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Basic Rules for Financial Freedom: Make Wealth Happen

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Think Long Term

If you expect a rapid and sudden catapult into prosperity, go play the lottery and good luck to you. (You'll need it.) Gaining wealth is a slow process, and rightly so. If you get it all quickly, you have no time to acquire experience and sense. Too quickly, and it'll be all "spend, spend, spend."

Thinking long term is a bit like thinking in very fast motion while the rest of the world moves incredibly slowly around you. Easy does it, as they say. Ever tried to swat a fly? A fly's eyes are different from ours and they basically see in fast forward. By the time you raise your hand, they have already predicted the movement and flown away. You have to develop the same ability. You have to see what's happening before it happens, and the only way to do that is to think long term.

Think of gaining prosperity as stalking a reluctant tiger. It'll be wary and cautious, and you have to stalk it skillfully, quietly, almost lovingly. It's no use running up and shouting at it -- it will either turn round and kill you or run off. Better to take your time and creep up slowly and quietly. Any sudden movements will startle the canny beast.

Next: Create New Income Streams

From The Rules of Money Copyright © 2007, FT Press. Used by permission of FT Press, and Pearson Education. All rights reserved.

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