Billionaire investor Julia Koch eyes stake in NY Giants: report
Koch – the widow of David Koch and New York City's richest woman – and her family last year took a 15% stake for nearly $700 million in Brooklyn Nets owner BSE Global, The Post exclusively reported.
The firm also owns the WNBA's New York Liberty and Barclays Center.
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3 Julia Koch at BCNY's annual luncheon in April.
Patrick McMullan via Getty Images
Now Koch and her family, who boast a $74.2 billion net worth per Forbes, are looking into investments in other teams, especially those in the New York market like the Giants, a source told CNBC.
Representatives for Koch and the New York Giants did not immediately respond to The Post's requests for comment.
The deal is still in flux, with several possible investors being floated for a stake likely less than 10%, sources told CNBC.
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One possible contender is Eli Manning, the team's former quarterback for 16 seasons, who said earlier this year that he would consider becoming a minority owner of his old team if they would sell a small stake.
Former Milwaukee Bucks owner Marc Lasry and Michael Strahan, the former Giants player-turned-ABC news host, are reportedly teaming up to make a bid for a stake in the New York team, according to Sportico.
As of August 2024, the New York Giants were valued at $7.3 billion, according to Forbes.
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There have been several limited partner deals over the past few months placing franchises at particularly high valuations after NFL owners voted last summer to allow private equity firms to invest in the teams.
3 The Giants were valued at $7.3 billion as of August 2024, the, according to Forbes.
AP
In December, two investment groups clinched an 8% stake in the Philadelphia Eagles for $8.3 billion.
That same month, Ares Management and Joe Tsai, who owns BSE Global, took a small stake valued at $8.1 billion in the Miami Dolphins, Hard Rock Stadium, the Miami Grand Prix F1 race and roughly half of the Miami Open tennis tournament, a source familiar with the sale told CNBC.
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Just this week, the NFL approved a 6.2% minority stake sale of the San Francisco 49ers, valued at $8.6 billion, a person familiar with the deal told the outlet.
3 Julia Koch and her late-husband David Koch attend the Time 100 Gala in 2016.
Getty Images for Time
Julia Koch inherited her fortune from her husband David, who made his riches from a massive 42% stake in the family's Koch Industries, an energy and chemicals conglomerate.
He died in 2019 and was survived by Julia, his wife of more than 20 years, and their three children, David Jr., Mary Julia and John Mark.
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Forbes
14 minutes ago
- Forbes
I'm A Certified Sleep Coach—Here Are The Best 4th Of July Mattress Sales On My Favorite Beds
As Forbes Vetted's senior mattress and sleep editor—and a certified sleep science coach—I've researched, analyzed and tested hundreds of beds. If you've been dreaming of better sleep, now's a great time to save: From Tempur-Pedic to Stearns & Foster, many of my favorite mattress brands have kicked off their 4th of July sales. That includes savings on my top mattress recommendation for 2025, the Helix Midnight Luxe, which is currently 25% off. And if you're leaning more toward memory foam, the Nectar Premier, another top choice, is on sale for less than $1,000 for a queen size. Many of our favorite mattresses, like the Bear Elite Hybrid, are on sale this 4th of July. illustration: forbes / photo: retailer Whether you're a side sleeper in need of cushiony contouring or a back sleeper looking for extra support, you can shop a variety of mattresses that are discounted this holiday. With the help of our assistant deals editor Jordan Thomas (who vetted each deal to ensure they're actually good), we rounded up the best 4th of July mattress sales. Below, you can browse by retailer, which includes some of my favorite mattress brands, and by individual deal, where y0u'll see discounts on tested-and-approved beds featured in our mattress-buying guides. Best Mattress Overall: Helix Midnight Luxe: Now $1,751, Was $2,399 (27% Off With Code FORBES27 ) Helix Midnight Luxe: Now $1,751, Was $2,399 (27% Off With Code ) Best Mattress For Pressure Relief: DreamCloud Premier Rest Hybrid (Queen): Now $1,499, Was $2,431 (38% Off) DreamCloud Premier Rest Hybrid (Queen): Now $1,499, Was $2,431 (38% Off) Best Mattress For Guest Rooms Overall: Leesa Studio (Queen): Now $559, Was $799 (30% Off) Leesa Studio (Queen): Now $559, Was $799 (30% Off) Best Memory Foam Mattress: Nectar Premier (Queen): Now $949, Was $2,249 (58% Off) Nectar Premier (Queen): Now $949, Was $2,249 (58% Off) Best Budget Firm Mattress: Siena Memory Foam (Queen): Now $359, Was $769 (50% Off) Siena Memory Foam (Queen): Now $359, Was $769 (50% Off) Best Cooling Innerspring Mattress: Leesa Legend Chill Hybrid (Queen): Now $2,059, Was $2,949 (30% Off) Leesa Legend Chill Hybrid (Queen): Now $2,059, Was $2,949 (30% Off) Best Mattress For Heavy Side Sleepers: