Getting Wealthy vs. Staying Wealthy

Good investing is not about making good decisions. It’s about consistently not screwing up.

There are a million ways to get wealthy. The only way to stay wealthy is some combination of frugality and paranoia.

● Money success in a single word: survival. The ability to stick around for a long time without wiping out, or being forced to give up, is what makes the biggest difference.

● Getting money requires taking risks, being optimistic, and putting yourself out there.

● Keeping money requires the opposite of taking risks, it requires humility.

CURATED FROM: The Psychology of Money

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