My wife and I just celebrated our 2nd wedding anniversary in New York City โค๏ธ and, of course, we stopped by Wall Street and the New York Stock Exchange.
Walking around, I couldnโt help but notice all the glamour, flashing tickers, and โget rich quickโ hype that comes with the stock market. But the truth is simple:
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Law #1: The stock market is a mechanism that transfers wealth from the impatient to the patient. Itโs not about timing the market โ itโs about time in the market.
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Law #2: On average, the stock market doubles every 9 years. $100K today โ $200K in 9 years โ $400K in 18 years โ $800K in 27 years โ $1.6M in 36 years. ๐
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Law #3: Have a financial roadmap for every single dollar before it comes in. Wealthy people assign dollars before they hit the bank account.
The most successful investors? They stick to these principles and let time + consistency do the work.
๐ If you want to dive deeper, check out my podcast episode on The 7 Steps to Financial Freedom (Spotify & YouTube).