Accept that uncertainty is part of life and that wealth is built through small wins that drive overall success, not by avoiding every failure.

Focus on your portfolio as a whole rather than individual investments, and use money to gain control of your time—the ultimate financial reward. Save not only for specific goals but also for unexpected events, as life is full of surprises, and unscheduled savings act as a crucial safety net.

Recognize that success has costs, such as uncertainty and regret, but these are often worth enduring. Build a margin of safety to protect yourself from setbacks, stay in the game long enough to benefit from compounding, and avoid extreme decisions that may lead to future regret. Flexibility and balance are key to navigating life’s inevitable changes.

———The Psychology of Money pg.232-234

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