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Everyone wants to know how to get your first $100,000 saved and invested. At a Berkshire Hathaway annual meeting, Charlie Munger was asked how to build wealth quickly. His response become legendary in the finance and investing community. The concept of the first $100,000 was born. The concept of the first $100,000 states that people should be very frugal until they have at least $100,000 saved and invested. At this point, compound interest can start to work wonders and can make you rich over time.
This video covers the following topics: How to save $100,000, how to make your first $100,000, Charlie Munger first $100,000, Charlie Munger's financial advice, why the first $100,000 is the toughest, compound interest, how to become a millionaire, personal finance, financial independence, saving money, passive income, Charlie Munger's advice on investing, and much more.