I watched this pretty cool documentary the other night on non-mainstream investments. It started off by saying the two most common investments be will make is their home and the stock market.
For most people their biggest investment is going to be their home. This already indicates that most people when they invest in something it’s not just a pure monetary decision. They don’t buy something without really knowing what it is without really caring what it is only hoping that it will go up in value.
People invest in things for a lot of different reasons besides because they hope they will financially benefit. Yhe first example of a non-kind of mainstream investment is fine art.
Fine Art Investments
A lot of people spend a lot of money on fine art and this is the kind of investment that is only available to the very very rich. Fine art tends to go up in price over time which makes it technically investment but the reason people buy fine art is very very interesting and it kind of indicates one of the deeper reasons why people get wealthy in the first place.
I had a friend that I used to work with that used to collect baseball cards but he did so in a very specific way in for a very specific reason. At the beginning of every baseball season he would study all of the rookies that were beginning that season he would try to pick the 10 or 20 that would have the highest likelihood of having fantastic careers.
His intention was that after doing this for maybe 20 or 30 years he would have this huge collection of rookie mint condition baseball cards that would be worth a lot of money. His reasons for doing this work were numerous but they’re all very very good reasons.
Million Dollar Whiskey Bottle
Probably the strangest investment they talked about was very very expensive bottles of whiskey. When you think about a company that’s going to make a very very expensive bottle of whiskey takes a very very long term planning.
Bottles of whiskey that are worth millions of dollars are usually 50 years old at least. For a company to make a limited-edition batch of whiskey takes a serious amount of long-term planning. You have to have a business has been around for a while.
You have to have a business that you expect will be around for a while because you have to consciously decide to make a specific batch of whiskey let it age for 50 years and those big wooden casks bottle it in a very limited edition and sell it.
Long Term Brand Building
The idea being that if you can sell your whiskey brand in the limited-edition 50-year-old bottle for millions of dollars that will do a lot for your kind of brand awareness.
This kind of indicates the one thing that is common among all wealthy people especially the wealthy people that invest in these very strange investments that is one of the main reasons people get wealthy.
One of the main personality traits common to all these people that invest in these very very wealthy elite style investments is they have a very long range planning skills.
Long Range Planning Skills
If you have long-range planning skills, if you develop long-range planning skills, that means that you’re making decisions today that won’t benefit you today but will benefit you far into the future. This indicates that one of the most important things you can cultivate as a personal habit is the ability to delay gratification.
Delaying gratification necessarily means that you are doing things today to build a better future. Not just doing things today to enjoy things today. Once you start to delay gratification, once you start to plan your behaviors today so that they will build you a bigger future, you will actually have a bigger future to look forward to.
After you realize that this is a secret to building a bigger future, that the more you delay gratification the more you consciously build a bigger future, you’ll start to understand that this is the only way to get a better future.
Most People Live For Today
Most people that don’t or can’t delay gratification they only live for today they have this kind of hope that their future is going to just kind of happen on its own. But once you start to delay gratification you start to see your future in mind before it happens.
Before you kind of get this feeling of building your future you start to realize that only you can build your bigger future.
It has to come from delaying gratification. It can’t come from consuming all of your resources today. You have to do activities today that will build a future further and further out into the future. Every single thing you do to delay gratification will help because delayed gratification are the ability to delay gratification is one of the one traits that will shift from area to area.
Start Small And Build
For example if you start to delay gratification by going to sleep earlier that ability will bleed over under other areas of your life other financial areas are planning areas are learning skills areas.
Once you start to do this once you start to plan your behaviors today that will benefit your future out into the far distance as far as you can see you will start to leave behind all the people that only plan to live for today and this is the one reason why wealthy people become so wealthy.
Because they have been doing this for such a long time it’s not something you can see for a few weeks and then copy it it’s a skill that you have to cultivate and then build over several years. There is nothing that is more beneficial than delaying gratification that will build a prosperous future.
Can’t Taste Your Whiskey
The interesting thing about investing in bottles of whiskey is it’s an investment that you can never really enjoy. You can look at your bottle of whiskey on the shelf. You can show off your bottle of whiskey to your friends, but you can never taste it. You can never truly enjoy your investment.
If my friend eventually gets enough baseball cards that he’s a millionaire, he will pass that on to a son. That’s one of the reasons he’s doing that is he spending his time as well as money to hopefully build up a very very lucrative investment that he can pass on to his son.
That’s one of the main reasons people buy fine art. They don’t buy fine art so they can kind of just hang it on the walls and look at it. They buy fine art because the people that are that wealthy they tend to have wealth that’s been in their family for many many generations.
Long Term Game Plan
One of the interesting things about people invest in fine art that have had wealth and their family for many many generations is their wealth tends to last longer than any kind of society they live in. They’ve learned over history that every single society will eventually collapse.
That means the monetary system of that society will collapse and one of the main reasons able invest in in real estate and fine art is because once the society collapses in the monetary system is no longer worth anything they’ll still have stuff that is very very valuable.
For these people that invest in fine ar,t one of the reasons as they want to preserve their wealth over the very very long term and that’s kind of an indication of how they got their wealth in the first place. They’re thinking in such long terms. They’re plans are longer than the society in which they live.
Practice Makes Better
That’s the kind of thing that the more you practice the more it will build and the more it builds the stronger it will be. The stronger your ability to think long into the future based on how you behave today the more successful you will be.
Mind Persuasion has plenty of books and courses to teach you how to speak hypnotically and persuasively.