The significance of accumulating your first $100,000 cannot be underestimated when it comes to building long-term wealth. Saving your first $100k is an important personal milestone.
The late Charlie Munger, renowned investor and long-time partner of Warren Buffett, said this during a 1998 annual shareholder meeting of Berkshire Hathaway1Source: YouTube:
Liabilities, like debt, destroy your wealth. When you owe someone money, you don’t own the thing you bought until you pay off your entire debt. This chains you and prevents you from becoming financially free. It’s an even bigger liability when you go into debt […]
Charlie Munger once said: “More investors don’t copy our model because our model is too simple. Most people believe you can’t be an expert if it’s too simple.” The simplest investing ideas are truly the best. Munger was the best at simplifying investing ideas. Together […]
Investing in the stock market can be scary. It’s a combination of big promises, jargon, fear, greed, and mostly, a lot of opinions. No wonder folks are always explaining the stock market. Everyone’s an expert. I recently read that Gen Z gets their investing advice […]