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Why Your First $100k Is The Hardest (Mind-Blowing Maths Revealed)
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Charlie Munger famously said "the first $100k is the hardest" but in this video we're going to go through the maths to see if he was right or not.
Thank you to @FamilyFinance and @ThomasGoldstepFinance for the inspiration behind this video!
I think you'll find these numbers motivating because it shows that after you reach the hurdle of your first $100k, it does indeed get so much easier to grow your wealth. I'll also share some tips on how to save your first $100,000.
Track your portfolio:
Free resources:
💰 Some links below may be affiliate or referral links. It doesn't cost you anything extra to use these links but you'll be supporting my channel 😊
Bank Accounts:
Investing app:
Credit Cards:
💳 AMEX Velocity Platinum Card - Earn up to 100,000 bonus Velocity Points
🛍️ Free websites to get cash back:
🖤💛❤️
We acknowledge the Traditional Custodians of our land, and extend that respect to all Aboriginal and Torres Strait Islander peoples today.
🏳️🌈
We respect and celebrate the diversity of our communities.
Disclaimer:
This information is general in nature and does not take into account your personal financial circumstances. It is for educational purposes only, and does not constitute personal financial advice or any other professional advice. You should always do your own research and seek professional advice that is tailored to your specific needs and circumstances.
Thank you to @FamilyFinance and @ThomasGoldstepFinance for the inspiration behind this video!
I think you'll find these numbers motivating because it shows that after you reach the hurdle of your first $100k, it does indeed get so much easier to grow your wealth. I'll also share some tips on how to save your first $100,000.
Track your portfolio:
Free resources:
💰 Some links below may be affiliate or referral links. It doesn't cost you anything extra to use these links but you'll be supporting my channel 😊
Bank Accounts:
Investing app:
Credit Cards:
💳 AMEX Velocity Platinum Card - Earn up to 100,000 bonus Velocity Points
🛍️ Free websites to get cash back:
🖤💛❤️
We acknowledge the Traditional Custodians of our land, and extend that respect to all Aboriginal and Torres Strait Islander peoples today.
🏳️🌈
We respect and celebrate the diversity of our communities.
Disclaimer:
This information is general in nature and does not take into account your personal financial circumstances. It is for educational purposes only, and does not constitute personal financial advice or any other professional advice. You should always do your own research and seek professional advice that is tailored to your specific needs and circumstances.
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