Why Net Worth Explodes After $100K

Рет қаралды 124,308

Күн бұрын

Once you reach $100,000 everything starts to change. Here's why.
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Chapters
00:00 Start Here
01:14 The Power of Scale
02:19 The Magic of Compound Interest
04:04 Making Money Starts To Go From Active to Passive
05:25 The Power of Margin
07:07 The Mastery Of Money Skills
08:35 The Ability to Increase Investment Amount
09:48 The Ability to Breathe More
The hardest part of your wealth building journey will be reaching your first $100,000 because it takes patience, discipline, and sacrifice; however, once you reach your first $100,000, you net worth really starts to speed up and wealth building becomes easier. In this video I explain why your net worth explodes after reaching $100,000.
1. The Power of Scale
The #1 principle of money is that "money makes money." The more money you have, the quicker it'll grow. For example, the stock market returns an average of 10% a year, so the more you have invested the bigger your returns will be. Once you reach $100,000, you have scale where your returns are a substantial amount.
2. The Magic of Compound Interest
Wealth does not grow linear, but it grows exponentially due to something called, "Compound Interest," which is “Interest from both principal sum and previous interest gained.” Once you reach $100,000, compound interest really starts to take off and speed up the process where reaching the next $100,000 takes less time.
3. Making Money Starts To Go From Active to Passive
Most people make their money in a very active way through their labor; however, once you reach $100,000 and have a decent amount invested, a substantial amount of money you make each year is now passive. This allows you to build wealth at a much quicker rate since your income isn't determined on your actively making it.
4. The Power of Margin
In addition to money making money. Money also gives you margin, which is a buffer between you and being broke. Margin gives you time, which ultimately gives you options. Once you reach $100,000, you have more options in life and can seek better opportunities in life where you're making more money.
5. The Mastery Of Money Skills
Getting to $100,000 takes a lot of time and is a journey. On that journey, you learn to master many money skills. Once you reach $100,000 you more than likely have a good understanding of many skills that allow you to build your net worth.
6. The Ability to Increase Investment Amount
More than likely, once you reach $100,000, you have a completed emergency fund. Once you have completed your emergency fund, it opens up more room to invest more money where you can build your wealth at a quicker pace.
7. The Ability to Breathe More
When it comes to feeling secure in life, $100,000 is that magic number that allows you to breathe a bit more. You still have problems, but do not view money as scarce anymore. This allows you to focus on continuing to build wealth with a clear mind.
**This video is intended for entertainment purposes only, none of it should be interpreted as financial advice. Links above are affiliate links where if you click and order, I will receive a commission at no cost to you. **

Пікірлер: 661

@AntagonisticAsian Күн бұрын

Great video, Austin! The first $100,000 invested was amazing. But when you hit $300,000 it’s like smashing the glass ceiling! I cried.

@TylerofSc004 Күн бұрын

I completely agree with you! My first 100k took a long time and wasn't that special to be honest with you. Once I hit 300K that is the game changer in my opinion. At this point my money is basically making me a pretty good yearly salary. When I go to sleep at night I know my money is making decent money with the help of my FA

@greekmom Күн бұрын

Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.

@blind_luck_ Күн бұрын

I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.

@greekmom Күн бұрын

Kristin Amber Landis is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

@blind_luck_ Күн бұрын

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

@ErinWarner-zc9jy 19 күн бұрын

It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...

@annaj.osorio 19 күн бұрын

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K

@AndersonCallaway 19 күн бұрын

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@annaj.osorio 19 күн бұрын

Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

@GarridoLuis545 19 күн бұрын

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

@RaymondKeen. Ай бұрын

At the very least, I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.

@Hectorkante Ай бұрын

Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .

@RaymondKeen. Ай бұрын

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

@SandraDave. Ай бұрын

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@RaymondKeen. Ай бұрын

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.

@EddyAgnes-vy4kp Ай бұрын

Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from Melissa.

@sommersalt88 Ай бұрын

Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!

@gagnepaingilly Ай бұрын

My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.

@84gaynor Ай бұрын

@AntagonisticAsian Ай бұрын

I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.

@84gaynor Ай бұрын

*Jennifer Leigh Hickman* has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.

@AntagonisticAsian Ай бұрын

Thank you for sharing, I must say, Jennifer appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.

@brianwhitehawker1756 10 күн бұрын

The S&P 500 moved 8.9% higher last Month, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance.

@BerryRyan-gl3sm 10 күн бұрын

I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.

@yeslahykcim 10 күн бұрын

Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022

@lucaswilliams9992 10 күн бұрын

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

@yeslahykcim 10 күн бұрын

Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@Jadechurch-ql3do 10 күн бұрын

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

@KristinPMosher Ай бұрын

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

@mikegarvey17 Ай бұрын

@mariaguerrero08 Ай бұрын

Exactly ! That's my major concern and what lucrative investment can one venture into with the current rise in economic downturn

@ThomasChai05 Ай бұрын

In fact, I had no prior experience or understanding when I began investing in 2020, but by the end of 2023, I had made a profit of almost $850k. All I had been doing was going by what my financial advisor had told me. This demonstrates that all you truly need is a professional to assist you; you don't even need to be a great investor or put in a lot of work.

