Why Net Worth EXPLODES After $100K: Learn The Secret!
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I hit my first 100k last year at age 31. I’m so happy!!!!!
Hit it last year at 30, on the road to 200K. Nice to see that with 100K, you're already 50% until 200K.
Nice. I want to buy MSTR when the market crashes in a few weeks
@@traivon3760 congrats brother :)
Nice job !👍
Nice job man!
Shared with my teen, he doesn't listen to me, he holds you in regard, so hopefully he'll listen to you
If your teen holds Brian in high regard he has a chance! Let Brian be his mentor, he will lead him in the right direction. Trying to get my kids on this too. They're grown and making good money now but not on the investment train yet.
Robert keyosoki is good also
Sigh, just let teens be teens.
Funny I did the same thing with my 15 year old son.
@@desperanto. How's that working for Baltimore? Detroit? LA? SF? Hahaha... 'Cause 14-year-old girls are so insightful? Hahaha...
"Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”
-Albert Einstein
If you get married your wife will neither understand this or care and she will bankrupt you.
😂 don’t worry the IRS is going to whisper give me all your money. Cause you will own nothing and be happy. 🤫🤫🤫🤫🤫🤫🤫🤫🤫🤫
Not like we heard this one before 😅
@shanedavison7473 😂😂😂 I'm a wife, and I'm the investor in my household. But, statistically, you're likely right 🤣
@@DaisyJamesRetail Sorry, there are always exceptions. I have just not encountered any so far.
I think you're the man! Selling nothing and providing invaluable advise. Truly for the people.
The continued shots at Graham Stephen LOLL
hahaha I was just about to comment the same thing. 😂 😂
Brian straight up destroying him, too. Brian is easily the best finance channel on YT, straight to the chase.
I love it I stopped watching bro cuz of B cuz I started seeing what he was talking about with him. He don't provide no value nothing like B
We love it.
@@2alawabidingcitzen facts, I used to watch Graham years ago but it's the same clickbait BS with overdone thumbnails and repetitive talking points.. Brian where its at
Brian let me borrow $100K, I’ll pay it back in 4 years😂
You didn't get the point. It is NOT 100K alone will get you to 1M, it is consistently saving up 10K each year with investing to get you the 1M.
@@datbio7302 Exactly. Thank you for making that point.
JM - But what does Brian get for lending you $100K for a 4 year period?
That would be a very bad investment of HIS money. High risk and ZERO return.
Go get two jobs and WORK HARD for your money.
😂😂😂😂
@@datbio7302 I sure it was just a joke😂
Brian is correct, I know and am living it. The "magic of compounding." Everyone wants to get rich fast but getting rich slowly does work.
100%!
Brian is the older cousin or uncle that I needed when I was growing up.
Isn’t that the truth. I had probably around 170k at the age of 26 from playing poker and I was clueless about investing because my dad or any other family member really did it. I’m 45 now and pound into my son(who’s 16) and any younger people I meet at the gym or wherever.
I had around 30k net Worth in 2012 at age 28 when i bought my first home in LA. Than got a second home in 2017 and rent my first one. Now today at 40 years old with a family of 7 i have around 1.1M net worth. And making under 100k in the past 10 years. Hope i am on track to having over 5M by the time i retire. 🙏
leave Kali and you can retire without worry
over 2 mil net worth from real estate.
nice bro! where did you buy in 2012 with 30K lol Curious bought my first property 2022 at age 26 in South LA, 500K Duplex that needed work.
keep going bro! keep inspiring.
Great! But, target to 10m at least. By the time you retire your 5m will like 1m in today’s money.
I appreciate how straight to the point you are and that you don’t promote so many ads on your videos! Thank you for your seriousness!
you didn't see two ads?
I seen one ☝️ and I’m glad only one at the end.
Finances are exponential. Live above your means, borrow, and your debt can spiral exponentially. Live below your means, invest, and your net worth can grow exponentially.
Yes but it depends on the whims of the market.
In 2022, investing would have actually caused you to lose money.
Higher interest rates have subdued the market. I’m hoping things will change soon. I am heavily invested in tech and my returns have been meh the past two years
True, I started out with minimum wage @ $1.25 hour, now have $2.5 million. Took from 1972 to 1996 to build my first $100k, got knocked back down to zero many times but eventually made it, in Dec 1989 with my last $13 dollars I bought a 1889 silver dollar and decided that was my good luck coin and made it from zero to $100k in 1996, from 1996 to 2010 it grew to $1 million, retired with $1.55 million in July 2012, grew to $2.5 million during retirement in August 2024, still have that silver dollar in my pocket. 10% seems high, my average gain over last 12 years has been 5.3% but that includes withdrawals for living expenses.
