This week’s topic is a big one:
Time, money, and investing.
It’s a part of life most people turn into a total disaster, and the .1% of people who understand how it really works end up making the most money with the least amount of effort.
Here’s what most people do:
Decide they want to get good at something, spend a bunch of their time learning the craft––making mistakes, correcting them, slowing getting better, and finally making some headway. By now, months, if not years, have gone by.
Here’s what the top .1% do:
Decide they want to get good at something, find someone who has already done what they are looking to do, pay that person to teach them how to do it. They get the quickest path to success with the least resistance.
In either path you can attain great success.
One pays with time, the other pays with money.
When you pay with time, you save money up front, but almost always find your way to the promised land much later. You make all the beginner mistakes, suffer from lack of confidence, and often end up losing your will to keep taking action day after day.
Time investors burn out and give up at a high rate.
When you invest up front with money, you have peace of mind knowing that you have the best information guiding you toward what you want. You know your process will work and it’s just a matter of, well, time.
When things get rocky, you have people to encourage you, point out where you can improve, and remind you that it’s all going to be worth it in the end. And when you do make it big, you get there so much sooner than you ever could have on your own, and from this place, time (via compound interest and compounding gains) becomes your best friend.
Money investors recognize one thing above all else:
Time is our most valuable asset.
Money comes in and out, but time only flows in one direction.
Until next week,
P.S. In my poker career I’ve probably spent over 70k on coaching and training programs, and my only regret is that I didn’t spend more sooner.
Jason Su is the mindset and performance coach at Poker Detox and author of Poker with Presence: Unlocking the Final 15%.
To receive daily email tips like this from Jason or learn more about his coaching program, visit www.pokerwithpresence.com.