Charlie Munger: 7 Secrets To Getting Rich

Charlie Munger, you could argue is one of the wisest humans that there is, especially when we’re talking money. In this video Munger talks about 7 life tips that he’s used to get wealthy…

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Charlie Munger, a man who grew up during the heights of the great depression, where money was scarce and hard to come by, he came through this to build a net worth of over $2 billion dollars. In this video I’m going to let Munger talk about 7 secrets that helped him grow from nothing to becoming very rich…

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DISCLAIMER: It's important to note that I am not a financial adviser and you should do your own research when picking stocks to invest in. This video was made for educational and entertainment purposes only. Consult your financial adviser. * Some of the links on this webpage are affiliate links. This means at no additional cost to you, we earn a commission if you click through and make a purchase and/or subscribe. This has no impact on my opinions, facts or style of video.

[randombanana]

0:20 deliver what the world wants
1:45 take the high road (it's less crowded)
2:55 seize the opportunity that come along
5:15 be patient and rational
5:44 destroying fake gurus
6:54 take things simple
10:17 investing 4 checklists :
10:21 filter 1 : circle of competence
10:27 filter 2 : durable competitive advantage, so called "moat"
10:40 filter 3 : great and honest management
10:48 filter 4 : fair price with a margin of safety

[Raymondjohn]

This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.

[scoopinspire]

FROM ME TO #REALSOURCEINVESTMENT YOU HAVE BROUGHT MY FAMILY OUT OF POVERTY I SHALL FOREVER BE INDEBTED TO YOU

[janzalud]

"if the croocs knew how much money they could make by being honest .... " this is so excellent. Everybody thinks you a fool for a long time for being honest, but ultimately they loose and you win. Both in money and in more important things as well.

I started being radically honest at high school and i have ended up with a skillset and customs that buy my family a great life. And thats only the money part of the story.

[c.t.u.o]

I find myself at a crossroads, uncertain whether to liquidate my $150, 000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current market.

[mindyholiday]

This is great content. Love the message in this video. so so so true. It's your inner core at the end of the day. Wisdom is priceless.

[miadylan]

Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.

[jameswood]

“It’s better to be optimistic and wrong occasionally than pessimistic and right”

[smtechtips]

Wow this is really on time THANK YOU FOR BEING YOU AND YOUR KNOWLEDGE 💕💕 your videos are perfect for motivation and ideas and we enjoy and learn so much from them.Thank you for your information and being openREALSOURCEINVESTMENT⨀ORG

[romelindareyes]

Investing is buying yourself a better future you don't have to work hard again.

[shivasivadass]

Great video as usual. Though just one question, which software did you use to compose your video ? Was it VideoScribe ?

[iantownsend]

There are many secrets to getting rich. It’s simply just doing the right thing at the right time

[relianceleadership]

Navigating these uncertain times takes a certain type of wisdom to get through and a certain type of humility

[warrenbuffettsuccess]

“Munger had the attitude that if you weren't already rich, you could afford to take some risk—if the odds were right—to get rich.

[Riggsnic_co]

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.

[gopaldasvideos]

Thanks Charlie for your voice and great ideas 🙏🙏

[jackhalas]

Munger is a tremendous wealth of knowledge. I'm an enormous Buffett fan but find Munger the more interesting person. Even with 2% of Buffett's net worth, I think Munger has more to offer. Life hit him harder, he's overcome more.

[djohnson-kucl]

I think it's worth noting that he's a billionaire, but basically a key principal in Berkshire so arguably able to generate 100s of billions.

[amberhamster]

1. Start investing early.
2. Invest as much as you can.
3. Most people can't beat the market over time, so don't try. Go for the sure thing and sleep soundly. Growth index fund.
4. Do this for 30 years, and watch your net worth go parabolic.

Rich 60 year old.

[elisebart]

#Realsourceinvestment may the lord continue to bless and honor you for you have brought my family out of poverty