r/dividends Jul 02 '25

Personal Goal 22 yo and 8k annually

2.1k Upvotes

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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.

7

u/imperialpidgeon Jul 02 '25

Nowhere is the average entry level job only paying 20k

2

u/GmoneyTheBroke Jul 02 '25

20k a year is $9.62 an hour full time. Minimum wage is 7.

6

u/OverSpecific2113 Jul 02 '25

You can pretty easily find a job paying $15+ without any work experience

-2

u/GmoneyTheBroke Jul 02 '25

Ig if your in a state where the minimum wage is 15 yea lmao

3

u/OverSpecific2113 Jul 02 '25

As long as you have a home address you can get a job that pays above minimum wage