Nolah Evolution Comfort+ (Queen): Now $1,749, Was $2,499 (30% Off) Nolah Evolution Comfort+ (Queen): Now $1,749, Was $2,499 (30% Off) Best Hybrid Mattress For Couples: Bear Elite Hybrid (Queen): Now $1,578, Was $2,427 (35% Off) Bear Elite Hybrid (Queen): Now $1,578, Was $2,427 (35% Off) Best Innerspring Mattress With A Pillow Top: The WinkBed (Queen): Nw $1,499, Was $1,799 (17% Off) The WinkBed (Queen): Nw $1,499, Was $1,799 (17% Off) Best Firm Cooling Mattress: Tempur-Pedic Tempur-LuxeBreeze (Queen): Now $5,099, Was $5,599 (9% Off) Tempur-Pedic Tempur-LuxeBreeze (Queen): Now $5,099, Was $5,599 (9% Off) Best Innerspring Mattress Overall: Saatva Classic (Queen): Now $1,699, Was $2,099 (19% Off) Saatva Classic (Queen): Now $1,699, Was $2,099 (19% Off) Best Affordable Innerspring Mattress: Brooklyn Bedding Signature Hybrid (Queen): Now $932, Was $1,332 (30% Off) Memory foam mattresses are known for their stellar pressure relief and are available in a range of firmnesses depending on foam density. With so much versatility among models, they can be a good fit for many sleepers. They're especially a great pick for couples since the material absorbs movement, keeping your partner's tossing and turning from disturbing your rest. Here are some of our favorite memory foam mattresses that are on sale right now. The Nectar Premier can satisfy a variety of sleepers, and we speak from experience after extensively testing it (see our Nectar Premier review for more info). The memory foam contours around your shoulders and hips for deep pressure relief without making you feel stuck in the mattress. This makes it a bit more responsive than some classic memory foam models: "The foam takes a few moments to bounce back to normal, so it does make you work a little harder to switch, but it's not enough to disturb you at night,' says one tester. The bed sleeps a bit warm, so our editors recommend upgrading to the hybrid model if you're an especially hot sleeper. More Deal Information: This mattress has been updated and seen a price increase since 2024. Although the original model was priced at $1,499, the overall discount appears larger due to the price increase. Our editors' pick for the best firm cooling mattress, the Tempur-LuxeBreeze is an excellent option for hot sleepers seeking a more supportive bed. When we tried it ourselves, it offered impressive motion isolation and temperature regulation. Plus, it comes in three firmness levels, including a medium hybrid design. The brand also offers free in-home delivery and setup along with a 10-year warranty. More Deal Information: Although the percentage off is a bit lackluster, this $500 discount matches the one we saw over the holiday weekend in 2024. Tempur-Pedic also does not run sales as frequently as many other brands on our list. A great option for back and stomach sleepers, this memory foam design is firm enough to keep your spine in alignment but has a soft, thick cover to help relieve pressure on the knees and hips. We found it to be dense and firm with a lifted feel, and it tested really well for motion isolation. More Deal Information: Both the sale price and original price of this mattress have decreased since last July. Over the 2024 holiday weekend, the Siena was on sale for $399 from $799. If you're furnishing a spare room, the Leesa Studio mattress is a great option. Named our best overall mattress for guest rooms, it's extremely affordable but doesn't skimp on features, offering three cozy layers including a breathable cover to help prevent overheating. Our tester found the bed to be slightly softer than Leesa claims, but added that this discrepancy 'makes it suitable for just about any sleeping position.' More Deal Information: This price matches what we saw last July 4, so it's likely the lowest you'll find this holiday. If you prefer an ultra-plush design, the Amerisleep AS5 is our top pick for the best soft memory foam mattress. It features pressure-relieving memory foam that's ideal for side and combo sleepers. Thanks to its durable material, it shouldn't sag or sink over time. During testing, we found it feels slightly cool to the touch and gently contours to the shape of your body, offering a relaxing and comfortable feel. It also tested well for motion isolation, a nice perk for couples. More Deal Information: Amerisleep often offers $600 discounts during holiday weekends—this price matches what we saw during Memorial Day. This mattress features Tuft & Needle's Flex, Adaptive and Release foam materials, which contour your body while you sleep and relieve pressure throughout the night. It's our top budget pick in our best memory foam mattresses story, offering a light bounce that supports you without letting you sink. Our testers found it's especially comfortable for back, side and combination sleepers. More Deal Information: Tuft & Needle typically offers 20% discounts during holiday weekends, but select mattresses can have a slightly higher markdown. If you're looking for more support or breathability, a hybrid mattress is a smart choice. By combining foam and coil layers, these models deliver the best of both materials—pressure relief, durability and airflow. With a wide