Why Net Worth EXPLODES After $100K (And How to Get There ASAP)

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Here's the math behind why your Net Worth skyrockets after hitting $100K, and how you can get to $100K in investments as quickly as possible.
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Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.
PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!
⏱️ Timestamps:
0:00 - Start Here
0:38 - Core Principle 1
1:42 - Core Principle 2
3:20 - Illustration of Compounding
5:02 - The Value of a Dollar (Pre $100K)
6:00 - What the First $100K Made Up Of
7:02 - Strategy 1 to Get There Fast
7:55 - Strategy 2 to Get There Faster
9:03 - Strategy 3 to Get There Fastest

Опубликовано:

2 июн 2024

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Комментарии : 1,1 тыс.

@humphrey 3 месяца назад

Hopefully you enjoyed. Check out my free Discord: discord.gg/humphrey

@DividendRick 3 месяца назад

I always enjoy your videos. Thank you for inspiring me.

@Nitroat-xo4tj 3 месяца назад

please do more against those scambot mafias, trying to lure your viewers into their traps. Comment section is full of them.

@DividendRick 3 месяца назад

@@Nitroat-xo4tj Yes. I always call them out when I see them.

@Nitroat-xo4tj 3 месяца назад

@@DividendRick great, thank you. i always try to call them out, so no one falls for them. But the sheer ammount of scambots show, its a good business with lots of victims.

@svenoliver6040 3 месяца назад

*This video deserves all attention. How to grow finance, do this.*

@annaj.osorio 2 дня назад

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...

@ReggieBaxton 2 дня назад

I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown

@ErinWarner-zc9jy 2 дня назад

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 2 дня назад

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

@ErinWarner-zc9jy 2 дня назад

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 2 дня назад

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.

@geraldt331 10 дней назад

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

@BerryRyan-gl3sm 10 дней назад

the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

@yeslahykcim 10 дней назад

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.

@Jadechurch-ql3do 10 дней назад

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

@yeslahykcim 10 дней назад

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.

@codeblue11 10 дней назад

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.

@GrahamCan 26 дней назад

If you are planning for retirement Here are some key pointers. Firstly, kick-start your savings early to benefit from compounding. The longer your money has to grow, the better. Secondly, make the most of retirement accounts like 401(k)s and IRAs, especially if your employer offers a matching contribution - it's essentially free money. Thirdly, diversify your investments across different assets to mitigate risk. Think stocks, bonds, and real estate.

@janellejacob3799 26 дней назад

Great advice for retirement planning! Starting early and taking advantage of employer-sponsored plans can make a huge difference in the long run. And diversifying investments is crucial for managing risk. Thanks for sharing these valuable tips!

@mateosantiago5795 26 дней назад

Spot on! Planning for retirement is crucial, and these pointers are gold. Diversifying investments is a key strategy plus, having an investment expert by your side can really help navigate the complexities and optimize your financial plan.

@cooperhayes7055 26 дней назад

Absolutely! Diversifying investments is crucial for long-term success. Having a fiduciary has been transformative. She navigates market fluctuations, identifies opportunities, and keeps me on track for retirement. Her tailored advice boosts confidence and informed decisions. Trusting her skills brings peace of mind, ensuring my future is secure.

@rebeccamoore8366 26 дней назад

That's truly remarkable. I hope you don't mind pointing me towards her direction.

@cooperhayes7055 26 дней назад

I don't mind, she's Sophia Elaine. One of the finest portfolio managers in the field.

@jameschaves5723 3 месяца назад

As a new nurse I started maxing out my 401K. That was $15,500 then. Because it came straight out of my check I never missed it. I’ve continued to do this for 23 years. The limit is now $19,000. Still doing direct withdrawal. Last I checked my portfolio it’s worth $1.7 million. I was young and went with aggressive funds. My point is, start early, use direct withdrawal. You can’t miss something you never had. Best of luck to everyone.

@llallogen7380 3 месяца назад

Congrats on your accomplishment! I wanted to input that the 401k limit is now $23k, which is great

@RebelwithaCause777 3 месяца назад

Yeah to bad you will have to pay a lot of taxes on that 1.7 million . If you cash out completely now i think it would be near forty percent .

@jameschaves5723 3 месяца назад

@@RebelwithaCause777 I never mentioned cashing out now. I’ve got a brokerage account not to mention the Rule of 55

@AK_AF_LB 3 месяца назад

@@RebelwithaCause777not is it is a Roth 401(k). Also, long term capital gains are 15% and we have a progressive tax system so 40% is a gross overestimation. Plus what possible reason would someone have for cashing out an entire portfolio?!?

