Why net worth skyrockets after 100k
ฝัง
- เผยแพร่เมื่อ 15 ต.ค. 2024
- In this episode of Property Now, Ed explores the significant impact of reaching $100K on your financial journey.
Learn about the concept of 'scale of capital' and how starting with larger amounts can dramatically increase your financial growth over time.
Also he talks about why many find themselves stuck under $100K and how surpassing this can catapult your net worth, thanks to strategic investments and understanding the power of your initial capital.
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If I have $40k I'm one IRA, and $40k in another, and $20k in a 401k, does the principal still work with skyrocketing wealth, or do I have to consolidate it?
Another great video. Thank you Opes partners!
At 3:36 the renting vs owning chart a house doesn't include house upgrades, new roof, insurance, etc. My house is paid off and I just got hit up with my bi-annual property taxes.
At 3:38 The arrow of "Owning is cheaper ..." points to the renting graph. This is confusing.
Shout out to Andersons Pies! Best pies ever!
Not everyone will have 100k , it’s very hard to save these days, because of inflation and very high rent plus bills.
Great video Ed! I remember Charlie Munger said pretty much the same thing: The 1st of your $100k is a bitch. I don't care whatever you do, but once you've got it, the next becomes much easier.
Great stuff but the way bro haha 🙏🏽 always providing value
I’m tryna hit 7 figures before buying a house .
You might be leaving money on the table doing that.
@@samwise5493nah definitely leaving money on the table with that game plan
Fair enough, but the property market in the west will collapse, just like it did in China a few years ago and we now see the same thing happening in the US. Predict that within 5 years property in Canada and Australia will collapse as well. People need to know that property goes up and down. The current trend of property going up for decades will not last. If you buy property just before the collapse you may have to pay off debt until the end of your life. Do not fall into the FOMO trap: fear of missing out.
My advice: do not buy a property in times of great turmoil and uncertainty in the world like the times we live in now. Wait until the market is in a deep recession or even depression and then buy property for next to nothing.
That's a complete false arguement
If the average home price is 1.8 million dollars to save up a 20% deposit $360,000 will take a person 20 to 30s to do and then you've got your repayments which is $9,000 a month
Wages have not kept up with inflation the property market is oversaturated with artificial prices based on migration
You might want to get your facts right buddy
what was his pies like? where? FERGS BURGERS $1.2 MILLION T/O WEEKLY?
Oh he does not know the gen on Tik Tok is Brian Tracy.😆