# @benzinga on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DIwXNG6qoqj
- **Gondola URL:** https://gondola.cc/posts/29703352-benzinga-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/c438ef8946.jpg
- **Posted:** 2025-04-22T16:32:11.000+00:00
- **Account Owner:** Benzinga | News That Moves (@benzinga) — https://gondola.cc/benzinga

## Caption

Charlie Munger wasn't just Warren Buffett's right-hand man—he was a billionaire in his own right, a master of patience, and a straight shooter when it came to wealth-building. 

For decades, Munger dished out life lessons and money advice like a guy who knew the cheat codes. And he did. When you work shoulder to shoulder with the greatest investor of all time, people tend to lean in when you talk.

One of his final gems came on the "Acquired" podcast in October 2023. Munger, sharp as ever in his final months, made it sound almost simple:

"The beauty of it is: you only have to get rich once."

He wasn't talking about luck. He wasn't pitching get-rich-quick nonsense. He was saying: do the work, build the foundation, and once you're there—you can stop grinding and let the compounding do the heavy lifting.

Munger also made it painfully clear that the beginning is the toughest part. Back in the late ‘90s at a Berkshire Hathaway meeting, he put it bluntly:

"The first $100,000 is a b*tch, 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."

That $100,000 is equivalent to about $200,000 today when adjusted for inflation. So yes, the bar's higher now—but the principle still holds.

Munger's reasoning? Once you've crossed that first financial threshold, wealth begins to build itself. That initial $100K isn't just a number—it's momentum. It's proof you can delay gratification, make smart choices, and keep money working for you instead of the other way around.

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## Credits

These are the roles credited on Gondola. Credits may be incomplete.
A brand, account owner, or featured person is not necessarily the creator.

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Benzinga | News That Moves | @benzinga | https://gondola.cc/benzinga | Brand |
| Jacob Shipley | @okcmayor | https://gondola.cc/okcmayor | Director of Social Media |

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