303: Why $100K is Key to Becoming a Millionaire

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Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

310 episodes

1 week ago

Interviews with the world's best investors and find out what they are currently investing in whether it be the stocks, retirement accounts, Wealthfront, Betterment, Vanguard, mutual funds, real estate, Forex, REITs, or other types of Investing methods. Millionaire and Entrepreneur Sam Marks, Johnny FD & Derek Spartz invest alongside listeners as they share their personal portfolios as they save their hard earned money for travel, life and retirement. Invest Like a Boss covers all aspects of investing in the modern age in a fun, entertaining way. The show hosts interview the worlds best investors, financial Insiders, entrepreneurs and CEOs to find out what they are investing in and strategies to gain outsized returns. In this modern age of investing, new investment instruments are popping up each day, from P-2-P lending, to robo-advisors, equity crowd-funding to REITS. Investors today need to combine centuries of investment wisdom with an modern outlook and approach. Entrepreneurs Sam Marks, Johnny FD & Derek Spartz each took different paths to success to now focus on learning how to invest alongside the listeners in order to put their hard earned money to work. Copyright Invest Like a Boss Inc.

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303: Why $100K is Key to Becoming a Millionaire

Invest Like a Boss

32 minutes 32 seconds

1 year ago

303: Why $100K is Key to Becoming a Millionaire

Johnny and Derek break down the power of compound interest in this back to basics reminder episode. They cover why getting to $100K in investments is a huge milestone in the path to becoming a millionaire. They give real life examples of how fast your wealth can grow when you stay focused and don't pull out your investments on frivolous expenses. Share this episode with someone that is just starting out their investment journey or could use a push to start!

Discussed:

Compound Interest Calculator

Where we are:

Johnny FD – Kyiv, Ukraine / IG @johnnyfdj
Sam Marks - Bangkok, Thailand / IG @sammarks12
Derek – Los Angeles, USA / IG @DerekRadio

Sponsor:

Shopify
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ILAB Patreon
Join the Invest Like a Boss Patreon now and get tons of bonus content, including additional episodes, full quarterly updates including account screenshots and more for as low as $5/month at Patreon.com/InvestLikeaBoss

Time Stamp:

02:45 - Why $100K is So Important
07:40 - Charlie Munger's Model to Get $100K
11:52 - How Fast $1K a Month Becomes $1M
21:20 - The Argument to Spend Your Money vs. Save

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