millionaires

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Texag5324
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In reply to Tex117 • 10:54a, 8/6/25
Tex117 said:
Texag5324 said:
Any of you guys hit the millionaire mark primarily based on one big bet on a single stock/crypto like NVDA or Bitcoin?

I hit the millionaire mark last year with the majority of my money in index funds, and looking to be a little more risky with future contributions. Ive been adding to RGTI and TSLA on the dips. Of course, everytime Ive tried to bet on riskier stocks in the past I always lose money, probably a sign just to stick with index funds lol.

So, you want to fix what isn't broken?


Well just looking to add a little more risk since the majority of my portfolio is in "safer" index funds. Of course I will keep adding to the index funds, but also looking to add some play money into riskier assets. Ive done well with Bitcoin, but didnt contribute enough initially for it to really make a difference overall.
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Caliber
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In reply to Texag5324 • 10:57a, 8/6/25
AG
Texag5324 said:
Any of you guys hit the millionaire mark primarily based on one big bet on a single stock/crypto like NVDA or Bitcoin?

I hit the millionaire mark last year with the majority of my money in index funds, and looking to be a little more risky with future contributions. Ive been adding to RGTI and TSLA on the dips. Of course, everytime Ive tried to bet on riskier stocks in the past I always lose money, probably a sign just to stick with index funds lol.

No, but like you, I have started to take a few small bets on things like quantum stocks. Not enough money to really changes much if they were in the Index funds, but enough that if only one of them hits it could make a big difference.

The significant majority still goes to the "boring" stuff that got me this far.
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Texag5324
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In reply to Caliber • 11:01a, 8/6/25
Caliber said:
Texag5324 said:
Any of you guys hit the millionaire mark primarily based on one big bet on a single stock/crypto like NVDA or Bitcoin?

I hit the millionaire mark last year with the majority of my money in index funds, and looking to be a little more risky with future contributions. Ive been adding to RGTI and TSLA on the dips. Of course, everytime Ive tried to bet on riskier stocks in the past I always lose money, probably a sign just to stick with index funds lol.

No, but like you, I have started to take a few small bets on things like quantum stocks. Not enough money to really changes much if they were in the Index funds, but enough that if only one of them hits it could make a big difference, basically play money but enough that it could be a real change.

The significant majority still goes to the "boring" stuff that got me this far.

Your approach is basically what Im trying to do now. I add around 80% of future money to index funds and 20% to the riskier plays. If the risky stuff takes off then great, if not then I will be fine.
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2012Ag
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11:19a, 8/6/25
AG
This used to be a great thread.

Wondering if mods can delete last few pages.
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62strat
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In reply to Texag5324 • 12:46p, 8/6/25
AG
Texag5324 said:
Any of you guys hit the millionaire mark primarily based on one big bet on a single stock/crypto like NVDA or Bitcoin?

I hit the millionaire mark last year with the majority of my money in index funds, and looking to be a little more risky with future contributions. Ive been adding to RGTI and TSLA on the dips. Of course, everytime Ive tried to bet on riskier stocks in the past I always lose money, probably a sign just to stick with index funds lol.

I don't have a single thing that blew up, but when we cashed out my wife's TRS and her only 401k in 2016, I invested in only 5 things. She only had one investment in her fidelity, about $7k in fffgx.

So I added this chunk of change, it was ~35k, and in late '16/early '17, I bought $6k aapl (added $5k more in 2020), $5k fselx, $10k cost, $6k nflx (added $8k more in 2020), and $7k fncmx. I haven't sold or added $1 of any of it since.

It's over $300k today in just 8-9 years.


I have 16 years until retirement which is two more 8 year periods. If it grows the same %, I'll be pretty happy.. but hell if has that growth twice, good lord.
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Ducks4brkfast
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In reply to 62strat • 1:03p, 8/6/25
AG
62strat said:
Texag5324 said:
Any of you guys hit the millionaire mark primarily based on one big bet on a single stock/crypto like NVDA or Bitcoin?

I hit the millionaire mark last year with the majority of my money in index funds, and looking to be a little more risky with future contributions. Ive been adding to RGTI and TSLA on the dips. Of course, everytime Ive tried to bet on riskier stocks in the past I always lose money, probably a sign just to stick with index funds lol.

I don't have a single thing that blew up, but when we cashed out my wife's TRS and her only 401k in 2016, I invested in only 5 things. She only had one investment in her fidelity, about $7k in fffgx.

