After your first 100k what did you do?
Accumulating your initial $100k poses the greatest challenge, while surpassing that milestone to reach $1M and beyond becomes easier.
Do you agree with this?
How did you achieve your first $100k?
Financial Freedom be like:
Eventually, some investors may encounter a stage where their wealth generates substantial returns, making it unnecessary to continually add to their investments.
Instead, they might withdraw a small portion to sustain a comfortable lifestyle.
Has anyone arrived at the financial freedom stage in life?
Did you alter your investment approach after reaching $100k or $1M?
Can an annual return of 6% from the S&P500 or 15% from the Nasdaq suffice for retirement with $1M or less?
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Accumulating your initial $100k poses the greatest challenge, while surpassing that milestone to reach $1M and beyond becomes easier.
Do you agree with this?
yes and no... whilst being a saver helps to accumulate savings to the $100k, reaching $1 million takes time considering all the expenses that come along... that's life isn't it... investing may make one wealthy, yet, may also make one poorer... there's always risks in investing isn't it...
still the same rules... risk mgt, patience, invest in good established companies, etc... and there's always dreams isn't it... [Grin] [Grin] [Grin] people often say to dream big... so perhaps... off to dream land... $1 BILLION [USD] [USD] [USD] [Miser] [Miser] [Miser] [Sly] [Sly] [Sly] [Grin] [Grin] [Surprised] [Happy] [Happy] [Happy]
🌟🌟🌟I remember the feeling and excitement when I received my first 10k! It was a great feeling of satisfaction and accomplishment! Then the next benchmark at 50k and then 100k. Step by step, small beginnings, little building blocks. That is how goals are achieved. It is a slow process but a rewarding one.
I remembered setting a budget, having a set amount for expenses, savings and investment. It does not matter how slow the process is, as long as progress is made.
The next level 1 million, will still be the same process, systematic, slow and steady. Achieving my ultimate goal of FIRE - Financial Independence Retire Early - requires patience and perseverance along the way. Life is after all a journey, not a destination.
@Tiger_comments @TigerStars @MillionaireTiger @TigerClub @Tiger_SG
有很多人在生活中真正实现了财务自由，这无疑将是我追求的人生目标。个人觉得达到10万或者100万之后投资方式会不一样。你无法专注于高风险高回报的投资。相反，你将更加关注高回报但低风险的投资，这将在整个过程中提供稳定性。如果年通胀率低于这一收益，标准普尔或纳斯达克的年回报率可能足以让退休时获得100万英镑。你怎么想的？ @rL @koolgal @icycrystal @b1uesky @Universe宇宙 @Aqa @好生活99
I was also given a strange look [Doubt]when i was at changi airport departing to Germany. You see i had just arrived back from shanghai at 8pm last night n now 10pm i m back to airport. I jokingly told the officer - . his eyes are not playing trick with him - indeed i was last at the airport last night.
That is especially hard to agree with.
When I started out on my first job, I was single and had no burdens.
That was back in 2001. Being a navigator doesn't make things any worse. I didn't have much chance to spend my salary when I'm spending most of my time onboard vessels.
After giving to my parents and for my own expenses, I saved at least 60% or more every month.
I started investing in 2007.
When I ended my 10 year contract in 2011, I was given a 10 months bonus. With that, I easily hit the 100k mark.
Fast forwards to 12 years later. I'm married, owns a HDB and with 3 kids in tow.
With all these commitments, I'm barely pulling through and only managing to save a few hundred a month at best.
With this current bad economy, my investment value suffered heavy paper losses.
$1m becomes easier? I'm still far from the halfway mark after all these years.
For the first $100k, I recommend a safe approach - i.e. put into fixed return financial products like fixed deposits or guaranteed return endowment plans, or stable shares like $Vanguard S&P 500 ETF(VOO)$ .
DO NOT risk your precious first $100k in highly volatile shares like $Tiger Brokers(TIGR)$ or meme stocks like $AMC Entertainment(AMC)$ $GameStop(GME)$ , unless you have couple of $100k to speculate with.
@sunflower19
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@highhand
@hd87
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Thank you for commenting on my post. Your coins have been sent to your account~ Don't forget to check your tiger coins💖
You need to keep reinvesting to reach this 100k.
But if you continue to be patient and discipline, it will get easier when your capital growth consistently.
Do not panic sell, instead when the market overbought with too many good news, then it's about time to take some profit and wake for the next few dips and gather your cherry picks.
Most importantly to give back to the community when you make your profits as this keep the money flowing.
May the market be with you.