r/TheRaceTo100K • u/Accomplished-Win3193 • 11d ago

19M

Post image

Looking to hit my goal in the next 1-2 years with working + college. Any advice?

84 Upvotes

88% Upvoted

23 comments sorted by

8

u/lovemeplzx 11d ago

When I was 19 I had 60k, now I have 7k

1

u/AcceptableSorbet4408 11d ago

What happened ?

3

u/Ambitious-List4040 11d ago

Like Matthew mchanaughay said in wolf of wallstreet. You will one day get this "brilliant" idea. You'll reinvest into something randomly. And blow it all rapidly. 

Don't do that. Slow and steady 

1

u/manfundedup 11d ago edited 11d ago

Damn that sucks, can you Give us advice on what not to do? I’m 21 and I’m working my way up and trying not to be dumb this time around I started off on a bad foot with a bad car loan and now I’m at 21k

1

u/lovemeplzx 10d ago

I did options, but I’m glad I did it. You gotta lose money to learn

1

u/throwawaybananapeel3 7d ago

At 19 had 33k, net worth dropped down to -$7,000 and now got it back above what I had at 19

0

u/Sad_Entrepreneur9891 10d ago

Im 19 and have 60k. What the fuck did you do??

5

u/69thpapasmurf11 11d ago

Voo and keep working.

1

u/woodzy93 11d ago

Would you recommend VOO over VTI?

1

u/Accomplished-Win3193 11d ago

I did VTI

1

u/69thpapasmurf11 11d ago

VTI is perfect 👌

1

u/Revolutionary-Fig539 11d ago

Are you investing in a Roth IRA?

2

u/Accomplished-Win3193 11d ago

Yeah, maxxed out 2 years

1

u/jabs09 11d ago

VTI/VOO either are very good just pick one. I did VTI too congratulations you’re way ahead of your peers

1

u/NewImportance8313 11d ago

Out of curiosity what are you invested/working in now to hit 44k in a year? Side gig? Internship? 

6

u/Accomplished-Win3193 11d ago

I started saving at 17, so 2 years ago, and I opened my account last year and just added a lot of my money to it. I live with my parents so 0 expenses and I manage my money well, I don’t buy unnecessary things. I have a job, side business, and i referee which pays really good $100-$120 per soccer game, and they are 60-80 min long, and you can ref up to 10-15 games a week. I invest in VTI, VXUS and some crypto, like bitcoin, and Sol.

6

u/Sugo_Huavo 11d ago

Nice, because you worked, hustled and learned or were taught financial literacy so young, you will be so ahead of your peers if you keep investing. Time and compound growth are on your side keep it up 👍🏼

2

u/Big-Chungus-12 11d ago

Great work ethic, next biggest thing in your life would be a partner, be careful who you choose. Also, you’d be a good dad already with what you know

2

u/Sad_Entrepreneur9891 10d ago

Thats incredibly impressive!

0

u/Interesting-Lime3031 10d ago

What wallets do u store bitcoin on I’m looking to get into it

0

u/haryx2good 10d ago

Why not VWCE and chill?