00:00Charlie Munger said it straight, you only have to get rich once.
00:03Munger built billions alongside Warren Buffett, and his advice wasn't hustle culture hype.
00:08It was about doing the hard part first, because the first $100,000?
00:12As he put it, that part's a ****.
00:14Munger wasn't joking.
00:15He once told a room of investors, I don't care what you have to do.
00:18Walk everywhere, coupon every meal, just find a way to hit $100,000.
00:23Adjusted for inflation today, that's about $200,000.
00:26But the point was never the number, it was momentum.
00:28Once you hit that threshold, your money starts to work harder than you do.
00:32Compound interest kicks in, the snowball starts rolling, and wealth builds itself.
00:36Forget overnight success.
00:37The real move is to get there once, and let the compounding do the heavy lifting after that.
00:41Follow Benzinga for more timeless money lessons from the greatest minds in investing.
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