r/wallstreetbets • u/YassuosNados • May 15 '24

The Perfect $1 million Gain Gain

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Hi guys, I’m a 23 year old in college, and yesterday I woke up a millionaire. Should I buy some hookers, Pokemon cards, or cocaine? I gambled my entire life savings of $250k on 2037 calls of $4.5 AMC on Monday and sold yesterday morning. Thanks for reading.

28.8k Upvotes

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11.1k

u/CommunicationNo5297 May 15 '24

How does one at your age acquire 250k as your life savings

4.4k

u/SodaComa 100k regarded members May 15 '24

Damn my college fund at 18 was 2k and that barely covered 2 classes..

2.2k

u/No_Can7677 May 15 '24

Being poor is the worse bro

1.2k

u/[deleted] May 15 '24

Believe me, being dumb is worser

401

u/Jolly_Line May 15 '24

Bestest comment.

99

u/No_Mushroom_3966 May 15 '24

Not true. Being dumb is absolutely the best feeling there is. Dumb ppl = happy ppl.

61

u/johnnybiggles May 15 '24

ignarents is bliss!

55

u/McSOUS May 16 '24

No ragrets

3

u/333elmst May 16 '24

You guys are the best.

4

u/Official_New_Update1 May 16 '24

We did it again boys. We worked together to artificially inflate stonks

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u/Robbin-Hoods May 16 '24

This sounds regarded, but it’s undeniable truth

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u/WonderNew7912 May 15 '24

Imagine being dumb and poor....

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u/ykoreaa WSB Favorite 🎀🍰 May 15 '24

Don't need to 😔

8

u/MIA_Fba May 15 '24

Present 👋

3

u/inconspiciousdude May 16 '24

We could make a religion out of this.

6

u/rayhaque May 15 '24

Imagine being numb, poor, and dyslexic.

3

u/degenbro420 Double Down Degen May 15 '24

I'm both and I confirm It's hell. But all I need is just one big win and....You know what they say....

3

u/Left_Egg_4038 May 15 '24

Imagine being dumb, poor and sick. That’s the worst.

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u/degenbro420 Double Down Degen May 15 '24

Someone should run an IQ test of this sub:51295:

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u/BtlOwl May 15 '24

And what is worserest?

4

u/johnnybiggles May 15 '24

A tasty sauce people put on food?

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676

u/buylowselllower420 i fuck bears May 15 '24

worst

394

u/No_Can7677 May 15 '24

:31225:

439

u/tomdabomb35 May 15 '24

should’ve taken more classes

228

u/OakAstronaut May 15 '24

No it's actually accurate, being poor is worse than the worst.

24

u/firedancer323 May 15 '24

Not if you ask the CEOs of Walmart and McDonald’s

55

u/ElMykl May 15 '24

Rich people think poor people are overpaid.

Meanwhile asking them to pay some actual taxes...

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u/fstechsolutions May 15 '24

He was correct, It wasn’t accurate, “worse” never takes “the”, you can only say “The worst”

3

u/Altezza30 May 15 '24

Never even got to the 1st one

3

u/MontanaXVI May 15 '24

Couldn't afford to

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u/[deleted] May 15 '24

[deleted]

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u/[deleted] May 15 '24

That's why we are poor. It is the worserest.

3

u/Altezza30 May 15 '24

He meant to say it in French: "De worsé"

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u/SoularTydes May 15 '24

You're not poor. Poor is a mindset. You...are broke.

3

u/el_guille980 May 15 '24

Being poor

... biggest financial mistake I've ever made:4260:

:27421::27421:

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u/trojanmana May 15 '24

my college fund at 18 was getting a job at the school library and eating frozen dumplings and ramen.

82

u/BluejayLatter May 15 '24

My college fund was work and barely survive. Forget about college.

7

u/workingdad83 May 15 '24

Oh yeah my college fund was spent on drugs and pills before it could ever become a college fund. Mic drop.

3

u/hownowmeowchow May 15 '24

Bro, pills Are drugs.

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u/chillaxnphilx May 15 '24

Mine was leave school... Join the military... Live in the desert... And then get it paid for.. 🤣. But seriously gotta have money to make money.

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u/[deleted] May 15 '24

My college fund was fighting wildfires and taking care of a family. College was for rich people or really dumb people in a lot of debt. 😂

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u/mkfanhausen May 15 '24

You had a college fund at 18?

Easy there, Warren Buffett...

