The Truth About Saving My First $100,000

The links above are either affiliate or referral links meaning I receive compensation from their use. By signing up using these links you can help support my channel.

I only list apps/services that I use/have used myself or that I can recommend with high regard.

💸 My personal banking/investing set up currently is...

🤝 Business Inquiries

00:00 Intro
01:13 The State of the Market
03:49 The Truth About Personal Finance
06:48 Course Sale
07:21 Answering Your Questions
12:15 Don't Invest This Money
15:43 This Doesn't Get Talked About Enough
17:59 Are You in the Wrong Place?
21:28 The First $100K is the Hardest
26:21 Conclusion

[ThreeTwentyTech]

There's something special about that first 100 thousands dollars... it's the first 6 figures that you hold in your possession, it's a special achievement. It teaches you that *discipline* and *determination* CAN deliver results.

[thabangramodipa]

Goodness gracious. The intensity of the resonance I felt while you were talking about finding your fit. The thought of never finding the square hole is honestly terrifying. This was such a great reminder Steve. Thanks for the pep talk

[tyler]

For me, the 100k was the hardest. But 300k should be everyone's goal. Work your tail off to get there. Why? Because at the historical return of ~10%, that means it's growing 30k a year, which is more than what I can legally put away tax deferred. It's the point where I can no longer keep up with my own investments. And that's a great feeling.

[Zaerki]

The first 100, 000 is a b*, but you gotta do it. I don't care what you have to do – if it means walking everywhere and not eating anything that wasn't purchased with a coupon, find a way to get your hands on 100, 000. - Charlie Munger

[cheynebest]

A 5 year window seems to be a long time to essentially park your money for when you need it. The market in one of the worst financial crisis being 2008 recovered quickly. Same for this covid crisis. Having your money basically only protected from inflation is better than nothing but I believe missing out on the upside of the market outweighs the risk in a five year time horizon.

[Xspeedspec]

I agree high income is a bigger key with saving and living minimal.

[ashC]

Videos like this are the reason i visit this channel every week.

[JourneyofFinance]

A much needed reminder for all of us in today’s personal finance space about sticking to the fundamentals. Slowly but surely works every time. Speed it up by increasing income. Thanks for sharing Steve. Good luck on the move!

[ryannatwick]

Stayed till the end. I really enjoyed the change of pace and authenticity. Also really solid advice that we can all benefit from!

[Je.rone_]

Your channel and its quality is very inspirational, I'm taking notes

[Deixaeucontar]

You considered the I’m so happy this channel exists.

[krestonferris]

Thank you for the energy that you are putting into all of this. I enjoyed this fireside chat style of talk. Cheers mate.

[GriffinMilks]

Great reality check in the first part of the video Steve. Important for newer investors to understand. Saving towards that first 100k is tough and I agree that there's no magic solution. Classic PF method is the way to go.

[anojansmart]

Hit my first $100k across my savings and investment accounts recently after 5 years (paid off student loans in that time frame too)! Excited to see how quickly I can accumulate the next $100k (just think of all the McDoubles I can buy)!

[KhanStopMe]

I've been trying to figure out how you light and shoot your videos, the quality of the light is beautiful and I'm so perplexed how you pull it off!

[setso_za]

I would like to thank @Steve Antonioni for making these videos and sharing this information; I would also like to thank everyone that liked this video, otherwise I wouldn’t have been recommended this channel! 🙏🏾

[LisetteZ]

That was really interesting! We are just one year in investing and it’s a grind. With questions like, are we better off investing in etf’s, crypto, solar panels or going up in car because we keep having to repair it. Good reminder that the first 100k is the hardest!

[wildlifelouie]

You single handedly made me reevaluate my relationship with money and start caring about personal finance! 🙌🏻 great job man

[lasertag]

this was a great video! i appreciate your honesty and can't wait for more content like this

[ejb]

Great video! Thanks for being so open. Its very helpful to us all.