The Number That You Don't Want to Go Below Again in Your Life

If you come from nothing and you wind up as a suddenly newly minted millionaire, losing millionaire status is not an attractive idea because what you've bought for yourself is freedom. If you've got $2 million in the bank, no debts, modest cash flow requirements, et cetera, for the rest of your life, you don't ever have to do anything you don't want to do. And that's really, really valuable. Always remember, profits that are not taken off the table are not actual profits. Paper profits are not real profits. Money that is up but you don't take it off the table is not actually profits. When you have investments that go up, take