Charlie Munger: How to Make Your First $1 Million (5 Steps)

This video is about Charlie Munger's advice on how to make your first million dollars. Many people want to learn how to get their first $100,000 saved and invested and eventually hit the $1 million mark. This advice from Charlie Munger focused on compound interest, investing, and business is some of the best wisdom from legendary investor Charlie Munger. Charlie Munger is the Vice President of Berkshire Hathaway and manages the investment portfolio for the Daily Journal Corporation. He is well known as Warren Buffet's business partner. The wisdom from Charlie Munger is sourced from various Charlie Munger interviews throughout the years.

After watching this video you will have a better understanding of the following topics: How to make your first million dollars, how to get rich, Charlie Munger's investment advice, Charlie Munger's wisdom, how to make money, Charlie Munger first 100,000 dollars, investing for beginners, how to build wealth, Charlie Munger's advice on investing, Charlie Munger's Alibaba investment, compound interest, value investing, and more!

Link to Investor Center Patreon where I post all the tools and resources I personally used to grow my portfolio to $300,000 at 24 years old:

[WayneJohnson-cuqp]

I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.

[JosephineGaule]

Many seasoned investors understand that an investor must be both a dividend and a growth investor. For instance, if I managed to make a 1000% gain on Tesla and then pulled 85% of the profit out and decided to invest it in a lot of more stable dividend stocks like CVX, I would say diversify, but also use those growth opportunities to build capital to invest in dividend payers (or in cash flowing real estate). This is how I made my first million, and I also use an FA, her name is Olivia Rene Reyes. Best wishes!

[tahirisaid]

I started my own business this month and I am meeting with my first client today. I retired last yr at 55 with 3 houses paid off worth 4.5 million. I will have an income stream of $20, 000 per yr through my business which gives me total $100, 000 a yr to live comfortably. I realized that the secret to making a million is making better investments.

[Azul_wells]

Almost everyone, including the media, is anticipating a market catastrophe, and as a result, many are turning a blind eye to the opportunities in the market. I began investing in stocks and Def earlier this year and it is the best choice I've ever made. My portfolio is rounding up to almost a million and I have realized that when a stock makes it to the news, chances are you're quite late to the party, the idea is to get in early on blue chips before it becomes public.There are lots of life changing opportunities in the market, maximize it

[rickyguitierrez]

Once everyone starts talking about a specific stock and it's all over the news the best time to have already invested in that company has already passed. avoid hype- you don't want to be paying more for stock than what it's wort.

[Pammulli_]

We read news in the media that doom and gloom is coming and we just accept it, doom and gloom doesn’t always have to be coming, I’ve read numerous success stories of people that are pulling off tremendous gains of up to $250K within weeks in this crazy market and I just want to learn how to achieve such figures.

[sandro-nigris]

I love the video, nicely done, great job! Thanks.

[brainchilddesigner]

This is one of the most concise intro to investing videos I've ever listened to.
Very well done.

[Dratini]

“When he applied to his father's alma mater, Harvard Law School, the dean of admissions rejected him because Munger had not completed an undergraduate degree. However, the dean relented after a call from Roscoe Pound, the former dean of Harvard Law and a Munger family friend.”

It’s always about who you know, not how hard you work.

[jeffvandaveer]

Great vid....thankyou for all your time and research!

[Steve_Gouws]

Another great video. Love Charlie Munger’s teachings. Thank you.

[korykhan]

You are awesome for putting this inspirational video together. Thanks

[sumaiaakter]

So informative. You got a new subscriber.

[CyFoxDen]

The 100k goal makes so much sense! Thank you!

[straightngoodlookin]

Thank you very much I appreciate you taking the time to put this together and get me started

[ChaceBonanno]

It’s as simple as making as much as you can, spending as little as you can, and investing the difference.

[Sivutulojajasijoituksia]

Interesting and inspiring video! Thank you. 💎

[SarovokTheFallen]

If you can earn 20K from working 1 hour per day, why the hell are you working 8 hours per day for 50k? That 20K really came out of thin air...

[MrMowww]

Great video BTW at 24 you're on the right track and well on the way to your first million!

[mudge]

He was born into a pretty comfortable and quite prominent family. His grandfather was a FEDERAL judge and his great great grandfather was a land and banking tycoon in Iowa. So don't kid people.