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Started By
Message
re: At what age did you become a millionaire
Posted on 6/8/18 at 12:56 am to iluvredboxx
Posted on 6/8/18 at 12:56 am to iluvredboxx
35
0
Posted on 6/8/18 at 7:07 am to EA6B
quote:
, it is rare to find a person that inherited substantial money where it had a positive outcome. most people don't value what they didn't earn, put the money in a trust that they can draw from starting at age 40.
There are plenty of instances where generational wealth has been a positive to society. It’s just up to the parents to teach the kids not to be shite heads. Plenty of poor people frick things up too due to poor parenting, but that’s expected of them, right?
Posted on 6/8/18 at 7:25 am to iluvredboxx
It'll probably be early to mid 40's here. Slowly taking on more real estate and over time hope to have a nice portfolio of properties to make retirement at 50-55 much easier.
Posted on 6/8/18 at 7:36 am to MrJimBeam
On track to be there in 3 years
Posted on 6/8/18 at 7:50 am to Ron Cheramie
Posted on 6/8/18 at 8:10 am to iluvredboxx
29, zero inheritance, just traveling the Country chasing pipelines.
Posted on 6/8/18 at 8:47 am to iluvredboxx
42, only making a combined 130,000 a year. Working on a second million right now.
Posted on 6/8/18 at 9:14 am to iluvredboxx
quote:
just did not want to get off track with the ongoing debate.
Well people should explain their definition for context
But every definition works
Posted on 6/8/18 at 9:35 am to iluvredboxx
You made this thread just so you could tell us the age you "made it".
Posted on 6/8/18 at 9:37 am to tiger rag 93
22
Posted on 6/8/18 at 10:21 am to S
This is an interesting question. Growing net worth to a $M is going to take me at least another five years but probably more.
Unless the market continue to expand, I likely won’t hit it for a decade which is totally fine.
Unless the market continue to expand, I likely won’t hit it for a decade which is totally fine.
Posted on 6/8/18 at 10:28 am to lynxcat
you mean in general or just from the markets?
Posted on 6/8/18 at 12:14 pm to mrgreenpants
Investments make up a large portion of my net worth and I assume there will be a downturn in the market which lengthens the time to hit the 7 digit mark.
Posted on 6/8/18 at 12:25 pm to iluvredboxx
The responses to this thread make me realize that my savings suck compared to other TDMB posters....
....and I thought I did good with savings and investing.
SMDH.
....and I thought I did good with savings and investing.
SMDH.
Posted on 6/8/18 at 12:49 pm to KillTheGophers
quote:
realize that my savings suck compared
That’s the thing, though. Stop comparing yourself to others, especially on this website. Some are probably exaggerating and if they aren’t, this board is going to skew toward the upper end of the class spectrum.
Compare yourself to you. Are you on track to retire comfortably in your means? Could you handle an emergency situation without too stress on you/your bank account?
Just work toward your goals and ignore the rest. I would love to be rich, and I think a lot about how to get myself there. Maybe I will maybe I won’t. At the end of the day, I know I have it better than a lot of people. Maybe I still live in an apartment that isn’t as nice as some of my friends. Maybe they’re earning more than me. I still live a comfortable life compared to most others. I may never amass a fortune and that’s okay.
Posted on 6/8/18 at 12:52 pm to KillTheGophers
People who saved poorly aren't going to rush to post in this thread volunteering their poor decisions.
You are likely doing just fine. There is always someone doing better unless you are Bezos (which used to be Buffett/Gates).
You are likely doing just fine. There is always someone doing better unless you are Bezos (which used to be Buffett/Gates).
Posted on 6/8/18 at 12:53 pm to Teddy Ruxpin
I'm working on my second million right now. I gave up on the first. 
Posted on 6/8/18 at 12:56 pm to Teddy Ruxpin
I just looked on a website, I seem to be in the top 20% of earners in my age group.
But the amount of my peers buying brand new trucks and homes, I feel like I’m in the bottom 20% some of the time.
But the amount of my peers buying brand new trucks and homes, I feel like I’m in the bottom 20% some of the time.
Posted on 6/8/18 at 1:04 pm to southernelite
Well,the other part of the equation besides the fact they maybe/probably aren't saving as much is where you live.
People who are killing it mostly live in cities, so even if you're 90th percentile in savings you will feel a lot lower being around centers of wealth. That other 10% is concentrated around you.
I'm in Austin where there is clearly some internet money rolling around that makes me feel bad. Seeing a maybe 30 something year old in a Bentley who doesn't play sports hurts
People who are killing it mostly live in cities, so even if you're 90th percentile in savings you will feel a lot lower being around centers of wealth. That other 10% is concentrated around you.
I'm in Austin where there is clearly some internet money rolling around that makes me feel bad. Seeing a maybe 30 something year old in a Bentley who doesn't play sports hurts
This post was edited on 6/8/18 at 1:05 pm
Posted on 6/8/18 at 1:14 pm to Teddy Ruxpin
I totally agree with there. I’m in Dallas and have friends that work in tech, Goldman, hedge funds, etc. Then I drive through Highland Park on the way home from work everyday and sometimes I’m just like, frick me.
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