It requires humility, and fear that what you’ve made can be taken away from you just as fast. But keeping money requires the opposite of taking risk. “Getting money requires taking risks, being optimistic, and putting yourself out there. $81.5 billion came after he qualified for Social Security, in his mid-60s.”Ĭompounding is deceptively powerful. Of that, $84.2 billion was accumulated after his 50th birthday. “As I write this Warren Buffet’s net worth is $84.5 billion. It’s fine to pursue more money, but don’t start making risky bets that put what you have at risk for something that you don’t need. When it comes to money, someone will always have more of it than you. This is often driven by comparing yourself to others, and you’re often comparing yourself to someone who is above you in the ladder that you benchmark yourself against. Once you achieve your goals, you look toward the next goal. It’s easy to have a goalpost that keeps moving. – Warren Buffet Resurfaced using Readwise “There is no reason to risk what you have and need for what you don’t have and don’t need. The world is uncertain, and it may not be your fault if something goes wrong. “But more important is that as much as we recognize the role of luck in success, the role of risk means we should forgive ourselves and leave room for understanding when judging failures.”īe kind to yourself when you make a mistake or end up on the wrong side of risk. It’s difficult to replicate the outcomes of successful individuals, but you may be able to participate in broader patterns.
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