Guru investor Charlie Munger once said “The first $100,000 is a bitch”. It sure is. When you start out investing and saving, your money will gain very little from compounding. Most of your growth will come from putting aside money from your salary and other side income.
Once you hit $100k though, things will start to become a little easier. For many people $100k seems completely unreachable. But there are countless stories of people who have been dilligent with their finances and managed to overcome that barrier. Here are some tips you can use on your journey to ammassing your first $100k.