@RebelwithaCause777 3 месяца назад

@@AK_AF_LB if you knew anything about what you were talking about you’d know the limits of a yearly Roth IRA.

@alln5739 3 месяца назад

Started at age 56. First year saved about 11k. It sat in a lame .15% interest account. Second year moved it to HY savings. 🤦‍♂️ Also saved about another 13K. Year three started with 401K enrollment. Then a Roth IRA. working feverishly to max out 2023 before April 15, then start on 2024. Currently at about 37K. Bonus, I will qualify for the 2025 catch up IRA for people 60-63. I treat this like a part time job and read and research constantly. Paying it forward, I talked three youngsters at work into 401k enrollment as well. Thanks for all the encouraging videos and comments. Now or never.

@mrassetcs 3 месяца назад

well done!

@BlueRivers 3 месяца назад

Nice work my dude!

@marius666 3 месяца назад

Props to you even starting so late still. You got balls of steel

@JEREMY99218 3 месяца назад

In 2013 I had less than $5000 in 401K. Now at age 50, I have $150K in 401K, $25K in Roth IRA, $50K in brokerage accts, $7K in HSA and about $15K in cash (money market)

@sarahallen8739 2 месяца назад

I’m happy for you man :) way to go!

@hunterbryce997 3 месяца назад

Just hit 100k in December 2023. I just turned 24 last week and as of today I’m at 112k liquid, not including other assets. Never went to college and work in a trade for 45k annually. Can’t wait to hit a M!

@c00lguy12345 2 месяца назад

You got time on your side. Good going. U will have 10M by age 65

@GioGarnada 2 месяца назад

Biggest piece of advice?

@michaelcoelho5802 2 месяца назад

@@GioGarnada Continue researching and learning from those that have already done it. a book can teach a lifetime of knowledge in a week or less.

@MotorsportCreative 2 месяца назад

@@michaelcoelho5802 which books do you recommend?

@1729NINJA 2 месяца назад

AYE i hit 100K being 23 same month as you! Just turned 24 in February now im at 120K liquid too. Samesies

@finurra3905 2 месяца назад

thank you for this Humphrey!!

@ItzTheThrill 2 дня назад

Thanks for the fun info and content!

@AStef-tl8yj 3 месяца назад

You broke the numbers down very well. Perfect timing, I just reached 100K. I did a lot of stupid when I was young but no stopping me now. On my way to 1M!👊💵

@jamesquinn771 3 месяца назад

hell yea never to late

@zasta7 2 месяца назад

Fake account comment.

@Milesamanjaro 2 месяца назад

@@zasta7Which one? This account is actually the most recent.

@sterlingcampbell2116 2 месяца назад

Me, too, man. I wasted my 20s

@Lee-zi1zb Месяц назад

I would open a savings account with SoFi which has a 4.6%APY or you could open a brokerage account with Robinhood or webull, I believe they offer a 5% apy for un invested cash, meaning you’re money is just sitting there on the sidelines and remains safe. That could could you about almost $50,000 a year just collecting interest. About $3800 a month.

@kiefershanks4172 3 месяца назад

I like your dad's saying. It puts wealth into perspective. You can start with nothing and build wealth. It just takes time, discipline, and good financial choices.

@CharlieLeo-wh5ix 22 дня назад

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

@clarabrown9920 22 дня назад

Trading in Bitcoin now is the wisest thing to do now especially beginner....

@Michaellfred 22 дня назад

Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.

@CharlieLeo-wh5ix 22 дня назад

Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders

@JenniferJames-le6wj 22 дня назад

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

@user-zq2ik6ls7r 22 дня назад

You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?

@blkirish88 3 дня назад

I’ve never heard about this $100,000 threshold, but I have heard the saying, ( paraphrasing) the first million is really difficult, but once you have it the second million is virtually inevitable

@dimitristripakis7364 3 месяца назад

I got into it too late, but my son is now 8 and we re at 18,000. By the time he is 20 it should be 100,000. So the kid has a good chance, although I missed mine. It's never too late if you have a family!

@d4rkbeat 2 месяца назад

only if you dont spend the money of your so, what you probably will :=)

@Fissan_Poulsen 2 месяца назад

@@d4rkbeat I just think you're projecting.

@ruslan_yefimov 2 месяца назад

This is the way!

