Why Net Worth Goes CRAZY After $100k!

00:10:12
https://www.youtube.com/watch?v=_EgfrmCiZes

Summary

TLDR这一视频讨论了如何成功累积财富，特别强调了获得第一笔10万美元的重要性。视频中提到，达到这一目标的障碍主要在于收入能力和复利的效应，尤其对年轻人而言更加明显。随着时间的推移，复利的效果会显著加大，因此一旦过了100K，财富增长会变得更加容易。分享了一种名为"增长方法"（Growth Method）的理财策略，包括正确管理财政、投资基础、优化税务、清除债务、增加收入来源和提升自律等多个方面。这些方法旨在帮助观众战胜财务挑战，早日实现财富自由。

Takeaways

  • 💡 第一步是获取第一笔100K
  • 🎮 收入能力如同游戏等级
  • ❄️ 理解复利的雪球效应
  • 📊 达到100K后财富增长加速
  • 📈 投资S&P 500可实现显著回报
  • 📉 清理高利债务是关键
  • 🔥 培养内在自律，促进财富增长
  • 💰 副业可增加收入来源
  • 📊 预算帮助做出明智消费选择

Timeline

  • 00:00:00 - 00:05:00

    从财富积累的角度来看，赚取第一笔10万美元是最具挑战性的一步，主要是因为两大原因：一是个人的收入能力相对较低，年轻人的购买力较上一代大幅减少，而互联网为年轻人提供了更多赚钱的机会；二是复利作用的启动需要一个基础资本，只有当投资金额达到一定水平时，复利才开始显著增长。因此，在这一阶段，增加收入、控制支出是实现资产增长的关键。

  • 00:05:00 - 00:10:12

    达到10万美元后，个人净资产的增长便会显著加快，这主要是得益于复利效应的显现。此时，投资10万美元和20万美元的时间差距变小，增长速度变快。为了实现这一目标，必须掌握财务控制、优化税务管理、消除债务、发展副业，并保持高度的自律。这些策略结合起来，将帮助个人快速迈向财富的下一阶段。

