How to make 500k reddit. Enough to make the payments and not be house poor.

How to make 500k reddit Don't feel the need to make rash decisions with this money, and hey maybe you look into low risk investment options to let that money grow a touch more while you do formulate a plan. In reality, my income started fairly low but ballooned significantly higher than expected, and when I left the Bay Area FAANG life I managed to wrangle a job that paid roughly $500k (50/50 salary and stock) and let me live in a MCOL city. Now that you have your end goal, you need to start with what capital you have. What you can get vs what you can comfortably afford are not always the same. But, it may have been dilapidated or in a rural area, I didn't focus on the specific area, just grabbed a listing to make my point. I didn't expect to make 3-4x what my dad brought in, or 10x what my sibling does. You also may not have the opportunity to see or do the things you may have wanted (at least in the short term). Retire early at 45 with enough funds to support what you make now into forever. Bye & Hodl. Use your base pay to live off of and have fun. Your salary wont cut it. Lambos might also be more expensive because of the season at the minute. Try to save a % of your income rather than a $ value, that way when your income goes up so does your level of saving. Long answer: it is very, very difficult to do so as an employee. Outside of hedge funds, getting $500k at 10 YoE is pretty do-able at top tech companies. Short answer: yes, it is possible. This is the way. Well I'm not sure that is the whole picture. Jan 17, 2025 · However, I recently discovered how I can consistently make $500K a year in the stock market, with limited loss, if any. Open a McDonalds franchise in a good area. Similarly for the giulia 2017 (120k, sold for 500k). I sell a SaaS product. If you make 800k you could hire an accountant/financial advisor to save you tens of thousands if not hundreds of thousands. Made $700K last year and will make more like $850K this year. And figure out how to get there. Retire early or in later years very wealthy and able to pass down the same gift to your family. I would take the profits on the shit coins and hold both btc and eth. There will always be some opportunity for smart people to make $300-500k (and, in outlier cases, an order of magnitude or two more) on Wall Street. Enough to make the payments and not be house poor. The appeal of IB is all about options. You can follow this to create a stable income. If you are a competent owner, your clinical income can reach those levels. This is a post to make you earning enough to live in ASAP. I would sit down with your wife and EDIT: For everyone commenting about how the first house would be priced a lot higher, at the time of my writing this comment, that picture came from a real Zillow listing for around 500k in California. Dont do a ten year residency. So if you put 20% down on 500k you should make 133k per yr. People who are making 500k+/year working for themselves, what do you do? Be specific and share as much detail as possible while answering what helped you get there. Delayed gratitude in this case will turn 500k into a large fortune. The likelihood of btc hitting six figures is higher than a shitcoin getting you there. Depends heavily on the type of sales but this is a rosy description of even the cushiest sales job, and if it's super easy and steady then it probably doesn't pay all that well. You’ll fit right in. So to emphasize: Car dealer and looking at trends will make you a good amount. Paint your toe nails and shave them. Jul 2, 2024 · Key Takeaways. But to make over $500,000? $1,000,000? It is possible to make $500k right out of college by working at hedge funds but they are very competitive. Several in my group are in the 500k+ range. I join a monthly meeting of private practice docs as I plan to open up my own practice soon. Diversify Your $500k: Split your investment across assets like real estate, stocks, and bonds to create a diversified portfolio. Transfer funds every year to max out a Roth IRA. I don’t plan on getting anything expensive other than just replacing some old broken things and such. I wouldnt take a loan more than 3x (maybe 3. You all already know it. If you make 80k you don't have as much to work with. Make money from medicine and then make smart investments. In GTA Online, earning is different. 5x) my salary. Above >500k, it’s hard to make much more without thinking outside the box (real estate/own your building, side gigs, employ other docs/midlevels). ; Explore a Variety of Investments: Mix traditional choices with ETFs, REITs, mutual funds, and alternative assets like artwork for potentially higher returns. There's almost no way to run out of money in story mode after the game ends. The BRRRR method is derived from "Value-Add Strategy" in Commercial Real Estate. High frequency trading software developers have an unbelievable bonus package, which if you perform well you can make a lot more than 500k a year. Sales. Add in some inpatient work and procedures and you'll get close to 500k in clinical income alone. You can also earn more money in the stock market. You'll make a few grand no matter what using that method during the squeeze. Since you’re in tech make that 12 months of expenses so roughly $100k in a HYSA on top of your CDs/investments and $10k cash. It turned I to a lotto and the non compete clauses make it very hard to jump ships. There will be some variability among all of those, but if you're talking about making $300K/$500K/$1M in total comp by the time you're 30/35/40, that's likely your fastest path. It used to be the case that you needed to be in the Bay Area to get these jobs - now that is somewhat changing as many of those companies are opening up remote Its easy if you have $1M. This isn’t a post to make you a millionaire. The only way to effectively guarantee your way into tens of millions is to live on as little of that $500k as you can comfortably live on, and invest the rest in the broad market index fund of your choice. It's a clear path to money, experience, and exits; it is a checkmark and an accelerator. From the sounds of it you don't need the money right now, but you do want to make sure you make a smart move with the money. But that doesn’t mean you can’t work on other strategies to grow further. . It seems a bit silly, but you put up with a ton of bs early in your career so you can put up with less bs later. Example purchase investment properties that you can easily rent out and collect money. TLDR; actuaries make good money in general, but how can they grow to make absurd money (beyond $500k) I first got into the career of being an actuary, like most, in college because I was told that I would make good money by passing exams and it would be very stable. Money makes money. Dec 28, 2024 · The path to $500k+ in sales typically involves either: Enterprise Software/SaaS Sales - Top enterprise Account Executives at companies like Salesforce, Oracle, or AWS can clear $500k+ with strong performance. You need to buckle down and save for 6-9 months then you can start doing everything you want. It’s all about risk management. Now, we're very privileged with income and our financial position and I'd be hard-pressed to save $500k in 5 years, so setting a goal is all good, but don't make it so unrealistic that you'll give up trying. The question is whether it will be the same specialty, 10 years down the road, as it is now. Reply reply With story mode, you should be set up to make at least 500k income every day on each of Franklin, Michael and Trevor. Systems engineers make a good amount if you’re wanting to stay in the technical line Engineering managers can make a good amount for a traditional “moving up” approach Engineering sales can make fucking bank on commission if you’re in the right company and field, but of course you need to actually be a good salesman. You can get 5x your salary but thats really stretching it. Thats how much. The industry has become very consolidated and cut throat and it’s not that easy to get into it anymore. For someone with a $500k income you need to have a 6-12 month emergency fund. Oct 17, 2024 · In this article, I’m going to break down the best way to invest 500k — including variations to help you develop a strategy that fits your needs, including how to invest half a million dollars in a way that can help set you up for financial success for the rest of your life. The world is yours with enough starting capital. TLDR: The way to win is incredibly simple. I made a good chunk of money buying the 124 spider for 25/35 at the autoshow and having people buy it out for 300k. You can always redo the heists. rnlu fpdz kcds gmmi stc zqoyo eccfwoe yqufb lfvlsy laulrgpf