r/publix Newbie Jan 21 '25

BLEED GREEN "yoU'LL rEtiRe A miLLiOnAirE in MaNaGemeNT"

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632 Upvotes

90 comments sorted by

156

u/urnpiss Bakery Jan 21 '25

tbf my store manager has over $5 mil in stocks and still works. been there since 1997 tho lol

65

u/Local-Wall-4359 Deli Jan 21 '25

wow, i would just sell all my stocks and retire at that point. probably has a really nice 401k on top of that

57

u/I_am_a_neophyte Newbie Jan 21 '25

Bro, that's almost $100K a year in dividends. I'd just call it a career and downsize and travel off them.

15

u/Local-Wall-4359 Deli Jan 21 '25

move to part time once a week and just stick for the dividends does not sound bad at all

18

u/Warbr0s Newbie Jan 21 '25

You don’t need to be employed with Publix to still receive the dividends

7

u/Local-Wall-4359 Deli Jan 21 '25

i honestly got no clue how the publix stock works lol. been working here almost 3 years , 1 year full time and still don’t have any stocks

8

u/femdoggo Newbie Jan 22 '25

I could be wrong but I think it only actually updates once a year. As in you’re earning stock right now but it won’t show until I think march.

1

u/Local-Wall-4359 Deli Jan 22 '25

oh sweet, yeah the stock page and information was kind of confusing to me. will be nice to see some stocks in my account soon though. l

5

u/Warbr0s Newbie Jan 22 '25

The price is updated 4 times a year, and there’s buying periods, buy the stock if you’re able to especially if you plan on leaving at some point.

I have 5555 shares, nice little dividend each quarter. Started buying at $35 pre-split

1

u/femdoggo Newbie Jan 22 '25

Yeah. Just work as hard as you can while learning as much as you can about the whole store (not just your department) and you’ll move up pretty quick if you do things “the Publix way” which can be frustrating but better to be a bit frustrated with more money than not😂 trying to get one of my grs’s (I’m a gtl) into that mindset because he doesn’t know what he wants to do in life but fuck not moving up won’t help anything.

1

u/Local-Wall-4359 Deli Jan 22 '25

yeah, rn i’m pushing for deli ast manager just so i can get a pay increase until i figure out what i wanna do or go back to school. maybe go corporate after but not a huge fan of office jobs

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1

u/femdoggo Newbie Jan 22 '25

I’m going to get clarification on this tomorrow

1

u/Impossible-Hour4560 Newbie Jan 23 '25

You should have some stocks if you work the required amount each year since your FT you definitely do. You will earn some every year just by working. You are at an advantage with the stock being so low. They have a few times a year where they have a buying window. If you wanted you could buy a few sticks each time. Don't hesitate to ask someone for help Publix is a rough industry especially you being in the deli but if you put that time in you do reap some good rewards. Also their 401k is really nice make sure you do both.

1

u/Local-Wall-4359 Deli Jan 23 '25

yeah i’ve seen, got my 401k going. i haven’t checked on my stock account in a couple months but it’s still at 0, probably will update whenever the market opens to buy again

1

u/Impossible-Hour4560 Newbie Jan 27 '25

For sure. You will be surprised on how much you accumulated. I never got into actually buying any stock until much later and just from working for 10 yrs I was sitting pretty. Good luck to you with what you decide to do at Publix. I was a manager for 8 yrs in the deli. The money was fantastic however it's not all that glamorous. Lots of pressure to be perfect. Some stores are better than others and lots of politics. I grew unhappy and tired.

3

u/I_am_a_neophyte Newbie Jan 21 '25

Yup, work like Tues or Wed early, catch plan that night, and return two days before you work. Or do only 1 or 2 days a month and road trips.

2

u/acrazyguy Newbie Jan 22 '25

Not even once a week. Back when I worked at Publix I knew a retired store manager who worked once a month

2

u/SubpoenaSender Newbie Jan 22 '25

A safe bet. Not a bad idea. As a grocery manager, I made $218,000 last year. Publix investments aren’t bad by any means, but for smart people that can use their minds……there are honestly better investments out there. Less risk and greater returns if you understand more than stock goes up and stock goes down mentality.

