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The first $100,000 is a b*tch, but you gotta do it. I don’t care what you have to do – if it means walking everywhere and not eating anything that wasn’t 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.
CHARLIE MUNGER
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Charlie Munger's most iconic quote of all time
As Warren Buffett's right hand man, Charlie has proven himself to be one of the most consistent and stable investors of our generation.
- In this quote, he argues that you need to live extremely frugal to accumulate $100,000. Whether its walking everywhere, only buying food with coupons,...
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The 2 ways you can approach your habits: Progressive and Consistent
- Progressive. You start off easy, make it a little bit harder each time, until you eventually do very difficult things, with a lot less effort.
- Consistent. Do the same thing, with the same expectations, each time. You don’t aim for growth, but maintaining the same, s...
Habits
The 2 ways you can approach your habits: Progressive and Consistent
• Progressive. You start off easy, make it a little bit harder each time, until you eventually do very difficult things, with a lot less effort.
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