Everyone is looking for the moon. We want the Amazons, Teslas, or Apple that go up by orders of magnitude in a relatively short period of time.
In this video I discuss how it is vital to our financial future to begin to focus upon ROI. We need to generate an annual return on a consistent basis that grows our money. This is the key to long term financial success.
▶️ 3Speak
Of course, my friend, our focus must be focused on performing to the maximum to obtain the best possible economic bei, but because we are impatient, sometimes we do not wait and want to generate excessive profits in a short time when the logical thing would be to wait a long time for there if we are under a solid foundation in view of a better future.
Markets excel at transferring money from the impatient to the patient.
You are right. Many, especially in crypto, are impatient. That is why it has the casino feel. The transformation is starting to take place.
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I just keep showing up daily and putting more into Hive and Leo.
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BEER.You are right on this compounding is a key element for growth and lucky enough we have DeFi projects like CUB or PolyCUB doing that. Thus this can be a source of wealth that keeps growing by itself.
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A 20-year bond at 20% would give you around that figure @ $1000. That's decent gains for doing nothing. I guess the fear would be the time value of money. Crazy how this thing called money works.
Anyway, compound interest is the 8th wonder of the world. It's possible to grow rich just following simple principles. This is what makes everything count here, in this space--every time and capital investment is seed that will morph into a fruitful tree with time.
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I am looking forward to those Hive bonds if we can get them. I can leave them there for like 10-20 years if needed to get that juicy return. The returns would be amazing
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Fairly said.. Compounding with Patience is the FIRST Lesson to be learned.
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Compounding with patience ... the hardest to practice ... but I just keep stacking quietly and practicing