“The compounding of small actions over time leads to massive results.” – Scott Ingram in today’s Tip 1198
What can you be investing in that is going to benefit you massively in the long term?
Join the conversation below and share your thoughts!
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Transcript
Scott Ingram: You’re listening to the Daily Sales Tips podcast and I’m your host, Scott Ingram. Later this Sunday morning after this tip gets released I’ll be recording a bonus episode interview for the Sales Success Stories podcast with David Weiss and we’re going to be talking about Investing and Side Hustling for Sales Professionals. You can look for that in your podcast feed on Tuesday.
One of the most important parts of my own investing strategy is Dollar Cost Averaging. Hopefully, that’s something you’re already familiar with, but if you’re not, it’s simply this idea that rather than making a big investment all at once and being really worried about the price you’re paying. It’s better to make small regular contributions over time. That way if the price is high you’ll buy less, and when the price is lower you’ll be able to buy more. For me, it also helps psychologically, because I actually get really excited when the markets go down.
I’m investing for a really long time horizon, and those dips are an opportunity for me to buy more and for my investment dollars to go further. Perhaps more importantly though, it’s about the regularity of those contributions. Hopefully, you’ve picked up on this idea from me by now that I’m all about consistency over time. The compounding of small actions over time leads to massive results.
What can you be investing in everyday or maybe every week that is going to benefit you massively in the long term? Might be as simple as just listening to these tips and applying the different ideas, maybe you’re reading a new book every month and compounding your knowledge that way. The best investment you can make is an investment in yourself, and the best way to do it is consistently.
Do yourself another favor and start claiming these $SALES coin rewards consistently over time. They’ll add up for you too. Today’s link is SalesCoin.co/dca for Dollar Cost Averaging, and if you need a bit more context just click over to top1.fm/coin-intro for an overview.
Once you’ve done that, be sure to come back tomorrow for another great sales tip. Thanks for listening!