213 - The Art of Waiting: Patience in a 'Now' Economy

Your Best Year Starts Here! with Nigel Risner and Neil Martin

Welcome back to "Your Best Year Starts Here" with Episode 213! In this week’s episode, we dive into the theme of patience and waiting, exploring how these virtues play a crucial role in both our personal and financial lives.

• The Paradox of Patience: We kick off the episode with a discussion on the modern struggle with patience, especially in an age where instant gratification is the norm. The expectation to have everything 'now' has been exacerbated by services like Amazon, making the traditional virtue of patience seem almost obsolete.

• A Personal Bitcoin Story: Nigel shares a fascinating encounter in Barbados, leading to an impromptu investment in Bitcoin. This anecdote serves as a backdrop to discuss the broader theme of waiting and investing in things we might not immediately understand but can offer unexpected returns over time.

• The Concept of T.I.M.E.: We explore the acronym T.I.M.E. ("Things I Must Earn"), emphasizing the importance of investing time and resources into ventures that may require patience but promise potential growth.

• Investment vs. Expenditure: The conversation delves into the distinction between spending money on ephemeral pleasures versus investing in assets like Bitcoin, where the value may fluctuate but also holds the potential for significant returns.

• The Psychology of Waiting: We discuss how the act of waiting can be a strategic and beneficial practice, not just in financial investments but also in personal growth and relationships.

• The Power of Perseverance: The episode concludes with a profound insight into perseverance, defined as the product of patience and persistence. This formula encourages listeners to stay the course, highlighting that success often comes to those who are willing to wait and work for it.

• "Time stands for Things I Must Earn."
• "Patience, particularly around things you are willing to lose anyway, you never know what's going to come back."
• "If you are giving someone attention to get something back from it, you are really taking from the relationship."
• "Perseverance is patience multiplied by persistence."

Episode 213 is a thoughtful exploration of the lost art of waiting and the strategic patience required in today's fast-paced world. Whether it's a financial investment, personal growth, or nurturing relationships, the ability to wait can lead to unexpected and often rewarding outcomes. Join us as we unpack these themes, share personal anecdotes, and perhaps inspire you to embrace the wait in your journey to making this your best year yet.

Remember, your best year starts right here!