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The Journey to a Million: Understanding the Importance of the $100,000 Milestone
When discussing wealth accumulation, a popular saying often surfaces: “The first $100,000 is the hardest.” However, reaching this milestone is far more significant than it seems. In fact, when you build a $100,000 investment portfolio, you’ve already achieved about one-third of your journey toward the coveted $1 million mark. Let’s delve into the mathematics behind this, and explore why this milestone is so vital for your financial future.