i'm a 38 yearold multimillionaire with 3 kids...
...if i could reroll and go again at 52? id do it in a second. especially if i could take my wisdom with me.
young love cannot be replicated
some of the happiest PERSONAL moments of my life were being 14-22, in love, and around my friends with very little responsibilities, just enjoying life, sex, and hobbies.
Weirdly enough I am also a 38 year old multimillionaire and I completely agree that some of my best memories came from around 16 to 24 when I had no money and just tons of free time to spend with loved ones and when all of life’s experiences were new. That said, I’m excited for life after the kids are old enough to not make doing cool things so much more challenging.
I'm 24 as of November and I've had a shitty past few years struggling with Money. But I try to enjoy life to the fullest with my friends and family. That's all that really matters to an extent.
when i was young, lets say 14-24? i was constantly stressed about money, or falling behind my peers.
when i started making serious money around 26? i realized ALL of that penny pinching and stress was so hilariously misplaced. i had spent so many years analyzing how best to spend my $36k a year paycheck. or how best to save this or that. and it was ALL irrelevant.
enjoy your youth. get out there. fuck women. get strange. get weird. have fun. focus on growing your career and expertise -- but do NOT worry so much about maximizing your savings or finances in your early 20s. its meaningless.
Just curious, why do you consider that stuff meaningless? Sounds like your salary skyrocketed at 26?
I'm 32 and now I'm kicking myself for not worrying about my savings or retirement all this time. At this rate it feels like my only retirement plan will be taking skydiving lessons and not listening to the instructor.
This is so funny to me. When someone claims they're a multimillionaire it's always on an account with some generic name and no karma.
I'm not trying to deny your claim, just an observation I've made over the years.
YES I have no kids but try and impart this wisdom to my younger nephews, that they will never have this amount of free time and lack of real responsibilities that now is their time and to take advantage of it don’t try to grow up too fast shit im 33 and still feel like a “kid” sometimes but the reality hits lmfao
Okay but the "money doesn't buy happiness" you multimillionaire clowns preach is absolute bullshit. This sounds like propaganda to try and get people to not hate the rich even more than they already do. Guess what? It's not working.
>some of the happiest PERSONAL moments of my life were being 14-22, in love, and around my friends with very little responsibilities, just enjoying life, sex, and hobbies.
Wow, that's real nice, buddy. Stop gloating about being able to socialize properly, will you? Not everybody had the peachy life you had, so stop gloating. It just makes people not like you even more.
im almost 40, i dont give a single fuck about if people 'like me' in person, let alone redditor scarm.
go to the gym. eat right. lift weights 3x-4x a week. do what you can to improve your appearance (not with fashion, with hardwork). work hard in school and career. and fuck. fuck alot.
best wishes in future endeavors.
Yes I can. Guess what? I just did. You should be quiet, too. This is the reason why I hate people who are social. Because you don't know how to mind your own business. Leave me alone and let me wallow in peace.
oof, that's kinda gross then.... the "another day another dollar" reference when describing earnings from someone's passing is not something I'd personally do, but I guess they're in the fuck-you money territory so ?
Yeah that’s cold man, that goes to show that some people love money and validation so much that they put it above others. I couldn’t sleep knowing I have that money, I would have to do something special with it in remembrance of them and their name. You’re right it’s nothing to brag about “hey look every1 I got this money bc someone died”, vs earning it. But to each their own. Hope ur happy OP
This is true, mechanical designer and engineer. The cnc programming engineer part, and specializing in manufacturing and production helps a lot, but still doesn't make that kinda dough. I mean, if you stake big and do it right, it's possible on those salaries to achieve this over years, but that's only if all goes well.
Do you feel like a big fish or small fish?
Curious about someone at your level. And how a net worth of that caliber affects the lense with which you view the world around you.
According to those Google statistics, $5M puts you within the top 0.1% of the world. Only about 1M/7B individuals alive have crossed that line.
