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The late Charlie Munger famously said that accumulating the 1st $100 000, with no seed money from a standing start is the most difficult part of building wealth. His words were something along the lines of “The 1st $100 000 is a bitch, but you’ve got to do it”.
This blog is dedicated towards this quest. Helping you to accumulate your 1st $100 000. The title is also inspired by Charlie's quote. If you already have $100 000, then think about the 1st $1000 000 or the 1st $10 000 000.
For many, $100 000, is allot of money, and I agree it is. But this is only the foundation that is required to build real wealth. The idea is to help you to secure your future, the future of your family and anybody else of importance to you. Whatever form that might take, completely depends on you.
Imagine planting a seed and waiting for it to grow. There is some discipline involved - you have to water it and give it enough natural light - and also some patience - you have to wait. But, then one day, out of the blue you see a little green shoot sticking out above the soil, and in that moment, you know that your patience and discipline have paid off. Personal wealth is exactly like that. It requires the will to do something and then the patience and discipline to carry it through. $100 000, is your green shoot, the beginning, the foundation. After you have accomplished this, it must be nurtured it into something substantial - something awesome - something completely life changing.
Ok, that's it, that's the introduction. We will cover all manner of topics relating to personal finance, family finance and the markets.
I hope you will find the blog helpful and that it will inspire some ideas.
Please remember that none of this should be considered or construed as financial advice. You have not engaged me to be your financial advisor. The writings are my thoughts and ideas about finance, it is NOT FINANCIAL ADVICE! In my professional capacity I am employed by NEXUS group in Dubai. None of what I write here is the opinion of NEXUS.
If you would like to talk to me in a professional capacity, you can find me here. I would love to meet you.
Take care.
Hendrik
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