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Started By
Message
Your money earning more money than you do?
Posted on 9/20/25 at 9:02 am
Posted on 9/20/25 at 9:02 am
Is it possible for you? Is this in the bag for you?
Might this be a goal for you youngins?
Entered professional life with this goal by 45yo. Came from small town, 1st in family to go to college, yada yada. Understated income potential so, technically, did not achieve. But the mindset and behaviors sure gave future self financial options that could only really appreciate once arrived to “future self”. Blessed.
To say, especially to those early in their professional career/jobs, it’s a worthy goal that brings all kinds of value that you may not think about early stages of your working life. It just might be possible. If so, can bring amazing freedom.
Might this be a goal for you youngins?
Entered professional life with this goal by 45yo. Came from small town, 1st in family to go to college, yada yada. Understated income potential so, technically, did not achieve. But the mindset and behaviors sure gave future self financial options that could only really appreciate once arrived to “future self”. Blessed.
To say, especially to those early in their professional career/jobs, it’s a worthy goal that brings all kinds of value that you may not think about early stages of your working life. It just might be possible. If so, can bring amazing freedom.
This post was edited on 9/20/25 at 9:14 am
18
Posted on 9/20/25 at 9:27 am to Artificial Ignorance
I’d bet less than 1% of the population can do that (or 80% of MT). I recently commented to my wife that my son’s qqqi earns more interest than he can earn for an allowance, so I guess he’s already there.
But, that will be short lived come college. I have to imagine when he’s out of college in 20 years, the down payment for a house will be $100-200k.
Functionally, you’re looking at a generation that will be in their 40s before they can buy a home, and that’s if their parents covered college. Unless life expectations are extended an additional 30 years, there won’t be enough time to compound savings.
But, that will be short lived come college. I have to imagine when he’s out of college in 20 years, the down payment for a house will be $100-200k.
Functionally, you’re looking at a generation that will be in their 40s before they can buy a home, and that’s if their parents covered college. Unless life expectations are extended an additional 30 years, there won’t be enough time to compound savings.
Posted on 9/20/25 at 9:43 am to Artificial Ignorance
quote:
Might this be a goal for you youngins?
It should be a benchmark for retirement, for sure.
quote:
Is it possible for you?
Yeah, but I'd have to work a long time. I am blessed with other advantages so that I'll have some passive income in retirement to bolster savings.
Posted on 9/20/25 at 10:00 am to Artificial Ignorance
Currently no. Possible yes.
Posted on 9/20/25 at 11:00 am to Artificial Ignorance
I’m currently trying to figure out our retirement (coming for both in next few years) budget. At the end of this year, I’m going to go through the checking account and see how much of our annual take home (less savings and investments) we actually spend on life.
I won’t know until then, but I think we can replace that annual spending amount with about 3% of what we have saved. Hopefully, the retirement funds will earn that much or more on average.
So our money won’t likely earn more than our career-end salaries, but we have a shot for it to replace the part of the salaries we live on.
I won’t know until then, but I think we can replace that annual spending amount with about 3% of what we have saved. Hopefully, the retirement funds will earn that much or more on average.
So our money won’t likely earn more than our career-end salaries, but we have a shot for it to replace the part of the salaries we live on.
Posted on 9/20/25 at 11:27 am to Artificial Ignorance
It is possible with patience.
I am semi-retired, with my only income coming from investments. I am making more money now than when I quit my day job a few years back. I built my wealth by having a good paying career and thru many years in the stock market.
I used stock market money to get into real estate investing. Rentals, new construction spec houses, and land investing are funding my early retirement years. My 401k is steadily growing faster than inflation. It took a lot of patience to stay invested for many years to get my base to the point where the yearly growth became significant. Once one reaches a million (or two), then a 10% growth becomes significant. 10% annual growth is achievable for most. But most have to go thru years and years of growth based on a much smaller base. I did. The only time I withdrew investment money was to move it to a different investment. It took patience and the discipline to not raid my investment money for the wants of the day. If I couldn't purchase a vehicle, boat, house, ...without tapping into my investment money, then I didn't make that purchase. "Get Rich Slow" is what I preach to my kids.
I am semi-retired, with my only income coming from investments. I am making more money now than when I quit my day job a few years back. I built my wealth by having a good paying career and thru many years in the stock market.
I used stock market money to get into real estate investing. Rentals, new construction spec houses, and land investing are funding my early retirement years. My 401k is steadily growing faster than inflation. It took a lot of patience to stay invested for many years to get my base to the point where the yearly growth became significant. Once one reaches a million (or two), then a 10% growth becomes significant. 10% annual growth is achievable for most. But most have to go thru years and years of growth based on a much smaller base. I did. The only time I withdrew investment money was to move it to a different investment. It took patience and the discipline to not raid my investment money for the wants of the day. If I couldn't purchase a vehicle, boat, house, ...without tapping into my investment money, then I didn't make that purchase. "Get Rich Slow" is what I preach to my kids.