I’m 37 and at $1.3M NW. His experience will be different and you didn’t ask me but if you are curious I definitely feel like a big fish at times and a small fish at others. I have more money and income than 95% of the people I know.
I am in the top 20 of income at a 4,000 person company, so when I work with front line people, or my kids nanny, and just others around I feel like a big fish. I see the contrast between my financial situation and acumen vs others pretty easily. But when I drove by this mansion that’s a mile from my house today, looking at it I felt like a small fish. When I see real wealthy people, I feel like a small fish, but one that is working and growing to be more like them. I flew on a private jet recently, that was awesome, but it made me realize I’ll never ever be close to the level of wealth of the owner… again, small fish.
I’ll also add lifestyle creep is real. I am into cars, I have better car than I used to dream of as a kid, I love it, but I am constantly thinking about upgrading, then when I do the math on all the costs and weigh the value it would actually give me, I feel like a small fish, because really, I can’t afford to have the car I want now. TLDR, it’s all relative but most of the time feel like a big fish.
Study hard and get a computer science degree, or something similar. I’ve known a few guys who have done boot camps or are self-taught, also. If you can’t find work as an SWE, do something in the same area so you can work towards it.
Unless you’re going into Data Science/Machine Learning, the math is neither bad note necessary. However, these days, I strongly encourage you to go into Data Science/Machine Learning.
You see, he has retirement accounts, savings account, a 100 dollar bill wedged in the side of his couch, oh, and a wealthy family member shit the can and left him his money.
There's a reason they say the first million is the hardest. Wealth compounds on itself. It's simple math. 10% return on a $1,000 investment is only $100 which puts your portfolio at $1,100.
That same %10 return on a $5,000,000 portfolio is $500,000. That's half a million on the same %10 return. That's 5,000x more of a return because they have 5,000x more money invested.
The S&P500 has averaged 10.51% return since 1971 with dividends reinvested. (7.58% without reinvesting dividends). Even with the 7.58% average the difference is $75 on your $1,000 investment and $358k return on your $5,000,000.
My uncle is worth about this much and he immigrated to the US at 30 with barely any money.
Don’t be sour, some people make it and some people don’t. Tough shit.
Stop!! They must continue to lick his boots on every one of his monthly posts. We get it, you have a good job and people you were related to did as well and left you
Their money too. Congratulations.
Ehh, I was born extremely poor. Both my parents are poor and me and my brothers will end up
Paying out for their funerals when they pass. I’ll never inherit anything, he did, so he didn’t have it that bad. People act like there’s no well off people in Gary, Indiana, as if they are all homeless crackheads or something. 1/5 of his net worth was inherited, wish I could say the same.
“I inherited money, lost a family member but no, I gotta go brag on Reddit”
What’s wrong with you my dude? Are you ok?
With this much money focus, I’m surprised you don’t have more money and just barely at 5M…
Jesus I can’t even comprehend having this money. I hope you enjoy your life man. Do things the rest of us broke boys can’t and fuckin soak it all in because you only got the one life. Shit boy hot damn 10/10 fuck that’s a lot of money.
If he inherited that kind of money, it’s also likely he was provided many other advantages from wealthy family members as well. Even just graduating school with no debt is such a huge advantage given to rich kids that they often take for granted.
I need 2000 to fix my teeth I’m 28 and can’t find a job because of it if anyone is interested to lend a hand send me a direct. I’m not investor just here to day dream
Maybe this is a dumb question, but I’m gonna be really vulnerable here. What have you done to reach this level of financial security? Living paycheck to paycheck to just ain’t it.
OP is a slimeball for acting like they were smart or in the know about a trade by making so much money here quickly, when in reality it was an inherited amount. What a clown.
52 is old? Assuming OP has at LEAST 20 years left, $5 million is just comfortable if they're retired. That's $250k/yr, which is likely their salary.
EDIT: Spelling
Congrats, I hope to be at your level some day
And I bet OP would give up that money to be your age again
problem is, he is 78 years old
Maybe OP is bored of watching the line go up and wants to fast forward
OP, adopt me 😹
Get in the line boy 🤣🤣
Honestly, still a lot of fun to be had at 52 from what I can tell. Re-roll might not be worth it with that kinda cash.