Mind Map

Video Q&A

  • 为什么第一笔100K这么难？

    因为头100K是收入能力和复利效应的结合，缺乏这两者使得达到100K特别困难。

  • 复利是什么？

    复利是通过投资获得的利息再投资，从而使投资增长加速。

  • 如何克服高债务？

    列出所有债务并优先处理高利率债务，尽可能小额支付。

  • 投资S&P 500的收益如何？

    历史上，S&P 500的平均回报率为7%，长期投资可以显著增长。

  • 侧重收入增长有什么好处？

    通过增加收入能更快达到投资所需的100K，使财富积累更快速。

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  • 00:00:00
    this is the best piece of advice I've
  • 00:00:02
    ever heard about building a high net
  • 00:00:04
    worth it came from a millionaire I
  • 00:00:06
    looked up to as a kid and it's stuck
  • 00:00:08
    with me ever since I was worrying that
  • 00:00:11
    I'd never have enough money to afford
  • 00:00:13
    the things that I'd always dreamed about
  • 00:00:15
    having his exact words to me were don't
  • 00:00:17
    worry about earning Millions instead
  • 00:00:20
    focus on the first 100,000 because after
  • 00:00:23
    that your net worth will go crazy I
  • 00:00:26
    didn't fully understand him at the time
  • 00:00:28
    but I did what he said and lo and behold
  • 00:00:31
    it worked so why is the first 100K the
  • 00:00:34
    hardest well there are two main reasons
  • 00:00:36
    for this the first one is your earning
  • 00:00:38
    power think of this like your level in a
  • 00:00:41
    video game you just haven't been playing
  • 00:00:43
    long enough to build up your skills and
  • 00:00:45
    therefore can't compete with the more
  • 00:00:47
    experienced players this is the exact
  • 00:00:50
    same when it comes to making money when
  • 00:00:51
    you're younger this issue is actually
  • 00:00:53
    getting even worse a recent study found
  • 00:00:56
    that gen Z have about 86% less buying
  • 00:00:59
    power than my generation the Boomers did
  • 00:01:02
    at the same age this is partly due to
  • 00:01:04
    older people staying in the workforce
  • 00:01:06
    for longer meaning that higher paid
  • 00:01:08
    positions are harder to come by but it
  • 00:01:11
    isn't all doom and gloom as the internet
  • 00:01:13
    offers a great way for younger people to
  • 00:01:15
    make far more money than the older
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    generation as most of them don't
  • 00:01:19
    understand how to use Instagram let
  • 00:01:21
    alone build an online side hustle when
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    it comes to tech there aren't that many
  • 00:01:25
    Boomers that can keep up with you guys
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    not like me the second reason your first
  • 00:01:29
    100 K is the hardest is your lack of
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    compound interest think of your money
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    like a snowball you roll it down the
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    hill by investing money and as it rolls
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    it picks up more snow which is your
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    compound interest the bigger your
  • 00:01:43
    snowball gets the more snow it collects
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    and therefore the more compound interest
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    you make sounds amazing right well yes
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    and no let me explain right now if you
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    don't have at least 100K then your
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    snowball isn't big enough for it to pick
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    up any significant income you
  • 00:02:02
    essentially can't really benefit from
  • 00:02:04
    compound interest I mean let's say you
  • 00:02:06
    invest 10K in an S&P 500 Index Fund and
  • 00:02:10
    get an average yearly return of 7% which
  • 00:02:13
    has historically been the amount
  • 00:02:15
    investors can expect after 5 years your
  • 00:02:18
    money will have grown from $10,000 into
  • 00:02:23
    $4,175 that's five whole years to earn
  • 00:02:27
    $4,175
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    that's why it's so hard to reach the
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    first 100K it's all about how much you
  • 00:02:35
    can contribute to your investing pot
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    rather than how much compound interest
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    you're making this means you're going to
  • 00:02:41
    have to make more money any way you can
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    honestly it was no different for me I
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    remember doing at least three different
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    side hustles at the same time in order
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    to earn enough money working this many
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    hours and also resisting the urge to
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    spend it on vacations and the latest
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    designer clothes is really a ke killer
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    but trust me it's worth it as once you
  • 00:03:03
    hit that first 100K it's way way way
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    easier to grow your money so why does
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    net worth go crazy after 100K the answer
  • 00:03:13
    because compound interest stops being
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    lame and it actually starts to sound
  • 00:03:18
    pretty unbelievable take a look at this
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    chart if you invest 10K annually with a
  • 00:03:24
    7% average yearly return going from not
  • 00:03:27
    to 100K will take
  • 00:03:31
    7.84 years however going from 100K to
  • 00:03:36
    200k will only take
  • 00:03:40
    5.1 years so overall it'll take 2.74
  • 00:03:44
    years less to make the second 100K
  • 00:03:46
    compared to the first that's 35% faster
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    to make your second 100 Grand than the
  • 00:03:51
    first and it gets even better if we
  • 00:03:54
    expand things to go from 200k to 300K
  • 00:03:58
    only takes
  • 00:04:00
    3.78 years then 300K to 400k takes 3
  • 00:04:06
    years and 400k to half a million is only
  • 00:04:11
    2.5 years we could keep going but I
  • 00:04:14
    think you get the idea just look at how
  • 00:04:16
    the chart starts to go crazy but it all
  • 00:04:19
    happens after the first 100K getting
  • 00:04:24
    that chunk of money as fast as possible
  • 00:04:26
    is the key just think if you can shave
  • 00:04:28
    just a couple of years of how long it
  • 00:04:30
    takes you to reach that 100K Mark how
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    much quicker you'll become a millionaire
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    once you get to this point it's almost
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    inevitable that you'll be wealthy if you
  • 00:04:39
    just invest in a lowcost Index Fund if
  • 00:04:42
    all you wanted to do was save up this
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    100K and invest it in an S&P 500 Index
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    Fund and never invest again let's say I
  • 00:04:51
    don't know you completely forgot about
