I like to use my time while mountain biking to let my mind process current events in my life and things going on in the world.
While on a ride over the weekend, I got to thinking…
Does it make sense to grow wealth slowly anymore?
…versus chasing hard every month and year for the biggest return in the shortest amount of time?
There is so much buzz about the hot stock market and bitcoin/crypto to the moon. I felt like I needed to churn on this one.
Don’t get me wrong.
I like windfall profits like the next guy.
What I don’t like is all the time and hustle it takes to find the best next thing.
Or the times when you have double digit losses, like back in 2008 when the market came crashing down.
Wow that was rough for some.
I had family members lose over 63% in a span of a few short months to that doozy.
Since then I have taken a much different approach.
It all happened when I stumbled upon a book I was reading years ago about wealthy families who built family investment offices.
In the opening chapter of the book, it said the number ONE difference between the wealthy families and normal families is:
They Take The Long View.
It surprised and shocked me a bit.
Take the long approach?
Wow. That would be too slow for me.
Yet I didn’t dismiss the notion.
Instead I pushed myself to have an open mind in regards to thinking differently on how to grow my pennies in the future.
So down the rabbit hole I went.
Studying…Researching…and Implementing a more strategic, long term approach to Wealth Building.
And after 17 years I have learned a lot.
My approach is so much different today.
Instead of focusing so much on tactical things each year that would yield me crazy returns (and potential crazy downturns as well)
I’m all about having a balanced approach.
Do I still want some rocket fast returns…yes…but not at the expense of unnecessary stress, asymmetric risk or worry that it could tumble at any moment.
I want to have the core part of my wealth grow consistently and arguably in a boring fashion…year-after-year.
Like the turtle winning the race.
My focus is on normal, good steady growth.
It’s part of a specific process I use.
I have helped some good families with it.
Plus what I have done for myself.
If you like to have a portion of your assets taking the long approach…yet might ensure a healthy retirement income…then we might want to talk.
Simply respond to this email, and we can schedule a 15 minute chat.
Remember — It’s Your Time…