Dude, if we knew how to quadruple our net worth, we'd be doing it and not telling you.

You’re looking for a quick fix and that comes with enormous risk…or everyone would do it.

The real answer is time. Learn to love compounding interest.

Make more money, this is America.

Time.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How do you accelerate your NW? Is it via smart promotions at work? Leveraging connections? Starting a side business midlife? Inventing something? Or making a personal brand? How can I go from $3.8 m NW (including a $1.2 million house), to quadruple that?

By starting at age 22. In all seriousness, if you’re not 22, investing in 100% equities (index funds - mostly S&P 500 with a smaller share of small cap value) and waiting 14 years = quadruples whatever amount you have invested. Starting as early as possible, investing in equities (bypassing individual stocks), and maximizing the % of your income you invest each month will accelerate your NW if done consistently over time. Note that this also means living well below your means.

This is essentially what I did. At age 22, new college grad, walked into a Charles Schwab branch and purchased first mutual fund. I grew up very poor, neither parent graduated from high school. Worked extremely hard, lived well below my means, invested greater than 40 percent of income. Now 57…. Our NW is just over 9M. Spouse is retired military officer. It can be done if you start early. Made mistakes along the way, but basically followed Bogleheads ideas.

+1

Anonymous wrote:How do you accelerate your NW? Is it via smart promotions at work? Leveraging connections? Starting a side business midlife? Inventing something? Or making a personal brand? How can I go from $3.8 m NW (including a $1.2 million house), to quadruple that?

I agree with the PP stating it depends on your risk tolerance and what your definition of accelerate is. By accelerate, do you mean in the next year, 2 years, 5, etc. All the methods you listed can certainly accelerate you NW, some take much more time and risk as others, but they can also fail to produce the desired outcome. Personally, I accelerated my NW by 10x in 3 years investing a lot of money into riskier individual stocks that I put a lot of due diligence into and determined they were undervalued and not as risky as many seemed. Eventually the market figured the same thing out. Yes there is some luck involved as with any investment. I don't recommend this unless you can handle the risk and volatility. But going with the flow (masses) using index funds will never get you a 4x in this short amount of time. Good luck.

Anonymous wrote:

Anonymous wrote:How do you accelerate your NW? Is it via smart promotions at work? Leveraging connections? Starting a side business midlife? Inventing something? Or making a personal brand? How can I go from $3.8 m NW (including a $1.2 million house), to quadruple that?

By starting at age 22. In all seriousness, if you’re not 22, investing in 100% equities (index funds - mostly S&P 500 with a smaller share of small cap value) and waiting 14 years = quadruples whatever amount you have invested. Starting as early as possible, investing in equities (bypassing individual stocks), and maximizing the % of your income you invest each month will accelerate your NW if done consistently over time. Note that this also means living well below your means.

This is essentially what I did. At age 22, new college grad, walked into a Charles Schwab branch and purchased first mutual fund. I grew up very poor, neither parent graduated from high school. Worked extremely hard, lived well below my means, invested greater than 40 percent of income. Now 57…. Our NW is just over 9M. Spouse is retired military officer. It can be done if you start early. Made mistakes along the way, but basically followed Bogleheads ideas.

Anonymous wrote:How do you accelerate your NW? Is it via smart promotions at work? Leveraging connections? Starting a side business midlife? Inventing something? Or making a personal brand? How can I go from $3.8 m NW (including a $1.2 million house), to quadruple that?

By starting at age 22. In all seriousness, if you’re not 22, investing in 100% equities (index funds - mostly S&P 500 with a smaller share of small cap value) and waiting 14 years = quadruples whatever amount you have invested. Starting as early as possible, investing in equities (bypassing individual stocks), and maximizing the % of your income you invest each month will accelerate your NW if done consistently over time. Note that this also means living well below your means.

OP here, I’m not concerned with myself. I have family needs to take care of.

Anonymous wrote:Depends on your risk tolerance. You could start a business and grind for growth, then sell. That’s what I’m doing. Lowest risk is to keep accelerating your comp and let compound interest to its thing.

What is your business? How old are you?

Another option is to spend less and invest more.

Crypto

Depends on your risk tolerance. You could start a business and grind for growth, then sell. That’s what I’m doing. Lowest risk is to keep accelerating your comp and let compound interest to its thing.

Ew. Be grateful for what you have. Enjoy life. You could get a cancer diagnosis tomorrow... This is the stuff that keep you up at night?

How do you accelerate your NW? Is it via smart promotions at work? Leveraging connections? Starting a side business midlife? Inventing something? Or making a personal brand? How can I go from $3.8 m NW (including a $1.2 million house), to quadruple that?