😂😂
Yer it’s good to be lucky
The problem is consistently making 10 percent on your savings, the loss of value of your savings and the inability to save 10k every year
He’s ridiculous
@Slov_ easy to say hard to do, the higher the return, higher the chances of loss
The market can wipe out more than half of your portfolio if you meet with years like 02 or 09. Talking is easy but the reality is tough.
@@dimitrovbmw my 100k portfolio says otherwise...
Just hold through bear markets. Don’t panic sell during the dip. Also if you’re near retirement age take some money out of the market so you don’t feel pressured to sell.
Had I known when I were young. But I shared with my two daughters ages 22 and 18. They're gonna be good because of you! Thank you
Why wasn't I taught this in Jr. high school?? GEESH! Your a very smart man Brian, I wish you were my teacher in Jr. High... Blessings
Because it's a pawnzy scheme that works only if there's an inflation. Aka assets growing up by 10% for many many years mostly because of inflation.
When I was in Jr High... Apple was trading at $0.25
So... I blew my future wealth on Pac Man and Super Mario
This has been around forever. Einstein said compounding is one of the most powerful forces in the universe.
He's too smart to apparently to have taught at your school. "You're". :)
Because they very deliberately don’t WANT you to learn this in school. If everyone knew this it would be bad news for the rich people exploiting us all.
I saw this happen with my wife's 403b..First 18 years of contributing, we got to $95,000...all her $ was in fixed funds...in March 2020 market collapse, I got her $ into stock funds...She is now back into TIP fund with $220,000..We have been fortunate to be able to put in at least $10,000 every year for the the past 4 years. Her employer has been matching 6% for the last 23 years
Im 71 I doubt ill live that long at this point, but at least i have 100k
You’re fucked man
You got like 10 years left , enjoy it bb
@@austensmith6857damn alright we got god over here 🤦🏽♂️
This is so true. It feels like yesterday I broke $100k, now I'm at $1.6.
Stocks?
Meh. U were born in the right time . We’re entering an era of massive credit contraction , after the greatest run of credit expansion of all time . This whole video is moot
Congrats bro
I'm at $49k at 24, excited for $100k
Great result at 24 already. You're well on your way. Keep going.
Nice work bro i am at 10k$ at 20. My goal was 100k$ this year but did not reach it. Good luck with ur journey ❤
@@tycondero1647 thank you!
@@failedsociety0 thank you! You're doing even better than me!! Keep it up man!
$1M is the new $100K
Brian, you are one of the rare few giving out fantastic and high value facts about growing wealth. Thank you.
A man full of wisdom and a no non-sense attitude. Have a great weekend, Brian, and thank you for sharing all your knowledge.
Down to earth simplicity! Love it.
Wish I could shout this part at around 7:24 into everyone's ear.
I know plenty of friends and family who become total cheapskates to increase their savings, but the part that helps the most, in my experience, is learning how to:
-- Training up - If you work at McDonald's, become the manager, a literal 19-year-old can do it, why aren't you? Don't be and don't surround yourself with the type of people that say: "I don't want the responsibilities" while also complaining that their bosses have it so easy. They're confused about which one it is in the first place, don't let the blind lead you.
- Negotiate salaries
- Spot dead-end jobs and LEAVE for a better job before you waste time trying to get raises there
- Constantly apply to new jobs, even when you have a job, if not especially when you have a job, to ensure that you're always moving toward the best salaries at better companies. Every interview is practice, so it doesn't matter if you don't get the job, it matters that you're learning.
No responsibility worth $5 an hr more for $1 an hr more
Nope
@@YeshuaKingMessiah brother that is the shortsighted thinking I'm talking about.
You're tripping over a 4 dollar difference that you'll only have to put up with for about 4-5 months before you hop somewhere else?
@@AubryRugBurn where u hopping,
Burger King instead?
Maybe DG
All those crappy places don’t get u a leg up to real $ jobs
Very true. Witnessed it 1st hand in my 401k & Roth IRA accounts. The moment my investment passed $100k, it has been a steady 20% growth year after year. By time I reach 59.5 for withdrawal, I'll have over $200k annual dividends tax free to spend from my Roth alone, on top of the capital gain in the millions.
