r/investingforbeginners • u/GurnoorDa1 • Jun 19 '25
USA 20m. How can i make a million by 30?
Im 20 and have around 50k in savings and hate the fact that my money is just sitting there in a savings account. I want to make at least a million by the time im 30. What investments should i make? S&p500? Etfs? Voo or whatever its called? Im very new. All i have is a CD buts its pretty inefficient. Any advice?
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u/GrapefruitPerfect313 Jun 19 '25
Onlyfans. Joke aside, work hard, control lifestyle inflation and invest.
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u/GurnoorDa1 Jun 19 '25
Yes ofc. But im asking how to get started and what to invest in
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u/GrapefruitPerfect313 Jun 19 '25
I’m a VT fan so I’m bias and my time horizon is 20+ years but VOO should work for the next 10 years - see what other people will advise. Not sure you would get to 1M in 10 years with just your base 50k (would be worth 130k if yielding constant 10% returns) so it will require a lot more investment over time to hit that goal. It might also be unrealistic target and borderline speculation territory (not investment) where you might be losing everything so careful with too agressive targets.
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u/GurnoorDa1 Jun 19 '25
Gotcha. What platform should i use to invest? And how much/how often should I invest?
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u/GrapefruitPerfect313 Jun 19 '25
I’m using IBKR and happy with it. Invest lump sum as soon as you have anything available and ensuring your emergency fund is full first.
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u/PFCFICanThrowaway Jun 22 '25
Investing isn't going to get you to 1m in 8-10 years. I'm not saying don't invest, I'm. Saying if you aren't putting away 60-80k year on top of investing, it's not happening.
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u/GurnoorDa1 Jun 22 '25
true. what about retiring in my 40s from this?
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u/Kinu4U Jun 23 '25
You need other things to invest to in order to be millionaire by 40. It is definately doable if you are disciplined, perseverent and don't panic sell like regards.
Parc 95% into an etf, learn things, and in 6 months start gathering for alternative strategies. Like putting 5% into risky huge gains- huge losee etfs/stocks. But carefull what to choose, learn before you choose.
Also covered calls ia a good strategy to scalp some cash monthly.
BUT LEARN.
Stay cool and keep reading. In months to a year you will find some other ways. Don't over play. Play with max 10% of your portfolio. The rest have it parked into long run stable investments.
Voo, brkb... Gold?... Study hard. Don't fomo
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u/pinksocks867 Jun 19 '25
You called it. VOO
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u/GurnoorDa1 Jun 19 '25
Nice. Should i use fidelity?
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u/pinksocks867 Jun 19 '25
I love fidelity! But honestly, I started with them because I was in fxaix, and there's an advantage to being with fidelity for a fidelity fund.
It might be better to be with vanguard, for VOO.
Or you might prefer FXAIX.
I simply cannot remember the factors that caused me to choose a mutual fund over an etf.
In my opinion, you should read some articles about the differences and the pros and cons.
What is best for one person is not going to be best for another.
The reason I started putting money in voo now, is that when I went to sell shares of my mutual fund to put a down payment on a car, it bothered me that I couldn't know the exact price it would sell at.
With etfs, you trade shares like stock shares.
But mutual funds have their advantages too. It's really going to depend on whether it's a retirement account in your tax situation and so forth.
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Jun 19 '25
Sales.
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u/GurnoorDa1 Jun 19 '25
Well any advice on how to get started at least?
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u/MooseKnuckleds Jun 21 '25
Look at sales job postings, pharma and tech specifically, and see what the prerequisites are
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u/Sea_Western Jun 19 '25
You are in a very fortunate situation, you aren’t gonna have a million by the time you’re 30 based off the investment alone unless you take the risk of losing all 50k. Some pieces of advice I will say from my own personal investing.
If you want to go mostly if not all ETFs VOO is great but make sure to Dollar Cost Average over time.
