{"id":219074,"date":"2025-10-12T11:58:16","date_gmt":"2025-10-12T11:58:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/219074\/"},"modified":"2025-10-12T11:58:16","modified_gmt":"2025-10-12T11:58:16","slug":"6-money-moves-to-make-once-your-net-worth-reaches-100k","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/219074\/","title":{"rendered":"6 Money Moves To Make Once Your Net Worth Reaches $100K"},"content":{"rendered":"\n

Congratulations for reaching a six-figure net worth<\/a>! It\u2019s a milestone worth celebrating.<\/p>\n

Read Next: Here\u2019s Why You Always Want to Know Your Net Worth, According to a Financial Expert<\/a><\/p>\n

Check Out: 6 Popular SUVs That Aren’t Worth the Cost — and 6 Affordable Alternatives<\/a><\/p>\n

As you grow your wealth, however, your financial strategy must grow and evolve to keep accelerating your success. Make these money moves as you build wealth into the six figures and beyond<\/a>.<\/p>\n<\/p>\n

Still have credit card balances<\/a>? Personal loans? Student loans with double-digit interest rates?<\/p>\n

Prioritize paying them off. After all, what\u2019s the point of investing for a 10% average return on stocks if you\u2019re paying 16% interest on credit card balances?<\/p>\n

Explore More: 5 Key Mindset Shifts To Financially Become the Top 1%, According to Humphrey Yang<\/a><\/p>\n

Eventually, you want three to six months\u2019 worth of living expenses saved in your emergency fund<\/a>.<\/p>\n

You don\u2019t have to get there overnight, however. Start by simply saving $1,000. After that, you can start splitting your savings from each paycheck to go in multiple directions, with some building up your emergency fund and the rest going toward other savings goals and investments.<\/p>\n

The less money a person has, the more immediate their financial planning<\/a>. They worry about how to cover groceries this week and rent this month.<\/p>\n

The longer the horizon you plan for, the better your financial results likely will be. Financial planner Lissa Lumutenga<\/a> urges people to start with a few simple questions: \u201cWhat am I building toward? Which goals are short term vs. long term? How can I structure my money so it aligns with my values and goals?\u201d<\/p>\n

Reaching those long-term goals requires investing money<\/a> for compound returns, not just parking cash in a savings account where it loses value to inflation each year.<\/p>\n

At a $100,000 net worth, you should keep your investments simple. \u201cSimple rules are the easiest to follow, and the most likely you\u2019ll stick with consistently,\u201d said Ben Waterman, co-founder of wealth management platform Strabo<\/a>. For example, a free robo-advisor can automatically pull money from your checking account every two weeks and invest it in diversified index funds for you.<\/p>\n

The less money you lose to taxes, the faster you\u2019ll build wealth<\/a>.<\/p>\n

With a $100,000 net worth, you\u2019re likely still on the early side of your financial journey. Consider investing through a Roth IRA or Roth 401(k), so your investments can compound tax-free in the decades between now and retirement.<\/p>\n

Also look into employer matching contributions, which pay an immediate 100% return on your investment. \u201cBeyond the matching contributions, investing through your 401(k) will both automate your investments and provide tax benefits,\u201d explained Jay Zigmont, Ph.D., CFP, founder of Childfree Trust<\/a>.<\/p>\n

Many people just assume that buying a house makes a better financial move than renting. But depending on your local market and plans, that may not prove true.\u00a0\u201cBuying a house is a choice, not a requirement,\u201d Zigmont said.<\/p>\n

If you don\u2019t know how long you want to live in a given city or neighborhood, or don\u2019t know how your needs might change over the next five years, renting offers flexibility.\u00a0Besides, in some markets, the math to buy may not make sense. Use a rent versus buy calculator like Realtor.com\u2019s<\/a> to run the numbers in your neighborhood.<\/p>\n

More From GOBankingRates<\/p>\n

This article originally appeared on GOBankingRates.com<\/a>: 6 Money Moves To Make Once Your Net Worth Reaches $100K<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Congratulations for reaching a six-figure net worth! It\u2019s a milestone worth celebrating. Read Next: Here\u2019s Why You Always…\n","protected":false},"author":2,"featured_media":219075,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[123666,100799,28,741,123665,123664,61736,13445,147,530],"class_list":{"0":"post-219074","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-affordable-alternatives","9":"tag-build-wealth","10":"tag-business","11":"tag-emergency-fund","12":"tag-financial-strategy","13":"tag-investing-money","14":"tag-money-moves","15":"tag-net-worth","16":"tag-personal-finance","17":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/219074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=219074"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/219074\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/219075"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=219074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=219074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=219074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}