Why The First 100K Is The Toughest But Most Important : Charlie Munger Investing Secrets

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I talk about why Charlie Munger says that the first 100k saved is the toughest. Using compound interest I run through some examples looking at how hard it is to save and invest your first $100,000 and eventually become a millionaire. Charlie Munger is the right hand man to Warren Buffett as well as the Vice Chairman of Berkshire Hathaway

Why The First 100K Is The Toughest But Most Important : Charlie Munger Investing Secrets

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#CharlieMunger #WarrenBuffet #MichaelRomero

Legal Disclosure: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable or responsible for any losses you may incur for investing and trading in the stock market in an attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!
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I just got my first 100k chip. Now focused on getting to 500 for a final destination

Canadian_Networth
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I'm Almost there, maybe 2 more years haha

onlygrowthincome
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So far I'm at about $70k between 401k, roth ira, taxable acct, savings/checking and cash in my safe. I can already see it compounding and slightly speeding up. Slow & steady baby

MrTedTederson
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Dope video homie...you right on that..

eliomora
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Nailed it as usual cuz !!! Great video!!!

Blessedbloodlinekennels
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love it Mike. very inspirational. have you heard of covered calls? the amount I make from covered calls is starting to be more than how much I deposit. it’s such a great feeling cuz my account isn’t that huge either ($350k). and those are gains on top of my gains.

rooting for you 👊

bloodphantom
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Where does the 7% return come from tho? Dividend?

carlosortiz