@Tjamp 2 месяца назад

what a great person you are. keep it up - both in terms of you and your son.

@GioGarnada 2 месяца назад

You’re a great father!

@svenoliver6040 Месяц назад

This is amazing. “How to build wealth

@svenoliver6040 Месяц назад

The first step to building wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.

@svenoliver6040 Месяц назад

I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon. Give this a try and attain good-returns.

@svenoliver6040 24 дня назад

FinanciaI-PIanner Rebecca Mart-Watson (in fuII)

@dxgm8512 2 месяца назад

Thanks for these videos!

@JBoy340a 3 месяца назад

Thanks for this video. This is something everyone should watch and spend accordingly.

@masubee4148 3 месяца назад

Love your content and thank you for making it easy to understand. Can you do a video of what to do once the 100K is achieved? Thanks!!

@DPSAgni 3 месяца назад

Ever since I started to learn more about building wealth, I have watched so many YT videos that talk about this very concept - that getting to $100K is hard, but once you do that, your money starts working for you. Been waiting for the GOAT to post a video talking about this concept for a while, thanks Humphrey!

@humphrey 3 месяца назад

Thank you!

@stevexspeed7649 3 месяца назад

What’s GOAT?

@cooldan931 3 месяца назад

@@stevexspeed7649Greatest of All Time

@julianzagar2000 3 месяца назад

Greatest Of All Time

@majax518 3 месяца назад

Yeah i agree, Humphrey and Andre Jikh are the GOAT.

@barttfisher Месяц назад

Recently retired and unsure if my 401(k) and IRA will provide a stable future. i need an approach that will align with my risk tolerance and financial goals, i set aside $1m to achieve this. Do you suggest i get into stocks or buy a rental property?

@HildaBennet Месяц назад

Look up dividend aristocrats. Pick six to ten from that list. Those companies have a track record of 25+ years of paying dividends. Also, its advisable you work with a financial advisor to help set up a well-structured portfolio.

@FinnBraylon Месяц назад

Even if you're not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April last year due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I've made over $250k since then

@PennyBergeron-os4ch Месяц назад

Your manager must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.

@FinnBraylon Месяц назад

I work with Sonya Lee Mitchell as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.

@PennyBergeron-os4ch Месяц назад

It's good you make your own research. and make sure whoever you work with is licensed n verifiable with a repute, this Sonya looks the part but i'd do my due diligence. I set up a call, thanks.

@punisher6659 3 месяца назад

Great content as always. Hello from St.Louis.

@geospatialindex 2 месяца назад

Just a wonderful description of compounding

@DanielleMoore-vg4lh 3 месяца назад

This is why I'm slightly thankful for growing up super poor because I know how to / am willing to tolerate lowering my non needed expenses to almost nothing when it's necessary. Lots of lessons are learned rationing bulk bought clearance food.

@JimmyGotDishes 3 месяца назад

Amazing video! Thanks

@humphrey 3 месяца назад

Glad you liked it!

@scobeyrowley5115 27 дней назад

Great video!

@NovaShutter 3 месяца назад

I really enjoyed seeing the math/graph on how money grows. Even though I technically already "know" the content in this video, and others like it, I always learn more. However, the biggest reason why I love this video and others like it, is that it is constant motivation that I for one need and appreciate. Thanks. More like this, please.

@gavinv.4872 3 месяца назад

Weird timing, I reached the 100k in retirement the day this came out. As munger said, it was a bitch.

@humphrey 3 месяца назад

Definitely lol 😂

@stevexspeed7649 3 месяца назад

So today then lol

@evilspacemonkey12 3 месяца назад

how long did it take you?

@user-vk6ne6uv1y 3 месяца назад

How many years did it take you?

@Proaming323 3 месяца назад

Weird timing… me too! So now what do I do? It’s just sitting in a savings account.

@Zero-Investing 3 месяца назад

Great video 👌

@FootballCardOlly 3 месяца назад

I personally was shooting for 100k invested by the end of last year. Lofty goal and fell short. But after 4 years of investing every single week. I am at $87,000 invested 401k, Roth, and brokerage accounts combined. Meh. Ill get there lol

@striperkid 3 месяца назад

I started my odyssey with a brokerage acct back in November of 2021. I'm at $96k now, trying to get to $100k by mid March or so.

