Do You Want To Build Longterm Wealth?

English - December 12, 2023 12:15 - 14 minutes - 6.59 MB - ★★★★★ - 1 rating
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How do you build long-term wealth? It’s a scammy question. You are right.

But, if you cared about doing it right, this did not make you click and read this far.

The psychology and behavior of building long-term wealth is much different than building it in the short-term.

It requires you to think about how do I actually live a good life for a long time.

This is much more realistic than any clickbait YouTube course will tell you.

But, it is hard.

When I say think 90 years of investing, you laugh.

You do.

You say “Maslach is a baffoon. Who is going to do that?”

It is very difficult for almost all. We have to fight off short run thoughts that lead to what you believe that wealth is a short run play.

It is not.

This process is very similar to many things in life, such as exercising, studying, and losing weight.

Long-run wealth building, requires humility, and being counter to most of culture.

You have to be OK with looking like the poorest in the room.

You don’t even need to understand business or investing that much, when you start.

Building wealth is really is just you battling YOU.

How do I know?

I am talking to myself.