Why Net Worth EXPLODES After $100,000 (Simple Steps)

[@GabeBult]

Head to facet.com/gabe to learn more about which membership option is right for you.

[@Fireman1511]

Owning rental property was the ticket for me to start retirement early. It was my second job during my working career, and now the properties are all sold. It takes a commitment to manage, and balance family life, but worth it in the end. Thanks for the video.

[@debraallsopp6530]

Rental property was it for me also. I'm retired and ready to liquidate and go into triple net. What did you do with the money? I'm looking for other ways to get a return on my money

[@Fireman1511]

@@debraallsopp6530 Mostly ETF's and Mutual Funds. You're not going to get the returns you would in well managed rentals, but less risk and no hassles. If you're leaving a legacy, get creative with starting that early.

[@Mikael00898]

It's amazing how history keeps repeating itself, and the urgency to prepare is definitely real! Investing can be the best decision of your financial life. I started my journey in 2021, and it’s been the best choice I've made for my finances.

[@GilbertOjoa]

What's the best way to begin, and how long until it starts yielding profits?

[@Mikael00898]

No matter how long you wait, opportunities will arise in the market. Invest for the long term, and avoid being too greedy or too fearful. Making informed decisions is crucial; relying on luck isn’t enough, so partnering with an advisor is essential.

[@GilbertOjoa]

I hope you don’t mind suggesting your sûpervisor, as you mentioned before

[@Mikael00898]

Olivia Charlotte Oswald

[@Mikael00898]

She's an amazing professional I’ve had the pleasure of engaging with. You can look her up

[@Bum_Hip]

You are correct, the average return on index funds is well over 7%, closer to 11 as you said. We use 7% as a reference so we are accounting for inflationary pressures on our net worth. Good video as always sir! 👍

[@GabeBult]

For sure! It’s actually a crazy high number 11%!

[@JoeFromSomewhere2303]

Which is silly to include the inflation by subtracting it from the your investment growth instead of adding it to your expenses. If you make 50k per year you will need at least 2-3% raises to keep up with inflation, which depending on your field you will probably get. If you save 20% of your income, your savings will go up to match inflation. At the same time your investments (let's say 100k) will grow at about 10.5% per year if invested into the S&P500. You will not lose 3% to inflation per year. Inflation will increase the cost of everything including probably how much your employer pays you and how much you save. I think subtracting the inflation from your investment growth, while mathematically correct - sort of - leaves us with a pessimistic view of our investment growth that isn't likely.

[@Bum_Hip]

@@JoeFromSomewhere2303 so do that. The rest of the world will continue to do what has worked for the past 100 years. Whatever works for you.

[@gabrielacosta9234]

When I graduated from college I got a pretty good paying job. Lived below my means, lived with my parents and kept my car from the early 2000’s. Now I’ve managed to rack up a net worth of more than 80k from 5k in almost two years. Many if my friends that also finished engineering have either a negative net worth or less than 10k. You can make it if you’re lucky/disciplined.

[@debraallsopp6530]

My husband was an engineer and I grew up with my parents being Landlords so we invested in rental property. It was the only way to grow money until we retired

[@kaydeleshropshire724]

I found you later in life (49) but the advice still checks out. Love the videos and even more….i love sharing your advice with my children who ARE young enough to make the most of it Keep on doing the great work!!! We sure appreciate you

[@PrimitiveAK]

I wouldn’t say it “explodes” it just makes growth a little bit easier. Average S&P500 growth is just an average. People need to factor in risk and standard deviation of that risk. It’s not all roses and daisies.

[@PattyMiller-ub7lq]

I can't tell you how much I APPRECIATE your videos, I have learned a lot. I have 13 grands and I"m try to show then how great you are.........

[@PhilFlock]

i reached my first 100k in the age of 33. and i only got my work permit for 5 years in the united states. i truly hope your math is right. i invest 800 a month minimum. more if i had a good month. thank you for your videos. you're truly changing life's. you definitely changed mine. thank you!

[@FeelMyBicepp]

What do you invest in?

