BlackRock’s Larry Fink: The investment opportunity of a lifetime kzfaq.info/get/bejne/natdp66UvdGqeZ8.html

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

I recently lost my buddy at the age of 27. Don’t forget to live your life guys. Make wise decisions but don’t give everything up for a “better” life at a later stage. Balance is key 🔑

I wasn't financial free until my 50’s and I’m still in my 50’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.

Not just saving ,the idea of investing a significant sum of money may be both thrilling and intimidating. There seems to be potential for considerable wealth increase with the correct strategy. How can one take advantage of the present market to grow one's retirement savings over time?

This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!

Watching how the real estate market is being manipulated in favor of some persons, I’ll advise we venture into other marketing options and look for other ways to invest that will be favorable to us.

I completely agree. The first $100k was the toughest but my wife and i managed to save it, we could have spent it on a lot of things i mean we could have gone on vacations but we didn't and funny enough didn't really start seriously investing until I was 30 back in 1998. Today, I'm 53 and have a decent $1.2M nest egg. After learning all of this, my only regret is not starting earlier when I was 25. It may not seem like much but those extra 5 years are the most important.

To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?

No worries for me, I don't try to time the market. When I see that stock drops below its fair value with some margin of safety - I buy. Past 2-3 months have been huge shopping spree for me. I've got literally like 2000$ left of investing cash. Probably I will miss some occasions in the future months, but who cares as long as I got value?

I completely agree. The first $100k was the toughest, and I didn't really start seriously investing until I was 30 back in 1998. Today, I'm 55 and have a decent $1.2M nest egg thanks to my fa Emily Lois Parker. After learning all of this, my only regret is not starting earlier when I was 25. It may not seem like much but those extra 5 years are the most important.

YOU WORK FOR 40YRS TO HAVE $1M IN YOUR RETIREMENT, MEANWHILE SOME PEOPLE ARE PUTTING JUST $10K IN A MEME COIN FOR JUST FEW MONTHS AND NOW THEY ARE MULTIMILLIONAIRES.......

You should do a new video about LIBERTONCORP ! I really like you’re mellow delivery and you seem like you’re very knowledgeable. I watch lots of influencers and you always seem very calculated and know exactly what you’re talking about and understand it. You’re better at explaining complicated things simply, than any other person on youtube keep it up brother!

I’m at the $50k mark at 21. Hoping to hit 100k late next year :) Update: age 23 now, hit $100k in investments today! 💪🏽

When referencing corporate America, he said “They don’t really care about you as they make it seem” realest thing he said...I’ve seen experienced it first hand in the DMV. Black ppl aren’t really respected in corporate America. Glad that he was able to get out of there and become his own boss LIBERTONCORP

I wonder how many recent buyers have over leveraged their finances to make a purchase anticipating a quick resale and profit. Will this lead to a series of bankruptcies if we slide into a recession next year, as some analysts are predicting.

I hear people ask if this is the right time to invest, yes because the stock market have always and will always be a volatile market, that is why it is important to have proper research, analysis and strategy when investing

Thank you for being there LIBERTONCORP when I wanted you to..... I was lost in this new world that I was hassled to start with ....you not only guided me along the way but you also showed me the proper way....whatever little I have been able to achieve in life is because of you today ..... I want to thank you for being there and showing me the proper way of doing thing for me you are my best guide as you truly showed me the way to life....once again , I would like to tell you a heartfelt thanks for being there.

It makes sense, BTC and crypto is off helping to regulate, rather than pretend it won't ever happen. The big institutions getting in is the catalyst that will launch us into the stratosphere. Most people don't like change but after the change is made they grow used to it and it becomes a non issue usually because their fears never materialize. The projects that initiated the process of regulation have not been ruined, they got involved in setting guidelines and helping the regulators understand the crypto space. I’d get involved more knowing that I have made over 7 btc and 15ETH from day-trade with Liberton Corp in few weeks.

If you bought stocks two months ago you should be buying heavily now to low your average price. if you’re not buying today it’s probably because you didn’t get a fair price and that your stock gown down scares you so you don’t want to lose more money.

