First and foremost, I would like to welcome all my new readers to Compound Capitalist! The website launched just three days ago, but already I have been so incredibly pleased at the response that has been received. Thank you for choosing to be a part of this growing community, and for being open to learning more about finance and investing. My goal is to bring you awesome, useful, actionable content – and nothing less.
I’ve said it before, and I’ll say it again: I’m happy you’re here.
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Today, I would like to introduce “The Way of the Compound Capitalist”
Earlier this week, we heard from ten gurus about what the number one priority for new investors should be. All ten individuals provided great answers and insight. In their answers, there were three main themes:
- Learn what you are doing – Become educated
- Set goals – Define where you are going
- Start NOW – Take advantage of compound interest
The Way of the Compound Capitalist
Knowledge || Patience || Information
What is a “Compound Capitalist?” Is it an awesome use of alliteration? Yes. However, it is also much more than that.
First, let’s look at the two words individually:
com·pound | [kuhm-pound, kom-pound] verb
- to make or form by combining parts, elements, etc.; construct
cap·i·tal·ist | [kap-i-tl-ist] noun
- a person who has capital invested in business enterprises.
- an advocate of capitalism.
- a very wealthy person.
Blend the two words together, and you get a Compound Capitalist: Someone who intelligently invests their time, energy, and money into businesses (both those already established, and their own) and over time, becomes a very wealthy person. The key word here is time. A Compound Capitalist is not in the game to “get rich quick.” There are plenty of people, websites, programs, and more out there that claim to give you a sure-fire way to “get rich quick,” but it’s all absolute rubbish.
There are a few, fundamental principles that must be followed if you wish to build wealth over time. These are the principles behind Compound Capitalism:
Knowledge is the main reason Compound Capitalist exists. Becoming educated about how the markets work, and what different terms mean, and what to look for will go a very long way in helping you build wealth over time. Obtaining knowledge is absolutely critical before making any investing decisions. It will help you feel more confident in what you are doing, and help you to make wise investments that can have a huge impact over time.
Patience, young grasshopper. – Super over-used quote
Patience is a very important principle of Compound Capitalism. Unfortunately, this is not something I can teach. Patience is something that must be learned through doing. The markets will ebb and flow (sometimes very drastically) like they always have. Learn to be patient through turbulent times – like those we are currently in. A long-term mindset, with the knowledge to help you know when to buy and sell, will give you a better shot of truly building wealth through investing.
It’s no secret that we live in an increasingly information dependent society. There is news and information being transmitted 24 hours a day, every single day of the year. It’s easy to become overwhelmed with the amount of information that is out there, especially in regards to investing and finance. One of the goals of Compound Capitalist is to be a solid, reliable resource of information. Through posts every week, tweets every day, and a weekly online newspaper (Compound Capitalist Weekly – launching soon), my hope is that you will receive the information you need to help you succeed, without getting overwhelmed.
My Promise to YOU
Two of my priorities are transparency and integrity. I want to make sure these priorities are fully expressed through this blog. Chances are, I will include some affiliate links to products and/or items that I have used and would personally recommend to my closest friends and family. If there’s ever an affiliate link on this website or anything affiliated with this website (Twitter, Compound Capitalist Weekly, or any products that I may introduce in the future), I will let you know upfront. I do plan on doing product reviews, but these will be ONLY for products I have personally used and would recommend to those closest to me.
My main priority is providing you, the reader, with fantastic content. If in 10+ years you are better off than you would have been had you not discovered Compound Capitalist, I will have succeeded. In the meantime, I’ll be striving to give you the best content possible, and help you along your financial journey to the absolute best of my ability.
Have an awesome weekend, yeah?
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