@FootballCardOlly 3 месяца назад

@@striperkid awesome. I feel like that first $100k will be amazing haha

@TodosobrebienestaremocionalVio 3 месяца назад

the yield on bonds have decreased especially on the long end (30 and 10 Y) indicating that the demand is still there even if the supply remains huge showing a preference for safety. I'm still at a crossroad regarding whether or not to liquidate my $138k

@markjune54 3 месяца назад

Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

@LordLobov 3 месяца назад

@@sharon87390Yes, his name's Jamal

@morganbarnes4843 3 месяца назад

Super grateful that at 33 I am pushing close to the end of this chart. Cheers to saving and investing since I was 15.

@ajaxtv8172 2 месяца назад

came to this country at 16 my parent never teach me anything about investing, 27 yr now i dont have a savings or a job and no education but i just finished my army career so far future looking uncertain

@Dargaud89 3 месяца назад

I'm pretty much exactly at this spot now (~110k) at age 34. Guess it's time to consult a financial advisor... "Luckily" I live way below my potential standards, work a lot and with some smart investing (for me it was crypto, but that obviously doesnt work out for everyone) I managed to accumulate this sum in less than 3 years. But now that I actually got some money at hand I definitely want to be a bit more conservative about my investments. Also while I know how to navigate crypto I actually don't know much about navigating stocks. So learning more about that is the next thing on the menu for me... Thanks for the vids. You definitely helped me to understand where I currently stand. 🙂

@MM-vv8mt 3 месяца назад

Good, informative video.

@jrmorales822 3 месяца назад

Humphrey should make a video of people over 40 and the things a person should look into when investing

@humphrey 3 месяца назад

Thank you will do!

@stevexspeed7649 3 месяца назад

Yes! I’m 41

@user-qr7ee2cp4y 3 месяца назад

How about 18 yrs olds who just graduated? Take their grad money and start investing

@Nitroat-xo4tj 3 месяца назад

@@humphreycan you delete the scambot comments?

@2004cyrus 3 месяца назад

@@Nitroat-xo4tjignore them

@Keepitsimple-2612 3 месяца назад

This is so very true. It took me 7 years to get to the first 100K. I just checked my VG account. It already made 55K in the first 8 days of February :) Get to your first 100K and first 1M ASAP

@psanders4754 3 месяца назад

The market has been abnormally good.

@vibesaddickentertainment9777 3 месяца назад

Solid advice...

@jamesbrown6591 2 месяца назад

It’s so nice to see an optimistic video for once

@johnappleseed203 3 месяца назад

Are you a Minnesota Timberwolves fan? You used an Anthony Edwards block and Rudy Gobert block.... I am a huge Wolves fan and I am a huge fan of you. Great content!

@ladylove34 3 месяца назад

I agree with all this except the point toward the beginning that risking $100 is the same as $100,000. It absolutely is NOT the same risk.

@JAZZMAN1300 3 месяца назад

Right? If instead of gaining 10% you loose it, 10k lost is definitely not the same as a $10 lost 🫠

@steveh5307 3 месяца назад

In this context, it means the risk to gain x% is exactly the same. If the market return is 10%, then you get 10% no matter HOW MUCH you risk. The risk PROBABILITY and the return %s are exactly the same.

@DeepfriedBaby 3 месяца назад

he just means statistically. the percentage.

@EmmanuelC0403 3 месяца назад

You’re risking the same chance at the % loss, but not the same chance at $ loss

@jolank 3 месяца назад

Well, not really. You need to look at it as the percentage of your wealth. 100$ is not going to be a huge percentage so losing it is low risk for your level of lifestyle. If you have $100k invested and lose it, it's probably going to quite destroy you.

@GuillermoSmyser 3 месяца назад

Good stuff, man. Thanks

@pjmccall Месяц назад

Excellent video. You earned a like and subscribe. Thanks!

@noahreyman4309 3 месяца назад

This video is top notch. I just hit 100k started investing since 2008. Sitting at 112k today.

@dianarabbanii2 Месяц назад

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. Here for ideas...

@TariqSinghKhan Месяц назад

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.

@NatalieFormor Месяц назад

@ArfaanaBinUmar. Месяц назад

Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I'm in dire need for one.

@NatalieFormor Месяц назад

Elisse Laparche Ewing is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@scottjuarez9549 Месяц назад

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

@smaya101 3 месяца назад

Good stuff

@humphrey 3 месяца назад

Glad you enjoyed

@ianollmann9393 3 месяца назад

This was excellent. Will show to my sons.

