Think long term from "summary" of Insights on Morgan Housel’s The Psychology of Money by Swift Reads
To truly understand the concept of thinking long term, it is crucial to recognize that most of the important things in life take time. Success, wealth, relationships, personal growth – all of these aspects require patience and a willingness to delay gratification in the short term for greater rewards in the future. By adopting a long-term mindset, individuals can avoid the pitfalls of short-sighted decisions that often lead to financial troubles and missed opportunities. It involves making choices with the future in mind, rather than seeking instant gratification or trying to time the market perfectly. Thinking long term also means acknowledging that setbacks and failures are a normal part of the journey towards success. Rather than being discouraged by temporary setback...
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