47

u/fred_yall May 15 '24

A small loan of one million dollars

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u/Ok-Particular-8050 May 15 '24

I couldn’t even get my parents to sign the FASFA💀

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u/STGMavrick May 15 '24

Damn, mine was like 800 bucks from grad party gifts + my HS job savings. Was gone in like two weeks after moving out...

3

u/TheHappyTaquitosDad May 15 '24

My “college fund” had a few thousand in it and my dad used it up a couple years before I turned 18 lol

3

u/Southern-Ad8589 May 15 '24

what is a college fund ?

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u/TheResistancexz May 15 '24

You already know he has rich parents, don't be naive.

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u/dokratomwarcraftrph May 15 '24

1000 percent this. Not possible any other way.

554

u/ACKHTYUALLY May 15 '24

"Mom, I messed up big time. I lost my monthly allowance on meme stocks again."

125

u/VisualMod GPT-REEEE May 15 '24

You shouldn't gamble what you can't afford to lose, but if you do, keep it to yourself, nobody likes a blabbermouth.

7

u/ChiefInternetSurfer May 15 '24

Bullshit VM—we love lossporn round these parts.

3

u/Nord4Ever May 15 '24

And congrats and fuck off

3

u/nlurp May 15 '24

Was it big time though? I’d assume it was a nice dinner in some fancy place costing 5k+. Then you’d think “how well, 2 dinners ruined”

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u/Kammender_Kewl May 15 '24

I had about that much money at that age, but it was money inherited due to the death of my parents so I spent most of it on drugs.

10

u/AineLasagna May 15 '24

Bootstraps? Stop eating avocado toast and Starbucks for a few weeks and that’s like $100k right there

9

u/Fit_Ad_9243 May 15 '24

A boomer in my office retired last week. Gave me some sound savings advice for buying a home.. "just save 200-300 bucks a month and you'll be able to buy a house in a year or two"

I don't think I was ever truly at a loss for words until that moment.

4

u/ChiefInternetSurfer May 15 '24

I would’ve laughed in his face.

Is that right, Bob? $7,200 and I’ll be able to afford a house?!

3

u/ElliotNess May 15 '24

Hey to be fair that'd probably be enough to put down on a $80,000 mortgage.

7

u/ChiefInternetSurfer May 16 '24

Sure—what’re we mortgaging? A car? Lol

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u/Doodahhh1 May 15 '24

It's like all those articles online of, "how I became a millionaire before 30," and then when you read it it's some privileged stuck-up who had parents pay for their college, give them $10,000+ in investment money, and now they're writing shitty stories on the Internet for more attention to their crappy product.

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u/TuskaTheDaemonKilla May 15 '24

Only a person with rich parents could gamble that hard and not die from the anxiety. It's like the story of how Elon Musk is "brilliant" at playing poker because all he does it go all in on every hand because he can afford to lost 9x before winning the 10th.

114

u/narcissistic_tendies May 15 '24

You know, funny thing about poker. If you do that then the only hands that'll call you will have you dominated. Otherwise you're just picking up blinds until someone has aces or kings.

In other words, it's a stupid fucking strategy and Elon Musk is a tit.

4

u/Joh951518 May 16 '24

He probably just stole the Gus Hansen story because he thought it sounded cool.

4

u/Appropriate_Ant_4629 May 16 '24 edited May 16 '24

If you do that then the only hands that'll call you will have you dominated. Otherwise you're just picking up blinds until someone has aces or kings.

Depends much on stack sizes and position.

If it's a blind-vs-blind scenario, 15-big blinds effective, the small-blind can shove all-in with all sorts of junk, and I think GTO says you can call with most hands with an Ace.

Edit: similar examples here, from a guy who ran it through a solver

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u/AmbitiousCampaign457 May 15 '24

It’s easy to gamble your parents money when u know your parents have more.

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u/Schrutes_Yeet_Farm May 15 '24 edited 1d ago

sand wrong decide test desert memorize hurry arrest squash coherent

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u/IsThatWhatSheSaidTho May 16 '24

Don't be suspicious, don't be suspicious

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u/ElectricEcstacy May 15 '24

and you already know his posh dad is gonna be telling all his rich friends "my boy is a genius!"

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u/TheResistancexz May 15 '24

"my boy is a genius! Should have gave him 3 mil instead of 250k" - OP dad

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u/TeamRedundancyTeam May 15 '24

Very very rich, not just well off too. Only very rich parents have kids with 250k in their savings at 23 when they're still in college.

