Forget billionaire Charlie Munger’s rule about saving your first $100K — why everything changes at the $20K mark
Yahoo Finance·2025-10-06 22:00
If you’re trying to build wealth, your first six figures in savings is a huge milestone. That’s according to the late billionaire Charlie Munger. “It’s a b—-, but you gotta do it,” Munger told investors at an annual Berkshire Hathaway meeting two decades ago. “I don’t care what you have to do — 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. After that, you can ease off the gas a little bit.” Must Read Munger was foc ...