Why Net Worth EXPLODES After $100K (And How to Get There ASAP)

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Published 2024-02-08
Here's the math behind why your Net Worth skyrockets after hitting $100K, and how you can get to $100K in investments as quickly as possible.

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Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.

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⏱️ Timestamps:
0:00 - Start Here
0:38 - Core Principle 1
1:42 - Core Principle 2
3:20 - Illustration of Compounding
5:02 - The Value of a Dollar (Pre $100K)
6:00 - What the First $100K Made Up Of
7:02 - Strategy 1 to Get There Fast
7:55 - Strategy 2 to Get There Faster
9:03 - Strategy 3 to Get T

All Comments (21)
  • @traviswes7082
    Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
  • @Riggsnic_co
    Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
  • @tinsleyLuna
    I’m brand new to buying stocks. I need basic instructions on how to spread $100k across the market in order to achieve a 7 figure portfolio. Im wondering if now is a good time to start investing, or do I wait for a crash to buy at discount price?
  • 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!
  • @geraldt331
    Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
  • @AminaCasazza
    Additional earnings reports from major tech companies, driven by Nvidia, coupled with trader FOMO, could fuel a resurgence in market buying pressure. I'm considering investing over $300k, but I'm uncertain about risk mitigation strategies.
  • @dianarabbanii2
    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...
  • @kurtKking
    As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 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.
  • As an avid investor, I often mull over how accomplished investors are able to amass fortunes through their investment endeavors. Presently, I hold equity exceeding $545K from a recent home sale, yet I'm uncertain about my next investment move. Should I consider buying stocks at this time, or should I await another opportunity?
  • @LivaHolst
    I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?
  • @jameschaves5723
    As a new nurse I started maxing out my 401K. That was $15,500 then. Because it came straight out of my check I never missed it. I’ve continued to do this for 23 years. The limit is now $19,000. Still doing direct withdrawal. Last I checked my portfolio it’s worth $1.7 million. I was young and went with aggressive funds. My point is, start early, use direct withdrawal. You can’t miss something you never had. Best of luck to everyone.
  • @alln5739
    Started at age 56. First year saved about 11k. It sat in a lame .15% interest account. Second year moved it to HY savings. 🤦‍♂️ Also saved about another 13K. Year three started with 401K enrollment. Then a Roth IRA. working feverishly to max out 2023 before April 15, then start on 2024. Currently at about 37K. Bonus, I will qualify for the 2025 catch up IRA for people 60-63. I treat this like a part time job and read and research constantly. Paying it forward, I talked three youngsters at work into 401k enrollment as well. Thanks for all the encouraging videos and comments. Now or never.
  • I got into it too late, but my son is now 8 and we re at 18,000. By the time he is 20 it should be 100,000. So the kid has a good chance, although I missed mine. It's never too late if you have a family!
  • @AStef-tl8yj
    You broke the numbers down very well. Perfect timing, I just reached 100K. I did a lot of stupid when I was young but no stopping me now. On my way to 1M!👊💵
  • @DPSAgni
    Ever since I started to learn more about building wealth, I have watched so many YT videos that talk about this very concept - that getting to $100K is hard, but once you do that, your money starts working for you. Been waiting for the GOAT to post a video talking about this concept for a while, thanks Humphrey!
  • @kiefershanks4172
    I like your dad's saying. It puts wealth into perspective. You can start with nothing and build wealth. It just takes time, discipline, and good financial choices.
  • @hunterbryce997
    Just hit 100k in December 2023. I just turned 24 last week and as of today I’m at 112k liquid, not including other assets. Never went to college and work in a trade for 45k annually. Can’t wait to hit a M!
  • @JuanCarlos_J
    I've recently come into an inheritance of nearly $900,000, i'm being directed towards the stock market. What risk management strategies are recommended to navigate and safeguard my investment in the market?
  • @FootballCardOlly
    I personally was shooting for 100k invested by the end of last year. Lofty goal and fell short. But after 4 years of investing every single week. I am at $87,000 invested 401k, Roth, and brokerage accounts combined. Meh. Ill get there lol