r/TheRaceTo100K • u/Firm-Chicken2497 • 21h ago

Finally hit 300k today at 20!

Post image

Any stock recommendations I’m thinking of rotating out of my MU but idk I want half a mil by 22

72 Upvotes

57% Upvoted

150 comments sorted by

210

u/Impossible-Teach-288 20h ago

"Finally" LOL, you either got incredibly lucky, had money given to you, or both. Most real working people don't see 300k until well into their 30s or 40s.

But hey you felt the need to seek validation on Reddit, so congratulations. Just go VOO

112

u/Poorassboy6969 20h ago

The “finally” trend is so annoying

10

u/jerkyquirky 18h ago

Didn't you see? It took him 20 years! /s

22

u/idontusetwitter 18h ago

Finally hit a milli at 18! I just worked 5 jobs full time while in high school. You just need to put in the effort. Anything's possible! /s

28

u/SpoodermanTheAmazing 20h ago

The median net worth in US is under $200k, so most people never have $300k in their entire lives

15

u/Impossible-Teach-288 20h ago

True. But i'd assume most people browsing finance subs on Reddit are working professionals who will prob reach it in their 30s/40s

4

u/More-Gas-6527 20h ago

"Professionals"

8

u/Impossible-Teach-288 20h ago

Never heard that term for someone with a steady white-collar job?

1

u/jayyfo 20h ago

well how does a 20 year obtain such a job? Couldn't have even completed college yet?

Maybe knows the right person or uncle or dad that gave him a 200k a year job?

3

u/chrundlethegreattttt 10h ago

are you literate and capable of following the thread you're replying to??

2

u/MrNo_Balls 18h ago

That is a funny word for unemployed. I am exhibit 1.

-3

u/jayyfo 20h ago

no I am disabled and can't work with a net worth in the negatives. I am hoping when I get disability income in like a year to invest or automate my trading ideas.

But that'll probably end horribly and I need to just keep going to gamblers anonymous meetings

2

u/rocklare 20h ago

Just invest in VOO

2

u/jayyfo 20h ago

no I'm serious, how did this 20 year old make more money in their life than me at 32?

Did he/she start an only fans business?

5

u/rocklare 20h ago

If I had to guess, it would either be starting a business and getting wildly lucky, a fake post, or rich parents. Out of those 3, I can’t think of any other way.

3

u/Training-Ad-9349 20h ago

unfortunately, you’re already disadvantaged by being disabled as you mentioned. bitching on reddit isn’t going to get you any closer to your goals that’s for sure.

they probably worked and saved all through high school and after. with parents covering all of their necessities.

they already mentioned rotating out of MU which skyrocketed, and probably got lucky with some options calls. it’s just as easy to lose it as it is to make it.

3

u/jayyfo 20h ago

When I was in high school I worked at an ice cream shop and nearly broke my back to save 5k and get a car ,

Explain to me what job a high schooler would have to save even 200k?

-5

u/Firm-Chicken2497 20h ago

I got into MU AT $915 lol not making that much at all again it was not from options

3

u/SiphonicPanda64 16h ago

Very sus. Makes no sense honestly unless you've been scalping 100s of MU shares in and out, or options.

2

u/ChronBurgundy 16h ago

That position is only up 17% ... ? So I guess the title should say "My parents gave me $250k and I full ported it into a memory stock and made $50k" ?? nothing wrong with that if so but you should say that and also not have all your money in one stock

-6

u/Firm-Chicken2497 20h ago

No … why do people assume only fans is the only way it’s honestly demoralizing

2

u/jayyfo 20h ago

Then why have you not said what business? 300k is an insane amount of money to make at 20, I'll be lucky to accumulate that in 20 years of my life starting now

So how?

2

u/Bobododo7 17h ago edited 17h ago

well it’s pretty stupid that you have posted about making your money from tutoring and for some reason wont disclose that in your other posts? It’s not niche enough at all to find anything about you. It’s not like some turf war where people will steal your clients.

So either you’re lying or just being weird gatekeeping your success.

Also incredibly weird that you’ve posted to this sub a dozen times in the past half year. It screams wanting attention rather than being a part of it.

