Cultivating Patience Through Long-Term Perspectives

You asked us:

• How should those of us who have learned about investing and understand the meaning of these terms go about explaining these things to close friends and family who haven’t?
• How can I be more patient? I want to be a long-term, passive investor but find it difficult not to want to tinker.
• How we can effectively save for our children's future?

🤝 Get 1:1 help with your money from our financial adviser service

⁠⁠⁠https://makingmoney.email/financial-advisors-audio⁠⁠⁠

🎉Sponsors

MoneyWeek Magazine - Try it for free:

⁠⁠⁠⁠⁠https://moneyweek.com/money⁠⁠⁠⁠⁠

TaxZap - Do your tax return / self-assessment:

⁠⁠⁠⁠⁠https://makingmoney.email/taxzap⁠⁠⁠⁠⁠

Vanta - Get your company secure and compliant: ⁠⁠⁠⁠⁠https://vanta.com/makingmoney⁠⁠⁠⁠

Odoo - Apps to run your business: ⁠⁠⁠⁠https://www.odoo.com/r/MM1⁠⁠⁠⁠

📈 Investment platforms we use:

Trading 212

Watch this video where Damo explains how to get the most from it:⁠⁠ https://youtu.be/BVVZhrM0LVQ⁠⁠

Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1.

Use the code ‘MM’ or this link:⁠⁠ https://www.trading212.com/join/MM⁠⁠

InvestEngine 

Get up to a £50 bonus when you invest at least £100.

⁠⁠https://investengine.pxf.io/daOD2Q⁠⁠

Vanguard

Minimum investment of £500 or £100/month.

⁠⁠https://www.vanguardinvestor.co.uk/

Disclaimer:

This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.