@CliveBirse Ай бұрын

@@ThomasChai05My partner’s been considering going the same route, could you share more info please on the advisor that guides you?

@ThomasChai05 Ай бұрын

People downplay planner’s role, until they are burnt by their mistakes. That’s why I’ve been working with expert planners like GERTRUDE MARGARET QUINTO

@austinbar Ай бұрын

Nice content! Few years back I was assistant to a wealthy pen artist and within the short period I worked with him I observed that he had quite a chunk of investment everywhere, stocks, crypto, dividend investing to name a few, so he had revenues coming in from all angles. And in a year his worth doubled. With this I learned that the rich stay rich by investing.

@rogerwheelers4322 Ай бұрын

Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.

@joshbarney114 Ай бұрын

I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.

@FabioOdelega876 Ай бұрын

I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

@joshbarney114 Ай бұрын

Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@FabioOdelega876 Ай бұрын

I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Marisa Breton Dollard up and send her a message. You've truly motivated me. God's blessings on you.

@PatrickLloyd- 24 күн бұрын

With my portfolio of $750k. I’m looking for opportunities to profit in a potential downturn, According to rating agency Moody’s, both the UK and the US are set to fall into a recession because of higher interest rates.

@Dannyholt33 24 күн бұрын

An obvious way to invest for a recession is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumer staples, utilities, and healthcare companies, but off course such decisions cannot be made by an average Joe, a financial advisr is important in making this decisions

@PhilipDunk 24 күн бұрын

I agree Such considerations can certainly have a role when I think about whether I ought to buy into a share. But I never purchase purely on that basis, i always have to seek the advice of my financial planner who has helped me gain $985k in a well-diversified portfolio that has experienced exponential growth

@tonysilke 24 күн бұрын

who is your advisor please, if you don't mind me asking?

@PhilipDunk 24 күн бұрын

‘Amber Dawn Brummit’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@tonysilke 24 күн бұрын

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

@CrystalJoy-32 12 күн бұрын

With all of the current events, what is the best approach to profit from the present market? I'm still debating diversifying my $400k stock portfolio to obtain some profits while minimizing risk.

@Sampson-jh7yq 12 күн бұрын

Everyone needs a Margin of Safety in their portfolios and just remember, It's time in the market versus timing the market.

@FrankPatrick-no8zo 12 күн бұрын

De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a fiduciary financial advisor to guide you, that’s what works for my wife and I. It's been 6 years now and we've grown our portfolio to $1m.

@DennisJack-km8ho 12 күн бұрын

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind

@FrankPatrick-no8zo 12 күн бұрын

Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@RuthEvelyn-rc3bg 12 күн бұрын

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

@GARYFASTMAN 20 күн бұрын

I’m brand new to buying stocks. I need basic instructions on how to spread $100k across the market in order to achieve a 7 figure portfolio. Im wondering if now is a good time to start investing, or do I wait for a crash to buy at discount price?

@Santaclause779 20 күн бұрын

I'd suggest you discuss with a proper advisor, particularly if you're new at investing or facing uncertainty. I personally have over 180 companies in my portfolio, so if few companies fail, I still have others that can hold me up.

@Michal569 20 күн бұрын

That's smart. I'm quite lucky exposed to personal finance at an early age, worked full time when I was 19, purchased first home at 28. Going forward, got laid off at 36 amid covid-outbreak, and immediately consulted an advisor to stay afloat. As of today, I'm only 15% short of my $1m goal after subsequent investments.

@VanChuong-on2gh 19 күн бұрын

I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?.

@Michal569 19 күн бұрын

Her name is.Her name is 'LUCIA ALICIA CRUZ. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.. Just research the name.

@VanChuong-on2gh 19 күн бұрын

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.

@micheal_mills Ай бұрын

It seems certain stocks are undervalued, flying under the radar despite their potential. You can't help but wonder when the market will recognize their true worth. How can I invest $600K wisely to ensure our future security?

@donna_martins Ай бұрын

It's frustrating when market inefficiencies persist, particularly with undervalued stocks. Consider consulting an advisor for smarter investing decisions.

@Walter_hill_ Ай бұрын

My financial advisor has been a game-changer, providing clarity and boosting my confidence in navigating finance. With their help, I've achieved my goals faster than I imagined. Highly recommend!

@Trevor_Morrow_LTD Ай бұрын

How can i reach this person?

