Charlie Munger: 10 Money Habits That Are keeping You Broke & Poor

Charlie Munger shares his wisdom for 15 minutes straight. Hope you guys enjoy it and learn many great lessons from the 98 year old self-made billionaire.

Being a vice chairman of Berkshire Hathaway and the closest partner (right hand man) of Warren Buffett, Charles T. Munger has a net worth of around $2 billion. He is a profoundly wise man who is absolutely worth listening to, especially when it comes to investing, the psychology of wealthy people, rationality, and life experience.

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Click the link for a great financial planner to manage your money, plan for the future, and reach your financial goals.

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Chapters:
00:00:00 - The Frugal Lifestyle of Charlie Munger
00:01:42 - Facing the Facts About Your Finances
00:03:17 - The Impact of Spending Habits on Financial Health
00:04:54 - Success through patience and rationality
00:06:43 - The Dangers of Seeking Fast Wealth
00:08:21 - Striving for a Low-Cost Lifestyle
00:10:01 - Charlie Munger's Advice on Keeping Expenses Low
00:11:47 - The Three L's: Liquor, Ladies, Leverage
00:13:27 - Pitfalls of Financial Choices
00:14:56 - Survival through Adaptability

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DISCLAIMERS: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
#charliemunger #moneyhabits #warrenbuffet