Warren Buffett: Why $100k is the MAGIC Number to Getting Rich (Life Changing Advice)

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Listen closely because I’m about to let you in on the secret to getting rich. If you just clicked on this video, it’s fair to say that you want to one day become a millionaire. But, what if I told you that the hardest part of becoming a millionaire isn’t hitting that elusive 1 million dollar mark. The hardest part is actually getting to your first 100,000. As you are about to see, once you hit this magical number, a lot of the hard work has already been done.

But please don’t take my word for it. This is coming from legendary investor Warren Buffett. And, let’s just say, our friend Warren here knows a thing or two about getting rich. Make sure to stick around to the very end of this video because I have a special treat for you guys that I know you will like. Let’s get into the video.

If I were to ask someone what the single most powerful tool in the world is when it comes to getting rich, what do you think they would say? A few things that come to mind may include having a high paying job, being able to pick winning stocks, (laugh when saying this) or even heck, coming from a rich family? While all of these things are important, they pale in comparison to the single most powerful force when it comes to getting incredibly rich… That force is what is referred to as “compound interest”. Truly understanding and utilizing the power of compound interest can mean the difference between becoming incredibly wealthy or living paycheck to paycheck your entire life. You are about to see exactly why in this video. Buffett has been known to say that “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it”. Listen to Buffett talk about how compound interest built his fortune.

Once you hit the 100,000 dollar mark, the wonders of compound interest start to work their magic.To demonstrate just how powerful Compound Interest can be, here’s a quick story for you. Meet the characters in our story: William and Richard. Nearly everything about William and Richard is the exact same. Both are the same age, work in the same field, and even make the exact same amount of money. However, there is one big difference between these two guys. This difference may seem inconsequential at first. But, as you are about to see, this seemingly small detail is going to make all the difference.