the anchoring of life expenses to the lowest possible value so that volatility above that anchor is irrelevant.

I actually like this a lot, was just hearing Hormozi talk about it. I've always tried to keep that anchor for myself as low as possible. it allowed me to take risks that I wouldn't have otherwise. I don't have things I'd like to have, and could have, but prefer not to as I am still in the risk taking phase of my life. I can just press much further than most people, because it's irrelevant for me if I lose a large chunk of it.
if the anchor for basic expenses is low enough, any volatility above it is kinda irrelevant. the gap between that anchored cost, and the upside above that, will determine how significant those changes are for my lifestyle.
for example, if my basic lifestyle needs are met at 2k a month, then either being up 20k or 5k in a month is irrelevant because its just volatility so up far from that anchor that I only suffer if I choose to get too attached to the highest number. especially in a business where volatility is guaranteed and you'll go through lengthy drawdowns at times. it's not like we have a monthly salary. but if you're too worried about each 5% dip in equity, oh well, it will be hard to do anything here.
on the other side I also wouldn't want to get desensitized to the money, as its important to respect it. I wouldn't go on a gamble spree just because I have leftovers. I am talking specifically about people that have a clear edge or a good business that requires further risk to try and scale it. but suffering all the time because oh I was at X equity 6 months ago, is just going to make my life much more painful than it has to be. If I can cover my monthly expenses with a reasonable margin, I am happy and I can risk above that.
obviously the volatility is important to be understood if its just normal fluctuations of the business or sustained losses. that's besides the point though.