Charlie Munger emphasized the importance of accumulating the first $100,000 for financial success. Ramit Sethi explains how reaching this milestone fast-tracks the path to financial freedom. Investing $833 monthly at 7% can lead to $1 million in 40 years. Starting early and investing consistently is key to building wealth.

Investing in the S&P 500, starting a side hustle, or using a robo-investing app like Acorns can help reach the $100,000 milestone. Real estate, particularly rental properties, can also generate passive income. Platforms like Homeshares and Arrived offer opportunities to invest in real estate without the hassle of property management.

Utilizing employer 401(k) match programs or opening tax-advantaged retirement accounts like self-directed IRAs can further boost savings. Consider a gold IRA to protect against inflation and diversify your portfolio. Priority Gold offers physical delivery of gold and silver with free rollovers and storage options. Download their free 2025 gold investor bundle for more information.

Read more at Yahoo Finance: Your net worth skyrockets after $100,000 in America. Here’s why and how to reach the six-figure mark