After listening to Rich Dad Poor Dad I experienced lifestyle deflation. I sold my sports car and now drive only an old Jeep Cherokee. Losing the monthly car payment and lower insurance has made my saving/investment journey much more enjoyable.

Lifestyle inflation is a big challenge. Also, if you think it's hard to manage when it's just you, it gets even worse when you throw a spouse and kids into the mix. You both have to be on the same page because the though process will be why are we struggling this hard when we make enough money to make things easier. You have to constantly remind yourself and everyone else what you're working towards. Then you have to strike the right balance. Living for today is just as important as living for tomorrow. As you work towards building that future, think about the value of what you are sacrificing today. Just like starting early with investing, some things in life are better experienced early in life, and some things you can't do later in life. Life isn't about making money. Money is simply a tool.

Very nice. I have a little less than this and currently considering going into either Stocks or Real Estates and thought this would help. Confused on the better more lucrative option atm. A major deal breaker is also that which is less time intensive.

It's true! It took me 25 years to hit $100k, 2 years to hit 200k, and then 1 year to hit 300k, 1 year to hit 400k. All while making $50k-$67k. The compound interest really starts to show as your balance grows. The first $100k is almost entirely from saving. But now if the market goes up 10%, I make $40k, which is more than I save in a year. I normally save about $25k-$30k per year.

Back when this mummy made his first 100k, these money were worth the same, as 1.2 mil today. So yeah... there's that. 1.2 mil are definitely going to change my life.

I think most people missed the hidden underlying point. You get to $100K by creating habits. The $100K is a big enough target that you'll have to consciously give up your daily Starbucks coffee, iced tea instead of water, etc to get there. Once you have gotten to that point it will be ingrained to not spend money frivolously and your wealth will build.

Even with the current dip in crypto, I still thank you for the level-headed financial advice. I started stock and crypto investment with $4,345 and since following you for few weeks now, I've gotten $18,539 in my portfolio. Thanks so much LIBERTONCORP

The first step is $1,000. How many Americans even have that saved? Ouch. Then reach $2,500. From there, to $5,000, then $10,000. You can do all of that within 5 months, believe me, and before you know it, you’re at $25,000. That’s $75,000 away from $100K. I’m climbing towards $10,000. It’s all about money management, not money making. Anyone can make money doing any job or other venture, but not everyone actually has money, period.

Nice video! If Munger said this in 1995, then updating his advice to account for inflation means people should save closer to $200K in 2022.

Keep investing in your 401k. Start early and stay out of debt. Those out of debt sleep better.

I came here to learn how to invest after listening to a guy on a television program about the importance of investing and how he made $260,000 in 4 months from $80k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.

I did get to my first 100k in January. Then, the bear market quickly unmade me a hundred thousandaire again 😅. Still consistently buying and will be back to that mark and further soon, hopefully.

Just come from wealth. No debt. Get 25k a year gift from mommy and daddy every year. You'll have 100k pretty fast.

Thank you for these videos! You are one of the primary reasons that cause me to save as much as possible. I am building my emergency fund first. Then paying off debt, followed by investing as much as I can. Once those goals are checked I will increase investing as much as much as I can. possibly 35% of my annual income for the next 20 years. Thank you again! Keep up the great work!

Remember that Munger is giving advice on how to get rich, not how to live a happy or meaningful life.

I'm hoping to get my young daughter set forward on the right track. When she starts working I'll set her up with a Roth IRA and a online brokerage account. Every dollar she invests in the brokerage account I'll match in her Roth IRA. Hopefully she comes out of college in her 20's with $100k-200k in investments. Puts her over a decade in front of my wife and I were at. But she'll need $10 million by retirement to have the equivalent of $1 million today because of inflation.

Made my first $100k at 19 I’m ready to make more now

27 and got my first 100K 🎉

Getting rich off crypto is much tougher than it seems. I keep losing money while trading with these youtub videos, and finding a trustworthy professional trader to help out with these trades also appears to be nearly impossible. This is extremely annoying

34. 100k All together in savings and investing. I can eat out without feeling crappy-in fact just eating out once a week and im satisfied.

when we have people with masters degrees working at starbucks with 100k in student loan debt stock piling 100k went out the window for most people who listened to the advice following your heart and the money will follow.

