How long did it take you to reach your first $100k? : r/investing

And my goal for this next 7 years is to reach 100k.., about 14,500$ a year for 7 years. That’s somewhat feasible with the proper mindset and drive. Reply reply

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How Long Did It Take You To Reach Your First $100k? : R/investing

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And my goal for this next 7 years is to reach 100k.., about 14,500$ a year for 7 years. That’s somewhat feasible with the proper mindset and drive. Reply reply

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What Age Did You Hit 100k, How Soon After Did You Reach 200k?

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It took me 12 years to get the first $100k (including 3 years of grad school), but just 2 years to get the second $100k (probably 40% of which was market growth since it was 2013). ... DID YOU …

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Here’s How Long It Takes To Reach Different $100k Net Worth …

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Feb 18, 2018 · The blue line represents net worth. The purple line along the bottom shows how many years it takes to save each additional $100k. For example, if you save $15,000 each …

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How Long Did It Take To Get Your Second $100k? : …

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I started my career back in 1999 (50k gross). Employed full time I decided I wanted to become serious about making money in 2006 and I switched jobs in 2006 (70k gross) and then again …

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Why Your First £100k Is The Magical Number For Reaching £1m

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Aug 7, 2023 · Reaching Your First 100k. Imagine Emily is 30 years old, she's got a 40-year investment horizon. She's looking to invest about £10,000 per year (£833 per month). Let's …

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How Long Did It Take You To Reach Your First $100k? $200k? $300k?

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Well what I mean is that most people accumulate their first $100k gradually as they begin working, rather than hitting $100k then having it entirely wiped out then hitting it again. The second first …

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Why Saving Your First $100k Is A Big Deal - Four Pillar Freedom

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Jun 25, 2018 · The following chart shows how long it takes to accumulate $1 million by investing $10,000 each year at a 7% annual rate of return: ... It takes 7.84 years to get your hands on …

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Why The First £100k Is The Hardest & The Rest Is Easy

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Jan 5, 2024 · While the first £100k took 7.84 years to reach, the second will only take you 5.1 years even though you are still only contributing £10k per year. This is because your money …

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How Long Did It Take You To Get To Your First 100k?

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My first year I didn't know shit but just did what other people told me to and made like 32k. Second year same thing. My third year my business blew up and I made $116k.

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#MicroStrategy Hits 446,400 BTC Despite Stock Slump - YouTube

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MicroStrategy now holds 446,400 BTC worth $42B, doubling down on its Bitcoin strategy even as MSTR stock drops 36% from its all-time high. Will Saylor’s bold...

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How Long Did It Take You To Hit 100K And How Long After Were Your ...

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$3k - 2007 $100k - 2012 $200k - 2017 $300k - 2018 $400k - 2019 $500k - 2020 $600k - 2020 So yeah once you get a few multiples of $100k the compounding really kicks in.

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How Many Years Did It Take For You To Reach Your First $100k?

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It took me about 10 years to reach $100k in investments. The next $100k took 4 years. Here is my progression of just my retirement accounts (does not include emergency fund, pension, 529 …

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Who Long Did It Take You To Reach 100k+/year Salary?

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Raises and compensation are percentage based. It would take 8 10% raises to go from 50k to 100k. It would take the same amount of raises to go from 100k to 200k. It only takes ~4 to go …

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FAQs about How long did it take you to reach your first $100k? : r/investing Coupon?

How long does it take to get 100k a year?

From there, with the same contributions, you'll be at 200k at year 4, 300k at year 7 and 400k at year 9. At this point, doing nothing gets you about $40k nominal returns in a year. In fact, whereas the first $100k took you 6 years, the next $1m would take around 18 years. (or 10x as much in 3x the time). ...

How long does it take to save up $100K?

It takes 7.84 years to save up your first $100K when earning 7% per year, but if you earn 10% per year, it only changes it by about half a year, 7.27 years. Interest rate matters a little more with the more money you have invested, when you’re earning later $100Ks. ...

How long does it take to go from $60k to $100k?

Retirement/brokerage account milestones $100k (27 years 10 months) $200k (28 years 4 months) $300k (28 years 10 months) So, it took nearly a year to go from $60k to $100k. But now it's ~6 months for each new $100k. But we paid off a car and paid down mortgage principal to get rid of PMI before the first $100k. ...

How long does it take to save $100,000?

It takes 7.84 years to save $100,000. From having nothing, it takes a total of 30.73 years to accumulate $1 million. ...

How long does it take to earn 400K?

Interestingly enough, the last $400K—going from $600K to a full $1MM—is achieved in just 6.37 years. Remember, it took you longer… 7.84 years… to earn just the first $100K. That means you earned 4 times as much ($400K instead of $100K) in less time toward the end. ...

How long does it take to get £100K?

As you can see it would take you 7.84 years to reach your first £100k. In your first £100k most of the money comes from your own contributions. Compound interest hasn’t really had a chance to kick in yet. In the grand scheme of things, 7-8 years is a short period of time. ...