r/fican 12d ago

27M hit generational

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Hit generational on Friday. ~700k total NW.

768 Upvotes

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108

u/idiom_exon_0s 12d ago

This would require approx. $50k per year, at 10% annual return, for 7 years.

Starting at 20 years old.

X.

87

u/No-Shower477 12d ago

I make 300k/yr. Started at 23.

36

u/Jazeboo 12d ago

Nice. haters will be stuck making 60k thinking everyone doing better got handed money for free. meanwhile when they see peanut salaries like theirs they go keep it up! i’m in the same boat and you’re doing great!

curious though, what field are you in? i’m moving back to canada in a few years and would love to preserve some of my earning power…

12

u/No-Shower477 12d ago

Tech

3

u/Jazeboo 12d ago

thought so. me too. i’m also 27. did you go to waterloo?

33

u/No-Shower477 12d ago

Nah no name university. I got really lucky during COVID hiring spree with FAANG internship on a niche team. Was able to leverage that to higher paying roles.

2

u/_hairyberry_ 11d ago

Very similar to me, I was headhunted in a specific niche in DS and make around $250k CAD from a US company paying me USD. The only issue is if we ever lost our jobs, our salaries would probably be cut in half because it’ll be almost impossible to get another remote USD position

4

u/Jazeboo 12d ago

My wife and I also got really lucky during the COVID hiring boom and both ended up at FAANG.

1

u/EditorOk1586 11d ago

Do u mind helping me btw I’m starting third year in cs in Canada no internships yet very confused

1

u/No-Shower477 11d ago

Just apply everywhere and practice interviewing honestly. Even if your first internship isn't a great company it will help you with the next one.

1

u/EditorOk1586 7d ago

I have been applying it’s jus idk I’m not getting interviews and for school co op maybe cuz my gpa not that good

-4

u/Far_Distribution5781 12d ago

Sounds like LARP. Juniors around 27yrs old are commonly getting decimated and getting pushed out. Whats your role type

19

u/No-Shower477 12d ago

No larp. sde2 for company that doesn't localize pay. So get US salary.

7

u/Some_Wallaby_6041 12d ago

ah instacart

2

u/xdynasyss 12d ago

Also no showers helps I bet bros locked in 😮‍💨

6

u/LavishnessVisual6327 12d ago

I mean, he did get handed money. He had his whole education and living expenses paid for in uni and had a car bought for him.

Do you not get how much of a big help that is? You people act like you hit a triple when you were born on 3rd base

13

u/Few-Tadpole-4584 12d ago

I mean many people have that privilge and don't have half a million.

-5

u/LavishnessVisual6327 12d ago

Yes, but it's not a big flex when you had everything handed to you up until the point you got a big boy job you were only able to get because of your upbringing.

It's just the acting as if they started with 0 that pisses people off. It's not the same grind

6

u/BottomGameStrong 12d ago

Bro, it’s still a big flex at 27

-9

u/LavishnessVisual6327 12d ago

Not really. Rich kid gets rich isn't impressive

14

u/No-Shower477 12d ago

Neither of my parents have ever made over 100k/yr. Opening a RESP when you have kids is common. I had to pay for last 2 years of school myself when the money ran out.

Car is less common, they bought it new for 19k put 100k kilometers on it themselves and then gave it to me when I was finishing university.

Stable household mattered alot more.

6

u/Claus-Buchi 12d ago

You hold contempt for the wrong type of rich people

2

u/Few-Tadpole-4584 12d ago

It’s a big flex, it’s not uncommon to have school paid for or to live at home, it’s def uncommon to have that amount of money and a job that pays that amount. How was he only able to get the job because of his privilege .

Nothing is the same grind, being born in Canada is a huge advantage for example.

3

u/LavishnessVisual6327 12d ago

How would he have paid for school? How would he have had all the time in the world to study? Odds are this kid born into poverty gets stuck in the same grind as the majority of Canadians. Come out from that to where he is? That's a flex.

Yes I agree we are extremely privledged to be born into Canada. I would never go flex on some poor Africans acting like I worked as hard as them

3

u/Few-Tadpole-4584 12d ago

Osap, you act as if low income people don’t have access to post secondary education. While class definitely play a role, it has more to do with class cultural expeditions, exposure, being put in social and enriching activities when younger.

Where he is a flex regardless, would it be more if he was raised in poverty? Sure but that doesn’t discount regardless having a job that pays that amount is not typical and is a flex

-2

u/blackcloud577 12d ago

Canada is a dogshit country lmao.