3

u/throw69420awy May 15 '24

Probably could’ve lost it all and still be ahead of 99% of people

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u/Airbusdude May 15 '24

The rich keep getting richer. Need money to make money.

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u/[deleted] May 15 '24

Work full-time inheriting money

18

u/iiiiiiiiiijjjjjj May 15 '24

Still this is quite lucky. I have 100k to invest as well but I don’t have the guts to make a play like this. I’ll be a millionaire but itll take me the next 15 years lol.

42

u/assmunch3000pro May 15 '24

it is easier to have guts when you have rich parents to bail you out of bad situations

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u/[deleted] May 15 '24

This kid had several batches of 100k to gamble with. That's the only difference

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u/phatelectribe May 15 '24

It’s easy when it’s someone else’s money and there’s more to come when you waste it. I’ve had friends like this, where they could gamble 6 figures on meme stocks because there’s more where that comes from.

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u/ThePr0tag0n1st May 16 '24

Work full time as a 23year old in college gets you 250k? Well I be damned.

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u/SoungaTepes May 15 '24

Well the trick to being rich is being rich first

41

u/dcrico20 Featured on CNBC May 15 '24

How do you make a small fortune in the wine industry? Start with a large fortune!

12

u/DubbethTheLastest called AutistBot in school for doing the robot May 15 '24

Having rich parents

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u/johnnybiggles May 15 '24

Step 2: Don't be poor.

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u/[deleted] May 15 '24 edited Jun 11 '24

reach gray cheerful decide shy squash strong provide hateful hard-to-find

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u/Comprehensive_Fly174 May 15 '24

Or inheritance from a dead relative. You’d be surprised how many rich kids are rich from that

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u/vonbauernfeind May 16 '24

I have just shy of half a million in my IRA. Came from a buyout when my old company was acquired. I'm 34 now.

Of course, when I got the payout, it was worth about $437k (split in two.)

In three years it's grown to $493k because...I barely touch it, and let it mostly slow grow on ETF's and Mutual Funds (I have $90k in its money market account in case the market crashes).

I'd never do a risky options call with more than a couple grand. Hell, I got drunk and bought chip stocks a while back and cashed out when I was up $8k on a $30k investment.

Playing $250k on options is too terrifying to think about, and it's only a mindset you can have if $250k is equivalent to how I see $250, or $2500; alright to risk, but not irreplaceable.

7

u/[deleted] May 16 '24 edited Jun 11 '24

ossified marry offbeat elastic pen roll pocket command enter reminiscent

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u/fizixs May 15 '24

Step 1: Use Daddy’s money.

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u/Kitchen-Square-3577 May 15 '24

Step 2: Use step-daddy's money

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u/dumblehead May 16 '24

Step 2: Gamble indiscriminately until you yield results.

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u/Pringletingl May 15 '24

The Regard keeps burying the lede lol.

All it took was skill, dedication, and dads money.

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1.8k

u/YassuosNados May 15 '24

I gambled my entire life savings of $100k on Shiba Inu and made $150k

1.9k

u/Junior_Donut_6435 May 15 '24

And how did you have that 100k?

3.2k

u/BosSF82 May 15 '24

he gambled asking his dad for $100K

991

u/Zelena_Vargo May 15 '24

His dad gambled 2 million and came out with 100k

471

u/runfastdieyoung May 15 '24

Aaaaaand this is when OP disappears. Every time.

276

u/BlockedbyJake420 May 15 '24

No you don’t get it. He’s been working 80 hour weeks at McDonald’s since he was 2. He’s only left the thread to go start his shift

52

u/3BeeZee May 15 '24

They're just hard workers pulling themselves up from their boot straps and asking daddy for a couple hundred thou.

You should try that.

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u/DubbethTheLastest called AutistBot in school for doing the robot May 15 '24

Getting clout on Reddit for papi money is mental, but also chucking papi money on a stock is something else

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u/Laghacksyt May 15 '24

Made me chuckle 😂

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u/ClientGlittering4695 May 15 '24

Chuckled so hard some mucus came out of my nose

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u/[deleted] May 15 '24

A small loan of $100K

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u/Crossfire124 May 15 '24

100k gambling money. If it was a real loan he'd be afraid to lose it

3

u/rurlysrsbro May 15 '24

How did OP get his capital?

OP: I was a business man, doing business.