@Walter_hill_ Ай бұрын

Finding financial advisors like vivian jean wilhelm who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@Trevor_Morrow_LTD Ай бұрын

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

@mustaphanasir9448 Ай бұрын

I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

@kwaghdoojasmine7549 Ай бұрын

I know this lady you just mentioned. She's really good with and on her job. She's helped a couple of families and individuals' finances

@muhammedzainab2582 Ай бұрын

She is really a good investment advisor. I was privileged to attend some of her seminars, that's how I started my crypto investment

@ahmedhaffez748 Ай бұрын

I have heard a lot of wonderful things about Sonia Duke on the news but didn't believe it until now. I'm definitely trying her out

@philimonsizah6446 Ай бұрын

Started with 5,000$ and Withdrew profits 89,000$

@ahmedlucas1211 Ай бұрын

I'm glad to write her tay I do hope she will help handle my paycheck properly☺️☺️☺️

@lukefisherDD 25 күн бұрын

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.

@eliseduffyfxx 25 күн бұрын

Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.

@KevinEvans-mq4ob 25 күн бұрын

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

@JanAlston-kd6yl 25 күн бұрын

That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?

@KevinEvans-mq4ob 25 күн бұрын

NYCOLE CHRISTINA VANNATA a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

@MiaDavis001 25 күн бұрын

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

@ElisaLaurent-yu6tp Ай бұрын

I've already noticed that 25k to almost 45k was easier than the first 25k. I think it's crazy that I've gotten used to numbers like that now. 2 years ago when I started it was a huge amount for me. Just as I think about 200k today, that will probably become normal for me this year.

@louisspecter-pm4fc Ай бұрын

As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

@JimmyWalter-sm5vf Ай бұрын

Honestly I really need help learning. Seeing my portfolio low makes me very sad.

@ElisaLaurent-yu6tp Ай бұрын

Trading without any guide is so risky you need to get a good mentor like Christopher Scott to help you with strategies to navigate the market.

@JimmyWalter-sm5vf Ай бұрын

Oh please, how can someone get to speak with a legit expert?

@ElisaLaurent-yu6tp Ай бұрын

He’s on Instagram

@IntoTheWild361 Ай бұрын

It’s going to take me about 7-8 more years but I’ll finally hit the $100,000 mark!

@HazardonerFTR Ай бұрын

yes you will I would suggest side husttles and paying your self fist and learn to live below your mens and be genorous no matter what.

@dreamleaf6784 Ай бұрын

@@HazardonerFTRhow much does fist cost now adays?

@avenj4659 Ай бұрын

It may take you less time than you think/plan. I wish that for you

@IntoTheWild361 Ай бұрын

@@avenj4659 I’m dumping some extra cash into stocks trying to have a diverse portfolio. You’re right about that it very well can happen sooner!

@kenwilliams3279 Ай бұрын

Keep up the good work. So pleased I was focused on.the first $100k in my twenties. Resulted in $1m net worth in early 40s

@GraceAmber369 Ай бұрын

The problem we have is because Most people always taught that " you only need a good job to become rich. These billionaires are operating on a whole other playbook that many don't even know exists.

@RogerTerry01 Ай бұрын

Money invested is far better than money saved, when you invest it gives you the opportunity to increase your financial worth.

@SaraEsther242 Ай бұрын

It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.

@GeraldCarl- Ай бұрын

The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.

@MarthaMadison- Ай бұрын

I also keep seeing lot's of people testifying about how they make money investing in Stock, Forex and Crypto Trade(Bitcoin) and I wonder why I keep loosing. Can anyone help me out or at least advice me on what to do.

@AustinSean- Ай бұрын

Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.

@frankedwardark Ай бұрын

Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

@Kaustavpatell Ай бұрын

Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.

@donovantobs Ай бұрын

The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market.

@Monicamonasky- Ай бұрын

nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

@donovantobs Ай бұрын

MICHELE KATHERINE SINGH is a hot topic even among financial elitist . Just browse, you’d find her, thank me later.

@Monicamonasky- Ай бұрын

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her

@Alfredheranndez Ай бұрын

In trading, possessing technical analysis skills is not sufficient on its own; discipline and emotional maturity play crucial roles in achieving success. Embracing the mindset of "time in the market vs. timing the market" proves valuable, especially during market fluctuations. I attribute my growing daily earnings to Walter James's valuable insights and daily trade signals, coupled with my commitment to continuous learning, managed to grow a nest egg of around 127k to a decent 532k. Kudos to the journey ahead!

@Alfredheranndez Ай бұрын

HE'S MOSTLY ON TELEGRAMS, USING THE USERNAME...

@Alfredheranndez Ай бұрын

@Gainwithwalter7

@bright2915 Ай бұрын

House paid for, car paid for, no consumer debt, $600,000 investment portfolio, it's hard to stay employed. My ability to put up with BS at work is at an all-time low.

@PepeCoinMania Ай бұрын

Only Americans can do that

@yomynameismit Ай бұрын

i’m in the same boat feels great

@bright2915 Ай бұрын

@@PepeCoinMania I don't understand. Why is it only Americans can do that?

@lecannet Ай бұрын

What's you're top 7 performers in you're portfolio bro? Welcome to start listing you're All Stars top 4? For me bro😂❤

@charlottedale1111 Ай бұрын

I was told to spread my money across different things like stocks and bonds to protect my $750k retirement savings. Now, with the markets being shaky, should I keep adding money to my portfolio or consider other options?

