Why Net Worth Explodes After $100K (And How To Get There FAST)

#savings #100k #1million

Saving the first $100K is the ticket to increasing your net worth exponentially. It's not luck or circumstance. Rather, it's hard work, strategy and perseverance meeting the irrefutable laws of mathematics.

In this video, I'm going to cover why the first $100K is so important, how you can achieve this target, and why your net worth will explode once you reach this milestone.

Chapters:
0:00 Intro
1:13 Why is first $100K difficult?
2:13 Why is is $1M easier?
4:06 How to save $100K fast?
9:21 Pitfalls
10:06 4 percent rule (bonus)

📷 Video production gear

Disclosure: I am not a financial advisor and the content of this video should not be construed as investment or tax advice. If you purchase a product or service using the affiliate links in this description, I may receive a small commission at no additional charge to you.

[bossballheaddawg]

i love the video. great jib explaining this. in also like etf investing, made alot mistakes on my own. smh thanks

[bossballheaddawg]

if i start with how
fast to get to a million in one account? have a job where im about 70, 000 and put about 400 a month from my job. i also have about 250, 000 in a cd where i use the intrest to add to brokerage account. invet 900 a month that i put inside of that and its about 20, 000. in it at this time.. and another ira with about 32000. im really focusing on the 200, 000 account? how long till a million in that one?

[qpockets]

Is it wrong if im investing 50% in QQQM and only 25% into SCHD & VOO?

[MrTedTederson]

I went from $0 to $100k in about two years. $100k to $200k too 1.5 years. I just sniffed $209k to start this week though I'm down to $207k after some red due to cpi reports. I like speeding up

[elromolus]

I am getting 26 years old this month and my net worth is just around $225k. I now have a salary of around $110k and try to save $40k yearly. Would love to save even more but even if i live quite frugal, i live in Switzerland where everything is crazy expensive.

My goal is to get to $1m by the age of 35

[knpstrr]

To be honest I think we have to move the bar a little. I think $300K is the new $100K.
When your account is growing $30K+ a year on its own that is more felt than $10K in todays inflationary environment.
Obviously $100K is a good milestone to hit and should be hit as soon as possible, but only to get on your way to the $300K mark. Then your portfolio is bringing in ~$30K a year on its own.
Also $3 million should be the goal today, $1 million (while great) isn't what it used to be. You'll realize it when you get there.
Push it, get wealthy. Government spending keeps this a moving goalpost

[Yeyos-omxb]

Schd or vym and why? For the retire portafolio

[cashoption]

Does the 100k have to be in one account? What if you have 100k total in stocks crypto and cash?