@@gyrate98no its possible if you leverage your funds like fngu
The information you present on your YT channel is informative, useful, and honest. There is a lot to learn from you; many are watching and paying attention to every word you say. Thank you for the work that you do.
I drive an $1800 car and I got 63K in my IRA. Plan on retiring in 24 years. Let's keep the hooptie going!
How old are you?
I hope its toyota or honda lmfao
nice, sp500 or nasdaq index funds, slow and steady wins the race, youll def hit 2 to 3 million by retirement
Don’t retire
Don't rush into retirement. People degrade very quickly when they retire.
I’ve had 100k since 2017 and the reality is that your money doesn’t double every year. The biggest contributor to my money growth is still my income source and savings.
Why would it double 😂. No one has those type or returns every year
Are you well invested in funds that track the S&P 500?
Generally 7 years to double in spy
You may not be invested properly. We have had massive bull runs since 2017 and your $100k should be way more now.
The one cent doubling scenario was only used to show compounding. Find something that gives you min of 4% not those silly savings accounts that gives you pennies of return.
You and Holy Schmidt... no nonsense financial advice without sensationalism
Agreed!
It‘s the same principle when doing vom 1k to 10k, or going from 10k to 100k. So the 100k is simply the point where your money will make enough money to be literally life changing. But you can also use these principles to grow small amounts of money, so don’t feel discouraged!
This is the most honest and real video I've ever seen on TH-cam. Thanks for this! I will start spending less from today
as soon as you start creeping towards $100K, boom! Recession! Laid Off.... It's like employers are laying off on purpose to keep everyone poor.
I'm in the same situation right now. l just broke $100k and this recession is gonna get me laid off. I'm gonna need to get as many side gigs as l can to avoid digging in my fist $100K. I'm scared on how to invest it because it was so hard to make. It took me 10 years of sleepless nights of overtime to achieve it and pay all my bills.
...."the one that Graham Stephen promoted" I'm rolling on the floor 🤣
I appreciate that you acknowledge economic difficulties and realities, but you also keep it positive and hopeful.
What Brain said is the truth. I'm at year 13 on my journey and I see that explosive growth.
I had problem comprehending trading in general. I tried watching other TH-cam trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow
The most important lesson is to get a job where you can save 10k/year 😂
That’s it. Invest into S&P 500 is easy, making enough to live off of and invest is hard and is never covered.
@@gyrate98 go back graham Stephan’s channel. 🤢
You forgot to say how to get 10% return every year guaranteed please
It's not guaranteed every year, it's the S&P 500 average return over the last 100+ years. Some years lose 5% while others make 20%. It all averages out. The only way to make that return is by investing. You can't drop it off at your bank and expect that type of interest.
This guy is the only financial guy on YT I subscribe to
Same
33 years old. 300K in my 401K. I'm hoping to retire at 50.
that is impressive
How are you going to access those retirement funds without severe penalty at age 50?
@@soundsnags2001 My retirement contract at work is 3% at 50.
@@x2dab184Don’t forget about Uncle Sam.
I hit 100k at 28, super blessed!
"The first $210,000 is a bitch, but you gotta do it." Updating Charlie's quote for 2024.
if he was coming out of the grave 😂
My net worth is $800k accross various investment accounts. I earn about $5k/month passively. I don't spend it. Just reinvest. It's true. And it works. I am swimming in money and I could stop working soon if I wanted to. (But I make $300k/year so I wouldn't stop working yet. It's a haul!)
Isn't it ironic that when you have it, you don't need it, but when you don't have it, you do 😂😂😂
This advice is nothing new. The real advice people need to hear is, "Unless you are willing to suffer to get to $100k, you are almost guaranteed to stay broke if you live like you are rich now."
your advice is literally nothing new as well 😂
@@alonsoledesma9609 And yet it is the least given advice.
@@alonsoledesma9609none of their advice takes into account all the other factors required to end up with 100k IMO…
@@alonsoledesma9609he’s probably broke and angry at the world
Lesson here is no bank will give you guaranteed 10% savings rate
Title should be how net worth explodes 10-15 years after your 100k.
At age 70, I'm finding I need that $500 Month dividend from 130k just to stay even these days. It's all liquid in a HISA. Yes, I'm the exception as I got it though a judgement last year. I need those funds liquid as the time will come when a new vehicle is in order, a new roof on the house or just spending in down living life while I can. Having an extra 100k is different when you reach my age versus someone 30 or 40. Just my take on things.
This simple investment strategy should be taught in school. Who care about the subject of history and literature!! They should add personal finance as a required subject.