@manostrahlpwi4834 3 месяца назад

When that statment was made, 100K usd had a WAY different buying power. That amount of money is too low to relax but i get its more easy to make a video about reaching 100k than 500k

@stevexspeed7649 3 месяца назад

This is old advice on accumulating 100k…it’s more like 200k in today’s dollars from the 90s

@johannab7715 3 месяца назад

⁠very true. I didn’t even think of that!

@USMC6976 3 месяца назад

@@johannab7715 $100,000 today is still a lot of money. Almost 2 years of average salary for American workers.

@solarisv144 3 месяца назад

Had the same thought!

@revivecleaning399 3 месяца назад

He can make a video about getting the 10,000 and how it speeds up from there it doesn't matter the principle is the same

@joven_cristiano669 3 месяца назад

Great video. Im a huge VRITOKEN fan and love your videos on it.

@kenbox9355 3 месяца назад

Just started a month ago 7.23 (5) into vgt etf everyday and I have 191 into it and have a $2.63, 1.40% return so far

@JSCDofGB 3 месяца назад

This was a great video.

@humphrey 3 месяца назад

Glad you enjoyed it

@fredm1 3 месяца назад

Watched to the end and I totally agree. My first $100k was the hardest. I started investing when I was 30 back in 1998. Today, I'm 55 and have a decent $3.2M nest egg, although i had supervision of my CFP. After learning all of this, my only regret is not starting earlier when I was 25. It may not seem like much but those extra 5 years are the most important.

@debwes1 3 месяца назад

Congrats on the win man! I am on the same path and It's not even that hard to do. Too rigorous for newbies, maybe, but thats why its advisable to consuIt with good a market strategst.

@georgeh.5126 3 месяца назад

Agreed. This is why I work with an investment advlsor. I currently have over $800k in a well-diversified portfollo that has experienced exponential growth and is well-matched for every season of the market. We are now working on a more figures ballpark goal this year.

@aureliobjm 3 месяца назад

@georgeh May I know the name of the advsor who has been assisting you, please?

@georgeh.5126 3 месяца назад

She's known as 'Amber Russell Bennett'. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

@aureliobjm 3 месяца назад

Just reached out to her since I need all the assistance I can get. I just scheduled a caII. Thanks a lot

@emmetblanchette6496 3 месяца назад

Great premise, and love the video, but I agree with many of the other comments that a $100 investment is not the same risk as $100,000

@ThatInvestingChannel 3 месяца назад

Great Video Humphrey, couldn’t agree more my portfolio is only in its infancy but I’m trying to claw my way to that 100k mark as soon as possible! Even if it means walking everywhere! 😂

@humphrey 3 месяца назад

You can do it!

@samsmusichub 2 месяца назад

Thanks.

@MrRuben536 3 месяца назад

I’ve been tracking my investment NW since 2021, when I started with 5.5K. I’m now at 44k, projected to pass 60k by EOY. 100k by Dec 2026 is the goal!

@Al-xb9fo 3 месяца назад

You’ll be there in no time friend!!

@lawrencedyke 4 дня назад

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!

@SeanTalkoff 4 дня назад

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.

@tmer831 4 дня назад

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..

@DavidCovington-st2id 4 дня назад

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

@tmer831 4 дня назад

My CFA ’’ Vivian Carol Gioia, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..!

@DavidCovington-st2id 4 дня назад

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

@RWAquariumPages 3 месяца назад

great video! great reminder to save more money, but still live in the moment!

@humphrey 3 месяца назад

Absolutely!

@lalainaramarivelo 2 месяца назад

Thanks Humphrey. A good explanation of compound interests.

@fauxbro1983 3 месяца назад

Compound interest is an exponential function. Most people think wealth grows linearly, its exponetial 😊

@tiburon88 3 месяца назад

Exactly! Once $100K hits it's a sigh of relief that you've built up the financial muscle memory. You keep practicing investing but divert more of your time focusing on building your career or other skills.

@brian7110 3 месяца назад

Great video. What website did you use to make the graphs of savings vs interest at 6:30? It's a nice visual compared to the usual compound interest calculators

@stewartgames6697 3 месяца назад

Your dad's sayings are not dumb! He sounds like a good teacher and father that taught you valuable lessons about money, something not everybody gets in life. Maybe you should do an episode with him that is just him saying all these words of wisdom.

@Synful_ 3 месяца назад

one million dollars is just one hundred million pennies

@douglaschester2097 3 месяца назад

*Humphrey is beyond amazing. how to grow your finance, do this*

@douglaschester2097 3 месяца назад

Making money is action, keeping money is behavior and Growing money is knowIedge.

