Week 49: Patience is key!!

Dear reader, 

"The capacity to accept or tolerate delay, problems or suffering without becoming annoyed or anxious"

Sometimes in life you need to have patience. Because we are often in a hurry and we want something to happen sooner then later it is important to understand patience. With patience you can achieve a lot more. It gives you time to think, reevaluate or make better decisions then when you keep rushing in and out a project or investment. Sometimes patience can work in your favor and other times it is a great lesson that teaches you to wait or react. 

This week I am going to look at patience. The reason I want to talk about patience is because it takes time to grow a tree or a flower. You need to plant a seed, give it water and sunlight and it will grow out of itself. The same thing I have learned from investing. For more then three years of investing and I can gladly see that patience has been key to make your investments grow. I am going to talk about this more further down this blog. I will be talking in debt more about patience and what it means for me, patience with regards to investing and how patience can make or break your success.   

Patience is key: 

There are many different motivational posts about patience. But if you read all of them they kind of say the same thing in just a different way. Whether the moment is not there yet, that it is the key to success and that you need to trust in all the work you have done. The definition states the same, you need to accept what is happening in this moment and you should not be afraid of what may or may not happen. If you have put in all the work that you could have possibly done then there is no more to do then wait and watch on the side line how things evolve. If you are not sure that you have done enough you need to do more the next time around. 

I am not religious but I do think that things happen for a reason. That you meet specific people, go places or things that happen in your life. Some things you can't have any control over and others you can influence a lot. If a relationship comes to end there must be someone better for you out there or it is a sign that you need some time to develop on your own. The most important part is can you deal with patience or do you keep pulling things faster towards you to hope for a quick success?. One of my favorite posts are those of people digging for gold or diamonds and they give up too fast before they have reached out of patience to get what they truly desire. 

Patience and investing: 

There are two types of investors, short term and long term. For each of these investors types patience is key. For the short term investor you need the patience to get in and out of the market at the right time and make sure that you have gotten your desired investment goal. For the long term investor you need to be able to trust that your research that you have done will pay out in the future. By compounding or forecasting future profits you need to wait and see your investment grow slowly towards your desired goal. 

I have learned a lot about patience by investing. Three main things I have learned are that if you compound and the assets start to grow your investments will follow. I am a great fan of this and I do believe that you can make money this way. The second thing I have learned about patience by investing is that whenever there is a downturn there is an opportunity. You are able to buy assets at a discount and sell them later on for a profit again. The third thing I have learned is to not listen to everybody that is going crazy when the market or a stock is going up and down. If you have done your research you trust what you have done and don't let anyone influence your investment decisions.  

Patience and success: 

Just as I mentioned in the previous paragraph, if you have patience with your investments then you can earn more then the people that are running around the market trying to hold on to their investments. Patience is a very important part of your success. If you can't wait for things to happen and fall into place you will be chasing success instead of that success is chasing you. What I mean by that is that after five YouTube videos or Instagram post you are not a success yet. Let the time come to you, develop your own style and follow your own path but be patient and everything will fall into place at once. 

 

 

For almost 52 weeks I have been writing blogs about success and patience is also the key in writing a blog. I will say honestly that I don't have a lot of weekly readers. But that is part of the game, you need to stay consistent and patient. One by one more and more people will discover and read it. My expectation or my goal was never to have hundreds of readers right away. I actually enjoy that a few people read my blog because it makes it more special that they are lucky enough to read such great content. 

The key is patience, that is something that we have discovered. You probably want a lot right from the start, but we both know that you have to start with 1. It is like compounding, with each step you take you double and double. Also you should never give up, keep going with what your dreams are. It might take a year, three or even five. Heck, it might even take ten but you got to believe in yourself and stay patient. I hope that if you are on your own journey that you can stay patient and good things come to people that are able to keep focused and don't rush to see where dreams fade away. 

Thank you for reading and see you next week. 

Franklin, Moments2Success