Episode 260 | Why Your First $100,000💰Is The Hardest: 💥 Lessons From Financial Fails
You know what they say – the first $100,000 is the hardest, and it feels like scaling Mount Everest in flip-flops. In this episode of *The Higher Standard*, Chris and Saied unpack why breaking that six-figure milestone is such a struggle and how even Charlie Munger (RIP) called it a "b*tch." But once you hit that $100K, things start compounding faster than your excuses for skipping leg day. It’s like flipping a switch to rocket toward $1 million – or so we tell ourselves between sweet cream nitros and existential dread. ➡️ The boys also explore childhood money habits that might be sabotaging your wallet and dive into the Case Shiller Index to understand the warning signs of recessionary bubbles. From historical asset crashes to the 2008 housing crisis, they highlight why economic indicators are more than just fancy graphs. Saied’s expressions are priceless – equal parts shock, dread, and "I need a drink." So buckle up, hit play, and see if you’re on a path to wealth or just another bubble waiting to burst. Smash that like button, ring the bell, and remember: the road to wealth is paved with memes, mindset shifts, and maybe a little less avocado toast. 🥑💸 💬 Share your experiences and thoughts in the comments below. ✅ And don’t forget to subscribe! ➡️ / @higherstandardpodcast ----- 🎧 Listen to THS on: ✔️Apple Podcasts: https://podcasts.apple.com/us/podcast... ✔️Spotify Podcasts: https://open.spotify.com/show/4GWJoCT... ----- 👕 THS MERCH: http://thspod.com ----- 🧊 Get 12% off any purchase at Ice Barrel (Excludes chillers) ⬇️ https://icebarrel.com/discount/chris ----- Welcome to the official YouTube channel of The Higher Standard, the #1 financial literacy podcast in the world. 💰This isn't a different standard, it's The Higher Standard. We go beyond just reporting news; we simplify complex economic events into clear, useful insights. 💥 Have you left your "honest ⭐️⭐️⭐️⭐️⭐️" review? 🎬 Don't just follow the norm; elevate your financial literacy with us. Subscribe and hit the bell (🔔) to never miss an episode. ----- 📲 Let’s Connect! ☑️ Instagram: / higherstandardpodcast ☑️ Website: https://www.higherstandardpodcast.com 📩 Join The Higher Standard private email list for written articles, show resources & more: http://eepurl.com/hLykI1 📌 Follow Chris On: / chrisnaghibi / chrisnaghibi / chrisnaghibi / chrisnaghibi / chrisnaghibi 📌 Follow Saied On: / saiedm.omar ----- 🔗 Referenced Show Links: Gary Stone via X Robert Shiller and His CAPE Ratio https://x.com/garystonesws/status/186... YCharts Can the S&P 500’s CAPE Ratio Predict a Market Crash? https://get.ycharts.com/resources/blo... ----- ⏰ Chapters: 00:00:00 Intro 00:16:34 Why Your First $100K is the Hardest 00:24:27 Lessons from Historical Asset Bubbles 00:37:35 The 2008 Housing Bubble: A Cautionary Tale 00:43:18 The Rise and Fall of Economic Bubbles 00:56:50 The Psychology of Market Trends 01:04:52 The Psychology of Consumer Behavior 01:13:31 Understanding Psychological Biases in Market Behavior 01:24:44 Outro ----- ⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content. ----- #TheHigherStandard #Podcast #FinancialLiteracy #PersonalFinance #Investing #FederalReserve #InterestRates #HousingMarket #RealEstate #MortgageRates #HomePrices #RecessionWatch #Inflation #EconomicTrends #MarketTrends #MoneyManagement #CostOfLiving #EconomicOutlook #RentVsBuy #MultifamilyHousing #WealthBuilding #StockMarket #CharlieMunger #JeromePowell #TheFed #CompoundInterest #FinancialFreedom #MoneyTips #2025Predictions