One of the greatest investment lessons I have imbibed is the value of long-term thinking. If you want to create enduring wealth, think in 5-year, 10-year or even 15-year horizons. Don’t focus only on immediate returns.

Imagine if parents hadn’t held on to land or stocks for decades. How much would their kids’ inheritance be worth today?

I’m currently reviewing a portfolio I began years ago, and the value astounds me. It’s more than just compound growth. Because I embraced a long-term attitude, I discovered many opportunities I would have missed if I had focused only on immediate gains. Knowing what I know now, as a young employee with a steady income, I should have started investing much earlier.

Please start building a portfolio in the first few years of your career or business. In five years, your portfolio could grow enough for you to pursue the dreams you’ve always had. You could take a break from work to start a new business. You could afford to go for a Master’s Degree or get married. You will have choices.

During my investment course, I teach a class that helps people to create healthy long-term portfolios. I also provide shorter term options. You should check out my course curriculum.

For more, read Succession Planning