r/TheRaceTo1Million

Over the past year amassed a decent amount of money from social media, and due to the unpredictability of that income I’ve just been saving. This is about 75% of my NW, apart from cash and other physical assets.

I’m generally not a frivolous person, and due to the nature of my “job” I’m able to get many of my daily necessities (snacks, protein, supplements, even furniture) for completely free. I also currently live with parents, so my expenses even as a (soon to compete) bodybuilder with high food costs are very minimal (about 10% of my income on average).

I’m at a point where I’m feeling more stable with this security blanket, and I’d like to ask for advice from people who have solidified some forms of mostly passive income through investments. Dividends, rental properties, vending machines - what has worked for you to help you generate an additional income source through a decently sized investment and light oversight/management?

What are your best income sources that you were able to stack and manage without creating an overbearing workload?

Nearing $300k at 29 - TC: ~250k

Cash: ~$25k (additional $18k pre-tax bonus clearing in 10 days)
401k: ~$180k (VOO & QQQ; 60/40 split)
RSU’s: ~$40k (stock hasn’t been doing well)
RobinHood: ~$45k (all ETF’s)

I max out 401k every year and invest ~2k monthly into ETF’s in RobinHood. Any recommendations/changes ?

27M, currently have $280k invested and should be well over $300k by EOY with continued contributions and growth. I make around $115k before taxes in MCOL city. Contributions range from 1-2k per month, with a lump contribution at EOY of 10-15k from my annual bonus. My goal is to hit $500k by 30 and $1m by 35. Based on my historical returns and contribution amounts I think this is very reasonable but I am aware the last five years have had historically high returns. Hoping for a temperature check from someone who has been in a similar place as me and how fast you were able to hit $1m.

35M, single. I need to up my game after finding this sub.

Been finding it hard not to take bigger swings lately since I do some single stocks and 65 percent ETFs. Largest single stock is $PLTR at 11 percent of portfolio. I know it'll pay long-term being patient, but I'd like to hit this faster yet don't want to send it to zero. Struggle is real.

Cash - 130k
Investments (Around 380k) with breakdown below
401k - 180k
Company vested stocks - 125k
RH + ETrade (individual stocks, voo, soxx) - 84k

Married, this is my portfolio alone. My annual income is around 200-250k from past 5 years.
Would like to understand good investment strategies..

1. do I hold too much in cash ?
2. is it better to switch to mega backdoor Roth IRA from 401k
3. I lost a 60% value in company stocks due to company stock dip, what are good strategies to think going forward?
4. is it better to invest in ETF’s more ? Or is there a good way to divide it with ratio of etfs, individual stocks
5. any estimate to calculate by when I achieve 1million

Appreciate your responses on any of the questions above.

30M immigrant, only have $11k aud in super and I am so so behind. I see people posting 1mil at like 20 or 25 and I know I shouldn’t be comparing myself with an aussie local. Yet, would like to hear what y’all think about this

This community has been a huge source of inspiration for me, so I wanted to share this for anyone wondering if it can actually be done.

I didn’t start as early as I wish I had and definitely didn’t do everything perfectly but I kept learning, investing, and staying consistent.

Thank you to everyone who shares their journey here. It really does encourage people more than you know.
$1M down. Road to $5M. 😮‍💨🚀

27M So the house i was renting for a few years burnt down in 2024. The landlord built a new house with the insurance money. He then sold the house to me for what he built it for. Which was $385,000. During the time it was being built i had to move back in with my parents which aloud me to save up 80k for a down-payment. So today i owe $299,172 for my mortgage. I got the house appraised and it appraised for $465,000. So if I were to sell my house id essentially pocket around $150k-$200k depending on what it sells for. Which in my eyes would put me alot farther inhead in life. I could use that money as a down payment towards a cheaper house or invest the money. Or should I stay in the house and keep chipping away at the mortgage? Wait till interest rates drop farther and sell sometime in the future? Would like to hear you're thoughts on what would get me closer to 1m net worth faster? Thanks!

EDIT- I have a good stable job making around 110k a year. My mortgage payment including escrow is $2800 monthly. Also am married and have a 1 year old.

Saw this number and laughed at how it was almost exactly a third of 1M. Hopefully I get there soon!

Hey everyone, here is your daily sentiment and technical breakdown for $ANET.

📊 Overall Sentiment: 94.1 (BULLISH+) 🟢

Market sentiment remains extremely strong and firmly in the "Bullish+" territory today, creeping up slightly from yesterday's close.

🔍 Sentiment Breakdown

The overall score is driven by media, social and technical analysis. Here is how they stack up right now

What are your thoughts on $ANET at these levels?

https://www.sentimentick.com/app/ticker/ANET

Most people who followed $CYDY remember March 30, 2021. The FDA publicly stated that CytoDyn's claims about leronlimab were "misleading and not supported by the data", no benefit was shown in COVID-19 treatment trials. The stock dropped 25%+ that day.

What happened afterward was a class action lawsuit covering investors who held $CYDY between March 27, 2020 and March 30, 2022.

A $500,000 settlement has been reached and terms are now submitted to the court for approval.

Who qualifies?

Anyone who held $CYDY during the class period and suffered losses from the alleged misrepresentations about leronlimab's effectiveness for HIV and COVID-19.

Can I still apply?

Yes, you can submit your application now and it will be processed once claims filing officially opens after court approval.

If you were damaged by this don't forget to check your eligibility. GL!

Just turned 30 and tracked my net worth to around $287K. The biggest gain is due to a couple picks that have done very well in my Roth IRA over the last quarter. Hoping to hit $500K in the next few years.

Yes I know I should pay my student loans off but the rates are 3% so I’ve been focusing on investing most of my extra income.

I'm now up +200%!!

Without going into too much detail Ive been fortunate enough that the path life took me down has been a prosperous one. No college education. Still living home because of this stupid housing market. Not married. No kids. No unmanageable debt. No car payment.

I ended up being a bag holder for Amc's run, and still am holding that bag.

Not sure what we count in this group so ill share just the accounts I personally manage. And total networth of about everything that could be added up between crypto, 401k, self managed portfolios, a whole life insurance policy and a inancial institution managed portfolio.

Made some poor purchases with robinhood still stuck holding the bag on them until I see a change.

Ive learned playing the long game really is the best game for my level of smooth brain.

Buy. Hodl. Wait. This is a casino.

But I realllllyyyyyyyy want to make my way to that million before its too late for me