The snowball effect is much different from 6 figures to 7 figures. Looking at my tracking for the last 30 days, my portfolio grew by roughly $58,000 (5.8%). That's like my annual salary during pandemic and I now made that in a month.
Hit $100k portfolio and reached $50k annual dividends — goals I expected to achieve by December, but they came earlier than planned.
I'm interested to hear some strategy and tactics to grow net worth. Is it through Real estate, Paper Assets, Business or combination?
Charlie Munger famously say “The first $100,000 is a b***, but you gotta do it.”*
You’re relying mostly on your own work.
At the beginning, your money barely works for you.
Compounding is slow at first and explosive later.
When income rises, life gets more expensive:
You’re building financial systems from scratch
Psychological motivation is low early on
Simple way to think about it
The journey looks like this:
0 → 100k = pushing the snowball uphill
100k → 1M = snowball rolling downhill
