Investing in stocks is a masterclass in self-improvement.

- It makes you uncomfortable
- It challenges you with complex problems
- Your success is directly tied to your decisions
- You push yourself to manage your emotions

In what other pursuit can you get these benefits?

Charlie Munger about financial freedom:

“The first $100,000 is the hardest.”

Don’t be discouraged by big earners. It takes about 5 years to reach this milestone for most folks.

Give yourself the gift of time. Don’t quit - unrealistic expectations often lead to giving up.

Are you tired of constantly worrying and feeling overwhelmed?

Try the '5-minute worry time' technique when you’re stressed.

When you invest, say goodbye to your money for now. And don’t set a date for when you reunite.

Just say, “I’m going to send you away. Do your work. And maybe we’ll see each other in a few decades.”

Patience is a mindset. It’s one you must cultivate through your actions and self-talk.

They go hand in hand.

Don’t expect you to become a patient investor overnight. You need to regularly invest and then simply wait.

You can read about investing and compounding as much as you want. But unless you don’t have the patience to let your money compound, you can never reap the benefits.

Impatient people are often highly productive. They just refuse to wait.

But investing favors the impatient.

As Charlie Munger said: 'The big money is not in the buying and the selling but in the waiting.'

Here's how I learned to be more patient:

1. Understand how investing…

7 Lessons from Focus On What Matters

“The big money is not in the buying and selling, but in the waiting.”

— Charlie Munger

8 years of research. 3 years of writing. I can finally announce it!

My new book: The Stoic Path to Wealth.

It shows you how to build enduring wealth with a simple investing strategy.

Available for pre-order now!

stoicpathtowealth.com

Wealth creation is often exponential, not linear. As long as you make the right career and financial decisions, the effort you put in for years will eventually pay off.

It's a matter of time.

“Giving should be entered into in just the same way as investing. Giving is investing.”

— John D. Rockefeller

When you start something new, it’s not about your results. When I started writing every day, I couldn’t care less about how many words I wrote. Or when I started getting daily exercise, I didn’t care what type of exercise. I just wanted to make sure I did it.

When it comes to productivity, freedom is your enemy. The fact is that, if you want to get things done, you need rules. The more specific those rules, the more focused you will be.

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“Take a simple idea and take it seriously.”

— Charlie Munger

Spanish version of Do It Today

A beautiful reminder from Seneca:

“Life, as you know, is not a thing that should be held onto forever. Merely to live is not in itself good, but rather, to live well.”

Live well my friend!