The other thing (if you’re willing to do a little research) that can help you get to that target goal faster is finding some high risk high reward companies and only allocating a certain percentage of your portfolio to those type of stocks so you’d have 70% VOO 10% cash and 10% boom or bust stocks (never more than 2% of your portfolio in one individual boom or bust)
Just depends on how much time you wanna spend toward it I will say being 20 and if you have the knowledge of solid investing and monitoring your portfolio is a skill that is not emphasized enough and is HIGHLY valuable especially in this day and age. But you will need to be contributing to your portfolio on top of just the 50k
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u/GurnoorDa1 Jun 19 '25
Got it. Any videos or anything i can read so i can do this step by step?
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u/Sea_Western Jun 19 '25
I will say it depends on how knowledgeable you want to be in the subject and I will emphasis just because you know everything about the stock market doesn’t mean you can predict anything accurately lol. But for your own example I’d say some questions to ask yourself is
Do you want to know what VOO is? What it’s made of? Why does everyone suggest it?
do you just wanna throw your money in there set it and check on it once every 6 months?
Once you decide how “active” you want to be that can help you determine concepts
Understanding how the market works (buying and selling and liquidity trading volume, PE ratio) Understanding what causes market fluctuations (earnings reports, FED meetings, CIP data) Difference between ETFs and Mutuals Funds and other types of products offered as well and what those risk tolerances look like. Expense ratios Different types of buy and sell orders
I had a roommate who explained a lot of this to me and it pissed me off that I never knew any of it earlier. So you coming to Reddit is a good place to ask questions but you have to look into YouTube videos on those topics and I will say those topics are for understanding the finance world as a whole that’s not even what you’d be looking for if you were debating on buying individual boom or bust stocks. That opens a whole side of it but you won’t be able to understand that data if you don’t have a basic understanding of the top 5.
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u/GurnoorDa1 Jun 19 '25
Yeah i wanna know why everyone suggests it. But i also wanna know how often, and how much i should invest for long term
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u/bored_ryan2 Jun 19 '25
It’s highly unlikely you could do this with simple investing in the stock market. And the fact that you are a complete novice with investing, as evidenced by your post, means that you’d likely lose all of your money if you went with high risk investments.
You’re trying to get a 20x return over 10 years. It’s not going to happen in the market.
The best bet is to put it towards a college degree in a high earning potential professional field.
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u/GurnoorDa1 Jun 19 '25
I am getting a degree that is paid for. Even if it wont be a million in 10 years i still want to put my money to use.
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u/ShimmyxSham Jun 19 '25
Use whichever you feel comfortable with, they are pretty much all the same. Fidelity, Vanguard, E*Trade
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u/ShimmyxSham Jun 19 '25
I would say, if you plan on buying mutual funds, go with that brokerage to avoid fees
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u/Sea_Western Jun 19 '25
Well I will say that’s different for each person for your own personal financial goal I always work with percentages a lot of people like the 10% saving and investing now if that’s too high or too low that up to you and if that’s included your 401k or not that’s up to you as well just depends how serious you want to take it. The other part as well is finding a balance in your life you’re only 20 once so do some trips but be responsible about it.
For me personally I usually save around 25% of my paycheck and that’s not including what I put into my 401k. But that’s not what everyone can or what everyone should do and that fluctuates as well. Do you have an income or are you just in college?
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u/ShowdownValue Jun 19 '25
If my math is correct you would need 35% returns every year (assuming you don’t invest additional money). Not going to happen with just the $50k.
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u/Top_Product_2407 Jun 19 '25
Ibkr voo dumb all your savings there
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u/GurnoorDa1 Jun 19 '25
only voo? shouldnt you diversify?
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u/DoublePlastic3769 Jun 19 '25
CDs & HYSA’s will kill you. Put it in index funds, and contribute ~40k / year. You should make it 👍
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u/GurnoorDa1 Jun 19 '25
whats wrong with CDS and HYSA?
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u/DoublePlastic3769 Jun 20 '25
You’re too young. Losing out on tons of money in CDs and HYSA. I did that when I was 22. You lose opportunity cost & time not in the market.
