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Why YOUR FIRST £100k Is The MAGICAL Number For Reaching £1m | Charlie Munger

📢 Order our bestselling book 📕, Financial Joy: https://geni.us/financialjoy. ✅ BONUS INVESTING WORKSHOP DETAILS ✅ As a MASSIVE THANK YOU for pre-ordering our book BEFORE 28 March 2024, we're offering you a bonus 2-hour workshop 😍 Title: "Master Your Money: Investing in Today's Economy" Workshop Date: Wednesday, 3rd April 2024, 8 pm - 9.30 pm GMT. Please diarise 📅 ------------------------------------------------------------------- Charlie Munger (closest partner to Warren Buffet) said that the first £100k is what you need to build wealth to reach £1m one day. Today, we explore the Maths behind Compound Interest and why saving and investing up to £100k, $100k, or €100k matters for building your wealth for Financial Freedom. Learn to invest your first £100k: https://thehumblepenny.com/super-simp... How To Save Your First £100k -    • How I SAVED MY FIRST £100,000 Aged 38...   Achieve 7% Average Return With These Vanguard Index Funds and ETFs - https://thehumblepenny.com/best-vangu... FREE Download of our Compound Interest Calculator: https://thehumblepenny.com/compound-i... READ THE BLOG POST: https://thehumblepenny.com/investing-... ★★ SUBSCRIBE TO OUR CHANNEL HERE ★★ https://www.youtube.com/thehumblepenn... ★★ OTHER INVESTING VIDEOS ★★ How To Invest During ANY RECESSION *without worry* (2023) -    • How To Invest During ANY RECESSION **...   How To Build an Investment Portfolio For Beginners (By AGE) -    • How To Build An INVESTMENT PORTFOLIO ...   How To Invest £100/month -    • How to Invest £100 pm in 2024: 7 UNUS...   HOW TO INVEST £1000 -    • HOW TO INVEST £1000 | 9 BEST Ways To ...   How to INVEST IN STOCKS for DIVIDEND Passive Income -    • HOW to INVEST IN STOCKS for DIVIDEND ...   ETFs vs INDEX FUNDS | How To Invest Money In Stocks UK -    • ETF vs INDEX FUNDS 2024 | How To Inve...   Should You PAY Off MORTGAGE Early vs INVEST? or BOTH? | UK -    • Should You PAY Off MORTGAGE Early vs ...   Pension vs ISA? How To Save Money | How To Invest Money UK -    • Pension vs ISA? How To Save Money | H...   Investing For Children (Make Your Child a Millionaire) -    • Investing For Children: How To Make Y...   Investing For Beginners UK (STEP-BY-STEP GUIDE) -    • How To INVEST IN STOCKS for BEGINNERS...   ★★ EQUIPMENT USED ★★ Canon EOS M50 Camera - https://amzn.to/2zcz1K0 Canon EF 24 - 70mm F2.8L Lens - https://amzn.to/2lFwdRQ Canon EF 50mm F1.4L Lens - https://amzn.to/2lF6Sr9 Manfrotto Tripod - https://amzn.to/2YC3Sto Rode Microphone - https://amzn.to/2lFs0O2 Abeststudio Lights - https://amzn.to/35Wjj3J ★★ ABOUT US ★★ MARY: I'm married to Ken and we have two boys aged 6 and 4. I'm a Londoner, born in Hackney! :) Day to day, I run the operations of The Humble Penny as a creative - doing everything from marketing to video editing. I studied Multi-media design and technology at Uni. KEN: I'm a husband, dad, and a First-Generation Immigrant to the UK. I started life poor in the UK and I've spent the last 20 years on a steep journey of Personal Development. Former CFO with over 12 years experience in the investment business. I'm also a Chartered Accountant and hold an MBA from Cambridge University. ★★ WANNA CONNECT? ★★ Email - [email protected] Blog - https://thehumblepenny.com Insta -   / thehumblepenny   Pinterest- https://www.pinterest.co.uk/thehumble... Twitter -   / thehumblepenny   Facebook -   / thehumblepenny   ★★ OUR ONLINE SCHOOL ★★ Visit our online school at Financial Joy Academy for Video Courses: https://www.financialjoyacademy.com/ ★★ TIME STAMPS ★★ 0:00 - What Charlie Munger said 2:03 - The 2 Scenarios I'll cover 2:57 - Scenario 1: Impact of 7% Growth on 100k 3:38 - Reaching Your First 100k 3:57 - How every 100k grows quicker 5:16 - Scenario 2: Impact of 5% Growth on 100k 6:13 - Why Your First 100k Matters So Much 10:04 - The Reality of Getting Your First 100k 12:32 - Why You Should Stay Realistic 12:49 - What If Your Stocks Have Been Falling? 13:44 - Conclusion ★★ About this video ★★ Why YOUR FIRST £100k Is The MAGICAL Number For Reaching £1m | Charlie Munger Massive thanks for watching and following our channel :) ♥ Best, Mary and Ken Okoroafor NOTE: For FULL Transparency, some links above may be Affiliate Links. We do NOT offer Financial Advice. #stockmarketforbeginners #charliemunger #compoundinterest