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The benefits of delayed gratification and investing. (a thread)
Today is Bobby Bonilla day. He hasn't played for the NY Mets since 2000.
The Mets will pay him $1,193248.20. They will continue to pay him until July 2035.
Here's what we can learn from the Bonilla situation.
Today is Bobby Bonilla day. He hasn't played for the NY Mets since 2000.
The Mets will pay him $1,193248.20. They will continue to pay him until July 2035.
Here's what we can learn from the Bonilla situation.
1. Greed can be a killer.
Instead of a $5.9 mill lump sum, they agreed to pay $1.2 mill for 25 yrs.
Ownership thought they would be OK because they invested with B. Madoff and anticipated big returns. That investment failed.
They got greedy and they're still paying for it.
Instead of a $5.9 mill lump sum, they agreed to pay $1.2 mill for 25 yrs.
Ownership thought they would be OK because they invested with B. Madoff and anticipated big returns. That investment failed.
They got greedy and they're still paying for it.
2. Surround yourself with smart people.
Bonilla's agent was able to negotiate the deal with 8% interest. He was smart enough to know that this would benefit Bonilla for the rest of his life.
Bonilla's agent was able to negotiate the deal with 8% interest. He was smart enough to know that this would benefit Bonilla for the rest of his life.
3. Delayed gratification.
Bonilla was willing to make an investment and take a little less in the short term in order to reap the benefits in the long term.
The quick and easy money isn't always the best move.
Bonilla was willing to make an investment and take a little less in the short term in order to reap the benefits in the long term.
The quick and easy money isn't always the best move.
The stock market works in a similar way. Invest now in order to reap larger rewards later.
You have to be smart (Bonilla & his agent) & not foolish (Mets owners).
This guide will help you invest wisely, reap huge benefits
& use money to make money. https://gumroad.com/a/88831091/IDaKd
You have to be smart (Bonilla & his agent) & not foolish (Mets owners).
This guide will help you invest wisely, reap huge benefits
& use money to make money. https://gumroad.com/a/88831091/IDaKd
