Why Your Net Worth EXPLODES after $100,000
Taking a few steps, our goal is to get to $100,000 in our investment portfolio. Why? Well, According to Charlie Munger, this is where your portfolio will EXPLODE and go to the moon. In this video, let's put the math behind that and look at the years to $100, $200, $300K and more. STUFF I RECOMMEND!* Personal Finance 🤑 Webull App - get FREE stocks when you get started to your $100,000 climb!! (limited time offer) ► https://averagetoamazing.com/go/webull/ 📊 The Ultimate Transaction Register - track your budget the real way ► https://averagetoamazing.com/download... 💰 Seeking Alpha - get the best research tools to stay ahead in your stock and ETF research. Receive an awesome discount off on a Premium Membership ► https://averagetoamazing.com/go/seeki... 💰 Track Your Dividends ► https://averagetoamazing.com/go/divid... 💳 Apply for an American Express Card with this link. We can both get rewarded if you're approved ► https://averagetoamazing.com/go/amex/ Saving Money & Grabbing Deals 💰 Get Legitimate Cash Back at Gas Stations, Restaurants, and More with Upside App (app is free to use!!) ► http://sweetlifesuccess.com/go/upside 📱Get a Discount on Mint Mobile and Pay Less for your Cell Phone Bill (I Save $2,000 a year!!) ► https://averagetoamazing.com/go/mintm... #financialeducation #financialindependence #firemovement Chapters of Today's Video: 0:00 - Intro 0:31 - The Math Behind $100,000 1:00 - Reaching Your First $100,000 1:15 - The Power of Compound Interest 2:17 - Investment Strategies 2:35 - Compound Interest Explained 3:12 - Managing Lifestyle Inflation 4:08 - Personal Finance Tips 5:20 - Outro 📈 In this video, we dive deep into the wisdom of Charlie Munger, who famously stated that reaching your first $100,000 in investments is a game-changer. 🔍 We'll break down the numbers and explain why this milestone is so crucial. By investing $835 a month, which adds up to $10,000 a year, and considering a modest 7% return, you can see your portfolio grow exponentially. Here’s a sneak peek: ⏳ Your first $100,000 takes approximately 7.84 years. 🚀 The next $100,000 takes only 5.1 years. ⚡ The third $100,000 takes just 3.78 years. 🔥 And it keeps accelerating from there! 📚 We'll also discuss the power of compound interest, likening it to a snowball that grows larger as it rolls down a hill. The more you invest, the faster your returns multiply, leading to rapid growth in your portfolio. 💡 But how do you start? We'll share practical tips on managing lifestyle inflation, making smart investment choices, and cutting unnecessary expenses. You'll hear personal stories, including a real-life example of trading a luxury car for a more economical one to funnel more money into investments. 🔗 Check out JL Collins' book, "The Simple Path to Wealth," for more insights into effective investing strategies. https://amzn.to/3QH1GPi 🌟 Join us on this journey to financial independence. Let's start building that $100,000 snowball together and watch it grow faster and faster. 📢 If this video inspired you, share it with others, and don't forget to subscribe for more financial wisdom. Ready to say "FU" to financial constraints? Check out our next video for more tips on achieving FU money. See you there! ► • FU Money - The Money Flex Everyone Should ... *Disclaimer: Bob is not a financial advisor. Please contact a professional financial advisor prior to making any decisions. Some of the links and other products that appear on this video are from companies in which Bob Sharpe earns an affiliate commission or referral bonus. Bob Sharpe is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
