I was reading a post about how those among us have accumulated 1 million dollars. And several people mirrored the same sentiment that “the first 100k is the most difficult”.
It makes sense that it would be the most difficult because of having a lower income earlier in your investing career. And that you would have more debt on average during this time. Not to mention inexperience with investments, or being able to take advantage of compound interest.
I wanted to hear from others on what pitfall Simeon might face in aims of getting to their first 100k (out of many hopefully). And maybe some advice on positive steps one might not think of.
Thank you, currently at 60k and looking upward.
Submitted January 03, 2021 at 11:13PM by neiffeg https://ift.tt/2X5sr3o