It definitely exploded after 100k, I agree 100%
Yes, it was just a grind getting there. Patience and discipline.
@clearvaluetax9382 You hit the nail on the head "Patience & discipline," and I still buy heavily!
I hit 100k in May and I’m now at 180k I need guidance on where to put my money it’s just liquid at the moment any guidance on where and how to start? 37 year old
Once I reached my 100 K the next 80 came fast within three months
@@user-jx1wl3yq3c You reached 180k without investing? Buying index or etfs. I love VOO & QQQM
This , this is why I subscribe to this man here, trust worthy and humble and the best accountant
Brian,
First, Outstanding graphics. Easy to read and paced well. I appreciate these free classes and hope to pay you back by retiring comfortably. Please continue these types of videos from time to time. They are very informative and easy to understand.
As always thanks for sharing Brian. from 54800.34 in debt 14 years ago to worth mid 7 figures not bad for a bastard child with only a GED, but with hell of a work ethic and some damn good mentors like YOU BRIAN. Of course my bride allowing me to do the extreme things I did to get us here, thanks Sweetpea!
You have 5 million?
I just wish I would have learned this lesson about 10 years ago. Now I'm trying to play catch up. I can't wait to hit that $100K.
That shade thrown at Stephen Graham lol
If you have good credit PMI is legit not even a big deal at all. On a $600,000 loan my PMI on a 30-year amortization is only $118/month. Don't let PMI and Dave Ramsey scare you away from getting into a house!!!
Yes, the first home I bought, I had PMI. I could only save 10%, there was no realistic way of me getting 20%. I did try to get rid of that PMI as fast as I could though.
I used a VA loan
Agree. My loan was about $540k and PMI is $78/mo
@@mandypdx yeah I don’t understand when people like Ramsey are like “PMI is $75-$100 per hundred thousand”. Like no dawg, no it’s not.
Never did PMI. First home $185k in mid 90’s. 20% $37k. Sounds small but was done on around 30k salary at the time.
Sold 7 years later at $350k. Had enough profit to put 20% down and buy $500k. Home now worth $1.5 million.
So my initial $37k turned into $1.5 million.
You might be the most honest person on the web sir, thank you for the knowledge
I had to put your message in the ending in my journal, i started journaling early this month and i thought that would be a good quote to read in the future. Im currently only about 40k away when combining my small account to the main one. I hope everyone who saw this video reaches the goal ASAP.
Nice job. I hope everyone shares this with their friends and family. This is so true
I’m using my equity to move out of state and buy a house cash. Got over $100k in investments and an emergency fund. Zero debt! You have to hustle and sacrifice.
I’ve watched countless hours of all the greats, read books, networked, done the math…this video is 100% on the nose.
The “trick” to wealth, is short term sacrifice and delayed gratification, patience, and getting your money to make money. Snowball!
If getting rich were so easy, the streets would be filled with millionaires instead of homeless people.
I started listening to Brian in 2020, now I am sitting on my 3rd house and looking to buy 4th. His formula works, it's up to you if you are willing to penny pitch for a few years. 😅 like he said, it sucks, but it works!
"We do things not because they are easy, but because they are hard"
Steady work, being frugal and pressing on by saving and investing. This is not magic. Sacrifice the Starbucks, the tattoos, the eating out often and being frivolous with money. Also, do not be cheap, the universe will help if you help others.
Democrats want to keep people poor
You need poor people to be rich otherwise everyone would be middle class.
Brian is God sent. I love his honesty and transparency 🙏
Yes, amazing video! Nobody understands the value of simply living below one's means and treating your money like your future depends on it.
I LOVE made my first 100k at 35. I am childfree too.
This guy is one of the few youtubers I always trust! Legend
I just started investing 2 years ago, I'm currently at $12k. I'm pretty pleased with my hard work. I do dollar cost averaging, a set amount every month. I also have a Roth IRA $4k, so it's split in both accounts. I wanted one account for the next 10 years and the other one for 59 years old.
FYI you should max your Roth out first before any brokerage investing. It’s tax free on earnings and you can withdraw your contributions with no penalty. It’s a win-win.
Congrats on the $12K David! That's awesome. You will gain more and more momentum. Keep adding and keep going. The Roth IRA is a good pick to do it in.
@@Mactakun Cool, I'll do that! I wonder if it's worth transferring my Robinhood money to my Roth IRA?
👍 great job! Keep going and don't stop.
@@DavidDavisDH
ROTH IRA is capped at $5,000 or $6,000 per year.
