Patience & The Investors Mentality
For most of us we don't know where we will be in ten - twenty years time, so we tend not to think about Patience & The Investors Mentality.
In a world where there is now 'too much choice' how does one know what to choose or how to apply oneself?
Why do we get consumed by present distractions like Football, Reality TV etc when we could be applying that energy to something more constructive and relative to our needs...
This is an especially difficult subject & choice for the millennial generation (I myself being one of them), how do we choose our paths and define ourselves whilst staying in a solid direction for the long term...
The answer is to have Patience & The Investors Mentality!
Now for the majority of us millennials patience isn't exactly our strongest suit, in fact we are extremely instant like babies.. We want everything NOW, minus the hard work and humility it takes to get it.
We see celebrities living the glamorous life, we argue over sports teams (which have made their WEALTH already) and we understandably want that quality of life.. who doesn't?
There is no patience and that is where the problem lies, everyone expects it to all happen instantly and usually life doesn't work like that.
By taking an investors mentality on-board you start to see things for the long term rather than being short sighted and expecting instant gratification.
So what am I talking about, it probably sounds like I'm giving millennials a hard time..
I mean if you understand what an investor actually is then you begin to start understanding things in a more larger perspective.
A real investor doesn't just trade stocks on Forex or on the FTSE100, no, an investor is someone who postpones present pleasure for future payouts!
Now does it make more sense?
By applying the investor mentality you will Postpone Present Pleasure For Future Payouts.
So how do we apply this and execute this, Loose the consumer mentality! a study was done in the United States that the average person saves $2 for every $100 they earn!
Well start with your mindset on how you view your own decisions, for example if you want to learn something new but have to pay $1000 for the course, look at it as a investment in your own career, in yourself..
How will this benefit you in the long run? Will it help you get that job with the big salary?
It's all about the bigger picture basically, try not to look at whether it will give instant amazing results but if it is going to help you retire earlier.
Down below is a video by a guy called Tai, you probably seen him before he talks about it too watch it from 4.30 to hear about the investor mentality information, I probably do my own video about this stuff in the coming weeks! So watch out for that!
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