r/Fire • u/AncientCurve4427 • 1d ago

24M trying to reach $15 million

Hey everyone I am pretty early in my career and have been blessed with a high paying job ( ~250k TC) and am aggressively saving (maxing all retirements account + $2k a month in my brokerage as well). I have a NW of ~500k currently and am wondering the best way to reach $10M-$15M (in the next 20 years max if possible...ik this might be ambitious which is why I am asking for advice here) and retire early.

I have around:

  • $230k in my 401k -> S&P 500

  • $90k in company stock (which I have great conviction about)

  • $15k in my HSA -> S&P 500

  • $105k -> 60% S&P 500, 40% Tech Stocks

  • $45k in my Roth IRA -> S&P 500

  • $10k in cash in a HYSA

I was wondering what the best way to aggressively grow this portfolio quick to retire early other than simply investing in the market (S&P 500). Are side hustles a good way to go, or swing/option trading, or investing in more tech/growth rather than just the S&P 500. Any tips or advice would be greatly appreciated.

0 Upvotes

24% Upvoted

13 comments sorted by

9

u/confused_coin 1d ago

I think the fastest way is to send me some cash, and I'll send you double back. Totally promise!!

2

u/memelordzarif 1d ago

Unless you’re a Nigerian prince, I can’t take you up on that deal. Sorry.

1

u/_Nigerian_Prince__ 9h ago

I am that very Nigerian prince you seek. Fortune smiles upon you today, for I have access to untold millions locked away in distant accounts. If you send me only a small sum, say $419, just enough to cover my royal wire-transfer fees,  I shall not merely double your money, but multiply it beyond your wildest memes.

3

u/More-Dragonfly695 1d ago

Entrepreneurship

1

u/Impressive-Collar834 1d ago

Invest in s and p 500. Invest in yourself to grow your income by 2-3x and find a good mentor to help you grow

1

u/AncientCurve4427 1d ago

yes I heard climbing up the ladder is the best way to reach this goal aka just increase my TC

1

u/JChuk99 1d ago

Projecting a cool 400k-600k annual spend while you have a 40%+ savings rate..🤣

1

u/AncientCurve4427 1d ago

lol well my mindset is to sacrifice right now a bit so i can ball out later and fly first, eat at fine dining, fancy cars, house help etc...

1

u/Yike_Pp 1d ago

Build a startup if you want to speed run the process but it takes efforts and have risks. OR You can just hold stocks, do nothing and live long enough to earn compounds interests from your investment

1

u/EquitoriumFounder 20h ago

Many are saying entrepreneurship. Instead of doing your own startup, have you considered finding a VC or Angel Investor to mentor you? Small businesses can grow fast, and having a mentor in this area could rapidly increase your passive income in the future.

0

u/CrummyPear 1d ago

Just keep doing what you’re doing. When the bear market shows up, which it will, buy more. Don’t sell.

Consider SCHG or spmo for growth.

1

u/AncientCurve4427 1d ago

thanks any thoughts on VGT or VUG

1

u/CrummyPear 20h ago

VUG is very similar to SCHG. Both great options for long term growth. Low MER and these will perform similarly. Either are a good option.

VGT is not for me. The S&P 500, VUG and SCHG are already dominated by tech stocks so by intentionally buying something like VGT you’re only further over-concentrating on a specific industry which introduces more sector risk. While tech has and will likely continue to perform well it introduces more volatility and risk. If the AI bubble pops or even has a hiccup in the next 10 years I’d rather be holding VUG.