Charlie Munger Said, 'Find A Way To Get Your Hands On $100,000' Even If It Means Walking Everywhere — The Magic Number If You Want To Be Rich

Benzinga_recent_news12-18 23:52

Charlie Munger didn't believe in shortcuts — but he did believe in thresholds. And if you ever asked how to get rich, he had a number ready: $100,000. Hit that, he said, and you'll have the momentum ...

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And if you ever asked how to get rich, he had a number ready: $100,000. Hit that, he said, and you'll have the momentum ...</p>\n\n<a href=\"https://www.benzinga.com/personal-finance/management/25/12/49483302/charlie-munger-said-find-a-way-to-get-your-hands-on-100000-even-if-it-means-walking-everywhere-the-magic-number-if-you-want-to-be-rich-2\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0234572021.USD","symbol_name":"高盛美国核心股票组合Acc","start_time":0,"source_url":"https://www.benzinga.com/personal-finance/management/25/12/49483302/charlie-munger-said-find-a-way-to-get-your-hands-on-100000-even-if-it-means-walking-everywhere-the-magic-number-if-you-want-to-be-rich-2","article_id":"2592918856","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/12/18/Charlie-Munger-Made-This-Prediction-On-U.jpeg?optimize=medium&dpr=2&auto=webp&width=120"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/personal-finance/management/25/12/49483302/charlie-munger-said-find-a-way-to-get-your-hands-on-100000-even-if-it-means-walking-everywhere-the-magic-number-if-you-want-to-be-rich-2","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2592918856","pubTimestamp":1766073120,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Charlie Munger didn't believe in shortcuts — but he did believe in thresholds. And if you ever asked how to get rich, he had a number ready: $100,000. Hit that, he said, and you'll have the momentum to keep going. Fail to hit it, and you'll spin your wheels forever.Munger, who died in 2023 just weeks shy of his 100th birthday, was best known as Warren Buffett's blunt, brilliant right hand — but he built a billion-dollar fortune of his own by focusing on what worked and ignoring what didn't.One piece of wisdom that resonates with investors is his take on building wealth. In the late 1990s, during a shareholder meeting, Munger said, “The first $100,000 is a b****, but you gotta do it.”“I don’t care what you have to do,\" he said. \"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.\"","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0234572021.USD":"高盛美国核心股票组合Acc","LU2168563687.JPY":"AZ ALLOCATION - TREND \"AAZ\" (JPYHDG) ACC","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU2168564149.EUR":"AZ ALLOCATION - TREND \"BAZ\" (EUR) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","LU0251142724.SGD":"Fidelity America A-SGD","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4550":"红杉资本持仓","BK4588":"碎股","BK4176":"多领域控股","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","LU2487616109.SGD":"JPM AMERICA EQUITY \"A\" (SGD) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU0210528500.USD":"JPM AMERICA EQUITY \"A\" ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0971096721.USD":"富达环球金融服务 A","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4581":"高盛持仓","LU0149725797.USD":"汇丰美国股市经济规模基金","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU2168564495.EUR":"AZ ALLOCATION - TREND \"AI\" (EUR) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BRK.B":"伯克希尔B","BK4585":"ETF&股票定投概念","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4534":"瑞士信贷持仓","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2168564065.EUR":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC"},"translate_title":"查理·芒格说，“想办法拿到10万美元”，即使这意味着到处走——如果你想变得富有，这是一个神奇的数字","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRK.B":1.81},"content_text":"Charlie Munger didn't believe in shortcuts — but he did believe in thresholds. And if you ever asked how to get rich, he had a number ready: $100,000. Hit that, he said, and you'll have the momentum to keep going. Fail to hit it, and you'll spin your wheels forever.\nMunger, who died in 2023 just weeks shy of his 100th birthday, was best known as Warren Buffett's blunt, brilliant right hand — but he built a billion-dollar fortune of his own by focusing on what worked and ignoring what didn't. \nOne piece of wisdom that resonates with investors is his take on building wealth. In the late 1990s, during a shareholder meeting, Munger said, “The first $100,000 is a b****, but you gotta do it.” \nDon't Miss:\nThis statement emphasizes the initial hurdle many face in accumulating savings. Munger’s bluntness highlights the challenge of reaching that critical first $100,000. \n“I don’t care what you have to do,\" he said. \"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.\" \nThe reason behind Munger’s focus on this initial amount? The power of compounding. Once you have that base, the path to greater wealth becomes smoother. With compounding returns, $100,000 can grow significantly over time, providing a strong foundation for long-term financial goals.\n“After that, you can ease off the gas a little bit,” he said. \nTrending: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation.\nMunger made this statement in the mid-1990s, and when adjusted for inflation, $100,000 at the time is roughly equivalent to about $200,000 in 2025 dollars, based on U.S. consumer price index data. The number itself has shifted with time, but the idea behind it has not. The first meaningful pool of capital is still the hardest to assemble, and everything that follows depends on clearing that initial hurdle.\nThat belief stayed with Munger until the end of his life. In 2023, during one of his final long-form interviews discussed on the \"Acquired\" podcast, he summed up the payoff of that early grind in a single line: \"You only have to get rich once.\" The remark reflected a theme he returned to repeatedly over decades — build a durable financial base one time, and the rest of your decisions become less constrained.\nThat perspective also helps explain why Munger's career did not begin with stocks. Before becoming Buffett's longtime partner at Berkshire Hathaway, Munger was a real estate attorney. He understood early on how property, cash flow, and patience could work together over long periods. Real estate was not a side note in his thinking. It was foundational.\nFor people trying to apply that lesson today, real estate remains one of the most common ways to build toward that first six-figure milestone. Rental income, equity growth, and long holding periods can create momentum that wages alone often struggle to provide. While not everyone can buy an entire property outright, access to real estate no longer requires that level of capital.\nSee Also: An EA Co-Founder Shapes This VC Backed Marketplace—Now You Can Invest in Gaming's Next Big Platform\nPlatforms like Arrived offer one example. Arrived allows investors to buy fractional shares of rental homes, giving them exposure to rental income and property appreciation without owning or managing a full property themselves. The best part? All you need is $100 to get started. \nFor people working toward their first $100,000, or its inflation-adjusted equivalent, steady real estate income can complement traditional saving and investing strategies.\nMunger never argued that the process was easy. He argued that it was worth it. The discipline required to build that first base — whether through work, saving, investing, or real estate — is the same discipline that keeps wealth intact later on. Once that base exists, compounding has room to operate, and the pressure to constantly scramble begins to fade.\nA financial adviser can help translate those principles into a plan that fits real life, weighing income, risk tolerance, time horizon, and how assets like stocks and real estate should work together. The goal is not to replicate Munger's fortune. It is to apply his logic: reach a solid foundation once, and let time do the rest.\nSome elements of this story were previously reported by Benzinga and it has been updated.\nRead Next: Buffett's Secret to Wealth? Private Real Estate—Get Institutional Access Yourself\nImage: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2592918856","isCrawlerRequest":true}