Why You MUST Save $100,000 Right Now (Part 1 of 3)

I just had a great weekend with my girlfriend in North Carolina. Good things must come to an end and Now it is time to get back to work. My first order of business is money. Finances actually but in this case I will call it money.

Not just the simple standard question of how much do I make monthly. What does my overall take home pay look like, my debt total, my savings, and what are my long term investments looking like (401K is only thing I have right now.) The ultimate goal is to save $100,000. New goals means I have to overhaul all the old numbers. 


This weekend I read an article about a gentleman that was not yet 30 years old and he saved $100,000. The age and the gender doesn’t matter. But the fact that he saved $100,000 was a real kick in the butt for me. I thought to myself this man must feel super secure having that much money saved up.

 


Within the article this quote by Charlie Munger hit hard too. It was within the article that for the love of God I can’t find anymore. The quote is powerful! The quote says:

The first $100,000 is a bitch, but you gotta do it. 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. -Charlie Munger 


Charlie Munger is a partner of the famous Warren Buffet. He is also the vice chairman of Berkshire Hathaway. This man is worth about $1.6 billion dollars. So when is comes to money I would say he is an expert and you should listen.  

I thought about myself, you, and all the men we serve here in the 1% man community. “How secure would I be if I had $100,000 cash saved up?” How about you reading this right now. How secure would YOU be if you had $100,000 cash in the bank right now?


I decided that my next long term goal was to save $100,000. I topped out at $10,000 before making a hefty investment, but this time I must cut out all distractions. No matter what happens I must save $100,000. Now that is my long term savings plan.

With any plan I have to start somewhere so currently I am at $7K. That is not bad at all. But remember I not really at $7K because I have debt. So I will skip the accounting class and go right to my overall breakdown to saving $100,000. 


Now I will be releasing part 2 of 3 next week.

In that specific article I will breakdown everything I will be doing to save that $100,000. On top of that you will be able to copy my exact breakdown no matter how much money you make and where you are right now financially in life. If you want to learn The Breakdown To Save $100,000 Cash ( you can ethical copy it too) then click the button below and join my chatbot now so I can send it to you when it is released next week. 

 

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