Chris and Lori Harder argue that hitting your first $100,000 in net worth is harder than reaching a million because you've never done it before and have to become a different person. Once you cross it, you stop making desperate decisions and can actually build wealth.
The hardest threshold for someone on their path to wealth to cross is the first hundred thousand in net worth. And the reason for it is, one, you've never done it before. Two is because you have to become someone different to get there. And it sets you up for the million.
Even the person you become when you just start to have a bit of a savings, like, where you're like, okay, I don't have nothing, right? Like, nothing to fall back on. I always think of, like, the decisions you make when you're desperate, and you make desperate decisions which lead to more desperate decisions which lead to deeper, desperate decisions. It's an energy. People feel it.
