This rebuttal once again made me laugh, I don't know why we have to replace 'ordinary people' with 'cash flow disruptions, moonlight, and individual debt'. Is there a cognitive bias here? You're not talking about ordinary people at all, this is someone whose finances are already in a danger zone. For such people, the question is not whether they are long-term or short-term oriented, But there should be no ideology at all, so we should not invest first, but rather repair our cash flow first. Secondly, replace 'long termism' with 'mindless investment, carrying on without hesitation, and ignoring risks'. What kind of logic is this? We are talking about the long-term system: cash flow, low leverage, position, fixed investment, high-quality assets, health, and income capacity. What you are refuting is the target in your mind that "even poor people go to Suoha for a long time", which is equivalent to setting a target for yourself to hit. Is it interesting? Thirdly, you replaced the "threshold" with "qualification". Longtermism certainly has a threshold, but the threshold is not to block ordinary people from entering, but to tell them how to gradually build long-term capabilities. Moreover, having a threshold ≠ you don't deserve it. There are thresholds=you need to start with cash flow, discipline, position, and risk control. And this threshold is much lower than the threshold for obtaining a big result or opportunity in the market, which is why I say it is suitable for ordinary people. Here are some of my advice, and I will not reply to this post in the future, I don't expect my views to save some people either. If you happen to see and agree, congratulations. You should have exceptional talent, If you think all of my nonsense is good, I won't argue with you. Everyone needs to experience it, and the reason why chives are chives is because chives can only be harvested and cannot be redeemed, I am not here to redeem anyone, I only redeem myself! one ️⃣ Go read the book 'The Psychology of Money'. There is only one way for ordinary people to earn money through investment: Use long-term unused money to continuously buy low-cost high-quality assets, control positions and leverage, endure fluctuations, and let time and compound interest make money for you. Note that every word in this sentence is important: Long term unused money means that one cannot invest in living expenses, rent, or life-saving funds; Low cost and high-quality assets mean it's not buying local dogs indiscriminately Meme、 Contract and imitation; Controlling positions and leverage means not just holding full positions or borrowing money to place bets; Enduring fluctuations means not cutting off every drop or chasing after every rise; Time and compound interest mean that you accept gradually becoming rich, rather than fantasizing about a turnaround. This is what I mean by long termism. People with broken cash flow, moonlight, and heavy debts are certainly not suitable for investment. But this is not 'ordinary people are not suitable for long termism', this is' people whose finances are already in danger are not suitable for investment '. If a person has no cash flow, no stable income for a month, and is even in debt, then their most important thing now is not investment, but: Work first, Pay off the debt first, Reduce expenses first, Establish an emergency fund first, First, make your cash flow positive. Isn't this just long termism? You think this is survivalism, but I say this is the first step of long termism. True long termism does not start with buying BTC, buying the Nasdaq, or buying the S&P. True long termism starts with 'not letting oneself be killed by short-term risks'. two ️⃣ Your biggest problem is that you have labeled 'long termism has a threshold' as' ordinary people are not qualified for long termism '. This is the concept of substitution. Long termism certainly has a threshold. But this threshold is not an identity threshold, not an asset threshold, and it doesn't mean that if you're not an A8/A9, you don't deserve to talk about the long term. It is a threshold for behavior. Can you control the debt? Can we continue working? Can we stabilize cash flow? Can we avoid high leverage? Can we not invest in living expenses? Can I only participate with a small amount of spare money every month? Can long-term learning, long-term review, and long-term improvement of income ability be achieved? These are not exclusive abilities of the wealthy. These are precisely the abilities that ordinary people should establish the most. So my point of view has never been: 'Ordinary people just need to make a decision without thinking.' My opinion is that ordinary people should establish a system of survival, accumulation, investment, and growth with a long-term perspective. And you repeatedly use phrases like "moonlight tribe, cash flow fracture, debt group" to refute long termism, just like when others say that ordinary people need to exercise, you step out and say: Can a person who has just undergone surgery run? Can a person with a broken bone get an iron massage? Of course not. But does this prove that ordinary people should not value their health? The page cannot. It can only prove that people at different stages need to establish the same long-term goal with different intensities and methods. three ️⃣ Existentialism is not the opposite of long termism, but the bottom layer of long termism. Survive first, then talk about long termism. This statement itself is correct. But the question is, how can we survive? Do you rely on waiting for the opportunity to do it hard once? Relying on short-term games? Can we turn things around by relying on contracts? Do you get rich by relying on imitation? Is it possible to achieve class transition through a single window? This is the most dangerous illusion for ordinary people. A person with poor cash flow, high debt, and weak risk tolerance who still wants to turn things around through investment is likely to end up with a failure rather than a turnaround. People with broken cash flow, don't invest, repair cash flow first; People with high debt should not speculate, but first reduce their debt; For people with unstable income, do not add leverage, first improve income stability; People without emergency funds should not fill up their inventory and leave a safety cushion first; People who cannot withstand volatility should not heavily invest in high volatility assets. First, establish awareness and position discipline. This is not against long termism. This is precisely long termism. Longtermism is not about 'I have money for the long term'. Longtermism is' Starting today, I will no longer ruin my long-term life with short-term impulses'. four ️⃣ survivorship bias Longtermism certainly does not guarantee success. There is no way to guarantee that ordinary people will definitely get rich. But compared to 'waiting for the opportunity to do it hard once', long termism is at least a more replicable, lower risk, and more in line with the practical conditions of ordinary people. Why are short-term wealth stories attractive? Because it stimulates. Because it's fast. Because it makes people feel like they can also turn things around. But the problem is that those who die in the market cannot speak. People who experience liquidation will not come out every day to review. The person who returns to zero will not become a case. The ones who are truly spread are always those few successful individuals. This is the survivorship bias. If you see someone earning money through ten-year compound interest, say it's a survivorship bias; Isn't it a greater survivorship bias to make ordinary people wait for a chance and do it hard? The biggest problem for ordinary people is not having too few opportunities. The biggest problem for ordinary people is that they cannot afford to take the wrong opportunity. five ️⃣ Conclusion—— I am not opposed to the threshold of long termism, Long termism certainly has a threshold. But ordinary people should not adopt long termism just because they have a threshold. Ordinary people need to gradually cross these thresholds through long termism. True long termism is the simplest, lowest cost, and most realistic method for ordinary people to combat uncertainty. In the end, I laughed when I talked about my wife. Her successful investment had nothing to do with me. She only received a small portion of her salary and followed the simplest principle: No excessive leverage; Not gambling on living expenses; Not chasing the rise and killing the fall every day; Not scared by short-term fluctuations; Having stable cash flow; There is a family risk cushion; Willing to implement a simple but correct strategy. Isn't this a model that ordinary people can truly replicate? This part is not my cognition or my position, but this set of behavioral rules: first repair cash flow, then control liabilities; Establish a safety cushion first, and then allocate assets; Improve income ability first, and then wait for opportunities; Let yourself survive first, and then gradually become stronger.