The Hardest & MOST IMPORTANT Investing Milestone | The First $100,000

How long did it take you to reach your first $100,000?

Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research.

Thanks for watching, I appreciate you!

[roderick.t]

I didn’t start investing seriously until age 30 (1998). It took nearly 10 years to break $100k, and another 6 to get to $300k. Today, I’m at $1.2M. My only regret was not starting earlier, say at 25. Those 5 years would’ve made a big difference.

[rayemanuel]

18 months ago I was 59 years old and facing a very bleak life in retirement. After watching one of your videos, I was motivated to change my financial life. I now have $30K in my Roth IRA and company 401k combined. I also have an $8K emergency fund. Thanks for lighting a fire under me Erin!

[jacobchristian]

I hit my first 100k in 6 years. Only took 2.5 years after that to get the next 100k.

[chriselsen]

Unfortunately I didn’t really start investing until my early 40’s. I hit $100, 000 at 50 and now at age 53 it’s already grown to $180, 000!

[GH]

I was so excited when my 401k Roth hit 10, 000. It was a huge milestone for me because I was just out of college and starting my 401k with my new company. It took me forever to finish college so it's wonderful to finally have the opportunity to invest more. Now on to hitting 100, 000 !!! 💖💖💖

[The_Fancave]

In 2017, my net worth was -51K. I broke even in 2019, and currently have a net worth of 112K. I have no magic formula, no real estate deals, and certainly never had anything handed to me. It was just a matter of soaking up as much overtime as I could, and living well below my means.

[reebeeable]

So many over achievers! It took me 30 years to save $100, 000. During this period I paid off my house, a debts, put my child through college, traveled to wonderful places, and earned a pension. I should have saved more but am not sure which of these things I’d give up. It’s all about choices and your videos make the long term implications of those choices clear. Keep them coming.

[The-Analysis]

I am happy to say I am just below my goal of 100K. I am at 97K

[wealthbytes]

The scariest numbers are the percentages you shared. Crazy only that many near retirement age have $100k in retirement.

[jaymepechan]

I put $3k in a custodial account when each of my 4 kids were born. Nothing after that. My oldest daughter started college last year and got to start with $195k. My son is next and will turn 18 next year and even with the down market has $180k waiting for him. My son that is just starting high school has $120k and my youngest going into 7th grade has $85k. Time made this possible. Putting together $3k when the kids were born was hard but it was a one time thing for me and all saving since went into my wife and I retirement savings, now well over a couple million. I feel fortunate that I followed my instincts when I was young because what Erin says here is so true and time is your most valuable resource.

[Dantursi]

I wasn't financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly basis via my investment and got 5 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this.

[rzvihbt]

Having a stable marriage with dual income is another critical factor to accumulate wealth fast for an ordinary family.

[bryan_witha_whyy]

It took me 15 years to hit $100, 000. Low pay in the military, zero financial literacy upbringing, and having kids young made it tough. But we got there, and even in the downturn are trucking harder toward the next milestone.

What took us 9 years to get to has now taken less than 2. Stick with it. It’s hard. Sometimes very hard. But oh so worth it.

[Bfolks]

Starting from $0 at 35 in 2019 and now I’m 38 with $65k… I’m hoping within the next 2 years to hit that $100k.

[ramenandgyoza]

We're immigrants here in the US and it took us almost 3years to Hit 100k. 3yrs later we're a little over 400k.😀 what has been working for us is contributions to 401k, ROTH IRA, no consumer debt, Budgetting and Living Below our Means.

[johnmiech]

I do remember celebrating the $100K mark (at 31), so you are not the only one. 🙂 As you explained so well, it is a major milestone from a psychological perspective.

[matthewsheets]

It took my wife and I 4-5 years to save our first $100, 000, and we have never made a combined income of more than $90, 000

[joshlowell]

I hit it at the age of 35. I didn't go to college. I just went to work. I worked in a warehouse during the week and a restaurant on friday, saturday and sunday evenings. I din't have a girlfriend, my girlfriend was money. It is a huge accomplishment and the 2nd hundred was just as hard to save.

[coreyschneider]

At age 43 I was negative $50, 000. Changing jobs. No idea what I was gonna do for money work. I’m 47 now. I saved and bought a detached 4 bedroom house all on my own. Starting to build my stock portfolio. Picking up speed !!!!

[ramrod]

Erin, that Charlie Munger quote was from the 90s so in inflation-adjusted terms, it’s probably now more like, “The first $250, 000 is the hardest.“