Heyo! Welcome to the $100 MBA Show helping you build the business of your dreams with practical business lessons. I'm your host, your coach, your teacher Omar is at home, and in today's lesson you

will learn the golden milestone, why your first $100,000 is the most crucial.

Today we're going to unpack a milestone that might just be the most pivotal achievement in your business and in your life, the crucial first

hundred thousand dollars in revenue and then profit.

This episode is inspired and comes directly from a quote that Charlie Munger is known for.

Charlie Munger is a very, very famous investor.

He is Warren Buffett's business partner.

He recently passed away last year but lived to the age

of 99. He once said that your first $100,000 is the most crucial to building wealth.

It's the toughest but you got to do it. And in today's episode, we're going to talk about why that is so true, how to get over those obstacles

to getting to 100K, and some action you can take right now so that you can be on the path to getting to that $100,000 mark,

first in revenue in your business, then in profit.

And of course, today's lesson can be applied in your business and in your life. So let's get into it. Let's get down to business.

Now before we dive in I want to share with you a quick story for my own personal life. I cannot tell you how true this is.

Your first $100,000 in business and in life are the hardest.

When I started my full-time entrepreneurial career, I was living in New York, things were really tough.

I was barely making rent, living a very challenging existence, trying to make money with client

work, trying to make ends of meet, I was not eating very healthy

because I couldn't afford healthy food.

And I actually remember the day that we actually hit the 100K mark in revenue in our business and it took about three years of full-time effort.

It was our early 2015. Once we hit that mark things just got a lot easier and I'll explain why. But first, why is this so hard?

Well think about it. Think about how hard it is for the average person to just have a

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