range of firmness levels and comfort options, they're among our most recommended options. Below are standout deals on some of our favorites. Our pick for the best mattress of 2025 overall, the Helix Midnight Luxe has a pillow-top design that accommodates back, side and lightweight stomach sleepers. It has a balanced feel that's soft and cradling without the sinking sensation you sometimes get from memory foam. One tester called it 'the perfect mix of support and comfort.' It scored well in every key performance category: pressure relief, ease of movement, edge support, motion isolation and cooling. More Deal Information: Helix offered a 30% discount in 2024, but it has yet to surpass 27% off in 2025, even over mattress-centric Memorial Day weekend sales. The original price of the mattress has also increased slightly in price from $2,374. Named the best mattress for pressure relief by our sleep editors, the DreamCloud Luxe offers a cushiony-yet-supportive feel. We rated it a 9 out of 10 for pressure relief during testing, thanks to its plush pillow top that one tester described as 'sleeping on a cloud that has structure to it.' The most recent design has also been updated with more cooling and pressure-relieving properties. We recently tested it and found the new design feels similar to the last, but it features better edge support. More Deal Information: This mattress dropped by an additional $200 last July 4, so you may want to hold off for a better offer closer to the official holiday. The original price of the mattress has also dropped slightly from $2,499. We recommend the Bear Elite Hybrid for sleepers who want a plush, hotel-like mattress with good edge support, temperature regulation and motion isolation. It's also our pick for the best hybrid mattress for couples. It comes in three different firmness levels so you can choose the best one for your needs. However, we found the medium model to be comfortable for every sleeping position during testing. More Deal Information: The price of this mattress increased from $2,305 in 2024. While we saw a low of $1,499 during last year's sale, it may not reach that drop again due to the overall price increase. Heavier individuals who favor side sleeping should consider the Nolah Evolution Comfort Plus. Designed to accommodate up to 1,000 pounds total, this hybrid bed is among the best mattresses for heavy people. It has a solid 14-inch loft, plenty of support and cooling features to keep you comfortable through the night. Plus, its quilted Euro top and multilayered foam build makes the design a little softer than the average bed targeted to larger sleepers. Our plus-size testers described it as soft and pillowy yet supportive, but they did note its edge support is lacking. More Deal Information: This mattress saw a 35% discount over the holiday last year, so it may be worth waiting to secure that extra savings. If you're a hot sleeper, you should appreciate the temperature-regulating quilted top and breathable zoned springs found in this cooling mattress. Our team named it the best affordable hybrid mattress since it cushions the shoulders and hips while keeping the spine from sagging—especially for back and stomach sleepers. More Deal Information: This is a standard offer from Leesa during holiday weekends. Keep in mind, though, that the brand recently raised its prices, so this may not match the low deal price we saw in 2024. This hybrid mattress features Purple's signature GelFlex Grid and CoolFlex coils that regulate heat and wick away moisture to help you fall into a deeper slumber. It earned the title of best luxury hybrid mattress in our shopping guide, thanks to its impressive pressure relief, cooling properties and motion isolation. More Deal Information: Purple is currently offering a slightly steeper discount—up to $800 off—than what we saw over Memorial Day. The top recommendation in our mattresses for back pain story, this innerspring hybrid design uses a dual-coil base with a luxe European-style pillow top to deliver a supportive and comfortable feel. It's available in three firmness levels, so you can find your perfect fit. That said, we've tested all three models and scored the luxury firm an 8 to 9.5 out of 10 for all sleeping positions. Saatva also offers a longer warranty period than many other brands as well as free white glove delivery and mattress removal. More Deal Information: A $400 offer is often common from Saatva around holidays, and this matches what we saw last July 4. We consider the Leesa mattress the best cooling mattress for back pain because it has dual-coil layers and gel-infused foam to promote airflow and draw heat away from the body. Our testing found it's a great option for stomach, back and combination sleepers, but it may not be soft enough for some dedicated side sleepers. It also performed well with isolating motion and has sturdy edges. More Deal Information: This mattress' original price has increased by $200, up from $2,799 last year. So, while it may not reach the same low we saw in 2024, it's not uncommon for Leesa to offer 30% off over holiday weekends. The WinkBed is one of the most comfortable mattresses we've tested. Its plush