Post
Topic
Board Economics
Re: Prioritizing strong foundation over quick gains
by
Fortify
on 14/04/2024, 17:36:43 UTC
The desire to see quick results of our efforts can be very tempting and some folks in a bid to get results would normally prefer shortcuts to get wealth over following the real process that involves investing time, effort, and resources into developing skills, building relationships, and creating value in themselves that will lead to a sustainable long term success.

Pursuing of quick gains will only push you into getting involved in get rich quick schemes and activities that only guarantee short term incentives and wouldn't allow you invest and develop yourself. It's one of the reasons why people prefer to diversify thier investment into meme coins and other short termed project because they are just after possible immediate results rather than focusing their investment in an asset like Bitcoin  that's known to grow steadily overtime or alternatively investing in themselves which is a sure way to increase your value in the long run.

Setting out strong foundation that's aimed at supporting long term gain is the best thing you can do for yourself and regardless of the fact that you might not be getting quick results like short term investors and individuals, the benefit that comes with long term investment in the right thing  will always supercede any quick gain that's mostly for short sighted individuals.

This is one thing you often learn to appreciate as you grow older. It's fine to take and make plenty of financial mistakes when you're in your early years - sometimes people strike it lucky, just look at the massive rise in the price of Bitcoin as an example of that. However the older you get, the more you need to think about investing today so you will be prepared for the long haul many years from now. The effect of compounding is what largely contributes to gains in the stock market for example, as long as all your money is reinvesting over time - either from dividends or companies plowing their profits back in each year. The key is time and patience however, it can take a couple decades before you truly start to appreciate how important that part is.