Hello Grasshoppa,
In a world that glorifies hustle culture, many believe that grinding harder & longer is the only way to achieve wealth. But let me let you in on a secret: financial growth is often less about hustling & more about consistency. Let’s dive into why slow & steady really wins the race.
When we think of wealth building, many of us imagine endless side gigs, sleepless nights, & burnout. Sure, hustling works short-term, but it’s not sustainable. Take investing as an example. Suppose you set aside RM500 every month in an index fund with an average annual return of 8%. Over 20 years, that snowballs into over RM300,000, thanks to compound interest. Compare that to someone hustling sporadically—saving big one month & nothing the next. The lack of consistency often results in lower returns because compounding works best over time.
Now, let’s talk about budgeting. Many fail not because they don’t earn enough, but because they lack discipline. Imagine setting a clear plan: RM1,000 for essentials, RM500 for fun, & RM500 for savings each month. Sticking to this simple breakdown consistently will help you grow your savings & reduce financial stress over time.
Consistency also applies to self-improvement. Being “rich” isn’t just about money—it’s about knowledge & skills. Instead of binge-learning during a crisis (like suddenly needing a new job skill), commit to reading one financial book or taking one online course every few months. Over the years, this builds expertise that others can’t catch up to overnight.
But here’s the catch: consistency is boring. There’s no overnight thrill, no Instagram-worthy moment. Yet, it’s this predictability that lays a rock-solid foundation for long-term wealth.
So, how do you build consistency in your financial life?
- Automate your finances. Set up auto-debits for savings & bills so you never “forget.”
- Create habits, not goals. Instead of aiming to save RM50,000 this year, focus on saving RM4,200 each month.
- Stay patient. Remember, wealth building isn’t a sprint; it’s a marathon.
Life isn’t about working yourself to the bone. It’s about working smart, building habits, & watching them compound. The secret lies in showing up—day after day, month after month. During the pandemic, I have learned about living my life to the fullest while ensuring my investments work hard for me. Does that mean that I am not working on my side hustle anymore? I am still working hard to build all my side hustles such as my gym & other business. That profit is mainly used for me to fund my hobby & holidays with my wife while my long term financial growth still relies on the investments that I’ve been making over the years. If you are feeling unsure on where or what to invest, you may always stick on something where you are more comfortable at such as EPF where you can invest with your own money as well. To understand more, you may checkout my previous post on it.
OSS!