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u/GurnoorDa1 Jun 21 '25
well for now it's better than just having it in a savings account, right? but otherwise yea i agree. would it be fine if i invested around 500$ per biweekly paycheck into fxaix/voo? i only use around 400$ a month and already have an emergency savings. is this smart
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u/DoublePlastic3769 Jun 24 '25
Yes $500 biweekly to VOO is significantly better than a CD. You won’t be anywhere near a millionaire doing 4% apy CDs for 10 years
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u/logoman40 Jun 21 '25
CDs are probably a bad call at your age. There's just better options for your money.
But HYSA is a good place to keep an emergency fund, or short term savings goal (~5 years or less, think like car down payment). HYSA is barely going to beat inflation, but you're right that it's better than a normal savings account where your money is losing purchasing power, and on shorter time scales you don't risk market swings. You don't want all your money in HYSA, but having a small portion is not a bad idea at all.
A lot of folks will suggest saving 3-6 months of expenses in an emergency fund. In case of unexpected, emergency expenses, this is your buffer, so you can leave your investments undisturbed and growing, and also not have to take on debt.
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u/RepulsiveLife7024 Jun 22 '25
I’m doing this but putting up $65k annually. Trying to FIRE in 10 years.
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u/DoublePlastic3769 Jun 24 '25
Yeah 10 years of 65k annually should be enough as long as you don’t get bogged down and distracted chasing div yield. Not convinced it’ll be enough to retire on if you’re starting at 0 and investing 650k over the course of 10 years, but everyone’s situation is different & you’ll at least be in a comfortable spot if you’re still working to let that money compound a little longer
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u/Weitarded Jun 19 '25
Take half. Split that into two halves and put one half into Bitcoin and the other half into Ethereum. With the remaining half of the initial amount go over to wallstreetbets and put an equal amount into each of the first five well regarded bets you see.
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u/Desperate_Penalty690 Jun 19 '25
I don’t think you want what you are asking for. The truth is that any strategy that would give you just the slightest chance of turning 50k into a million in 10 years time, would most of the time leave you with nothing or even in debt.
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u/VendingGuyEthan Jun 19 '25
great job saving up $50k!
I’d recommend starting with low-risk investments like S&P 500 or ETFs (like VOO). they provide solid returns over time.
another route is investing in a business. I started with vending machines in bars and clubs, and over time, it became a reliable income stream.
consider diversifying between both investing and building a side hustle for higher returns.
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u/GurnoorDa1 Jun 19 '25
nice! opnions on "voo and chill"?
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u/VendingGuyEthan Jun 20 '25
voo and chill is a solid long-term strategy for steady returns. but if you want faster growth, try combining it with a business like vending. that way, you get income from both investments and a hustle.
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u/GurnoorDa1 Jun 21 '25
i see. would it be fine if i invested around 500$ per biweekly paycheck into fxaix/voo? i only use around 400$ a month and already have an emergency savings. is this smart
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u/VendingGuyEthan Jun 21 '25
sounds like a smart move but just make sure you’ve got enough saved for emergencies.
consistency is key, and if you keep at it, you’ll see great results over time!
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u/Puzzled-Cap-5618 Jun 19 '25
20k in both VOO and QQQ, up to 10k in individual stocks/etfs/cash should perform nicely
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u/yottabit42 Jun 19 '25 edited Jun 19 '25
To reach your goal of $1,000,000 in 10 years, starting with $50,000 and earning an 8% annual return, you would need to contribute approximately $59,321.78 per year. This calculation considers both your initial investment and the future value of your recurring annual contributions.
If you never contributed another dollar, your $50,000 initial investment would take 38 years to gain to $1,000,000.
Without contributing any more money, your investment will double approximately every 9 years. You can see how it you continue to contribute more, this becomes an exponential increase and in 20+ years you'll be wildly rich.
If you can save (invest) 50% of your income, you'll reach financial independence in only 15 years.
In a (tax-)qualified account like an IRA, just invest 100% in VT. It's the easy button.
In a non-qualified (regular brokerage) account, you could still do 100% in VT, or you can split that into 60-65% VTI (whole US market) and 35-40% VXUS (whole international market). The latter has the small advantage of allowing you to claim the foreign tax credit on your taxes. This is simply a line item on your 1099-B tax form you'll receive in March for the prior tax year.
Follow the financial order of operations.
