Why Your First $100,000 Is The Hardest | From $0 to $100,000

Charlie Munger, renowned investor and vice chairman of Berkshire Hathaway, says saving the first $100,000 is the hardest part. Many wealthy individuals agree, finding it tough to save that initial $100,000 and hitting the first million. After reaching $100,000, it's easier to make more money quickly. Moreover, getting from $1 million to $2 million seems to take less time compared to the first million. So why does saving get easier as you go along?

[moresugartradercc]

I didn't find getting 100k was hard but reaching 1 million was very hard but after that each million gets easier your wealth doesn't go up in a straight line there will be setbacks as you learn how to grow your wealth without losing it

[bands]

Almost feel burnt out, I’m 21 and have 41.5k between my Roth and 401k. Kinda wanna stop and start saving heavily to buy a house in cash to start having kids with my fiancé. I have 33k saved so far towards a house. Just looking for some solid advice, would it hurt if I cut my Roth in half instead of maxing it and only do what my employer matches?

[Alexibawendi]

Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34, 500 per week even though I barely trade myself.