Why Net Worth Skyrockets After $100K

The trick is to not allow for lifestyle creep. Normally most people end up buying more things and expensive stuff the more money they earn. If you keep to a modest lifestyle, limit your outgoings and resist the temptation to buy luxuries and flashy things you end up saving a ton of money longterm.

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

Because they are no longer guessing what works, they now know!

Basically, stay humble and stack sats 💪

“The first $100,000 is a bi***, but you gotta do it.”“I don't care what you have to do – if it means walking everywhere and not eating anything that wasn't purchased with a coupon, find a way to get your hands on $100,000,”Charlie Munger

Excellent explanation! The takeaways from the video: 1) There are two key factors at play: capital scale and compound interest. 2) Scale of capital: absolute returns depend on the size of your principal. A 7% return on $100 or $1M yields vastly different outcomes. 3)Compound interest: often referred to as the 8th wonder of the world. It’s not just about earning interest on your principal but also on your interest. This non-linear relationship becomes very evident after around $100K, and then accelerates over time. For example, the first $100K may take 7 years, the second $100K just 4 years, and so on. 4) The roughest part of the investing journey is at the beginning (<$100K) because compounding hasn’t yet started doing the heavy lifting for you. 5) This is the reason why many focus on money-pinching as much as possible to reach that first $100K. Every effort matters, especially at the outset. 6) Focus on patience and starting early: a crucial factor determining how large your portfolio will be is how many years you allow your investments to compound for. 7) Concentrate on increasing the amounts you invest, rather than chasing after investments that may (or, more likely, may not) yield a few extra percentage points.

Good one sis! As a middle-class woman trying to get her finances together, I’ve always been an advocate of investing in stocks because it has paid off handsomely since I decided to get into it.

why are all YouTubers making this same video with the same title

Ive just gotta say, Ive tuned into your channel on and off, and the growth you have experienced since starting your channel is absolutely incredible. With only 88 videos, and over 1M subs in 2 yrs, wow...massive congrats to you. Every video / short is packed with high quality value. Hope you have celebrated many times over. 🎉

Getting your first 100k is hard work. But this is doable by having a good side hustle and business. Worked for me 🙏🏻

Finance influencer's love to make this video because of the Charlie Monger quote around doing everything you can save that first 100k. 100k is a completely arbitrary number. The rules of compounding work exactly the same on 1000 dollars, 100 thousand, 1 million or 100 million dollars. If all you can afford to save is 10 dollars a month it'll take you the same amount of time to get to 1000 dollars than if you can afford to save 1000 dollars a month to get to 100k. Compounding works and it is a thing. The 100k is a nice target to aim for, for most people as it is a lot of cash compared to how much most people earn but if you earn way more or way less it is an irrelevant number.

Great video, Nischa. Could you do a video in the future that specifies what to invest in with your first 100k? It would be a massive help. Thanks.

Thank you for all your financial advice I have been watching all your content for over a few years now and it has definitely helped a lot

I've definitely noticed this. The first 100K felt like I was sacrificing mightily, but I'm on the road to 1M now and it genuinely feels easy.

Amen! Nischa, you produce great content that is essential for all wealth builders.

The first 100k seems to be so hard for some because you're basically still setting up a foundation for your portfolio to stand on and then the latter comes easier since now you're familiar with diversity ,where to place your funds. I made my first million from going diverse, mainly blue chip stocks. high value etfs, S&P500 and coins ..with the help of my F.A Anna Rounds Fay handling my portfolio it's been a year of steady growth.

Thank you for explaining compound interest in an easy way to understand. The graph with the arrows were a great visual for me. ❤️

Always so concise, thank you Nisha!

Love your content Nischa

Really love your content. Keep it up and thanks!