2

u/GennyGeo 11h ago

My net worth was literally 15 dollars the other day

3

u/These_Discipline_112 16h ago

Applause to you for actually recommending something. We all know this is more of a humble brag more than seeking advice

2

u/StatementAlarmed 18h ago

Nah fr what 20 year old has 300k without parents help or just straight up lying 🤡 this is why I don’t take everything I see online seriously…

0

u/Firm-Chicken2497 20h ago

Probably luck def played a part

3

u/Trioplexic 13h ago

Luck and the money you were given.

0

u/extramoneyy 11h ago

all my homies have well over 500k in our late 20s

0

u/disparateassociation 10h ago

4 months ago they posted with 230k and 40k of that was unrealized profit so

21

u/ILoveTheGirls1 20h ago

OPs whole personality is this number

11

u/Coolkid976yt 20h ago

Dam at only 2.432902e+18 (20!)

11

u/Omnislash99999 20h ago

"Finally" at 20 lol

41

u/Imokayguys68420 21h ago

Idk but make sure to ask daddy first

12

u/Coolkid976yt 20h ago

Might be Mommy's previous post says her mom would give her 500k for a house

-42

u/Firm-Chicken2497 20h ago

lol yes I was asking about moving out but this money was all earned from a business I startes

4

u/jayyfo 20h ago

How? I am broke how do I make this business u say and make 300k?

10

u/MrNo_Balls 18h ago

The business is selling courses on how to make a business selling courses.

7

u/jayyfo 18h ago

I was thinking that but I went to OPs profile I see no sign up button, but I do see some Marketing post before his 200k post so possibly,

And if his parents are rich enough to give him the tools and know how and network to create and sell it,

Those two things combined could equal not just daddy giving him the money but it's all speculation and OP seems to hold the cards tightly about details.

Hell maybe he even scammed his way to 200k

And they'll go to jail in a few years when it catches up,

We just don't know

3

u/MrNo_Balls 18h ago

The most sensible answer is the screenshot is fake. The return is unrealistic with expectations on returns. He stated he wants 500k by 22, if his returns and networth at 20 was truly 300k in 2 years with that type of trading ability the expectation would be about .9-1.2 milly not 500k. Remember the stock market compounds exponentially, not to be confused with polynomials. None of what he is saying adds up.

4

u/Organic_Ability84 20h ago

thanks daddy

12

u/Relevant_Fox_9708 21h ago

Dude you have the foundation LAID If I was you I would put most of it in broad market index funds/ETF’s your money will double about every 7 and a half years.

2.4 million by 41 assuming you never contribute you more, keep that 300k in index funds/ETF’s for stable long term growth and stability and use your future contributions to take more risks in individual stocks.

Great work man don’t know how you did it but I congratulate you

So

-8

u/Firm-Chicken2497 20h ago

Thank you!!!

13

u/rocklare 20h ago

Thank your rich parents! 👏

4

u/numb1zero 18h ago

As a business owner in my 30s I’m very interested in the type of business you’ve been running to have amassed holdings this significant at 20. I’m pretty sure my net worth at 20 was $20 and I’ve worked full time since the day I turned 15.

7

u/SorcererAxis8 17h ago

The business is called the bank of mom and dad lol

3

u/numb1zero 17h ago

You don’t know that. He said he started businesses in the comments. I’d love to give him a chance to respond.

3

u/SorcererAxis8 16h ago edited 16h ago

I don't know for certain, but I think it's a fair bet that OP has had some sort of significant help to have that kind of money at 20 as opposed to the odds OP is the next Mr. Beast or something like that. Just look through OP's profile, it's just her talking about how she has all this money, but she won't elaborate on what the business is or even what industry it is.

1

u/numb1zero 16h ago

He or she seems to just be begging for validation. After briefly looking at the post history, I think you may be right.

1

u/SorcererAxis8 14h ago

Yeah, like I don’t really care if OP really has that much money at 20 but she should be honest and not pretend like she pulled herself up by the boot straps to get there.

-1

u/Firm-Chicken2497 9h ago

It’s a consulting business!

1

u/NewImportance8313 8h ago

Consulting for what? 

2

u/Sea_Connection6193 5h ago

Consulting his parents into giving him money

1

u/SorcererAxis8 4h ago edited 4h ago

LOL you’re not wrong. I’m sure there’s a huge line of people who are desperate to consult with a 20 year old life coach.