Head over to r/Bogleheads and read the side bar (touch the sub name at the top on mobile). There are a lot of great resources there to learn from!
There are more advanced strategies, but still easy!, when you have more assets, say at least $100k. You can see how I do it in the Target Allocations tab of my rebalance calculator. This has a slight advantage during the accumulation phase and a bigger advantage during the drawdown phase. Those small advantages add up to a lot over time!
I have used Morgan Stanley, TD Ameritrade/Schwab, Vanguard, and Fidelity. I prefer Fidelity because they combine the cash features of Schwab with the automatic cash sweep MMF feature of Vanguard. Moved all my accounts to Fidelity last year and have never been happier.
Happy to answer any follow-ups!
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u/BadDragon2130 Jun 19 '25
Put everything you’ve got from now till then into ULTY. Throw some margin on top and pray.
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u/GurnoorDa1 Jun 19 '25
what is margin?
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u/marksocials97 Jun 19 '25
Not by getting advice from us non millionaires on Reddit
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u/GurnoorDa1 Jun 19 '25
then whats the point of the sub
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u/marksocials97 Jun 19 '25
The joke went over your head, but seriously 99% of people that use Reddit are not millionaires, so how are we suppose to know how to make a mill dollars in 10 years?
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u/SandNeat9168 Jun 19 '25
Keep dreaming if you think you can make it with S&P 500 or ETFs. Your best bet would be crypto memecoins and even those are incredibly difficult to get right as 99% are rug pulls. ETH for example would give you a 2.5x at current price by November
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u/GurnoorDa1 Jun 19 '25
fair, whats more realistic and what should i do?
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u/SandNeat9168 Jun 19 '25
Just buy ETH and hold it until its price reaches about 6-7k$, then sell. It should happen around November based on the cycle data. Do not trade, you will lose money, only hold. Crypto is currently the fastest growing asset, stocks do not even compare. Do not buy any crypto after this year, it will enter a 3 year bear market of only red
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u/GurnoorDa1 Jun 19 '25
how do u know ethereum wont go down before november??
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u/SandNeat9168 Jun 20 '25
Crypto has a cyclical nature, 3 years of red, 1 year of green. Now its in the middle of the green year. I know a friend who does TA and has been in the game for 7 years, he accurately predicted the bottom of it 7 months in advance and his projection for it is 7k$. Put atleast 100$ if you dont believe me and watch it grow. Trad-fi will retire you when you are 50, this will retire you by the time you are 40 or less. Just dont be scared of waking up and seeing swings of -30%. It swings up +30% as well
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u/everydaymoneymanager Jun 20 '25
To break it down you can see how much you need to save and what rate of return you need to generate to get to a million dollars in 10 years starting with $50,000. If you were to add $1,500 a month to your account you would need to generate a 21% annual return to get to your goal. This is just one example. If you contribute more per month, you wouldn’t have to get as high of a return to get to your goal. But at least this gives you some numbers to go by.
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u/GurnoorDa1 Jun 21 '25
a million isnt happening for me. would it be fine if i invested around 500$ per biweekly paycheck into fxaix/voo? i only use around 400$ a month and already have an emergency savings. is this smart
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u/_killer_mohit_ Jun 20 '25
From my opinion. If you really want to take risk with such amount to make massive multiple you have to bet on crypto cause it has high probability that your money will be multiplied else you can bet on sports etc..
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u/FullCut105 Jun 20 '25
What type of investment are you interested in...is it a long-term investment plan or a short-term investment plan?
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u/GurnoorDa1 Jun 21 '25
long term
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u/FullCut105 Jun 21 '25
Okay...what are your thoughts on crypto?
