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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Congrats on the family money, OP! Your first move should be to reallocate that inheritance so that it aligns with your time horizon instead of your parents or grandparents. Your second move should be to find a reliable financial advisor. You don’t want to get too far ahead of your skis, OP. Most people sporting significant new money end up squandering the majority of it before they learn discipline and control. [/quote]

That is so repulsively condescending. For all you know, OP earned that money themselves. Many do! The advice you give is ridiculous. Clearly OP is educated with an IQ above double digits and therefore knows all this already.

Gross.[/quote]

Someone in their early thirties with $1M in investments would have to have dollar cost averaged $5K per month into a tax-exempt S&P500 index fund for 10 years straight (assuming 10% annual returns, as has been the case since 2014) to have $1M in investments. This is close to impossible since even the employee+employer $60K retirement contribution limit for young people like OP wasn’t reached until 2022.

If not retirement, then we’re talking after-tax brokerage. This means OP is funneling about $8.5K of gross monthly income into savings. Maybe $100K per year? That’s a lot, even for someone making $300K per year. OP can’t be a lawyer, physician, or other graduate level professional else OP would be paying down massive student loans (no family money, right?) or not have had 10 years of savings time to start.

Please…this is so obviously a case of family money it isn’t even funny. Even if it was mommy and daddy footing the bill for college, grad school, that first car, and even a down payment for a house. It’s easy to pat yourself on the back for accepting a gift and broadcasting it as a measure of personal triumph and success. This seems to be the new normal for everyone under the age of 35. Pathetic. [/quote]

1000% agreed.
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You don't need a grad degree to make a lot of money. Most finance and tech jobs don't care about a grad degree.

I had undergrad paid for, which obviously helped, but that was not how i accumulated 1M+ outside my home by 30. My wife and I save a lot ~$200k/yr. [b]Even if I had large loans, that cost me $2k/mo[/b], I still would save $175k/yr..[/quote]

No one said anything about needing a grad degree to make a lot of money. Why not share a few more details so others can better understand and attempt to replicate your success?

When did you graduate college? What school? What major?

Where do you work? What sort of jobs do the two of you have?

You’re married? How did you pay for your wedding? Your honeymoon? Your engagement rings? Your wedding bands?

You have $1M+ outside your home? So this implies that you own a home. Where is it located? When did you buy it? How were you able to save up enough for a down payment? Where did you live while you were setting aside money for a down payment?

Interesting that you seem to think that $2K/month constitutes a large loan. That is a drop in the bucket for someone allegedly saving $200K/year. Most of this  must be after-tax, which means your HHI is at least $375K with no expenses (impossible), more like $750K if you’re saving 50% net (unlikely). Help fill in some blanks for us. Your humblebrag of a post doesn’t seem to add up. 
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