Why Net Worth Explodes After $100K
Вставка
- Опубліковано 1 чер 2024
- Once you reach $100,000 everything starts to change. Here's why.
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Chapters
00:00 Start Here
01:14 The Power of Scale
02:19 The Magic of Compound Interest
04:04 Making Money Starts To Go From Active to Passive
05:25 The Power of Margin
07:07 The Mastery Of Money Skills
08:35 The Ability to Increase Investment Amount
09:48 The Ability to Breathe More
The hardest part of your wealth building journey will be reaching your first $100,000 because it takes patience, discipline, and sacrifice; however, once you reach your first $100,000, you net worth really starts to speed up and wealth building becomes easier. In this video I explain why your net worth explodes after reaching $100,000.
1. The Power of Scale
The #1 principle of money is that "money makes money." The more money you have, the quicker it'll grow. For example, the stock market returns an average of 10% a year, so the more you have invested the bigger your returns will be. Once you reach $100,000, you have scale where your returns are a substantial amount.
2. The Magic of Compound Interest
Wealth does not grow linear, but it grows exponentially due to something called, "Compound Interest," which is “Interest from both principal sum and previous interest gained.” Once you reach $100,000, compound interest really starts to take off and speed up the process where reaching the next $100,000 takes less time.
3. Making Money Starts To Go From Active to Passive
Most people make their money in a very active way through their labor; however, once you reach $100,000 and have a decent amount invested, a substantial amount of money you make each year is now passive. This allows you to build wealth at a much quicker rate since your income isn't determined on your actively making it.
4. The Power of Margin
In addition to money making money. Money also gives you margin, which is a buffer between you and being broke. Margin gives you time, which ultimately gives you options. Once you reach $100,000, you have more options in life and can seek better opportunities in life where you're making more money.
5. The Mastery Of Money Skills
Getting to $100,000 takes a lot of time and is a journey. On that journey, you learn to master many money skills. Once you reach $100,000 you more than likely have a good understanding of many skills that allow you to build your net worth.
6. The Ability to Increase Investment Amount
More than likely, once you reach $100,000, you have a completed emergency fund. Once you have completed your emergency fund, it opens up more room to invest more money where you can build your wealth at a quicker pace.
7. The Ability to Breathe More
When it comes to feeling secure in life, $100,000 is that magic number that allows you to breathe a bit more. You still have problems, but do not view money as scarce anymore. This allows you to focus on continuing to build wealth with a clear mind.
**This video is intended for entertainment purposes only, none of it should be interpreted as financial advice. Links above are affiliate links where if you click and order, I will receive a commission at no cost to you. ** - Навчання та стиль
It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I’m brand new to buying stocks. I need basic instructions on how to spread $100k across the market in order to achieve a 7 figure portfolio. Im wondering if now is a good time to start investing, or do I wait for a crash to buy at discount price?
I'd suggest you discuss with a proper advisor, particularly if you're new at investing or facing uncertainty. I personally have over 180 companies in my portfolio, so if few companies fail, I still have others that can hold me up.
That's smart. I'm quite lucky exposed to personal finance at an early age, worked full time when I was 19, purchased first home at 28. Going forward, got laid off at 36 amid covid-outbreak, and immediately consulted an advisor to stay afloat. As of today, I'm only 15% short of my $1m goal after subsequent investments.
I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?.
Her name is.Her name is 'LUCIA ALICIA CRUZ. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.. Just research the name.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.
At the very least, I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from Melissa.
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
Exactly ! That's my major concern and what lucrative investment can one venture into with the current rise in economic downturn
In fact, I had no prior experience or understanding when I began investing in 2020, but by the end of 2023, I had made a profit of almost $850k. All I had been doing was going by what my financial advisor had told me. This demonstrates that all you truly need is a professional to assist you; you don't even need to be a great investor or put in a lot of work.
@@ThomasChai05My partner’s been considering going the same route, could you share more info please on the advisor that guides you?
People downplay planner’s role, until they are burnt by their mistakes. That’s why I’ve been working with expert planners like GERTRUDE MARGARET QUINTO
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?
NYCOLE CHRISTINA VANNATA a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
It seems certain stocks are undervalued, flying under the radar despite their potential. You can't help but wonder when the market will recognize their true worth. How can I invest $600K wisely to ensure our future security?
It's frustrating when market inefficiencies persist, particularly with undervalued stocks. Consider consulting an advisor for smarter investing decisions.
