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Why Your First $100k Is The Hardest (Mind-Blowing Maths Revealed) 

Invest With Queenie
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Charlie Munger famously said "the first $100k is the hardest" but in this video we're going to go through the maths to see if he was right or not.
Thank you to ‪@FamilyFinance‬ and ‪@ThomasGoldstepFinance‬ for the inspiration behind this video!
I think you'll find these numbers motivating because it shows that after you reach the hurdle of your first $100k, it does indeed get so much easier to grow your wealth. I'll also share some tips on how to save your first $100,000.
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Disclaimer:
This information is general in nature and does not take into account your personal financial circumstances. It is for educational purposes only, and does not constitute personal financial advice or any other professional advice. You should always do your own research and seek professional advice that is tailored to your specific needs and circumstances.
Queenie Tan and Marquetable Group PTY LTD (ABN 85 635 225 259) are authorised representatives (1301362 and 001301337 respectively) of Money Sherpa PTY LTD ABN 321649 27708 (AFSL: 451289). You can read our financial services guide here: bit.ly/3kuwQMQ
Marquetable Group PTY LTD (ABN 85 635 225 259) are corporate authorised credit representatives (Number: 542464) of Moneysherpa Pty Ltd ABN 32 164 927 708 (Australian Credit License: 451289). You can read our credit guide here: bit.ly/3kuwRQU

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6 сен 2024

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Комментарии : 21   
@rfizz7847
@rfizz7847 11 месяцев назад
Thanks Queenie, good general "money" advice
@DARTHDANSAN
@DARTHDANSAN Месяц назад
Is this dividend investing or investing just into VOO that doesn’t pay dividends?? I’m at 8k invested in my dividend portfolio 😅
@stlim1081
@stlim1081 11 месяцев назад
Great video, MONEY!
@SuperCatt0-Boss
@SuperCatt0-Boss 9 месяцев назад
8% annual return is quite high though
@franko8572
@franko8572 8 месяцев назад
Not at all. The S&P 500 has a historic average of 9.8%. Buy a low cost index fund. Plus, it goes faster if you contribute more.
@McRuffin
@McRuffin Месяц назад
90% of these financial RU-vidrs either say 7 or 8% and think that’s the right thing to say. The 100 year average is a little more than 10%. If you estimate your retirement using 8%, you’re final amount can be off by as much as 1,000,000$ depending on the time frame. Spare yourself the bad information and always use 9 or 10%. Inflation doesn’t matter when calculating this. You’re not gonna look at your portfolio and think “ well in 2024 money I have this much in purchasing power 🤓” 😂. Use 10%
@darkhorse8806
@darkhorse8806 11 месяцев назад
Queenie can you suggest best platform to buy US Etfs. I use CMC but the minimum trade is too high to buy more ETFs
@jonostake
@jonostake 11 месяцев назад
There are ASX listed ETFs that invest in US shares. Probably much easier tax-wise than buying a US based one. Pearler, Comsec, etc
@chenaesthetics
@chenaesthetics 11 месяцев назад
try out stake
@paulmorgan8426
@paulmorgan8426 10 месяцев назад
Wheres Pablo?
@curtoksana
@curtoksana 11 месяцев назад
Money ❤
@rogerramsey9772
@rogerramsey9772 11 месяцев назад
Thanks money
@kristofmauban2751
@kristofmauban2751 4 месяца назад
Money 💸
@3MBRACEMASCULINITY
@3MBRACEMASCULINITY 2 месяца назад
Money :)
@annaq8996
@annaq8996 11 месяцев назад
money
@irisye7797
@irisye7797 10 месяцев назад
Hi Queenie, we love your video, may we know if we could work with you?
@lucyben9173
@lucyben9173 10 месяцев назад
Your Channel has changed my life for the past 3 years now ,thank you and God bless you . Thank you for the Vivident investment you told us to join during the pandemic, I just bought my first house from my investment profits with them ...
@Sundayola2024
@Sundayola2024 10 месяцев назад
I bless the day I joined this channel. I have been making over 900 dollars weekly from my investment .
@lucyben9173
@lucyben9173 10 месяцев назад
on the internet
@lucyben9173
@lucyben9173 10 месяцев назад
vivident investment
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