He was 41 when he earned his first million: the real people who get rich rely on nothing but patience
He said that what truly makes someone extremely wealthy is actually just one thing—patience.
He himself didn’t make his first million dollars until he was 41. The reason was simple: the money he earned all went back into the business, not into spending. By contrast, other people pour their money into yachts, Ferraris, and horse racing—in his eyes, those are unprofitable assets.
So the mistake most people make is “wanting to get rich overnight”; the biggest mistake is greed. He’s honest that he’s been greedy too—and has fallen on his face.
How do you tell whether you’re being greedy? His standard is just one sentence: if it’s “too good to be true,” then it isn’t true. If someone comes to you saying, “We’ll give you 11% interest”—run.
Speed is the most expensive illusion of this era; only slowness allows compound interest to take the stage.
#耐心 #慢慢变富 #长期主义 #复利思维
He said that what truly makes someone extremely wealthy is actually just one thing—patience.
He himself didn’t make his first million dollars until he was 41. The reason was simple: the money he earned all went back into the business, not into spending. By contrast, other people pour their money into yachts, Ferraris, and horse racing—in his eyes, those are unprofitable assets.
So the mistake most people make is “wanting to get rich overnight”; the biggest mistake is greed. He’s honest that he’s been greedy too—and has fallen on his face.
How do you tell whether you’re being greedy? His standard is just one sentence: if it’s “too good to be true,” then it isn’t true. If someone comes to you saying, “We’ll give you 11% interest”—run.
Speed is the most expensive illusion of this era; only slowness allows compound interest to take the stage.
#耐心 #慢慢变富 #长期主义 #复利思维