Why Net Worth Goes CRAZY After $100,000!

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⌚️Timestamps:
00:00 Start Here
00:16 Reason 1
02:34 Reason 2
04:03 Strategy 1 to get to $100k Net Worth
05:16 Strategy 2 to get to $100k Net Worth
07:00 Strategy 3 to get to $100k Net Worth
08:42 Strategy 4 to get to $100k Net Worth
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All opinions expressed by Vincent Chan are solely Vincent Chan’s opinions. You should not treat any opinion expressed by Vincent Chan as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Vincent Chan’s opinions are based upon information he considers reliable, but does not warrant its completeness or accuracy, and it should not be relied upon as such. Vincent Chan is not under any obligation to update or correct any information provided. Vincent Chan’s statements and opinions are subject to change without notice.

Past performance is not indicative of future results. Vincent Chan does not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned. Before acting on information, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

[c.t.u.o]

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!

[karakol]

He forgot to mention that 100k cultivates the skills of discipline. I saved well past 100k and bought real estate. Now i am working to rebuild that 100k, half way there!

[Jack_Clemans]

$100k is SO powerful, not just because of the compounding power (which is really the same realitive to amount at all levels of net worth) but the psychological boost you get for having 6-figures in savings is incredible.

[veronicasvideodiaries]

I started watching finance channels at 17. I'm 28 now and so incredibly happy with how my net worth has grown over time.

[Robbertskypes]

The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings to about $1M over time?

[jmercy]

I’m so grateful for your videos. I am a 47 yr old school teacher and am ready to get out of debt and start building wealth so I can retire before I burn out 😔I am hoping it is not too late.
You mentioned starting a workshop for young people on one of your other videos. That is next level. I would love something like that for my son who just graduated from high school. Thank you 😊

[Maddison]

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!.

[jeffdunnell]

All good if you got 15 k left after paying bills and eating, just pay yourself first at least ten cents of every dollar you make and never spend it, invest it when it’s big enough, you won’t need much for having money that makes money.

[funnycartube]

I am just starting to try and save my first 2-3k at 36 years old... Oh well. I guess better later than never. 🤷

[BSGSV]

Another way people fail to build wealth is squandering money on bad choices: I just went to lunch yesterday with a friend and her friends. Her friends drove us in their 7 series BMW which they leased new in 2021. It is an $80k car and the husband works as a tradesman at a blue-collar service business. The lease payment is $1200/mo. That means over their 3 year lease, they will lose $43, 000 and have nothing to show for it. Instead, since they claim they needed the space for their kid, they could have PURCHASED a new minivan for that amount and OWNED the vehicle which would have been good for at least 10 years or more with lower maintenance costs and more room. Their annual transportation costs would have been a fraction of what they are losing today. You might argue, they want and "deserve" the luxury though they complained the car isn't as convenient as they wanted. I would counter that it is not luxurious to ride in a car with cheerios and cheezits all over the rear carpets and jelly smears on the B pillars and they would have been better off functionally and financially BUYING the minivan (preferably 1 year used).

[jaimeeoww]

This guy is one of the only few guys on youtube who actually gives me hope in myself

[francisebbecke]

Vincent is right about this. Interesting that nobody in business class ever mentioned this or even dollar cost averaging.

[geoffreyguist]

great information, and a good job keeping the video interesting even though it's educational. I find myself both watching and uploading personal development, business, and money related videos

[SimpleMan]

Great information. Thank you for sharing your knowledge.

[Levrez]

Super interesting video, I hit 100k earlier this year and it’s been crazy to see how quickly it grows now!

[enigmathegrayman]

Anyone who can amass 100k is not an ordinary person. I talked to people about money and it seems like most people would have difficulty saving enough money to cross the street…

[PhilFlock]

Crazy that this video got recommended to me and I literally reached 100k in savings/investments this week.
It did take me around 5 years to get there
So you're saying I could be a millionaire soon?

[nomadicvibesofelle]

I am on track to hit 100k next year. Started at 35 and will be 38 this month.

[seanjohnson]

Using physics to help explain the critical mass thing, how helpful.

[enlat]

Sound advice given on this video. Many financial gurus will recite the same strategies/methods that are one size fits all.. however a person's finance will as unique as that individual's personality. What works for one will not work for others, therefore it's best to create your own custom financial path. It will lead you to your financial goals because it is specifically tailored to you by you. Math never lies, if the goal is to buy a car or a home the math will tell you how much car or house you can afford... if you can't afford what you set your mind to it, either scale that car or house down and/or increase your income with a side hustle, finding a better paying job. At one point I had three jobs as I had set a goal to my a home. It took me 2 years to save enough to buy a small 1br condo. If I didn't hustle and continue to only work 1 job I'd probably would still be renting.