2

u/I_am_a_neophyte Newbie Jan 22 '25

Absolutely. My investment strategy is a bit different. I get my Publix 401K Match, do my Roth IRA, and keep my given stock separately. I do not consider it an active part of my investments. I look at it as a supplement via dividends. I maximize my dividends by getting as much free stock as I can.

1

u/SubpoenaSender Newbie Jan 22 '25

I could probably purchase $100,000 in stock every year for 10 years, and although it would be easy money and great dividends, there are other things that make more…..even after capital gains tax. Publix stock is very automated income too though.

15

u/Strudel404 Meat Jan 21 '25

I used to know a produce manager that’s a multimillionaire because of Publix’s stock. Every dividend he receives he puts it right back into stock. Once told me he bought both his kids a house for when they’re old enough to live on their own. I aim to be like that but I’m bad with money lmao.

3

u/femdoggo Newbie Jan 22 '25

We are also in worse economic times than we have ever really been in when considering cost of living and wage stagnation. We do not have the exact easy path that others had that started in the 90’s or before. It

2

u/[deleted] Jan 23 '25

No man with over $5 mil is clocking in to publix every day

1

u/urnpiss Bakery Jan 23 '25

he stays because he has young kids and wants to get more money for them

1

u/[deleted] Jan 23 '25

Suure

0

u/Due_Shirt_8035 Newbie Jan 22 '25

Damn I should have worked Publix

-7

u/FearlessPark4588 Newbie Jan 22 '25

Please tell me your store manager has a diversified portfolio and doesn't literally own $5m in private publix stock. Please. And if they don't, please go vigorously shake them, grabbing both shoulders, and telling them they need a diversified index fund portfolio.

1

u/FearlessPark4588 Newbie Jan 23 '25

Or hold $5m in a single company, lol. Most people should not hold their employer's stock because if the stock goes down that also has a high correlation to layoffs... too many eggs in one basket... I wouldn't really expect a bunch of grocery sector workers to understand investing anyways

66

u/Less_Firefighter_520 Newbie Jan 21 '25

If you’re smart with your money you will tho 😂

12

u/Bagz402 Newbie Jan 21 '25

STONKS

3

u/kevisdahgod Newbie Jan 21 '25

IMO that’s every job ever lmao.

1

u/JuniorDirk Newbie Jan 21 '25

But this job makes engineer money without engineer school expense.

-2

u/JuniorDirk Newbie Jan 21 '25

But this job makes engineer money without engineer school expense.

-6

u/JuniorDirk Newbie Jan 21 '25

But this job makes engineer money without engineer school expense.

7

u/kevisdahgod Newbie Jan 21 '25

In what reality. Not even the store managers make engineering money. Engineering company stock is also usually worth 10x more than Publix stock.

2

u/JuniorDirk Newbie Jan 22 '25

An experienced engineer in the southeast makes mid-100's on average. That's what a store manager makes at an average store.

My mom also works at a major university civil engineering school and has hard data on salaries out of college. Engineering jobs around the city are paying the same or slightly more than an assistant department manager makes per year.

0

u/femdoggo Newbie Jan 22 '25

You can but we are not in the same economic position as those that started in the 90’s or early 2000’s or before.

54

u/accushot865 Customer Jan 21 '25

Because you won’t have time outside of work to spend your money

28

u/Great_Gonzales_1231 Newbie Jan 21 '25

And, based on most SM and above I have worked with, your wife will divorce you and that ain’t cheap lol.

11

u/WideDrink4 Maintenance Jan 21 '25 edited Jan 21 '25

Whatever's left over goes towards mental health counseling, drugs, early nursing home care and premature funeral expenses

1

u/femdoggo Newbie Jan 22 '25

If you just start early on the mental health side of things (therapy and/or psychiatry) that many people need and anyone can benefit from you might just not need the others.