and airy pillow top and superior motion isolation make it especially well suited to couples seeking a luxurious night of sleep. The design comes in four firmness levels, including a Plus model that's made for sleepers who weigh over 250 pounds. For those who like soft mattresses and routinely wake up with aches, we consider this model the best plush mattress for back pain. More Deal Information: This is a standard offer from WinkBeds. If you're looking for a quality hybrid mattress for under $1,000, we recommend the Brooklyn Bedding Signature, which we named our favorite affordable hybrid. Mattress and sleep editor McKenzie Dillon says, 'In a sea full of online mattresses, I think of the Brooklyn Bedding Signature as like the Toyota of beds: reliable, reputable and comfortable, without having to be the high-end pick.' Even with the competitive price, it has quality features like strong edges and ease of movement. You can also add a plush 2-inch pillow top for an extra fee to give it a touch of luxury. More Deal Information: This brand often offers 30% off during holiday events, so this is likely the best price you'll see over the 4th Of July. The Titan Plus Luxe is a medium-firm, sturdy option for heavier individuals, and we named it the best mattress for heavy people in our dedicated roundup. It's a great choice for back, side and combination sleepers who need solid support and pressure relief. Our plus-size testers gave it high remarks for motion isolation and overall support. Learn more in our full Titan Plus Luxe review. More Deal Information: This is a typical offer from Brooklyn Bedding during holiday weekends and matches the discount on Titan's own site. If you're looking for a more sustainable option, the Avocado Green is made with natural materials like GOLS-certified latex foam and GOTS-certified New Zealand wool. It's our pick as the best organic mattress since it can support a variety of sleepers, including those who run hot or experience allergies. It comes in three firmness levels that range from extra soft to firm. See how they performed during testing in our Avocado Green Mattress review. More Deal Information: This is a standard offer from Avocado during the 4th of July. Yes, the 4th of July is usually a good time to buy a mattress. Holiday weekends typically bring about solid mattress sales. Last year, we saw offers comparable to those advertised around Presidents' Day and Memorial Day, which are often known for their mattress sales. Which Holiday Is The Best Time To Buy A Mattress? The 4th of July comes with plenty of worthwhile mattress deals. However, the absolute best time to buy a new bed is typically during Cyber week—the fall shopping holiday is when we often see the lowest prices. That said, if you can't wait until November for a new mattress, holiday weekends are still a great time to shop for deals. What Is A Reasonable Price For A Good Quality Mattress? A reasonable price for a good quality mattress depends on a variety of factors, like your budget and preferred mattress type. On average, you can expect to spend a bit less on foam mattresses compared to their innerspring and hybrid counterparts. For instance, the Nectar Classic, our favorite affordable mattress overall, is a classic memory foam design that's available for under $700. However, if you're looking at an innerspring, hybrid or organic mattress, you could easily spend closer to $2,000, if not more. Our favorite mattress overall, the Helix Midnight Luxe, is a hybrid design that tested well across all categories. It's currently on sale for $1,751 with code FORBES27. How Do I Get The Best Price On A New Mattress? Before investing in a new bed, it's important to decide the type of mattress you need based key factors including your sleep position and comfort preferences. (For more help, see our best mattresses of 2025 buying guide.) Then, follow the steps below, and reference curated deals roundups like this one to ensure you're finding the best deals available. Figure Out What Type Of Mattress You Want The first step to finding the best price on a new mattress is knowing exactly what you're looking for. There are countless options available online and the search can feel overwhelming if you don't have an initial framework. Knowing your preferred material and firmness level can help narrow the scope and make the search less intimidating. If you're not sure what type of bed you want, consider browsing our mattress shopping guide. Once you decide on the general type of mattress you're looking for, it'll be easier to get an idea of what price range you can expect—for example, pillow-top mattresses tend to be more expensive than pure memory foam designs. Research The Bed's Price History Price history research takes time, but it will give you the best idea of what is (and isn't) a good deal. Mattress brands are almost always hosting sales. By searching recent events—like Memorial Day mattress sales or even 2024 Black Friday mattress sales—you'll be able to see how low a bed has dropped in the past year. This can help you determine whether the current offer is out of the ordinary. Keep in mind that some retailers will change their beds' MSRPs between