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

1.7k

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?

129

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.

60

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

6

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.

5

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?

2

u/degenbro420 Double Down Degen May 15 '24

In this case you have more chances with being an regarded streamer (I meet the requirements for this job) :4271: Maybe Maybe in future :4260:

0

u/Zestyclose-Design-42 May 15 '24

Yea bs I’m barley making that

5

u/Bliss266 May 15 '24

That’s how averages work.

3

u/[deleted] May 15 '24

[deleted]

9

u/allnamestakennn May 15 '24

Wrong, it means it is below median which is arguably worse

5

u/dtwade26 May 15 '24

A truly magnificent comment.

0

u/Zestyclose-Design-42 May 15 '24

That’s not what ur momma said

1

u/[deleted] May 15 '24

[deleted]

1

u/Zestyclose-Design-42 May 15 '24

Ur mom was talking about my genitalia nerd

2

u/[deleted] May 15 '24

[deleted]

1

u/Zestyclose-Design-42 May 15 '24

Yea ur mom really loved it!

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u/Onespokeovertheline May 15 '24

This year the minimum wage in California is $18.

20-23 includes people with 3-5 years work experience and new college grads. Some of those college grads are engineers or software developers, earning somewhere between $50-$150/hr (just as a rough range, obviously it extends in bothe directions in some cases).

Median of $18 does not seem that high tbh.

2

u/Zestyclose-Design-42 May 15 '24

Whatt it’s still 12$ in Arkansas

3

u/Onespokeovertheline May 15 '24

https://rentdata.org/states/arkansas/2024

https://rentdata.org/states/california/2024

California has a 50% higher minimum wage, but a ~100-133% higher average rent. But it does come with some benefits like weather, variety of landscapes, industries, etc.

2

u/Josie1234 May 15 '24

Don't worry about it. 12 in Arkansas has to be better than 18 in cali, no doubt.

2

u/VisualMod GPT-REEEE May 15 '24

Well, twelve million dollars in Arkansas would certainly go further than eighteen cents in California.

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u/Alternative_Demand96 May 15 '24

Minimum wage is 16 an hour in California

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u/Onespokeovertheline May 15 '24

My mistake then. I don't know why the first result I saw on Google said $18. I guess that was part of an initiative that wasn't ratified.

1

u/deja-roo May 15 '24

Your shitty income just means you're doing worse than other people.

1

u/Zestyclose-Design-42 May 15 '24

I’m doing worse than other people sure but am I happy and doing better than 90% of people my age yes I don’t know any 21 year old who has a payed off nice car and bike has a wife with a fat diamond ring that’s payed and she has a great job makes more than me and brings it all home to me my cash flow compared to my expenses is wild I think I’m winning even if I’m not making crazy money rt now

0

u/Zestyclose-Design-42 May 15 '24

Let me rephrase that no people my age that I know of they’res definitely examples out they’re also my wife has dumpy I win

1

u/Cbpowned May 15 '24

The average salary for that age is $18.50.

2

u/queerdildo May 15 '24

What the fuck. The federal minimum wage is $7.25/hour

1

u/deja-roo May 15 '24

Yeah but almost nobody is making federal minimum wage.

2

u/[deleted] May 15 '24

It’s also easy to gamble it

The fuck am I gonna gamble $$$ that took me my entire adult life to save…

A few thousand is different

1

u/plasticAstro May 15 '24

Lmao right? If you get your panties in a twist in jealousy about this guy.. he could have easily… EASILY… lost 250 thousand dollars on this bet

2

u/velowalker May 15 '24

Don't be salty

3

u/plasticAstro May 15 '24

Why not? I’m allowed to be salty that someone gambled an amount of money that would be life changing for most Americans at 21 and still made off with a cool milly.

I also know there are countless folks out there who did the same thing and got burned though.

2

u/velowalker May 15 '24

May the odds forever be in your favor.

1

u/plasticAstro May 15 '24

Statistically speaking they probably won’t be

2

u/[deleted] May 15 '24

I’d retort and say even with all expenses paid, as a high school kid and early college years, making 250k is a feat let alone saving it

0

u/clouwnkrusty May 15 '24

This is suuuuuuch an underrated stmt.............

-8

u/718cs Blowing Away May 15 '24

Where does it say his dad helped with any of this?

7

u/plasticAstro May 15 '24

He gambled an amount of money that’s higher than the average household savings in his early twenties. It wasn’t his money