Money makes money

The first 100000 Dollars you can save is the hardest 100000 USD you will ever have to work for. But once you reach that mark, it gets way easier. Your next 100K won’t take even half of the time of the first one.

And that is simple to explain, for multiple reasons. Once you reach that point you clearly have an investment mindset in which you monthly put extra money in your investment plan. And then the miracle of compound interest comes into play. Let’s say you invest in ETF’s that follow the S&P 500. Then should be netting a nice 10 % per year. This added to your monthly extra investment makes between 10 and 20 % richer, without having to do much. And the next year even more gets added to your stash!

That’s compounding at work. So try to grind your way into owning 100000 USD and eventually you’ll become a millionaire!

Sincerel,

Pele23

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