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Are you about the fast money life, or are you building slow and steady?

Understanding the long game of investing

Success comes from staying consistent, regardless of how much cash you commit to contribute on a monthly basis.

Accept the slow and steady game and the investment gods will reward you.

The rules of investing seem contrary to modern life. To keep our attention today, technology needs to move fast and the outcome of our input, whether that's our time, our attention, or our money, needs a visible reward quickly. Access to fast money seems attainable if we listen to the social media influencers, but the risks that come before the reward are rarely spoken of.

Now you are not to blame for the shifts in society. The access to ownership has become more elusive over time. We stream our entertainment rather than buying music or films. We think about the environmental impact of owning excess clothing, so lean towards upcycling or renting. Property prices are going through the roof, so the likelihood of home ownership seems further away than ever. Therefore, it's no surprise that the concept of long-term ownership, which underpins the idea of investing, seems like a foreign concept.

But those with real wealth, know that the old school rules still apply to making money today. Put the work in on the front end and watch your money work for you on the back end.

Successful investing is all about time and consistency. You commit to the discipline of putting something away on a consistent basis without fail and the laws of compounding which have always held true, tell us that at one point you will be able to sit back as your money works for you.

We’re not talking 2 - 5 years, we’re talking 20 - 40 years! Even if you're 40 years old and reading this now, you're in a great position to start today, because you’ll probably live beyond 80 and that 20 - 40 year investment will thank you graciously for starting today!

When you've been investing for a year and hardly see a move in the profits you’ve made, you may lose hope. But stick with it, you are living through an undisputed process.

Automate your deposits, so you don't even think about it each month, stop looking at your statements as the markets go up and down. Tap into your patience and use the time to continue educating yourself.

As long as you have the foundation of your low-risk investments in place, you can choose to dabble in the fast money, because whatever happens, your foundation is still working for you for the long term.

You don't have to choose between fast money and the long game, as long as you understand that slow and steady underpins it all.

Quick Takeaway:

The laws of compounding interest =

If you consistently contribute $200 per month over 40 years and the markets grow by 7% each year, your contribution of $101,000 over that period will reward you with a total income of over $550,000.

Change that amount to $500 per month and your total contribution of $246,000 will reward you with a total income of over $1.2 million!

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