JonathanFerrari
Junior Member
- Dec 26, 2018
- 151
- 63
If you have them by savings, it just requires time.
The hardest part is to find the side hustle to make money every month/year.
So it doesn't matter if you have 20-50 or 100K in your bank, if you don't have something stable, the money will be gone sooner or later.
The hardest part is to find the side hustle to make money every month/year.
So it doesn't matter if you have 20-50 or 100K in your bank, if you don't have something stable, the money will be gone sooner or later.
ExperimentalSEO
Regular Member
- Mar 1, 2018
- 451
- 2,066
I think it depends on the person
The hardest is whatever amount you reach to with earnings or savings/investments that allows you to really feel good and motivated to keep at it. It could be when you reach your first $10 a quarter from dividends that makes you go "omg this is awesome"
The hardest is whatever amount you reach to with earnings or savings/investments that allows you to really feel good and motivated to keep at it. It could be when you reach your first $10 a quarter from dividends that makes you go "omg this is awesome"
AshOasis
Regular Member
- Jan 8, 2024
- 297
- 565
Making the first million is the hardest therefore start with the second million. But in seriousness, it all depends, like how are you making the money - if your goal is 100k in savings then getting to that point with a regular job might take a while. However, being fiscally responsible has a huge impact in the long run regardless how you make money.
The first 100.000 $/€ is very hard to make because its the START. Every single start is very hard. Some people make it very quickly but others need more time to do it.
In my opinion the problem is after you have the money. The hardest part is to invest it right so you will have a passive income if you dont want to work for a whole life of course. Many people have a problem with that - invest in property, buy btc, buy gold, keep it in the bank.... Very hard decision at least for me.
In my opinion the problem is after you have the money. The hardest part is to invest it right so you will have a passive income if you dont want to work for a whole life of course. Many people have a problem with that - invest in property, buy btc, buy gold, keep it in the bank.... Very hard decision at least for me.
LuckyNow
Banned - Multiple Rules Violations
- Jun 14, 2022
- 487
- 1,774
I had a dream the first time and a lot more money.
MrT131
Senior Member
- Aug 21, 2019
- 1,101
- 668
Yes. I absolutely agree with that since you need to know 2 things :
1. Making money
2. Keeping money
People often concentrate on the first point but forget the second. This will often lead to being broke again.
- Oct 2, 2022
- 1,589
- 2,853
Absolutely. For your first 100k you need to leverage a lot of your time to get there, this is why it's slower. Beyond 100k you can start leveraging the cash as well to generate more cash while you're sleeping through all sorts of investments.
Plus a 10% increase when you have 50k makes you 5k. The same 10% when you have 200k made you 20k. The 10% return stayed the same but you just made 15k more doing nothing in the same market conditions.
Plus a 10% increase when you have 50k makes you 5k. The same 10% when you have 200k made you 20k. The 10% return stayed the same but you just made 15k more doing nothing in the same market conditions.