sales, which can impact the overall discount you see advertised. You'll also note, we have added relevant price history to each of the mattress options above. Take Advantage Of Special Offers If you're choosing between two similar deals, it's time to get granular. Special offers like lifetime warranties, ample trial periods and free white glove delivery can add more value to one bed over another. Some brands also offer extras like a free bedding bundle with your mattress purchase. If you already intend to invest in new bedding, having it bundled into the cost of your mattress can help you save overall. Why Trust Forbes Vetted We combined our extensive mattress and sleep knowledge with our deal-reporting expertise to bring you the best 4th of July mattress sales. A mattress is a big investment even when it's on sale, and we're committed to helping our readers score truly great deals on truly great products. This story was co-authored by Forbes Vetted senior mattress and sleep editor Bridget Chapman. Chapman is a certified sleep science coach and has personally tested over 2oo mattresses. Her expertise includes keeping in-the-know on sleep trends, conducting in-depth research and conversing with experts in the space. Co-author Jordan Thomas is Forbes Vetted's assistant deals editor who specializes in scouting out deals and vetting them through tracking and online tools. Most of the mattress brands and models featured in this story have been researched and/or tested by our sleep team. We know what to look for in a quality mattress and how to match the best beds with different types of sleeper needs and preferences. Our seasoned deals team tracks and reports on deals year-round, including during holiday sale events. They know how to research and verify the best prices on the best products, ensuring they're legitimate discounts—not false marketing promises or markdowns from inflated prices. This story will continue to get updated over the holiday weekend to ensure all pricing stays accurate, all deals are still live and to add more sales as they roll out.
New York Times
18 minutes ago
- New York Times
Where the Giants' pitchers rank first (or last) halfway through the season
Welcome to the second installment of outlier statistics, where we search for the Giants or their players who rank first or last in the National League. Last time we looked at the hitters, and it got dark. Apologies for that. This one will be about the pitching, which should be more fun. Here, we'll start with an easy one, just to get our rhythm back. Advertisement This is like when the doctor explains the procedure to you so that you're not as scared. See? Numbers can be normal. Statistics can be expected. Here's something you probably could have predicted before the season started. Logan Webb is pitching even better than expected, and you can read all about his outstanding season here. Also, that doctor's trick never works with me, either. More than any other team in baseball, Giants pitchers are freezing their opponents with pitches in the strike zone. It makes sense when you consider the weirdos on the staff, specifically Webb and Tyler Rogers. They're not like other pitchers. Batters think they're ready for anything, and then Rogers throws a 83-mph flutterball that phases in and out of existence. Of course you let that pitch go by. Webb's ability to surprise might not be as dramatic as Rogers', but there are more opportunities for him to get a called strike. Two pitchers on a 13-man staff could already affect the numbers disproportionately, but there's one more outlier to consider: Patrick Bailey, who leads the National League in catcher framing runs. He's finding some of these strikes. I'm not sure how meaningful or predictive these rankings are, but I can't imagine any context in which they'd be bad stats to lead the league in. They're free strikes, and they come without the potential penalty of a hit. It's free real estate. Take all you can get. This is almost certainly related to the last one. You can't foul a pitch you don't swing at. And like the previous stats, I'm not sure if this is predictive or sustainable or anything other than amusing. Advertisement It's amusing enough to mention here, though. Giants pitchers get a lot of swings and misses, and they get a lot of called strikes. It all adds up to the lowest foul-ball percentage in the majors. That's fewer opportunities for ball dudes to trip over a rosin bag, and it also means fewer souvenirs for fans, but it seems like a neutral stat at worst. Oh, it doesn't feel like it sometimes. As I'm writing at this very second, Camilo Doval is trying to protect a two-run lead in the ninth inning of Wednesday's game. He just allowed a leadoff single. Let's see where this goes. Ah. Yeah, there are days when it definitely doesn't seem like the Giants bullpen has the lowest ERA in baseball. But they do, and the ballpark can claim only so much credit. Turns out that Giants relievers can pitch the heck out of the ball. A low batting average allowed isn't always within a pitcher's control, so you might be tempted to write this stat off as luck-based. I'm not so sure, though, and not just because the team's