So I added this chunk of change, it was ~35k, and in late '16/early '17, I bought $6k aapl (added $5k more in 2020), $5k fselx, $10k cost, $6k nflx (added $8k more in 2020), and $7k fncmx. I haven't sold or added $1 of any of it since.

It's over $300k today in just 8-9 years.


I have 16 years until retirement which is two more 8 year periods. If it grows the same %, I'll be pretty happy.. but hell if has that growth twice, good lord.

To double over 16 years only requires a 4.43% annual growth rate. Very achievable.
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GeorgiAg
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In reply to EliteZags • 1:06p, 8/6/25
AG
I met some Texas folks on a dive boat in Cayman. My ex and I hit it off with them on the dive trip and they invited us to a later trip in Turks & Caicos. At the time they were in Exclusive Resorts which has very high end resort properties around the world.

They liked it so much they bought a 5 br condo in T & C. Next Exclusive Resorts trip we went with them was onboard a ship called "The World." It is a cruise ship sized ship that has apartments on it that people own. The people on the ship kinda looked down on the ER people, but that is primarily how they got new owners.

We flew to Japan/Singapore/Lankawi, Malaysia where we met the ship. The ship then took us to ****et where we hung out for a few days and did scuba. We did not have to go through customs; it was all done by staff behind the scenes. There was a table right before you left the ship where you could get the local currency, Baht, that they would just charge to your account.

The ship then took us up the Andaman Sea where we stopped at an uninhabited half-moon shaped island. The back of the ship folded down and we got on inflatable power boats and they shuttled us to the island. We snorkeled an explored all day. There was a tent with food, drinks, medical, etc. and you could go back to the ship at any time.

We went back to the ship and showered and got cleaned up. We then went back to the Island where there was amazing food on the beach with tiki torches and a sommelier on the beach for your wine selection. In. the. middle. of NOWHERE on an uninhabited island.

We then stopped off and went to a village of Thai boat people who could not stop gawking at the ship that they had never seen that size before. People joked about "Millionaires touring poverty." We had a anthropologist come on board and give us like a "TED talk" on the boat people.

We then went to Yangon, Myanmar and toured around with a government "minder." We had to leave and fly home, but the boat stayed for few days and some people did hot air balloons over Bagan in Myanmar. The ship just continues on, around the world to everywhere. The owners (you) decide where you go. The food on board the ship is reasonable, because the owners own it. I priced out a Heineken at $0.50. The restaurants onboard are amazing.

So that's how ultra millionaires/billionaires live. I don't know how wealthy they are, but their father gave away over $20 million his college.

They liked the trip so much they bought a two BR, two BA condo onboard. Almost all apartments have a full kitchen, as if these people cook. Also met the ship in Bora Bora and we cruised all around French Polynesia - Moorea, Taha'Ah, etc.

Multiple pools, swim, tennis, golf simulator. There are people from all over the world onboard and you can google them. One guy from the Congo has a video calling him the Merchant of Death. One was the daughter of a famous Australian model that we toured Yangon with. I went scuba diving with the Merchant of Death and his Israeli wife in ****et. The head roadie for Iron Maiden happened to be on the boat too.

Got other stories but that's enough. Those were the crazy ones.

Sooo, if I ever get up over 8 figures, I know what I'm gonna do. I have a bunch of crazy pics.

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62strat
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In reply to Ducks4brkfast • 1:30p, 8/6/25
AG
Ducks4brkfast said:
62strat said:
Texag5324 said:
Any of you guys hit the millionaire mark primarily based on one big bet on a single stock/crypto like NVDA or Bitcoin?

I hit the millionaire mark last year with the majority of my money in index funds, and looking to be a little more risky with future contributions. Ive been adding to RGTI and TSLA on the dips. Of course, everytime Ive tried to bet on riskier stocks in the past I always lose money, probably a sign just to stick with index funds lol.

I don't have a single thing that blew up, but when we cashed out my wife's TRS and her only 401k in 2016, I invested in only 5 things. She only had one investment in her fidelity, about $7k in fffgx.

So I added this chunk of change, it was ~35k, and in late '16/early '17, I bought $6k aapl (added $5k more in 2020), $5k fselx, $10k cost, $6k nflx (added $8k more in 2020), and $7k fncmx. I haven't sold or added $1 of any of it since.

It's over $300k today in just 8-9 years.