My financial advisor has been a game-changer, providing clarity and boosting my confidence in navigating finance. With their help, I've achieved my goals faster than I imagined. Highly recommend!
How can i reach this person?
Finding financial advisors like vivian jean wilhelm who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.
I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.
*Jennifer Leigh Hickman* has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say, Jennifer appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.
I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
I know this lady you just mentioned. She's really good with and on her job. She's helped a couple of families and individuals' finances
She is really a good investment advisor.
I was privileged to attend some of her seminars, that's how I started my crypto investment
I have heard a lot of wonderful things about Sonia Duke on the news but didn't believe it until now. I'm definitely trying her out
Started with 5,000$ and Withdrew profits
89,000$
I'm glad to write her tay I do hope she will help handle my paycheck properly☺️☺️☺️
The problem we have is because Most people always taught that " you only need a good job to become rich. These billionaires are operating on a whole other playbook that many don't even know exists.
Money invested is far better than
money saved, when you invest it gives
you the opportunity to increase your
financial worth.
It is remarkable how much long term
advantage people like us have gotten by trying to be consistently not stupid,
instead of trying to be very intelligent.
The wisest thing that should be on
everyone mind currently should be to
invest in different streams of income
that doesn't depend on government
paycheck, especially with the current
economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
I also keep seeing lot's of people
testifying about how they make money investing in Stock, Forex and Crypto Trade(Bitcoin) and I wonder why I keep loosing. Can anyone help me out or at least advice me on what to do.
Even with the right technique and
assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
It’s going to take me about 7-8 more years but I’ll finally hit the $100,000 mark!
yes you will I would suggest side husttles and paying your self fist and learn to live below your mens and be genorous no matter what.
@@HazardonerFTRhow much does fist cost now adays?
It may take you less time than you think/plan. I wish that for you
@@avenj4659 I’m dumping some extra cash into stocks trying to have a diverse portfolio. You’re right about that it very well can happen sooner!
Keep up the good work. So pleased I was focused on.the first $100k in my twenties. Resulted in $1m net worth in early 40s
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.
The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market.
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
MICHELE KATHERINE SINGH is a hot topic even among financial elitist . Just browse, you’d find her, thank me later.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her
I want to hit FI in 5 years- I’m investing 67% of my income. It takes discipline and time!
67% is incredible!!!! Great job on getting your expenses down
I agree. Im investing 60-80% of my income, not to mention compounded interest . Im having a ball being frugal. I used points and rewards to eat out and entertain. Smart people with discipline get ahead.
@@wolfiemcqueen647 you should almost never eat out. but kudos nonetheless. let me know if you want to earn 5% in a savings account. also, do you us upside for gas purchases? if not I'll give you a referral code.
Awesome!
@@wolfiemcqueen647Can I be with you?
House paid for, car paid for, no consumer debt, $600,000 investment portfolio, it's hard to stay employed. My ability to put up with BS at work is at an all-time low.
Only Americans can do that
i’m in the same boat feels great
@@PepeCoinMania I don't understand. Why is it only Americans can do that?
What's you're top 7 performers in you're portfolio bro? Welcome to start listing you're All Stars top 4? For me bro😂❤
I was told to spread my money across different things like stocks and bonds to protect my $750k retirement savings. Now, with the markets being shaky, should I keep adding money to my portfolio or consider other options?
Absolutely! Having a financial expert has been a game-changer for me. They provide tailored advice that takes into account my unique financial circumstances, which has helped me make informed decisions and avoid costly mistakes.
Thank you for sharing your positive experience! I've been contemplating seeking the guidance of a financial expert myself, but I wasn't sure where to start. Do you have any recommendations on how to find a reputable financial advisor or firm? I'm particularly interested in someone who can provide personalised advice and help me develop long-term strategies for financial growth. Any insights you can offer would be greatly appreciated!
Exactly, having a financial expert by your side is invaluable due to their ability to provide personalised advice tailored to your specific financial situation. With their expertise, they can help you navigate complex financial decisions, Optimise your investments, and develop strategies to achieve your long-term financial goals.
Financial experts such as Dustin Dwain King offer extensive knowledge and experience, aiding clients in crafting tailored financial strategies to achieve their objectives.
