Call to Action: NOW OR NEVER

the-power-of-compounding-3-638.jpg

Humans are creatures of habit. And it gives us predictability. Safety. Security. Work is routine. We all have our own routines.

And when you’re working, a 9-5 job, for the sake of income, you will be in a routine for a long, long, long time. Because you are an asset to your boss/company. And they want the rats to continue running for as long as they can.

The carrots that you are chasing surely put food on the table. But where do you put the excess carrots? Spend or save? Neither. You need to learn how to grow those carrots, instead of waiting for the bonus and promotion that is already calculated into what you are worth, and what you are given will ALWAYS be below your true worth, in order for the boss/company to be profitable. As long as you are running on the wheel, chasing the carrots.

And I’m not referring carrots as money. Staff benefits don’t add to your bank account. But they make you stay running. For the same amount of salary.

Again: You will never, be paid your true worth. It is simply unsustainable for any company to pay their assets their their true worth. Especially if you are at the bottom of the becking call.

This is a call to action to start NOW. And this shows it very clearly why:

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And much more clearly put here:

Compounding-image-3-20161103

Another picture I love to illustrate compounding is this:

24righthorizons

Time and tide waits for no man. And the magic of compounding reveals itself only at the final few years of a long term commitment to reinvesting, no matter how small the interest rate is. But it must exceed inflation.

Leaving $500,000 in the bank does not make you rich. It makes you poorer and poorer, especially in the current low interest rate environment, as inflation is, while still low, is picking up. How does that 0.05% interest rate in savings sound to you compared to a 2% inflation rate?

You’re losing value in your $500,000.

WAKE UP NOW.

I’ve been there, in the routine, stuck in the routine, tricked to believe I can retire comfortably with my salary and savings, but in the future, your dreams of retirement simply get delayed and delayed. the CPF drawdown age will increase. And you will find your savings have lost so much of its value, it’s utterly too late.

Unfortunately we still live in a society stuck in the routine 20 years of study + 40 years of working until 60 and finding ourselves poor without knowing it.

So the call to action is NOW.

  1. Start early. Start NOW
  2. Learn how to invest or grow your own money. Not buy into sales pitches that puts money into others’ pockets. Grow your own carrots, for yourself.
  3. Be in it for the long term, because the 8th wonder of the world as some call it, compounding, reveals itself only towards the end.

So instead of realizing you’re 60 and still not enjoying as much as you thought you would, you would be at 60 wondering how on earth did you get so many carrots you don’t know what to do with them.

You can start by learning. Find the time to learn about simple investing in stocks. That’s how I started. Even simple investing a small amount every month into a ETF for 40 years will reveal the magic when you’re 60. If you’re lucky, and able to generate 10% yearly of compounding, you are going to DOUBLE your $500,000 into a cool $1mil in 7 years.

It doesn’t matter if you have $100, $200, $1000, or $10,000. Let the power of compounding do its own magic. But you must follow the 3 rules:

  • Start early. Start NOW
  • Learn how to invest or grow your own money. Not buy into sales pitches that puts money into others’ pockets. Grow your carrots, for yourself.
  • Be in it for the long term, because the 8th wonder of the world as some call it, compounding, reveals itself only towards the end.

It’s your choice. It’s your excuses to make. Remember. You only have 1 life. And time does not turn backwards.

Smart Casual Trading is only one way.  Running your own business is another. Investing early, regularly in a long term portfolio with a decent interest rate is another. Trading equities is another. Investing in property is another.

The most important thing is to take the action, slow down your running, start saying “no” to your boss, invest time to learn, and take the action NOW.

You can take action by checking out my facebook page, where I have put up a course with a fantastic discount to get you started on starting a forex business.

Get up and get going!

 

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