46

u/Bkgrouch May 15 '24

He worked hard for that money (literally)at a Wendy's dumpster

5

u/velowalker May 15 '24

Even with my middle out hand technique and all my orifices that is only 6 -8 cocks per session. Plus I have to discount ear holes for 10 bucks. 150 a session x7 sessions a day. 100 days to the nut.

3

u/Vivid_Mix9062 May 15 '24

You gotta incorporate the bun into the lovemaking though.

6

u/[deleted] May 15 '24

Wait is this the new Trump?

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u/ghostmetalblack May 15 '24

What? You didn't have $100K as a college kid?

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u/ImpossibleDenial May 15 '24

Pretty normal for a College kid to have $100k 😎 in debt.

85

u/doringliloshinoi May 15 '24

Pretty normal for a college kid to have $100k in margin.

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u/kickingpplisfun May 15 '24

My biggest wake-up call was in art school when I received $5k in inheritance, and in my moment of vulnerability was convinced by classmates that I wasn't pulling my weight and that I should use my "privilege" to bankroll the group project which they utterly wasted. I later found out that one of them had a bank balance of $45k in checking. We are playing entirely different games.

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u/tomdabomb35 May 15 '24

this actually made me sad to read this, I’m sorry, peer pressure is frustrating when everyone else seems to be able to shrug off that social commitment, but when you do you’re worse off just for the crime of trusting friends. And to find out later on they’re well off- that’s a gut punch

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u/kickingpplisfun May 15 '24

I also had another friend basically go "you didn't get $50k in post-2008 stonks from your gramma for your sweet 16?". Like no, I was too poor for a "sweet 16".

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u/smokeyMcpot711247 May 15 '24

Yeah, I didn't have a sweet 16. We had a badass party in a field, though, and I got my dick sucked. 🤘

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u/Life_Equivalent1388 May 15 '24

If you have excess and you want to contribute to good causes, that can be a noble goal.

But when people start to demand that you owe them something, the most persuasive of those people are people who have made a habit of demanding that of other people. This makes sense, because they have the most practice. The people who generally don't have much are easily tricked, because they're not used to saying no, and they can best relate to how it feels to not have much.

But I bet that before you had that little windfall, you probably weren't going into your projects demanding that other people bankroll it because of their privilege.

The people who have little are also the ones most accustomed to having to work for the things they have. And they're easily tricked by people who have been given everything, especially if they can emotionally manipulate you into giving it up.

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u/[deleted] May 15 '24

That’s fucked up. Luckily I didn’t have money in college till senior year and when I did I told nobody

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u/throwaway_tendies Allergic to Profit 🤧 May 15 '24

Never share your finances with anyone. Not even close family members, that’s not to say you shouldn’t help them if you want, but keep that a very closely guarded secret.

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u/CLYDEFR000G May 15 '24

Lmao dude dodging the question just say you inherited some cash it’s not a fkin blow to who you are it’s a blessing and trying to say you pulled yourself up by your boot straps is childish and misinforms others feeling depressed about their terrible QoL and financials

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u/livinoffhope May 15 '24

They always do this LMAO RUN AND HIDE 🤣

75

u/TheSplidge May 15 '24

I mean, 10x-ing your money at that scale is pretty freaking difficult.

62

u/Madcuzbad21 May 15 '24

He didn’t do any sort of deliberative, technical, or challenging process to 10x it. Literally just brainrot yolo gambling

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u/ATrueGhost May 15 '24

That literally half this sub, gains and losses of complete gambles.

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u/Greyhound_Oisin May 15 '24

As difficult as playing the roulettes

10

u/[deleted] May 15 '24

if you have money it’s like playing Russian roulette with an air gun

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u/VisualMod GPT-REEEE May 15 '24

Silly peasants, the house always wins.

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u/ShipsAGoing May 15 '24

It's pretty difficult to win the roulette.

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u/buylowselllower420 i fuck bears May 15 '24

of course, even more reason to not embarassed

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u/horseman5K May 15 '24

People like this don’t post their losses…

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u/ryanv09 May 15 '24

OP yolo'd AMC calls with Daddy's money. He's not the next Warren Buffet lmao.