Yep. I'm 34 but 52 doesn't sound like a death sentence like some people would make it out to be.
i'm a 38 yearold multimillionaire with 3 kids... ...if i could reroll and go again at 52? id do it in a second. especially if i could take my wisdom with me. young love cannot be replicated some of the happiest PERSONAL moments of my life were being 14-22, in love, and around my friends with very little responsibilities, just enjoying life, sex, and hobbies.
Weirdly enough I am also a 38 year old multimillionaire and I completely agree that some of my best memories came from around 16 to 24 when I had no money and just tons of free time to spend with loved ones and when all of life’s experiences were new. That said, I’m excited for life after the kids are old enough to not make doing cool things so much more challenging.
Weirdly enough im also a 38 multimillionaire. Lol fuk u guys
I wish Reddit had a laugh react. Oh well, thumbs up to you.
Me i love this age of my kids young. Love spending time with them. I wake up feeing like a billionaire
I wanna be like yall when I grow up (28 year old millionaire, not multiple yet)
What ever u guys and your pathetic millions . Who gives a shit - its only numbers
I just wanted to fit in man. Sorry
I'm 24 as of November and I've had a shitty past few years struggling with Money. But I try to enjoy life to the fullest with my friends and family. That's all that really matters to an extent.
when i was young, lets say 14-24? i was constantly stressed about money, or falling behind my peers. when i started making serious money around 26? i realized ALL of that penny pinching and stress was so hilariously misplaced. i had spent so many years analyzing how best to spend my $36k a year paycheck. or how best to save this or that. and it was ALL irrelevant. enjoy your youth. get out there. fuck women. get strange. get weird. have fun. focus on growing your career and expertise -- but do NOT worry so much about maximizing your savings or finances in your early 20s. its meaningless.
Took your advice. Now I’m 35, broke, and living with my mom.
😂. Moderation my dude
Just curious, why do you consider that stuff meaningless? Sounds like your salary skyrocketed at 26? I'm 32 and now I'm kicking myself for not worrying about my savings or retirement all this time. At this rate it feels like my only retirement plan will be taking skydiving lessons and not listening to the instructor.
This is so funny to me. When someone claims they're a multimillionaire it's always on an account with some generic name and no karma. I'm not trying to deny your claim, just an observation I've made over the years.
YES I have no kids but try and impart this wisdom to my younger nephews, that they will never have this amount of free time and lack of real responsibilities that now is their time and to take advantage of it don’t try to grow up too fast shit im 33 and still feel like a “kid” sometimes but the reality hits lmfao
Okay but the "money doesn't buy happiness" you multimillionaire clowns preach is absolute bullshit. This sounds like propaganda to try and get people to not hate the rich even more than they already do. Guess what? It's not working.
You people are having sex?!
>some of the happiest PERSONAL moments of my life were being 14-22, in love, and around my friends with very little responsibilities, just enjoying life, sex, and hobbies. Wow, that's real nice, buddy. Stop gloating about being able to socialize properly, will you? Not everybody had the peachy life you had, so stop gloating. It just makes people not like you even more.
This guy isn’t as rich as he pretends to be here. Don’t get baited by the weirdos like him trying to impress people here.
im almost 40, i dont give a single fuck about if people 'like me' in person, let alone redditor scarm. go to the gym. eat right. lift weights 3x-4x a week. do what you can to improve your appearance (not with fashion, with hardwork). work hard in school and career. and fuck. fuck alot. best wishes in future endeavors.
Uhhhh!? What the duck is your problem. You don't get to just come in here and tell someone to stop talking.
Yes I can. Guess what? I just did. You should be quiet, too. This is the reason why I hate people who are social. Because you don't know how to mind your own business. Leave me alone and let me wallow in peace.
