Consistency is not a guarantee of success. But lacking consistency is a surefire way to guarantee you won't be successful.
Carson Capital
Investment Management
Minneapolis, MN 17 followers
Investment management and financial planning for self-starters and entrepreneurs.
About us
Investment management and financial planning for self-starters and entrepreneurs. Schedule a free wealth strategy session - at www.carson.capital/strategysession
- Website
-
https://www.carson.capital
External link for Carson Capital
- Industry
- Investment Management
- Company size
- 2-10 employees
- Headquarters
- Minneapolis, MN
- Type
- Privately Held
- Founded
- 2021
- Specialties
- Investment Management, Investing, Financial Planning, Estate Planning, Charitable Giving, Portfolio Management, Business Planning, Risk Management, Growth Investing, financialwellness, retirement planning, Tax Planning, cashflow, cashflow planning, cashflow management, wealth management, finance, Financial Advisory, personal finance, and money
Locations
-
Primary
Minneapolis, MN 55416, US
Employees at Carson Capital
Updates
-
Compounding over time and consistent investment are the two most powerful drivers of success in investing. Ditch the all-or-nothing mentality. When investing to hit your long-term goals, you might miss a month. That is OK. What's not OK? Letting that missed month turn into 2 missed months. Instead, follow the Never Skip 2 Rule (H/T Matt D'Avella and James Clear): “Never miss two in a row.” Consistency beats intensity when it comes to building wealth. If you miss one month, that's okay—life happens. However, missing two can start a trend that leads to quitting. I learned this rule early, and it helped me create a multi-million dollar portfolio by 31. Our results in 6 months are a lagging indicator of our actions today. So, if we want predictable results, we must be consistent now. If you want help staying consistent with the right strategies to compound your wealth - reach out, and let's get to work. P.S. - If you want financial freedom before 65 or 70, I'd encourage you to apply this principle to investment accounts outside of your 401k.
-
I've seen many folks jump through hoops to buy below-average properties for too much money with 1031 exchanges on the line. Reminder: It takes a long time to recover from a basis that is too high. Never let the tax tail wag the profit dog! #inevsting #realestate #money #finance
-
From 1928-2023 the S&P 500 experienced drawdowns of: 10% or worse in 64% of all years 15% or worse in 40% of all years 20% or worse in 26% of all years Losses are normal, even when markets do well. Losing is apart of winning. The only way you actually lose if you quit altogether or let your emotions drive your investment decisions. The S&P 500 has finished the year up double-digits in 56 out of 96 years since 1928. In 24 of those 56 years with double-digit gains, there was a double-digit loss at some point in the same year. That means nearly 45% of the time, when the stock market has been up 10% or more, there has been a correction of 10% or worse on the path to those gains.
-
I had a great dad bod going on for a while. I started consistently going to the gym 5 days a week to change it. I felt healthier but wasn't progressing enough toward my overall health goal. Once I hired my nutrition and accountability coach, I made more progress in a couple of months than I had in over a year by myself. Now, with anything (health, money, relationships...), I'm making sure I have all 3 of the critical pieces of success: 1) Effort 2) Consistency 3) the right strategy
-
I've noticed repeatedly that when clients spend 30% or more of their total take-home pay on housing costs, their finances become tight, leaving little room for mistakes and causing significant stress. I typically recommend aiming for housing costs to be 25% or lower, ideally even 20% or lower. The people I've seen consistently hit 20% or lower have way more life options and are typically on a path to early financial freedom.
-
If you want to own your future, own businesses. Whether that means investing in your own business or someone else’s. It all starts with converting your human capital into cash to buy businesses (savings rate) Then it's about the quality of your investment strategy that drives the rate at which your capital consistently compounds (annualized time-weighted return) That's it. Those two things determine how quickly work becomes optional.