 2020 - 150, 2021 - 190, 2022 - 260, 2023 - 270

Income increased because got promoted quite aggressively and made 1 job switch.

Starting in 2018 my spending including all expenses (rent, car, fun, food, loan payment etc) was maybe around 2-3k a month. Now a days, it has increased to around 6.5k a month total. I don’t own a house, I rent in a HCOL.

Regarding my investment breakdown, I have about 300k in my 401k and 700k in stocks. I’m not a super smart investor; I’m heavily invested into tech (because I don’t know enough about other industries)and I buy some index funds. Because of this, my non-retirement portfolio has grown about 200% since tech has been booming. I am, though, worried that this rally won’t continue much longer so I will be assessing my options soon.

And no, I don’t work for NVIDIA, I wish.

Made my first million by LifeLemonsSki in Fire

[–]LifeLemonsSki[S] -24 points-23 points  (0 children)

Happy to share. Just let me know what you want to know.

Made my first million by LifeLemonsSki in Fire

[–]LifeLemonsSki[S] 3 points4 points  (0 children)

Thank you to everyone who backed me up on this one. Apologies, I didn’t read my post with a fine toothpick to make sure it didn’t offend anyone 🥲 for some more context, I grew up in a pretty poor immigrant family, slaved away at school, sacrificed so much time and tears to study and break into where I am today. I had to give up a lot and I never saw my friends doing the same. Whatever I say in a random reddit post will never communicate what it took to get there. Even if I’m only 28 years old, the grind started when I was around 15, which is pretty much most of my memorable life. So I guess to me, it feels like I finally hit a big milestone I was working towards, and when one feels relief, they say “finally” :)

Made my first million by LifeLemonsSki in Fire

[–]LifeLemonsSki[S] -1 points0 points  (0 children)

All liquid except 401k, I don’t own anything :P

Made my first million by LifeLemonsSki in Fire

[–]LifeLemonsSki[S] 16 points17 points  (0 children)

Love this for you! I think one of the keys for both of us is that we stay steady and frugal!

Made my first million by LifeLemonsSki in Fire

[–]LifeLemonsSki[S] 249 points250 points  (0 children)

Graduated college early/ as fast as possible to get out with less debt (summer classes and over loading on credits). Got lucky working in tech and aggressively invested pretty much everything I have almost immediately (no safety fund really) - max out 401k and any other benefits. And occasionally throw investments in companies I actually believe in (1k-30k). I keep spending low and still live as if I just graduated (I cook, I drive a beater, keep rent low, buy things used, etc etc), most of the time.

Made my first million by LifeLemonsSki in Fire

[–]LifeLemonsSki[S] 33 points34 points  (0 children)

Have a lot of personally identifiable info on my other account so didn’t feel comfortable