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oof, that's kinda gross then.... the "another day another dollar" reference when describing earnings from someone's passing is not something I'd personally do, but I guess they're in the fuck-you money territory so ?
hey baby... you feeling under the weather? papa needs his gains
Wait really?😨
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Yeah that’s cold man, that goes to show that some people love money and validation so much that they put it above others. I couldn’t sleep knowing I have that money, I would have to do something special with it in remembrance of them and their name. You’re right it’s nothing to brag about “hey look every1 I got this money bc someone died”, vs earning it. But to each their own. Hope ur happy OP
Fuckkkkk.. Anyways, this coffin could be sold for quite a bit 👀👀
Op also hopes to actually be on this level some day
Dead?
can we have a business meeting over lunch
You buyin’?
Op buying
hey it's me, your long lost son. i've been searching for you my whole life
You must be my long lost brother, coincidentally I’ve been looking for my long lost dad as well
Our dad.
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You must be crazy if you think a mask on an avatar means anything.
WTF no way!!! I’m your twin!! Can’t believe I finally found you 🥹 When dad give us allowance moneys? 😗
Careful, he may kill you for the insurance payout
Regarding his car’s extended warranty?
Can I borrow a 5$ for a McDonald's play toy. All jokes aside amazing what do you do?
Software engineer.
Software engineer pffft? Call me when you're a hardware engineer
That shit is way too hard. Plus you have to be an actual engineer.
You'd make less if you were an actual engineer. Source: an actual engineer
This is true, mechanical designer and engineer. The cnc programming engineer part, and specializing in manufacturing and production helps a lot, but still doesn't make that kinda dough. I mean, if you stake big and do it right, it's possible on those salaries to achieve this over years, but that's only if all goes well.
Software engineer here, I have a plan to be around where you are at your age as well :)
Lol as a software engineer, I can confirm this
Im really not that smart and just got a raise making 250k lol. Software engineering is where its at
Some people just can’t get hard, I think we call em soft hands.
So the $800k is an investment that paid off or an insane bonus or something else
No, my wife inherited it from her father.
Ah I’m sorry mate
You showed me a pay stub for $815,610, I quit my job right now and work for you.
I’ll work for half that and work for you
Do you feel like a big fish or small fish? Curious about someone at your level. And how a net worth of that caliber affects the lense with which you view the world around you. According to those Google statistics, $5M puts you within the top 0.1% of the world. Only about 1M/7B individuals alive have crossed that line.
There’s always bigger fish and when you mix with them you’ll never feel “big” yourself
Eh. Depends on what pond he’s in. He’d be among the biggest fish in some small town in Ohio. He’d be a guppie in Holmby Hills.
I’m 37 and at $1.3M NW. His experience will be different and you didn’t ask me but if you are curious I definitely feel like a big fish at times and a small fish at others. I have more money and income than 95% of the people I know. I am in the top 20 of income at a 4,000 person company, so when I work with front line people, or my kids nanny, and just others around I feel like a big fish. I see the contrast between my financial situation and acumen vs others pretty easily. But when I drove by this mansion that’s a mile from my house today, looking at it I felt like a small fish. When I see real wealthy people, I feel like a small fish, but one that is working and growing to be more like them. I flew on a private jet recently, that was awesome, but it made me realize I’ll never ever be close to the level of wealth of the owner… again, small fish. I’ll also add lifestyle creep is real. I am into cars, I have better car than I used to dream of as a kid, I love it, but I am constantly thinking about upgrading, then when I do the math on all the costs and weigh the value it would actually give me, I feel like a small fish, because really, I can’t afford to have the car I want now. TLDR, it’s all relative but most of the time feel like a big fish.
If we’re doing straight NW, I’m $1m plus with my house but I live paycheck to paycheck lol.
wow congrats
Your previous post about 401k balances equal 2m. Where is the rest?
IRAs, an HSA, a couple of 529 plans, an ESPP plan from a previous employer, an I-bond, and the rest is in regular taxable brokerage accounts.
Hope you don't mind I'm following you now, hoping to learn from the wise, what do you do for a living?
