Luke Kemeys

But you don't understand all the course correction I've done.

And, you know, we sit here today recording this podcast.

I pulled out a phone image this morning from 2019 and I'm going live on an iPad, you know, with no microphone.

And it's just like another reminder for me of okay that was so long ago now but I'm on my path going further down that journey and I think it's no different with investing or saving some money, you've just got to take one micro action that leads to something else and someone messaged me this week and said oh hey I've finally sold $300 worth of stuff from around my house and

that for them is probably like the same feeling that they'll get when they finally potentially have a hundred thousand dollars stacked or ten thousand or whatever it is because you just take the power back and go oh i did that okay i got a win here and then i think your brain starts looking for your next win because things start becoming a lot more possible

I think partly there's a lot of content about

know that first hundred thousand dollars and charlie munger you know talks about and so when you go down this rabbit hole of investing and stuff you know you start learning about it but i reckon what it is is that the compounding starts to become really meaningful you know so often they'll say to people okay let's say that you start investing and you do put a hundred dollars in and you somehow get a ten percent return you've got a hundred and ten dollars that's great but

it's going to feel a lot different when that $100,000 is $110,000.

I think that's what the concept is about is try and beat that psychological barrier of can you get there and then go and research what happens to $100,000 when you do leave it alone and when it does compound over many years.

But I was reflecting on this where I've done the $100,000 thing a number of times now so first saving some money and just stacking it aside and proving to myself that I could do it and then

the same amount into a specific share, then into a fund, then with my KiwiSaver.

So I've done it multiple times, but I can still recall the feeling of the first hundred grand.

And I'll tell you what, that feeling is,

it doesn't, that's the best time that you'll get it is when you do it the first time.

The second time, it's still amazing, but there is just something about it.

And I mean, it can be a long way away for a lot of people, but whatever that goal is, I think if you can get there and if you can beat what maybe your psychological thermostat is and do it,

you just look at it and go, whoa, okay, I've stayed the path and I've done that, and it's very, very powerful.

I watch the same thing and the reason I watch it is that, okay, I can get pounded by the algorithm with three reasons that you need to know this or the danger you can't see coming and then you sit down and listen to him with all his wisdom and it's like, oh, I've heard all these things before and he's really calm and I think, great, it brings a bit of balance back to it.

Yeah.

Well I think if you have an initial allergic reaction to whether you'll ever be able to stack 100 grand, it's probably one thing that someone said to me once was, Luke you're an entrepreneur at heart, you're a business person etc, you won't have unrealistic goals, you'll just have unrealistic timeframes.