The Biggest Money Mistakes People Make After Reaching $100K Net Worth

Comments · 564

• HU

  @humphrey · 1 month ago · pinned

  This is the savings setup I mentioned in the video 👉 Chime&apos;s giving new members a way to earn up to $350 when you get started: <a href="https://chime.com/humphrey">https://chime.com/humphrey</a>

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• JI

  @jimv77 · 1 month ago

  Took me 6 years to hit $100K<br>Took me 15 years to hit $500K<br>Took me 20 years to hit $1 million<br>Took me 23 years to hit $2 million.<br><br>49 and finally actually realize for myself that Compounding is Crazy!

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• TH

  @TheRealisticReturns · 1 month ago

  Quitting at 100k is like getting drafted to the NBA and then retiring

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• RE

  @redgun421 · 1 month ago

  400k+ in 8 years. not gonna stop. this strategy of low cost etfs is the best move ive ever made

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• CH

  @ChannelSho · 3 hours ago

  The last bit about being the &quot;Family/Friend bank&quot; is that interaction is a good filter on finding who&apos;s a toxic person in your life. Or at the very least, who will drag you down if you don&apos;t cut them loose.

• WE

  @WealthAuditEEUU · 1 month ago

  Yes! It&apos;s so easy to fall into that trap of thinking you&apos;ve &apos;made it&apos; and start losing momentum, but that&apos;s actually when compounding has the most power!

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• CH

  @chriswolske · 1 month ago

  <a href="https://www.youtube.com/watch?v=mv6bioRFDsY&amp;t=840">14:00</a> Charlie Munger&apos;s &quot;first $100,000&quot; quote originated in the early 1990s -- that would be about $250k today.<br>Surprisingly close to the 250k you estimated a few minutes later.

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• CR

  @Crvdg · 1 month ago

  As the family bank since I was 23. Giving your family a portion of what they ask for does NOT in fact keep them from bothering you about money again. Had to cut off my sister and gambling addicted father

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• SI

  @Silvereye44 · 1 month ago (edited)

  About to turn 30 and just made it this week!! Who Hoo!!!

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• RA

  @raymondmeyers8983 · 1 month ago

  I never talk to anyone about my portfolio. Especially friends and family.

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• HE

  @henrynguyen5142 · 1 month ago

  Thank you! This video has brought me back down to earth. Exactly what I needed to hear actually 😄

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• LI

  @likesorange · 1 month ago

  At <a href="https://www.youtube.com/watch?v=mv6bioRFDsY&amp;t=367">6:07</a> your math on the amount earned in an HYSA is incorrect. APY already takes into account the compounding over a year (which is the whole reason why APY is used in the first place instead of the raw interest rate) so the amount earned on $10k with an APY of 3.75% is simply $375, not $382!

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