Successful investing requires active learning and preparation rather than passive participation; investors should study market rules and fundamentals before engaging, as prepared investors view market downturns as opportunities while unprepared investors see them as disasters.
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What they DIDN'T tell you about your 401k π€«π¦Added:
Let's talk about some other ways to set people up for success in the market.
What's some other things that I should be looking at or doing? Any books I should be reading? Anything else? I know you're coming out with a book soon, so that's >> Yeah, most definitely.
>> I'm looking forward to tap into that.
Anything else that we should be doing?
Say, get familiar with the stock market.
You know, everyone has a 401k, Roth IRA, but get comfortable with learning [music] things you don't know about it, right? Like you've been studying the playbook, so they throw you in the game, you're already somewhat prepared as if to someone that has never [music] even played the sport or knows what the sport is. Yeah.
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