A 38-year-old Redditor with $3.5 million net worth seeks advice on reaching $50 million. He notes a decade of diligent saving and investing but doubts his current trajectory will achieve such wealth. Several other Reddit users concur, explaining the rarity of hitting $50 million solely through saving and investing. They emphasize that attaining that wealth usually necessitates exceptionally high earnings, taking substantial investment risks, or launching a business with significant success. Despite his concerns, reaching a $10 million net worth by age 50 remains a commendable goal for the Redditor.
The Reddit user expressed confusion over how others scale wealth to $50 million, acknowledging that merely saving and investing won’t achieve that level.
Many Redditors highlighted that reaching $50 million is exceptionally challenging, often requiring high income, significant risk-taking, or building a highly successful business.
It's clear that turning $3.5 million into $50 million in about ten years through conventional investing strategies is almost impossible.
The user, who is 38 with a net worth of $3.5 million, anticipates reaching around $10 million by age 50 through prudent investing.
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