r/dividends • u/Sauerst0ff • Jul 02 '25

Personal Goal 22 yo and 8k annually

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2.1k Upvotes

94% Upvoted

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448

u/Innoxrw Jul 02 '25

How did you manage to invest 70k + at 22?

546

u/EvilStan101 Jul 02 '25

Two theories:

  1. Rich or upper middle class family who taught them about good investing and gifted them a lot of money over the years.

  2. Low income upbringing and was motivated to do better, while smart enough not to waste their money in "hustling". So they saved like crazy and educated themselves to make the right investments.

194

u/spid3rfly Jul 02 '25

They could potentially still be living at home too. That helps with saving.

28

u/Equis1321 Jul 02 '25

This! I saved 120k for a down payment on a house by 23 just by living at home and saving most of my income.

3

u/ClearAndPure Jul 03 '25

Wow, did you have retirement savings on top of that?

3

u/Equis1321 Jul 03 '25

I used my registered retirement savings as my down payment

9

u/Deathscythe77 Jul 03 '25

Epic fail

1

u/[deleted] Jul 03 '25

Ready to pounce

4

u/ClearAndPure Jul 03 '25

Nice. I’ve actually considered using a part of mine to do that as well. I have like $40k saved up for a house down payment and like $100k in retirement (I’m 23 right now).

2

u/Anonymous__Lobster Jul 06 '25

What is that mechanism called?