Comments on: The Math That Explains Why Net Worth Goes Crazy After the First $100k

By: Zach

Zach — Tue, 20 Nov 2018 23:19:26 +0000

In reply to B.C. Kowalski.

Thank you! Here are a couple posts where I share details of my $100k net worth journey:

https://fourpillarfreedom.com/net-worth-update-22-august-2018-flying-past-100k/

https://fourpillarfreedom.com/answers-to-your-questions-how-did-i-save-100k-in-2-years/

By: B.C. Kowalski

B.C. Kowalski — Tue, 20 Nov 2018 17:42:42 +0000

In reply to Zach. Oh nice, congrats! I lot a little catching up to do then lol

By: Zach

Zach — Tue, 20 Nov 2018 17:38:25 +0000

In reply to B.C. Kowalski. Thanks B.C. - glad to hear you enjoyed this post! I actually passed $100k a couple months ago and am now focusing on $200k. Thanks for the feedback!

By: B.C. Kowalski

B.C. Kowalski — Fri, 16 Nov 2018 20:51:29 +0000

Dude, this is really great. I came over here from BAS and I will definitely keep reading this site. Been on the FIRE path for a bit, about two years accumulating, and this is the first time I’ve seen a chart demonstrating how effective compound interest is after that 100k hump! And, it’s kind of nice to see someone writing who, if I read that correctly, is also in the camp of folk who haven’t hit that 100k mark yet. Here’s to reaching for that $100k milestone!

By: Kieran Nicholson

Kieran Nicholson — Fri, 16 Nov 2018 16:45:47 +0000

Very true. However doesn’t account for market decreases by 50% beginning in 2000 and 2007.

By: My Favorite Finds on The Internets This Month ? – Allen May – Blog

My Favorite Finds on The Internets This Month ? – Allen May – Blog — Fri, 16 Nov 2018 15:17:02 +0000

[…] The Math That Explains Why Net Worth Goes Crazy After the First $100k via Four Pillar Freedom — “This illustrates just how insanely powerful compound interest is once you have a few hundred thousand dollars saved up. As Charlie Munger said, getting the first $100k is a b*tch, but once you cross that threshold, your savings begin to do the heavy lifting for you.” […]

By: Zach

Zach — Wed, 08 Aug 2018 15:24:02 +0000

In reply to Marie. Congrats on hitting $100k in a single account, Marie! That's impressive. Glad you found this post so helpful as well :)

By: Marie

Marie — Wed, 08 Aug 2018 14:56:29 +0000

This is an awesome post…I hit 100K all in a single retirement account 403B…just elated!! It took me 10 years to do it though. I started contributing at 39 which it would have been sooner… now with this post Zach, I can see the difference in my savings as it materialize towards a robust financial retirement schedule. Compound interests is amazing!! Thank You.

By: Angela @ Tread Lightly Retire Early

Angela @ Tread Lightly Retire Early — Tue, 10 Jul 2018 19:51:41 +0000

Love how clear and easy this is – but it’s making me wish I’d started saving more sooner to get that kick start ? To be fair, our net worth is above $100k but since we have less than that in traditional retirement accounts, this still feels totally valid.

By: Greenbacks Magnet

Greenbacks Magnet — Tue, 10 Jul 2018 18:24:56 +0000

Great minds must think alike because I just wrote a blog post called how I went from $5k to six-figures in 6 years. It’s a worthy goal for anyone. Nice post.
Thanks,
Miriam