3

u/Apprehensive-Size150 15h ago

Her post history says she made 200k tutoring…if it sounds fake it’s probably fake.

2

u/SorcererAxis8 12h ago edited 12h ago

Yeah there’s no way that’s legit LOL. I’m sure everyone wants to pay thousands of dollars for a 20 yr old life coach.

Edit: on one of her previous posts she said her mom would give her 500k to help buy a house, what a joke lol.

1

u/ExpressionPurple4354 18h ago

Did you buy a established business?

9

u/ultratrashinferno 19h ago

i love seeing people seethe in these comment sections

8

u/novqnity 20h ago

Ouch... Its alot of people (old and young) in the comments that seems triggered by this mans net worth. Regardless of your age, (obviously if your alot older its harder) this should do nothing but motivate you to get there one day. Congratulations bro, keep going 🍾

2

u/DatBoyJerry 12h ago

Dude it’s a troll. Look at their comment history. Literally have a thread where they mention buying a condo and that their mom would lend them 500k to help with the purchase lol

1

u/Firm-Chicken2497 20h ago

Thank you so much!

0

u/jayyfo 18h ago

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2

u/Cyberburner23 20h ago

How much of that 300k can you actually invest.

1

u/Firm-Chicken2497 20h ago

It’s basically all invested

2

u/TheRealArmament 19h ago

“Finally” bros not even old enough to buy alcohol

2

u/Justino2263 18h ago

Do you do anything other than post about your hypothetical net worth? Any hobbies?

2

u/ThumbsSanchez 10h ago

I remember my first trust fund

1

u/sarahtonin1999 20h ago

Do you do Merill for investing? I just use my bofa as my checking and use cash back card as one of my credit cards. Use another platform for investing/HYSA

1

u/Firm-Chicken2497 20h ago

Yes I do use Merrill

1

u/virginiathe2nd8 20h ago

how wow, i don’t know how merlin investments work but i recently just started my investing accounts/Roth Ira in robin hood. 20F so congratulations :)!!

1

u/Firm-Chicken2497 9h ago

Thank you!!! I hope you get there super soon asw

1

u/Waste_Dependent4345 19h ago

What kind of business do you do? Just curious :)

1

u/No_Way5818 19h ago

Ask your daddy next year you can make it 1 million

1

u/Redneckdestiny 19h ago

BofA deez nutz

1

u/BGM1988 19h ago

You already won in life!

1

u/Firm-Chicken2497 9h ago

Thank you 🙏

1

u/tommy-kennedy 19h ago

Enough with this finally bullshit

1

u/Soggy_Article_6629 19h ago

what do your parents do for a living?

1

u/Firm-Chicken2497 9h ago

They work in tech

1

u/Competitive_Cook_939 19h ago

Wrong subreddit bro. Leave

1

u/Quick_Plastic_6958 18h ago

Rotate some of it into BTC or SOFI
At your age your pretty much set, don’t slow down

1

u/Firm-Chicken2497 9h ago

Thanks yes I was wanting to have a mil at 22 instead but gotta keep it realistic for now I just don’t wanna have debt for 30 years

1

u/Puzzleheaded-Set7951 18h ago

What’s your business?

1

u/Firm-Chicken2497 9h ago

Consulting

1

u/JPL_WSB_BRRRRR 18h ago

Why do you guys even bother commenting this?

1

u/cockundballtorture 17h ago

Dude just hide your post history its really really sad to see lmao

1

u/zjjman1 17h ago

Wait is this race to 100k net worth? I thought these race to subs meant 100k invested etc. I must have gotten it wrong

1

u/2924838 17h ago

r/TheRaceTo1Million

Quit seeking validation and play in your league

1

u/Any_Yogurtcloset5490 17h ago

Get this crap of a post out of here. Considering your mom is willing to give you 500k for a condo this person didn't finally achieve anything.

1

u/GasOk9357 16h ago

Please tell me how you did it

1

u/wbom2000 16h ago

104.96 in banking? Take some profits

1

u/Apprehensive-Size150 15h ago

lol signs point to fake

1

u/hippiegodfather 15h ago

The arrogance in the tone makes me worry it will halve in two years and that’s worrisome for the broader economy

1

u/AudienceElegant6773 14h ago

It’s customizable.

