When it comes to investing you'll hear every get rich quick and so called secrets to wealth build out there. All that flash sounds great but it's just that, a big gamble or a flash in the pan for hope. But what few really talk about are the real proven methods of building wealth through consistent investing and that's what we are going to go over today in this article.

Investing NOW

I went over this in detail in a pervious article of mine called Why My First Goal Was 100k Crypto in which I go over why the first 100k in investing is so critical for success and doing it as soon as possible matters.

You'll see once you hit 100k how things start to speed up. Especially right now at the time of writing this with bank interest rates at around 5% and some cryptos being upwards of 15% which can speed this entire process up even faster then what others had 10 years ago.

Don't Try To Time The Market

Yes, what is known as dollar cost averaging will 99% of the team beat out those trying to time the market. That's because at some point you're going to make bad calls and those bad calls are going to set you back further so much so that even when you finally have that big win it most likely was already off set by all those times you got it wrong. It's legit like gambling and it's not on your site.

With dollar cost averaging though you're not trying to time the market instead you're just constantly building at steady times. Over time 20 years+ it's been proven that this method works and works well.

While sure if you get lucky like 0.5% of people do and you hear on the news like the big Dogecoin earning who then last it all lol it's possible but the chances are extremely low and are not in your favor.

Get a goal in mind, stick to it and start building wealth over time. Heck I even hear @khaleelkazi talk about how he's been simply dollar cost averaging into bitcoin for the last few years and how it's his best investment yet.

Invest In What You Understand

If you don't understand it and how it works you shouldn't be investing into it. Instead most people simply invest in things because of news headlines, their friend told them about it etc.

Unless you've done your own research, understand how and what it is and the general landscape of it. Another big example of this is Fomo which I believe many of us understand. You see everything skyrocketing and often feel like you've missed out and end up simply aping in because you're going to make it big.

These things often end badly 9 times out of 10. Instead understand what you're investing in so you can make educated choices. This is your future.

Long Term Mindset

For any investment instead of looking for quick profits (often known as day trading) you should be investing with a long term mindset. It's money you don't need now or in the near future so you can take the shock of prices falling but be able to ride it out.

Consistency

Just like anything being consistent matters. This touches base on the above with dollar cost averaging where you invest at a steady rate over time. You can do this in many ways such as an automated extraction from your paycheck that gets invested into a index fund all the way up to doing it manually and buying some form of crypto if you wanted to on a regular basis.

Don't delay and put of your investing any longer. There are now more ways then ever before to make money/crypto then ever before and interest rates are currently crazy high compared to what they have been in the last 20 years.

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