My First $100,000

My First $100,000

Growing your Net Worth is hard. But I have good news for you; it gets easier! I decided to check how long it has taken me to cross these milestones, just for some extra motivation. I once heard the first million is the hardest, but since I don’t have a million to share with you, I’ll go over my first $100,000 and beyond. I’m starting the journey in June 2001 as it was my first job, and the first time I was able to save money.

Although I love and believe in every product I talk about, I have to mention that some links on this page lead to affiliates which could result in compensation for me.


It took me 12 years and 10 months to get my first $100,000. I Finally crossed the $100,000 mark in April 2014. In that time my salary went from $3,300 a year, to $51,000 a year. I also bought my condo (Which is now my investment property) in this period.


After another 2 years and 6 months, I crossed over $200,000. December 2016 I was finally able to become a multi-hundred-thousandaire! My salary went from $51,000 to $69,000 in this time. I also purchased my second home (my current house) in this time.

Whats Next?


I actually think I’ll hit this in early 2019 at the pace I’m going. A lot will happen between my last $100,000 and this one. The main thing? Kids! I had my first baby in 2017 and might even have my second by the time I hit $300,000. Only time will tell!

The Magic of Compounding Interest

My First 100000I love having the time frame in here because of what compounding interest is doing for me. Right now it takes me a little over 2 years to cross $100,000. I started messing around with my Financial Freedom Number while writing, and if I can keep hitting my growth goal of 12.25% a year, 12 years from now I should be gaining $100,000 yearly! 20 years from now I should be doing so every 6 months!

That’s why to me it’s so important to invest early! Whether you choose to throw a lot into your 401k, Investment properties, or just a regular brokerage (Click here to get you started with a free share), just start already, and continue to grow that portfolio!

How long did it take you?

How long did it take you to hit your first milestone? Your first $10,000, $100,000, or the elusive $1,000,000?? If you still haven’t gotten there, when is your projected date to hit it?

Don’t know your Net Worth yet? Learn how to calculate it here!

Let me know in the comments!

Published by Gabe A

Gabe A. is the creator of The Shiny Dollar. Besides writing and helping others with their finances, he loves to travel and spend time with his family.


I haven’t hit any milestones yet, the first one being getting out of my credit card debt. That should happen by the end of February next year – fast approaching!

I know a ton of our US friends use Personal Capital to track net worth, but I just wanted to add in that Wealthica is the closest thing I could find for Canadians – in case you have any others reading!

As always, inspiring post! Makes me want to hit those milestones as quickly as possible!
Allie Banks recently posted…What I Plan To Do With My Money – November 2017My Profile


Hi Allie,

Thats a huge milestone you’re about to hit! But hey even going from a negative 30,000 net worth to a 20,000 net worth is a milestone to me!

As far as net worth trackers, I used to use Mint, but now I do it on my own with a spreadsheet… There was always something that threw me off with them….for example with Mint, I couldn’t add my old 401k so I had to create an Asset and update it manually every month.

Thank you so much for reading, and btw, the layout of your blog is amazing, I love it!


Agreed on that point! I just can’t wait to see both my interest and dividends go back up to what they were from before I bought the Jeep! (Which wasn’t much – but it was still exciting for me.)

I used to use Mint too and for me, you have to get the combination of not too many features and just enough features for me to be interested. They had too many things to keep track of doing in their software – it became a chore.

You’re very welcome, I quite enjoy your blog – so much in fact I have added it to my blogroll on my sidebar! I love designing and working with CSS, so thank you! Could always use the extra ego boost! 😉
Allie Banks recently posted…What I Plan To Do With My Money – November 2017My Profile


Thank you so much for that I really appreciate it!

And yeah I agree, Mint became overly packed with features and too cluttered!

And about your site, that graph in the home page that shows what you owe is awesome!

Thanks Allie!


As Charlie Munger says (apparently) “The First $100,000 is a bitch”. I can’t remember when I hit the $100K mark, but every $100K you go up is significant. And that elusive $1,000,000 would be very exciting indeed. Investing early is key!!
GYM recently posted…A Tale of 4 Maternity Leaves: Comparison Between 4 CountriesMy Profile


It sure is a bitch isn’t it?

I’ve been using spreadsheets to track my net worth for years now, so I went back to look through them to see when and how I hit the milestones. Compounding interest is exciting to me, I love to see how it will effect my money for the future!


Damn I’m not even anywhere near there lol. I still have a long way to go but this is definitely my motivation.

I’ll get there one day lol
Melanie, Mommy Finance recently posted…How Work Life Affected My Blogging Goals and How to Overcome ItMy Profile


You’ll get there! I want to see what type of impact having my baby will have on my projections though. So far ive managed to avoid being hit but it hasn’t been too bad on the pockets yet.

Can’t wait to see your milestone post in the future!


Thanks for sharing! I know it’s been a while now since you crossed your first $100,000, but congratulations, Gabe! I have never crossed that mark. It took me roughly 2 years to reach my first 10k, and another 1.5 to reach my first 20k. However, I’m having to work my way up the thousands again. I estimate it will take more than 5 years before I achieve my first $100,000. From there, the snow ball will really start to roll. Thanks for getting me to think about this. Take care!
Reverse the Crush recently posted…Here’s the 5th Dividend Income Update, Old Sport!My Profile


Well the first $XXXX is the hardest! Regardless of what that number is! It really doesn’t make much of a difference when you’re in the journey we are in. Most of my money is in retirement money and real estate, so I couldn’t (or wouldn’t) go out spending it even if I wanted to.

It gets fun though, seeing how compounding interest makes the next goal come a little sooner than the last. I cant wait until the days Im seeing 100,000 gains every 6 months!


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