@tomaszcz_k Ай бұрын

Absolutely! Having a financial expert has been a game-changer for me. They provide tailored advice that takes into account my unique financial circumstances, which has helped me make informed decisions and avoid costly mistakes.

@charlottedale1111 Ай бұрын

Thank you for sharing your positive experience! I've been contemplating seeking the guidance of a financial expert myself, but I wasn't sure where to start. Do you have any recommendations on how to find a reputable financial advisor or firm? I'm particularly interested in someone who can provide personalised advice and help me develop long-term strategies for financial growth. Any insights you can offer would be greatly appreciated!

@andresLK Ай бұрын

Exactly, having a financial expert by your side is invaluable due to their ability to provide personalised advice tailored to your specific financial situation. With their expertise, they can help you navigate complex financial decisions, Optimise your investments, and develop strategies to achieve your long-term financial goals.

@tomaszcz_k Ай бұрын

Financial experts such as Dustin Dwain King offer extensive knowledge and experience, aiding clients in crafting tailored financial strategies to achieve their objectives.

@TheSincerety Ай бұрын

Piss off bots

@MoneyHabits1 Ай бұрын

I want to hit FI in 5 years- I’m investing 67% of my income. It takes discipline and time!

@Retrosenescent Ай бұрын

67% is incredible!!!! Great job on getting your expenses down

@wolfiemcqueen647 Ай бұрын

I agree. Im investing 60-80% of my income, not to mention compounded interest . Im having a ball being frugal. I used points and rewards to eat out and entertain. Smart people with discipline get ahead.

@michaelmalzahn-tx2zi Ай бұрын

@@wolfiemcqueen647 you should almost never eat out. but kudos nonetheless. let me know if you want to earn 5% in a savings account. also, do you us upside for gas purchases? if not I'll give you a referral code.

@I_am_Raziel Ай бұрын

Awesome!

@-TheMaskedMan- Ай бұрын

@@wolfiemcqueen647Can I be with you?

@rocioocampo8735 Ай бұрын

Took me about ten years to get to $100,000 saving ten percent into my 401k and less than four years to grow it to $300,000. Crazy to think that I accumulated $200,000 in four years

@antionygrilmady9044 Ай бұрын

How is that possible?

@rocioocampo8735 Ай бұрын

I kept contributing my ten percent as my salary went up more money went into along with the company match and about 10 percent or more in the stock market returns.

@ariefraiser140 Ай бұрын

Starting in 2019 the s&p 500 market returns were 2019 31.21%, 2020 18%, 2021 28.47%, 2022 -18%, 2023 26.06%. Those are abnormally high returns. The average market returns over 50 or 60 years is 10%. The average market returns from 2019 to 2023 was 17.15%. If you had a significant amount of money invested in 2019 the market returns skyrocketed your portfolio. Additionally the 1st quarter returns of 2024 were really good. Then you add in the fact that additional employee contributions to the 401k were being made as well as likely employer matches and there you go. It was mostly the average market returns of 17.148% though. That's not normal.

@rocioocampo8735 Ай бұрын

yes my rate of return last year was over 20 %

@DavidEVogel Ай бұрын

Good for you. You know you are doing well when the paper gains on your investments exceeds your contributions.

@borisVladimir2 Ай бұрын

“Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.” - Robert Kiyosaki

@michealpnoel Ай бұрын

I totally agree. I put $250k into stocks with my advisor, and now I've made over $4 million in profits. I used the profits to buy properties, and they're bringing in great income. It just shows how important it is to invest in things that grow over time. It's like I'm living out the lessons right from the start of his book- Guide to investing

@jackwpetrov Ай бұрын

Despite the ups and downs in the stock market, you've managed to turn your investments into good profits. Could you share the name of your advisor? I have $300k saved up and ready to invest, but as a beginner, I don't know my way around the market.

@jackwpetrov Ай бұрын

I am on the look out for experts and after doing my research online will say she meets my requirements, Thank you for sharing with us. I already sent her a mail hoping she can make out time in her busy schedule to assist me.

@sophialharper Ай бұрын

can you tell me examples of liabilities that “they think are assets”?

@stevenorris1 Ай бұрын

@@michealpnoel It's great to hear you're also working with her, you know its hard to find someone who knows what they are doing nowadays but she's excellent at her job. Thanks to her, I no longer have to worry about my financial situation.

@wolfiemcqueen647 Ай бұрын

Soo true! Now that I’m passed 100,000, with diligence and passion, I have just passed 120,000 in about 18 months. My eye is on the quarter milk million and I could be there in less than five years at this rate. Don’t underestimate how much fun this is. My new obsession is making every bit of my money make me more money and that money make me more money. No cup of Starbucks coffee gives me this much pleasure.

@crystaldon4995 Ай бұрын

Good for you! What are you invested in?