With current stock market situation what is the best investment one can do right now?

Getting compound interest is harder than many people think. ETFs are not returning much now, most are negative this year.

This advice boils down to "have a high paying career then save and invest" Amazing. Such wow.

One thing I'll say is if everyone needs $50k a year to survive, the guy making $150k is saving twice as fast as the guy making $100k so every dollar past the $50k mark is super powerful. With the interest rates high and a stock portfolio, I am looking at $800 per month in passive income from investing and high yield savings because my income far exceeds this $50k mark and I didn't let that higher income drastically change my spending

I had my first 100k at 19 from working hard and working 7 days a week… 100k was easy to save up but your first million now that’s a real challenge still working on it !

This is exactly what I did in my early 20s! At 26 I hit £100k! At 20 years old I began saving at Uni (I know how crazy that sounds) and when I graduated I stayed with my parents, got a job and built wealth! One of the craziest things I realised was the more money I had invested in shares the more the market actually dictated my wealth rather than the amount of money I was saving. Believe me, if you want something badly enough and you get good at delaying gratification it can be done!

Regarding your statement to snow ball down the hill, what if there is no snow down the hill? Or there is long incline down the hill that prevent the snow ball from continuing momentum. So some issues with this theory, 1. In perfect world, getting consistent 10% per year is tough especially with our time 2. Being able to time the market and dump a lumpsum of 100k and see it grow consistently 3. In history, we have seen where the market can take up yo 20 years to beat previous high. Our recent one, Nasdaq from 2000 to 2015. Stay invested yes, but be wise on entries and exits.

Are you talking about $100,000 in your Roth 401k or $100,000 in your own savings account in the bank?

*Great! your potential seems timeless* I have saved 300k up. How can I deploy it to prolific lnvestment? Reading books on investing and as well get started…. Thanks

You must spend a lot of time at the Hamptons if you know plenty of 24 year olds with over $500,000 invested.

I hate change, so I’ve successfully avoided this milestone for 31 years

When I was 35 I woke up and realized I needed to catch up on saving and was hell bent on making $100,000.00 . That milestone to me was the equivalent of me working 10 extra hours per week, while I was asleep. In another 30 years I would be working full time in my sleep while I was retired. At some point there would be two of me working rather than just one of me. And then three, and then four and so on if I lived long enough .

Great name. Love the reference. I subscribed

One of the best advice and videoes i have seen.

When you're calculating Income, make sure to take out tax. A 65k-a-year salary would only bring in maybe 48k after tax in a high-income tax state like Oregon.

Good luck trying to consistently achieve 10% returns 👍🏽

Who told u I’m gonna live till 70 I want to be a millionaire now 😂😂😂

I'm 22 and have over 100k, it doesn't really make a big difference. Maybe once I hit 200k we'll see if I feel different

The problem with these finance videos is that they always advocate for the magic of compound interest whilst conveniently neglecting to mention the effects of inflation and tax. Imagine you're in the 45% tax bracket and the current rate of inflation is 6% per year. You're not actually earning anything (in REAL dollar value) when you get a 10% ROI on your savings - in fact, you're making a slight loss. It might FEEL like you're earning money (because your net worth goes up), but in terms of actual purchasing power, you're not. It's also optimistic that assume that what happened in the recent past will happen again in the future. Just because the cost of land has risen faster than inflation for the past few decades, doesn't mean it will continue to do so indefinitely. Just because index funds have averaged 10% p.a the last century, doesn't mean they'll continue to average that next century. Etc.

Whoever you are, you’re very impressive. Your videos are interesting, fun to watch, and you have a very interesting tone of voice. Keep it up.

