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A Tiny Thought:

A Tiny Thought:

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by: Magnolia832 Active Indicator LED Icon 4 OP 
~ 1 mo, 5 days ago    
A Tiny Thought:
The greatest threat to results are boredom and impatience.
The only way to become good at something is to practice the ordinary basics for an uncommon length of time. Most people get bored. They want excitement. They want something to talk about and no one talks about the boring basics. For example, we know that dollar-cost averaging into an index fund is likely to generate wealth, but cryptocurrency will give us a bigger thrill. Boredom encourages you to stop doing what you know works and do something that might work.
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Magnolia832 Active Indicator LED Icon 4 OP 
~ 1 mo, 5 days ago    
Another way to mess up a good thing is to try and accelerate the natural pace of things into an unnatural one. A good idea taken to the extreme is always a bad idea. Working out for 15 hours a day won't make you healthier, it will get you injured. Investing with a lot of leverage won't make you rich faster, it will wipe you out. A lack of patience changes the outcome.
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Magnolia832 Active Indicator LED Icon 4 OP 
~ 1 mo, 5 days ago    
It's hard to be above average if you can't find a way to do the same thing over and over again. As Bruce Lee observed, "I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times."
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Magnolia832 Active Indicator LED Icon 4 OP 
~ 1 mo, 5 days ago    
In a world of social media, we glorify the results and not the process. We see the kick that knocked someone out but not the years of effort that went into perfecting it. We see the results, not the hard work.
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Magnolia832 Active Indicator LED Icon 4 OP 
~ 1 mo, 5 days ago    
The difference between good and great results is often found in consistently doing the boring things you know you should do exactly when you feel like doing them the least.
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damascus1986 Active Indicator LED Icon 5
~ 1 mo, 5 days ago    
basically the tortoise outpaces the hare.
staying headstrong and consistent is key.
Although personally i have dollar cost averaged in cryptocurrency next month will be 5 years
although i expect it to go down more with stocks that will be fine I'm still buying.
this has led me to learning more about how money and macroeconomics works.
The book the outliers talks about spending 10,000 hours on a subject to master it. I'm well over 5,000 in my economic studies. i agree 100% the longer run is the way to win but too many want a quick fix.
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MalluGuy Active Indicator LED Icon 2
~ 1 mo, 5 days ago    
You guys are putting a damper on all my get rich quick schemes that I had all worked out.
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