How to play the long game, and invest in your success.
Playing the Long Game
When we think of compounding, we usually think of financial investments. In financial markets, a small investment left alone for a long period of time grows to an impressive sum thanks to compound interest.
Great investors are compound thinkers. They’re playing a long game in bite sized increments. They’re consistent, and they’re patient. They know that taken over a period of years or decades, today’s tiny changes and baby steps add up to much more than the sum of their parts.
This mental model applies to arenas well outside our finances. Starting small and being patient for growth leads to massive results.
On the other hand, waiting for the perfect opportunity, a specific level of expertise, and enough time with nothing else to do means never starting.
As Morgan Housel writes, “Good investing isn’t necessarily about earning the highest returns…. It’s about earning pretty good returns that you can stick with and which can be repeated for the longest period of time. That’s when compounding runs wild.”
Whether your investment is money, time, or energy – starting small today and acting consistently over time will almost certainly put you further ahead than waiting for more favourable conditions.
This Week’s Takeaway
If you had just 15 minutes per day or per week to put toward achieving your most ambitious goal, what could you get done in a year? In 10 years?
What’s stopping you from doing that?
They Ask, You Answer: by Marcus Sheridan
This book by Marcus Sheridan is a fantastic marketing and sales guide that challenges businesses to stop strictly selling and start actually answering questions to get results. It covers adopting useful marketing techniques, addressing your audience where they are at, and building a content strategy made for growth and success. Check it out!
Thanks for reading The Extra Mile! Subscribe below to receive new posts and support my work. If you enjoyed what you read, share or leave a comment!
