I learned this lesson the hard way, and early. In that way I feel fortunate, because I learned this lesson back when I didn’t have much at all.
The first $100k is such a pain because most of it is purely based on how much you save. When you have less than $100k, you have very little investment returns helping propel your net worth higher. It’s all about how much money you can throw in your bank account each month.
The results are staggering. The spending and earning lines move further apart from each other every year by a bigger amount. That’s a gap that’s improving by leaps and bounds.