You know about diversification. How about its best friend, patience? Such a pretty word. Just rolls off the tongue, doesn’t it?
Not so much when you’re telling someone else to be “patient.” It’s like saying, “Why don’t you just relax?”
But without patience, compound interest, the seemingly magical formula of making interest on interest, is worthless. Without time, there’s not much to compound. Patience, in other words, is about giving something time and not rushing to decisions.
The phrase “hang in there” comes to mind. That’s another piece of advice often given to someone who’s frustrated, another incredibly difficult emotion to overcome when lacking inner fortitude.
It’s why you are so important to your success. If you can’t be patient, nobody else can do it for you. Being invested and staying invested isn’t for the faint of heart. Patience is a virtue because it’s not intuitive. It takes work.
Action Line: You got this. You didn’t get here by being lazy. You did the work. Now see it through. When you want help, email me at ejsmith@yoursurvivalguy.com.
Originally posted on Your Survival Guy.