I have 16 years until retirement which is two more 8 year periods. If it grows the same %, I'll be pretty happy.. but hell if has that growth twice, good lord.

To double over 16 years only requires a 4.43% annual growth rate. Very achievable.

double?
You must have read my post wrong.
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Ducks4brkfast
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In reply to 62strat • 1:38p, 8/6/25
AG
I did
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oilythrowaway
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10:55a, 8/7/25
Here is my update:

Age: 35
Net worth: $2.1-2.4MM (depends on valuation method of business equity)
Asset Breakdown:

Highly Liquid Assets:

Cash: $10k (running lean after recent investments, may pull some cash out of other areas soon)
Brokerage Accounts: $19k
Crypto: $430k

Moderately Liquid Assets:
Roth IRA: $171k
401ks: $613k

Highly Illiquid Assets:
Equity in Day Job: $229k-559k, depends how you value it. We would not sell the business for the lower end of the valuation, that is only what I have paid in, but the upper end is probably a bit optimistic. I will eventually be getting quarterly distributions from this rather than having an exit event most likely.

Side Business Loan: $184k I should maybe mark this down, things started out going great but have been rockier lately. Loan is structured as interest only payments, I have received $116k in interest but principal is untouched. Right now they are in a cash crunch and I'm not positive I will be made whole in the long run. I am not counting any future interest payments in the valuation of this, only the principal of the loan.

Home Value: $890k

Total Assets: $2,546k - $2,876k

Liabilities:
Mortgage: $425k

Net Worth: $2,121k - $2,451k


My net worth has been driven by an extremely lucky investment into crypto, and a good job. My crypto cost basis is around $6000. My job has had two exit events that netted me upper-6 figures each. Getting divorced cost me significantly. If I had the money I paid out from that invested, I would be well above $3MM at this point, probably close to $4MM. I've never done the math on that, it would only be self-flagellating.

I have never lived particularly frugally and I am in some ways paying the price for that. If I traveled less extravagantly and didn't spend so much, I could be in a better position financially, but overall I am happy with my progress. I think my portfolio is pretty risky but I have begun rebalancing to shift to a slightly more traditional approach since I am on the back half of my 30s now and may want to have kids in the not-too-distant future.

Side note: I started using Monarch Money to track all my accounts earlier this year and have really been happy with it. I am not going to post my referral link since this is a sock account but I recommend looking into it. They routinely run sales where the first year is pretty cheap.
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Cyp0111
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10:13p, 8/7/25
I've had a lot change, I was very fortunate this year to get the nod to MD on my desk. The change in comp was more than I was expecting ( never got a good handle from my prior boss I replaced). However, bonus came in considerably higher than I was expecting in the 7 figure plus range.

Still 40, closing in on $9mm. I think I got 7-8 years in the tank, the goal is $15-20mm god willing and exit stage left in mid-late 40s. A lot of road to cover and a lot can go wrong but for now, I'm seeing the 17 year of grind pay off. The balance and struggle now is enough and making sure I do not miss too much with my young kids.

Investments: $6.7mm
$1.5 pre-tax
$5.2 post-tax

Home equity: $750k
Real Estate: $500k
Cash:$750k
Random Stuff the difference
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Spaceship
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In reply to Cyp0111 • 10:14p, 8/7/25
AG
Cyp0111 said:
I've had a lot change, I was very fortunate this year to get the nod to MD on my desk. The change in comp was more than I was expecting ( never got a good handle from my prior boss I replaced). However, bonus came in considerably higher than I was expecting in the 7 figure plus range.

Still 40, closing in on $9mm. I think I got 7-8 years in the tank, the goal is $15-20mm god willing and exit stage left in mid-late 40s. A lot of road to cover and a lot can go wrong but for now, I'm seeing the 17 year of grind pay off. The balance and struggle now is enough and making sure I do not miss too much with my young kids.

Investments: $6.7mm
$1.5 pre-tax
$5.2 post-tax

Home equity: $750k
Real Estate: $500k
Cash:$750k
Random Stuff the difference

What industry are you in?
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Cyp0111
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In reply to Spaceship • 10:14p, 8/7/25
Sales and Trading
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Less Evil Hank Scorpio
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In reply to Cyp0111 • 10:15p, 8/7/25
AG
Cyp0111 said:
I've had a lot change, I was very fortunate this year to get the nod to MD on my desk. The change in comp was more than I was expecting ( never got a good handle from my prior boss I replaced). However, bonus came in considerably higher than I was expecting in the 7 figure plus range.

