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Here on Reel From The Real, i write what i’ve learned in investing x personal finance.
My goal is to:
share optimistic and positive energy - because the hustle is real x rough enough
personalise personal finance that bit more.
😎 To your wealth,
Aila Obiocha
Hi guys,
You know by now that investing is the game of building personal wealth. I think one skill that you absolutely must have to succeed in this game is knowing how to employ money.
Most of us are hard workers with lazy money. We know how to make money, but not how to employ it. We work hard to make money, spending time, effort, and energy, risking our relationships, health, and sometimes our values in the process.
But when it comes to employing that money in hard, compounding labour, we leave it unemployed or underemployed.
I have said repeatedly that unless you own a bank, your money has no business meditating in your bank account. That’s the modern-day version of storing it under a mattress. I make it a duty to empty my savings account regularly into investments.
But what about when we employ our money?
When we empty the bank account and invest?
First, the universe of companies that your money should work for is way smaller than the universe of companies that you should work for. The best companies are found in a handful of industries. The stock market is dominated by a handful of companies. Therefore, the choice of company that your money goes to work for should be even stricter than your choice of company to work for.
A great business is not automatically a great investment. You need to be ruthlessly selective in choosing industries / companies / assets / themes to invest in. When it comes to compounding your savings, all fingers are not equal.
Most “investments” are so-so, either losing money or making forgettable profits. There are few that will 10X your money, and even fewer that will 100X your money.
To achieve success, one must set the investment goal very high.
- Gerald Loeb
Yet most of us invest our money into companies that we would never dream of working for, companies that we would never touch with a 10-foot pole. We send our money to work in places we wouldn’t send ourselves. We risk our savings in places we wouldn't risk earning our salaries. Hard Workers, Lazy Money.
Very few of you would ever think of quitting your job unless you had been doing it for a considerable amount of time. You understand that excellence requires time, to learn, train, grow, and become more valuable in whatever discipline you choose.
Yet, you retire your money from the investments you have made after 2 months, or sometimes 2 days. 👀
Even if it’s crypto 👀 👀
I am surprised by this behaviour when I see it in entrepreneurs. It amazes me to see people who run their own businesses cycle money in and out of other people's businesses in less time than their working capital cycle. Hard Workers, Lazy Money.
You only need a few good (and high impact) decisions to permanently alter your financial outcomes.
- Guy Thomas
Don’t let your savings get away with laziness.
Set that cash to hard, compounding labour today.
Let it grind for you. You deserve it. 😎