Charlie Munger: Why the First $100,000 is Hard (And the Next is Easy)

Charlie Munger: Why the First $100,000 is Hard (And the Next is Easy)

Famous BILLIONAIRE investor and Vice Chairman of Berkshire Hathaway, Charlie Munger believes that the first $100,000 is the hardest on the road to wealth. It's not just him though, most people think saving their first $100,000 is one of the most challenging milestones to achieve.

We’ll be revealing the real reason why Charlie Munger believes it’s so hard to achieve your first $100,000 and the next one is easy. And believe us this will change your life, forever!

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[Riggsnic_co]

I believe investors should focus on under-the-radar stocks, especially given the present rollercoaster nature of the stock market. 35% of my $270, 000 portfolio consists of collapsing stocks that were previously respected, and I don't know where to go from here.

[MegatPage]

I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.

[Susanhartman.]

As an investment enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make decent returns

[azizkandil]

I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing!

[cardinalsmithson]

With inflation running at a four-decade high, a Recession is now the ‘most likely outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making about $250k profit in this current crashing market, and I need ideas on how to achieve similar profits

[lawerencemiller]

I learned investing by throwing myself into the fire and figuring it out along the way. Sometimes, the best way to learn isn't through books, courses or videos. You'll learn the most by actually doing it and making a ton of mistakes.

[ClementRusso]

I've sold a property in Michigan and I’m considering investing the proceeds in stocks. With the current market optimism, I'm unsure if it's the right time to buy stocks and how long it will take for a full market recovery. I'm also puzzled by how some are making substantial gains of over $320k within months in the same market

[GillerHeston]

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.

[Franklin]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

[GraceBrian]

*Fascinating!!! This video is a good approach to learn how to invest and It’s a must to invest but jumping into it without sound knowledge can be very risky so read below for more info*

[c.t.u.o]

I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $90k more into the market. I heard people are making really great returns despite the downturn. Any recommendations?

[britney_david]

Please i need help, I lost tons of money on live trade, I thought is the same as demo trade because i was winning in my demo account. This is really frustrating and overwhelming. Where do i start please.

[doragary]

When you're wealthy like me you would understand how the world revolves around money 💰
I hope you all get rich 🥰

[TeresaBrickle]

I'm one of those who started late 2020 then went in heavy 2021, moved my pension and invested across areas in the financial market. I'm currently $30k down and I mean in the red, not lost gains. I had a wobble yesterday evening, decided to pull $1, 000 out of several funds to pay off the last $10k of my mortgage (I'm 31) . But later, had a think and canceled those orders. Got to hold on, in 2/3 years it may look completely different. Putin can't last forever, as long as I'm level with inflation I'll be happy I mean, where else can people put their money?

[davidOmoL]

Nice video as always. I'm here to learn more about investing after listening to a guy over the air talk about the importance of investing and how he made $325, 000 in 4months from $140, 000 startup. This video somehow has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas

[chrisgrover]

Arnold Schwarzenegger says the first million is the hardest so start with the second million.

[joandlane]

Thank you for sha-ring your thoughtful content…for
putting it out there with the passion that many of us need and strive for. I'm sta-rting to listen to you
almost every morning. Your voice and words are
calming, clarifying, uplifting and motivating. It feels real and genuine. I am grateful to have your channel as a source for having a better relationship with myself and the world around me?

[heinvu]

With the current problem around the world today I think it's best everyone invest more in digital asset than Saving in banks, anyone you can manage don't live a life with no investment . Just my thoughts

[phil_]

At $45, 000.00. $55, 000.00 to go. Just need the market to go back up to accelerate the goal. Gotta spend less than you earn. I paid off my car in 2022 so that should add $20k in 2023!