10. View Money as a Long-Term Game
Buffett once said, "Someone's sitting in the shade today because someone planted a tree a long time ago." And it's true. Planting and nurturing the seeds of financial success now will lead to shade to enjoy later in life. That shade might include freedom from debts, a secure retirement or the ability to cover the cost of college for your children.
Such a long-term view of money is central to Buffett's investing decisions. In his 2014 letter to shareholders, he said people should "invest with a multi-decade horizon … Their focus should remain fixed on attaining significant gains in purchasing power over their investing lifetime." He urged investors not to focus on moments of stock market volatility or economic crisis.
Building true wealth and financial security takes time, and you'll likely encounter financial challenges along the way. But viewing your finances as a lifelong endeavor can help you stay on course despite hardships. That gives you a financial foundation that will last.
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