the millionaire’s biggest regret
updated 2mo ago
the millionaire’s biggest regret
“Maintain a margin of safety—even when it’s going well. Rich people go bankrupt chasing even more wealth. Fit people get injured chasing personal records. Productive people become ineffective taking on too many projects. Don’t let your ambition ruin your position.”
from 3-2-1: On Mentors, Margin of Safety, and How to Say No | James Clear by jamesclear.com
Steven Kempton added
- "It's easy to assume that getting rich in money will also mean you are rich in time, but it is often the case that when you earn more money, you end up with less time and more responsibilities.
Being rich is nice, but what you really want to optimize for is (1) an income that exceeds your spending by a healthy margin and (2) a lifestyle that is fre... See morefrom 3-2-1: On self-worth, how to have style, and how to build a great career