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

Published: Feb. 26, 2024, 4 p.m.

b'

$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 \\u2014 but most crucial for building wealth. \\u201cThe first $100,000 is a b*tch, but you gotta do it. I don\\u2019t care what you have to do \\u2014 if it means walking everywhere and not eating anything that wasn\\u2019t 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.\\u201d The above makes more sense to me now that I\\u2019ve done it. Let\'s explore.


Hey thanks for listening! Please take some form of action from this content, don\\u2019t just be a consumer, become a producer! Make sure you\\u2019re subscribed to Money Mail via Keepthechange.co.nz to receive our weekly lesson on money and financial literacy. Stay close to us on social media and share this with someone that you think this content will help. Together we can collectively improve the financial literacy of New Zealand - let\\u2019s get on with it.


Find us here:

@keepthechange_nz

https://www.keepthechange.co.nz/



Hosted on Acast. See acast.com/privacy for more information.

'