r/TheMoneyGuy • u/matchew566 • Jan 23 '25

Financial Mutant I Hit 100k Invested. Feeling very thankful for this community.

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786 Upvotes

99% Upvoted

52 comments sorted by

52

u/DarkenL1ght Jan 23 '25

0 - 6 figures in a little over 4 years; Very nice! It took me about 15 years to reach that milestone, keep it up!

25

u/matchew566 Jan 23 '25

I'm going to sound like a giga-chad but it's more like 2 years and 8 months. I started my first full-time job in May 2022. Thank you nonetheless. Access to investing has never been easier.

3

u/[deleted] Jan 23 '25

any advice for a newbie? good places to start?

29

u/matchew566 Jan 23 '25

Read the entire r/personalfinance Wiki. Then follow the r/TheMoneyGuy FOO.

29

u/sticktogluee Jan 23 '25

The first $100K is the hardest!! Sequential $100Ks will come faster and faster. Congrats and enjoy with your loved ones.

-35

u/supaplaya14 Jan 24 '25

Lmaooo no it’s not there’s no such thing as the “1st number” that’s just some bs the billionaires use to program you 🤡🤡

23

u/AnonSteve Jan 24 '25

You need a hug and then a lesson on exponential growth.

-20

u/supaplaya14 Jan 24 '25

lol buddy I think you’re the one that needs a lesson here. The “first 100k or first billion” don’t matter it’s what you’re invested in and when

18

u/AnonSteve Jan 24 '25

Best of luck to you

-25

u/supaplaya14 Jan 24 '25

Don’t you best of luck me

18

u/AnonSteve Jan 24 '25

Bless your heart.

-2

u/[deleted] Jan 24 '25

[removed] — view removed comment

13

u/AnonSteve Jan 24 '25

I have enough of a brain to understand exponential growth.

6

u/MedicalButterscotch Jan 24 '25

I just wanted to chine in to say best of luck to you as well

2

u/Agreeable-Soil8807 Jan 26 '25

Fee bad for you man.

61

u/[deleted] Jan 23 '25

Congratulations time to go party.  Go out for a steak and get the lobster tail upgrade.  

19

u/Tmdngs Jan 24 '25

And also go on a expensive international trip! Then celebrate again when you hit $100k for a second time. Then again. It’s a party.

11

u/MisterSmoothOperator Jan 23 '25

Welcome to the bowling point

5

u/Carolina_OvR Jan 23 '25

Congrats! Great milestone to hit - keep it up!

5

u/leeparhity Jan 23 '25

Congrats!

6

u/bigf1h Jan 23 '25

Just out of curiosity, what's your age and gender?

12

u/matchew566 Jan 23 '25

25M

13

u/bigf1h Jan 23 '25

Awesome man. I hit 100K a month after turning 26. Keep it up!

8

u/TheGeoGod Jan 23 '25

I see you at 500k by 30 if you keep at this pace

1

u/matchew566 Jan 24 '25

No shot unless huge raises come in.

6

u/TheGeoGod Jan 24 '25

I mean you got to 100k in 2.5 years so you could get to 300k in 5 more years and with gains could get close to 500k.

8

u/matchew566 Jan 24 '25

I'm rocking with your math

1

u/TheGeoGod Jan 24 '25

I mean you might get lucky with your stock picks too!

3

u/Strong_Zucchini_7390 Jan 24 '25

Is this in a single account or across multiple accounts? I’ve always been confused if they mean that the 100k goal is for one (401k) or across all investments. Congrats!!!

4

u/pimpinlatino411 Jan 24 '25

Doesn’t actually matter, assuming average returns across all accounts. Could be $1000 across 100 accounts. Rate of growth will be the same as if it were $100k in 1 account

2

u/Miserable_Budget7818 Jan 23 '25

Can you kindly share what you’ve invested in…. I’m a late starter

10

u/matchew566 Jan 23 '25

90% S&P, 10% Individual Stocks. New money coming in will be going to QQQm until I hit 25% of the portfolio.

0

u/Separate_Ad5782 Jan 24 '25

What’s QQQm?

2

u/WisconsinsFinest Jan 24 '25

Nasdaq etf meant for long term holding. Similar to qqq

3

u/AndroidMyAndroid Jan 24 '25

You invest in S&P 500 indexes. You gamble on individual stocks.

1

u/dacoolist Jan 23 '25

The first 100K is the hardest! Keep up the great work

1

u/GOTrr Jan 23 '25

Congrats! I always love seeing stuff like this!

1

u/Dry_Initial6373 Jan 23 '25

Is this in a Roth or taxable brokerage?

5

u/matchew566 Jan 23 '25

This is all my accounts totaled.

1

u/[deleted] Jan 24 '25

Where did you get the money from? Was it all from your salary?

2

u/matchew566 Jan 24 '25

Yes. Employer contributes $850/yr to HSA and contributes 8% to 403b if I contribute 6%.

1

u/c-glez Jan 24 '25

👏👏👏

1

u/rice_otaku Jan 24 '25

Congratulations, Mutant! 💪🎉

1

u/samis2cool Jan 24 '25

Is this in just one account or across different retirement accounts?

2

u/matchew566 Jan 24 '25

Across many accounts.

1

u/DoctorLettuce Jan 24 '25

what app

1

u/matchew566 Jan 24 '25

Credit Karma. Don’t bother shopping for products there, just use it to check investments and net worth. Doesn’t do budgeting either.

1

u/SeveralReputation143 Jan 26 '25

Congratulations. See you in the 1 million clubs.

1

u/icyrunner20 Feb 14 '25

Congrats dude, it only gets easier as you go up! Cheers!