Actually, a lot of people get it wrong from the start. The goal of investing isn’t about how many times you can multiply your money, and it’s definitely not about getting rich quick. It’s about building a stable cash flow. In my opinion, the true purpose of investing is to create a system where you can generate consistent income without having to sell your assets. This is what @naval calls “wealth you earn while you sleep”! The path is actually pretty clear: 1️⃣ Start by using your job or business to save up your first chunk of capital. 2️⃣ Use “money you can afford to lose” to test your trading logic. 3️⃣ Spend a few years refining a system that can generate long-term profits. 4️⃣ Let growth/dividends/interest/cash flow start bringing in steady income every year. 5️⃣ When your annual returns can cover your living expenses, you’ve achieved the most basic level of freedom. This process will involve making mistakes and trial-and-error, but survival is key. That’s why Buffett always emphasizes the importance of capital—capital means opportunities for the future. Most people get stuck before Step 2, a few fail at Step 3, and those who make it to Step 4 are already survivors in this market. It’s like this image: most of the time, we’re groping our way through the fog. But if we stay steady, make time our ally, and keep moving in the right direction, the fog will eventually clear, and everything will become crystal clear.