Waiting for your pitch
The secret to hitting home runs on and off the field
If you want to build wealth, you better be willing to lay off a pitcher’s pitch in a hitter’s count.
What do I mean?
One of my single buddy’s got $2M, mostly liquid from hedge fund work. But he’s leaving his job soon and is anxious to get another one to cover his expenses.
As a D1 baseball player, he knew what I meant by saying that his financial situation is like having a 2-0 count. He can afford to not work for several months while he “waits for his pitch”
Because just like in baseball, in business it’s a lot easier to hit fastballs down the middle. And if you don’t *have* to get a job, you’re better off being picky and waiting for YOUR PITCH.
In his case, so what if he burns $100K in 6 months being picky. Then he’s still got $1.9M and at worst is in a 2-1 count. Still can’t strike out with a 2-1 count.
The worst fear you can have when you have a 7 figure net worth is worrying about “number going down” by a few percent. Guess what. It’s gonna go down a few percent on a bad day anyway, so why rush a decision that you don’t have to.
Just watch SportsCenter and read the Wall St Journal. Home runs on and off the field are hit on pitches right down the middle, after all.