[@PhilFlock]

@@FeelMyBicepp mostly high dividend paying index funds. Pretty simple and I'll try to do invest as passively as i can. Made too many mistakes trying to time the market like a wanna be pro 🤦🏻‍♂️

[@AccompanyMe-r9q]

Phone analogy is easy to understand. For me personally, I have a choice to work 10 months with a big savings or cut expenses more and go after my dreams. I'm choosing to live on nothing and network. After I can save faster.

[@Mr.Persistent763]

The starting definitely is more difficult compared to once you get the ball rolling. 😢Need to cut back on spending too much on the latest and greatest things. Nice video and thank you for sharing the resources.❤

[@GabeBult]

For sure! Compound interest applies to so many areas in life

[@Azralynn]

I'm disappointed that you don't discuss how inflation has a huge negative impact on investing money in certain ways. How much buying power was that $100k 7 years ago, when compared to the same $100k today - that sort of thing. Obviously, having a plan is better than no plan, but I've seen so many "financial advisers" who told me to invest using them (they want their cut, right?) instead of simply paying off my mortgage at the time. I'm so glad I never listened to them, but now that my home is paid off, I would like to seek out other investment opportunities. I think the biggest issue is that inflation is through the roof, and it seems like holding cash investments are not going to grow enough to combat the inflation.

[@nickmcdonarld]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Brooke Grace Miller.

[@GrozaGroza-ko7fn]

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

[@HighlightsSerieATIM]

The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.

[@sole27ore]

I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.

[@nickmcdonarld]

she's mostly on Instagrams, using the user name

[@nickmcdonarld]

FXMILLER 171 💯.. that's it

[@LivingProcess]

Brilliant as always 💚 Making the first 10k would be interesting to know.

[@Creamy_Durian]

Many youtubers got the idea of this video from Charlie Munger who first talked about it in the mid-1990s. Due to inflation, the number is now around $200K which is what many youtubers forget to address. Nevertheless, the core principle still remains the same and shows how powerful compounding is.

[@AK-47ISTHEWAY]

All of these KZbin financial content creators are copying the exact same videos from everybody else. There are literally like three dozen other videos with this exact same title and strikingly similar thumbnails on KZbin. I'm starting to think that they are all part of the same MLM scheme.

[@epbrown01]

These videos cover the fundamentals, which aren’t different from creator to creator, so you get redundancy. It’s the same with any subject - there aren’t 100 different ways to lift weights between 100 fitness influencers; they’re all teaching the same things to different audiences.

[@HeathWard1]

Everyone copies everyone in everything

[@jaredwh777]

And yet I keep watching them. 😂

[@JMANE187]

I mean who cares this is my first video watching this so without him it’s possible I wouldn’t have never knew this info or not anytime soon. As long as you don’t pay these people money who cares if they copy each other. Let them make their money and let us benefit from their knowledge.

[@truthtelleranon]

What was your point in taking time out of your life to write this comment? Genuinely curious

[@stevenjackson1747]

There are at least 15 of these videos with the exact same title and thumbnail graphic.

[@shandar3278]

I know!! They are all just remaking videos they just remade lol. I guess there is only so much you can talk about when it comes to saving money.

[@OnmywaytoFI]

Cool…you watch all of them?

[@EricMoore790]

I saved 20K and my bills are slowing me down big time.

[@Bum_Hip]

@@EricMoore790 don’t let that discourage you. Saving, and investing are not a zero sum game. If your goal was to save 10k this year, but you had to spend $2,500 on an emergency, and could only put away $7,500, you still made significant progress. The key is ABS… always be saving.

[@michaelhutchinson2854]

Stop being poor then…

[@Meetoon733]

Downgrade your life if possible. Spend less in rent. Spend less on your phone bill. Spend less on groceries/eating out. Control what you can control to the best of your ability. Don't lock yourself into a mortgage until you fully understand the commitment you're making.

[@FeelMyBicepp]

​@@Meetoon733is renting better than buying?

[@L0kie94]

I really like this video no clickbait and straight to the point

[@julieniemeyer925]

Pure gold once again, bravo Gabe, bravo.👏

[@christiner659]

Really appreciate you!! Just a shout out!!

