“My father read Richard C. Young’s Intelligence Report, and he passed them along to me,” is a comment I receive regularly. Who do you trust more than a parent? It’s why when you and I work together, it’s not like you’re learning about investments for the first time. I don’t think I’ve ever made a cold call. Most everyone I talk to for the first time knows about us. It makes life easier for all participants.
But what can be an issue is if a loved one is never introduced to us. It takes time to understand what we’re doing every single day. Investing isn’t supposed to be fun. It’s more about discipline. Investing with time in mind. Try explaining that to a newbie.
But you and I know the magical gift of time. When, after a long while you realize, “Wow, I’m worth some money.” Compounding, the art of time value of money, is what turns your savings plan into a retirement dream come true.
Recognizing what you know about investing is not intuitive. What you may take for granted isn’t necessarily common knowledge. It’s easy to think your common knowledge is common. It’s not. The fact that you’re reading this tells me you’re interested in being careful with your money. And teaching that to a loved one is not an easy task, especially when the first question they ask is, “Do you own bitcoin?”
The time to introduce your family to Richard C. Young’s unique investment approach is now, before you’re gone. Just showing them your statements and a phone number doesn’t explain your philosophy about investing.
What needs to be addressed are concepts like The Prudent Man, and compound interest, and what it takes to keep your money.
Action Line: Work to make money, invest to keep it. Explain to your loved ones about what you intend for them. When you’re ready to introduce us, email me at ejsmith@yoursurvivalguy.com. I’ll know you’re serious.
Originally posted on Your Survival Guy.
