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The First $100k is The Hardest

Because of the effects of compounding, money grows quicker as the numbers get bigger. And after a while it takes less and less time to hit the next milestone. Just like when you’re building a wealth of understanding, you can learn faster after you’ve learned the basics.

$10,000 a year (or $833.33/mo) invested at 7% will take 7.84 years to build to $100,000.

But if you continue investing that same amount the years begin to move quicker and quicker.

$0 ……………….. 0 years
$100,000 ……. 7.84 years
$200,000 ……. 5.10 years
$300,000 ……. 3.78 years
$400,000 ……. 3.01 years
$500,000 ……. 2.50 years
$600,000 ……. 2.14 years
$700,000 ……. 1.87 years
$800,000 ……. 1.66 years
$900,000 ……. 1.49 years
$1,000,000 …. 1.35 years

The first $100,000 is the hardest. 
And the same is true for your first $10,000.
And your first $1,000.
And your first $100.

The first is always the hardest. 
But don’t let that stop you. 
You’ve done hard things before. 
It’s all down hill from here.

-Wealth of Understanding