Piss off bots
In trading, possessing technical analysis skills is not sufficient on its own; discipline and emotional maturity play crucial roles in achieving success. Embracing the mindset of "time in the market vs. timing the market" proves valuable, especially during market fluctuations. I attribute my growing daily earnings to Walter James's valuable insights and daily trade signals, coupled with my commitment to continuous learning, managed to grow a nest egg of around 127k to a decent 532k. Kudos to the journey ahead!
HE'S MOSTLY ON TELEGRAMS, USING THE USERNAME...
@Gainwithwalter7
On the grand scheme of things, once you understand the potential of trad!ng, you can bet on it but I think people need the education to fully understand...
Best thing that happened to me last year that I can attest to is the progress I have made so far on trade. Venturing into
crypto was my best decision ever I know more is yet to come 2024
Mr Walter James Henry was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Walter Henry...
“Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.” - Robert Kiyosaki
I totally agree. I put $250k into stocks with my advisor, and now I've made over $4 million in profits. I used the profits to buy properties, and they're bringing in great income. It just shows how important it is to invest in things that grow over time. It's like I'm living out the lessons right from the start of his book- Guide to investing
Despite the ups and downs in the stock market, you've managed to turn your investments into good profits. Could you share the name of your advisor? I have $300k saved up and ready to invest, but as a beginner, I don't know my way around the market.
I am on the look out for experts and after doing my research online will say she meets my requirements, Thank you for sharing with us. I already sent her a mail hoping she can make out time in her busy schedule to assist me.
can you tell me examples of liabilities that “they think are assets”?
@@michealpnoel It's great to hear you're also working with her, you know its hard to find someone who knows what they are doing nowadays but she's excellent at her job. Thanks to her, I no longer have to worry about my financial situation.
Took me about ten years to get to $100,000 saving ten percent into my 401k and less than four years to grow it to $300,000. Crazy to think that I accumulated $200,000 in four years
How is that possible?
I kept contributing my ten percent as my salary went up more money went into along with the company match and about 10 percent or more in the stock market returns.
Starting in 2019 the s&p 500 market returns were 2019 31.21%, 2020 18%, 2021 28.47%, 2022 -18%, 2023 26.06%. Those are abnormally high returns. The average market returns over 50 or 60 years is 10%. The average market returns from 2019 to 2023 was 17.15%. If you had a significant amount of money invested in 2019 the market returns skyrocketed your portfolio. Additionally the 1st quarter returns of 2024 were really good. Then you add in the fact that additional employee contributions to the 401k were being made as well as likely employer matches and there you go. It was mostly the average market returns of 17.148% though. That's not normal.
yes my rate of return last year was over 20 %
Good for you. You know you are doing well when the paper gains on your investments exceeds your contributions.
I'm not even close, but I invest regularly so I'm heading in the right direction.
Nice content! Few years back I was assistant to a wealthy pen artist and within the short period I worked with him I observed that he had quite a chunk of investment everywhere, stocks, crypto, dividend investing to name a few, so he had revenues coming in from all angles. And in a year his worth doubled. With this I learned that the rich stay rich by investing.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Marisa Breton Dollard up and send her a message. You've truly motivated me. God's blessings on you.
Soo true! Now that I’m passed 100,000, with diligence and passion, I have just passed 120,000 in about 18 months. My eye is on the quarter milk million and I could be there in less than five years at this rate. Don’t underestimate how much fun this is. My new obsession is making every bit of my money make me more money and that money make me more money. No cup of Starbucks coffee gives me this much pleasure.
Good for you! What are you invested in?
Got any gold ducks? 😂❤
This is true. I hit 100000 after about 8 years at work. I woukd take 5-10 grand chunks outs. But i decided to leave it alone for a while. 8 years to 100000. About 2 months later it grew by 10 grand.
Best skill you can have when dealing with investments and money in general is patience and don't freak out if when the market goes down, that's when opportunities come.
Like last week? 😱
@lindsay3793 I have no Idea, I don't even pay attention.
@@j.m.b5441 😂 Okay well it was not pretty.
If people don’t do the math they may not even be aware they are already at $100k net worth. I did one of the net worth calculator and my assets were a little over $100k and I was shocked. I didn’t include the value/equity of my home because I didn’t get it assessed. Once I added my stupid debts it brought my net worth down to $83k. So excited to be done with these debts in December. Debt is 100% a drag on our financial growth and expansion. Knowing the numbers is the key to unlock everything.
Once I added my stupid debts
You subtracted your liabilities from your assets correct?
