Why Your Net Worth Explodes At $100K
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Published 2024-04-17
About this episode:
Did you know that if you’re putting your money in the right places, your net worth will explode (in a good way) once it reaches $100K? Find out the reason for the fireworks and what you can do to take advantage of it in today’s video.
Next Steps:
📗 Order George Kamel’s new book, Breaking Free From Broke. bit.ly/48d7So4
▶️ What Your Net Worth Should Be by 30: • What Your Net Worth SHOULD Be By Age 30
📈 Compound Interest Calculator - www.ramseysolutions.com/retirement/compound-intere…
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All Comments (21)
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Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
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My expectation for 2024 is that markets starts to broaden out more, with the rates cut i have a couple of questions....can I safely invest $220k in the markets? What should I do differently?
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As an lnvestment enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
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Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.
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Then, should those of us who are over 50 but have less than a million worry? I worry that I'm getting close to retirement because I only have $500k in my Roth and I have no idea how to build it.
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With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly—which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfoli0
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Nice content! Few years back I was assistant to a wealthy pen artist and within the short period I worked with him I observed that he had quite a chunk of investment everywhere, stocks, crypto, dividend investing to name a few, so he had revenues coming in from all angles. And in a year his worth doubled. With this I learned that the rich stay rich by investing.
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I want a balanced portfolio with growth investments, safe investments, and also focus on dividends to gain up to $20K monthly, my concern is picking the right stocks that can survive a recession. How do i go about this ?
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As a soon-to-be retiree, keeping my 401k on track after a bumpy 2023 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.
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It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
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Almost everyone, including the media, is anticipating a market catastrophe, and as a result, many are turning a blind eye to the opportunities in the market. I recently began investing in stocks and it was the best choice I've ever made. If you genuinely want to be financially secure, disregard everything the media is suggesting. The market offers a lot of chances. Maximize your use of it
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I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation
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I worry the inflation will eat up my savings if I leave it in the bank. I have about 180k that I want to invest in the stock market, but I don't know how to start. Any suggestions?
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I feel sad that even though I am investing, I don't have the brain power to dig through how each company is doing, is this a good time to buy stocks or not, my reserve of $450K is laying waste to inflation and I don't know what to do at this point tbh, I need solid data on market trajectory
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Awesome, George! You just told the story of my life. At 26 I had ZERO $ to my name. I flipped the switch at 27. Just passed 2 mil in my 50’s. Compound interest is indeed a wonder!
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Recently, I've been pondering retirement. I've also invested $800K on S&P 500 so i could secure my financial future. i need an approach to invest in Coin that will align with my risk tolerance and financial goals
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This is very true. At 37, I recalled how difficult it had been before I reached the $100k milestone. It didn't take me long to reach my goal of having over $2.8 million in my retirement savings alone at the age of 56 after subsequent shares. I would have more today if I started sooner. If you're not sure where to seek, start by speaking with an experienced strategist. Best of luck
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I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains within months, I'm really just confused at this point.
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That first 100k is brutal.
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Just reached 21.000 after 1 year of savings and now 3 months of steadily investing in ETF. Can't wait to reach 100k. Zero debt , zero credit card ever. Piano teacher
