In life, there seems to be a perception that it is all about timing. We’ve all heard it before; success is often attributed to good timing, while failure is blamed on poor timing. Relationships, opportunities, careers, and wealth are missed or made because of the right or wrong timing. For long term and sustainable results, however, it’s not always about ‘timing’, but more about ‘time in’.
As ‘The Money Guy’, Brian Preston says, financially, most people’s wealth is not made because of ‘timing’ the market, it’s made because of ‘time in’ the market. The longer you stick with your investments and not buy or sell to try beat the market, the more wealth you will accumulate. Attempting to pick the peaks and troughs, highs and lows is fraught with danger, even for the most experienced stock analyst. Years of data has been proven repeatedly that buying and holding for a number of years as the safest way to build your wealth. This time in concept, however, is not just about your finances.
For our health, we can try and time our supplements, diets, workouts, and training plans to get fit and healthy or lose weight. We can have pre-workout drinks, post workout protein, skip breakfast, eat lemons for a week, but at the end of the day, the thing that will gain those long term and long-lasting results by time in; time in the gym lifting weights or with your trainer, time in your running shoes pounding the pavement, time in the kitchen preparing healthy meals.
In our careers, most employers want experience, and we get that from time in an industry or profession, not changing jobs every six months. Our customers, clients and suppliers want us to have knowledge, expertise and technical skills to provide them with the best service, right product, or best outcome, and we get that level of skill or proficiency through time in the job, the product manuals, the universities, the training courses and in front of the people learning our craft.
In a fast-paced age of quick results and instant gratification, some things in life can’t be rushed, and short-term wins do not always equal long term gains. Be patient, be consistent, be committed, and most of all, be prepared to invest time in your goals.
For more advice on reaching your financial goals, start a conversation with Steve May Financial Services today.
You need to consider with your financial planner (or adviser), your objectives, financial situation and your particular needs prior to making an investment decision. Sensibly Pty Ltd and its authorised representatives (or credit representatives) do not accept liability for any errors or omissions of information supplied on this website
Nick Shanley, Steve May, Luke Styles and Shanley Financial Planning T/A Steve May Financial Services are Authorised Representatives / Corporate Authorised Representative of Sensibly Pty Ltd, AFSL 533923. Please refer to our website at www.stevemayfs.com.au to reference our Financial Services Guides.
Shanley Financial Planning Pty Ltd trading as Steve May Financial Services (ABN 19 612 825 180) is a Corporate Authorised Representative of (1265706) of Sensibly Pty Ltd (AFSL 533923)
Nick Shanley, Steve May and Luke Styles are Authorised Representatives of Sensibly Pty Ltd (AFSL 533923)