'The first 100k is the hardest' | Charlie Munger quote explained

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In this video we break down the famous quote from Charlie Munger where he says the first $100k is the hardest, but that it gets easier after that.

We look at the maths behind it, and then go through a few ways we can speed up getting our hands on that first £100k - spoiler alert, there aren't really any quick rich schemes.
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This video hopefully helps you understand Charlie Munger's quote, but it should not be taken as personal advice. Please remember that all investments can fall as well as rise in value so you could get back less than you invest. This video is just an example, not personal advice.

All the clips used in the vid are for entertainment purposes.

Message if you'd like them removed.
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Great video Charlie, made me chuckle lol subscribed! Welcome to YouTube!

savvywallet
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This is great - well done. So
Such a cracking first video!!!

LauraAnnMoore
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Really enjoyed this Charlie! People don’t realise that long term wealth is a lot easier than short team wealth creation! Get the long term picture sorted & then your golden! Looking forward to more!

EuanCopeland
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Love this!! Actually really enjoyed watching it :) welcome to youtube!!

pandabossanna
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Enjoyed the video. When's the 2nd video?!

mrsingh
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Google simple concise videos. I hope this channel succeeds

abidrahman
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Now it is the first million with inflation.

jonathanbrotto