@douglaschester2097 3 месяца назад

I am fortunate I made productive decisions that changed my life forever (accumuIated over a MiI) through my finance-mentor. I'm a single parent, bought my house in January and hoping to retire at 54 by next year.

@douglaschester2097 3 месяца назад

sear ch the name, lf you care.

@douglaschester2097 3 месяца назад

*Rebecca Martin Watson*

@sarahfletcher01 3 месяца назад

l’m amazed to partake on this, lt has rekindled the fire to my goals.

@snakeonia7542 3 месяца назад

It Doesn’t explode. It usually doesn’t even compound any faster. Every dollar matters and the first 10k is pretty important.

@jjong0711 3 месяца назад

Yea, it definitely helps and the returns are a little better. But, it's not a gamechanger.

@nickstark8479 3 месяца назад

"Explode" may be an exaggeration, but the point is its exponential growth - wealth will generate easier and easier as it grows - but it won't magically make you rich over night.

@Zachery_ 3 месяца назад

Charlie munger said this in 1993, adjust for inflation it’s $300k which I could agree with, at $300k you’re investments should be making more than you can at least put into your 401k as the max is $23k

@hornetguy9063 3 месяца назад

⁠@@Zachery_agreed. It’s good to use a nice round number, but once you’re at $300k in a 401(k), if you’re invested in the S&P 500 ETF and all of the dividends are reinvested, you can literally never deposit again and still have $3m (adjusted for inflation) in 34 years at average 50 year returns. If you continue to put $20k away, that happens in 25-26 years.

@mikeyeet 3 месяца назад

Huh

@MoneyMasterMM 2 месяца назад

Hi Humphrey, what tool do you use to draw those charts/illustrations?

@JP-Au-Schulz Месяц назад

Live in the moment is stupid, moment is gone in just that a moment. Can not take it with you, pass it along you can and will! Its what I live by, my son and his future children will benefit, that's my goal. Great video. The first $100K was tough but the next, and then the next and the next keep getting easier and easier. Rolling now my wife and I are.

@pascualcaraballo1737 Месяц назад

I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time . I was able to build a business from my returns 💚

@pascualcaraballo1737 Месяц назад

As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Alex Gomez. A widely known crypto consultant

@tracyquartieri2 Месяц назад

I've come across this name before, is he really reliable?

@gucu4433 Месяц назад

I know him, he is my family's personal broker and also a personal broker in many families I'm United States, he's a licensed broker and a FINRA AGENT

@CarmeloSargenti-dn9xb Месяц назад

Wow!, I'm surprised you also trade with Alex Gomez, he's the best at what he does.

@pascualcaraballo1737 Месяц назад

he's mostly on Telegrams, using the user.

@shamisotunduwani1777 3 месяца назад

Is it the first 100k contributed or amassed? Same goes for when calculating NW which do you utilize?

@LumiLunar 3 месяца назад

Usually it’s amassed. But I do like to use contributed as a metric to feel like I’m more ahead. In this video he said it takes about 7.5 years to get to 100k assuming you contribute 10k a year. After 7.5 years that means you only contributed 75k. So I believe that extra 25k is coming from capital appreciation. At around 5:55 he also mentioned saving 100k doesn’t mean saving 100k. He specifically mentioned that you’ll get there by contributing 90k and the remaining is from appreciation.

@tomkaiser2541 3 месяца назад

Grant from myth busters keeps giving

@hellowill 3 месяца назад

When I started work out of Uni it was pretty slow. Now that my student loan is paid off, and I'm promoted to a decent salary, and my investments have started to grow beyond that salary... it is really going fast. My only problem is I don't want to spend and ruin it!

@habeshafinance 3 месяца назад

The first $100,000 was definitely the hardest for me, but seeing how compound interest works with more and more $ is incredible. Great video!

@ordinaryhuman5645 3 месяца назад

Note that he said that about 25 years ago. Adjusted for inflation it's more like $250k nowadays.

@lucasb409 3 месяца назад

shit... lol

@giovannizanoni6353 3 месяца назад

Lol very true...humprhey didn't get that. These finance guys are so off ...because on the same idea...after 30 years we get to 1M ? ....lol how much will 1M be worth in 30 years for fuck sake?

@xensan76 3 месяца назад

@@giovannizanoni6353 In 30 years, we'll be paying for bread with wheelbarrows full of credit cards.

@BS-jg7dy 3 месяца назад

@giovannizanoni6353 Still a lot, lol.

