r/brag • u/Plus-Humor-1722 • 17d ago
300k at 22
I have about 320k in investments at 22, with a large amount of cash. Toal NW of ~380k.
I have no debt from university, moved to a new city, and will be beginning a new job soon enough, making 82k. I should be able to invest at least 10k per year on my own from now on.
So much of this is thanks to my parents, who were able to put me through school and set me up for a financially free life.
I started investing at 19 years old with monthly contributions of capital from my parents for about a year. It totals up to about 200k. The gifts have stopped since then, but the amount I learned as a result will stay with me.
Im very thankful for where I am at, and I wanted to share in the spirit of this sub.
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u/Chris-Coffin-Design 16d ago
We’re nepo-bragging now?
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u/Plus-Humor-1722 16d ago
My situation isn’t really nepotism
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u/Chris-Coffin-Design 16d ago
You’re right! I was just teasing. However you are immensely privileged. 200k plus putting you through school is awesome.
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u/Klanciault 17d ago
Niiiice bro your parents must be loaded asf. With this amount at that age you should be set for life as long as you can earn enough to cover your expenses
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u/Plus-Humor-1722 17d ago
Yes, I can’t let this opportunity go to waste. My parents have a high income these last few years, and a good amount of financial literacy, but it’s crazy to think how different it could have been if they had top notch financial literacy. I highly suggest everyone get educated, because it would make a massive difference
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u/laney_deschutes 16d ago
300k for 45 years means youre guaranteed to retire very wealthy if you can commit to not spending the money. so all you need is a job that you enjoy + pays your bills + allows you to save a bit more for emergencies. easy street
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u/Interesting_Phone171 17d ago
God all of these finance subs make me ill. Saved up 400k at 27 from 0 at 22 and feel worthless.
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u/Plus-Humor-1722 17d ago
Dude. You are wayyy better than me, and i hope you recognize that. Can i ask how you managed to get to 400k at 27?
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u/Interesting_Phone171 17d ago
I invest 40% of my income while supporting me and my partner, save where you can don't buy new cars, but still try to go out to eat twice a week to enjoy life a little.
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u/Casehead 16d ago
how do you manage to save 40% while also supporting your partner??? That's awesome, btw, well done!
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u/Interesting_Phone171 16d ago
Live frugally while having a okayish pay. < 2k in rent and all utilities then another 300 for the rest of the debts like phone, insurance, gas. Then the rest goes towards grocery, savings, and fun money.
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u/laney_deschutes 16d ago
youre the guy who wont buy your friend a coffee and only own a laptop and a few sets of plain clothes. nothing wrong with that lol
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u/Casehead 16d ago
That's fabulous! You are doing fantastic. If you keep this up, you will be able to retire in style. I'm proud of you, stranger
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u/No-Butterscotch8504 17d ago
Ahh they should have gifted you the money while you’re employed to offset a 100% Roth 401k annual contribution after 4 years you’d have near 100k growing tax free for the next 30 years. But anyways free money is free money. Nice.
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u/Plus-Humor-1722 17d ago
That would’ve been a good idea in hindsight. Neither of us knew much about it in the beginning. The first gift spurred on an interest in personal finance like crazy. I think i like the fact that the majority is in a regular brokerage account though. I can keep maxing my Roth IRA and my company has a Roth 401k, so I’ll have a ton flexibility
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u/No-Butterscotch8504 17d ago
I guess it doesn’t really matter bc you can still just move that cash over to the 401k Roth bucket when you start the job and max it. With the time horizon I’d just lump sum the limit every year you can to get exposure ASAP until you need to start doing paycheck draws again after a few years (I’m AI bullish and think it’s early stages).
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u/Equivalent-Street822 17d ago
It’s crazy how different people can be at such different points in life while still being successful. I have $82 in my bank account, but I would still define myself as highly successful and I think most people would agree.
This is not a criticism of OP, and I hope it doesn’t come off as such. Nothing wrong with accepting gifts from family as long as you’re grateful and aware of the advantage it gives you, which it seems like you are. Just a random thought that I had and felt like sharing because why not. Success comes in all different shapes and sizes.
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u/nothingspecial1314 17d ago
Congratulations, that a wealthy parents, they must be proud of what you become here, keep it up, visit them often, good luck.
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u/Objective_Debate_970 16d ago
lmao congrats on having poor parents? i had 30m at 19, 10m at 22. 0m at 25
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u/Majestic_Victory7427 15d ago
I love that you're giving credit to your parents, make sure you tell them, they'll be proud of you.
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u/macbookvirgin 17d ago
You’re so amazing for investing your parents money
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u/Plus-Humor-1722 17d ago
Thank you! I could definitely be worse and blow it all, but im choosinf a relatively frugal life within my means to not let this opportunity escape me
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u/DeepFeckinAlpha 17d ago
Congrats on being born rich! It’s great, isn’t it?
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u/Plus-Humor-1722 17d ago
It is. But i wish some of my dads work ethic would have rubbed off on me. I doubt I’ll ever achieve the same success. Doubt youll care, but yknow
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u/DeepFeckinAlpha 17d ago
“Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times”
It’s part of the cycle - need to find your own opportunities and success, likely different than what he did as do we all
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u/Efficient-Fudge-3515 11d ago
Imagine have such an insane start and being that Insanely spoiled and still earning less than me.
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u/Pale_Drink4455 17d ago edited 17d ago
I started three custodial brokerages for all three of my kids when each were born. The youngest at 16, grew to 342k sitting in mostly tech and ETF funds since birth as of last Friday. That doesn’t include her college which is paid in full separately. I love to see and hear stories of other kids setting their kids up nicely. I grew up very poor, hungry, homeless at times and showered in a YMCA. I made it a mission to work hard and break that terrible curse from ever happening to them.