You may have noticed a new face on the channel! This is Conor: Conor runs an investment fund that invests in and builds privately owned, high-growth technology companies in the U.K. He also invests in publicly-listed, undervalued compounding machines around the world. Conor enjoys sharing his investment insights by giving presentations at investment conferences like Guy Spier’s ValueX.
For you guys that don't know, Charlie said this in the 90s. Today that 100k is now close to 250k with inflation meaning you need to get to your first 250k.
@@DomWeaveryou are right. Even if the money isn’t buying as much, it’s still going to reach you to a million at the same speed. It still doesn’t change your approach. If you try to save for that first 100,000, you’ll still keep going to continue building wealth. So yeah, it may not the same exact amount of buying power, but I’m sure everyone would agree that hitting that first 100,000 is still wayyyy better than nothing in reaching 240,000.
@@DomWeaverThat’s what I was thinking. It’s a psychological thing. I realize 100K isn’t all that much money anymore, but it’s an easier goal to set for most since 250K seems so unattainable to start.
I'm not 100% sure, but I'm confident it may have been sarcastic/a funny rhetorical joke that meant it's more robotic than human. It's a funny statement nonetheless. Whether or not it may be a critique or a joke, it's a “true statement.” 😉😉😉😉
@@VicsPoolService There is no sarcasm in my statement. He helps us investors by making these videos and I felt obliged to thank him back by frank feedback
Setting my daughter up with a Roth IRA as soon as she starts earning this next year at 14. Max it out every year. Try to get her to $100k in a tax-free Roth by age 22. If she keeps at it after college she'll have over 10 million tax free at 65. The valve of that will be more than double that of a taxable investment.
From zero to 100k was easy, the first few million was easy. 10s of millions and up are harder for me. But it depends on the person and how smart they are.
I think I really noticed the difference once I got past £140,000. Great advice. I just don't have the time to make a million. Plus I want to enjoy my money. But I might get to £250,000
Good video but seems like all the others now. I Preferred the original format of drawings as the woman spoke. Probably because I’m more of a visual learner. Just my feed back. Great job though.
This is actually BS. Which timeframe did you take for your analysis? Do you know that this strategy works in a financial system which has constant expansion of the money supply. So yeah this theory worked for the last 50 years. I'm not so sure it will for the next 50, if demographics, money supply declines - Interest rates rise.
Compound interest is all well and good but it’s far harder to find investments that can compound at a high rate for a long time. It’s certainly tough in equities and fixed income rarely allows you interest that is slightly above inflation. Charlie’s words are to be taken in context. WB and CM didn’t make Berkshire purely on compound interest but also on well timed investments when markets corrected as well as in fantastic growing free cash flow businesses. Just getting to 100,000 isn’t all there’s to it. So many other factors matter.
This video assumed a an average rate of return of 10% which is investing in a broad market like the S&P 500 or SPY ETF to eventually reach a retirement amount much greater than the average person.
@@UA-camUserID that doesn’t negate my point about what Charlie says is not that simple and straightforward. There’s a lot of factors that go into being successful at compounding your wealth. Especially if you’re trying to do it like Warren and Charlie.
Every time i get a raise, I add that amount of money to my 401k contribution. For the past 5 or 6 years I've been living on the same amount of money. I'm light years ahead of most people my age, including the ones that make more than I do.
You may have noticed a new face on the channel! This is Conor:
Conor runs an investment fund that invests in and builds privately owned, high-growth technology companies in the U.K. He also invests in publicly-listed, undervalued compounding machines around the world. Conor enjoys sharing his investment insights by giving presentations at investment conferences like Guy Spier’s ValueX.
For you guys that don't know, Charlie said this in the 90s. Today that 100k is now close to 250k with inflation meaning you need to get to your first 250k.
@user-investor_center_1 I don't see a check mark as a verified account.
False. 100k is true to get to a million. Math does not inflate
If your logic is true. Then if you get 100k it should be wayyyy easier to get 1million with your stance.
@@DomWeaveryou are right. Even if the money isn’t buying as much, it’s still going to reach you to a million at the same speed. It still doesn’t change your approach. If you try to save for that first 100,000, you’ll still keep going to continue building wealth. So yeah, it may not the same exact amount of buying power, but I’m sure everyone would agree that hitting that first 100,000 is still wayyyy better than nothing in reaching 240,000.
@@DomWeaverThat’s what I was thinking. It’s a psychological thing. I realize 100K isn’t all that much money anymore, but it’s an easier goal to set for most since 250K seems so unattainable to start.
Good, this makes your videos more human and less robotic
Thanks for the positive feedback!
