Search
  • Michael Green

Getting Rich is Boring

Updated: Dec 15, 2019


Many times over the course of my career as an investment advisor, the best relationships have been working with people who have spent most of their lives accumulating a retirement nest egg. The not-so-successful relationships have been with people who have what I call the “silver bullet” or lottery mindset.

Financial independence comes from putting money away monthly and yearly so it can grow slowly. Consistency in investing is much like it is in sports or business. It’s the small things we do every day, month, and year that lead to great success. It’s the exciting end result of boring lifetime habits.

On the other hand, too many people have a “lottery mindset.” I’ve had many people actually say: “When I get some money, I’ll come see you.” My response is: “When will that be, and how much money will be enough?” Usually, they have no answer.

Good “Boring “Habits to Wealth:

  • Save as much a you can and spend the rest.

  • Treat your saving as if it’s not your money and thus unavailable.

  • Don’t look for or take hot investment tips.

  • Forget the market. It goes up and it goes down and consistency still wins.

  • Set a goal and don’t deviate.

When it come to money, boring is beautiful.


91 views

CONTACT

EVERGREEN

CAPITAL MANAGEMENT

909 N 96th Street 

Suite 101

Omaha, NE 68114

402.392.1220

  • LinkedIn

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Securities offered through TradePMR, Inc. Member FINRA/SIPC. Advisory services offered through EverGreen Capital Management.