average allowed is pretty close to their expected average. Here are two other stats the bullpen is leading the league in: Giants relievers are getting hitters to make weak contact and beat the ball into the ground. Seems like a good idea. That's just about the best strategy a pitcher can have, other than missing bats entirely, which the bullpen is also good at. And that's the story of how the Giants won the 2025 World Series behind the greatest bullpen the game had ever seen, because there are certainly no other statistics that can interrupt these fun facts. If you're someone who gets annoyed at all the newfangled stats, I get it. I've read impassioned rants from people who believe ERA- is vastly superior to ERA+ and think the distinction is the most important issue facing society today. Those are hours I'm not getting back. Advertisement Here's a helpful stat that seems newfangled, then, but is actually as tried and true as batting average. When a pitcher — or an entire team — is really good at stranding runners, be suspicious. Maybe they possess a magic ability to pitch better when they need to the most, but it's more likely just good timing that's unlikely to continue much longer. Giants relievers have been great at preventing baserunners, but they've also been great at stranding the ones that do reach. Stranding runners is what they're actively trying to do in those situations, so it feels weird to be dismissive and call it a product of luck instead of skill. Pretty sure every pitcher alive would disagree, and their collective opinions should count for plenty. Still, it's important to note that high LOB% rates don't tend to correlate with … anything, really. It's not a sign of a particularly strong bullpen underneath the hood, or the result of a high-octane bullpen that gets tons of strikeouts. It's not something that sticks with groundball staffs from year to year. It really does feel like the LOB% fairy visits a few teams every year to sprinkle them with the good dust, before visiting the other teams and making a horrible mess in the bathroom. Good luck predicting which teams are which. One of the stranger seasons from a reliever in recent memory. Miller has a 1.50 ERA as of Thursday, and of the 128 batters he's faced this season, only five ended up scoring. That's great! It's also completely bananas when you consider how many runners he's allowing to reach in the first place. He's walked 20 in 30 innings and hit three more, with the league posting a .373 OBP against him. That's not awful on its own, but it's incredibly suspicious when paired with a strikeout rate in freefall. And Miller's strikeout numbers are way down this year, even though it doesn't seem like he's doing anything differently. He still throws in the upper-90s from the left side. He still has a changeup that can make hitters look silly when it's right. He can still snap off some good sliders. Pitchers like this generally don't lose strikeouts for no reason. Either way, his ERA is probably shinier than it should be. Just a heads up. I love this pairing so much. The Giants are the best at preventing hard hits, but that's because they're the best at allowing kinda-hard hits. Is that something a team wants to lead the majors in? Maybe we should say they're the worst at allowing kinda-hard hits. Except it's probably a good thing in this context. Advertisement Either way, this is a pretty good way to sum up the Giants pitching staff. They don't allow a lot of contact. When they do, they don't allow hard contact. They do allow a lot of medium contact, but if it's a reliever, most of it goes on the ground. Shake it all up, and you have what might be the most effective bullpen in the majors and one of the most effective staffs overall. It's giving them a chance to compete. Which means you should get extra anxious when they're hitting. More than usual, even. Look at how many fun pitching stats the Giants are leading the world in! They can't possibly waste this kind of pitching, can they? Boy, it'd be a shame to waste this kind of pitching. Feels like you're not getting anxious enough. C'mon, it takes the pressure off the hitters, try it, let's get super anxious, here. Deep breath, counting down from 3 … 2… (Top photo of Robbie Ray: John Hefti / Imagn Images)
Yahoo
an hour ago
- Yahoo
Expert's 'crucial' money tactic to retire with $2.9 million: 'Get there faster'
Hitting your first $100,000 in investments is a major milestone. It's not just because of the number itself, but because building your first $100,000 is the hardest part of building serious wealth. Once you reach this point, thanks to the power of compounding, everything beyond gets easier. But it takes more than just good intentions to get there. Structure, habits, and the right tactics are crucial, and making the right moves at the right time will ensure you get there faster. Inheritance warning ahead of $5.4 trillion transfer as 'avoidable' money 'traps' exposed Aussie earning $300,000 a year in job after completing three day course Centrelink act costing 'hardworking' taxpayers Before you start getting serious with your investing, you should take the time to get crystal clear on why you're doing this. When