Recently, I have been thinking about how to make money for the personality minority, such as people with empathy and creativity. Investment could be a way for them. Today, I will talk about an idea for successful investments.
How to make money with our personalities
Sometimes, we want an earning method that suits our nature. Our jobs often stress us, especially if we have a strange personality, such as empathy and creativity.
Empathy and creativity look like talents if we look at them individually. Empathy allows us to consider others’ emotions and prepare for the future. Creativity gives us new ways to solve problems with even fewer resources.
However, when the two combine, it puts a huge mental burden on us in our relationships with others. Empathy with logical sense makes us worry about all the possibilities that make people uncomfortable. We might often feel anxious that our words or actions may have hurt someone. Although we want people to be pleased, we don’t want them discouraged.
That makes it harder for us to do ‘usual’ jobs, which require moderate sociability and insensitivity. We care too much about others. That stresses us.
That is why we often feel we are not good at making money if we are people with empathy and creativity. The majority of jobs demand sociality and competition, which we are not good at.
Earning money like saving
On the other hand, empathy and creativity give us another talent: frugality. Empathy allows us to consider and manage our belongings for the long term. Creativity gives us the ability to discern price and value. That gives us the ability to be frugal by finding affordable but effective materials.
In addition, frugality doesn’t require sociality and competition. That is the reason we like saving rather than earning.
It would be our ideal work style if we could make money or increase our wealth with a sense of saving.
Today, I will introduce a way of thinking: investment like being frugal. It might allow us to earn money with an extension of savings.
Considering investment as part of frugality
We can think of our investment as part of being frugal rather than a way of earning. That could allow us to make successful, super-long-term investments.
Frugal living means lowering costs without sacrificing our satisfaction in life. If we sacrifice our satisfaction, it will not be frugality but patience. That is why we can continue to be frugal and satisfied.
We secure things when they are cheap, preserve them properly, and consume them as needed. For example, we buy flour at the grocery store when it is cheap. We preserve it properly. Then, we consume it to make bread.
In the same way, we buy or secure valuable things at lower prices. At some point, groceries may be inexpensive. At another point, home appliances may be affordable.
It means we are changing our asset ratio according to the situation. We reduce the cash ratio and increase material assets, such as groceries or home appliances. We buy cheap but valuable things. Then, we increase the cash ratio by consuming or selling when it is expensive.
A way of thinking about making a successful investment
Investments are the same. We buy cheap but valuable assets. Then, we preserve them and sell them. Investing is more like saving than earning.
That helps us make a successful investment because it reduces our short-term speculative desires and allows us to wait longer.
On the other hand, considering investment as a way of earning makes us impatient because we tend to think that a lot of work increases our profits. For most jobs, the more tasks we do patiently, the more we earn. In investing, we sometimes misunderstand that dealing with many transactions brings us more profits. That makes us speculative.
However, in investment, our main task is to wait. If we want to sell high, we have to wait until the next peak according to the cycle. Unnecessary deals reduce our profits. If we wish dividends, we give money to others or companies and let them work for us.
Mindset of investment
The mindset of investors is different from that of workers. We don’t have to achieve something ourselves. We see the value based on the cycle. We can leave achievements to others or time.
Considering investment as part of frugality allows us to let others achieve instead of us. When we try to be frugal, we never try to control the outer world. We focus on the cycle and value changes.
The financial market is one of the markets that we can learn about and join easily. Although we have to learn asset types and find cycles, it could be an area where we can use our talents.
Conclusion
Considering investment as part of frugality might work, especially if we are empathic and creative.
That might allow us to make money with the sense of being frugal.
Thank you for reading this article. I hope to see you in the next one.
