One of the three resources – apart from your brain and willingness – you need to become a successful investor yourself is – Time.
Time is precious…even more precious than money, simply because you cannot save it.
You cannot set aside time for future use as you can money, food, fuel, or a number of other things.
Any attempt to save time by not using it is futile. What happens if you sleep eight hours and try to save the rest of the day by doing nothing? At the end of the day, the unused hours are gone forever.
What is however more futile is wasting time worrying about what will happen in the future. This is because the more you spend your time doing this, the lesser time you’ll have on hand improving upon your present.
Like when it comes to investing, if you continue to spend time worrying where your stock prices will move in the future, you will have lesser time on hand to work towards making sensible investing decisions now (and making sensible investing decisions requires time).
Now, while time is precious, you do not need to spend more than 30-40 minutes each week towards enhancing your investing knowledge and working towards making sensible investing decisions.
Let’s face it. You can’t spend so much time working to make our money work. You have other important things to do in your life – like raising kids, working on our job or business, and living your own personal life.
You also don’t want to be chained to watching the stock market each and every day. That wouldn’t be fun, right?
So the idea is to become fully educated about investing your own way, and then let the wheel roll…without worrying about what the talking heads are saying on business channels, and without spending a lot of time at it.
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