The hardest part is getting guaranteed 10% every year

Most people don't have the vision, knowledge, conviction, emotional balance, experience and temperament to save piles of money at a young age and invest it in an index fund. The very rare few that try, will ultimately fail, for one reason or another. Our attention spans are so short that we get impatient, read some new info or have some new ideas or new conversations with others and get thinking that we'd better change it up, do something different, to make money faster because index investing is just too slow and boring, plus, we think 'It can't be THAT easy!' We feel the need to do something, almost constantly. The rich man's trap, the urge to always do something. Afterall, that's what made him rich, being so busy and productive, so he's afraid to stop, even for a day, for fear of going backwards and losing it all, losing the love of his wife and kids, etc. Investing is the one domain in life where doing nothing is usually best and that is hard for most people to grasp and apply. Fidelity reported that their best investors... are dead. Dead investors can't try to dance in and out of their positions, switching funds, getting impatient, greedy, fearful, etc. So, if you're older and haven't saved anything or you've lost it all from divorce, whatever, don't panic. Exhale, relax and let this new knowledge sink in. Buffett's advice for most of us is: 1 Avoid debt, 2 Have savings (to take the pressure off), 3 Buy the index whether it's up or down and if it's down, try to buy more. 4 Don't try to dance in and out of your index position (don't try to market time, reacting to news stories, tips, second-guessing your strategy after 2 or 3 years into it or at any point really). and 5... 'Ignore the experts, even me.' says Buffett. That's it. Start where you are, use what you have, do what you can. You probably can do this. If you feel bad about missed opportunities of the past and only starting investing later in life, or re-starting from zero, just think, at age 25, that's already fairly 'old' compared to a kid and decades of lost chances. What if your parents had bought you an index fund at birth and invested say, just $25 a month until you were 18 years old, then stopped? You'd be way ahead of most people you know and you'd feel glad that you had been invested since birth. The point is, you can't go back in time and invest so just relax and start now and do your best.

I see a problem in comments: Too much concentration in US equities. Yeah buying the dip n holding for long term is the key. But you need to understand the background context. The time-span from 1940s to 2020s in US equities is not likely to repeat again. So you cant go by the past. During this time, US was the sole superpower in the capitalist world. Currently US stock market is 60% by value of global total equities. There is not much juice left to squeeze. Japan was in 1990 where we are today. They are down 70% for 30 years. Even holding for the long term did not help japanese investors. Some version of that will play out in the western world. So, I advise to keep most of your funds in the developing world, gold, commodities, hard assets n some in US equities for diversification.

Fantastic presentation. Immediately subbed. Looking forward to watching more of your videos.

Can you please give an example of asset class which can pay 10% per year? I want to be next Charlie 😅

Hello from Poland, I just saved 100 k and will start investing in this year. First im looking for: KO, J&J, PEP, P&G.

Does this 'first $100,000' include what is in your 401K or is it first $100,000 in more liquid assets?

C.Munger shares his experience and knowledge and that is rare!

Generally, I think you make great videos. Not sure why you get the hate you do in some of the comments. Ignore them. Your voice is fine (one Elisabeth Holmes was enough) and if a few of your viewers can’t wrap their heads around the idea that a person your age can be as hard working and disciplined as you seem to be, well.. their loss.

I'm at $200k at age 30, with $110k in retirement vehicles and the rest in cash. I'm going to be starting a coffee truck with some of that cash within the next 9 months. Trying to work on diversifying

I just hit my 100k mark at age 33. I will continue to put 15% of my income plus some extra into other personal accounts. Youre right though about lifestyle inflation. With the job I'm in, I can very precisely calculate my income, and because i know what I'm going to be making in 10 years from now, my mind thinks I can spend more, much more than what I can afford right now. My spending becomes more frivolous, and i already see it as a problem.

The savings are a little inaccurate here. As income increases, overall tax rate increases too. Part of those “increased expenses” aren’t even the fault of the worker. One could also argue that inflation makes 2% expense increases impractical, given the 10 year US average is around 3%. The principles of the video is still stand, but since taxes are mandatory and inflation is real, they should be included in all the calculations to give more accurate numbers.

This really is not a practical guidelines for "average" Joe. Until the retirement, you can't spend a penny from that money. Whether 3 million or 7 million, the principle of having been saving and preparing for unemployed time of old age is a sound advice, but life happens and money helps. You need marriage, connecting to family, and house with kids in your 20s to 30s - that money I think is better spent there than in your investment. Family is the first investment.

Thanks for this. I've seen videos like this plenty of times, but it's always good to have a reminder. Great vid overall, def one of the hardest hitting ones. That 10 year difference example when your 70 was jaw dropping.