@javierpalacios5207 3 месяца назад

The exponential growth is the same, the only thing that has changed is the buying power.

@Bri-tg6xr 3 месяца назад

Itd be interesting to breakdown 100k in retirement vs investments vs outright liquid savings. Not really all equal in my eyes. Ive got 78k in retirement but it doesnt feel as accomplished as if it were outright liquid that i had free to do with what i wanted.

@BlueRivers 3 месяца назад

Great video man! Spot on advice!

@humphrey 3 месяца назад

Glad you liked it!

@arvincabugnason6728 3 месяца назад

It's the percentage game, where the 10% average market returns is significantly greater when you have a larger sum which is the 100k accelerating the compounding. Great lesson

@aureliobjm 3 месяца назад

This is so relatable and true lol. I remembered how tough it was before I hit the $100k mark 37. I am 56 today with over $2.8 million in my retirement nest fund alone, didnt take me any stress to get there. Maybe its because my CFP is reliable, but point is, it was way easier from there.

@fredm1 3 месяца назад

I'm headed in the same direction, and it's not that difficult. Perhaps too complicated for beginners, but that's why it's best to consult an experienced market strategist.

@georgeh.5126 3 месяца назад

Agreed. I deal with an investment advisor for this reason. I currently have over $800k invested in a diversified portfolio that has grown exponentially and is suitable for all market seasons. Our current project for this year is a more concrete ballpark target.

@aureliobjm 3 месяца назад

@georgeh Could you be kind enough with details of your advsor please?

@georgeh.5126 3 месяца назад

She goes by 'Amber Russell Bennett'. I choose to delegate my excesses to her because of her great expertise. I suggest you look her up. To be honest, almost didn't buy the idea of letting someone handle growing my finances, but so glad I did!!!

@aureliobjm 3 месяца назад

I appreciate this share. I set up a call with her and I am keen on getting to talk to her particularly.

@jemiez9383 2 месяца назад

yeah..except that my snowball kept on hitting some random trees and the snowball broke off. hmm...

@dennybrows9916 3 месяца назад

I’m 23 years old with some money saved up and man does this feel good to watch this video and remember that I am working towards something every day. Keep up the hard work everyone and see you on the other side.

@mathisnotforthefaintofheart 3 месяца назад

I would ditch the girlfriend and go mgtow. It's safer for you AND your finances

@JuanCarlos_J 2 месяца назад

I've recently come into an inheritance of nearly $900,000, i'm being directed towards the stock market. What risk management strategies are recommended to navigate and safeguard my investment in the market?

@Beatriz_Barbosa0 2 месяца назад

Explore the option of engaging financial advisors, estate planners, or tax experts. Their specialized expertise can assist you in navigating intricate financial decisions.

@JustinWitt07 2 месяца назад

@@ClaudiaEscribano630 How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

@Mehwhatevr 2 месяца назад

Assuming you are a real person... Don't take advice from people on the internet for that sum of money. seek out a financial advisor. Don't use any of the financial advisors that these scammers are suggesting. Find an advisor through a professional source.

@allanjr808 Месяц назад

90% of these are bots, unfortunately

@genjimccorkle5518 2 месяца назад

"The first 100k is a bitch." Charlie Munger says in 1950.

@HaggisMuncher-69-420 2 месяца назад

$100,000 in 1950 is equivalent in purchasing power to about $1,287,659.75 today. Lel.

@Mehwhatevr 2 месяца назад

yeah I was thinking about that too. I didn't know when he said it, but like 100k whenever he said it... has to be a hell of a lot more today. getting the first 100k doesn't seem that hard. getting the first million on the other hand... and from a common sense perspective, it just makes more sense. Not that a 100k isn't nice. i'll be there in a bout 1-2 more years if the market continues to do well.

@jlcain100 2 месяца назад

He said it in 1985. 100k then is equal to 294 today. That still don’t change the fact that when you get the compounding effect that really starts making a difference.

@tipfertool5457 2 месяца назад

Charlie Munger was going around with popped collars

@JJ-jn7ei Месяц назад

I thought he said that in the 90s

@jacobellis9419 3 месяца назад

How would this example play out if that $100,000 is in equity on an investment property ? Would it be smart or dumb? 2. Sell that home capitalize on the equity. Put the 100K into stocks like you mentioned, then use the remainder of the equity to purchase another investment property? I assume we would be comparing that strategy to letting the equity build in the current asset which might be harder to judge?

@dbish2000 3 месяца назад

In the first scenario, how can you say that the risk is the same in both situations? If you end up with -10% returns instead, you would be down $10,000 instead of $10.

