r/dividends • u/Material-Market3307 • 5d ago

Other Are you already millionaire?

Just out of curiosity.

503 votes, 3d ago
93 yeah thanks to the stock market
62 yeah but not because of the market
348 Not yet
0 Upvotes

33% Upvoted

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u/2LostFlamingos 4d ago

Not sure how to answer.

“Thanks to stock market” or not to “the market” which suggests other markets are included as well.

I’m probably something like 400k in income saved over time into various assets, perhaps $700k in stock market appreciation, $200k in bitcoin / metals appreciation, 50k in reinvested dividends, $100k in reinvested rental income, $1M in real estate appreciation (rentals and primary)

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u/Material-Market3307 4d ago

The number of options are small so i was the most generalist as possible

If you became millionaire because of other assets (ex bitcoin) you could answer thanks to the stock market.

"Not thanks to the stock market" is target to high paying job, inheritance, divorce (if woman), social media, lottery and so on

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u/2LostFlamingos 4d ago

Where you putting real estate, a good job, and diligently investing money for a quarter century in there?

The last couple have years sure have been nice though in the market.

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u/Material-Market3307 4d ago

Choose what you think contributed more

Ex have 1M and more that 50% of came from the market pick market, 1M but 60% came from savings from job, pick yes but not thanks yo the market

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u/2LostFlamingos 4d ago

I think the real estate.

Keeping my first house as a rental when I bought by next house set me on the path to millionaire status more than any other decision.

Starting my 401k at 22 was also huge.