Post
Topic
Board Economics
Re: Prioritizing strong foundation over quick gains
by
beerlover
on 05/05/2024, 16:59:04 UTC
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.
Because I like the process, of course building a strong foundation is the main priority, regardless of stable financial conditions, starting from zero is something that must be done. Because in the future we will see someone mentality that was built from a long process with the mentality of someone who is always looking for an instant way. Facing financial problems, it will be easy to filter out those who can survive and those who give up quickly.
In financial matters, a system like this is very important, looking for short profits sounds tempting but the easy way always ends in easy losses too. On the other hand, an investor who has been through the process for a long time will be more careful in determining what he should invest in order to minimize the risk of loss.
The benefit of having something done with zero beforehand is amazing. Like for example if you have zero dollars and start a business and become a millionaire, it is not the same as having millions of dollars but still starting a new business from zero. A lot of startup ebook sellers or program sellers whatever those are called, shows that how they had 7 business' that did very well.

Their success was the first one, even if you end up spending zero dollars on anything else, in the back of your head you have the idea that you have a business that will cover for your rent and food etc etc, so it is not really zero. Same for trading, starting from zero knowledge and nearly zero money means that you are going to do a lot harder, but after that's done, nobody can ever stop you again.