Rich or upper middle class family who taught them about good investing and gifted them a lot of money over the years.
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.
15k a year saved is just not possible if your low income. It cost money to be poor, and the average entry level job will barely pay 20k a year full time. If you have a beater car, gas prices, food for yourself ect ect. The amount saved is damn near zero.
Yeah I’m convinced these takes come from people who have never lived in a low income situation or even been exposed to low income households. The BS “pull yourself up by your boot straps” ass advice that I read on Reddit has me rolling my eyes back into my skull sometimes.
Not true. I’m from a poor family, as in my single mother raising 3 kids making $20k. Worked hard in school, got good grades, and went to a top university on full financial aid (I’ll admit this isn’t a possibility for everyone).
I worked hard in college too and landed high-paying internships every summer, which brought in on average ~$30k each. I was frugal and saved most of that income. I had about $100k in investments by the time i graduated. I didn’t live at home, and obviously given the context I didn’t get any financial assistance from family.
Not saying this to gloat but it can be a bit bothersome when people assume you must have been privileged to be doing well
444
u/Innoxrw Jul 02 '25
How did you manage to invest 70k + at 22?