WHY the FIRST $100K is the HARDEST - Personal Financial Development in My 20s
WHY the FIRST $100K is the HARDEST - Personal Financial Development in My 20s
For my 50th video of this year I'm doing a bit of a different format. I dive deeper into what I did to get a $100k net worth in my 20s. We don't control everything in our lives but there are things we accidentally do that make this milestone tough, then we wonder why the first $100k is the hardest. The $100k milestone was made famous by a Charlie Munger quote. I go over 9 reasons why the first 100k is a bitch and what I personally think makes the first $100k so hard.
Maybe you want to save $100,000 in 3 years or $100,000 in 5 years. Or maybe you want $100k by 25 or $100k by 30. Hopefully the story and tips in this video will assist you in figuring out how to save the first $100k.
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Find me on instagram: / seansoloinvest
My TikTok: / seansoloinvests
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Chapters:
0:00 The First Step
1:31 Reason 1
2:33 Reason 2
3:12 Reason 3
3:51 Reason 4
4:54 Reason 5
6:10 Reason 6
6:42 Reason 7
7:39 Reason 8
8:36 Reason 9
10:12 Outro
Affiliate Links:
Passiv (helps the channel if you open an Elite Account): https://passiv.com/?ref=ZPBJDBVGUJ
Questrade/Questwealth: https://www.questrade.com?refid=5d452...
Sources:
https://www.debt.org/faqs/americans-i...
https://www.bloomberg.com/news/articl...
Credits:
Videos from Videvo.com
Man Unloading Paint From a Paintbrush
African Schoolchildren Writing in Class
Elite Runner Slow Motion
Mid Section Three Friends Walking and Laughing with Mobile Phone
Videos from Pexels:
Some photos and videos by cottonbro
Car Video by Kelly Lacy
Interview video by Tima Miroshnichenko
Entrepreneur Photo by Andrea Piacquadio
Training Room Video by Artem Podrez
Graduation Video by Pavel Danilyuk
Moving photo by RODNAE Productions
Summit Video by ROMAN ODINTSOV
Man with credit card Video by Mikhail Nilov
Snail Video by Anthony
Map of Coins Video by Monstera
Counting Money Video by Tima Miroshnichenko
Tired Guy at Laptop Photo by Cup of Couple
#first100k #charliemunger #first100kisabitch #first100kisthehardest #seansoloinvests
Please Note: I am not a certified financial planner. I like talking about businesses and I'm just sharing things that I've learned through my own experience and hope it helps you out. This video is for entertainment purposes only. You should always do your own research about investments and do what is right for you.