@lecannet Ай бұрын

Got any gold ducks? 😂❤

@j.m.b5441 Ай бұрын

Best skill you can have when dealing with investments and money in general is patience and don't freak out if when the market goes down, that's when opportunities come.

@lindsay3793 Ай бұрын

Like last week? 😱

@j.m.b5441 Ай бұрын

@lindsay3793 I have no Idea, I don't even pay attention.

@lindsay3793 Ай бұрын

@@j.m.b5441 😂 Okay well it was not pretty.

@DavidDavisDH Ай бұрын

I'm not even close, but I invest regularly so I'm heading in the right direction.

@gentillygirl545 10 күн бұрын

With you.

@jonathanwelke Ай бұрын

This is true. I hit 100000 after about 8 years at work. I woukd take 5-10 grand chunks outs. But i decided to leave it alone for a while. 8 years to 100000. About 2 months later it grew by 10 grand.

@ibrahimamad2123 Ай бұрын

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Veronica Hoy.

@sanchezlopez2020 Ай бұрын

I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...

@Abigailzhao34432 Ай бұрын

She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.

@RICARICADO231 Ай бұрын

You trade with Veronica Hoy too? Wow that woman has been a blessing to me and my family.

@BenjaminJas Ай бұрын

I'm new at this, please how can I reach her?

@TiffanyEllen654t-u Ай бұрын

The first time we had tried, we invested $1400 and after a week we received $5,230. That really helped us a lot to pay our bills.

@Thomasbonner752 Ай бұрын

I just hit $100,000 net worth this last quarter from saving and i plan to invest in the stock market to see it grow in the next 3 years. What is the best way to navigate the stock market as a newbie?

@richiesteve1250 Ай бұрын

I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.

@sheltonPston Ай бұрын

Consider allocating 30-40% to a High-Yield Savings Account (HYSA) and enlisting the help of an advisor to diversify into positions with the rest of your capital. My advisor has significantly impacted my financial journey, fostering clarity and confidence in the stock market. Thanks to her guidance, I've grown my portfolio from $100k to $1.4m in just 5 years.

@AUstinnesc Ай бұрын

Wonderful!!! I've recently sold property and aim to invest in stocks, seeking guidance. How can I reach out to her?

@sheltonPston Ай бұрын

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’AMBER KAY WRIGHT ” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

@corrySledd Ай бұрын

I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

@kemi1486 Ай бұрын

If people don’t do the math they may not even be aware they are already at $100k net worth. I did one of the net worth calculator and my assets were a little over $100k and I was shocked. I didn’t include the value/equity of my home because I didn’t get it assessed. Once I added my stupid debts it brought my net worth down to $83k. So excited to be done with these debts in December. Debt is 100% a drag on our financial growth and expansion. Knowing the numbers is the key to unlock everything.

@DavidEVogel Ай бұрын

Once I added my stupid debts You subtracted your liabilities from your assets correct?

@rudedogcansurvive Ай бұрын

Hes not talking about 100000 net worth,hes talking about 100000 invested in stock market

@kellybarrington9057 Ай бұрын

The stupid thing is people pay x4 -10 times the 100,000 on a house and interest. Not to mention cars, student loans, credit cards. But they can't save / invest anything for retirement or FI

@davidguarin358 Ай бұрын

Fi?

@kellybarrington9057 Ай бұрын

@@davidguarin358 Financial Independence

@DavidEVogel Ай бұрын

Your house is an asset. Why is this stupid?

@yz125ryder Ай бұрын

@@DavidEVogelit’s only an asset if you’re renting it. If you live in it, it’s a liability!!

@DavidEVogel Ай бұрын

@@yz125ryder So you make up your own definitions for financial terms? This is American. I guess that you can do that.

@gerrikim8545 Ай бұрын

This is such a valuable video. I shared it with my children I hope they heed your wisdom. 😊🙏🏻👍🏻👏🏼

@khaledbnqassim Ай бұрын

$100K is my dream 🥲

@chaselesser3191 Ай бұрын

I started late, really late. But I really started building my 401k past $5k about a year ago. And just this year I decided to try and reach $100k within 2.5 yrs. Hopefully no more than 3 yrs.

@kenwilliams3279 Ай бұрын

Add a plan to the dream and it becomes a goal. You can do it :)

@blaze376192 Ай бұрын

What will you do with that 100k after you achieve it.

@Thepippinator2 20 күн бұрын

You got this bro! ❤

@Nikolasto77 Ай бұрын

This explained it to me better than any other similar video. Thank you!

@annagia153 Ай бұрын

Hey Austin, here for another great video!