Hes not talking about 100000 net worth,hes talking about 100000 invested in stock market
$100K is my dream 🥲
I started late, really late. But I really started building my 401k past $5k about a year ago. And just this year I decided to try and reach $100k within 2.5 yrs. Hopefully no more than 3 yrs.
Add a plan to the dream and it becomes a goal. You can do it :)
What will you do with that 100k after you achieve it.
You got this bro! ❤
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Veronica Hoy.
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You trade with Veronica Hoy too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
The first time we had tried, we invested $1400 and after a week we received $5,230. That really helped us a lot to pay our bills.
I just hit $100,000 net worth this last quarter from saving and i plan to invest in the stock market to see it grow in the next 3 years. What is the best way to navigate the stock market as a newbie?
I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.
Consider allocating 30-40% to a High-Yield Savings Account (HYSA) and enlisting the help of an advisor to diversify into positions with the rest of your capital. My advisor has significantly impacted my financial journey, fostering clarity and confidence in the stock market. Thanks to her guidance, I've grown my portfolio from $100k to $1.4m in just 5 years.
Wonderful!!! I've recently sold property and aim to invest in stocks, seeking guidance. How can I reach out to her?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’AMBER KAY WRIGHT ” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
The stupid thing is people pay x4 -10 times the 100,000 on a house and interest. Not to mention cars, student loans, credit cards. But they can't save / invest anything for retirement or FI
Fi?
@@davidguarin358 Financial Independence
Your house is an asset. Why is this stupid?
@@DavidEVogelit’s only an asset if you’re renting it. If you live in it, it’s a liability!!
@@yz125ryder So you make up your own definitions for financial terms? This is American. I guess that you can do that.
This is such a valuable video. I shared it with my children I hope they heed your wisdom. 😊🙏🏻👍🏻👏🏼
I've already noticed that 25k to almost 45k was easier than the first 25k. I think it's crazy that I've gotten used to numbers like that now. 2 years ago when I started it was a huge amount for me. Just as I think about 200k today, that will probably become normal for me this year.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
Honestly I really need help learning. Seeing my portfolio low makes me very sad.
Trading without any guide is so risky you need to get a good mentor like Christopher Scott to help you with strategies to navigate the market.
Oh please, how can someone get to speak with a legit expert?
He’s on Instagram
This explained it to me better than any other similar video. Thank you!
I began my investment journey at the age of 33, primarily through hard work and dedication. Now at the age of 58, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
*@mellon-wrigley3* That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
Gertrude Margaret Quinto, is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
Hey Austin, here for another great video!
Austin! so close to 100K subs! :) felicitaciones.
I know! It's wild. Such a journey to get to this point.
Fellatio? WTF??
@@abrahams.lincoln6749 it means congratulations in Spanish. 🤦🏽♀️
10% is NOT realistic. 7 % is more typical.
Yes, the average inflation rate should be factored in to get a real rate of return. And platform, broker, fund fees. In real terms that 10% is more likely to be 6%. But this video is talking about absolute figures. The second 100k is worth less than the first 100k because you got it 4 years later, heh.
Enjoying your videos. Although I know these concepts, it is nice to hear your presentation style on the subject
Beautiful video like always. Love this kind of video. Thank you 😊
There are a lot of $100K explanation vids on YT, this is by far the best one
Awesome videos thank you!!! 100K see you at a Million
About to graduate college, ty for your positive, informative, and motivating videos el Austin! You are the most level headed and relatable finance youtuber! :)
Last part is probably the most important. Anytime I don't have too much issues to worry, I'm more confident in general.
First 10K is the hardest and so on....
First $10 was the easiest
Well done, Austin!
Thank you! ❤
Another great video. Here the first 100,000 will be reached over the next year. In my case, however, it is Euros and not US Dollars. I wish everyone continued success and decent returns.
Greetings from Germany
Love your videos man!
Thanks for watching!
omg! your spanish!! I love it. I'm new to your channel, and I'm watching your video from Colombia (South America). It really caught me off guard at the end when you spoke Spanish. Very nice! your spanish is great!
Yes that first hundred is a bitch took me 16 years but the second in about 6 and noticed a big weight lifting off my shoulders no longer a prisoner at a job no longer had to put up with bosses bullshit
amen. everyone should watch this. life lessons. able to breathe. thank you.
