Richard Canfield breaks down Richard Russell's three requirements for investor success: a clear plan, self-discipline, and genuine desire. Without desire, you won't save money to invest. Without a written plan and the discipline to stick to it, the capital sits idle.
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So this article by Richard Russell, a couple of things that he identifies in some of his writing was that for the majority of investors, majority of investors, making money requires a plan, self-discipline, and desire. Boom. Plan, self-discipline, desire. Those are 3 critical elements. So if you're watching this and you don't have those things, or you don't, you haven't considered implementing them in some degree in your life, like, why is that? And consider your own circumstance where you're at at this stage in life. How much of that have you already done to this point? How much plan did you actually have in place written in some way? Self-discipline to manage it effectively, keep an eye on it, keep tabs on it, be aware, and how much desire you have to— like, desire would also directly correlate to something else, also like capitalization. You desire, you have to put capital in, you have to have a desire to make sure you're saving or compartmentalizing money away from your regular budget, not spending it, to be able to implement these types of things.