My first attempt at investing real money was a complete disaster. Apple stock is a guaranteed winner, right? Well, I thought I would invest $60,000 and double my money over a year. Then Apple Maps failed on its launch and the stock went down by 10%. I panicked just a month in, I cashed out and lost $6,000. That was ten years ago and the stock has split multiple times and is at historic highs. I would have more than doubled my money with a little patience.
My failure with Apple stock was pretty impressive considering how well it has done. However, the real problem I had at the time was my inability to see the big picture. Having the patience to create a plan and then allow the proper amount of time to make the plan real is vital for success. One month is not sufficient time for success with Apple stock, Bitcoin, relationships, health…well for about anything.
Today, Amazon is the world’s most trusted brand, and its founder, Jeff Bezos, is the richest man in the world. It took Amazon 14 years to make a profit. That is 58 quarters after its May 1997 initial public offering. It now makes as much in a quarter as it did in its first 14 years.
The Oracle of Omaha, Warren Buffett’s key to success is simple, go to bed a little smarter each day. Like money, getting a little smarter each day will compound and you will be rich in money, time, health, and happiness.
Getting rich in finances, happiness, health, and relationships is not just about being able to make responsible decisions; it’s about developing self-discipline, staying focused on your values and resisting the pressures of materialism and buying too much too fast. And that takes time and patience.
In the coming weeks I am thrilled to be mentoring entrepreneurs from across the world on how to set the proper success foundation in the most vital areas of life, which are: Faith, Family, Food, Fitness, and Finances.
The whole key behind this mentoring and coaching program is creating a plan, implementing it, and then mentoring others to do the same. I am pumped.
Book a time with me, let’s create your path and help you implement it: https://calendly.com/jefferyboyle
Being rich in money, health, and relationships takes work. It’s totally up to you whether you want to follow the majority path of thinking that a complete life isn’t even impossible. I have decided the reward is worth the work and I am excited to help others do the same.