So keep that in mind ❤❤
Late bloomer, hit 300k networth at 39. Rapidly approaching our target goal. Keep strong everyone.
I hit 100k in May and I’m now at 180k I need guidance on where to put my money it’s just liquid at the moment any guidance on where and how to start? 37 year old
@@user-jx1wl3yq3c
Wait til the market crashes in 2025.
@@user-jx1wl3yq3c Bogleheads 3 fund portfolio
Very nice!
good job, you're probably already reached Coast-fire. I'm at 520k at 45 years old and should be on track to retire early. That day cannot come soon enough. Work sux.
it gets insanely fast once you hit the milly mark... doubled in like 4 years but this is with zero debt... what Dave Ramsey preaches
Having debt or not, saving 15% of your earning.
I love the length of Brian's videos and how they are cut to the chase! Simple and informational!
Its an easy process. Most people just never start.
I wish you all the sucess Brian!! You've given us so much insight without BS and get straight to the point!! I been watching you since covid 2019 and dropped all the other finance youtubers because its repetitive while you give us up to date information!!
Yes sir! I lost all my wealth in a divorce 14yrs ago. I even dipped into my IRA. I was paycheck to paycheck for a long time. I slowly invested (dca) in the stock market in 2015 and also learned about digital assets in 2020. I can breathe again... I'm not rich, but will be well off by time I'm 60. It doesn't happen overnight, start now. Don't spend money on foolish things. Enjoy what you have.
I just picked up a stocks 101 book today, taking a course, & educating myself on investing. I don’t have a lot of money coming in right now because I’m taking time off from my primary job, but I have a Roth, company 401k, brokerage account, HYS, and crypto. I have a burning desire to achieve $100k and I will get there. Just want to say you’re the MAN Brian!
Next video should be: "Why net worth implodes after enabling level 3 options trading on Robinhood"
lmaooo yes
guh
Im 30 years old and I am on my 11th year. I agree with what he said on this video. Once you hit 100k, your account will significantly grow.
This is fucking true, the sheer confidence as well pushes you
Can you talk about loss ? The loss of your investment, the dips.
Happy Friday Brian!
Happy Friday Midnight Toker! I wish you a great weekend!
This is why time in the market beats timing the market. Compounding is powerful but time consuming.
Brian is the Man when it comes to Money News and Money Making! Thank you Sir!
Dude just explained compounding in 10 minute video and people are in awe lmao
How to invest this 100k to get 10% guaranteed return?
I hit $100,000 net worth yesterday, I’m 33. 10% return is very easy to achieve. I’ve done on average of 20% a year, currently up 40% this year. I can hit 1M in 12 years with an average return of 20%.
How are you getting 20% annually?
@@aaronbilodeau9085 by investing in individual companies and not index funds. Index funds are blotted with companies that don’t do well. Select the few that do, young profitable companies will take you further.
This is the best truthful advise ever.
I really noticed once I got to 150,000. Still working full-time and it's all gone crazy!!........😊😊😊
In 20 years your first 100k be like 10k right now with the inflation lol.
But good video Brian!
I got stuck for years once I hit $100k 🤷♂️
Not getting anywhere near 10%
Retired at 57 and the gains especially dividend reinvestment has been amazing been doing it for some time. Taught my kids this and my 24 year old already has $100K in investments. I started young that’s all it takes keep adding a little at a time especially raises, save first spend later
Just need to get that message to all the so called victims of thier bad decisions!
At 51, I agree with every word of this. Especially about getting your income up. No other factor is more important in wealth creation.
In my 401k it took 7 years for first 100k then only 3 for my next 100.
Correction.
“Networth explodes after $100k if you invest that $100k.”
For all the folks telling you the sky is falling:I have made $80k in the market ytd. I basically have S&P 500 index funds. Yeah it was hairy when the market dropped, but so what?
Do not act based on fear, keep your eyes on target and maintain discipline. That's all it takes. Do it.
For me my portfolio exploded after 25k! As long as I continued investing and focusing on reaching the next 5k.
Always great advice and helpful information. As always, thank you Brian. 👍
1:36 Try that in February
And stay away from high fee bank offers to invest in a fund. Just take one of the big ETF's with low costs at a broker with low or zero costs who offers a savings plan.
🤢 get professional advice.
Best time to start, 10 years ago. Second best time to start, now.
I love it! But there's no dollar in 10-15 years unless an an actual adult finds his/her way to D.C.
Amazing video. You laid the whole blue print. No one has excuses now ,thanks