Quote:
Originally Posted by Vegas69
It's already been three years since I started investing EVERY month. It's turned into a nice sum with a reasonable gain at this point. I like the green days, but I've learned to be patient and let time be on my side. I'm still looking at 25-30 years before I plan to touch these investments. (Unless a position looks weak)
It's been fun for me to analyze and make my own moves. The natural side effect has been getting more involved with our other investments.
On the personal side, we've learned to live well below our means. That gives us the flexibility to save aggressively. In turn, that allows for more discretionary time to enjoy our lives.
In addition to saving, I think it's very important to have solid long term goals and vision. That's really what keeps you saving aggressively. It's amazing once we have a target, how often we are drawn subconsciously. I can't tell you how many times I've written down a goal and achieved it and went, wow, this really works. Many times I've nearly forgot about it, but it was ground way down in my mind. The key is to write it down, scheme and plot, and then start down the path.
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Success breeds success! It's amazing how the SNOWBALL that is patient investing -- starts to grow - and the more it grows the MORE you feel like saving and investing!! Funny how that works.
When you don't have squat -- you feel like you can never get ahead so why bother..... but once you have a small pile - you start to see how it works and the excitement takes over. If you buy one rental and it works okay -- you automatically start plotting how to get #2 and so on.
That is NOT TO SAY that every investment works out - and some go to zero - and some just do "okay" and maybe one does great. But hopefully people don't give up when they just do "okay".