This week’s theme is millionaire habits. The habits, behaviors, and attitudes of the most successful among us can teach us something about how to reach and maintain a financially secure retirement.

Today’s tip is all about how baseball can help you be a better investor. Let me explain.

First of all, let me just say that I know next to nothing about baseball. But I do know that baseball isn’t just about smashing home runs. It’s also about strategy and hitting base hits when the situation calls for it to get other players into scoring position.

The same is true with investing. Too many investors aren’t successful because they ignore base hit opportunities...all the while, wildly swinging at every pitch and praying for a home run. But all it leads to is strike after strike.

Hitting base hits isn’t as fun as hitting home runs, and it requires more patience, but investors can build serious wealth by patiently sticking with base hits, knowing that if they are patient, they will likely hit a few home runs along the way too.

This means sticking with a boring, diversified portfolio and not chasing the hot stock tip of the day, or betting everything on the next big trend.

I rarely have a client come to me with a hot stock tip; something that they must buy because they don’t want to miss the boat, and I think it’s for good reason.

Most of our clients are successful at investing because they patiently pursue base hits, and don’t let greed, or fear of missing out cloud their good judgement.

That’s it for today! Thanks for listening. Tomorrow we’re going to talk about why I’ve never met a millionaire market timer.

My name is Ashley Micciche and this is the One Minute Retirement Tip.

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Tags: retirement, investing, money, finance, millionaire habits, what millionaires do, how most millionaires are made, rich habits, building wealth, wealth building ideas, how to build wealth, get rich, positive habits, fear of missing out, how to be a successful investor