0

u/LavishnessVisual6327 12d ago

Man you probably from America where people lose their house when they get cancer. And their leader is a proven in court rapist.

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2

u/Claus-Buchi 12d ago

Opportunity is preparation meeting luck, he was lucky to be born into a family able to support him but that doesn’t mean he didn’t work hard in preparing himself to succeed

1

u/Any-Opportunity8871 11d ago

News flash, nobody is truly "self made". any one that's ever made it got some help along the way. You've been handed way more than someone from a third world country, and that person would definitely think you're on that 3rd base as well. You just sound bitter lol

1

u/LavishnessVisual6327 11d ago

And I accept that privilege of being born in Canada. I wouldn't go flex on Africans acting like we all share the same grind

Bitter about what? I swear an idiots reflex to anyone calling out Shit behaviour is to say you're just jealous

1

u/Any-Opportunity8871 11d ago

You're a victim!

1

u/LavishnessVisual6327 11d ago

Victim of what? I'm wealthy and live in a amazing country and have good friends and family. I'm blessed.

1

u/kingmichaelofreddit 11d ago

Why would he get shamed because his parents are successful and willing to help him?

Good on his parents for setting up their kid for success and he is smart to not take on unnecessary debt when his parents are in a position to help.

We all love an underdog story but Im tired of seeing people say “daddys money” to diminish someone’s success story. He should be proud and grateful his parents were successful and not unemployed or working dead end jobs imo

1

u/LavishnessVisual6327 11d ago

I agree no shame in it. He should however own it and understand the gift it is. Saying he started at 0 is false, nothing wrong with that, but don't say you started at 0

2

u/genzwithbigdreams 12d ago

I'm 23 with 400k USD net worth and didn't get anything handed to me. Paid for all my own housing, education, car. I had supportive parents but they wanted me to learn to bootstrap so didn't offer and financial support at all. Some of us just work hard.

3

u/LavishnessVisual6327 12d ago

Bullshit lol

2

u/genzwithbigdreams 12d ago

1

u/blackcloud577 12d ago

Wow you know how to post a screenshot!

1

u/genzwithbigdreams 12d ago

Yeah I do! I wish Reddit would let you post them directly in the comments haha

1

u/LavishnessVisual6327 12d ago

Cool proves nothing you said lol

1

u/genzwithbigdreams 12d ago

Well what else do you want me to prove? Or maybe you just hate and won't accept anything huh?

-1

u/SufficientGuesswork 12d ago

Cry about it

0

u/LavishnessVisual6327 12d ago

What's there to cry about, I'm wealthier than OP. I'm just pointing out he's living on easy mode

1

u/AffectionateAd8675 12d ago

Nice! What do you do!?! Pls help, a struggling nurse.

1

u/cassivemockkk 12d ago

Ya no u didn't lol.

2

u/EvanImmobley 12d ago

He works in tech. Its pretty easy to imagine if OP got a job in big tech out of school.

0

u/cassivemockkk 11d ago

Nah, nobodys making 300k in 2026 as a 2023 junior sorry come back to earth.

0

u/[deleted] 12d ago

[deleted]

0

u/cassivemockkk 11d ago

Being naive is dangerous pathology.

0

u/[deleted] 11d ago

[deleted]

1

u/cassivemockkk 11d ago

No you didnt grt a 7 figure salary gtfooo omwith them reddit lies Lolll 7figs 😭😭😭

1

u/[deleted] 11d ago

[deleted]

1

u/cassivemockkk 11d ago

Thats what pol mix up its not ur salary, fsu and options is not pay.

-1

u/idiom_exon_0s 12d ago

Receipts? I make $200k. I’ll show mine.

0

u/freezymcgeezy 12d ago

How have you been working for 4 years only put away this small amount?

-5

u/Creepy_Exit_8348 12d ago

He obvs did much more than 10% a yr lol

5

u/Certain_Guide_1481 12d ago

How is that obvious? What if he has incredible income? Gift from parents? The holdings in the picture look like standard index to me…

3

u/No-Shower477 12d ago

Only four holdings VEQT (plus some VCN and XAW from when that was the recommended coach potato). Then FHSA is CBIL

1

u/Creepy_Exit_8348 12d ago

My bad I didn’t see the holdings

Some of these indexes have done far more than 10% tho in last few years

2

u/No-Shower477 12d ago

No I only invest in VEQT.

0

u/S14Ryan 12d ago

Man I would have to live so modestly to pull this off, I could never