Why Net Worth Goes CRAZY After $100k!

[CarlosSuarez-tkqk]

That’s why vampires are never poor on TV shows / Movies.

[AboveGroundArmament]

The first million is the hardest, so start with the 2nd!

[TheMightySandow]

The most enjoyable route to a small fortune is to start out with a large fortune.

[prdmakovy]

So basically you can live comfortably from 92 till 93

[Abe_Hartman]

Over a lifetime ten years can double your interest. INVEST EARLY
Edit: Thanks for the likes

[xlerb]

That is so true. It seemed to take me forever to get to $50K. I'd keep putting money into the 401k via payroll deduction and the balance would jiggle around a bit as the markets went up and down but it really seemed to not be doing anything much. But it finally hit 50K and it didn't take nearly as long to hit 100K. And by then a 1% change in the value of the funds in the 401k meant a $1K change to the balance. So I could hardly even notice my deposits in the background noise of the markets going up and down. And the balances just kept jiggling around, sometimes down quite a bit like in 2008, but in general up and up at an increasing rate. Compound growth plus time in the market are the closest things to magic you'll see with investing ;)

[donicaalexandru]

So basically the more money you have, the bigger the interst

[โสภาสิงห์ทอง-ฟว]

Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!

[DenLiko]

Theory: invest early
Investing apps: 18+

[nightlady]

Good reminder! Thank you. Now off to get working on that first 100k

[Stephen-ieuq]

I'm an employee with FedEx. I'm 44 years old and I have about 170, 000 in my combined savings. I also contribute approximately $15, 000 a year so this year I'll make $35, 000 in interest at a 10.7% return, give or take. Keep your back healthy and try to avoid early retirement because those last couple years are an absolute Bank Heist

[aaron]

When the term millionaire was coined, with inflation adjusted, it would be about 25 million of today's money. So when you are technically a "millionaire" and wondering why you are still getting tap water when asked still or sparkling, it's because the term is so very diluted.

[Simplestorigin]

Its like the quote “the first step to success is always the hardest”

[amarug]

sitting here with my 100k still not sure how this is going to get me further. at this point i'm just worried of losing it to expensive eggs

[sangEta]

Unfortunately 7% inflation destroys half your purchasing power every 10 years. In 10 years $1, 000, 000 will buy you what $500, 000 used to 10 years ago.

[Hannibal-txis]

Guys, that first billion is always gonna be the hardest, don't let that stop you!

[maxmorrison]

Jumping from 200k to 900k pretty quick there pal 😹

[geord]

True,
Lots of successful people said the first 100k is the hardest

[jonathantaylor]

8% unfortunately requires significant risk. No bond is paying that. You need an index like Nasdaq or SP500.. their longterm average might be 8% but if you planed to retire in 2009 you lost 50% of your savings compared to 18 months prior.

[abolisher]

Agreed Tilbury I’m close to reaching my first $150k my young mind wants to buy a brand new 2025 BMW m2 because I drive an old 2006 Honda accord and everyone thinks I’m poor because of it but my investment mind tells me take that $75, 000 and invest in the S&P500 and when your 40 you’ll thank your younger self.