"If you have even spent just a small moment trying to think about your financial future, there is a good chance you've thought about the number you need to retire. Depending on your age, this number is going to vary, pretty significantly, but there is still a number people want to hit. In the case of this Redditor posting in r/dividends, there is a desire to hit $400,000 in total investments by the age of 30."
"Alternatively, it's their experience that outside of the United States, they are seeing others invest in QQQ, the S&P 500 and some cryptocurrency investments, and only have around $30,000 in total investments. What's more notable is that they are shocked to see that some 30-year-olds in the United States already have more than $400,000 invested. This leads directly to the question of how?"
A Reddit user in r/dividends aims to have $400,000 in total investments by age 30 and compares savings patterns between Americans and non-U.S. residents. The user notes Americans sometimes report over $400,000 invested at age 30, while peers outside the U.S. often have around $30,000. Reported U.S. investors may contribute approximately $40,000 per year into ETFs such as QQQ or the S&P 500, producing returns that could accelerate balances. Potential explanations include higher U.S. salaries, inheritance, family assistance, real estate, business income, or other sources of wealth. The user seeks realistic pathways and timelines for non-U.S. individuals to reach similar investment levels.
Read at 24/7 Wall St.
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