"What's the difference between the best investors and everyone else?"
"What do the really successful investors do that most people don't?"
Some of the factors are quite expected, "understanding of fundamentals, valuations, portfolio sizing, etc."
But there is one key factor that few people focus on - at some point, what separates successful investors comes down to who can handle the boredom of investing, repeating their own systemised process on a periodic basis.
People Crave For Novelty
The greatest threat to investing success is not failure but boredom.
Sometimes, I notice people who get bored with one investing strategy and they began jumping from one strategy to another - and ended up never getting any real results.
What happens is that they begin to be unfocused. They start dabbling into forex trading, stock trading, CFD trading, cryptocurrencies, NFTs, growth stocks, etc.
Now, I have nothing against with any of these methods. But what I want for my readers is to choose one and MASTER that skill set!
However, mastery requires practice - and the more you practice something, the more boring and routine it becomes - and you begin to crave novelty. You know what happens next, you start jumping from one strategy to another - again, getting no real results.
The Solution
My solution?
You have to fall in love with boredom.
Some of the greatest athletes feel the same lack of motivation as everyone else. But the difference is that they still find a way to show up despite the feelings of boredom.
Some of you may not know this, but I have been refreshing my own watchlist (doing a fundamental and valuation check) on my stocks every single month, and sharing that list with my students.
Do you think that I do it because I find it fun?
No - I do it because it will benefit myself and my students, even though it can be boring as hell. This is what separates me from those who are just "dabbling" in the stock market - or what people call "try try only".
Dabbling into something will never make you a multi-millionaire. You have to focus into mastering your gifted skill set, even though the process can sometimes be boring.
The Bottom Line
We all have goals that we would like to achieve and dreams that we would love to fulfill, but it doesn't matter what you are trying to be better at, if you can only do the work when its convenient or exciting, then you will never be consistent enough to achieve remarkable results.
I can guarantee that if you manage to start executing a proper investing strategy and keep sticking to it, they will be days where you feel like quitting. For example, when you start a business, they will be days when you don't feel like showing up. When you are at the gym, there will be sets that you don't feel like finishing. When I am writing my weekly blog posts, there are times where I don't feel like typing.
But what separates successful people from amateurs?
We step up and do the work even when it is annoying or painful or draining to do so. Remember this - successful people stick to the schedule, while amateurs let life get in the way. Successful people knows what is important to them and work toward it with purpose, while amateurs get pulled off course by urgencies of life.
When you finally realise that investing is the only few tickets to your financial freedom, you will realise that you will take action even when you don't feel like it. You might not enjoy it, but if you want to be successful, you will find a way to execute it.
With that said, I like to invite you to spend some time to watch the training below if you haven't gotten a chance to watch it as it reveals the key concepts of how I built my first six-figures portfolio.
The 6-Figures Roadmap
What an engineer did to grow his portfolio from $7,137.68 to $185,352.15 in just 4 years using qualified stocks...so that WORKING AT A JOB was A CHOICE AND NOT A necessity...