[@frankbell1408]

From $10K to $25k that's the minimum range of profit return every week I think it's not a bad one for me, now I have enough to pay bills and take care of my family.

[@GillerHeston]

The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?

[@rogerwheelers4322]

Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.

[@joshbarney114]

I completely agree; I am in my mid 40s, approaching retirement, and have approximately over 2million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.

[@FabioOdelega876]

This is exactly how i wish to get my finances coordinated ahead of retirement. Can you recommend the financial advisor you used to get ahead?

[@joshbarney114]

I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky” for about three years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@FabioOdelega876]

Thank you for this tip. it was easy to find your coach. and I conducted thorough research on her credentials before scheduling a call with her. Based on her résumé, she appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her.

[@successway6789]

Phone analogy is easy to understand. For me personally, I have a choice to work 10 months with a big savings or cut expenses more and go after my dreams. I'm choosing to live on nothing and network. After I can save faster.

[@Joe-yh5yr]

Thanks for the very original content.

[@mysticaltyger2009]

3:36. When did people start saying "on accident" instead of "by accident"?

[@Nerdificationing]

When they failed English class at school. 😂

[@mh_p.a]

I achieved my first 100k at the age of 24. That was 2018. Then the 2020 pandemic happened. I lost everything. Now I'm back to zero; I don't know where to start😢

[@Bum_Hip]

Had you just done nothing, you would be in fine shape. You are either not being 100% honest with yourself, or us, as to what happened, and how you reacted, or you never had 100k to start.

[@kenjimiao967]

My brother, if you are capable to achieve 100k at age 24, you WILL BE able to achieve another 100k again. I don't even have 30k at age 24

[@mh_p.a]

@@Bum_Hip I don't know anything about investing during that time. I lost my job when the lockdown started. I got scammed during the pandemic. Until now I'm having a hard time getting a job.

[@Bum_Hip]

@@mh_p.a if you saved 100k before there is no doubt you can do it again. Time is in your side. You are still a young person. I know that it gets old hearing people telling you how young you are… but you are, and time is your biggest weapon. You don’t have to save, and invest as aggressively as an older person who started later.

[@Meetoon733]

@@mh_p.a If you've spent 4 years looking for a job and have been having a hard time that's on you... I've tripled my income since 2020 by gaining skills and job hopping.

[@TiagoRamosVideos]

Awesome 👌

[@JewelWorm]

Your explanations are clear and straight forward It's always a honor to have you here as a mentor, I appreciate you for the time being spent to educate us financially. Regardless of how bad it gets the economy, I still makeover $28K every single week. I truly value Amelia Pedri, and her helpful guides.

[@Abdul_Rahman86]

My portfolio exploded after $25k!!! I just focused on $5k increments at a time

[@Kathleen58]

100,000? Heck I’m only at 5 K and trying to save more than that! I know I need to invest I just need to make a phone call and an appointment with an investor.

[@elrudiiisimo3066]

I have a question about this when people say make first 100k, is this including retirement moneys, or is this straight up what you have liquid? I feel like that makes a big difference on how you view if you can touch the money or not.

[@Thegreatresetoflife]

Thank you for your videos. I appreciate you and your work. You inspire me to do better. Day 4 with my channel. You help more than you know.

[@GabeBult]

Awesome! Keep it up. It’s really a long-term game.

[@liahonafrench]

Hi Gabe, you're probably not going to see, read or even answer this but still trying to ask my question: the pictures you have behind you in the office (at 10:01 for example), is this part of a vision board?

[@NathanHunsdale]

"An absolute ... hard thing ... to do" 😂

[@comedyman112]

Would it work the same with 100k of any other currency? Especially if my country has about 5x lower currency vs usd I just surpasses 140k in my local currency, which is merely 31k usd 😅

[@angelafosse5955]

You and nischa have practically the same video, title and all. I follow you both btw and felt like i was having dejavu lol

[@angelafosse5955]

Even the exact same thumbnail diagram with the chart. Her video is from 5 months ago

[@DanSchultz-e4d]

How long did it take you to save the next 100? Wete there alot of obstacles/ unexpected expenses/ car repairs along the way?

