Ask HN: How did you make your first million dollars?

Re:Ask HN: How did you make your first million dollars? by josephschmoe on Monday May 12, 2014 @04:13PM (#7735146)

Nearly every person I have met who has over one million dollars in assets did so slowly by making good investment decisions and a consistent, high-paying employment track record.

Sorry for the boring answer.

[ Parent | on HN ]

Re:Ask HN: How did you make your first million dollars? by sokoloff on Monday May 12, 2014 @08:49PM (#7736146)

Consistent, high-paying employment here as well, paired with consistent investing in stocks.

I got pretty well smacked down in 2000 and again in 2008, but still crossed the 7-figure mark around age 40 even in spite (I would argue because) of the volatility and risk in the stock market.

[ Parent | on HN ]

Re:Ask HN: How did you make your first million dollars? by 4channer on Wednesday May 14, 2014 @04:33PM (#7746224)

good on you haha

my family invests stocks as well and we lost ~40000 in 2008, those were not good times.

[ Parent | on HN ]

Re:Ask HN: How did you make your first million dollars? by anonforthisq on Monday May 12, 2014 @04:47PM (#7735324)

That's me. Low fee broad mutual funds and just making a good salary (constantly negotiated), having no kids, and being frugal. Got there before 40.

[ Parent | on HN ]