Why net worth explodes after $100K.

Why your net worth will explode after you reach $100,000. 💰#investing #investment #invest #status #spendinghabits #wealthymindset #wealthy #richlife #millionairemindset #millionaire

[HTLTDI]

Instructions not clear, I spent 100k on avocado toast.

[gunnarjuve]

At 22 I got my CDL and I’m 2 years in. Saving 20-30k a year because I have close to zero expenses. This video really excites me

[tylerandrew]

Great analogy all the friction is at the beginning

[LennefalkStudios]

Definitely recognize this, pretty much 7 years to 100k, then quickly snowballing. Now around 150k just some year after. Patience and diligence is key 🗝️🔥😊

[kevinmac]

It's crazy but true.
Even though you can logically understand compound interest, the mind doesn’t comprehend it that way.

[JustAnotherHo]

The biggest barrier to being rich is being poor.

[Derpeh]

He really just skipped mentioning that would take 32 years for 100k to become 900k at 7% like it was nothing 😂

[thinkingoutofda]

Finally, someone on the internet says something real and not far fetch.😂 Good job, guys. It is inspirational and very informative. Thanks guys keep up the good work.

[barwithm]

What a revelation! I can make 100k faster with 900k then 10k. Who would have thought?

[uropy]

Balance is important. Don’t go extreme. Unless you are really low-incomed, don’t spend everything. But don’t save too much that it hurts your life. You need money for self-care, leisure, travel, luxury goods. Get into middle and don’t let your money stay idle.

[epp]

Correct. But buying yourself coffee isn't the splurge problem it's buying a car you shouldn't with a car note you shouldn't have. It's living in a bigger or nice apartment or house just for status. It's getting a new phone Everytime iPhone rebrands their same old junk. That's the real problems and mistakes people buy. Not periodically buying a coffee. I have bought coffee most days going into work since starting my big boy jobs. I became a millionaire at 31. Coffee isn't the problem it's splurging on the big ticket life style items you're not ready for. I am building my first home paying cash. But am I building a huge house. Nope small 3 bedroom 1500squarefoot on 4acres.

[kingsleyagassi]

I appreciate how this is articulated. I feel that it's easy for me to take suggestions personally especially when it's in regards to me doing something that I already feel like I could or should be doing.

[ParagonFury]

A big problem with all these suggestions tends to be that they functionally tell you sacrifice your 20s and 30s in order to have money in your 50s and beyond, but you're also sacrificing the years of your life when you're most able to enjoy life and set yourself up for the future.

This is one of the biggest differences between the Boomers/Early Gen X and later Gens - Boomers/Early Gen X got to spend the best years of their life doing "Best Years of your life" stuff and set that as the standard everyone looked to, but later Gens. are being told they have to sacrifice those years in order to have life not suck.

[OliverTHW]

The key and the issue is the 7% illusionary return rate that’s stable and consistent

[Element_Z]

How do you get consistent 7% return year over year?

[YourNameYourSoul]

Real answer is when I try to 10x 100k I invest in easy safe crypto. When I have 1k I risk it all and when it gets to 10k I have to do it again

[EinSofQuester]

There's nothing magical about 100k. The snowball effect is in play from the beginning.

[CrayonS]

Getting 7% during your entire investment life will set you as top 1% of all those portoflio managers out there

[zatomb]

The snowball effect is absolutely true and you feel it at $1M. I think $100K is not noticeable. The way i would explain it is that 10% of $1000 is only $100 per year. 10% of $1M is $100k per year. And you put in about the same amount of effort as an investor.

[chrisnchips]

This might be a dumb question but does it still compound the same if the $100k are split in different accounts? Example: 60k in a 401k, 30k in a Roth IRA and 10k in a brokerage account. Or does all 100k have to be in one large investment portfolio?