Why Your First 100K is The Hardest (The Math That Explains Why)
The Personal Finance Podcast
00:00
The Market Has Returned Over Ten % to Investors
If you invest five thousand dollars per year, with an eight % rate of return, it would take you 12 years to get yo your first hunter k. Once you got at this same exact pace, once you got to your first million, this completely flips. The longer it takes you to get there, the less your savings rate is. But you don't want it to take longer, because it's going to takes you forever to compound overtime. If you're maxin nout your rothiaray and yure, ging a ten% rate of return,. This is great for you to know. You can get those dollars to grow tax free in the growth as he majority.
Transcript
Play full episode