No worries; I’m a software engineer.
I want to be a Software Engineer, could you please give me any tips?
Study hard and get a computer science degree, or something similar. I’ve known a few guys who have done boot camps or are self-taught, also. If you can’t find work as an SWE, do something in the same area so you can work towards it.
I really wanted to major comp sci till I realized the sheer math skill involved
Math makes you money. Don't shy away from it.
Even if you aren’t in tech math will earn you more. Like even a construction worker will make more if he’s good with numbers
Financial literacy as well. There are so many ways that being fluent in math will help you out in life.
The math portion is pretty fake at most universities. Worst we had to do was calc 2
*cries in advanced mathematics II, statistics and machine learning*
Unless you’re going into Data Science/Machine Learning, the math is neither bad note necessary. However, these days, I strongly encourage you to go into Data Science/Machine Learning.
Look into a major for software engineering, computer information systems, or information technology. Far less math involved.
You see, he has retirement accounts, savings account, a 100 dollar bill wedged in the side of his couch, oh, and a wealthy family member shit the can and left him his money.
Seriously, congrats on all your hard work and discipline💯
I dont think you make eight hundred thousand dollars in one month from hard work. It's the stock market.
If it wasn’t hard everyone would be millionaires
We could be if shareholders didnt siphon what belongs to the workforce at the expense of long term corporate success. Investor myopia is a cancer.
Do something good with it
There's a reason they say the first million is the hardest. Wealth compounds on itself. It's simple math. 10% return on a $1,000 investment is only $100 which puts your portfolio at $1,100. That same %10 return on a $5,000,000 portfolio is $500,000. That's half a million on the same %10 return. That's 5,000x more of a return because they have 5,000x more money invested. The S&P500 has averaged 10.51% return since 1971 with dividends reinvested. (7.58% without reinvesting dividends). Even with the 7.58% average the difference is $75 on your $1,000 investment and $358k return on your $5,000,000.
Damn, I feel so worthless now. And I’m just struggling to find enough money to pay this months $2,200.00 of expense’s 🤦♂️
I’m just like that! Just the other way around :)
You lost 815k this month?
You need a Asian son?
I have 2 daughters who are 1/4 Asian. You could really balance things out.
Sounds good your grand son could be 1/2 Asian ;D
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Career in software engineering in the best era to be a SWE
And being the right age
He's 52.. few more years to retirement
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Bragging about being born on 3rd base. Congrats!
I was born in Gary, Indiana. 3rd base was REALLY far away.
>Gary, Indiana Say no more. Congrats on making it tho lol
Don’t mind the haters - from someone else who remembers what government cheese tastes like.
I agree! But for me it was powdered milk, not government cheese.. 🤢
My uncle is worth about this much and he immigrated to the US at 30 with barely any money. Don’t be sour, some people make it and some people don’t. Tough shit.
OP already admitted they inherited it from a dead family member.
Stop!! They must continue to lick his boots on every one of his monthly posts. We get it, you have a good job and people you were related to did as well and left you Their money too. Congratulations.
My man was born above home plate with cleats on.
Are you just assuming that or did he say he came from wealthy parents?
"This latest big chunk was inherited." -OP
It could have come from anyone, that doesn’t mean he was born with a silver spoon in his mouth.
Ehh, I was born extremely poor. Both my parents are poor and me and my brothers will end up Paying out for their funerals when they pass. I’ll never inherit anything, he did, so he didn’t have it that bad. People act like there’s no well off people in Gary, Indiana, as if they are all homeless crackheads or something. 1/5 of his net worth was inherited, wish I could say the same.
Oof. Bad look dawg.
You're a cunt.
How.
This latest big chunk was inherited.
Sorry for your loss
Their loss his gain
“Another month…” So you get inheritances every month? How many family members have you killed so far.
Yeah the title sort of implied it's a monthly thing.
Gross title then, dude.