@eliseduffyfxx 27 дней назад

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains within months, I'm really just confused at this point.

@lukefisherDD 27 дней назад

A robust strategy is crucial for any investor's portfolio. When it comes to making high-stakes decisions, the greater the risk, the greater the potential reward, and it's wise to seek guidance from seasoned professionals.

@MiaDavis001 27 дней назад

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.

@KevinEvans-mq4ob 27 дней назад

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

@MiaDavis001 27 дней назад

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.

@JanAlston-kd6yl 27 дней назад

I appreciate this tip. Your handler was simple to locate and appears to be extremely capable and adaptable. We scheduled a phone conversation.

@OffbeatTravelVK 3 месяца назад

We have a saying in India. "Boond Boond se ghat banta hai" translating as "Save one drop at a time, fills a bucket", analogoues to your dad's saying. Love it!

@DannySully 3 месяца назад

Love the quality of your videos!

@humphrey 3 месяца назад

Glad you like them!

@ghazikerkeni7031 3 месяца назад

Regarding the high yield savings account it depends on which country we are in, it's not always obvious

@KevinRichardhamsik 3 месяца назад

*I remember having a consultation with a financial analyst last July, and it was incredibly insightful, can't stress enough how helpful experts in this field are!*

@HendersonMiles-kp8gw 3 месяца назад

As long as you diversify your portfolio, any single investment that you own shouldn't have too much of an impact on your overall return, if it does, diversifying might might be the right choice for you, as one can also try out other commodities. I now have a balanced portfolio that is yielding profits for me.

@glasshalffull2930 Месяц назад

@@HendersonMiles-kp8gw That’s why I’m 100% in an S&P500 fund. Diversified over 500 of the biggest US companies and 46% of their sales are international.

@Flashlight760 3 месяца назад

This is some value-adding ass content right here boiii

@humphrey 3 месяца назад

Thank you!

@TerryCollinsP31Lifestyle 3 месяца назад

Thanks for this video

@JReg-xb7cs 3 месяца назад

Agree. Living proof

@genzlegacy7988 3 месяца назад

Currently have 94k after saving for 5 years, cant wait to hit 100k in the next few months and relax. Also the s&p has averaged about 19% per year the last 5 years so that has helped alot

@glasshalffull2930 Месяц назад

The S&P 500 will go up and it certainly will go down significantly at times, but we’re in it for the long haul! Just keep contributing and DONT try to time the market. Best of Luck!

@user-gl2gp6lp3h 3 месяца назад

Eating out and DRIKING out are HUGE drains on your money.

@brianking7350 3 месяца назад

Wow. Thanks

@humphrey 3 месяца назад

You are most welcome

@MamaBear-bl2nc 3 месяца назад

Does this net worth count the normal assets-liabilities or are we talking solely on our investments? Are 401K, TSP, Roth/Trad IRA part of this equation of getting up to $100K asap?

@arthurworld9768 3 месяца назад

Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?

@VanPelt54u7fcyde57 3 месяца назад

Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

@purplebliss6875 3 месяца назад

@@VanPelt54u7fcyde57 I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000

@jamesfriedrich1150 3 месяца назад

massive gains! mind sharing details of your adviser pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help fuel my money goal

@purplebliss6875 3 месяца назад

Bella Mia Darmon is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

@jamesfriedrich1150 3 месяца назад

Thanks for putting this out. I curiously searched for Bella Mia Darmon and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks

@AaronHansen-iu1df 12 дней назад

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.

@GrozaGroza-ko7fn 12 дней назад

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

@carlosinform 12 дней назад

After I raised up to 125k trading with her I bought a new House and a car here in the states also paid for my son's surgery Glory to God shalom.

@SaadmaanShohid 12 дней назад

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

@mikesnoek 12 дней назад

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

@jadewashington7 12 дней назад

The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.

@bryan_witha_whyy 3 месяца назад

It really does pop after, especially if you keep contributing.

@muichih 3 месяца назад

I wish i had this kind of advice when i was in my early 20s. I spent a lot of my paycheck on food and shopping in my 20s and didnt actively save until my early 30s. About to hit my 40s

@dustinw471 3 месяца назад

All hat, no cattle. My favorite line from that book. Lol

@ahsonnoor7233 3 месяца назад

You're not risking the same by investing more though...that would only be true in retrospect. In reality you don't know what future returns will be so the higher the investment the greater potential loss.