Skip to content
Archive
← r/investing
1
100%
u/Big_Crank 3 hours ago

Just reached 150k!! Yeehaw!!

Hello everybody I have been investing since March 2022 when i was 27. I'm turning 31 this month. I had nothing to my name back then Dave Ramsey of all people gave me the tools and knowledge and information to get started investing and start believing I could be wealthy one day (like many investors, I have since felt more misaligned with him, but I still appreciate his work) My goal was to catch up to the people that started investing when they were 18. (I wish someone would've taught me about money and wealth building at an earlier age) I have just nearly surpassed that by my best estimates! Since beginning my journey, I have gotten married, lost my best friend (my father), became an uncle, and now I am planning a move across the state to be closer to family so we can have our own baby with support. For most of the time I was investing overly aggressive. Around 25% of my paychecks, as an OR nurse. Practically everything is S&P 500. I did make a lucky 10% bet/conviction-play on Nebius (I am slowly unwinding that position) I imagine that I might slow down my aggressiveness. With a baby and a new house there will be a lot of unforeseen things I'll want cash for. So right now my contributions are at 15%, and I get a 5% match. It feels good that as time continues, my money will start to work in my favor instead of me, just depositing into the void. All these Reddit communities are super helpful and inspiring For anyone just starting out, keep your head down, keep shoveling shit, it feels good to start seeing it all come together Next check-in will be 200k ✌🏼
32 comments held Reddit says 0 on reddit ↗
  1. u/Glum-Chemistry3120 1 3 hours ago
    Congrats on doing that. Really glad seeing how people benefit from this community. I am very new to this community just joining here because I just graduated from college with a job and just fill up my emergency fund but didn’t know what to to with the extra money. Probably now saving ip to buy a car but do you have a tips for me to where should I put my money when I have more and more excess on every paycheck? Will always appreciate you taking the time to help :)
  2. u/Big_Crank OP 1 3 hours ago
    Well, when I have cash, I keep it in a brokerage account with Fidelity. In there, it will automatically be invested in a fund called SPAXX. This is basically a treasury bond account. Your money will make roughly 4% annually, and I will pay you at the top of every month It's nice to make an extra few bucks If you plan on needing the money within a year, I would say do that. If this money can sit around for two or more years, I would say put it in any account that you can invest in some index funds.
  3. u/Glum-Chemistry3120 1 3 hours ago
    I appreciate it man! Thank you so much. Will do my research on SPAXX etc.
  4. u/Big_Crank OP 1 3 hours ago
    Glad you're here
  5. u/Any-Cup8629 1 3 hours ago
    God bless man, good for you!
  6. u/Big_Crank OP 1 3 hours ago
    Thanks my friend 👊🏼
  7. u/Current_Bobcat_9182 1 3 hours ago
    Why do humans attribute some special meaning to round numbers , why don't you next check-in at 213k instead of 200k ?
  8. u/Big_Crank OP 1 3 hours ago
    Be my friend plz lol
  9. u/GandalfSwagOff 1 2 hours ago
    The same reason you add a space before your commas and question marks. We are humans.
  10. u/Current_Bobcat_9182 1 2 hours ago
    The space before the comma was not intentional, it was entered by mistake. Maybe I am a bot and not human, maybe a large volume of reddit comments are bots to create engagement with the humans that use reddit.
  11. u/Big_Crank OP 1 2 hours ago
    Lol all good buddy. Glad youre here
  12. u/GandalfSwagOff 1 2 hours ago
    It was more a joke saying how we are just quickly creatures and sometimes we do pointless shit like round to whole numbers or put spaces before commas. I made no mention of you being a bot because you aren't.
  13. u/Current_Bobcat_9182 1 2 hours ago
    Zzzzt... whirr... **BEEP BOOP BE BA BEEP!**
  14. u/Big_Crank OP 1 2 hours ago
    OOHHH BURN
  15. u/Dull_Judgment1587 1 3 hours ago
    Debt-free scream!! Great work. Thanks for sharing your inspiring success story.
  16. u/Big_Crank OP 1 3 hours ago
    WERE DEBT FREEEEE lol. Youre one too!
  17. u/Dull_Judgment1587 1 3 hours ago
    I was in so much credit card debt! My wakeup call was, I realized I was in my 30s and I was still making payments on going out for drinks with my friends when I was in my 20s.
  18. u/Big_Crank OP 1 2 hours ago
    That sounds like a colloquialism that Ramsey would say! Lol "you'll be paying for drinks you had in your 20s when you're in your 30s" lololol I wake up call Was, i went to YouTube, trying to find out how much truck I could afford. I watched my first Ramsey video and determined I couldn't afford any! Lolol
  19. u/Ready_Piano1222 1 3 hours ago
    Rice and beans!
  20. u/Big_Crank OP 1 2 hours ago
    LFGGG more brothers n sisters
  21. u/sse2k 1 2 hours ago
    Congrats! 25% savings rate is no small feat. Future you will appreciate the boost toward the exponential growth curve.
  22. u/Big_Crank OP 1 2 hours ago
    Every time I make one of those decision decisions, it is directly to please future me lol
  23. u/TheUnderDog24 1 2 hours ago
    I’m 28, started last year (barely anything yet because I’m a student) and I’m graduating nursing school this coming May and this was so encouraging to read about my future
  24. u/Big_Crank OP 1 2 hours ago
    Dude AMAZING. small world! When you sign up for your benefit benefits, read the retirement savings section really good. You might have better benefits than me! Find out what the matches, how much you need to contribute in order to get it. And also when you will be 100% vested.
  25. u/Big_Crank OP 1 2 hours ago
    I think I'll be glad that I went really hard for 4years You should too!
  26. u/kylie0810 1 2 hours ago
    This is the kind of post people need to see more of. No lottery ticket, just a few years of staying consistent while life kept happening. $150k at 31 is legit. See you at $200k.
  27. u/Big_Crank OP 1 2 hours ago
    Thank you, sir. These communities can be really cool. Thank you for your support Support.
  28. u/9yr0ld 1 1 hour ago
    Nice work brother. I just recently hit $150k myself.
  29. u/Big_Crank OP 1 1 hour ago
    Good company! Party on. See you on the next o e
  30. u/Big_Crank OP 1 1 hour ago
    One
  31. u/c0horst 1 1 hour ago
    Good job man. I'm a bit older, started investing ~ 2 years ago when I hit 36 after finally paying off my student loans, and am working to catch up to you now :) Hopefully I'll be at 150k by mid next year if things keep going the way they are!
  32. u/SPorterBridges 1 1 hour ago
    Bro, you're doing everything wrong. You're supposed to say you'll never get ahead because the stock market is rigged and the rich get richer and the fed keeps printing money and any day now we'll sink into a new Great Depression. I don't know what you're doing but it isn't Investing™.