We live in a society of instant gratification, microwaves, dishwashers, and insane technology. God forbid if it takes a web page more than a few seconds to load. I need my mobile phone to serve as a time machine, ray gun and sonar system-oh, and a touch screen is a MUST.
Who gives a damn how they did it 150 years ago without cars or airplanes; 10 years ago, when you had to have a plug for both your phone and internet-ancient history.
I want to succeed on a school assignment? Cheat, so that I can expend the minimum amount of work necessary to get the best grade, get my parents off my back, confound the rules, and show that I’m a rebel.
Drop all these ideas when it comes to business-in fact, drop them altogether. You want to go to a good college? Actually read your textbook-what a concept. Maybe working hard freshman year will only pay dividends senior year-delayed gratification. Whoa.
You could never invest based on instant gratification-in a world where 10% a year is considered amazing, you have to wait years to realize significant gains.
To be successful, you might need to invest some money-relatively a lot, $50-$200-to get anything done. When will you break even? Maybe in a few months.
You know what-why in the world should I invest? I want a pony, a race car, a barbie doll and the latest Air Jordans. Screw investing-I’ll spend my money now, get what I want now, instead of locking it up someplace where it won’t make much anyway.
What’s wrong? It’ll bite you in your rump in a few years-and bite hard. All those people who took 0%-down loans, and bought houses they couldn’t afford-well, their rear-ends had huge chunks missing by the end of things.
Those people who never set aside money for retirement? They get to work when they’re 70. Is that fair? In most circumstances, they made the choice to live beyond their means and not save.
There is no such thing as a get-rich quick scheme; there are only get-other-people-rich-quick schemes, since they now own your $50. YOU CANNOT GET RICH QUICK.
What about Mark Zuckerberg, Steve Jobs and Bill Gates? It took them YEARS of 10, 12, 14-hour workdays. It took Warren Buffett 60 years, and he still has more to make. What makes you think you can get rich in 1 hour with no work?
You get out what you put in. You will need patience. I began buying tax-liens in 8th grade; and guess what: it wasn’t until senior year that I went to title on a property. Was I glad that I began investing in 8th grade? Hell yeah.
If you invest now, and save you’re money now, you’ll be a lot better off down the road. I know that’s so far from your thinking, but do you really want to work when you’re seventy?
Do your work. Money-making ideas take effort and persistence-you might even losemoney. Instead of working a boring, grueling $8-an-hour job, you just worked40 hours for yourself and made -$0.50 an hour.
Is your effort lost? Of course not. In 30 years, you’ll be self-employed and financially well-off, while those who took the $8 an hour job won’t have saved any money, and will still be low on the totem pole. (Don’t get me wrong-getting a job is good; just be smart with what you do with the money.)
Success is 1% inspiration and 99% perspiration. Get after it. Invest. Do your (financial) homework before you invest via research. Put time and effort into your enterprises. Take yourself seriously. Things will work out.
Just don’t expect results in a day-but in 6 months, boy will you be glad.