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Wealthy people don't chase the next big score. They follow one rule: never lose money. Instead of spraying capital at risky bets, they focus on defending what they already have.
Wealthy people don't chase the next big score. They follow one rule: never lose money. Instead of spraying capital at risky bets, they focus on defending what they already have.
What do actual rich people do? What I was doing was what I thought rich people do. And it turns out the way they think about money is completely different than most of us think. Most of us take on a lot more risk than actual rich people do. The number one rule of the wealthy is to never lose money. And what I was doing was going out and spraying and praying and shotgunning my capital everywhere and hoping that I was going to strike it big and invest in the next Uber when all I should have really been doing was transitioning to be a defender of wealth and protecting what I had already built.
