>The first 100k is tougher than the first million after that

>The first 100k is tougher than the first million after that
Assume 11% CAGR with 12k annual contribution.
First 100k 6 years
First Million 16 years

Why would They lie to us?

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  1. 1 week ago
    Anonymous

    I think he meant it's literally tougher, like the more money you have working for you then the less you need to work for the same money. You really do want that first 100k asap like pinch those fricking pennies and then after that you can treat yourself a little while not sabotaging years off your plan

  2. 1 week ago
    Anonymous

    >t. has actual dunning kruger disease

    • 1 week ago
      Anonymous

      lol just look at the excel sheet, what are you not understanding? its litteraly not easier than the 100k

      • 1 week ago
        Anonymous

        Munger was talking about 1960s $100k, which is around $10m in today's dollars, he meant that after acquiring Frick You Money it's easier to be an ice-cold IQfyman, not that it's easier for a wagie slavie to drop another zero

        • 1 week ago
          Anonymous

          but you are wrong though...

          • 1 week ago
            Anonymous

            >cpi
            No. Indeed, even m2 substantially underestimates monetary expansion as it doesn't include +$100k time deposits, which have obviously become an increasingly large fraction of total time deposits as USD has decayed in value.

        • 1 week ago
          Anonymous

          >Munger was talking about 1960s $100k, which is around $10m in today's dollars
          Certified IQfy moment.

          • 1 week ago
            Anonymous

            See:

            >cpi
            No. Indeed, even m2 substantially underestimates monetary expansion as it doesn't include +$100k time deposits, which have obviously become an increasingly large fraction of total time deposits as USD has decayed in value.

          • 1 week ago
            Anonymous

            See: https://warosu.org/biz/thread/58578802#p58583978

          • 1 week ago
            Anonymous

            >m2 has declined
            An artifact of exclusion of large time deposits and int mmfs, why 2023 was such an obvious bottom, there was no decline in broad money.
            >purchasing power is almost totally divorced from M2 if you just ignore food, shelter, gold and equities!
            Thanks Krugman.

  3. 1 week ago
    Anonymous

    6 figure hell is real.
    if you want to make it out alive you have to take a fat gamble
    for example, go all in on MSTR and hope to get a cool 3x this cycle.

    booglegays get on my nerves. waiting decades to get a fricking 2x is just moronic. it has more risk since you can die a million times. it is all about getting rich fast.

    • 1 week ago
      Anonymous

      litterally this. the first 100k is easy because you can work your ass off and get it done quick.

      7 figures doesnt work like that, the amount you work is irrelevant as your contribution has little to no effect. You are entirely dependent on market forces.

  4. 1 week ago
    Anonymous

    100k is fricking nothing today
    Literally it’s worth what 30k was worth in 1980. It’s mind frickingly bad.

  5. 1 week ago
    Anonymous

    1) when Charlie Munger was your are, 100k was worth more than a million in today's money
    2) he's talking about building a business, not waging for someone else, that's why you're not getting it. If you're a wagie dork obviously you will lose out, but if your business is making 1 million dollars then expanding to 10 million will be much easier.

    • 1 week ago
      Anonymous

      > when Charlie Munger was your are
      hows the weather in Mumbai mitul?

      • 1 week ago
        Anonymous

        litterally this. the first 100k is easy because you can work your ass off and get it done quick.

        7 figures doesnt work like that, the amount you work is irrelevant as your contribution has little to no effect. You are entirely dependent on market forces.

        Are you literally r*ddit spacing and failing to capitalize and then getting upset by a typo? Check yourself, homosexual, and frick off back to r*ddit.

  6. 1 week ago
    Anonymous

    >assume 12k annual contribution
    Why not $100ki annual?, then you're at 100k day 0. Or $1? Then $1mil is way easier. What matters is how much you sock away obviously.

    When people say the first 100k is harder, I think they mean it more like getting out of debt, getting a high enough income to actually save real money, more than just lunch money, etc. is the hard part.

    For example you might spend years and years in a low wage job, lots of student debt, credit card debt, whatever. Then you get a good career, you start making good money, getting $10k, 20k, 30k+ surplus and pay off all your debt you will rapidly hit 100k and climbing. But they're sort of counting all the years floundering as what it took to get to 100k. Then 1 mil will just automatically come as you continuing to save.

    But mathematically $100 to $1k $10k to $100k to $1mil is all the exact same.

  7. 1 week ago
    Anonymous

    >100k = 6 years
    >200k = 4 years
    >300k = 2 years
    >400k = 2 years
    >500k = 2 years
    >$100k/year after that.

    Not sure if you’re actually moronic, but having MORE money working for you DOES speed up the process overall, which means each additional $100k on your way to $1ion will take less time.

    • 1 week ago
      Anonymous

      yes, but that does not make making a million after the first 100k easier than making the first 100k. which is what i wrote in the first place moron.

      • 1 week ago
        Anonymous

        You’re the moron who didn’t understand the original concept.
        Stay poor.

  8. 1 week ago
    Anonymous

    >>The first 100k is tougher than the first million after that
    moronic talk

  9. 1 week ago
    Anonymous

    This whole fricking thread sounds like the "but why did they let my sister wear a bathing suit to get weighed in the pool?" pasta

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