Why Making Your First $100,000 is Hard but 100% Easier After
#billionaire #charliemunger #cashflow #income #business #goals #investor #millions #money #investment ► Why Making Your First $100,000 is Hard but 100% Easier After • Why Making Your First $100,000 is Hard but... The first $100,000, according to Charlie Munger, a prominent billionaire investor and vice chairman of Berkshire Hathaway, is the most difficult to accumulate. Many people who have amassed riches have considered this to be true, and the same can be said about reaching the million-dollar mark. The next one tends to come considerably faster once you achieve $100,000. You'll have $200,000, $300,000, and $400,000 before you realize it. Then, after you've reached the million-dollar threshold, the next one is just around the corner, and it appears to go by in a fraction of the time. This is comforting for those of us who believe our wealth is expanding more slowly than we would want, but why does it get easier? Let's look at why it takes such a long time to reach $100,000 and what you can do to speed things up so that you can become wealthy years sooner. 0:09 - Charlie Munger 2:05 - To Get The First $100,000 You'll Have To Perform 3:51 - Interest 4:29 - Possibility 5:24 - Risk 6:51 - Spending Money On Things You Don't Need Is A Bad Idea Thank you for watching this video. We encourage you to subscribe to our channel Fortune Fastlane. Our channel is a culmination of our experiences and content that motivates us. Here are just a few YouTube channels that continue to inspire us. Stocks & IPO News ► MarketWatch / marketwatch ► IPO Market Watch / ipomarketwatch ► Seeking Alpha / seekingalphaltd ► Wall St Jounrnal / @wsj ► Carelton English from Barron’s / carletonenglishbarrons Wealth Management ► Goldman Sachs / goldmansachs ► J.P. Morgan / jpmorgan ► Phil Towns / philtownrule1investing Business ► Bloomberg / @markets ► Yahoo Business / yahoofinance ► Kevin O’Leary / kevinoleary ► Vincent Chan / vincentc ► Citi / citi Thank you for subscribing to the Fortune Fastlane Channel on YouTube. We will be sharing the latest IPO news, stock tips, and wealth management guidance taught and shared by leaders in their respective industries. This will include compilations, interviews and speeches from CEOs who are taking their companies public or leading them into new horizons. We're reading, watching, and consuming business news all day, every day. Count on the Fortune Fastlane to deliver bite-size chunks of the latest updates on the street. Make sure to hit the subscribe button as we're uploading frequently. Feel free to comment and pose any questions you may have down below. Enjoy! The content we have created and curated is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing shared in our videos constitutes a solicitation, recommendation, endorsement, or offer by Fortune Fastlane or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
