How did you save your first 100k? : r/Money - Reddit

In other words, reduce spending, live further within your means, leaving more to save. You'll start out pretty meager, and it may seem unreasonable, but that's because you're doing what others …


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How Did You Save Your First $100k? : R/Money - Reddit

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MSN had a stock screener....don't know if they still do. Pretty much any screener should be able to run that one though. The economic environment of the time there were plenty of companies …

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Is The First 100k Really The Hardest? - Bogleheads.org

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Feb 25, 2015  · Let's assume you your salary went up at the rate of inflation, and that you get real return of 6% Then the doubling time for an investment is 12 years (rule of 72). Let's also …

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How Did You Save Your First $100k? (Reddit Stories) - YouTube

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At "Reddit 2 Millionaire" - we handpick the best stories from Reddit, from different threads. We are dedicated to cover all stories related to money making, ...

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First $100K Is The Hardest - Real Estate Financial Planner™

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In addition to how much you save, the amount you’re earning on your investments also impacts how quickly you get to a million dollars. Num Years to Save Next $100K. It takes 7.84 years to …

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R/Money On Reddit: What Age Did You Save Your First $100K? What …

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If you're able to save >50% of income in college, you're obviously getting significant help elsewhere. investing since I was 18 Unless they got extremely lucky, this isn't going to be a …

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How To Save $100K: I Did It In 3 Years - Clever Girl Finance

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Jan 14, 2025  · If you're wondering how to save $100k in 3 years, or even is 100k a year good to save, read below, where I’ve broken down the things I did to help you understand how I saved …

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How Long Did It Take To Make Your First 10k? And 100k How Much …

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Oct 6, 2024  · 5-10 years to be consistently profitable. Money wise it’s all on your risk appetite. You can risk $5k, $50k or $500k and make it in one day or slowly build up. Only trade with the …

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Age At Which You Saved Your First $100,000 - RedFlagDeals.com

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Feb 2, 2020  · OP if you were to ask that today to someone that is age 20, 25, 30, 35, 40, 50, 60, 70, 80+ year old person, you would get different responses, for the reason that $100k net …

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Why Saving Your First $100k Is A Big Deal - Four Pillar Freedom

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Jun 25, 2018  · This is why accumulating the first $100k is such a big deal. And it’s a big deal whether you save $5k per year or $40k per year. Check out this grid that shows how much …

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How Did You Save Your First $100K? (Canada) : R ... - Reddit

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You only need about $100 to start investing. You will get to $100k much faster by investing some of what you earn. Although first you need to make sure you have some money in a safe place …

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Net Worth Explosion After 100k : Bogleheads - Redditmedia.com

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Jul 27, 2024  · Op they're just stating simple math. To go from 10K to 100K you need to grow your money by 900%, to grow from 100K to 200K you need to grow by 100%. Latter should be …

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FAQs about How did you save your first 100k? : r/Money - Reddit Coupon?

Is saving the first $100k a significant milestone?

Saving your first $100k is a significant milestone because it represents the greatest time sacrifice per dollar that you have to make on your net worth journey. Saving $100k is 10% of a $1 million net worth goal. This illustrates an important point: Saving your first $100k is a big deal. ...

Do you want to save 100K in your bank?

Most people don’t want to save 100k in their bank. They want that money invested. Money in the bank loses value. Money invested makes you money. I think your idea of learning new skills to find a higher paying job is very good, and probably the best way for you to eventually get more money in investments and savings. ...

How long does it take to save up $100K?

It takes 7.84 years to save up your first $100K when earning 7% per year, but if you earn 10% per year, it only changes it by about half a year, 7.27 years. Interest rate matters a little more with the more money you have invested, when you’re earning later $100Ks. ...

How do I get 100K in savings/investments?

You need to increase your income substantially to get to 100K in savings/investments. Honestly, each person will be different depending on their income and budget. Since you’re making close to minimum wage and assuming you pay rent and the rest of your living expenses, I imagine it would be challenging saving anything. ...

How do I save money if I make 30K a year?

To save money, you need to budget for savings. Making $30k is near minimum wage which makes it harder and takes time. I recommend looking at the PFC Money Steps, see !StepsTrigger below. ...

How can I save $100,000 a year?

Try living close to work if possible, cook at home, and pack lunches. You can also work out at home or outdoors, carpool, cut out alcohol and use online coupon & rebate sites to save money. This will help you save $100,000 faster! 3. I focused on saving 40% to 50% of each paycheck and anything extra ...

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