Why Making The First $100k Is So Hard?
Building wealth is typically a slow process, especially when you're just getting started. In this video, we're going to talk about why making the first $100k is so hard. Let's deep dive into the video to learn the easiest way to save $100k first. ð Subscribe to my channel to stay tuned: https://cutt.ly/c1myzH4 Most people, saving their first $100,000 is one of the most difficult milestones to achieve. That's because when you're starting from $0, you don't have money already working for you and helping you to amass more wealth. Saving your first $100,000 will be a matter of how much you save and how successfully you invest. The video shows two things of why saving the first $100k is so hard. If you can save $100k early in life and give it lots of time to work for you, it can multiply many times over. That's why it pays to save as much as you can when you're younger. Your early sacrifice will be well worth it in the end. Saving or investing your first $100k is very difficult as at this stage in your financial life, you have very little money in the market earning you more money via compounding. Moving from 1 million to 1.1million is comparatively easy as you have 1 million earning you returns each day. So the first $100k is as hard to save as it seems, what steps can we take to make this period easier and get us started on an exciting wealth-building journey over time. If you're interested to know why making the first $100k is so hardest and how to save your first $100k as a minimum wage earner then keep watching the video till the end to learn each everything. â Check out more videos: Buying Vs Renting: Should You Buy or Rent a House in Your 20s? - The Financial Educator ⊠   âĒ Buying Vs Renting: Should You Buy or Rent ...  Saving: How To Manage And Save Your Income - The Financial Educator ⊠   âĒ Saving: How To Manage And Save Your Income...  How To Reduce Extra Expenses To Save Money | Big 3 Factors To Save Money ⊠   âĒ How To Reduce Extra Expenses To Save Money...  We hope you enjoyed this video. Make sure that you click the "Like" button and also share this video with your friends and others who might also be interested to learn why making the first $100k is so hard. Please click "Subscribe" and click the bell icon to keep up to date with new videos from The Financial Educator. And if you've got any questions or feedback about this video topic, please leave a comment in the comments section. #WaysToSaveYourFirst100k #WhySavingTheFirst100kSoHard #financialfreedom #investmentstrategy #MakeMoney #HowToMakeMoney #howtosavemoney
