How long to save $100k?

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By Nick

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Saving $100k may seem like a daunting task, but with the right plan and commitment, it’s achievable. By setting aside a specific amount each month and taking advantage of compound interest, you can reach your goal in a relatively short amount of time. Start small if necessary and gradually increase your savings as your income grows. If you can afford to put away $1,400 per month, you could potentially save your first $100k in just 5 years. Thanks to compound interest, just $700 per month could become $100k in 9 years. With discipline and patience, you can build a strong financial foundation for your future.

If you can afford to put away $1,400 per month, you could potentially save your first $100k in just 5 years. If that’s too much, aim for even half that (or whatever you can). Thanks to compound interest, just $700 per month could become $100k in 9 years.

In conclusion, saving $100k may seem daunting, but it is achievable with the right plan and commitment. By setting aside a specific amount each month and taking advantage of compound interest, you can reach your goal in a relatively short amount of time. Remember to start small if necessary and gradually increase your savings as your income grows. With discipline and patience, you can build a strong financial foundation for your future.

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