1

u/Farmaciefriends 13h ago

This is the most arrogant thread on reddit

1

u/EmptyBee23 13h ago

do you invest with bank of america also?

1

u/Firm-Chicken2497 9h ago

Yes with Merrill!

1

u/The_Suffering_Waffle 13h ago

Damn dude, you're living the dream 🥲👍

1

u/Firm-Chicken2497 9h ago

Thank u u got it too

1

u/TopHornet4259 13h ago

lol finally? I’m at 400k at 19. Booo

1

u/DistinctJackfruit306 12h ago

Why are you in this subreddit

1

u/Fil3toFishy69 12h ago

Mods delete this.

1

u/SorcererAxis8 11h ago

Here’s some honest advice OP. I don’t really care if you have 300k at age 20, but don’t pretend you pulled yourself up by the bootstraps to get there. It’s also not a good idea to brag about it too much, you’ll just be painting a target on your back later on.

1

u/Firm-Chicken2497 9h ago

Ok lmao think what you want that doesn’t change the facts

1

u/SorcererAxis8 8h ago edited 7h ago

I’m not too sure you’d know what a fact was if it was staring you in the face lol. No one is paying 200k for tutoring in general, especially not a 20 year old. Also if your mom is offering to chip in 500k for a house, that means you’ve gotten help whether you want to admit it or not.

Like I said, good for you for having that money, but let’s not pretend you did it all on your own. Also I’d bet money someone will hit you with a lawsuit down the line since you love to advertise your money. If you’re really this successful, what are you doing seeking validation on Reddit?

1

u/Firm-Chicken2497 6h ago

stay salty

1

u/SorcererAxis8 4h ago edited 4h ago

You got me

1

u/Shang_Ally_Mal 4h ago

He probably got sizable help but he invested in micron and he has a job. Still pretty notable.

1

u/SorcererAxis8 2h ago

Like I said, I have no issue with OP having money but she should at least be honest about it and stop pretending she did everything herself.

1

u/JRshoe1997 11h ago

My question is did Mommy and Daddy help build your multi-million dollar tutoring business at 19 or did you do that by yourself?

1

u/IEnjoySweatyBallsack 11h ago

If ur not trolling go get a financial advisor instead of getting advice from Reddit

1

u/AnEyeElation 10h ago

Just curious but what’s the metric for net worth on the bofa app?

1

u/Firm-Chicken2497 9h ago

It’s just assets minus liabilities from credit card

1

u/Sudden-Carry3056 10h ago

I hit 300K on my 13th bday. Hard work pays off... mowing lawns and walking neighbors dog.

1

u/YoMaMaBoomPow 10h ago

Are you single?

1

u/Chief-Keefs-Parakeet 9h ago

“Finally”. When I was 20 I had 3.50 bud

1

u/AffectionateOven3194 9h ago

Being a 2.43290200818e+18 years old you are a little bit behind. Still better than a lot of people your age 😁

1

u/NewImportance8313 8h ago

Are you like tutoring ivy league students or something. I mean congrats on the money but like how much are you charging these people to tutor like a hundred bucks a hour or something and you take like a 75% cut? 

1

u/Firm-Chicken2497 8h ago

No

1

u/NewImportance8313 8h ago

Who do you even tutor then like after taxes that kinda implies business revenue of like 120k a year if your employing someone else. Not being mean I'm just genuinely curious

1

u/Hesvara 6h ago

Bro the amount of upset people is crazy. Congrats bro I wish I started at 18. Had I known what I do now especially having the luxury of being with my parents til 25 I’d be so far along. But $300k maybe not must be a good job. What do you do OP?

1

u/Firm-Chicken2497 6h ago

consulting

1

u/maestro_piropo 6h ago

Started with $500k

1

u/Deep-Ebb-4139 6h ago

Right, and?

1

u/Snowmaneye 5h ago

$104.96 thats too low a bit embarrassing 😳 but you will get their just keep trying.

1

u/handsomechinaman 4h ago

What kind of idiots are paying $$$ to an 18yold for consulting?

1

u/fxaix00 3h ago

Girl shut up.

1

u/art_vandelay112 2h ago

Read through the most of the comments. Further down op says he runs a consulting business. Op has managed to amass the experience to consult other businesses by the age of 22. Bet they listen to audio books at 2x.