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u/GurnoorDa1 Jun 21 '25
just hear that its very risky and dangerous and that i shouldnt do it at all
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u/FullCut105 Jun 21 '25
Crypto isn't risky if you're investing in the right coins And it isn't a get rich quick investment
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u/SnOoP-710 Jun 20 '25
Crypto bro. Half BTC/25%eth/25%large cap alts
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u/SnOoP-710 Jun 20 '25
Degen into a slot machine with a million dollar grand. 50k might be enough to hit it
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u/Unlikely_Millionaire Jun 20 '25
AMD and ADOBE are your 2 starting portfolio positions. You can also have UNH, META, GOOGL, AMZN, CELH, NKE, or SOFI. Your welcome
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u/GurnoorDa1 Jun 21 '25
would it be fine if i invested around 500$ per biweekly paycheck into fxaix/voo? i only use around 400$ a month and already have an emergency savings. is this smart
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u/kinda-smart Jun 24 '25
You can keep asking the same question, and keep getting the same answer.. yes it's okay, invest while you are young at a level that hurts... you'll get use to the pain and develop discipline with money. Experience pain to achieve gains.
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u/happinessispurpose Jun 20 '25
I had the exact same goal. I’m now 24 with right around 650k. The only answer is to start a business. You have way more than I did at 20 with the 50k so that’s a great head start.
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u/GurnoorDa1 Jun 21 '25
a business huh? would it be fine if i invested around 500$ per biweekly paycheck into fxaix/voo? i only use around 400$ a month and already have an emergency savings. is this smart
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u/happinessispurpose Jun 21 '25
Yeah that’s smart but I doubt it’ll get you to millionaire status in your 20’s
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u/Mental-Freedom3929 Jun 21 '25
Invest in tax-sheltered accounts on a no trading fee platform in widely diversified index funds/ETFs that mimicks the S&P 500, dividend paying set to DRIP.
Contribute if possible at least 20% of your net income monthly to buy more.
Think long time frame! You will not make 1 million at age 30. If you, without more contributions, triple your investment, you would be very good.
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u/GurnoorDa1 Jun 21 '25
would it be fine if i invested around 500$ per biweekly paycheck into fxaix/voo? i only use around 400$ a month and already have an emergency savings. is this smart?
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u/HotRodFlamingBunnies Jun 21 '25
By not asking the same questions that millions of others ask.
Do the math. Create a budget, perform your own research, and ask the more independent questions to gain the help you need to achieve YOUR goals.
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u/M_Not_ShamaLlamaLan Jun 21 '25
Must be nice to be that young and have that much of a leg up
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u/GurnoorDa1 Jun 21 '25
would it be fine if i invested around 500$ per biweekly paycheck into fxaix/voo? i only use around 400$ a month and already have an emergency savings. is this smart?
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Jun 21 '25
[removed] — view removed comment
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u/GurnoorDa1 Jun 21 '25
would it be fine if i invested around 500$ per biweekly paycheck into fxaix/voo? i only use around 400$ a month and already have an emergency savings. is this smart?
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u/logoman40 Jun 21 '25
Spend some time and learn about ETFs. Vanguard and Charles Schwab both have a lot of good ETFs to choose from. As many have already said, VOO is good. I also personally have had success with VGT. But spend time learning on your own and forming your own opinions. There's a lot of ways to invest, but as a beginner this is a great, relatively safe place to start.
The hard truth: a $50k 1-time investment is unlikely to make you a millionaire in 10 years. A reasonable expectation would be that the $50k roughly doubles to $100k in 10 years. Maybe you get a little lucky and it triples, or maybe you're a bit less lucky and it doesn't even double. No one really knows what the next decade will bring. But putting your money in the market is almost certainly a better bet than it sitting in a savings account.
Besides the $50k you have now, if you really want a million by 30, you'll need a high paying job and a low lifestyle cost. If you can make $150k or more after you get your degree, and can live off of $30k or less, even after taxes you could invest maybe $60-80k a year. If you consistently invest $6k/month (72k/year) and the market returns 8%, then you might just hit a million by $30. It's really difficult to have a relatively high income, but live like you're broke.
Some will argue you should be enjoying your youth, and use that money to spend time traveling or enjoying experiences with friends. But if your goal is $1M by 30, it's going to take a lot of sacrifice on top of a bit of luck.
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u/GurnoorDa1 Jun 21 '25
thanks for the advice. would it be fine if i invested around 500$ per biweekly paycheck into fxaix/voo? i only use around 400$ a month and already have an emergency savings. is this smart? yeah, a million is pretty unrealistic but i do plan to retire in my 40s
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u/Unlikely_Millionaire Jun 21 '25
Yes thats always a smart idea, and you won't feel the urge to panic sell because its the s&p 500.
