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Long-Term Strategic Patience

Key Takeaways

  • Sometimes you have to slow down to speed up.
  • It’s important to think about the small steps we can take toward our long-term goals.
  • Always keep in mind the importance of lifelong learning.

Have you ever rushed through something, only to realize you’ve created more work for yourself? Perhaps you didn’t take the time to formulate a plan or your haste caused you to make mistakes along the way. You likely thought you could save time by going as fast as possible, but sometimes we need to slow down to speed up.

There’s a book by Dory Clark, The Long Game, that embraces this sentiment. Clark writes about something called strategic patience. This is slowing down to speed up and there are four important points to consider when it comes to this topic.

First, you’re either winning or you’re learning. As humans, we tend to view things as win or lose, but life is really about winning and learning. If you don’t win at something, you learn how to handle failure and you learn how to improve. There is no real “losing” here.

Second, become an expert in your niche. The world is becoming very niche-oriented. Things are moving in that direction, where people hold very deep knowledge about a particular area in their field. For instance, there’s a financial advisor who only works with trailer park owners and no one else. Whenever trailer park owners need help with wealth management, his name comes up. So, if you’re going to do something, pick a niche.

Picking a niche is related to number three, which is thinking about your purpose. What do you love doing? These days, employees have a lot more freedom by being able to work remotely and because of the higher demand for workers. Give some thought to what you love doing – find your niche and become an expert. Build it step-by-step, toward your long-term goals. Doing so will provide you with never-ending excitement about your job.

Finally, be a lifelong learner. Once you find your niche, continue to learn more about it. Seek out others in your field and join their communities. Don’t ever stop learning and growing.

These are things you can do at any age, in any industry, toward any goal. Our society tends to want quick fixes, immediate gratification. Instead, look at the big picture – the long view, and build toward your future step by step. You’ll improve not only the quality of what you do, but the very quality of your life. Until next time, enjoy.

Gary

If you’d like to read more on this topic, here are a few of our past Coyle Blog posts that you might enjoy:

Why You Should Be a Lifelong Learner

The Joys of Failing Forward

 


 

Gary Klaben serves as a Financial Advisor, and visionary for Coyle Financial Counsel. He has over 30 years of experience and is the author of Changing the Conversation, Wealth of Everything and co-author of The Business BattlefieldWhether advising his clients, mentoring his team, or coaching entrepreneurs, he is always simplifying complexity and motivating others to take the next action that’s right for them.

Learn more about The Coyle Process, approach designed to get your arms around the big picture, so you can make informed financial decisions. Ask Gary about The Coyle Process and schedule a complimentary consultation and start living the Good Life Managed Well™.

www.coylefinancial.com
847-441-5644 | coyle@coylefinancial.com 

We value your comments and opinions, but due to regulatory restrictions, we cannot accept comments directly onto our blog.  We welcome your comments via e-mail and look forward to hearing from you. 

All information is from sources deemed reliable, but no warranty is made to its accuracy or completeness.   This material is being provided for informational or educational purposes only, and does not take into account the investment objectives or financial situation of any client or prospective client.  The information is not intended as investment advice, and is not a recommendation to buy, sell, or invest in any particular investment or market segment.  Those seeking information regarding their particular investment needs should contact a financial professional.  Coyle, our employees, or our clients, may or may not be invested in any individual securities or market segments discussed in this material.  The opinions expressed were current as of the date of posting but are subject to change without notice due to market, political, or economic conditions. All investments involve risk, including loss of principal.  Past performance is not a guarantee of future results.

Copyright © 2022 Coyle Financial Counsel.  All rights reserved.

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