Be patient and disciplined from "summary" of The Simple Path to Wealth by Jl Collins
The concept of being patient and disciplined is fundamental when it comes to investing. It is not about trying to time the market or making quick decisions based on emotions. Instead, it is about having a long-term perspective and sticking to a plan even when things get tough. Being patient means understanding that investing is a long-term game. It is about staying calm and not being swayed by the daily fluctuations of the market. By being patient, you give your investments time to grow and compound over the years. This is where the real wealth-building happens. Discipline, on the other hand, is about sticking to your investment plan no matter what. It means not giving in to the temptation to buy or sell based on fear or greed. Discipline is what separates successful investors from those who constantly lose money in the market. When you combine patience and discipline, you set yourself up for success in the world of investing. By staying the course and not deviating from your plan, you give yourself the best chance of achieving your financial goals. It may not always be easy, but the rewards are well worth it in the end. So, remember to stay patient and disciplined in your investment journey. Trust in the power of compounding and the long-term growth of the market. By doing so, you will be well on your way to building wealth and securing your financial future.
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