I am spending a lot of time in some the subreddit where they talk about personalfinance, FIRE or stocks. What I have seen a pattern that people who have a very good Net worth early in their life is mostly people who have got good ESOPs from their company.
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ESOPs or Employee Stock Ownership plan means that along with the salary you will get some shares of the company which you can get after some years of service. For example, if your salary have 100 shares of any company vested after 1 year. That means if you work in that company for more than a year, you are entitled for 100 shares of the company. Which you can sell after 1 year or keep it and grow.
So a lot of people having high net worth early in their career is basically from the ESOPs. And that's why joining a good company with ESOPs as a option is a good idea. But not all company give that option. And that's one of the ways people get early retirement. And for most of the people it's a hard way where you have to invest for a longer period of time to get that retirement corpus.
For me, I have never got the ESOPs and thus my networth is slowly increasing. And with inflation happening, it's hard to actually save a lot of money. Butcpin touching a new high actually gave me a hope that if Hive also touched the new high, my networth might increase subsequently but again that's hardly unlikely.
So till that time, I am continuing the investment and hoping that I can create some passive income source which can help me to generate some money which helps me to easily reach my financial independence sooner. And that's why I have my Hive, My ETF Shop and started YouTube so that my combine passive income can help me to generate some side income and that income can be saved to get to the financial independence mark sooner.
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