Charlie Munger`s Wisdom: The Secret of How $100K Compounds Into $1 Million скачать в хорошем качестве

Charlie Munger`s Wisdom: The Secret of How $100K Compounds Into $1 Million

People don’t go broke because they’re lazy — they go broke because they confuse motion with progress. Working hard isn’t the same as building wealth. This talk explains why the first $100,000 is a psychological battle, not a financial one, and why compounding only works for the few who develop the temperament to let it work. You’ll learn the real reason most people stay poor, the mental traps that drain capital, and the systems that make wealth-building automatic. What You’ll Learn Why activity isn’t progress The psychological tendencies that sabotage wealth Why compounding is useless without discipline How to build a personal incentive structure that rewards saving Why the first $100K is the hardest — and the turning point How systems beat willpower Why avoiding stupidity is more important than chasing brilliance Key Ideas “Labor pays you once. Capital pays you forever.” “The cost of a $30 purchase is what it could become in 30 years.” “You’re fighting your own psychology — not the market.” “Wealth isn’t built by genius moves. It’s built by avoiding dumb ones.” “Get the first $100K. Everything changes after that.” Simple Action Plan Spend less than you earn Save automatically Invest automatically Avoid lifestyle inflation Track your net worth monthly Let compounding do the heavy lifting