The provided text is an excerpt from a YouTube video transcript by a chartered accountant named Nisha, who explains why achieving the milestone of saving $20,000 fundamentally changes an individual's financial life. Nisha outlines four key reasons for this shift, beginning with the psychological change from operating out of scarcity to having greater financial well-being, noting research from Vanguard showing even small savings boost confidence. The second reason is the momentum created by compound interest, illustrating how subsequent savings milestones are achieved much faster once the initial $20,000 is working for you. Third, the explanation emphasizes that the difference is not access to exclusive investments but simply better mathematics, as larger amounts of money translate small percentage gains into significant dollar returns. Finally, the transcript stresses the importance of having built the discipline and habits necessary to achieve the initial savings goal.Source :NischaYouTube Channel