A child asked, "Your life has been very smooth, how do you face setbacks?" Buffett likely replied, "You only need to become wealthy once in your life. If you don’t want to take risks that lead you back to poverty, then don’t do it." Buffett’s response is actually conveying a detail of financial freedom!

In fact, many people initially make money in trading, and some even make a lot. They begin to pursue numerical growth, distancing themselves from their actual needs. In reality, people do not need that much money in their daily lives, but these people artificially create demands for themselves, such as thinking they need a Lamborghini, a huge house, Michelin-starred meals every time, or dating high-scoring gold diggers, etc.

It is very irrational to constantly take risks to put oneself in a high-risk situation in pursuit of this artificially created demand. You might make a million by chance from high-leverage contracts after starting with tens of thousands, and then use that million to try and earn tens of millions or even hundreds of millions with more high-leverage contracts. Risks will follow, just like driving at 120 mph on the road, whether on the highway or in a busy city. Imagine this: when there are few cars, you can speed without worry, but as soon as the traffic increases or someone suddenly pops their head out, it could lead to disaster.

Buffett directly provided the answer: seize every opportunity. You only need one opportunity to become wealthy, and then you need to start changing your mindset. You must invest and start a business cautiously, trying to preserve the money you've already earned from this opportunity, slowly earning and gradually becoming rich through low-risk methods. Perhaps this is why Buffett says, "slowly becoming rich" is another explanation?

I even have a realization that our lives are governed by probability. Many times, it’s not that you lack ability; many people confidently venture into entrepreneurship and high-risk investments believing they won’t fail. But you cannot escape a life governed by probability; the success rate is so low, and no matter how capable you are, you might still face the possibility of failure under the influence of probability, leading to a decline.

Only after becoming wealthy once can we avoid any high-risk actions as much as possible to preserve our wealth, ensuring we never face setbacks in our finances. After all, living expenses are not that high, so don’t risk falling back into poverty!#MichaelSaylor暗示增持BTC

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