Charlie Munger: Saving 100k Will Change Your Life
Charlie Munger: Saving 100k Will Change Your Life
For most people, the idea of having a six figure net worth is the ultimate mountaintop: scary, perhaps reachable, but only with great preparation and a lot of hard, slow climbing.
But those that have made it to that first $100,000 often say that the next 100k is much easier.
Why is that first milestone so difficult? And how do we reach it faster?
Charlie Munger is the vice chairman of Berkshire Hathaway, the investment conglomerate owned by Warren Buffett.
He’s a billionaire, but he has some clear advice for those just starting to work their way up the tax brackets:
“The first $100,000 is a bitch (bleep out), but you gotta do it. I don’t care what you have to do… find a way to get your hands on $100,000. After that, you can ease off the gas a little bit.” (can
You might think that with billions in net worth, Charlie had long ago stopped thinking about hundreds of thousands of dollars, but apparently, he still remembers that first 100k as a major battle, the biggest in his life.
Why is it so much easier to build wealth once you hit that first one hundred thousand?
In today’s video we look at Saving 100k Will Change Your Life…Keep waiting to see why $100k will lead to your first Million.
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Inspired by: Graham Stephen, Proactive Thinker, How Money Works, and Chris Invests.
Inspired by:
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Inspired by: Graham Stephen, Proactive Thinker, How Money Works, and Chris Invests.
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