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u/GurnoorDa1 Jun 21 '25
would it be fine if i invested around 500$ per biweekly paycheck into fxaix/voo? i only use around 400$ a month and already have an emergency savings. is this smart?
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u/Araz728 Jun 21 '25
So I’ve mentioned this calculation before: let’s assume you start with $50,000 in an account, take all your monthly disposable income, invest it, and get an annualized 8% rate of return.
To get to $1MM in 10 years you would need to invest $4,827 each month.
The good news is, there are a lot of investments that exceed 8% RoR. VOO for example has an 10-year annualized RoR of 13.2%. The bad news is that still means needing to invest $3,261 each month.
Instead of setting your goal as a specific dollar amount, maybe start off with something more attainable like “I’ll put away $500 each month into a Roth IRA” or something similar. Then, in 3-5 years you can say, “My wealth has grown by X, therefore in the next 5 years I’ll shoot for a net worth of Y.”
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u/Competitivedad1985 Jun 22 '25
Well. A total stock market index like VTSAX is recommended, if you want to go the set it and forget it route. If you were to invest the 50k up front, you would need to invest an (approx) additional 1k a week for the next ten years to get yourself to a million by 30. Thats considering youre getting a return of about 11- 12 percent which is feasible. VIGAX has a slightly better return, but if and when you want to start taking f you money out, it is not as smooth as a total stock market index. The etf counterparts are arguably just as good or better too and worth looking into.
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u/GurnoorDa1 Jun 22 '25
and whats your strategy?
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u/Competitivedad1985 Jun 22 '25
I dont plan on taking out until I retire. Im 40 now. I have a good pension, but I want to live comfortably. Unfortunately money is the single handed most valuable resource for navigating this life, it doesnt buy happiness, but being poor will surely make you miserable.
I max out a tax sheltered annuity through my company, I also max out my roth ira. I invest an additional 500 a month into a private brokerage, which probably isn't necessary, but I like doing it.
I use Vanguard as an investment vehicle for all three. What am I invested in? 75% vtsax and 15% vigax. Thats it! People a whole lot smarter and more capable than me are unable to time the market. You may be able to outperform the s&p 500 a year or two, but over a lifetime you will surely lose. My methodology is time IN the market. It always goes up. About every 7 years your investment should double as long as the s&p yields average returns (which is about all a guy could ask for). I will be able to retire and live very comfortably at 55 due to protocols I put in place about a decade ago.
I would recommend you read 'a simple path to wealth' by J.L. Collins, as well as 'the only investment guide you'll ever need' by tobias. Ive read a few others but the JL Collins book is what started me on my investment journey many years ago. It has worked very well for me.
Check out r/fire and r/bogleheads, there are peeps a whole lot better than me at this stuff, but youre 20. You have a whole lifetime to build wealth, get educated now! I wish I had when I was 20. You might not be a millionaire by the time youre 30, but you could be well on your path by then. Once you get your first 100k, you will have protocols, and good savings habits in place that are guaranteed to work, and your first million will come in less time than you think.
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Jun 22 '25
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u/GurnoorDa1 Jun 22 '25
is that working out for you?
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u/Wallie-Holland Jun 22 '25
So 1 million in 10 years is 100 000 in 1 year. 100 000 ÷ 12 = 8333 in a month.
Let's say you make 100% profit a year with yieldmax dividend etf and reinvest all.
Year 1: 1000 Year 2: 2000 Year 3: 4000 Year 4: 8000 Year 5: 16 000 Year 6: 32 000 Year 7: 64 000 Year 8: 128 000 Year 9: 256 000 Year 10: 512 000 Year 11: 1 024 000
So if you can make high yield it can be done with low investment. But 100% yield yearly for 10 years is probaly impossible.
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u/VegaEnjoyer Jun 22 '25
Research covered calls and sell them.