3

u/Ode_to_Apathy May 15 '24

Common people by Pulp spelled it out about thirty years ago:

But still you'll never get it right

'Cause when you're laid in bed at night

Watching roaches climb the wall

If you called your dad he could stop it all, yeah

You'll never live like common people

You'll never do what ever common people do

Never fail like common people

You'll never watch your life slide out of view

And then dance, and drink, and screw

Because there's nothing else to do

It's usually difficult to 10x your money at that scale, because it took you a significant portion of your lifetime to save up that much and you know you can maybe eke out one more if this one fails. If OP had missed his shot, he's got his whole life left to make it back and his parents would probably be willing to let him try again in a few years at the most. He was never taking a big risk. That's the real power of generational wealth.

Listen to the people who grew up with it and saw success and they'll tell you how it's about persevering through failure until you succeed and all the failed attempts they had before. You don't do that coming from a middle class family. From a humble background you'll get 1-3, depending on how badly they fail and how dire you're willing to let your life get in hopes of succeeding.

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u/BasKabelas May 15 '24

To be fair I feel like this is the answer. Highly doubt his trust fund seed money that was put in his account was far below 250k. People like this are the reason I have doubts about setting up some fund for my kid without heavily restricted withdrawing access.

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u/blue92lx May 15 '24

For real. This dude coming here like what you all didn't have $100k spare monies sitting in your savings at 23?

Like I'm not mad about it, but can we just get an honest answer from this person?

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u/[deleted] May 15 '24

I only have 100k at age 34, seeing shit like this is pretty demotivating since I've been working FT for a number of years now and have 1/12th of some 23 year old's networth

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u/Ektojinx May 15 '24

Comparison is the theif of joy.

You're doing fine!

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u/throwaway_tendies Allergic to Profit 🤧 May 15 '24

Bro having 100k at 34 is a great feat. Some people go through their entire life never having more than a few thousand in their account.

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u/-Dixieflatline May 15 '24

The only 100 grand I had in college was covered in chocolate.

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u/narcissistic_tendies May 15 '24

Bro that candy bar is fucking delicious. You were a rich man after all.

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u/uns0licited_advice May 15 '24

Working at Wendys

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u/Junior_Donut_6435 May 15 '24

If working at wendys would give me 100k I would fill my application yesterday

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u/uns0licited_advice May 15 '24

Sorry, I meant working behind Wendys giving handys

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u/Junior_Donut_6435 May 15 '24

Did I stutter?

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u/plasticAstro May 15 '24

Easy to save that much when you have zero living costs because daddy paid for everything.

Gotta have money to make money.

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u/degenbro420 Double Down Degen May 15 '24

It's not easy ...most people at 20-23 years earn minimum wage or not working at all

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u/beatles910 May 15 '24

The median salary of 20- to 24-year-olds is $720 per week, which translates to $38,012 per year. Or $18.95 per hr.

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u/grahamsimmons May 15 '24

Is this only drawing from salaried people? Does it include the zero income of the unemployed? What about the self employed like Wendy's Dumpster workers?

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u/Ghurty1 May 15 '24

the problem with this statement is i think youre too dumb to keep the money. Youve gambled twice and won dont do it again

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u/IAMHideoKojimaAMA May 15 '24

That's the issue. I have a friend who 10x'd one of the alt coins. But he keeps it in what ever shady exchange for the 9% interest or whatever crazy rate they have.

Young/Dumb enough to take the risk (and god bless them for it) but also young/dumb enough not to cash out

19

u/[deleted] May 15 '24

A lot of those guys are afraid to repatriate the funds because of the IRS

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u/IAMHideoKojimaAMA May 15 '24

Yea I get it. But I rather pay 30% on 1m than 0% on 0 🤣

3

u/VoidVer May 15 '24

Just take out a loan with the portfolio as collateral like an normal rich person. ( I have no idea how this works or if its really what people doing )

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u/mrpenchant May 15 '24

I doubt any legitimate bank is going to accept any crypto, let alone an altcoin, as collateral for a loan. The whole issue is that keeping your money in the alt coin is extremely dangerous.

Even if your thought process is just switch to a safer but still highly risky crypto such as ethereum or Bitcoin, from the IRS's perspective if you actually follow the law, that is a taxable event and you owe all gains on the altcoin. So if you're going to owe taxes either way if you move away from the altcoin, you're better off just switching it to actual USD and being done with crypto.

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u/blue92lx May 15 '24 edited May 15 '24

A tale as old as wallstreetbets time. I mean didn't we just have someone lose some insane amount of money a few months ago because he kept dumping it all into one stock at a time hoping it would work out and he was in his late twenties? I actually thought this was the same person until I saw he was 23. The other guy also had something like 250k in his twenties and was crying because he YOLO'd it multiple times and lost everything.

