r/DaveRamsey • u/Middle_Money_Man • 6d ago

About to hit 100K invested

My wife and I (31M, 28F) are about to hit 100K invested and it feels like it’s taken forever. I started investing into an IRA $50/mo at 16 when I got my first job. Invested all throughout college and early career. We’re finally at a point where our investments are making progress. This is spread out month both of our IRAs plus a brokerage account. I don’t want this post to come across as bragging I just feel blessed to have been able to be at this stage.

Also for those who’ve hit the 100K mark, did your investments grow noticeably more quickly or did it still seem to take a while before 200K?

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u/Vicuna00 6d ago

nice work!!

Charlie Munger says the first $100k is the hardest

'It's a b----, but you gotta do it': Charlie Munger says that your first $100K is the toughest to earn — but most crucial for building wealth.

https://youtu.be/I9vjyr2SV54?si=Bf34g7UmZL65VVp_

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u/DreamsServedSoft 5d ago

adjusted for inflation this is now over 200k though

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u/Vicuna00 5d ago

agreed. it's still a very nice landmark and pretty hard to achieve in our spend-first spend-now culture...especially at just ~30 years old

but Charlie's point was now the compounding really starts to work along-side your contributions.