Your Survival Guy

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REJECT FEAR: You Can Become a Compounding Machine

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Your Survival Guy wants you to be a compounding machine. Think about the rule of 72—the time that compounding takes to double whatever it is your looking to grow. This isn’t about money. It’s about you. Your personal growth. Easy to understand. Hard to do.

On the flip side, reverse compounding is also easy to understand but unfortunately, it is also easy to do. It’s a killer. Your Survival Guy was golfing last week in New Hampshire, for example, and was reminded of how hard it is to recover from a hole when losing a ball. It’s brutal. Losses are brutal.

Life Comes at You Fast. Slow It Down with My Friday Email. It’s Free.

Last week I wrote to you about fear and whether or not it’s something we’re born with (nature) or something we learn (nurture). It’s probably a combination of both. (Remember, I’m Your Survival Guy, not a scientist.) But I believe it’s mostly learned. Because at some point, fear is either too taxing emotionally and we figure out ways to reduce it, or our body succumbs to it. Panic is a terrible emotion.

Action Line: Being a compounding machine is all about the slow and steady approach. We all know how the tortoise does in the race. Slow and steady as we go. If you need help getting to where you want to go, then let’s stick together. But only if you’re serious.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.
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