September 05, 2024

303: Why $100K is Key to Becoming a Millionaire

32 minutes

Johnny and Derek break down the power of compound interest in this back to basics reminder episode. They cover why getting to $100K in investments is a huge milestone in the path to becoming a millionaire. They give real life examples of how fast your wealth can grow when you stay focused and don't pull out your investments on frivolous expenses. Share this episode with someone that is just starting out their investment journey or could use a push to start!

Discussed:

Compound Interest Calculator

Where we are:

Johnny FD – Kyiv, Ukraine / IG @johnnyfdj

Sam Marks - Bangkok, Thailand / IG @sammarks12

Derek – Los Angeles, USA / IG @DerekRadio

Sponsor:

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Time Stamp:

02:45 - Why $100K is So Important

07:40 - Charlie Munger's Model to Get $100K

11:52 - How Fast $1K a Month Becomes $1M

21:20 - The Argument to Spend Your Money vs. Save

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By Sam Marks Johnny FD Derek Spartz

4.8

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