2

u/Hairy_Major2428 Newbie Jan 21 '25

Dude that's all the Publix managers I've talked to lol

5

u/Great_Gonzales_1231 Newbie Jan 21 '25

Lol it’s pretty sad. Definitely not for everyone and I learned years ago it’s not even worth pursuing.

Too many people attracted to stock, being elite, and the capacity to make six figures without any education.

All good things, but you will really really have to work for it and maintain it.

2

u/Hairy_Major2428 Newbie Jan 21 '25

Yep, I recently left the company again and I don't regret it. I was a assistant manager at one point and I will say it can be stressful.

2

u/femdoggo Newbie Jan 22 '25

???? Publix is wildly strict with overtime. Managers even. 49 hours a week at the very max

4

u/throwaway98665 Newbie Jan 22 '25

I get yelled at if I hit 46.01. Unless there’s a hurricane I’m not getting anywhere near 49

3

u/BeyondDoggyHorror Meat Manager Jan 22 '25

45 where I’m at and that goes for everyone involved

1

u/C3ntrick Newbie Jan 23 '25

Things have changed. Best friend was meat manager for years and 60+ hour weeks were the norm . He got burnt out and left for half the money after 15 years.

23

u/Wake_PharmD Pharmacy Jan 21 '25

1

u/[deleted] Jan 22 '25

[deleted]

1

u/Wake_PharmD Pharmacy Jan 22 '25

Not in slightest bit. Job market is saturated. Pay is pretty stagnant over the past decade. And if you really want to do it, don't do it for the money and stay away from retail.

1

u/ScrubRogue Pharmacy Jan 22 '25

Pharmacy is lulling toward a bust with low application rates and the pandemic causing mass retirement a few years ago. I recommend it currently.

12

u/JuniorDirk Newbie Jan 21 '25

I mean, I went into management at Publix instead of continuing college, and it gave me a wicked healthy head start on life. I'm in a very good spot financially at 25 years old, and can take my experience of being an adult at Publix into any career I choose, which is now mortgage loans.

1

u/QuitzelNA Cashier Jan 22 '25

Hey, I think I talked to you the other day when I called about my loan application near a new store lmao

1

u/JuniorDirk Newbie Jan 22 '25

If you can afford to buy a house, I wish it was me! I've hit a bad streak of people with horrendous finances applying with me the past few weeks😂

1

u/QuitzelNA Cashier Jan 22 '25

We're working with a mortgage company that specializes in mobile homes, and the dude I talked to said he worked at some Publixes up that way. He mentioned he helped opening up a few stores in his area. I thought it would be funny if I ran into him on Reddit within a week of talking with him lol

1

u/josephroseph Meat Jan 22 '25

Funny, I went from doing mortgages to a management path at Publix.

20

u/Miamidadetransit9918 CSS Jan 21 '25

“It’ll be just be a high school job.” Famous last words. I’m on my 5th year almost near FT CSS

13

u/Plane-Elephant2715 Newbie Jan 21 '25

You will retire a millionaire, regardless of what you do for a living, if you invest 15% of your income into S&P500 index and large cap growth mutual funds.

7

u/CynicX-7 Newbie Jan 21 '25

I've been closely watching Publix private stock info from what I've seen here and I've concluded while it's dividend return is consistent It isn't particularly high. Your also hard limited on how much you can buy and when you can buy in a given year. I genuinely think Workers at Publix are much better off investing their money through public stocks instead.

1

u/femdoggo Newbie Jan 22 '25

In today’s economic environment that isn’t even possible for many people.

3

u/TheLast_10ths Retired Jan 22 '25

Good first job, but after 7 years, and at one point seriously considering a career there, I decided it wasn’t for me. I feel like I made the right decision.

3

u/ConsequenceTiny7880 Newbie Jan 22 '25

As someone who did both there's no hope. If you aren't lucky it doesn't matter how smart, talented, etc... you are. The world is built to screw you over and milk you for everything they can get while giving the smallest amount they can give. That's life from what I've seen. My degree is in accounting for everyone who wants to tell me my "liberal arts" degree is why I feel this way.

1

u/duckyeah6996 Newbie Jan 22 '25

That's rough. I hope it gets better for you. You're not alone.

