It’s hard to succeed in any industry, but if you look for a quick route, this path will become even more difficult. "10x Rules" author Grant Cardone recently shared a concise X post that provides a great reminder for those looking to get rich quickly.
"There is no shortcut," the cartoon said.
X users generally agree and get along with their thoughts. No one knows that they want to achieve financial independence or build a successful business can authorize it. This is why.
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Shortcuts attract people who don’t want to exercise their peers and competitions. But pursuing shortcuts can lead people to slow down their goals and derail. You just need to incorporate the work into your work, not looking for a faster way.
Instant satisfaction and fast hacking have become mainstream, but you have to ignore the noise of ambitious long-term goals success. An X user effectively explained this when responding to Cardone's post.
“I used to look for every hacker in the book. Biohackers, business hackers, even mind-thinking hackers.
If you work quietly without the praise of your peers, you won't be immediately satisfied. But it makes more sense to immerse yourself in your long-term goals in the long term.
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It’s easy to feel motivated not to take shortcuts in a day or week. However, achieving your goals often requires years of concerted action.
It will take decades to build a stock portfolio that can cover your retirement. You must carefully select ETFs and individual stocks that are aligned with risk tolerance and long-term goals. Investors must also stick to long-term winners when stocks continue to correct.
It’s not easy to take consistent actions, you’ll run into some obstacles. Even if progress is small on some days and progress is being made every day, it is faster than finding shortcuts that don't exist.
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Although Cardone says there are no shortcuts, some people are lucky and win the lottery. Someone can also make good investments early to double their money. However, these types of success are not the best success.
Fast wins are deceptive and can make you feel smarter than you used to. Option traders with back-to-back trading may feel overconfident and risk having more money in subsequent trades until they are humble.
Some won the lottery, but many of them eventually broke down. That's because people who want to win a lottery usually have bad money habits. The people who build a one-million dollar portfolio have no money to waste the lottery.
More money won't change your identity. It makes you more of your identity. People who win a lottery or get a lot of inheritance if they have the conditions to put themselves in debt and spend every dollar they earn.
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