[@mysticaltyger2009]

I'm sure Gabe's next 100k was faster than mine. But if you're someone who just works a job and keeps putting money away, I think my example is fairly typical of what it looks like: Age 26: -$14,000 (that's negative 14k. In the hole!) Age 35: $100,000 Age 41: $200,000 Age 43: $300,000 Age 46: $400,000 Age 48: $500,000 Age 50: $600,000 Age 51: $700,000 Age 53: $800,000 Age 54: $900,000 (today). The 2008 financial crisis happened between my first 100k and 200k. Some bad financial choices on my part made things worse (like losing $11,000 buying bank stocks just before they completely crashed and then selling them soon afterward. Washington Mutual went to $0. Remember that bank?)

[@nellycaldeira4145]

Wbere the gials settinf document? Is it the workbook?

[@marywalker9797]

First comment? Cool!

[@GabeBult]

Let’s go!

[@Chris-xy8lu]

More investments that paid every month. Live to hear more.

[@IvansBikesBmws]

Nice video

[@carlom9710]

So 100k net worth? Or 100k in saving or investment?

[@XAUCADTrader]

Invested, because it's compounding

[@dekkard]

3:05 - can this even keep up with inflation?!? :D

[@Celtic-Acid]

A lot of people copy Alex Homizi

[@JosephZerafa-l3g]

I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated.

[@noonan395]

VOO ETF NVDA APPLE AMAZON TESLA IM AT 230k with these now started in 2021

[@rogermenjivar1438]

I knew a product/service promotion was coming…

[@greciarubio1]

Have you saved your first 100k ? Any suggestions?

[@Charlesyo_]

Bro make the 10000 video!

[@InspireMe819]

My goal is to travel 2 times a quarter.

[@christinab9133]

❤❤❤

[@ttrruaminpn5755]

10k is hard? It's like half month salary.

[@MrSabinR]

Wht the hell do you americans talk the way you do?!??!??!?!?!

[@snoopys14]

That's some bullshit 100k will not do anything to your wealth , 10% of 100k is drum 🥁 roll 10k That's not changing anyone's life flip it id say 250k is the new 100k because when you get that much in a index fund your pushing 25k in returns in the uk it's some peoples salary While people like to use 100k example 11 years then 7 years is still a long time that's 18 years of your life In 18 years you learnt to talk, walk and understand emotions as well as go to school potentially have sex and so much more 18 years is a long time Try think of investing in index funds as a game urgency, it so urgent that you put all the excess money you have into your investments not just $500 a month Videos like this one are just copy and paste videos of other videos. 100k no 250k yes

[@mysticaltyger2009]

It is a copy and paste video, but to say 100k isn't significant for most people simply isn't true. 10% of 100k is $10,000, as you mentioned. That's more than most people save in a 401k in a year, so even for a fairly aggressive saver, a 10k gain would match what they put in their 401k in a year.

[@PattyMiller-ub7lq]

SNOOPYS WHY DO YOU HAVE TO BE SO RUDE--------- I 'M JUST STARTING TO LEARN THE ABC'S OF FINANCES AND LOVE THE VIDEOS..

[@snoopys14]

@@mysticaltyger2009 while 100k is a lot in isolation is good (e.g if you spent it) in your investment portfolio earning 7/10% 100k is simply not enough I like to be realistic in what thing cost and what a good amount invested looks like . The goal should be to earn a years salary from your investments as quickly as possible year on year not a arbitrary number like 100k

[@AndreiPascale]

This is SO generic. Unsubscribed.

[@michaelhutchinson2854]

Unsubscribe from life while you’re at it….

[@PattyMiller-ub7lq]

WHY DO PEOPLE LIKE YOU HAVE TO. BE SO RUDE.

[@AK-47ISTHEWAY]

​@@michaelhutchinson2854You first. Lead by example.

[@rakuwaru3619]

fuck money

[@divyv20]

Hey gabe , awesome video! Your unique style really stands out. I'm a video editing specialist focused on KZbin growth, and I can help enhance your content with high-quality edits and engaging thumbnails. If you're ever open to exploring new ideas or strategies that can boost your channel further, I'd love to connect and see how we can collaborate. Let me know your thoughts!