Stolen from u/happylittleoak
>Charlie Munger famously said
>“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.”
>In reference to the point where compound growth starts to noticeably kick in.
>However Charlie said this in the 1990s. I couldn’t find the exact date but I’ve assumed 1994 (30 years ago for round numbers)
>$100,000 in 1994 is $210,000 today.
>The first $210,000 is a bitch, but you gotta do it.
>https://www.usinflationcalculator.com/
……………………..
**However in Japan let us look at the first 10 million yen**
¥10,000,000 in 1994 → ¥11,254,054.26 in 2024
>The yen had an average inflation rate of 0.39% per year between 1994 and today, producing a cumulative price increase of 12.54%
In 1994 the Yen/Dollar were near parity.
-> Now that ¥10,000,000 is worth -> $65,500
-> The original goal of $100,000 -> ¥154,624,98.80
-> The new Goal of $210,000 -> ¥32,471,247.48
by Choice_Vegetable557