Why your first £100,000 is so hard (the rest is EASY)

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In this video, we explore how to save your first £100,000 and why the first £100k is the hardest but also why it gets easier after this thanks to the joys of compound interest.

I'm a huge fan of investing in stocks and shares either through vanguard, fidelity or other investing platforms in a stocks and shares ISA

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WHO AM I:
I'm Matt, a product owner and property investor working in London, UK. I make videos about money, finance and property investing to help people lead a more financially savvy life. In my spare time, I’m documenting what it takes to diversify my income and build a business.

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completely agree. The first $100k was the toughest, and I didn't really start seriously investing until I was 30 back in 1998. Today, I'm 55 and have a decent $1.2M nest egg thanks to my fa Emily Lois Parker. After learning all of this, my only regret is not starting earlier when I was 25. It may not seem like much but those extra 5 years are the most important.

Lorre
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I completely agree. The first $100k was the toughest, and I didn't really start seriously investing until I was 30 back in 1998. Today, I'm 55 and have a decent $1.2M nest egg thanks to my fa Olivia Rene Reyes. After learning all of this, my only regret is not starting earlier when I was 25. It may not seem like much but those extra 5 years are the most important.

tylerforeman
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Good video but as always its always easy to say when you have £20k+ coming in on the side. Any investment or habit change will make a difference hahaha

Lyzaaarnew
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"it's not likely they're going to have a huge crash" yet Amazon is down 31% in the last year 👍 too simplistic.

dasamster
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Do you think it's better to keep investing post 100k vs taking the money out of an ISA for a deposit of say 50k before you actually hit 100k?

CG-mtgr
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Once you have capital to start, almost everything seems like an option!

JasenF
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I've recently started looking into videos about stocks and shares (yours and James Shack's channel have been the most helpful). I decided to opt for Vanguard's LifeStrategy 100% Equity, giving £100 per month from my savings. It's high risk, high return. Would you say that's a good option, even if I started late (I'm 29)?

MrsUzumaki
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How much one needs to have to be able to invest? Maybe thats a video topic ;) how does one invest in ISA? or we have to go through Vanguard?

maxelbrig
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Relying on the market up-and- down casino is not an option. Retiring in the USA (my case) is not an option. I have a 401k, roth ira, annuity, and cash. Getting out of the "Gunited States", should I survive the almost daily mass shootings, is the most important aspect of my plan. Cash is king when living in a country where USD goes twice as far. Having growth investments in the market and dividend index funds is important. But the annuity and savings account cash will sustain me as the casino does its up-and-down- thing.

randymillhouse
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my isa has not grown at all in 2yrs....I have 120k in isa

Rajantuber
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Tesla is one of the least risky long term companies IMO, especially at this price. At a $700 price, following their current growth trajectory, that equates to a P/E of 25 mid-next year.

_permanence