4 ms·
Yes, when you dig a bit these kind of posts they usually got extremely lucky by being at the right company at the right time (enter when it's a startup then mak
by eloisant 5y ago
Yes, when you dig a bit these kind of posts they usually got extremely lucky by being at the right company at the right time (enter when it's a startup then make $$$ with stock options or RSU when the company IPO or gets acquired) or at some point worked at a big tech with a total comp between 300k or 400k.
There is no "secret" like saving or investing the right way.
- icedchai 5y agoThe "secret" is doing it consistently, through good times and bad. You need to consistently save and invest, month after month, year after year, at least 30% of your income. When your account drops 10 - 20%, you need to suck it up and invest more. A friend of mine is on the FIRE path. The first million took him 15 years (this covered the dot-com boom, bust, great recession, and the recovery that followed.) The 2nd, 6 years. The third, less than 2 years (thanks QE / money printing.)