Still 40, closing in on $9mm. I think I got 7-8 years in the tank, the goal is $15-20mm god willing and exit stage left in mid-late 40s. A lot of road to cover and a lot can go wrong but for now, I'm seeing the 17 year of grind pay off. The balance and struggle now is enough and making sure I do not miss too much with my young kids.

Investments: $6.7mm
$1.5 pre-tax
$5.2 post-tax

Home equity: $750k
Real Estate: $500k
Cash:$750k
Random Stuff the difference


F yeah dude. Did you do anything cool with that bonus?
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EliteZags
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In reply to Cyp0111 • 10:51p, 8/7/25
AG
Cyp0111 said:

Still 40, closing in on $9mm. I think I got 7-8 years in the tank, the goal is $15-20mm god willing and exit stage left in mid-late 40s


I think this market alone could get you there in 5
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Cyp0111
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In reply to Less Evil Hank Scorpio • 11:25p, 8/7/25
I bought my wife an Escalade and took my team and their spouses to Vegas. Saving everything else.
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Ag92NGranbury
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In reply to Cyp0111 • 10:47a, 8/8/25
AG
Cyp0111 said:
Sales and Trading

Is that like importing/exporting?
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Fredd
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In reply to Cyp0111 • 11:14a, 8/8/25
AG
Congrats man!

For some reason, the whole time I've followed you I thought you were in O&G
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LMCane
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In reply to Texag5324 • 11:19a, 8/8/25
Man I was literally thinking to post about this exact subject.

for 54 years on the planet I have been conservative about saving and investing so that I am now about 1.4 million liquid.

but now the FOMO and seeing all the new money guys makes it difficult to just be able to retire early but still live a middle class existence.

when there is an Israeli tech company that just sold to CrowdStrike for $25 Billion last week- hard to just buy a few shares of SPY and stocks.

on the other hand, slow and steady is better than quick and broke!

I would still like to be able to find some private equity I could buy in for $50,000 before an IPO
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AgOutsideAustin
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In reply to Ag92NGranbury • 11:23a, 8/8/25
AG
Ag92NGranbury said:
Cyp0111 said:
Sales and Trading

Is that like importing/exporting?


Yes it is.
-G. Costanza
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YouBet
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In reply to Cyp0111 • 1:25p, 8/8/25
AG
7 figure bonus. GD!!

Your bonus is higher than most Net Worth on here.
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BenTheGoodAg
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In reply to YouBet • 1:32p, 8/8/25
AG
YouBet said:
7 figure bonus. GD!!

Your bonus is higher than most Net Worth on here.


Only as long as he spends it on any asset besides a house.
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BenTheGoodAg
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In reply to Cyp0111 • 1:36p, 8/8/25
AG
And that is a fantastic job. Well freaking done!
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Cyp0111
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In reply to Fredd • 1:57p, 8/8/25
Sales and Trading in energy commodities to be specific
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Diggity
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1:58p, 8/8/25
AG
Vitol?
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Cyp0111
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In reply to YouBet • 1:59p, 8/8/25
Yes, I'll be honest, still in shock. I've been paid well for the better part of a decade. I'm very greatful a few people pushed me to a role I didn't think I was ready/capable of at the time.

It was earned in the sense I sacrificed a lot but it does change the trajectory of my life/kids if I can keep this going.
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YouBet
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In reply to Cyp0111 • 2:06p, 8/8/25
AG
Cyp0111 said:
Yes, I'll be honest, still in shock. I've been paid well for the better part of a decade. I'm very greatful a few people pushed me to a role I didn't think I was ready/capable of at the time.

It was earned in the sense I sacrificed a lot but it does change the trajectory of my life/kids if I can keep this going

My wife and I had one year where our total gross family income was >$1M and I was in shock that year and then in shock again when I had to pay that tax bill.

Will never hit that again and can't even fathom doing that with just the bonus.
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GeorgiAg
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2:12p, 8/8/25
AG
Wow congrats to you relatively young guys who are crushing it! Some luck but I bet a bunch of hard work. (I work hard but have definitely been fortunate too)

I don't think anyone reading those guys crushing it should get down about it. They are gonna be the 1%. (Ok guys, we need some NIL funding - ha)

Just by virtue of being on a business & investing page on a college website, we are all likely well above the general population in net worth just by the fact that we are here caring about net worth. Most people live paycheck to paycheck.

