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I recently just crossed over $400,000 invested at 25. Here is my journey.

I posted this tweet last week about my net worth journey & it did pretty well. I had a few questions asking about my journey & what I learned. This newsletter is what I learned on my journey so far.

But first, to keep this newsletter free…

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My First $100,000 (7 years):

As Charlie Munger put it, that first $100k is a b*itch. For me, that was the hardest milestone to hit for a few reasons.

1. Since I started as a teenager, my income was not good at all. I was investing $200 here or $250 there to grow my investments. So not having a good income did not help me on my first $100k.

2. Compounding is the slowest. This is just a simple math equation. 10% gain on $10,000 is just $1,000. While that is great, it isn’t a massive help to growing the net worth.

3. I was learning. I first started out trying penny stocks, which I learned the hard way are not the way to wealth. So my first $100k was full of a lot of learning.

From $100,000 to $200,000 (15 months):

This part of the journey was me realizing there is a way to increase my income via a business, so I started a side hustle & was investing that extra money into the stock market. While compounding did help, most of this growth came from my own income contributions.

From $200,000 to $300,000 (14 months):

During this time one of my online businesses was doing super well so my income grew quite a bit. I also added some crypto exposure & some higher risk assets to my portfolio. Why? Well, I had the solid foundation in my investments to take on a little higher risk assets. The market didn’t help me here as this was mostly during 2022 so I was fighting against the bad market.

Real quick, my podcast called The Decade Investor Podcast releases a new episode every Monday & Wednesday. This week I dropped two new episodes:

1. My $400,000 Net Worth Investing Process

2. He Hasn’t Sold a Stock in 2,234 Days. An interview with Tom, The Savings Captain

You can listen to them on any podcast playing app here: https://thedecadeinvestorpodcast.buzzsprout.com/share

From $300,000 to $400,000+ (7 months):

I believe there are 2 reasons for this huge growth in just 7 months.

1. Higher risk assets doing well. Since I had some crypto exposure & the crypto market has done well in the last few months, this has helped my overall net worth grow.

2. Compounding is slowly but surely helping even more. With $300,000 invested, a 10% gain is now +$30,000 in the account. This means for me to get from $300k to $400k would have only required $70k in new capital. However with my higher risk assets doing well, some of my investments in those are up 50%, so that is why my overall NW is up so quickly.

What I have learned:

Throughout these last few years of aggressively building wealth, I have realized that compound interest is actually very powerful. It is crazy to see compounding do work for my money on a bigger scale. It really gets me excited for when I have $500k, $700k & more invested. I also learned that if I would have given up in those years of building to $100k, I would have never gotten to where I am now. Don’t give up. Don’t quit.

All in all I hope my journey inspires you to start yours. I know it is tough sometimes, but it is worth it. I maaaaaay be able to help you soon 😉 

I want to help you too. I will be able to help you… soon. Stay tuned, I have something coming in the beginning of 2024 that will revolutionize the game for Decade Investors.

(x)Tweet of the Week:

Keep on stacking, keep on building.

Thank you so much for reading & I will see you next week! Until then, keep buying assets.🙂 

- Decade Investor