I was working with a private client who had a lump-sum of money available to invest.
asserted
who → work → money
We’d spent some time getting her clarity on her financial position, adding some structure to her finances, and building her understanding of investing.
asserted
We → spend → investing
This gave her some assurance, calmed her nerves and improved her confidence in preparation for investing.
asserted
This → give → investing
But the money was still sitting there, in her account – uninvested.
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money → sit → account
Despite all the progress, she felt restless: that task was looming over her head, waiting to be ticked off the checklist.
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task → feel → checklist
This is something I see in clients a lot: urgency, restlessness, impatience.
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I → see → clients
This feeling of: “I should be further ahead than where I am right now,” or “I’m behind”, or “This is taking too long.
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This → ’m → ?
That’s understandable.
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That → ’ → ?
There is messaging everywhere that reinforces this: from gloom-and-doom headlines that make you lose sleep at night, to the never-ending comparison one can fall into on social media, so no matter how far you get, it never feels like it’s enough.
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it → be → media
Many people are convinced this anxiety is helpful.
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anxiety → convince → ?
It’s what motivates you to get things done, to achieve and progress.
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things → ’ → you
However, often, this anxiety also pushes people into rushed decisions that just cause more anxiety down the track.
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that → push → track
For example, you have a lump sum of money you know you “should” invest, but you don’t know how – so you hand it over to the first financial adviser you talk to or buy the first property some family member says to because you just want it off your plate.
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you → have → plate
For a short time, you’re relieved.
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you → ’re → time
But quickly, you’re now worried about whether it was the right move.
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it → ’re → ?
One of the most powerful but underrated skills you can develop on your wealth journey is the ability to tolerate anxiety without reacting to it.
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you → develop → it
Here are some perspective shifts that will help:
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that → help → ?
Learn to measure progress differently
When it comes to money, we are often so anxious to fast-forward to the outcome that we don’t consider anything else progress.
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anything → learn → outcome
We want more money in the bank, we want the house bought, the money invested, the ROI delivered – we want tangible results, and we want them fast.
But that’s not how it works.
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it → want → them
There could be many steps before you arrive at the outcome.
uncertain
you → arrive → outcome
Maybe you never had much exposure to the idea of investing until later in your life.
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you → have → life
Perhaps it took a while for you to overcome your fear of risk.
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you → take → risk
Getting to the finish line isn’t progress – every step towards the finish line is.
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step → get → line
Maybe you never thought it was even possible for someone without a professional financial background to invest on their own.
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someone → think → own
Maybe you first had to figure out how to stay out of debt and save consistently before investing was an option.
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investing → have → debt
Maybe you had to make a few mistakes and lose a bit of money to learn a few lessons.
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you → have → lessons
If you’re impatiently waiting until you finally have $X in investments or $Y net-worth you’re missing (and devaluing) all the progress you’ve made until that point.
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you → wait → point
Getting to the finish line isn’t progress – every step towards the finish line is.
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step → get → line
Sustainable progress beats fast wins
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progress → beat → wins
Everyone will sell you fast results – because fast sells.
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Everyone → sell → results
But having now supported hundreds of clients in creating (collectively) millions of dollars of financial outcomes – I can tell you that it’s usually the ones who aren’t trying to rush to the end, who end up growing the fastest long-term.
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who → support → end
The ones who have achievable goals that they can be excited about.
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they → have → that
The ones who aren’t measuring progress solely by the number, but by how much they’re learning and growing.
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they → measure → much
The ones who are enjoying the added clarity and confidence that comes with figuring out one more piece of the puzzle – knowing, trusting, that piece by piece, the puzzle will be completed.
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puzzle → enjoy → piece
This is what gives them the ability to stay the course, without getting tired, frustrated, impatient, burnt-out – and ultimately, why they get faster, bigger results, long term.
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they → give → results
This takes the ability to enjoy the journey – and not just the outcome.
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This → take → journey
This can be tough when it comes to wealth because – well, of course you just want the outcome, duh.
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you → come → outcome
Everyone just wants the money, right?
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Everyone → want → money
Surely, no one enjoys something as dry and boring as investing, right?
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one → enjoy → investing
Listen, I get it.
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I → listen → it
…and 6 more, not listed.