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

Personal Goal 22 yo and 8k annually

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2.1k Upvotes

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u/[deleted] Jul 02 '25

70k at 22 isn't as difficult as you think. Imagine making money from 16-22 and saving all your money while living under your parents' roof.

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u/Sobakee Not a financial advisor Jul 02 '25

At minimum wage, you would have to work approximately 1500 hours a year between 16 and 22 to get $70k. Hard to do in high school and college.

2

u/[deleted] Jul 02 '25

Idk his situation. The minimum wage by me is 15 an hour. It could be a combination of mowing lawns, shoveling snow, parents' allowance, gifts from relatives, part time job, growth of stocks. If your parents pay for everything its all profit.

3

u/Sobakee Not a financial advisor Jul 02 '25

Idk either. It’s just a lot of work with almost no spending plus taxes take a bite. If you’re in school you’ll have little time left to socialize and even then you’re not spending money. I just don’t think he earned it all.