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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. Subscribe for Real Estate, Banking, and Finance. Inspired by: Graham Stephen, Proactive Thinker, How Money Works, and Chris Invests. Inspired by: Proactive Thinker - How Saving $100,000 Changed My Life    • How Saving $100,000 Changed My Life   Chris Invests - Why the First $100k is so Hard (And the Next is Easy)    • Why the First $100,000 is so Hard (An...   Thomas Goldstep Finance - Charlie Munger: Why your First $100k is the MAGICAL number for Generating REAL WEALTH    • Charlie Munger: Why your first $100k ...   Alex Hormozi - Why The First $100k is the Toughest - Charlie Munger Secrets    • Why The First $100k is the Toughest |...   Also Check out How Billionaires ACTUALLY Made Their Money    • Top 1% Use These Secrets To Make Thei...   At Money Center, we will go through Real Estate, Banking, and Finance. Inspired by: Graham Stephen, Proactive Thinker, How Money Works, and Chris Invests. For business inquiries (or just say hello): [email protected] Subscribe here: bit.ly/themoneycenter RIGHT NOTICE: The Copyright Laws of the United States recognize a “fair use” of copyrighted content. Section 107 of the U.S. Copyright Act states: “Notwithstanding the provisions of sections 106 and 106A, the fair use of a copyrighted work, including such use by reproduction in copies or phonorecords or by any other means specified by that section, for purposes such as criticism, comment, news reporting, teaching (including multiple copies for classroom use), scholarship, or research, is not an infringement of copyright.” This video and our YouTube channel, in general, may contain certain copyrighted works that were not specifically authorized to be used by the copyright holder(s), but which we believe in good faith are protected by federal law and the fair use doctrine for one or more of the reasons noted above. Fair Dealing: Copyright, Designs and Patent Act 1988 (UK) section 30 states “Fair dealing” with a work for the purposes of criticism or review, of that or another work, does not infringe any copyright in the work provided that it is accompanied by a sufficient acknowledgement. Copyright in a work is not infringed by the use of a quotation from the work (whether for criticism or review or otherwise).-----------------------------------------------------------------------------------------------------------------------