Hi guys, Welcome to the Advanced Video Search Engine, and you are watching Why Net Worth Explodes After $100K. That video is uploaded by Austin Williams at 2024-04-26T06:00:18-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [Fl6Bj11Xf3w]
| Name | Why Net Worth Explodes After $100K |
| Video Uploader | Video From Austin Williams |
| Upload Date | This Video Uploaded At 26-04-2024 13:00:18 |
| Video Discription | Once you reach $100,000 everything starts to change. Here's why. Support My Channel!: https://www.buymeacoffee.com/williamsauQ My $15 Phone Plan: https://mint-mobile.58dp.net/rn6rJQ My 4.6% APY Savings Account: https://www.sofi.com/invite/money?gcp=43a5fefa-390e-41f0-9b1d-cb72691e87da&isAliasGcp=false My Favorite Personal Finance Books Your Money or Your Life: https://amzn.to/3VExSUV The Simple Path to Wealth: https://amzn.to/3RODWJp Die With Zero: https://amzn.to/4bjwQ6D 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. ** Fl6Bj11Xf3w |
| Category | Howto & Style |
| Tags | Personal Finance | Money | Stock Market | Investing | Index Fund |
