A 200 Year Old Dead Guy Woke Me Up
I wasted 3 years needing to know everything before doing anything.
Then a 200-year-old dead guy woke me up.
Henry David Thoreau went to the woods to live 𝑑𝑒𝑙𝑖𝑏𝑒𝑟𝑎𝑡𝑒𝑙𝑦. His plan?
"Simplify, simplify."
That's solid advice for the struggling new investors I speak with. The issue is too much info, too readily available. You cannot master every investing strategy you've watched through hours of YouTube videos, Instagram and TikTok nonsense. You're neck deep in Paralysis of Analysis.
I'm no different than you. . . well, I'm Italian, so I'm a better cook and I have three Uncle Tony's who collect my rents. But I digress. . .
I wanted to know everything before I did anything. The result? I did nothing for 3 years. There was always another book to read or seminar to attend in my search for the secret sauce.
Then a mentor who was already successful doing what I wanted to do shared some common sense I took to heart: settle on ONE strategy to get started and block out all the other noise, the BS, and the well-intentioned but misinformed friends telling you that you can't do this. They're really saying THEY can't do this.
This approach slowed things down and in so doing sped up my progress.
So if you find yourself standing in the same place as yesterday, as last month, the same place as last year, heed the wise words of Thoreau: "Simplify, simplify."
I've spent 20 years working with investors to do exactly this: simplify, focus, and execute, using creative strategies that are low risk and low cash.