@MyNameIsJeff872 Ай бұрын

There are a lot of $100K explanation vids on YT, this is by far the best one

@rodrigodiaz1321 Ай бұрын

Enjoying your videos. Although I know these concepts, it is nice to hear your presentation style on the subject

@annaadaeze Ай бұрын

Beautiful video like always. Love this kind of video. Thank you 😊

@milkteadesigns-bt1hk Ай бұрын

About to graduate college, ty for your positive, informative, and motivating videos el Austin! You are the most level headed and relatable finance youtuber! :)

@burncity3000 Ай бұрын

Awesome videos thank you!!! 100K see you at a Million

@papaschlumpf68 Ай бұрын

Another great video. Here the first 100,000 will be reached over the next year. In my case, however, it is Euros and not US Dollars. I wish everyone continued success and decent returns. Greetings from Germany

@philliproberts7294 Ай бұрын

Yes that first hundred is a bitch took me 16 years but the second in about 6 and noticed a big weight lifting off my shoulders no longer a prisoner at a job no longer had to put up with bosses bullshit

@Switzerleando Ай бұрын

Austin! so close to 100K subs! :) felicitaciones.

@ElAgustin Ай бұрын

I know! It's wild. Such a journey to get to this point.

@abrahams.lincoln6749 Ай бұрын

Fellatio? WTF??

@Switzerleando Ай бұрын

@@abrahams.lincoln6749 it means congratulations in Spanish. 🤦🏽‍♀️

@plappin Ай бұрын

Well done, Austin!

@kristyosborn5102 Ай бұрын

Thank you! ❤

@windborneoracle 26 күн бұрын

omg! your spanish!! I love it. I'm new to your channel, and I'm watching your video from Colombia (South America). It really caught me off guard at the end when you spoke Spanish. Very nice! your spanish is great!

@thomashittle6722 Ай бұрын

Love your videos man!

@ElAgustin Ай бұрын

Thanks for watching!

@tradingwithtravis6896 Ай бұрын

First 10K is the hardest and so on....

@RyAndrey Ай бұрын

First $10 was the easiest

@juliem.3936 Ай бұрын

You might want a plant lamp on the back of your record player cabinet to give some light to those plants. Looks like you're well on your way to creating a jungle! Good tips about the $100,000 strategy: saving for six years to get to $100,000 and then investing to see the net worth explode! Hoping to get there someday!

@ElAgustin Ай бұрын

Thanks for the tip!

@60sekundenpolitik Ай бұрын

That doesn't make any sense, why would you do that? Watching your money getting eaten by inflation instead of investing.

@juliem.3936 Ай бұрын

@@60sekundenpolitik I think you missed the point of the video - the higher the amount to invest the higher the returns. While you're saving to that 100k, one could utilize a high yielding savings account in the meantime.

@grahambriggs8338 Ай бұрын

@@juliem.3936 Why wouldn't you just invest straight away. $500 a month into ETFs rather than $500 into crappy-bank-savings.

@daniellee8162 24 күн бұрын

Last part is probably the most important. Anytime I don't have too much issues to worry, I'm more confident in general.

@WallaceDunn Ай бұрын

Several years to the first $100k and only two years to the second. Truly blessed! We are both maxing out our 401k and IRA. THAT piles up fast!

@rmas66 Ай бұрын

I wish i started sooner! Great advice

@JamesPeacock Ай бұрын

This is the 5th video I've been suggested by the algo with very similar thumbnails and titles. internet is a crazy place

@davibrass Ай бұрын

Great video. Inspiring and helps keep motivated. 2 points though... I think 10% return is higher than one can expect and the other is capital gains tax

@cyoishi Ай бұрын

Good video. 👍

@bright6200 Ай бұрын

Great video

@azieltobias Ай бұрын

I began my investment journey at the age of 33, primarily through hard work and dedication. Now at the age of 58, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.

@BaileyHoward101 Ай бұрын

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

@mellon-wrigley3 Ай бұрын

I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.

@disney-hefner Ай бұрын

*@mellon-wrigley3* That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?

@mellon-wrigley3 Ай бұрын

Gertrude Margaret Quinto, is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@Gallo-firestone Ай бұрын

I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

@kevinali3700 4 күн бұрын

Great information

@johnmalloy101 29 күн бұрын

Think of it as growing your money tree. Once its in full bloom, you can pick a few without harm.

@AminaCasazza 15 күн бұрын

Big ups to everyone working effortlessly trying to earn a living while building wealth. My wife and I we are both retired with over $2 million in net worth and all paid off debts. living smart and frugal with our money, made it possible for us this early, even till now we earn passively with our asset coach.

@GabrielZi-xr6zc 15 күн бұрын

Excellent choice having a great savings and more streams to earn makes life goal’s easier but our way of life needs better alternative,at the same time, people also need to be more responsible. I know for a fact that there's a lot of people that simply don't make enough, I make roughly hundred plus a year and in California, rent inflation alone eat up almost all of what I make, with dependents and other obligations included, it's easy to end up with zero. however it’s a good time to add to existing asset holdings as follow -on opportunities

@KateEngdahl 15 күн бұрын

I resonate with what you said man, you could also take advantage of some growth stocks at the moment, every pro is currently bagging on some digital surge. For me, my coach Marisa breton Dollard has been using every opportunity to ensure I benefit, well positioned as I’m also privy to improve. It completely changed the approach for me, feel free to write direct to help construct your approach as well.

