Comments on: Why Saving Your First $100k is a Big Deal

By: Compounding requires Absorbing Damage so You’re Never Forced to Quit | TheFinance.sg

Wed, 11 Jul 2018 06:08:40 +0000

[…] 4 Pillar Freedom lets us know that the first $100k tends to be the hardest. […]

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Tue, 26 Jun 2018 16:32:05 +0000

In reply to Lily | The Frugal Gene. Thanks for sharing, Lily! Glad you found it helpful :)

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Tue, 26 Jun 2018 16:31:27 +0000

In reply to Christina.

Glad you’re enjoying the blog! 🙂 I don’t have a weekly subscriber list, but each Friday I do have a series called “Here’s What’s Humming” where I share my most popular article from the past week. That might be a good place to look if you only have time to read one of my articles each week 🙂

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Tue, 26 Jun 2018 16:28:00 +0000

In reply to Jon. Glad you found it helpful, Jon! :)

By: Tom @ Dividends Diversify

Tom @ Dividends Diversify — Tue, 26 Jun 2018 12:10:26 +0000

I think your point is really good Zach. The hardest part of getting the first $100K, is the money isn’t working for you yet. That’s why earned income and expense management is so important in early stages of accumulation.

Conversely, going from $1 million to $1.1 million is much easier. You can do it solely by earning a 10% return on the balance while living paycheck to paycheck (not that I recommend that). The money starts to do the work on its own. That’s where the power is if a person can do the hard work of growing earned income and managing expenses in early stages of wealth accumulation.

Tom

By: Jon

Jon — Tue, 26 Jun 2018 02:03:36 +0000

Literally just had this discussion with my 13 year old daughter today. Great article. I love how you break it down into simple math.
Thanks

By: Christina

Christina — Mon, 25 Jun 2018 16:34:46 +0000

Hi! So I recently found your blog and love it, but don’t have the team to necessarily read every email every day. And if I have a particularly busy week your email – along with others – gets piled up and then I have a mountain of emails and … you see where this is going 🙂

Do you have some sort of “weekly” subscriber list to get highlights from the week or something?

Thanks for all you do!

By: Lily | The Frugal Gene

Lily | The Frugal Gene — Mon, 25 Jun 2018 15:06:19 +0000

Was just telling my friend about this on Friday! Sending this to her 🙂 you explain better than I do.