“You know, there’s nothing wrong with making money slowly,” Your Survival Guy said to himself this morning. “But understanding that and being OK with it is another matter. It took me time to realize it.” Which is what I’m going to write to you about today, because with all the market madness with crypto winter, sports betting, and prediction markets, is it any wonder investors are looking for the light? The truth is, fast money often means faster losses.
Think about when you were young. Think about when your younger self, first starting out in the big bad world, was working, trying to make ends meet. You probably had to have some hard kitchen table discussions with your spouse and perhaps later with your kids about finances.
You made it work and probably look back on those days with fondness, but you sure don’t want to have to do it again. To have to start over from scratch. Turns out making money slowly and saving it even slower was a road worth taking. But it’s a road best traveled only once.
And then you retire. And making a mistake is never more costly. When you get into your mid-60s and onward, you can be like Uncle Warren and claim you’ve never made more money in your life. But without a paycheck, it can be terrifying.
Action Line: Sometimes you need a guide to get through it all. When you’re ready to work with someone who understands the secret of making money slowly, let’s talk. Email me at ejsmith@yoursurvivalguy.com.
Originally posted on Your Survival Guy.