Keep The Change

Money Mail 198 - The b!tch of a first $100k snowball

02.26.2024 - By nextAdvisoryPlay

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$100,000, the magical figure. Where did it come from? Perhaps I had heard the late Charlie Munger (one of the worlds great investors) who once said your first $100K is the toughest to earn — but most crucial for building wealth. “The first $100,000 is a b*tch, but you gotta do it. I don’t care what you have to do — if it means walking everywhere and not eating anything that wasn’t purchased with a coupon, find a way to get your hands on $100,000. After that, you can ease off the gas a little bit.” The above makes more sense to me now that I’ve done it. Let's explore.

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