> [!quote] > It's so simple. > > You spend less than you earn. > > Invest shrewdly. Avoid toxic people and toxic activities. Try to keep learning all your life. And do a lot of deferred gratification. > If you do all of those things, you are almost certain to succeed. > And if you don't, you're going to need a lot of luck. > > And you don't want to need a lot of luck. You want to go into a game where you're very likely to win without having any unusual luck. > > -- Charlie Munger