Name: Getting $1M Net Worth is Easy, But Only If You Do this First
Uploaded: 2025-11-21T18:03:02.000Z
Duration: 7 min 14 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Adverbs of manner

Getting a million dollar net worth is easy, but only if you do this first.

I am going to prove it to you mathematically that anybody watching this video can reach to a million dollars.

I will show you step by step how to get there.

But before we talk about how to get there, you have to understand the most important misconception that is holding people back.

Most people assume that the more you earn, the wealthier you become.

The Federal Reserve ran a study and found something surprising.

Many people who are we terms of assets show up in the lowest income brackets.

So income and wealth don't always move together.

The United States has 24 million millionaires.

These are not lawyers, doctors or tech workers.

These are regular people with average jobs that saved and invested consistently.

Meanwhile, a lot of high earners earning $200,000, $300,000 usually have no net worth at all.

Someone earning $75,000 and investing consistently will end up much wealthier than someone else who is earning $200,000 and spending everything.

It feels unbelievable at the first glance, but that's because we're just terrible at long term thinking.

A big part of the problem is Parkinson's law.

Work expands to fill the time available for its completion.

If you have a week to finish the task, it will take you two weeks.

If the deadline is in two hours, you will finish it in two hours.

Instead of saving most of that money and investing it, your lifestyle expands.

You get a bigger apartment, a nicer car, more eating out until you are just broke again.

At a higher income bracket, expenses rise to match your income.

And once you upgrade your lifestyle, it's almost impossible to downgrade.

But the second mistake is even bigger that most people are guilty of.

If you earn 80,000 doll thousand dollars a year after taxes, you will take home approximately $5,000.

Saving 20% means that you're saving $1,000 or about $12,000 a year.

At that rate, it will take you 83 years to get to a million dollars.

You're simply not going to live long enough to see the fruits of your labor.

That's why most people give up before they even start.

The real issue is humans overestimate what they can do in a day and underestimate what they can do in a year.

The brain loves smaller rewards now than bigger rewards later.

And there are countless studies to prove this.

Stanford proved this with the marshmallow experiment.

Kids were told, you can have one marshmallow now, or just wait 15 minutes and you can have two marshmallows.

Most kids ate the marshmallow immediately.

And as we grow up as adults, nothing actually changed.

You watch a motivational video, you feel excited.

You feel like you're about to get to the top of the world.

But saving a thousand dollars a month to get to a million dollar net worth in the long run somehow feels impossible.

That's because we think in a straight line.

But real growth, especially financial, almost always happens exponentially.

Nothing happens for a long time, and then suddenly everything accelerates.

If you invest $1,000 a month into the S&P 500, assuming that it grows at 8% annually, which is very conservative, you will reach to a million dollar net worth in 27 years and not 83.

Start in your 20s and you're almost guaranteed to have a million dollar net worth in your 40s or early 50s.

But it's difficult for your brain to comprehend that because it keeps thinking in a straight steady of exponential Y.

And after a million dollars, compounding it on steroids, the second million dollars just takes seven years.

Give it 83 years and that thousand dollars a month suddenly turns to almost $90 million.

That's why Warren Buffet made 99.9% of his wealth after the age of 50.

But once it kicks in, it becomes unstoppable.

Now the question is, I'm ready to invest $1,000 a month.

How do I get to a million dollar net worth?

Investing is what turns linear savings into exponential growth.

There are so many options where you can invest.

Stocks, real estate, private equity, Treasuries, and even luxury watches, you name it.

For most people, the best place to invest is an etf.

So you're basically just buying the entire market.

The best ETF is the Vanguard S&P 500 with a ticker symbol V00.

It owns the top 500 largest companies in America.

So instead of trying to pick up the winners, which most likely you can do that, especially if you are not a professional investor, you own a small piece of all the winners.

It's a diversified, low cost and historically returns about 8 to 10% annually.

Invest $1,000 into an ETF such as the Vanguard S&P 550 and you're guaranteed to end up with at least a million dollar net worth.

You can also use Fidelity's version FXAIX or BlackRock's iShare S&P500 ETF.

All of these three track the exact same index.

All of them invest in the top 500 largest companies in America.

You don't have to research companies, analyze financial statements, follow trends, and

guess who is going to be the next winner?

8% annually does not mean 8% every single year.

Some years the market crashes and the index goes negative.