@HilaryPhan 15 күн бұрын

I have got Marisa breton Dollard résumé, also part of an audience with he’s options, a huge economical nerd, these well anticipated results has impacted a lot of exposure for me.

@A-krandy 15 күн бұрын

Wow I bet you got yourself some solid portfolio.

@miken7629 Ай бұрын

This is true, took me from 1985-1996 to build my first $100K, things happen and went back down to zero several times but kept trying and 1996 had my first $100K, wanted to spend it but didn't, reached $1 million in 2010. I am retired, living off interest but since 2019 have been stuck at $2.4 million, change in market values due to interest rate rise, inflation, and my stock picks haven't done that well but I have covered expenses and taxes, just can't seem to get my balance to move up. Making $170k in interest + Social Security this year but so far investment balance hasn't moved this year either.

@phyllis2866 23 күн бұрын

amen. everyone should watch this. life lessons. able to breathe. thank you.

@kevinfestner6126 Ай бұрын

In that first 100k, you also get into the savings habit. I'm on that other side of the curve. BTW, I still add to the emo fund, despite having that buffer, by 25 bucks per paycheck. As I climb the wealth curve, I am concerned about proper diversification. I am learning about portfolio theory. Has the what I call saving myself into poverty stopped, nope. The sacrifice continues, now in my 9th year. In the first years, growth and not diversification imho is the way to play it.

@ElAgustin Ай бұрын

Hey Kevin!

@jessicamoe5202 Ай бұрын

I wish you explained the math behind compound interest and why it grows so fast. Do you know why?

@Lolatyou332 Ай бұрын

It only took me a few years to hit 100k. I just had no interest in really spending money after I got my first career job. Didn't really spend much money, bought a car for like 9,000$ cash out of college, bought a fixer upper house that I've just been renovating myself. Most of my money is in a post-tax brokerage, then just maxing out the Roth IRA and then employer match just to get some 401K contributions in and have all three buckets balanced once I actually retire. Gives me a lot of tax strategy options by having all three buckets and I like having post-tax dollars in a brokerage account as I know 100k post-tax is much more valuable than 100k in a 401k.

@rlake5225 Ай бұрын

I love your vids. Why don’t we teach kids this at school? It’s essential to our financial security and wellbeing. Why work for money (although you have to initially), when you can make money work for you.

@millymil4198 Ай бұрын

This is true. Money can buy you more time. But if you never spent any time spending money to buy back the time that you already spent. Then you are wasting your time trying to save more money to buy back time that you already lost.

@aipanart Ай бұрын

Took 5 years to reach 100k things I did different after 2020 open Roth IRA, max out 403b and HSA and invest money. All by learning through youtube.

@Getreal01 Ай бұрын

But we’re do you put your money to make it grow? Have no clue in what to invest in

@VSz-px5fx Ай бұрын

Hi el Agustín. What is your horoscope?☺️

@Larryjazzy271 Ай бұрын

Does it affect workplace pension as well or just funds ?

@tts17-thetokensquare68 Ай бұрын

sorry for the question / correction. what you explain us, is not to make passive incomes, it is investment, because as you said, we keep every incomes to the same basket, so that will grow. we cannot live with this incomes every year.

@lindafuller446 Ай бұрын

Should one take money from tax sheltered annuities to invest in index funds? Resulting in paying income taxes. Will the investment returns outweigh the benefit of the money being sheltered. That is …. if it is time to withdraw funds due to age.

@TheQuixoteuno Ай бұрын

Motivational video to save& invest. Dude speaks spanish as well! .Y dinero da libertad.Viva la libertad ,carajo!

@pinkyprincesscuban8207 Ай бұрын

Listen to him. He is soooo right!!!! I made 100k But a debt is killing my monthly active income I have to go to my index investment to cover monthly expenses because my bank debt gets my 60% of my monthly income I live frugal but sometimes is not enough Having a debt kills your financial growth

@jasonstupak4535 Ай бұрын

Watched and liked, thanks. Could you do another video where all you say is 100 thousand dollars throughout the whole video? I would watch it.

@sandiellett1786 19 күн бұрын

My plans are more like wish lists, but even a basic plan helps. Already retired, but my plan while I worked was putting 15% a year into my company 401K and have a paid off home which are now completed. Now I want to start investing in a S&P index fund but waiting for a stock market dip. It took me 5 or 6 years to have $100k in my 401k and 8 years to pay off home.

@growsinhouseherbiculturali1100 9 күн бұрын

Do you know if that 10% average return includes dividends?

@Maremare680 Ай бұрын

7:16 You’re so cute ☺️ Very relatable. I’m close to reaching my 2 00,000 and I can wait.

@SamuelGriffin Ай бұрын

Austin , do you like Atlanta more than Colorado so far?