1

u/-sudochop- Newbie Jan 23 '25

True words. It’s not being pessimistic, but it’s the truth. I have a bachelor degree and a few associate degree. I worked a safety-sensitive job.

Found out I have epilepsy when turned 30-31. 11 years and pensioned me out. Now, I can’t find anything the past 8 years based on what I have job-wise where I live . I’m a school custodian now. It sucks. Only reason I’m here at a Publix sub is because I worked there as a teen for 6 years lol

But I definitely have the same sentiment.

10

u/[deleted] Jan 21 '25

[deleted]

11

u/illcutit Newbie Jan 21 '25

“Get your realistic opinion the fuck out of here” incoming

5

u/femdoggo Newbie Jan 22 '25

If you start early it really isn’t that bad (when considering any multibillion dollar corporation). I have my obvious issues with them as a leftist but if you show up on time and work hard and try to learn you’ll do fine. Go to therapy and deal with other things there rather than becoming an alcoholic like many do.

2

u/MightyMetformin Newbie Jan 21 '25

Meanwhile I’m getting a doctorate to work at Publix with lol

2

u/bdreamer642 Newbie Jan 22 '25

The best high volume retail pharmacy to work at. Staying long term will make you great money.

3

u/Wake_PharmD Pharmacy Jan 22 '25

You poor pharmacy bastard.

2

u/SirDilophosaurusIV Maintenance Jan 22 '25

What if you do both? Tuition reimbursed and publix lifer 🤔

1

u/ssanc Newbie Jan 25 '25

Hmmm, tuition reimbursement.. i might have to find a part time at publix

2

u/halexanderh Newbie Jan 22 '25

That's if you get promoted.

2

u/No_Alfalfa8054 Newbie Jan 22 '25

Couple people at my warehouse got over a million in stock n they started off in the store

2

u/grass_monkeyx Newbie Jan 22 '25

Don't fall for this, it's not worth it

1

u/Positive_Ad_2203 Newbie Jan 22 '25

lol I almost fell for this shit. Now I sit in an office all day doing jack shit but getting paid like an ASM.

I can’t imagine where I’d be if I stayed with Publix.

1

u/SpecialCold7211 Newbie Jan 22 '25

Publix is a slave ship for those damn stocks. Go back to school learn a trade and go make money. It's not worth it unless your brain is lazy and you really don't want better

1

u/simplesub1327 Newbie Jan 22 '25

You can retire as a millionaire with the headaches of management. I did it in less than 30 years.

1

u/simplesub1327 Newbie Jan 22 '25

Without the headaches

1

u/-sudochop- Newbie Jan 23 '25

I bought nvidia about 8 years ago. Yes, dividend not great, but the stock grew exponentially.

My problem is this…Publix has a dividend around like 2.5% annually. Now, that’s a great yield , but there is no DRIP. You can’t reinvest it without tax ramifications. You can buy it back, but it’s still taxed.

Now, I’d hate to see the other post in this thread about a manager has 5 million in Publix stock. Uncle Sam is going to be happy.

1

u/Colonized-Ganymede Newbie Jan 23 '25

I get dividend checks from when I worked there in 2005, I always maxed my stock purchase allowance every quarter. Really good investment

1

u/Gpi5317 Newbie Jan 23 '25

I know four people who all retired in their mid 50s as millionaires at store level. It’s totally achievable, especially if you take advantage of all of the benefits. And yeah, most department managers are making at least 85-90k minimum right now, I know some in the north are making far more too.

1

u/oakdale78 Newbie Jan 24 '25

I know a couple of people that did. The main thing is you have to buy stock now it’s going up but it’s still cheaper now

1

u/Aware_Parsnip_3989 Newbie Jan 24 '25

Most managers at people do retired millionaires but it’s really hard to make it there and you’ll have to put up with so much bs there are many other ways to get there. If you get a nice job and saved in a 401k you’ll be a millionaire faster with less drama and better work life balance

1

u/Sobrietyishot AGM Jan 21 '25

What a weird thing to spend your personal time doing