Posted on 9/20/25 at 12:01 pm to Artificial Ignorance
I wish, although I've finally hit where my passive income is now in the six figures
Posted on 9/20/25 at 12:37 pm to Artificial Ignorance
quote:
Is it possible for you? Is this in the bag for you?
Been there for about 4 years now. About double or more. Just running up the score now.
Posted on 9/20/25 at 1:10 pm to lsuconnman
Hear you.
If work for 40 years, if can live on 90% of gross salary (on avg over that time period, understanding that earlier years are lower salary end and higher college loan payback period) and investment difference where investments return 8%…seems like math projects more possibilities than only 1% of people?
Is it really impossible for 99% of people to control their lifestyle to 90% of their gross salary over this 40yr period?
My 1st child is year 2 of career post college and saves 15% of gross income. If had college loans to payback (does not) would be 10% of gross income. Manages lifestyle and expenses to this outcome. Far from a FIRE lifestyle.
On paper, they will get there. It takes managing lifestyle.
If work for 40 years, if can live on 90% of gross salary (on avg over that time period, understanding that earlier years are lower salary end and higher college loan payback period) and investment difference where investments return 8%…seems like math projects more possibilities than only 1% of people?
Is it really impossible for 99% of people to control their lifestyle to 90% of their gross salary over this 40yr period?
My 1st child is year 2 of career post college and saves 15% of gross income. If had college loans to payback (does not) would be 10% of gross income. Manages lifestyle and expenses to this outcome. Far from a FIRE lifestyle.
On paper, they will get there. It takes managing lifestyle.
This post was edited on 9/20/25 at 1:21 pm
Posted on 9/20/25 at 1:31 pm to KWL85
quote:
“Get Rich Slow" is what I preach to my kids.
Wisdom! Same here.
Getting mindset and behaviors started when compounding is most powerful (ie, immediately in career) pays off big time.
The trade offs people make (knowingly or unknowingly) when they live larger than they need to in their early career years, foregoing time value, is 5, 6 and sometime 7 digits worth of future value destruction.
To say, while I know inflation, college loans and housing prices are all headwinds, income - investments = expenses math still checks out to create money that potentially earns more money that gross salary, no?
Posted on 9/20/25 at 1:38 pm to Artificial Ignorance
This is why I retired. I make significantly more money now than I did when working.
Posted on 9/20/25 at 2:13 pm to Artificial Ignorance
My net worth has gone up almost 150k this past year and my wife hasn’t worked at all. I have not saved much on my single salary.
Posted on 9/20/25 at 2:35 pm to Artificial Ignorance
This will get a lot of downvotes, but the system doesn’t reward merit, it rewards time.
You can have the most talented child on the planet…but good luck competing with the kid who’s parent created an LLC so that his child can mow a rental property to justify the 9 year old’s Roth contributions…and good luck to that 9 year old trying to compete with the kid who’s grandparent established his trust fund.
You can have the most talented child on the planet…but good luck competing with the kid who’s parent created an LLC so that his child can mow a rental property to justify the 9 year old’s Roth contributions…and good luck to that 9 year old trying to compete with the kid who’s grandparent established his trust fund.
This post was edited on 9/20/25 at 2:47 pm
Posted on 9/20/25 at 3:07 pm to Artificial Ignorance
Someone that’s 30 now is gonna need 15 million to retire
I used to say it was 10 million back in 2020 but the dollar has lost half its value since then
In 10 years a banana really will be 10 dollars due to the dollar losing 20% of its spending power a year plus all the banana pickers will live in the us on welfare
I used to say it was 10 million back in 2020 but the dollar has lost half its value since then
In 10 years a banana really will be 10 dollars due to the dollar losing 20% of its spending power a year plus all the banana pickers will live in the us on welfare
This post was edited on 9/20/25 at 3:08 pm
Posted on 9/20/25 at 3:11 pm to TheOcean
quote:
I wish, although I've finally hit where my passive income is now in the six figures
That’s pretty bad for how much you brag about how much you make
What’s the address of your McMansion? I’ll send you a Dave Ramsey book
Posted on 9/20/25 at 3:13 pm to lsuconnman
quote:
good luck to that 9 year old trying to compete with the kid who’s grandparent established his trust fund.
That is merit
Believe it or not, being the favorite grandkid takes work
ETA: some of yall should move some of these intangibles that yall brag about inflating your net worth into tangibles
The government created a fake virus to kill off small businesses, I think the boomer stock portfolio is the next thing they go after.
This post was edited on 9/20/25 at 3:17 pm
Posted on 9/20/25 at 3:37 pm to Artificial Ignorance
I would have needed a LOT of liquidity in both 2008 and 2020, and gotten even luckier with my bets.
Posted on 9/20/25 at 3:40 pm to Bestbank Tiger
Is 10% annual roi reasonably attainable in retirement
Posted on 9/20/25 at 3:48 pm to el Gaucho
Damn, bruh. I thought we were boys
Posted on 9/20/25 at 4:24 pm to el Gaucho
quote:
That is merit
Maybe, maybe not.
But there is a discussion to be had about any kid who can trace his family back five generations.
I’m also pretty certain you can find a correlation to directional state university enrollment and the number of generations the student can trace his family.
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