❤❤❤I'll have my 100,000 soon and it will only have taken me 2 years😊

$100k is exactly the amount I've lost on the sharemarket in the last two months. 😁👍🏼

Can you do a video on how you got to $500k at age 24? It will be very inspirational that you reached the top .01% at such an early age. Otherwise, we just think that you are full of you know what.

Reiterates what I forgot a few months ago. I had a mid life Crisis of buying pocket knives.

Annoying part to watch this is to realize that Im already 36y and have like 4y to make to first 100k.. should have started so much more early..

Remember, Charlie said this over 30 years ago. If you asked Charlie again, the number would likely be much higher than $100k

I hit $300k at 21, bought leveraged etfs and now I only have $15k

100,000 isn’t a magical number. Investing is about putting money aside early and often. Don’t take out debt and put a few hundred dollars aside to invest automatically every month and in the long term you will be a millionaire.

If you had kept $100,000 in the S&P500 10 years ago, you would have more than $250,000 today. It's not that hard.

You should also cover the case where your living expenses go up significantly with NO lifestyle inflation, such as we are seeing now. I live just as frugally as I did 2 years ago, but my wage has stagnated relative to inflation, and costs are up. So I have less money to save and invest, and I predict I will have even less next year. And there seems to be nothing I can do about it.

Easy, get you hands on 100Gs and then get 10% a year. Simple as. We're all gonna be rich in no time.😂

It does not matter in the end whether someone reached or you reached $100,000 at 25 years old. In the end, there is no guarantee the person who has a million extra due to having invested early is going to live long or be healthy when older. The younger individual would probably had stressed more to reach $100,000 and this will show up later in life as stress and it will be detrimental to your health. There is no point having more millions if you are going to give them to your doctor, insurance, and IRS.

Great video with helpfull insights and really transparent of you i liked it a lot

I will spread the words to my family and best friends

For me the first 100,000 was a matter of frugal living which is the core theme of the fire movement. After my first 100k I'd become so use to a frugal lifestyle that even after retiring early I'm still cheap LOL

Had no money at 30 years old, and no w2 for 7 years. I got involved in the legal hemp industry and stayed in it for 5 years until the company filed chapter 11 - I worked 12’s almost every day and in 2020 worked every day for roughly 10 months with no break. I knew the company would fail so I made as much as possible in the time I had; I work in the pharma industry now thanks to all that sacrifice and skill building and hit over $100k in investments a year ago. Probably the biggest principle I champion about money is that at a certain amount, the investments you build will ‘outwork’ you. Fast today so you can eat tomorrow.

I can attest to this. I hit my first $100k at age 30. I'm now 34 and over $250k. Compound interest does wonders. I plan on retiring as a multi-millionaire. Getting to $100k is important but lifestyle is just as important. I have a highschool "friend" who goes down hill skiing and has all the fancy gear every year. He also drives an Audi and rents or was renting a really nice apartment. Outwardly it appears that he is wealthy but inwardly I don't think I would be that shocked to see his portfolio. Keeping up with the Jones is this guy's mentality.

Well the reason you have half a million dollars is you have a high paying job or you inherited a lot of money simple as that. It's not because of compounding interest You're too young

The problem with compound interest is you need to be paid interest for it to apply. Virtually non existent today, atleast in a traditional sense.

I just learned that when he said that 100k in his time is worth 875k today.

Sure can't wait to live my life at 70 years old.

I used to feel overwhelmed when my portfolio would drop a few dollars. Now that I've learned how the market works, I see bear markets as a giant opportunity to build generational wealth for me and my family. In just 5 months my portfolio have accrued gains of over $300k

I finally got to over 100k in my 457 account.. and I take 30k every May from it and I invest it my stock market accounts, I’m almost there in my 4 investment accounts, I’m winning in all my 4 accounts… PS. You go girl… Brag because I know how difficult it is to do this and how hard you have worked to get there, congratulations!!

I've made 300,000 in liquid and it hasn't changed my life. It has destroyed me, it's been depreciating since 2021. The same dollar value sitting in one account. I worked EXTREMELY hard for 4-5 years to save that money and I have done absolutely nothing with it.

Once I get 100k goal should I just dump it in s&p 500?