I wish i started sooner! Great advice
My plans are more like wish lists, but even a basic plan helps. Already retired, but my plan while I worked was putting 15% a year into my company 401K and have a paid off home which are now completed. Now I want to start investing in a S&P index fund but waiting for a stock market dip. It took me 5 or 6 years to have $100k in my 401k and 8 years to pay off home.
Great video
This is true. Money can buy you more time. But if you never spent any time spending money to buy back the time that you already spent. Then you are wasting your time trying to save more money to buy back time that you already lost.
Think of it as growing your money tree. Once its in full bloom, you can pick a few without harm.
Good video. 👍
You might want a plant lamp on the back of your record player cabinet to give some light to those plants. Looks like you're well on your way to creating a jungle! Good tips about the $100,000 strategy: saving for six years to get to $100,000 and then investing to see the net worth explode! Hoping to get there someday!
Thanks for the tip!
That doesn't make any sense, why would you do that? Watching your money getting eaten by inflation instead of investing.
@@60sekundenpolitik I think you missed the point of the video - the higher the amount to invest the higher the returns. While you're saving to that 100k, one could utilize a high yielding savings account in the meantime.
@@juliem.3936 Why wouldn't you just invest straight away. $500 a month into ETFs rather than $500 into crappy-bank-savings.
Several years to the first $100k and only two years to the second. Truly blessed! We are both maxing out our 401k and IRA. THAT piles up fast!
This is the 5th video I've been suggested by the algo with very similar thumbnails and titles. internet is a crazy place
Great video. Inspiring and helps keep motivated.
2 points though... I think 10% return is higher than one can expect and the other is capital gains tax
Yeah, net worth explodes when you have it in the form of crypto alt coins
Watched and liked, thanks. Could you do another video where all you say is 100 thousand dollars throughout the whole video? I would watch it.
7:16 You’re so cute ☺️
Very relatable. I’m close to reaching my 2 00,000 and I can wait.
It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
Yeah, things may be hard right now, but I've come to realize both bear and bull market, recessions and economic boom, all provide opportunities to make high gains, I used to call bluff on folks that bragged about making a fortune from such down-markets until I happened to do so myself
I agree. I've been working with a financial advisor since 2020, and I return up to 15k every month, and I don't even have to lift a finger. Although I also think the reason I make this much is because I started with significant capital.
This caught my interest. I worry that I have a couple more months before retirement, and I want to switch to using a financial advisor, but I don’t really know how to find one.
Monica Shawn Marti is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
Hit 247k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months.Started with 11k in last year 2023.
Wow, that's more than a mouthful of profits you're making.How do you achieve this feat consistently? You must be a genius!
I'm 45 and have been looking for ways to be successful?
Have you not heard of mrs Amelia Jason
She has this skill of making complex crypto concepts easy to understand and is truly commendable.
You know her too? I'm also a proud beneficiary of her super platform, there are the biggest custodians.
Motivational video to save& invest. Dude speaks spanish as well! .Y dinero da libertad.Viva la libertad ,carajo!
Hi el Agustín. What is your horoscope?☺️
Money attracts more money! But if you don’t have any money…more money flees from you.
Does it affect workplace pension as well or just funds ?
I wish you explained the math behind compound interest and why it grows so fast. Do you know why?
Took 5 years to reach 100k things I did different after 2020 open Roth IRA, max out 403b and HSA and invest money. All by learning through youtube.
I wish more young people would have your mindset.👍
In that first 100k, you also get into the savings habit. I'm on that other side of the curve. BTW, I still add to the emo fund, despite having that buffer, by 25 bucks per paycheck.
As I climb the wealth curve, I am concerned about proper diversification. I am learning about portfolio theory.
Has the what I call saving myself into poverty stopped, nope. The sacrifice continues, now in my 9th year. In the first years, growth and not diversification imho is the way to play it.
Hey Kevin!
Austin , do you like Atlanta more than Colorado so far?
I love your vids. Why don’t we teach kids this at school? It’s essential to our financial security and wellbeing. Why work for money (although you have to initially), when you can make money work for you.
But we’re do you put your money to make it grow? Have no clue in what to invest in
We MUST stop calling it compound interest. It's not interest. It's returns. Interest makes it seem almost guaranteed.
