Hey I was not bragging about anything. Currently I am turning 20 and I want to plan my financial path, so that I am able to live freely and not worrying about things like loan or mortgage once I have graduated from university 4 years later. That's why I am here asking you guys about the $100k net worth. Sorry for any misunderstanding.

 

So do you, or don't you have a 100k net worth?

If you don't already I put the odds of leaving college with that much at 0. If you already do, I don't know how you intend to keep it since need based financial aid would probably be tricky and you aren't old enough to be considered independent.

 

did you come here to brag or to ask for advice? if it were me at 24, here's what I would've done, but this isn't necessarily the most rational thing: . 1. new car, probably a barely used pickup truck (less than 50k miles), would spend no more than $30k 2. clothes, parties, bar tabs, would try to keep this to $10k (my school had cheap bars) 3. ballin ass vacation with my girlfriend and other rich friends (probably $10-20k total, I'd pay her way), or 2 semi ballin ass vacations 4. invest the rest in the stock market and keep my mouth shut to strangers about it

 
thebrofessor:

did you come here to brag or to ask for advice? if it were me at 24, here's what I would've done, but this isn't necessarily the most rational thing:
.
1. new car, probably a barely used pickup truck (less than 50k miles), would spend no more than $30k
2. clothes, parties, bar tabs, would try to keep this to $10k (my school had cheap bars)
3. ballin ass vacation with my girlfriend and other rich friends (probably $10-20k total, I'd pay her way), or 2 semi ballin ass vacations
4. invest the rest in the stock market and keep my mouth shut to strangers about it

This.
 

So are you 20 or 24? Not consistent, I smell bullshit.
I would use 30% of it towards entertainment such as an epic trip around the world, or something along those lines. I would then use the rest to build a diversified portfolio.

 

I am 20 now. Currently I don't have any money yet as I am still studying at university. Please don't be prejudice about me, I just want to know your opinion. Once I have build up my $100k when I have graduated 4 years later, I will not have to worry about loan or mortgage that much (can't assume I am debt-free yet, housing is very expensive these days, and $100k will definitely not suffice to buy a house).

 

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The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee WSO is not your personal search function.

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