00:00Want the real secret to getting rich?
00:02Charlie Munger boiled it down to one brutal challenge.
00:06Scrape together your first $100,000, do whatever it takes, walk everywhere, clip coupons, eat on the cheap, just hit that number.
00:15He called the first six figures a because it forces discipline.
00:20But once you cross the line, the math starts sprinting for you.
00:24Munger insists that cash belongs in the market, compounding.
00:27Put away $10,000 a year at a steady 7% and you'll hit six figures in about eight years.
00:34From there, the same 7% turns 100K into 200K in just over a decade and can snowball to more than $1.4 million in 40 years, all without hustling harder.
00:46Yes, inflation means today's target feels closer to 190K.
00:51But the principle holds, prove you can do the hard thing once and compounding does the heavy lifting from there.
00:58And as Munger said, you got to do it.
01:01For the living during the high school, I'll tell you, you're not an Source 1.5 team.
01:09But if you're going to work on the scope to make your head, you're not an Source 2.3 guy who's using one St-1.0.5 million in 18 itself.
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