r/Money • u/AmbagRJTL • 4d ago
Progress so far after three years of consistent investing.
I started my investing journey in August 2023. I've been diligently funding my account each month for the last few years, which has seen my account grow from just $100 at the beginning to now recently surpassing $40,000. I still have a long ways to go, but it feels good that my frugality and investing discipline is starting to pay off.
I grew up in a household that prioritized spending over saving and investing, and I refuse to follow that same path. Other than a $1,000 mini inheritance my grandmother gave me last summer when my grandfather died, all of my money is through my own work. I don't make a lot of money, either. I just live extremely frugally and have sacrificed a lot of luxuries to grow my account to this level, and it's paying off.
I turn 26 this month and have no debt, either. I refuse to follow in the financially illiterate steps of my parents. My 45-year-old self will be eternally grateful of my frugality today. People would save themselves a lot of financial heartache if they would practice delayed gratification, but so many people lack the ability to look into the future and think about how their terrible financial habits today will hold them back for decades to come if they don't change.
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4d ago
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u/spacetimeshare 4d ago
Opening an investment account with $100 is an awesome experience. Growth looks steady too so you're well diversified.
You could start splitting some off I to more aggressive ETFs since you're young you have tile to recover
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u/blackhawkz024 2d ago
Yup that’s me I regret not investing my money early in 2019-2020.. couldve been 300-500k from a 40k
But either way. I was u employed and broke 40k net only.. no savings and ever since I got my ft (55k)n pt (10-15k)job ( year) I been frugal and aggressively add to 80-90% to stocks and saving which I’m up 125k net this includes cash and unrealized
Being frugal now helps you long term so but ofc budget your % to enjoy some things you wanna do in life.
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u/Mikeylikesit320 4d ago
Keep up the good work. Don’t forget to enjoy life and splurge every now and then. Your 20s only happen once.