The first $100,000 ... - Deepstash
CHARLIE MUNGER

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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MORE IDEAS FROM THE FIRST $100,000 IS A B*TCH

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, or spending no money on any entertainment, these are the difficult steps you need to take in order to establish financial stability quickly and early.
  • Once $100,000 is accumulated, it makes future investment growth easier thanks to compound interest, dividends, and time.

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BEAR GRYLLS

Aim to be like a rhino! To have a single purpose. To charge at the obstacles and goals with total commitment and to develop a thick skin to deal with the slings and arrows that try to slow you down.

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Dreary Circles Of Life.

Disregard for the past will never do us any good. Without it we cannot know truly who we are; Even though we are faced with unpredictable and unknown forces which are not imagined as per se our surprising nature of life, we can prepare for it by studying how others in the past have coped with the unforeseeable and the unpredictable, as we see that people say "Maybe history wouldn't have to repeat itself if we listened once in awhile." Let's not repeat again and again oh new generation! . Repeat after me....... Lets not repeat the nonsense again.

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Historic Recurrence - A tendency of humans to repeat themselves through time.

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Daniel H Pink (Drive)

"Once we realize that the boundaries between work and play are artificial, we can take matters in hand and begin the difficult task of making life more livable."

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