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Why The First 100k is the Toughest: Charlie Munger Investing

I discuss why Charlie Munger says that the first 100k saved is the hardest to achieve. We took a look at some examples looking at how tough and a pain it really is to save and invest when working towards your first $100,000. Charlie Munger is one of the greatest investors to live, and is the right hand man to Warren Buffett as well as the Vice Chairman of Berkshire Hathaway.

Whatever happens if you want to achieve your first 100000, don’t quit and just keep on hustling!
#hustle #munger #wealth

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DISCLAIMERS & DISCLOSURES

This content is for education and entertainment purposes only. Ryan does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

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Charlie Munger
Charles Thomas Munger (born January 1, 1924) is an American investor, businessman, former real estate attorney, architectural designer, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his partner. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He is also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.
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