Charlie Munger: How to Get Rich Starting at $0

(#passiveincome , #stocks , #investing)
What Charlie Munger taught me about how to get rich talks about Charlie Munger’s advice on how to get rich and build wealth. A lot of videos claim they will help make you rich….. but these 5 wealth buildings principles from Charlie Munger actually will. When you type in the words how to get rich here on YouTube or in the Google search bar, you get flooded with all sorts of get rich quick schemes. The search results are full of people trying to make themselves rich by selling you some overpriced course on anything from how to day trade penny stocks to how to supposedly make millions selling your own online course. These get rich quick schemes don’t work. Instead, my goal in this video is to discuss a set of wealth building principles that you can begin applying to your own life today. These principles don't come from me, they come from billionaire and legendary investor Charlie Munger. Munger is the Vice President of Berkshire Hathaway, a company currently valued at roughly $600 billion and better known as Warren Buffett’s right hand man.

I'm not joking when I say I have spent hundreds of hours studying Charlie Munger. I have watched nearly every interview he has given and every piece of publicly available writing he has produced over his nearly 100 years here on earth. I'm going to boil all of those countless hours down to the 5 principles you need to know to start building wealth today. These principles have been extremely beneficial in my life, helping me hit a half million dollar networth having just turned 25 years old last month. I know you will find them valuable too.

[michealwilliam]

i have been making losses trying to make profit trading crypto. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do?

[BH-syqt]

How does Youtube not block all these bitcoin parasite bots infecting every financial channel?!

[dipaknadkarni]

Congrats to you.
If the market goes up about 10% per year you will be a millionaire.
Keep up the great work.
I am teaching my nieces and nephews in their teens the power of compounding.

[rohitmenon]

I like the brand you're building with your channel.

[peacefulyou]

Spend money on things that are either assets (tangible or intangible), or at least potential investments. Spend very little to no money on things that hold no current value or value overtime. This is a mindset that needs to be implemented. Assets and investing is literally how you get rich. I’m rich by the way.

[Whiteboard]

When something as easy as 'subscribe' is like money. Subbed! Really helpful info.

[Draega]

Wouldn't it be easier to invest your money until you've invested $100, 000? It would take me almost 30 years to just save $100, 000, so I would be 67 years old before I started investing if I went that route.

[raghukasetty]

Important information on the videos. I wait for your new videos. It would be great if you can release two or three videos week your videos have tons of useful information. Thank you!

[arigutman]

I have learned that patience is everything in the stock market… invest for the long-term and then remain PAYtient. It will PAY off…

[michaelkeschinger]

now, what investment actually has a 12% return?

[SaurabhTiwari]

Learning your lessons is very important. Learn from Rome’s fate. Your true story.

[pinkpanther]

Really nice videos and I appreciate the narrators pleasant voice. Mr Munger in a video is barely understandable, no offense. Would be better to just narrate what he says. Still, the content is great, thank you.

[AwsomePossum]

Why is it best to calculate intrinsic value with estimated FCF rather than Ben Graham's formula? It might be a ridiculous question, but I'll take that... I'm trying to learn.

[thomascarter]

Welche Bücher empfehlen Sie, um mit dem Trading zu beginnen?

[sugarly]

It's hard to do value investing these days

[cirentXD]

In that 500k networth, do you include the value of your home or just the equity in it? I think only the equity should count towards networth. If you don't have a home, is your networth in stocks or cash or a business or another asset?

Congratulations on your journey. I turn 23 later this year and and have built my networth to 150k, but I had a lot of help getting there. My engineering degree and housing, over the last 5 years, were 90% funded by grants and scholarships. Family definitely supported my endeavors, too

[michaelhatico]

Hello
I enjoy your content and would like to talk to you off channel.
I have followed your channel and some tips, I have my own business and several investment accounts. Now want to learn how to leverage more.

[h.a.s.]

Ecclesiastes 9:11
11 I have seen something else under the sun: The race is not to the swift or the battle to the strong, nor does food come to the wise or wealth to the brilliant or favor to the learned; but time and chance happen to them all.

[SamirSoriano]

Can you speak a little more to how compound interest works with stocks?

[Bamboos]

The comment section is just a huge ad for financial advisors. lol. Not random at all!