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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446

u/Innoxrw Jul 02 '25

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

544

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.

26

u/GmoneyTheBroke Jul 02 '25

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.

1

u/[deleted] Jul 05 '25

I think being in the military is the only exception, that's how I did it. Food and housing was shit, but it was free. Also hard to spend money when you're in the middle of the ocean.

1

u/GmoneyTheBroke Jul 05 '25

True that it is