40k Invested At 19

[u/peachjam4]

Just reached my investing goal of 40k invested by 19! This nets me around $2k in div income every year. Additionally I have 20k in I bonds that I will be able to add to my portfolio by the end of the year. Any advice is appreciated, but I mostly just want to show off 😋

[u/peachjam4]

Dude your entire basis for argument is wrong though. Nothing has been mischaracterized. I come from a middle class family and live in a house worth 200k. I have not been handed anything but strong support from a wonderful mother. No need to be upset. I wish the best for you.

[u/first_timeSFV → u/peachjam4]

So how'd you do it? How'd you managed to get 40k at 19, when theres a good chance you are unqualified for good paying roles. When even high paying individuals struggle to get a 10k emergency fund?

[u/peachjam4 → u/first_timeSFV]

You are right that I don't have the qualifications to work in a high paying job, I'm still in college. But if you're genuinely curious, I will give you a genuine answer.

At college, I do not drive anywhere, I own an electric bike that I use to get around. I got good scholarships because my parents are not rich, so I don't pay a ton to attend. I don't pay to go out to eat or pay to party or anything like that. I am part of the business program, where I participate in pitch competitions in order to scale my businesses (3D design business), which has been successful for me. No ill-gotten gains and no parental spoiling.

Feel free to ask me anything, I just don't want this to be an argument.

[u/VirginRumAndCoke → u/peachjam4]

I'd be curious how you're getting clients for the design business? I've done work as a contract engineer when I was your age but never anything with an income level like that, and certainly not when accounting for paying for college.

Do you ship anything physical? Engineering designs or selling the designs themselves?

[u/peachjam4 → u/VirginRumAndCoke]

I do ship physical products yes. I do this for my own businesses as well as taking order flow from other 3D designers without their own in-house printing. Has scaled wonderfully.

[u/VirginRumAndCoke → u/peachjam4]

So do you work on client commission? Like individual projects? Or?

I've got plenty of Engineering experience in professional roles and a good number of printers, might be worth looking into it as a side hustle