I'm not 100% sure, but I'm confident it may have been sarcastic/a funny rhetorical joke that meant it's more robotic than human. It's a funny statement nonetheless. Whether or not it may be a critique or a joke, it's a “true statement.” 😉😉😉😉
@@VicsPoolService There is no sarcasm in my statement. He helps us investors by making these videos and I felt obliged to thank him back by frank feedback
The point was made after first 2 sec
This is a great video and loving the new presenter - really adds some personality to the channel!
This video explained the both passive as well as active income. Thanks for sharing this.
Glad it was helpful!
Setting my daughter up with a Roth IRA as soon as she starts earning this next year at 14. Max it out every year. Try to get her to $100k in a tax-free Roth by age 22.
If she keeps at it after college she'll have over 10 million tax free at 65.
The valve of that will be more than double that of a taxable investment.
Sounds like you are a great father!
From zero to 100k was easy, the first few million was easy. 10s of millions and up are harder for me.
But it depends on the person and how smart they are.
Not true even with a million dollars the capital grows slowly and it is not easy to earn a 10% net return 5% net is more real
Reply
I’m still waiting for the explosion at 190k atm …
This is 200k in today's money.
No, it is almost 250K. More like 243K.
It’s still 100k. It’s just math. The money is worth less but the averages and rate of growth is about the same.
@@drumyogi9281 like I said. It's 200k in today's money.
College is not a waste of time
I think I really noticed the difference once I got past £140,000. Great advice. I just don't have the time to make a million. Plus I want to enjoy my money. But I might get to £250,000
So do you put 100,000 in a IRA account or invest it a dividend stock?
That 100k is 243k today from when Charlie said it in the 90s. You should start a business.
Good video but seems like all the others now. I Preferred the original format of drawings as the woman spoke. Probably because I’m more of a visual learner. Just my feed back. Great job though.
Yeah I did too it's going to be missed 😢
What did you think of the video?
@@InvestorCenter great video production overall man sometimes to grow you must change.
@@VicsPoolService thank you ❤️
What's up Conor? Good job on the new video!
This is actually BS. Which timeframe did you take for your analysis? Do you know that this strategy works in a financial system which has constant expansion of the money supply. So yeah this theory worked for the last 50 years. I'm not so sure it will for the next 50, if demographics, money supply declines - Interest rates rise.
Where is your girlfriend?
She’s still around
@@InvestorCenter nice 👍
Awesome, although the move from North American unseen female to UK in person male is blowing my mind slightly.
What did you think of the video?
Way to destroy a good thing. I probably won’t come back again.
Probably more like 200k today adjusted for inflation. Good luck my fellow plebs, we desperately need it.
Probably correct now….At least $150K
Do you have an EIN or LLC and active bank to receive funds
@@Grantwallacemailacortaija yes
@@RudolfMaister420 check my description for more details to apply
Check my description for more details to apply
I dislike the video, i want to hear Charlie and only Charlie, I don’t need your sports commentary. I have ears.
I agree. This was not a video of Charlie Munger explaining why net worth explodes after 100k.
Compound interest is all well and good but it’s far harder to find investments that can compound at a high rate for a long time. It’s certainly tough in equities and fixed income rarely allows you interest that is slightly above inflation. Charlie’s words are to be taken in context. WB and CM didn’t make Berkshire purely on compound interest but also on well timed investments when markets corrected as well as in fantastic growing free cash flow businesses. Just getting to 100,000 isn’t all there’s to it. So many other factors matter.
This video assumed a an average rate of return of 10% which is investing in a broad market like the S&P 500 or SPY ETF to eventually reach a retirement amount much greater than the average person.
@@UA-camUserID that doesn’t negate my point about what Charlie says is not that simple and straightforward. There’s a lot of factors that go into being successful at compounding your wealth. Especially if you’re trying to do it like Warren and Charlie.
I didn’t originally subscribe for this guy , thumbs down for sure. Where is the original
Another one of those "once you hit 100k it's all downhill from there" bullshit videos.
10% annual returns! please tell us where!
Thank you for this lesson. It has _compounded_ my knowledge, if you pardon the pun
Good one!
Every time i get a raise, I add that amount of money to my 401k contribution. For the past 5 or 6 years I've been living on the same amount of money. I'm light years ahead of most people my age, including the ones that make more than I do.
Anyone from BD🇧🇩
Present 😊
🎉
Time Value of Money
Amazing video!
Thanks!
Please go back to the original. Or why not just make a second channel rather than mess with a great formula
Thank you 👍👍👍
What did you think of the video
I liked it and shared with a couple of people. As to the narrator, I'm used to the prior person (and like her voice), but he did a very good job 👍👍👍
@@robertclarkson6064 ❤️❤️❤️❤️❤️
Kudos to the Book in the back
Teach us the next phase of how to read financial reports.
Glad you saw the book! Stay tuned for those videos!
Is that Poor Charlie’s Almanack?
@@rbl24758 yes it is!
Great thanks!
❤