Diary of a future rentier (24)

Although I have probably always been, without knowing it, looking for financial independence, I only really became aware of it at the beginning of this millennium. So that's fourteen years now. I started this long journey with very small steps, with more or less success. During the first decade, I learned and amassed a lot of experiences, some catastrophic, others much better. It must be said that this stock market period was special, even for the most seasoned.

Durant ce laps de temps, j'ai essayé beaucoup de stratégies et de systèmes différents, certains efficaces, d'autres pas du tout. J'ai testé l'analyse technique, l'analyse fondamentale, les actions, les obligations, les investment fundsthe ETFs, les hedge funds, l'real estate, etc. J'ai certainement perdu un peu de mon temps. Certains auraient peut être réussi à acquérir l'indépendance financière durant la même période, quoique j'en doute quand même un peu étant donné les conditions du marché pendant ce temps.

But this long apprenticeship was necessary. Today I stick to a few key principles, which I apply methodically. I no longer change my mind as in the past. Above all, I am confident in these principles, even if in the short term they do not prove me right. I see things with much more perspective than in the past, I focus on long-term trends and I put the fears and excitement of the crowd about the market into perspective enormously.

You don't become a rentier overnight, that's obvious. Not only does the accumulation of capital take a lot of time, but above all it is a long psychological process to put in place. You have to be ready in your head. This is already true when you become a rentier, but it is also true throughout the quest for financial independence.