Nicole Lapin

It's one of the wildest, most liberating feelings in the world of personal finance.

At 100K, a 10% return gives you $10,000 in one year, completely passive.

This is why the rich get richer.

Not because they're smarter, but because compounding is doing the heavy lifting.

And now you're on the right side of the equation.

Your first 100K will feel like the longest, slowest, most frustrating phase of your financial life.

But after that, finally, finally, the math starts working for you.

As long as you stay consistent, keep lifestyle creep low, and

keep your eye on that long term game, you will get there.

For today's tip, you can take straight to the bank.

If you want to make your own plan to 100K, you can use the free compound interest calculator that I have on my website for my course, The Money School.

You can play around with different monthly investment scenarios or different time horizons, and the calculator will do the math for you.

And again, this is completely free just for you to use as you are plotting your six figure life.

To get started, head over to themoneyschool.com slash tools or check the link in the

episode description.

I once interviewed the CEO of a credit bureau, and he confessed that his assistant has a better credit score than he does.

Why?

Because she's more organized.

Yep, even the head of the credit bureau can use a little help in the credit score department.

If you can too, then listen up, because Chime has a card that can help you do just that.