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Charlie Munger destroys the "90-day recovery plan" myth and reveals why thinking in 90-day increments is exactly why people stay poor. CRITICAL MISTAKES THAT DESTROY RECOVERY: Panic action in first 72 hours (costs more than original loss). Lifestyle inflation (spending $35K vs $20K = losing $1M future wealth). Friends' "opportunities" ($240K at 35 → would be $1.7M at 55 if left alone). Clever investing vs boring index funds. Envy-driven decisions from social media. The ones who succeeded did it boringly. The ones who failed did it excitingly. That's the entire lesson. ⚠️ DISCLAIMER: This is a fan-made educational channel not affiliated with Charlie Munger, Berkshire Hathaway, or any related entity. All content is for educational and entertainment purposes only. This is not personalized financial advice. Always conduct your own research and consult qualified financial professionals before making investment decisions. **The narration uses a digitally generated voice that is inspired by Charlie Munger’s speaking style. It is not a real recording, and no attempt is made to imitate, impersonate, or mislead viewers into believing the audio is authentic. 🌟 IN MEMORY OF CHARLIE MUNGER (1924–2023) Charlie Munger passed away in 2023 at the age of 99, leaving behind not only immense wealth but also timeless wisdom. His principles of rational thinking, patience, and humility continue to guide generations of investors © 2025 The Munger Files #CharlieMunger #WealthBuilding #FinancialRecovery #CompoundInterest #BenjaminGraham #LongTermThinking #FinancialIndependence #InvestingStrategy #WarrenBuffett #PassiveInvesting #FinancialFreedom #RetirementPlanning #BuildWealth