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    the account you would still become a
  • 00:04:55
    millionaire within 33 years that's how
  • 00:04:58
    powerful compound interest is once
  • 00:05:00
    you've made that first 100K so how do
  • 00:05:03
    you make your first 100K well all you
  • 00:05:06
    need to do is follow the growth method I
  • 00:05:09
    actually came up with this myself and it
  • 00:05:11
    helped me in those early days of wealth
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    building so hopefully it can help you
  • 00:05:16
    too the G stands for gain control of
  • 00:05:19
    your finances there's one way and one
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    way only to gain control and that's
  • 00:05:24
    budgeting yep I said it now don't get it
  • 00:05:28
    twisted budgeting is isn't a rule book
  • 00:05:30
    designed to stop you having fun it's
  • 00:05:32
    more like a a guide which navigates you
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    towards more informed choices I'm not
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    saying you have to be super Frugal with
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    your money but you do need to understand
  • 00:05:41
    the difference between your needs and
  • 00:05:43
    your wants the r stands for root your
  • 00:05:46
    Investments let's say you invest $250 a
  • 00:05:49
    month in an S&P 500 Index Fund and get
  • 00:05:53
    an average yearly return of 7% in 40
  • 00:05:56
    years you'll have
  • 00:05:58
    656k but what's even more impressive is
  • 00:06:02
    that
  • 00:06:03
    536k of this is from compound interest
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    in other words you only have to put in
  • 00:06:08
    120k of it yourself I know what you're
  • 00:06:11
    probably thinking that's all well and
  • 00:06:13
    good but by that time I'll be over 60
  • 00:06:15
    years old and dribbling into me dinner I
  • 00:06:17
    fully understand that's why if you can
  • 00:06:20
    get this first 100K invested as soon as
  • 00:06:22
    possible then you'll do much better than
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    this example now you're making some
  • 00:06:26
    money you need to focus on the o which
  • 00:06:29
    stands for optimize your tax management
  • 00:06:34
    it might sound fancy but in reality it's
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    as simple as this avoid paying tax now
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    let me make something very clear tax
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    avoidance is completely fine and
  • 00:06:44
    something that smart people do tax
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    evasion on the other hand is illegal and
  • 00:06:49
    not what I'm talking about but Mark if
  • 00:06:51
    you're earning more you should pay more
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    tax I agree with you and the rich do pay
  • 00:06:57
    the majority of the taxes but there
  • 00:06:59
    should also be an incentive for someone
  • 00:07:01
    to become an entrepreneur as they
  • 00:07:03
    provide jobs for the rest of society and
  • 00:07:06
    luckily there is entrepreneurs are taxed
  • 00:07:09
    off the profits they make at the end of
  • 00:07:10
    each year which means they can deduct
  • 00:07:12
    expenses from their earnings these are
  • 00:07:14
    called writeoffs this is different from
  • 00:07:17
    an employee as they're taxed off their
  • 00:07:19
    monthly salary so say You're really
  • 00:07:21
    passionate about the latest tech like
  • 00:07:23
    the new iPhone you could start a YouTube
  • 00:07:26
    channel reviewing gadgets and once it's
  • 00:07:28
    generating you money you could deduct
  • 00:07:30
    the cost of your Tech items from your
  • 00:07:32
    profit and get them taxfree essentially
  • 00:07:35
    the government has helped you to pay for
  • 00:07:37
    the item you want however you can only
  • 00:07:39
    do this within reason your business or
  • 00:07:41
    side hustle has to have a need for this
  • 00:07:44
    item in other words it must be a
  • 00:07:46
    justifiable expense that's why starting
  • 00:07:49
    your business around your passion can be
  • 00:07:51
    a great way to save a lot of tax it's
  • 00:07:53
    what I did with my radio control model
  • 00:07:55
    shops and my son also does with his
  • 00:07:58
    video production company if this sounds
  • 00:08:00
    interesting to you we're going to be
  • 00:08:01
    talking about this even more in my 2k
  • 00:08:03
    challenge I'm running on Discord I'll
  • 00:08:05
    leave a link in the description if you
  • 00:08:07
    want to save your spot it's completely
  • 00:08:09
    free and there's even opportunities to
  • 00:08:11
    win some great prizes so next up we have
  • 00:08:14
    W weed out debts did you know the
  • 00:08:19
    average American carries $221,800 of
  • 00:08:22
    debt so if you're in debt then you're
  • 00:08:25
    not alone as soon as possible list out
  • 00:08:27
    all your debts and prioritize based on
  • 00:08:30
    their interest rates so all the debts
  • 00:08:32
    that you own with the highest interest
  • 00:08:33
    rates are the ones you need to tackle
  • 00:08:36
    first this is the Dark Side of compound
  • 00:08:39
    interest if you don't understand it then
  • 00:08:41
    it can actually start to work against
  • 00:08:43
    you think of it like the hot sun beating
  • 00:08:45
    down on the snow you're trying to
  • 00:08:46
    collect to make your first 100K if you
  • 00:08:49
    have too much debt melting it away then
  • 00:08:51
    you're never going to get to the stage
  • 00:08:53
    where your money is working for you so
  • 00:08:55
    my advice for this one is to make tiny
  • 00:08:57
    snowflake payments where possible
  • 00:08:59
    because every little helps don't give up
  • 00:09:01
    though because neglecting your debt will
  • 00:09:03
    cause you a lot of stress in the future
  • 00:09:05
    so although it feels like you're losing
  • 00:09:07
    money from the payments think of it as
  • 00:09:09
    an investment towards your first 100K T
  • 00:09:12
    stands for tap into additional streams
  • 00:09:16
    of income yes I'm talking about starting
  • 00:09:19
    a side hustle as of 2023 50% of
  • 00:09:23
    Americans have a side hustle even if
  • 00:09:26
    they earn over 100K per year a side
  • 00:09:28
    hustle gives you multiple advantages by
  • 00:09:31
    diversifying your income you'll have
  • 00:09:33
    more money to put into your tax
  • 00:09:35
    advantage account so more Investments
  • 00:09:38
    and again you're just adding more snow
  • 00:09:40
    to your snowball allowing for compound
  • 00:09:42
    interest to take its course H stands for
  • 00:09:46
    heightened self discipline to put all
  • 00:09:49
    these things we've discussed into effect
  • 00:09:51
    you need to find your inner discipline
  • 00:09:54
    discipline is the currency of success
  • 00:09:57
    the more you mint the wealthier your
  • 00:09:59
    future will become if you want to know
  • 00:10:01
    how to build your wealth from $0 then
  • 00:10:04
    I'm going to leave that video right up
  • 00:10:05
    there but don't click on it just yet
  • 00:10:07
    make sure to subscribe if you want to
  • 00:10:09
    grow your wealth okay I'll see you over
  • 00:10:11
    there
Tags
  • 财富建设
  • 第一笔100K
  • 复利
  • 理财策略
  • 副业
  • 自律
  • 税务优化
  • 债务管理
  • 收入增长