This is true, took me from 1985-1996 to build my first $100K, things happen and went back down to zero several times but kept trying and 1996 had my first $100K, wanted to spend it but didn't, reached $1 million in 2010. I am retired, living off interest but since 2019 have been stuck at $2.4 million, change in market values due to interest rate rise, inflation, and my stock picks haven't done that well but I have covered expenses and taxes, just can't seem to get my balance to move up. Making $170k in interest + Social Security this year but so far investment balance hasn't moved this year either.
Spot on.
Ive been stuck at the 100k mark for a while now. Ppl say only the rich makes money, until they have it and dont know where to go from here...
Time is the key here - power function
If you get 100k today would you go tomorrow and buy 100k worth of the sp500? Assuming you dont have debt or pay any type or rent ect ect...
No I would put 33 percent into s and p 33 percent into a global all world fund and 33 percent into another etf , maybe a high dividend etf
a 50% loss requires 100% gains to recover. A couple of bad years when you reach 100k will wipe you out just as likely as outsized returns.
That's quite true, i reached my first 100k at the age of 21. I am now 25 sitting at 250k.
Keep being disciplined after the first 100k is sooo much easier than in the beginning when you start from 0$. Now, my goal is to get to a million $ which i think i could reach within the next 7 years at the age of 32.
Should one take money from tax sheltered annuities to invest in index funds? Resulting in paying income taxes. Will the investment returns outweigh the benefit of the money being sheltered. That is …. if it is time to withdraw funds due to age.
Here's another thing for why the $100k rule and the implications of it. The cost of living is relatively similar between regular millionaires and downlow people. That means, if you have less than $100k, the amount you can afford to consistently invest is practically 0 since anything can happen at anytime. But if you have more than $100k, the amount of thing you can invest become much much more consistent.
With that being said, inflation will drive the $100k bench mark higher and higher in the future
It only took me a few years to hit 100k. I just had no interest in really spending money after I got my first career job.
Didn't really spend much money, bought a car for like 9,000$ cash out of college, bought a fixer upper house that I've just been renovating myself.
Most of my money is in a post-tax brokerage, then just maxing out the Roth IRA and then employer match just to get some 401K contributions in and have all three buckets balanced once I actually retire.
Gives me a lot of tax strategy options by having all three buckets and I like having post-tax dollars in a brokerage account as I know 100k post-tax is much more valuable than 100k in a 401k.
sorry for the question / correction.
what you explain us, is not to make passive incomes, it is investment, because as you said, we keep every incomes to the same basket, so that will grow.
we cannot live with this incomes every year.
Metric of my wealth accumulation that I’ve noticed so far:
$10,000 paradigm shift
Getting into crypto
$100,000 sober paradigm shift
Breaking $100 in dividends
Next stop is $500k
Is this according to experience or just theorie...?
I don't have investments because we put it all in my daughter's name as she is disabled. Anyhow...she is just at the 25,000 mark....getting there!
Don't put anything in her name! She can get Medicade and Medicare as she gets older. You can do an Able account up to $100K.
@@crystaldon4995 sorry..I forgot to mention we are in Canada. So the account in her name is kind of like your able account.
@@crystaldon4995 We are blessed that our disability savings plan have no cap on growth.
I think my reply was deleted. We are in Canada so this account is similar to your able account.
10% a year is without considering inflation. 7/8% return is average inflation adjusted
🔥!
Never consider margin unless you are a sophisticated investor, which precludes more than 90% of the folks listening to this channel including myself. There are large institutions and individuals as well as unplanned macro events that can suddenly drop the value of stocks and funds, and trigger a margin call. If you are not prepared with the right information and planning, it could liquidate a sizable part of your holdings. Best not to take that risk unless you are an expert at management risk in your portfolio.
Listen to him. He is soooo right!!!!
I made 100k
But a debt is killing my monthly active income
I have to go to my index investment to cover monthly expenses because my bank debt gets my 60% of my monthly income
I live frugal but sometimes is not enough
Having a debt kills your financial growth
True wealth is made after your first $100k.
What will be the figure for an indian citizen?
yes, they have always said: 'the first million is the hardest'.
I started my journey of investing 1 year ago. Investing a little over 40pc every month. Kept target of reaching 100k in 3 years
Hey do you need Video Editor. I can help you to save your Crucial time throughout my Editing skills.
Those that have a 401k match should utilize it to it's fullest capacity, and then some.
Having lived poor my whole life, I wouldn't know what to do over 100k, I'd probably just live the same, and if I made a million, donate a lot of it to family, charity, etc.