This video is about Charlie Munger’s advice on how to make your first million dollars. Many people want to learn how to get their first $100,000 saved and invested and eventually hit the $1 million mark. This advice from Charlie Munger focused on compound interest, investing, and business is some of the best wisdom from legendary investor Charlie Munger. Charlie Munger is the Vice President of Berkshire Hathaway and manages the investment portfolio for the Daily Journal Corporation. He is well known as Warren Buffet’s business partner. The wisdom from Charlie Munger is sourced from various Charlie Munger interviews throughout the years.
After watching this video you will have a better understanding of the following topics: How to make your first million dollars, how to get rich, Charlie Munger’s investment advice, Charlie Munger’s wisdom, how to make money, Charlie Munger first 100,000 dollars, investing for beginners, how to build wealth, Charlie Munger’s advice on investing, Charlie Munger’s Alibaba investment, compound interest, value investing, and more!
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41 Comments
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Buffet & Munger grew up VERY well-connected and they heavily used those connections to grab the first rung of the wealth ladder – the most difficult part. Very few of us have those connections.
2016…I know but I don’t care…because I am mafia k k
Very good video, thanks for sharing
I'm interested in investing in alternative assets but I'm not sure if it's a good idea. Can anyone provide some insights on their risks and potential rewards?
Almost everyone, including the media, is anticipating a market catastrophe, and as a result, many are turning a blind eye to the opportunities in the market. I began investing in stocks and Def earlier this year and it is the best choice I've ever made. My portfolio is rounding up to almost a million and I have realized that when a stock makes it to the news, chances are you're quite late to the party, the idea is to get in early on blue chips before it becomes public.There are lots of life changing opportunities in the market, maximize it
Many seasoned investors understand that an investor must be both a dividend and a growth investor. For instance, if I managed to make a 1000% gain on Tesla and then pulled 85% of the profit out and decided to invest it in a lot of more stable dividend stocks like CVX, I would say diversify, but also use those growth opportunities to build capital to invest in dividend payers (or in cash flowing real estate). This is how I made my first million, and I also use an FA, her name is Olivia Rene Reyes. Best wishes!
What a bullshit video
Very useful .
But where do i find something to invest in with 10% return per year,
Everyone in life will tell you how to make money, nobody tells you how to save money. it is equally as important. Learning not to "waste" money on ones self will build wealth at 2x the rate of only making it. Some people make 250k a yr and have nothing to show for it. One can make a low salary, and still become wealthy over time. remember, only 9% of Americans have 1 million or more in their portfolio……… education is also a winner!
667th comment, no longer unholy!
We read news in the media that doom and gloom is coming and we just accept it, doom and gloom doesn’t always have to be coming, I’ve read numerous success stories of people that are pulling off tremendous gains of up to $250K within weeks in this crazy market and I just want to learn how to achieve such figures.
I don’t think it’s lucky to be poor However I don’t feel your luckier to be born into billionaire families as long as your born into a family that’s loving and doing Ok –
Exceptional storytelling! This video showcasing how the legendary Charlie Munger made his first $1,000,000 is a testament to his unparalleled wisdom and tenacity in the world of investing. The creators have masterfully chronicled the key moments, decisions, and strategies that shaped Munger's early success, providing invaluable lessons for those seeking to follow in his footsteps. It's truly motivating to witness how his unique perspective and disciplined approach to investing laid the foundation for the immense wealth he would eventually amass. I'm grateful for the opportunity to learn from this brilliant mind, and I highly recommend this video to anyone looking to gain insight into the mindset and tactics of one of the most successful investors of our time. A captivating and educational watch that should not be missed!
Be born before 1986 lol
(Spoiler)….Charlie isn't telling you anything here…..*click-bait*.
how about NO!
You need to learn more about investing. S&P 500 is not diverse enough. It is all large-cap, and only American. Risk is high. A world index like VT would be a more well rounded fund.
Compound interest yeah that's what killed Celsius isn't it
The one thing you and Charlie are not taking into consideration is that for the past 50 years our politicians have been making it so we have to pay rent just because we exist they've made it impossible to do this
Let's go! 🙏
Depicts
Can you make a video about the false narrative on the market returning 10% a year on avg? A lot of people fall for this concept and overestimate their future returns.
This administration putting so many families into difficult situations, I feel sympathy and empathy for our country low income people are suffering to survive, people are financially struggling to live and put food on the table, "Anyone who is not investing now is missing a tremendous opportunity." Imagine I lnvested $55,500 with the lady you recommended some time ago and got profits of $230,000 in 3 days. Ms donna is the best.
Interest is a big sin in many religions
Very great points learnt very much ❤
Can you explain how compound interest works with the stock market? Wouldn't the stock market be perpetually compounding?
Amazing video – lots of great nuggets ! Appreciate your research!
Nice video
I plan to do the same and perhaps utilize some tips i got to learn of over the years and it's quite thrilling to know that it works
INVESTING IN CRYPTO NOW SHOULD BE IN EVERY WISE INDIVIDUALS LIST, IN SOME MONTHS TIME YOU'll BE ECSTATIC WITH THE DECISION YOU MADE TODAY.
Once everyone starts talking about a specific stock and it's all over the news the best time to have already invested in that company has already passed. avoid hype- you don't want to be paying more for stock than what it's wort.
If I put aside 25000 each year it would take 40 years to get the first 1M I know the numbers are for representation only but that is not feasible if you are in your 30s
Not all companies pay dividends.
I really wish they would teach you this shit in school….
Million dollar math! I love the idea of how simple math can show you the path to $1M. Thanks for sharing such great content – Investor Center always has great content on money matters. Love it, thanks. 🔥
If you want to beat the market or become a millionaire, the first thing you need to do is , to get financial education. a fellow creator….
Where do I get a magical 10% return on my investment?
I'VE BEEN SEEING POST EVERYWHERE ABOUT FOREX TRADING AND CRYPTO CURRENCY, A LOT OF PEOPLE KEEP SAYING THINGS ABOUT THIS TRADING PLATFORMS PLEASE CAN SOMEONE LINK ME TO SOMEBODY WHO CAN PUT ME THROUGH…?
Great video! Thank you for the knowledge
Great, clear video. Thank you.