you're clear on the ultimate goal you're working towards, this will give you a big motivation boost that will keep you pumped up to make it happen. Once you have your 'why', from there you need to focus on what you need to do to get there. When you're working towards a big goal it can seem a little overwhelming, but when you break your big goal down into smaller steps, it quickly becomes more is important, but it's not more important than being financially stable. If you're carrying high-interest debt like credit cards and personal loans, it's like trying to fill a leaky bucket — and you're burning a lot of money in dead interest costs. With average interest rates around 15 per cent on personal debts, the return you'll get from paying down debt is higher than the long-term return on the sharemarket. This means you'll get some serious upside from focusing on your debt before you start looking to grow your money. Beyond debt, having a savings buffer or emergency fund will protect you from the unexpected as you're looking to grow your money. It also means that when it comes time to invest, you won't be forced to sell investments when something unexpected comes up. Einstein called compound interest the eighth wonder of the world, and in my opinion, he was understating it. For a 20-year-old today, investing just $10 daily based on the long-term sharemarket return of 9.8 per cent would see this money grow to be worth $2,972,483 by age 65. Consistency is a winning strategy when it comes to investing, and trying to find the 'best time' to invest is almost impossible. Research from Forbes shows that if you're not investing consistently and miss out on even just the best 10 days in investment markets over a 20-year period, you can miss out on half of your returns. This is why 'dollar cost averaging', or investing a fixed amount of money regularly over time, works so well. When you take this approach, you smooth out the ups and downs of the market, and your money stays invested for the long term — so you can pick up on the sorts of returns mentioned in the example above. The biggest benefit of buying property is that you combine your savings with the bank's money, and are then able to purchase an investment that's much bigger than you can get with your savings alone. Once you have this larger investment behind you, you benefit from the growth on a larger pool of money, meaning you'll get ahead faster. Buying property does come with risk that's important to manage, and this is why it's so important you're smart with your planning, but this is all achievable with the right approach. Take the time to understand the cash flow of your property purchase, put a buffer in place for changes to interest rates, rents, and your own situation, and this way you'll be well-positioned to ride out whatever comes next. When you get this right, you'll see more growth in less time and make hitting your money goals happen easier. Making money is one thing, but keeping it is another. Tax is one of the biggest and most overlooked barriers to growing your money, particularly as your investments start to build. The good news is that with the right strategy, you can cut your tax bill by thousands of dollars every year, and use those savings to hit your $100,000 milestone faster and easier. There are a few hacks you can use to be smarter with your tax. From negative gearing, debt recycling, super contributions, and even maximising your work-related deductions — these are all strategies that can help you legally keep more of what you earn. If this all still feels overwhelming, it doesn't mean it can't be done — it may just mean you need some quality support. Using a good accountability partner, coach, accountant, or financial adviser can help you learn some of the pro tactics that accelerate your progress, avoid information overload, and eliminate costly mistakes. The right approach here will remove the guesswork and help you stay the course, making the progress you're looking for. Getting to your first $100,000 isn't just about the numbers. It's about building financial habits that scale, so your next $100,000 takes half the time. Start small, invest consistently, automate as much as possible, and let time do the hard work for you. Whether your goal is serious long-term wealth, or just your first home, your first $100,000 is the milestone that puts you on the path — and once you get there, everything that comes beyond will get easier. Ben Nash is a finance expert commentator, podcaster, financial adviser and founder of Pivot Wealth. Ben's new book, Virgin Millionaire; the step-by-step guide to your first million and beyond is out now on Amazon | Audiobook. If you want some help with your money and investing, you can book a call with Pivot Wealth here. Disclaimer: The information contained in this article is general in nature and does not take into account your personal objectives, financial situation or needs. Therefore, you should consider whether the information is appropriate to your circumstances before acting on it, and where appropriate, seek professional advice from a finance in retrieving data Sign in to access your portfolio Error in retrieving data
