The article discusses Charlie Munger's famous saying about the challenges of reaching the first $100,000 in investments. A Redditor queries its relevance today, revealing the mantra's enduring importance. Munger's advice emphasizes discipline and the necessity of overcoming initial hurdles in wealth building. The piece underscores how reaching this monetary milestone opens doors to compounding interest benefits, demonstrating with historical returns of the S&P 500 the potential growth over time, enhancing the motivation for investors to strive for that first six-figure goal.
"The first $100,000 is a b****, but you gotta do it. I don't care what you have to do...find a way to get your hands on $100,000."
"Once you hit the six-figure mark, compounding interest becomes a lot easier...$100,000 is a great starting point to begin showing real gains."
Collection
[
|
...
]