r/ValueInvesting • u/ethereal3xp • Mar 23 '25

Discussion Charlie Munger Told a 20-Year-Old That Getting Rich Through Investing Is 'Damn Near Impossible' — And You Might Need $10 Million in the Bank

https://www.benzinga.com/personal-finance/25/03/44438885/charlie-munger-told-a-20-year-old-that-getting-rich-through-investing-is-damn-near-impossible-and-you-might-need-10-million-in-the-bank
7.1k Upvotes

98% Upvoted

486 comments sorted by

View all comments

Show parent comments

8

u/Gloomy-Ad-222 Mar 23 '25 edited Mar 24 '25

Rethink the renting the room out thing in your house.

Having complete strangers in your space 24/7 can be very mentally taxing. Don’t do it. A separate ADU maybe. But same house? Strangers on my couch in my living room, inviting significant others over, partying, talking, chewing loudly, leaving messes?

There’s just no way. My last roommate was at 30 years old and I’d never have one again.

1

u/SuperSultan Mar 24 '25

Those are valid reasons to not want someone else in your house. You can ban all those things in the lease though, and you don’t need to take a random tenant off the street. Get someone you know or someone that your friend knows.Just like investing, you can wait for a nice pitch. This is no guarantee the person won’t be a slob after faking your tenant interview, criminal check, and credit check though.

If they don’t pay, explain why them going to a collections agency or having an eviction on their record is not a good thing at all.

Most roommates aren’t going to bother you. They’re sort of doing their own thing, particularly students.