Franklin D. Roosevelt once said, “Happiness is not the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort.”
This profound statement captures the essence of true happiness.
While money can provide comfort and security, it is the journey of achieving goals and the creative effort involved that brings genuine joy.
For many, including myself, this joy is found in the process of growing wealth over time. The journey of building a portfolio of assets that can provide for one’s living expenses is not only financially rewarding but also deeply fulfilling.
The Joy of Investing: A Personal Journey
In my own journey of growing wealth, staying motivated has often been a challenge.
However, there was one experience that fueled my passion and validated the joy of investing.
I remember the first time I invested in a property. It cost $168,000, and I spent an additional $30,000 on renovations. Once the renovation was completed, the property’s new valuation was $250,000.
In just five weeks, I had created $52,000 of capital growth.
This experience was a turning point for me. It demonstrated that investing could be fun and significantly beneficial for my wealth, igniting a passion to continue growing my portfolio.
Overcoming Challenges in Wealth Building
Of course, the journey is not without its challenges.
One of the biggest hurdles I faced was running out of serviceability for more loans, which slowed down the growth of my property portfolio.
This was a frustrating moment, as it felt like a significant roadblock in achieving my financial goals. However, this setback was temporary. It taught me the importance of patience and perseverance.
Even when progress seems to stall, maintaining a long-term perspective and adapting to new strategies is crucial. Overcoming such challenges makes the journey more rewarding and enriches the joy of investing.
Strategies for Finding Joy in the Journey
One of my favourite strategies for building wealth is to have a plan to consistently apply money to grow your portfolio every month, no matter how much or little you have.
This approach instils discipline and creates a sense of accomplishment with each step forward.
By setting small, achievable goals, and celebrating those milestones, you can stay motivated and find joy in the process. Here are a few tips to help you stay on track:
- Set clear, realistic financial goals.
- Create a monthly investment plan and stick to it.
- Celebrate small wins and progress along the way.
- Continuously educate yourself about new investment opportunities and strategies.
The Reward of Financial Independence
Achieving financial independence has profoundly impacted my life.
It has given me the freedom to focus more time on the things I love, like travelling and exploring new places.
Moreover, it has allowed me to dedicate my time to helping others build their own financial independence, which is incredibly rewarding. The sense of fulfillment that comes from assisting others on their financial journeys is unparalleled.
It reinforces the idea that true happiness lies not in the accumulation of wealth but in the journey and the creative effort involved in achieving it.
Conclusion
In conclusion, happiness is not found in the mere possession of money.
It lies in the joy of achievement and the thrill of creative effort, as Franklin D. Roosevelt wisely stated.
The journey of growing one’s wealth over time is filled with challenges and triumphs, each contributing to a deeper sense of fulfilment.
By embracing the process and finding joy in each step, you can achieve not only financial independence but also true happiness. So, embark on your investment journey with passion and perseverance, and discover the joy of investing.
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