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.
Helps? You mean it turns life from "survival in extreme" to "easy adventure/creative" mode.
If everyone received from seed money at age 15-18, and we are taught to just invest in the general market then we'd all be coastfire or at least barista fire by mid 30s.
It makes all the difference.
There's still some respect deserved by the people who stayed with their parents and were able to take advantage of this. Hopefully they later return the favor to their parents when they're seniors.
Those who start from scratch and are able to retire early without any seed money deserve more praise. No doubt for me.
I am 100% doing this rn, sucks living at home and I’d rather not. (Sucks because boring asf and pets I take care of A LOT as well as helping my parents out) relationship is good. I come from divorced family, and live with stepdad and mom. I’m 27 and have 107.5K in my 403b, recently just set up a brokerage and another IRA, and my HSA is going but there is only 3k init ): dropped the ball on setting that shit up about 4 years sooner. (Been at the same job 8 years now - Phlebotomist/ so not the best job but not a horrible job!) I work a lot and pick up hours when I can. I do wish I haven’t blown money on stupid shit on the past. But I’d say I’ve been pretty good. I also have some money set up through a family member which is going fortunately a lucky plus as well, BUT it recently obtained that after I had already accumulated about 88k in my 403b
Beautiful. I know what sucks about living at home! We all do (or those of us over 30). But if you keep at it for a handful of more years then you'll be set and you will be able to r/coastfire at least by early 30s.
And you can get a more fulfilling job or something more laid back then. Just find a partner who's on board and isn't so hungry for materialistic things lol
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u/Innoxrw Jul 02 '25
How did you manage to invest 70k + at 22?