?? Crypto's crashing, inflation, recession ahead...
Kilian Markert
?? Scale Your Agency Past 100k+/mo & Cut Your Time in Ops in Half ???? | Predictable Leadgen, Efficient Processes & Delegation, A-Player Team
?? Crypto's crashing, inflation, recession ahead...
So this lesson is more relevant than ever right now!
Because real productivity is like investing in a crashing stock market at the moment.
In times like these, most people will panic, overanalyze and try to pick the right stocks or sell everything...
...while the smart person will remain calm.
But why is that?
Lean back for a second and think with me.
Remember the passive investing strategy?
This means you just keep your savings plan running, investing into a
basket of shares like an ETF, and don’t care about the volatility.
?? Why would you do that?
Because if you look at the development of the world economy, despite its ups and downs in the 20th century, and the beginning of the 21st, the trend has always been upward.
If you look at a long enough time horizon, a past high is lower than the most recent low.
There will be ups and downs, the economy will oftentimes crash and people will talk about the end of the world.
Remember World War II, Cold War, DotCom Bubble, 2008 Crisis? It's about cycles.
People that held onto their stock are now much wealthier than the ones who sold it We’re still here, markets higher than ever.
You can be calm, lean back, be patient, and keep investing.
Trust the process because you have deep knowledge that these fluctuations won't matter because you are focused on a long investment horizon.
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You are in for the long game.
... The same is true with your life and your business progress.
No matter what challenges you’re facing right now with this whole situation…
... no matter if the “market is crashing for you”, whether you doubt what the next right step will be, and whether you will see results, look at the big picture.
If you are really in for the long game, all these ups and downs won’t matter. In 5, 10, or 20 years you’ll be looking back and laughing about the worries and challenges you faced at the time.
So just like James Clear says, it’s not about immediate results, but more about your current trajectory.
However, you need to be careful. Your trajectory needs to point upward.
?? How can you do that?
...Through consistency.
Just in passive investing, you only get the return (get results) if you show up and take action consistently (invest consistently), no matter your self-doubts, your motivation, or feelings (what the experts tell you about the market)
1?? Having reliable daily habits and routines in place that allow you to put in the best possible work consistently. Even now.
2?? Working regularly on your health and habits to show up the best possible way.
?? You need to get those foundations straight otherwise you will just burn yourself out or confuse self-sabotage with having an upwards trend.
You make sure that you DO show up consistently. And you massively improve the HOW.
This changes everything. This is your savings plan.
This is how you make use of the power of compound interest and see results, despite any ups and downs. ??
Have a consistent week!
Kilian ??