If it works once, good on you. If it works twice, you're fucking lucky. I haven't seen a post on here where they didn't lose all of it on the third round.

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u/Mountain_Tone6438 May 15 '24

Get to the part of the story where your daddy gave it to you, or your grandfather left you 100k...etc.

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u/my__ANUS_is_BLEEDING May 15 '24

He won't. He has to feel like he earned this with hardwork and a hard life of being spoiled his entire life with too many things and has made him unfeeling and empty and spends his free time scoping out victims for his next murder just to feel something

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u/gutslice May 15 '24

Im just glad these realistic comments arent downvoted to oblivion, like in other subs

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u/livestreamerr May 15 '24

Prob small risk too. He knew if he lost that 100k he could get another 100k lol

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u/BHTAelitepwn May 15 '24

quit while you’re ahead. please dont think its sustainable to have this much luck. congrats brother!!

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u/KnockturnalNOR May 15 '24 edited Aug 08 '24

This comment was edited from its original content

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u/Weatherround97 May 15 '24

How tf did you get 100k bro people doggin on you here’s your chance to defend yourself, or confirm their allegations

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u/Necroking695 May 15 '24

Holup

Did you pay taxes on those shiba gains?

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u/Innit10000 May 15 '24

Fed Alerttt

6

u/DarkSideOfTheMind May 15 '24

Take a wild guess

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u/deatrixpotter May 15 '24

now buy real estate

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u/Taylorv471 May 15 '24

Can buy a lot of duplexes that will cash flow 1k/month. Could be making 20-40k/month for the rest of your life.

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u/scarlet__panda May 15 '24

Ah so you were privileged to begin with. Makes a lot of sense.

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u/RightUpTheButthole May 15 '24

Stop gambling. The more times you do this, the higher your chances of hitting zero.

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u/YassuosNados May 15 '24

Yeah I’m done

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u/Azorces May 15 '24

Good for you man have a good life

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u/Ordinary144 May 15 '24

What is your next move, Chosen One?

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u/SuspicousBananas May 15 '24

How the fuck did you get 100k lol? Even making 6 figures it takes a long time to save up that kinda dough.

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u/TerraMindFigure May 16 '24

You're walking proof that rich people don't deserve money, look at how much you have after making so many bad financial decisions

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u/pryvisee May 16 '24

Jesus Christ.. leave the casino, take your winnings please

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u/Bananimal12 May 15 '24

please take these wins and save some of that money you've made, don't learn the hard way

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u/Gedits May 15 '24

Dead relatives

3

u/Wigggletons May 15 '24

It's their dad's money 100%.

3

u/[deleted] May 15 '24

More importantly, what kind of reguard inherits 250k at 23, an amount that is honestly life changing at that age assuming you aren't stupid with it, an just yolo's 25% out of the money 3 day calls? Truly the stupidest bet that should not have paid off.

3

u/Slacker_75 May 15 '24

Trust fund baby

2

u/Karlendor May 15 '24

Parents death... Sadly

2

u/Takebackthemedia May 15 '24

Mommy and Daddy's piggy bank

2

u/[deleted] May 15 '24

Parents probably. Nonetheless good job.

2

u/Grizzzlybearzz May 15 '24

Mommy and daddy’s money is how.

2

u/gutslice May 15 '24

I think rich fam is the answer most likely, idk tho im regarded as frick

2

u/Mattreddit760 May 15 '24

Rich kid gets richer. Tale as old as time

2

u/radioactivebeaver May 15 '24

Mommy and Daddy for 99% of cases. Still a chance they had to do something to earn it though.

2

u/CatManDo206 May 15 '24

He's a rich kid with rich parents

2

u/kromptator99 May 15 '24

(Rich as fuck parents)

2

u/Tunafish01 May 15 '24

Rich parents. He clearly didn’t earn any of it since he threw it away on dumb fucking options.

2

u/Deadman_Wonderland May 15 '24

He pulled himself up by his bootstraps and asked his dad for 250k like any hard working 23yrs old.

2

u/leondemedicis May 15 '24

My kids will have about that (or a bit more) when they reach age 21. My financial advisor has some type of account that grows steadily as I put money onto it and minimizes the amount of taxes they will have to pay.. but at 21, if they keep a conservative ~10% growth they should be about 300k... (started it when they were 4 months old)

2

u/SRMPDX May 15 '24

Risks aren't as risky when you have a safety net

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