37-Year-Old Who 'Grew Up Poor' Hits $1 Million Net Worth in 10 Years, Shares Stock Portfolio and Career Tips: Top 7 Stocks, ETFs

Benzinga11-16

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The U.S. stock market remains one of the most efficient ways to increase wealth despite short-term ...

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The key here is, you guessed it, staying invested for the long term.This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes and you only need $100.Commercial real estate has historically outperformed the stock market and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!Trending: Wondering if your investments can get you to a $5,000,000 nest egg?Since career success and a high salary were key to his financial rise, he was asked how he climbed the corporate lad","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PSQ":"纳指反向ETF","SNVD.UK":"LS -1X NVIDIA",".IXIC":"NASDAQ Composite","AAPL":"苹果","NVD2.UK":"2X NVIDIA ETP","LU2357125470.USD":"BNP PARIBAS ENERGY TRANSITION \"CLASSIC RH\" (USDHDG) ACC","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","NVD3.UK":"LS 3X NVIDIA","TQQQ":"纳指三倍做多ETF","VOO":"Vanguard标普500ETF","LU1582986433.USD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (USDHDG) INC","NVDS.UK":"LS -1X NVIDIA","NVD":"GraniteShares 2x Short NVDA Daily ETF","NVDD":"Direxion Daily NVDA Bear 1X Shares","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","LU1670711040.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) ACC","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","NVDS":"Tradr 1.5X Short NVDA Daily ETF","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","LU0690374961.EUR":"FUNDSMITH EQUITY \"R\" (EUR) INC","QID":"纳指两倍做空ETF","NVDU":"Direxion Daily NVDA Bull 2X Shares","FDN":"First Trust Dow Jones Internet I","AMZN":"亚马逊","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","SPOT":"Spotify Technology S.A.","LU1035775433.USD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (USD) INC","NVDX":"T-REX 2X LONG NVIDIA DAILY TARGET ETF","IE00B5TLWC47.USD":"BNY MELLON LONG-TERM GLOBAL EQUITY \"B\" (USD) ACC","NVDY":"YIELDMAX NVDA OPTION INCOME STRATEGY ETF","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","SQQQ":"纳指三倍做空ETF","3NVD.UK":"LS 3X NVIDIA","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","MSFT":"微软","QLD":"纳指两倍做多ETF","2NVD.UK":"2X NVIDIA ETP","LU2461242641.AUD":"WELLINGTON US QUALITY GROWTH \"A\" (AUDHDG) ACC","NVDA":"英伟达"},"translate_title":"37岁“贫困长大”的人在10年内净资产达到100万美元，分享股票投资组合和职业建议：排名前7的股票、ETF","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":1,"AMZN":1,"MSFT":1,"NVDA":1,"VOO":0.9,"FDN":0.9,".IXIC":0.9,"SPOT":0.9,"NVD":0.6,"NVD2.UK":0.6,"NVD3.UK":0.6,"NVDD":0.6,"NVDS":0.6,"NVDS.UK":0.6,"NVDU":0.6,"NVDX":0.6,"NVDY":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"SNVD.UK":0.6,"SQQQ":0.6,"TQQQ":0.6,"2NVD.UK":0.6,"3NVD.UK":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.\nThe U.S. stock market remains one of the most efficient ways to increase wealth despite short-term fluctuations. Historical data shows that a $1,000 investment in U.S. equities, even at tough entry points like the 2007-2008 financial crisis, could turn into $1,765 in two decades. The key here is, you guessed it, staying invested for the long term.\nDon't Miss:\n\nThis Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes and you only need $100.\nCommercial real estate has historically outperformed the stock market and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!\n\nThe stock market wonders aren't just hypothetical. They are evident in countless rags-to-riches stories.\nLast month, an investor shared how he went from $0 to $1 million in net worth in just a few years on r/financialindependence, a discussion board on Reddit with 2.3 million members.\nThe investor, 37, wanted to celebrate reaching $1 million in net worth in a few years through hard work, patience, wise investments and living below means.\nTrending: Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area and you can interview your advisor matches at no cost to decide which one is right for you.\nWorking ‘Paycheck to Paycheck' for five Years\nHe started as a business analyst, working \"paycheck to paycheck\" for the first five years. He took loans from friends because banks wouldn't give him credit. He didn't have money to fix his car. His net worth was $0 for almost a decade as he worked on a low salary and couldn't save.\nHis big break came through career progression.\n\"Once I hit Director in a Fortune 50, my salary exploded 4X (now around 350-430K depending on bonuses/stock performance). This year, I invested $190K, which seems surreal to me.\"\n‘10 Years of Back-Breaking Work'\nHowever, like most success stories, this wasn't without struggle, hard work and patience.\n\"It did take me 10 years of backbreaking work to get to it, but yes, once there, it's easy,\" he added.\nGrowing Up Poor\nThe investor said he grew up poor but had \"highly educated, great\" parents.\n\"I know my parents went hungry for a few days, though I never did. New clothes were birthday presents. I still remember the first time I got branded shoes,\" he recalled.\nTrending: Warren Buffett once said, \"If you don't find a way to make money while you sleep, you will work until you die.