How long does it take to get the first $100k?

As Charlie Munger said, getting the first $100k is a b*tch, but once you cross that threshold, your savings begin to do the heavy lifting for you. Notice in the chart above that it takes 7 – 8 years to save the first $100k no matter what annual interest rate your savings grows at.

Is your first $100k the toughest to earn?

'You gotta do it': the late Charlie Munger once said your first $100K is the toughest to earn — but most crucial for building wealth. Here are 5 ways to reach that magical milestone 'You gotta do it': the late Charlie Munger once said your first $100K is the toughest to earn — but most crucial for building wealth.

Is a first $100,000 a good investment?

One of his most famous and colorful pieces of investing advice, offered more than two decades ago to an audience member at an annual meeting of Berkshire Hathaway shareholders, was that amassing your first $100,000 is a critical early milestone on the path to long-term wealth. “It’s a b—-, but you gotta do it,” Munger said.