Success in business usually depends on the ability to defer making $1 now to make $2 in a week…
Or holding out to make $5 in a month…
Or holding out even longer to make $10 in a year.
The longer you can wait, the more you can benefit.
Of course, that means having some means of supporting yourself during that gap.
Which means if you CAN’T hold out, you shouldn’t beat yourself up that you can’t get the success you want right now, because the universe is forcing you to take that money before it’s really working for you.
Warren Buffet can spend a billion now to make ten billion in a decade.
And every time he makes a good investment, he has more capital to work with the next time.
A million becomes two, becomes ten, becomes a hundred, and becomes a billion.
He was also from a wealthy family. Most of the successful people at LEAST came from a family that could get them through college without any debt.
Which gave them the ability to fail A LOT more than somebody that didn’t have that luxury.
If you don’t have money to feed your family this week, you can’t possibly hold out to get that money in a month.
And that sucks, but you should let yourself off the hook a bit.
You’re doing the best you can do, it’s just that the deck is stacked against you.
The most successful people I know were able to wait through YEARS of struggle, sinking money into failing projects, going bankrupt, and bouncing back before they could figure it out, myself included.
A lot of people don’t have that luxury, and for those people, I try to tell them there is no shame in not being able to sock away money like they tell you, or do the things they tell you, or not having success.
That doesn’t make you bad. It just makes the situation bad, and life kind of really crappy and unfair.
But it’s not a condemnation of you.
You’re doing the best you can. It’s just an impossible metric, and everybody gets there at their own time.
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