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Saving the First $100 is the Hardest. Saving the First $1000 is the Hardest
Charlie Munger once said that "The First 100k is the Hardest". Andrea shares about her experience saving $100,000 and how hard that was and then she reverse engineers how saving $100 was just as hard. She speaks about levels and how when you are going to the next level financially each new level is the hardest. The first $100 is the hardest one hundred dollars that you save. The first 1k is the hardest one thousand that you will save. The first 10k is the hardest ten thousand you will ever save. And "The First 100k is the Hardest" that you will save just like Charlie Munger once said about building wealth.
#buildingwealth #savingmoney
If you want to go from Survival to Thrival in your Health, Wealth, and Relationships then Subscribe to the Podcast here or on YouTube at:
https://www.youtube.com/channel/UC-IDn8Fg-xT6Tpi2TmJDtgA
Fuel Your Journey of Transformation on Social Media with Andrea's Encouragement, Stories, & Wisdom:
Instagram: https://www.instagram.com/andrea_norris_brown/
Facebook: https://www.facebook.com/andreanorrisbrown
Twitter: https://twitter.com/AndiNorrisBrown
For Information About Speaking, Coaching, or Consulting: http://andreabrown.org/
For Media Inquiries: [email protected]
CHAPTERS
00:00 Thrival NOW - From Survival to Thrival in Your Health, Wealth, and Relationships
00:18 "The First 100k is the Hardest" Charlie Munger
00:30 Building Wealth is Like a Snowball Rolling Downhill
00:54 Reverse Engineer the Saving Process
01:24 How Saving Applies to Building Wealth
01:38 It took 2-3 Years to Save the First $100k
01:48 The Second 100 Thousand Was Saved Much Faster
01:58 Their Last Contract Netted $75k in a 2-Week Period
02:37 The Same Principle Applies to Saving Your First $100
02:51 The Early Years of Marriage and Difficulty of Saving
03:51 When they Met they had No Income to Speak of
04:18 They had No Money to Save
04:28 Financial Stress, Anxiety, Discord
04:38 A Pain Point in the Marriage
05:41 "Your Biggest Problem is Your Greatest Opportunity"
05:54 Squirreling Away and Saving Change: Pennies, Nickels, Dimes, and Quarters
06:20 Changing Her Attitude & Praying
06:49 An Opportunity to Use $450 Saved to then Save that Much and More Each Month
07:57 By Then She Had Saved $600 in Pennies, Nickels, Dimes, and Quarters
08:28 It Took a Year to Save $500 but then they could Save $500 a Month After that
08:58 The Snowball Effect
09:37 If You Want to Build Wealth You Have to Start Saving
10:00 Do Whatever it Takes to Save Money
10:24 If You Haven't Mastered Saving then Start by Saving Change
View all episodes
By Andrea BrownCharlie Munger once said that "The First 100k is the Hardest". Andrea shares about her experience saving $100,000 and how hard that was and then she reverse engineers how saving $100 was just as hard. She speaks about levels and how when you are going to the next level financially each new level is the hardest. The first $100 is the hardest one hundred dollars that you save. The first 1k is the hardest one thousand that you will save. The first 10k is the hardest ten thousand you will ever save. And "The First 100k is the Hardest" that you will save just like Charlie Munger once said about building wealth.
#buildingwealth #savingmoney
If you want to go from Survival to Thrival in your Health, Wealth, and Relationships then Subscribe to the Podcast here or on YouTube at:
https://www.youtube.com/channel/UC-IDn8Fg-xT6Tpi2TmJDtgA
Fuel Your Journey of Transformation on Social Media with Andrea's Encouragement, Stories, & Wisdom:
Instagram: https://www.instagram.com/andrea_norris_brown/
Facebook: https://www.facebook.com/andreanorrisbrown
Twitter: https://twitter.com/AndiNorrisBrown
For Information About Speaking, Coaching, or Consulting: http://andreabrown.org/
For Media Inquiries: [email protected]
CHAPTERS
00:00 Thrival NOW - From Survival to Thrival in Your Health, Wealth, and Relationships
00:18 "The First 100k is the Hardest" Charlie Munger
00:30 Building Wealth is Like a Snowball Rolling Downhill
00:54 Reverse Engineer the Saving Process
01:24 How Saving Applies to Building Wealth
01:38 It took 2-3 Years to Save the First $100k
01:48 The Second 100 Thousand Was Saved Much Faster
01:58 Their Last Contract Netted $75k in a 2-Week Period
02:37 The Same Principle Applies to Saving Your First $100
02:51 The Early Years of Marriage and Difficulty of Saving
03:51 When they Met they had No Income to Speak of
04:18 They had No Money to Save
04:28 Financial Stress, Anxiety, Discord
04:38 A Pain Point in the Marriage
05:41 "Your Biggest Problem is Your Greatest Opportunity"
05:54 Squirreling Away and Saving Change: Pennies, Nickels, Dimes, and Quarters
06:20 Changing Her Attitude & Praying
06:49 An Opportunity to Use $450 Saved to then Save that Much and More Each Month
07:57 By Then She Had Saved $600 in Pennies, Nickels, Dimes, and Quarters
08:28 It Took a Year to Save $500 but then they could Save $500 a Month After that
08:58 The Snowball Effect
09:37 If You Want to Build Wealth You Have to Start Saving
10:00 Do Whatever it Takes to Save Money
10:24 If You Haven't Mastered Saving then Start by Saving Change