Quote:
Here are the net worth percentiles in the USA for 2025:
  • Top 1%: $11,600,000
  • Top 2%: $2,700,000
  • Top 5%: $1,170,000
  • Top 10%: $970,000
  • ]Top 50%: $585,000

That's reassuring but also kinda scary. Lotsa folks out there just raw dogging life.

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Proposition Joe
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In reply to GeorgiAg • 2:31p, 8/8/25
Agreed that I think this board is a very select group to compare yourselves to. I also think that for this group (educated, somewhat high earners) as long as you have a sound strategy, the total number really doesn't wind up being that important... Unless you have dreams of private jets and lavish vacationing, we're all going to hit a number that will be plenty fine for retirement.
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GeorgiAg
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In reply to Proposition Joe • 2:58p, 8/8/25
AG
I have a couple lawyer buddies and went quail hunting recently. The guy who organized the trip was at a really successful, established plaintiffs firm and then went out and opened his own firm. He hits 7 and 8 figure verdicts on the regular. He flew down to the quail hunt in his own plane which he pilots. My other lawyer friend said was in a conversation with some of the guys in the original firm. They were talking about one of the old partners retiring and said he had spent too much money and was "only" gonna have about $10 million in retirement.

My friend and I had a little nervous chuckle over that. Uh....
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sockerton
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11:02a, 8/13/25
Hit 4.4MM net worth today. 40 yo, married, 3 kids, dual income W2 jobs, "boglehead" - 100% in index, no financial advisor, no inheritance.

I know there's always the debate between two side of either eating rice & beans not going on any vacations and the other side of living life to the fullest. With this real world data I wanted to share that you can adjust your strategy overtime and not lock into one way of life. Build up your reserves for compounding as early as you can so you can relax.

Percentage of gross income saved over time from when I started tracking this metric.

2016 34.6%
2017 41.7%
2018 43.2%
2019 43.9%
2020 40.1%
2021 31.1%
2022 46.1%
2023 35.4%
2024 33.7%
2025 25.7%
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Tex117
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In reply to LMCane • 11:50a, 8/13/25
AG
LMCane said:

but now the FOMO and seeing all the new money guys makes it difficult to just be able to retire early but still live a middle class existence.


Meh, the market has been on a rip since 2020 for the most part. Everyone looks like a g-damn genius when the market is hot.

There will be a recession. 100%. That's when your investment strategy really starts to matter (and why there is a reason that the long term plays of buying index funds that track the S&P (as suggested by Warren Buffett), out performs just about everything over the long term.
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LMCane
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In reply to Texag5324 • 12:32p, 8/13/25
you can get into crypto derivatives which are not as expensive or risky

Microstrategy, coinbase, CIRCLE, BULLISH

I started buying BTC back in 2017.
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bagger05
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In reply to sockerton • 12:44p, 8/13/25
AG
sockerton said:
Hit 4.4MM net worth today. 40 yo, married, 3 kids, dual income W2 jobs, "boglehead" - 100% in index, no financial advisor, no inheritance.

I know there's always the debate between two side of either eating rice & beans not going on any vacations and the other side of living life to the fullest. With this real world data I wanted to share that you can adjust your strategy overtime and not lock into one way of life. Build up your reserves for compounding as early as you can so you can relax.

Percentage of gross income saved over time from when I started tracking this metric.

2016 34.6%
2017 41.7%
2018 43.2%
2019 43.9%
2020 40.1%
2021 31.1%
2022 46.1%
2023 35.4%
2024 33.7%
2025 25.7%

This is badass. If you were going to only focus on one metric this one might be the highest leverage. Congrats. This is awesome.
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bg92
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1:10p, 8/13/25
AG
Hit another milestone today. Just simply lived below means and saved consistently.

One piece of advice for the younger readers of this thread is to keep it simple. Over the years, I used different diversification strategies, bought and sold some individual stocks, and kept too much company stock from ESPP and equity comp. After 30 years, I estimate that if I had just invested every dollar in an S&P500 Index, I would probably have a 30% larger net worth. That is not insignificant.

Keep it simple with the majority of your savings and then experiment with individual stocks or crypto with a smaller portion of your money.

I do acknowledge that the combo of national debt, crypto, and AI do make things hard to grasp moving forward, but I still think the simple path makes the most sense.
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