Making Investments Is Short Term Discomfort For Long Term Wealth
It's all about delayed gratification
Business comes in seasons
Sometimes it’s about planting seeds. Other times it’s about reaping your harvest.
Right now, I’m in the planting seeds season.
I’m Making So Many Investments
I often write about the investments I make in assets. Typically, this means buying equity in businesses, stocks, or real estate.
But investments don’t always mean buying passive cash flow. Sometimes they mean building out infrastructure.
Right now, I am reinvesting almost all the money I’m making to create a future-proof business. Here are some examples:
I brought my sales rep in at a weekly salary
I am hiring another member of the SEO team
I’m building out a product for my directory course
I’m investing my time into creating courses, improving processes, and generating the best results possible for my customers
It’s a lot. When I look at how much I’m spending, it makes me uncomfortable.
The Definition Of Wealth
My definition of wealth is owning assets that put money in your bank account.
But there’s an asterisk to that definition. And it’s this — is your income more than your burn?
Debt plays a role in finance. I typically stay away from debt. I know a lot of people who embrace debt as a way to build businesses, but that’s not my style. For me, when I look at my financial situation objectively, it’s clear that I have:
No debt (except for my Denver home, which will become a rental like my Nashville house)
Money in savings
Monthly income higher than my expenses
It’s true that I’m spending a lot of money each month. But I’m still profiting six figures a year, and if I play it out over a longer timeline, the investments I’m making today will increase my profits.
This Is The Game
There is no manual for this. Even people who seem to have it all figured out go through hard times.
The truth is, my cash is low right now. My personal preference is to keep a healthy amount of cash and avoid big investments until I hit a certain reserve threshold. But I’m not in that position at the moment — and that’s okay. Two months ago, an opportunity came up that I had to jump on, and it required a heavy cash investment.
Those investments will pay off.
At the end of the day, I make more than I spend. I have reserves, and I’m building a portfolio of assets.
I can’t let the discomfort of the current moment distract me from the long-term vision.
The same is true for you.
Love you guys. Talk to you tomorrow.
Tim
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