This week, I’m talking about how to become a millionaire. 

Today, I’m talking about how it’s more important to get base hits vs. home runs. This is true in many things in life, and while on the surface it sounds like settling for mediocrity, it’s not. 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 money and 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. 

Good investors and the best investors like Warren Buffett still get home runs, but it’s not because they’re chasing after home runs. It’s 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. My name is Ashley Micciche and this is the One Minute Retirement Tip.

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