\" These high-yield real estate notes that pay 7.5% – 9% make earning passive income easier than ever.\nCareer Progression and High Salary: Keys to Financial Success\nSince career success and a high salary were key to his financial rise, he was asked how he climbed the corporate ladder. Here explained:\n\"I became director first inside a startup where I was able to contribute significantly. Then, I moved to a Fortune 50 company and was able to keep my position (which is basically a promotion). Now I am in line for a Sr. Director role next year. I don’t think personal connections played a role (I am not in touch with those who promoted me). Still, I did have to develop the skill to manage upward (setting expectations for success preemptively and then exceeding them in objective measures), especially in a bigger company.\"\nHe said he spent a lot of time improving the \"core aspects\" of his job over about a decade before \"relaxing\" a bit.\nHe also shared tips for increasing visibility and success at work:\n\"From my experience, I had to then layer in – having effective 1:1s with my manager and using it as a series of events leading up to a promotion basically, ensuring that my team and I deliver hard results (managing team performance) and then making sure those results are recognized, making sure my management understands what success is and isn’t allowed to change it over time. The last part is probably the hardest.\"\nTrending: These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends\nStock Holdings\nWhen asked about stock investments, he said most of his money was in broader market ETFs, but he also had some individual stocks in his portfolio. He said he started investing in October 2022, when the market was nearing its bottom. He mentioned a few stocks he held from October 2022 to January 2023.\nLet's take a look at the portfolio holdings.\nMicrosoft\nMicrosoft (NASDAQ:MSFT) was also a part of the investor’s portfolio which hit $1 million in net worth in about 10 years. In early October 2022, MSFT shares were near $235, while the stock price hit around $247 by the end of January 2023.\nAmazon\n The investor said Amazon.com Inc (NASDAQ:AMZN) was part of his portfolio between October 2022 through January 2023. Interestingly, Amazon shares fell about 10% during this period.\nSpotify\nSpotify Technology SA (NYSE:SPOT) was one of the individual stocks in the investor's portfolio who went from $0 to $1 million in net worth in about 10 years. Over the past five years, Spotify Technology SA (NYSE:SPOT) shares have gained about 216%. Spotify recently said it expects to add 665 million monthly active users in the fourth quarter, compared with 660.7 million consensus by Wall Street.\nSee Also: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?\nNvidia\nThe 37-year-old investor, who saw his net worth climb from nothing to $1 million in about 10 years, said NVIDIA Corp (NASDAQ:NVDA) was one of the stocks in his portfolio between October 2022 through January 2023. In October 2022, before the stock split adjustment, NVIDIA Corp (NASDAQ:NVDA) was trading at around $120. It skyrocketed to about $190 near the end of January 2023.\nApple\nApple Inc (NASDAQ:AAPL) is another important stock in the portfolio of the 37-year-old investor whose net worth jumped to $1 million from $0 in about a decade. In early October 2022, Apple Inc (NASDAQ:AAPL) shares were trading at around $138. The stock price rose to $144 as of the end of January 2023.\nVanguard Total Stock Market Index Fund ETF\nVanguard Total Stock Market Index Fund ETF (NYSE:VTI) was a major part of the investor’s investment portfolio. He said about 40% of his total investments were in VTI and VOO. VTI tracks the total stock market, exposing investors to small-, mid- and large-cap stocks. About 69% of the fund is allocated to large-cap stocks. Its portfolio includes more than 3,600 stocks. Among the top holdings of the ETF are Apple, Microsoft, Nvidia, Meta Platforms, Amazon\nVanguard S&P 500 ETF\nVanguard S&P 500 ETF (NYSE:VOO) is another broader market ETF that was part of the investor's portfolio worth about $1 million. VOO tracks the S&P 500 index and yields about 1.2%. It pays quarterly dividends. He said VOO and VTI accounted for about 40% of his investment portfolio.\nDiversify Your Monthly Income Stream With Fractional Real Estate\nWhile Realty Income is undoubtedly a solid choice for investors seeking consistent monthly dividend income, it's important to remember that publicly traded stocks are subject to market volatility. Real estate investing through platforms like Arrived is worth considering for those looking to diversify their income streams and potentially reduce exposure to market fluctuations.\nArrived allows individuals to invest in shares of rental properties for as little as $100, providing the potential for monthly rental income and long-term appreciation without the hassles of being a landlord. With over $1 million in dividends paid out last quarter and a growing selection of properties across various markets, Arrived offers an attractive alternative for investors seeking to build a diversified real estate portfolio.\nThis article 37-Year-Old Who 'Grew Up Poor' Hits $1 Million Net Worth in 10 Years, Shares Stock Portfolio and Career Tips: Top 7 Stocks, ETFs originally appeared on Benzinga.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483304583"}