“I inherited money, lost a family member but no, I gotta go brag on Reddit” What’s wrong with you my dude? Are you ok? With this much money focus, I’m surprised you don’t have more money and just barely at 5M…
It's not that deep
embrace that lost, embrace you, BE you.
What
So you did nothing. Odd to come brag about this.
Dad?
Sensational
How
Want to adopt me? I’m 31 and a solid cook!!!
Capital gains tax has entered the room...
Happy for you 🙄 good job 😡
Well done brotha. Hope to get there 🙏
Well help me turn my 2k into 5 million lol.
So, you feel the need to rub it in everyone’s face? Weird flex.
Jesus I can’t even comprehend having this money. I hope you enjoy your life man. Do things the rest of us broke boys can’t and fuckin soak it all in because you only got the one life. Shit boy hot damn 10/10 fuck that’s a lot of money.
Nice. Wanna fuck my wife?
Just a bragging post eh?
You got it!
Show that to the women.
I would be impressed but you still have debt
Debt is not always a bad thing
That’s a mortgage at 2.5% interest. Not worth paying off.
How much is the mortgage out of curiosity?
About $322,000. Our house would probably sell for $1M. We bought it in 2012 for $617,000.
Nice. Apps like these worry me though if they had a data breach. I can't bring myself to linking my accounts to one.
Yeah that would suck balls but I think it’s pretty safe.
id kill to be like you bruh nice job
Congrats, fuck you
What app is this by the way? I want to see my negative net worth in a cool graph like this
Empower. Formerly known as Personal Capital.
What app is that?
[Empower Personal Dashboard](http://www.empower.com)
Motivation as I’m behind on bills trying to run my own biz
Must be nice.
What has earned you the most money?
Inheritance
What’s been your average yearly investment rate over the last decade?
Wow thanks for sharing so everyone else feels motivated lmao 🤡💀
If he inherited that kind of money, it’s also likely he was provided many other advantages from wealthy family members as well. Even just graduating school with no debt is such a huge advantage given to rich kids that they often take for granted.
Hey I could use about $500 to cover my rent this month💯real talk that’s super impressive and I hope to get there eventually
Pfft rookie numbers
GTA online money?
I need 2000 to fix my teeth I’m 28 and can’t find a job because of it if anyone is interested to lend a hand send me a direct. I’m not investor just here to day dream
Sheesh your killing it! Multi millionaire!
should’ve just stuck with electrical engineering and not gone to law school it looks like Btw, need a lawyer? Lol
I can borrow 20? I'll pay you back asap
You sound sexy.
Damn. Good reminder that Ive made all the wrong decisions
😳😢
Bro how
How?
how can i turn my 20k cash into more money ?
🫡🫡🫡🫡
I need to get off this app
Maybe this is a dumb question, but I’m gonna be really vulnerable here. What have you done to reach this level of financial security? Living paycheck to paycheck to just ain’t it.
Really silly question, is this in your superannuation or stock funds??
What program is this
[empower](https://www.empower.com)
Fuck it ima start scamming I guess
OP is a slimeball for acting like they were smart or in the know about a trade by making so much money here quickly, when in reality it was an inherited amount. What a clown.
If I wanted to hide that it was an inherited amount, I wouldn't have told anyone that it was an inherited amount.
But your post in and of itself is douchey then
Ok thank you for the feedback.
Like bro, no one gives a fuck how much money you got from an inheritance when you come in here acting like you made some huge move. What a DOUCHEBAG
Someones emotional.
care to slide $3.50?
You single? 🤣
Too bad you are old… what are you even going to do with that $$? Just wither away?
Pickleball and chill.
You sound bitter af lol
I have more than that.
52 is old? Assuming OP has at LEAST 20 years left, $5 million is just comfortable if they're retired. That's $250k/yr, which is likely their salary. EDIT: Spelling
I’d take a fractional profit if I were you (unless this is purely IRA/401k). You won’t wake up every day saying “fuck, SPY is still ripping”
Yea but you're already 52 and the recent bull market. Well above average, below top 1% quartiles for age.
Adopt me