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This is such a high value video!!!

Thank you so much for your explanation here!

I started watching finance channels at 17. I'm 28 now and so incredibly happy with how my net worth has grown over time.

What I see here: cost savvy is important, and pay yourself first! But I believe you need to actually want to have more money, so this point is most important after you control your cost. Lot of people just dont care. So you need to ask for a raise every year you need to listen to finance podcast to actually become what you want to be. Financially successful. Just by living below yiur means this won't being you there alone.

This guy is one of the only few guys on youtube who actually gives me hope in myself

I just mentioned this to my coworker in Friday

Join the U.S. Army, or part-time with the Army National Guard you will not be disappointed

I bought a cashmere cardigan, hardly ever worn, for USD 8.99 in a thrift shop. And a lot of other formerly expensive stuff as well.

Sigh. I've searched for 100k to 1 mil videos and none ever comes up. At this point, I just have to assume that everyone who made 100k eventually became a millionaire. It's just making 100k 9 more times, right?

Can I get that spiderman wallet!

Pony up folks!

great information, and a good job keeping the video interesting even though it's educational. I find myself both watching and uploading personal development, business, and money related videos

❤

Nobody wants pineapple pizza.🤢

➡️ Take control of your finances with my Free Financial Automation Challenge on July 1st. Limited spots available - join now → learn.vincentchan.co/

Hello, can you share the website where you can find Google courses for free? Thanks

$100k is SO powerful, not just because of the compounding power (which is really the same realitive to amount at all levels of net worth) but the psychological boost you get for having 6-figures in savings is incredible.

Cool! 😎👍 Edit: Is it possible to earn $100,000 every 6 months in IT job?...🤔

Wait, you can have your checking account attached to another High yield savings account and the S&P 500?? If so, I had no idea.

Sound advice given on this video. Many financial gurus will recite the same strategies/methods that are one size fits all.. however a person's finance will as unique as that individual's personality. What works for one will not work for others, therefore it's best to create your own custom financial path. It will lead you to your financial goals because it is specifically tailored to you by you. Math never lies, if the goal is to buy a car or a home the math will tell you how much car or house you can afford... if you can't afford what you set your mind to it, either scale that car or house down and/or increase your income with a side hustle, finding a better paying job. At one point I had three jobs as I had set a goal to my a home. It took me 2 years to save enough to buy a small 1br condo. If I didn't hustle and continue to only work 1 job I'd probably would still be renting.

He forgot to mention that 100k cultivates the skills of discipline. I saved well past 100k and bought real estate. Now i am working to rebuild that 100k, half way there!

This is so true. Just talked to my financial advisor, and my investment of $2M will grow to $7M in 15 years with my small annual contribution. It was hard getting to the first million, but it's so fast getting to the next.

I’m so grateful for your videos. I am a 47 yr old school teacher and am ready to get out of debt and start building wealth so I can retire before I burn out 😔I am hoping it is not too late. You mentioned starting a workshop for young people on one of your other videos. That is next level. I would love something like that for my son who just graduated from high school. Thank you 😊

Using physics to help explain the critical mass thing, how helpful.

no1 gonna talk abt how this was posted 4 years ago and says 2023

I thought a ten percent return would double your money in *seven* years. A seven percent return will double in *ten* years.

in 30 years after taking into account 2% inflation YOY and taxes, that 1 Million will be worth maybe 500k

I do my IT hobby as my work and on the side to. I earn around 200 euro a hour with this 😊I am busy paying off my student debt and after that I will start investing as much as I can

Free range avocados 🤣😂 30% towards wants is insane and definitely a way of thinking that keeps people who shouldn't be broke broke!

How do we get access to out earnings so use the funds and not just invest continuously with out being able to use any of it ? How does that work ? With out selling them. ? How does that part work ?

Getting annoyed with these finance RUclipsrs. 7% is not the return you should expect. It’s 10% over 100 YEARS. The difference in 7% and 10% can be literally 1m $. Who cares about 3% inflation. You’re not gonna look back in 30 years and think “well adjusted for inflation, I have 1.2m in 2024 money. 🙄 You’re selling people sooooo short Edit let me me show you. Starting with 10k , putting in 1,000$ a month for 40 years = 2.6m That same premise, but with 10% return is 6 MILLION. A difference of almost 4 million. Do not use 7%. Thank me later.

Who exactly are the 1%? Unless you have billions, you’re talking nonsense!

All good if you got 15 k left after paying bills and eating,just pay yourself first at least ten cents of every dollar you make and never spend it,invest it when it’s big enough,you won’t need much for having money that makes money.

This is silly, nothing explodes at 100K, you are contributing the same amount of hard earned cash every year. The entire amount is growing by 7% a year, which is just the definition of compound interest. Only 10% of the US population achieves a net worth of a million dollars or more.

This is interesting

I went from 99k to 154k in 3 months. I need more

Vincent is right about this. Interesting that nobody in business class ever mentioned this or even dollar cost averaging.

Great video. When I was in my 20s, my friend who was a scientist like me, got $2000 as a gift. He wanted to buy a DSLR camera (this was before the dominance of cell phones). I tried to convince him it was better to save and invest it. He insisted it was "only" $2000 and investing it wasn't worth it. Today, he is still working and trying to build savings while I am a retired multimillionaire.

Compound interest works the same no matter how much money you have. $100,000 is an arbitrary number made up by Charlie Munger. It’s fine to have a goal of investing that much, but it’s not actually going to make a difference in the growth rate.

Crazy How I Was Among Your First 20 Subscribers

I love the automated idea.

Super interesting video, I hit 100k earlier this year and it’s been crazy to see how quickly it grows now!

Tenth?

I am just starting to try and save my first 2-3k at 36 years old... Oh well. I guess better later than never. 🤷

Second?

My job I make six figures. I have investments over $100k. I heard what you're saying from other RUclipsrs as well. I'm trying to reach success making seven figures.

First?

Can’t wait for July 1st 😎💪

If inflation stays at a generous 2%/year by the time you retire, all that money you saved will be worth 60% less. Also pray there isnt a stock market crash before you retire too

I’ve become an aggressive driver cause of the long commute and the amount of time I’m wasting away on the road. I’ve never been like this before. I know it’s cause of job burn out and in a month I’m ready to quit.