• The first £177,835.50 is the HARDEST...

  • Mar 23 2025
  • Length: 6 mins
  • Podcast

The first £177,835.50 is the HARDEST...

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  • Summary

  • You know what they say - the first £177,835.50 is the hardest.

    No, it's not the first million - though you'll be well on your way to that.

    It's about getting to launch velocity - where compounding begins to do some of the heavy lifting for you.

    Charlie Munger wrote in the 1998 Berkshire Hathaway Shareholder Letter that "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. After that, you can ease off the gas a little bit."

    Thanks to inflation, $100k in 1998 is the equivalent of $225k now. And $225k for us Brits is £177,835.50.

    So, find a way to get your hands on £177,835.50, and THEN ease off the gas a little bit...

    The One Percent Club doors are NOW OPEN - until 9pm on Monday 31st March
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