When I walk through the four phases of financial independence, I can’t help but want to run.
Time and again I have to re-learn there are no short cuts. If you want a quick path to wealth through winning the lottery or having a rich relation leave you a fortune, you’re likely going to end up worse off in the long run.
If there’s anything we should rush, it should be our rush to learn patience.
When it comes to reaching FI, we get closer by making 1% improvements. We can fail by making real big mistakes in the matter of moments, such as buying a house we can’t afford or a car that is over our budget.
That’s why patience is key; having patience is paramount to success.
I’m re-learning this principle with building my blog. My time is often devoted to other important aspects of my life: having a full time job, spending time with my lovely girlfriend, staying fit, and having some semblance of a social life.
Patience is something I am always learning, especially when I have dozens of articles I want to write and design tweaks to make.
In many areas of my life, I feel like I’ve got a good handle on being patient.
I’m no longer in a rush to pay off student loans because we have opted to maximize our wealth instead. My wealth is actually growing faster than if I had rushed to pay everything down as quickly as possible.
Instead of my focus being on the end goal, I’m instead honing in on enjoying the process of getting there.
Somehow, I wasn’t able to carry over what I had learned in the financial aspects of my life while building this blog. There’s always something to do since I’m wearing so many hats.
To bring myself back, I often remember something Bruce Lee said.
“A goal is not always meant to be reached, it often serves simply as something to aim at.”
With this idea in mind, I continue to remind myself to respect the process and enjoy the process.
The same holds true for me when it comes to building wealth in pursuit of financial independent. I’m extremely grateful that I have the means to continue contributing my money into the market or towards building my cash buffer.
Are you in the middle of the process somewhere and find yourself daydreaming about having the end results now? Do you think it is harmful to waste time wishing for things to be better today instead of taking action? Do you find it frustrating you can only do so much before you have to let time take its course?
P.S. I’m switching things up a bit this week and will be posting new articles on Monday, Wednesday & Friday. Since the beginning of this year, I’ve posted a new article on every Tuesday, but I wanted to shake things up this week to see how readers respond to three articles during the week, as opposed to 2-3 posted on Tuesday, Thursday & Saturday. Anyway, enjoy!