Berkshire Hathaway Inc (BRK.B)

[bar1080]

GFP I knew this Munger-ism decades before Charlie made it famous:

"'You gotta do it': the late Charlie Munger once said your first $100K is the toughest to earn — but most crucial for building wealth."

The tax law was once quite favorable to putting money in a kid's name. And I took advantage of that by opening a low cost Vanguard brokerage account for each of my sons soon after they were born. Both accounts were populated with the Vanguard Total Market Stock index mutual fund (there were no ETFs then). I or grandparents may have added a little more money as time went on, but I never sold. And I paid for their educations through college.

Hence, the day the kids graduated college both had a good notion of how to preserve wealth and how to grow it.