Why Your First 100K is The Hardest (The Math That Explains Why)
The Personal Finance Podcast
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Investing Your First Million Dollars - How Fast Can This Accelerate?
When you have your first million dollars invested, it's going to be making out a ten % rate of return, 100 k per year. So this is where it starts to accelerate. And you can get the two million waiy faster than it took you to get to your first hundred k by compound interest working its magic. Frugal means that you're focusing on the long term consequences of your financial decisions. If you spend all your money or you go into debt in your twenties, you're causing yourself financial harm,. Every dollar you invest is so valuable in your twenties and thirties.
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