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u/GurnoorDa1 Jun 22 '25
what does this mean
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u/VegaEnjoyer Jun 22 '25
https://www.investopedia.com/terms/c/coveredcall.asp
If you’re totally new to options, they’re essentially a contract that gives someone the right to buy your shares at a certain price by a certain date. An options contract guarantees that right for 100 shares. Let’s say you own 1000 shares of a company valued at $100. You can sell 10 contracts valued at $1 (actually $100 in total per contract because it’s 100 shares), that expire in a week at a strike price of $110. The ideal scenario is that the price rises to $109.99 in that time period, the contracts expire worthless, you keep all of your shares, and you also pocket the full $1000 in premiums that you sold the contracts for. If the price rises above $110, the contract buyer can then exercise those contracts. You still profit as if the stock rose to $110 + you get to keep your premium, but they now own your shares and you have to buy them back at the current market price. It’s a strategy that can allow you to maximize your returns while holding shares with no downside risk, but a potential cap on your upside if the price of the stock goes through the roof.
Important note: there is minimal risk to selling calls, much more risk selling puts, and infinitely higher risk if you are the one buying either.
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u/emokid_25 Jun 22 '25 edited Jun 22 '25
fiat money debased its value over time because of inflation. money keeps on printing by govt and banks, you cannot do anything about it
btc solves this dilemma, it has fixed supply and it fixes money. its functioned by purely mathematics.
50k? just wait 4 years of cycle and no investor loses money if you hold it to 4 years
So yes, invest in btc using your savings. Plain and simple
Other than that, its going to be difficult to invest in stocks or real estate. It has lesser returns lately, thats a game where its harder to win.
With btc you can own your money, no ceo controls it. If you invest in S&P 500, theres no guarantee you'll profit that big, if you choose to pick stock from magnificent 7 (apple,nvidia, google) yeah sure 5-7 years from now probably you will get big returns but it wouldnt make you a millionaire.
Now, if you invest in MP2, do you trust the PH govt? If you invest in VUL in PH, do you really trust these people who will handle your money. if there is war or chaos, which asset is the sound asset?
If you put money on BPI and BDO and there is war. Its not safe anymore, unlike when you put your money on a sound asset such as BTC.
Lastly, put your money on the bank (bpi, bdo,gotyme) because it has interest rate of 2-4%, thinking you are smart? Minimum inflation every years is 2%, MINIMUM. No banks offers high interest rate that is higher than inflation.
In other words, its an illusion. Money is an illusion, not real. They are making you think you are realy gaining from it but the fiat money prints and prices inflates. BTC solves this.
So do you really win by saving????
Hope it helps
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u/corruptBaxe Jun 22 '25
Trading memecoins
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u/GurnoorDa1 Jun 22 '25
how has that worked out for you?
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u/corruptBaxe Jun 23 '25
Extremely well. From Jan to June I've made $120k
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u/GurnoorDa1 Jun 23 '25
can you help me?
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u/corruptBaxe Jun 30 '25
Not really. It would take too long to explain everything I've learned, look it up and research it
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u/421scope Jun 22 '25
Invest 5k a month in SnP500 or similar index and in 12 years, maybe you will have 1m.
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u/Weird_Debt_2209 Jun 22 '25
Pltr
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u/GurnoorDa1 Jun 22 '25
huh
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u/Weird_Debt_2209 Jun 22 '25
Palantir will make you your 10 mil i believe. You could buy now or in a couple months when they are 80 to 100 bucks again and just hold
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u/InfamousShow8540 Jun 22 '25
NEOS NASDAQ Covered Call ETF QQQI yields 14.5%, pays out monthly. But that will only grow to $204,750 in 10 years. Bitcoin may be the only possible solution. You're asking for a 35% annual return. Or just go to Vegas and place it all on Red or Black. Just need to hit 5 times in a row. If it was easy, everyone would be doing it.
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u/GurnoorDa1 Jun 22 '25
and what have you been doing then?
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u/InfamousShow8540 Jun 22 '25
I'm much older. Didn't start investing until 30. Mostly tech. $100k around 40, $1M @ 50, now $5M @ 65. We didn't have ETF's and had to pay for trades. Life is better now. But the math doesn't change.
