Market Volatility - Stock market declines are a historical occurrence [1] - Volatility is an inherent and driving force in the stock market [1] Frequency of Market Declines - Declines of 5% happen approximately three times per year [2] - Declines of 10% happen approximately once per year [2] - Declines of 20% happen approximately every 4-6 years [2] - Declines of 30% happen approximately once per decade [2] - Declines of 40% or more happen a few times per century [2]

Investment Strategy - Prematurely selling high-performing stocks is a significant regret in investment [1] - Holding onto successful investments for the long term can be more beneficial than quickly selling them [1]

Financial Habits - Spend less than they earn [1] - Invest automatically [1] - Avoid lifestyle creep [1] Personal Development - Stay curious & keep learning [1] - Think long-term—always [1]

Core Idea - The ultimate goal is to achieve financial freedom, eliminating the feeling of being confined or restricted [1]

Core Principle - Simplicity is key to long-term success [1]

The path to wealth:1. Save aggressively.2. Invest immediately.3. Hold indefinitely. ...

If you invest for decades, volatility is noise. ...

The goal isn't to get rich fast. It's to stay rich forever. ...

Since 1928, the stock market has delivered positive returns in:88% of all 5-year periods94% of 10-year periods100% of 20-year periodsHistory shows that the longer you hold your stocks, the greater your chances of long-term success. ...

Foolish.Travis Hoium (@TravisHoium):The best trade is not to trade at all.Compounding takes time...and patience. ...