Well, I mean, they went through without a crash. By this criterion, by the way, it is worth assessing the abilities of everyone else. A financial guru who suddenly turns up after three years of market growth will usually turn out to be just a lucky blogger.

Save like a pessimist and invest like an optimist. By setting aside savings with caution, you’re prepared for life’s uncertainties. But when it comes to investing, embrace the opportunities with a positive outlook.

You need to understand that these are different skills that can even interfere with each other. But you need to level BOTH.

To grow your capital effectively, you need to both save diligently and take calculated risks. Imagine someone who saves a portion of their income each month but never invests it; their money may lose value over time due to inflation. Conversely, an investor who takes high risks without a safety net of savings might face financial ruin if the market crashes.

The key is to survive short-term declines by having enough savings to cover emergencies and living expenses, while also investing wisely to avoid long-term crashes. This balance allows you to harness the magic of compound interest, which can significantly grow your wealth over time.

So, save like a pessimist, always prepared for the unexpected, and invest like an optimist, ready to seize the opportunities for growth. This dual approach ensures you’re ready for any financial situation and can steadily build your wealth.