Why Net Worth SOARS After $100k!

This is why net worth goes crazy after you make your first $100k. In this video, I share how the maths works, and tips on how to get there as quickly as possible.

TIMESTAMPS:
00:00 - Intro
00:46 - Compound interest
01:35 - The numbers
04:05 - Contributions and interest
06:18 - Tips

MY FILMING GEAR:

DISCLAIMER:
This content, and the ideas presented in it, are for education and entertainment purposes only. Kiran does not provide tax or investment advice. The information presented does not consider the financial circumstances of any investor, and therefore may not be suitable for all investors.
Although Kiran is an Accountant, no Accountant-Client relationship is established with the viewer in any way.

As an Amazon Associate I earn from qualifying purchases. The product links in the description are affiliate links. This means if you choose to buy something through one of these links, I may receive a commission on the sale, but it makes no difference to you as a buyer.

[JackStainstone]

my Wife and I, both 33 with about $800k in investments, excluding home equity and rainy day funds. I've always strived to stay on top of my finances, hoping that being disciplined in my 20s would allow me/us to have more breathing room in our 40s+ But now, as life's demands intensify, we're pondering a crucial question: should we bring in a financial expert to help us maximize our wealth?

[Riggsnic_co]

The average stock in my portfolio has been cut in half, and the only way to make money this year has been to either short or to trade long in very short time frames. I'm still at a crossroads deciding if to liquidate my dipping $117k stock portfolio, what’s the best way to take advantage of this market?

[BraunRob]

Start early with diversified investments in stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure

[IsaacSMILE]

Yay I’ll be a millionaire at 87 years old. Buzzin.

[Mary-hw]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274, 800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

[zenastronomy]

when buffet and munger were talking about 100k, 100k had the purchasing power of 1 million or maybe even 10million
that's what all these youtube "first 100k" videos keep missing.

[benjamineprg]

Wow, this is really awesome, not everyday one gets to stumble upon real gems like this.. thank you !

[AidenCheatle]

I will be forever grateful to you, you changed my whole 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 Elizabeth Wesley

[taranpy]

What's the optimal strategy for someone with around $500 or even less, to begin trading cryptocurrencies today?

[Owaismh]

Awesome! Very well explained and clear communication. Thank you so much.

[elijaprice]

A good example of the power of exponentials is the Human Genome Project. After 1 year, the project had only mapped one ten thousandth of the genome, and the media at the time (that didn't understand exponentials) ran lots of stories along the lines of "This is a ridiculous endeavour, it's going to take 10, 000 years". But it didn't. Because of the exponential growth of computing power, it only took another 12 years (and actually completed faster than anticipated).

[runabath]

Ur stuff is really good 💯 I like the tax and this too ❤

[tjunited]

I love your channel... you're one of the best financial guru and very realistic. Keep it up.

[paulkerr]

thank you Kiran. another great video keep doing what your doing we love it, your a star

[gatekeeperboxing]

It only soars if you make the right choices of course. I hit this mark pretty early on in my career, probably within the first 6 years of working. I've never had expensive tastes or enjoyed going out and spending all my salary on things I don't really need, so it wasn't really all that hard for me to achieve. Don't think that this can't be achieved on an average salary, because thats pretty much what I earned for alot of my career.

[srinivasanpalani]

Thanks, useful info. it would be helpful to know education loan, is it worth to avail same for uni degree

[MondayTuesday]

5:00 How come the red dot to the very right doesn't follow the upward trend????

[nickd]

Can you explain what you mean by ‘compounding’ where it relates to the stock market? As I see lots of financial YouTubers use the term.

I understand the term when it relates to bank account interest then earns its own interest and compounds that way.

I guess when you invest in shares then reinvest the dividends into more shares then there’s a compounding effect.

But when you talk about the stock market it returning typically returning 7% then you really talking about an increase in share prices. Presumably 7% being a greater monetary value each year. Though that’s obviously not locked in as share prices can go down as well as up.

Am I missing something here? Or is there a different definition to ‘compounding’ than my bank interest example? Thanks for the help.😊

[TheKlink]

could you do a video on debanking please?

[Alfie-Crypto]

Do you invest in more riskier assets such as crypto ? If so could you make a video on this please.