@Blubbha Ай бұрын

I am not sure when I got 100k in net worth of you buy a house before and have a mortgage your networth will be negative for a while. Now I am 37 with a family way harder to keep and invest but it's possible once you reach a decent level of income. But I feel it won't get easier. It takes constant discipline and in good market times you see it growing but it's hard to keep investing once your portfolio goes down. Net worth now around 650k with 37 and a family of 5. Just keep going. Now passive income makes 10% of my salary which is quite relevant now.

@flohough1870 Ай бұрын

Spot on.

@jimv77 Ай бұрын

Wait til you see what happens at $500k, $1,000,000, etc……it’s hard to believe! Way back then my wife had a little more than me in her account vs me and every 5 years I see the gap widening since she made more and had access to a second retirement account….

@angeladawn805 Ай бұрын

Now my kids are financially independent - and I no longer have to feed them (they're still at home rent-free) I've been able to transition to a higher paid job, and the amount I can now save (weekly) is similar to my previous income..... I'm resisting the urge to spend more - as I've mastered the art of frugal healthy living.... But I'd caution about putting all of your eggs in one basket. (yesterday I watched a docco about homeless people in the USA - one lady had a doctorate, was very capable and educated - but lost ALL of her money as her investment fund/provider collapsed) 😔

@richardackley1823 Ай бұрын

Money attracts more money! But if you don’t have any money…more money flees from you.

@carlosgarcia8770 Ай бұрын

I wish more young people would have your mindset.👍

@SniperMonster9 Ай бұрын

If you get 100k today would you go tomorrow and buy 100k worth of the sp500? Assuming you dont have debt or pay any type or rent ect ect...

@boyasaka Ай бұрын

No I would put 33 percent into s and p 33 percent into a global all world fund and 33 percent into another etf , maybe a high dividend etf

@blaze376192 Ай бұрын

Ive been stuck at the 100k mark for a while now. Ppl say only the rich makes money, until they have it and dont know where to go from here...

@Malekfahad420 Ай бұрын

Hey Austin, really nice video ! I was wondering if I could help you with Best Quality Editing in your videos better than your Editor with good pricing and also make a highly engaging Thumbnail which will help your videos to reach to a wider audience ? Pls let me know what do you think ?

@abrahams.lincoln6749 Ай бұрын

He is doing great on his own. ✌️

@Starkham Ай бұрын

Hit 247k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months.Started with 11k in last year 2023.

@LisaWatson_ Ай бұрын

Wow, that's more than a mouthful of profits you're making.How do you achieve this feat consistently? You must be a genius!

@LisaWatson_ Ай бұрын

I'm 45 and have been looking for ways to be successful?

@Starkham Ай бұрын

Have you not heard of mrs Amelia Jason

@Starkham Ай бұрын

She has this skill of making complex crypto concepts easy to understand and is truly commendable.

@WilliamsJohn-01 Ай бұрын

You know her too? I'm also a proud beneficiary of her super platform, there are the biggest custodians.

@kotadiyachaitanya7957 Ай бұрын

Hey do you need Video Editor. I can help you to save your Crucial time throughout my Editing skills.

@elromolus5310 Ай бұрын

That's quite true, i reached my first 100k at the age of 21. I am now 25 sitting at 250k. Keep being disciplined after the first 100k is sooo much easier than in the beginning when you start from 0$. Now, my goal is to get to a million $ which i think i could reach within the next 7 years at the age of 32.

@DentistaResponde Ай бұрын

What about inflation?

@rkw2917 Ай бұрын

This strategy can pay off but it can also cost you dearly Personally (retired) my money is in a 120% funded annuity, plus a healthy portion of cash aside

@Rocky_Anunnaki Ай бұрын

🔥!

@DN-dj4gi Ай бұрын

10% a year is without considering inflation. 7/8% return is average inflation adjusted

@RichardMoore-jg5tl 23 күн бұрын

It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.

@RusuSilva 23 күн бұрын

Yeah, things may be hard right now, but I've come to realize both bear and bull market, recessions and economic boom, all provide opportunities to make high gains, I used to call bluff on folks that bragged about making a fortune from such down-markets until I happened to do so myself

@RossiPopa 23 күн бұрын

I agree. I've been working with a financial advisor since 2020, and I return up to 15k every month, and I don't even have to lift a finger. Although I also think the reason I make this much is because I started with significant capital.

@NicoleBarker-he2vp 23 күн бұрын

This caught my interest. I worry that I have a couple more months before retirement, and I want to switch to using a financial advisor, but I don’t really know how to find one.

@RossiPopa 23 күн бұрын

Monica Shawn Marti is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@NicoleBarker-he2vp 23 күн бұрын

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

@davidthomas-ot4cl Ай бұрын

Very true. I hit 100k last year and it took ages to there. Since then I'm already up to 120k. Every month it just keeps going up. It feels like l'll hit 200k in no time at all. It's exciting and makes me want to save even more to make things happen even quicker. The pleasure of saving beats the pleasure of spending.