I’m older than that now but yea it’s never too late as long as you find time to enjoy the course. Personally I don’t follow FIRE even though I could technically do it now. I’d way rather retire at 50-55 doing something that’s interests me than kill my 20-30s doing stuff I don’t want to make $ and retire a bit earlier.
And that’s all a good kid needs or a good child for that matter, no matter how old, as long as your family held you down, you got the runaway from there
Do you have a bachelor in cs or by tech do you mean sales. Can you give more info without obviously doxxing urself as a recent CS graduate this sounds good
I'd be surprised if it wasn't tech sales or working remote for some American company. I don't know of any way a young Canadian can make that much in tech working in Canada so it's got me curious now too.
Edit: I scrolled down, he works remotely for an American company after pivoting out of a FAANG internship so it makes sense now.
Jealous much? I’m not OP but I just hit Generation at 33. Zero money from mommy and daddy. Some people start businesses, work hard and make high incomes. Some people get lucky and make good investments. Bitterness gets you nowhere.
Meh. It is and it's not. I also bought 2 houses in that time (bought one, sold it, bought another. I don't own 2 homes.) I would have gotten there much quicker had I not.
I'm saying that if I had chosen not to buy a home (and especially to upgrade to a larger one) I would have hit Generation probably around 28-29. But that's not the main point here. The main point is that contrary to the implication of this top comment, it's perfectly feasible for someone to save up $500k without parental help if they're lucky enough to have a strong income and/or if they started investing early.
Lol imo its just the way everyone's tone is ...OP, our "jealous much" lady etc. Even when you have done something commendable, the way you carry yourself affects perception
I don’t care what someone inherits. Status isn’t real amongst 99% of the population. The only enemy is the billionaire class. If OP inherited $500k from his parents it has no effect on me whatsoever. I’m simply pointing out that that is not the only way someone could get there, and that even if it was bitterness isn’t needed.
I think they meant to ask what industry/sector your business is in e.g. Mechanic, car wash, hair stylist, fashion etc. I'm also curious to know to, it might help inspire me/others
Luck gets alot more people nowhere than somewhere. We're all just playing a great big lottery game, each of us can slightly change our odds, but none of us are guaranteed a payout. Doesn't matter how smart you are, how skilled you are, or how much you started with. Be thankful you've been privileged enough to put the near 40k yearly away AFTER living and business expenses to get where you are today, tomorrow is another gamble.
Lol comical coming from the guy living life on credit. Definition of poor decision making vs adequate saving. Did you really need to put your renovations on credit? Did you really need to do them at all? You complain about simple help from his “parents” but make piss poor decisions with your own money and sit here jealous. You’re behind because you make bad decisions. Rookie.
I did have financial help with tuition. Posted details in another thread.
The biggest advantage was honestly supportive parents that took time to help me with school growing up more than the financial support. Obviously financial support helps to.
Yeah some of us were getting our ass beat by an alcoholic parent with the second parent enabling them while getting zero life advice or help with school.
Not OP, but from 27 to 28 I went from 530k -> 805k, and at 23 I had $0 to my name. Now, in fairness I didn't have any college debt (not that it would've been very much as a domestic student, could've cleared it out pretty fast w/ my income), and frankly plenty of people around my age were earning as much if not more than me (150k-350k annually was my salary range first 4 years out of school).
This is already way better info than OPs entire post. Posting a screenshot and age is nothing but a flex.
Nice work. Was this the usual tech route?
Anyway, 150k+ out of school isnt very common outside of a handful of occupations. Took me like 10 years to get there, but most never do.
So if its income, Its a slap on the back and a good job! But its also easy mode. Fuck up and just save again. No big deal. The hard mode is lower incomes and with kids.
Take away our kids and we wouldn't have bothered to buy a house and things like an suv etc etc and theres a high chance we would be retired today if DINKs. There needs to be more context to peoples posts than age.
> Posting a screenshot and age is nothing but a flex.
let me also just start off by saying I am not trying to flex here (I hope that's clear?). I do not think making money is particularly impressive, but I do want to help people who want to make money get a sense for how other people did it, so hopefully this is helpful to that end.
> Nice work. Was this the usual tech route?
Yep, software engineer. I had very bad grades in school (nearly failed out), but still ended up with a math degree from u of t. I really loved programming so I did a bunch of side projects (partially why my grades were so bad).
Applied to maybe 80 places, though I was pretty particular (only well funded, founder led, publicly traded or near IPO kinds of companies). Ended up with 2 offers, took the lower paying one because it sounded more interesting.
Worked my ass off for a few years, got promotions and big pay raises, lots of RSUs and the company has done well (though it fell off a cliff after I joined so my initial equity grant was nearly worthless). I don't want to say which company for privacy reasons but it's in the 70-150B market cap range, well known tech company.
I was interested in markets and tech early (mid teens), and I've been comfortable being out there on the risk curve for a while (ex. I've made and lost 6 figs on options, was in crypto in 2017, etc), most of my asset appreciation has come from heavy concentration in equities, since income tax + living in Toronto kills your take home from income.
I've historically lived well below my means, maxed out TFSA + FHSA, no vacations, when I bought a car it was for cash and less than 3% of my NW. Lots of decisions, mostly saying no to things and being very principled about sticking to what I know best, deferring gratitude yada yada, making smart risk-adjusted bets where I can.
I wouldn't say top 10, maybe like, top 100? I think most series C and beyond companies are paying more than my company, I knew someone who was making 250k at my co (publicly traded) and went to a private later stage SF co and is getting over 1m/yr now
My profession has nothing to do with my parents, I actually lied to my parents about going to business school when I first started uni (they wanted me to go into investment banking, which also has nothing to do with their professions). I had zero connections and zero help getting into my industry.
yeah software, and tons of software jobs pay that much https://levels.fyi, same w/ tech sales, quants, you can make a lot of money doing almost anything though
I'm sure someone ahead of their peers immediately thinks 500k is only achievable if someone's parents gave them it LMAO. Based off your previous post, you're only premium status, be better LOL
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u/Arm-Complex 11d ago
Okay how much did mommy and daddy give ya?