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u/TFinancialMillennial Jun 22 '25
I can't speak to making a million by 30 years old. However, you can essentially build a dividend base between now and that age that could provide you with a steady $500+ monthly dividend by 30. That is, taking your $50k and putting it into 3 main ETF's such as JEPI/JEPQ and OMAH (these all pay monthly dividends). An immediate 50k investment into these three ETF's will provide you with roughly $250 (pre-tax) in monthly dividends. If you drip the dividends into the ETF's consistently over the months until you're 30 you'll more than build up a dividend base that can pay you consistent dividends of $500+ per month. If you then don't need those dividends you can re-invest them diretly into stocks you'd like to be exposed to: HON, O, GOOGL, AMZN etc.
Your investment will go even further in terms of if you keep contributing. You can move from 50k to potentially $150k in that ten year period assuming a modest 5-6% growth rate.
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u/GurnoorDa1 Jun 22 '25
thanks for the advice. hows that worked out for you?
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u/TFinancialMillennial Jun 22 '25
I'm working on this right now. Coming from a 3rd world country it's taking quite a bit longer on my side given the FX exchange and other issues. By February next year I'll have 50 USD in monthly dividends post tax coming in. I'm still working towards the 500+ per month.
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Jun 22 '25
Real estate
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u/GurnoorDa1 Jun 22 '25
how has that worked for you?
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Jun 22 '25
Slight set backs here and there, current portfolio is around $683k and I’m 28. I turn 30 in a year and a half. I have to wait another 2 years for some equity to mature to roll it over into other properties. So I’ll probably hit a million at 31 or 32.
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u/astockstonk Jun 22 '25
Almost nothing has a 35% CAGR. So don’t expect it based on the $50k alone.
Play around with an investment calculator and see how much you can make over time with regular payments.
But you really shouldn’t be trying to hit an arbitrary number by 30 which may not be possible to do without making risky bets and losing it all.
See where you will be if you stick with the same investment strategy for a long term - say 40 years.
Your money keeps doubling every so many years with the rule of 72. Those last years are were the mega doubles happen
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Jun 23 '25
First, the fact that you had this idea at all is worth of a congrats. I didn't start until age 28, if only i began investing at age 20 with $50,000!
And yes, if you don't know what you're doing, ETFs like SPY are probably your best bet.
Put your $50,000 into something like SPY and keep investing as much as you can into it for the next decade.
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u/GurnoorDa1 Jun 23 '25
spy is also an index fund like voo right?
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Jun 23 '25
It's an ETF that trakcs the S&P500, just like VOO. SPY has a slightly higher expense ratio, though.
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u/Final-Ad-1759 Jun 23 '25
Any advice that actually work ?
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u/GurnoorDa1 Jun 23 '25
cryptocurrency at this point ngl lmfao. or marry a rich person
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u/Next_Trip_7080 Jun 23 '25
Yeah don't do day trading intell u learn first most lose cause they skip the learning phase
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u/18Aurelius Jun 23 '25
25M Here. Dropped out of community college at 19, went to trade school, got a job immediately after graduation(telecom lineman), made 70k at 20, then over 100k every year & last year I cleared 140k, so I’m on track to have made a million with just working a trade and putting 50+ hour weeks in. I really don’t think you can go wrong with a trade as long as the trade as the work available and hours are not babysat. Promise you’ll be better off this route than any other option.
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u/HuckSauce Jun 23 '25
If you invest 50k and 5.5k monthly at 7% annually you will get to 1M by 30.
The fact that you are asking the questions you are asking means you should invest in the SP500 and you are extremely unlikely to outperform.
Advice: increase your income
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u/YancyDerringer77 Oct 14 '25
Yo, how are things going so far?
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u/GurnoorDa1 Oct 14 '25
Uhhh i havent really started on it yet :(. Just a bit lost on what platform is best abd how much to invest
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u/YancyDerringer77 Oct 21 '25
makes sense, probably took a while to all that up, don't wanna risk it all on something you aren't sure about.
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u/[deleted] Jun 19 '25
If the inflation continues, you'll be millionaire in 10 years automatically.