Treat Your TALENT like your WEALTH...

Do you invest your money? If you do, you understand the principles of discipline, time, and interest. If you have never invested your money, these principles may sound odd, but don’t worry; this will make sense.

If you want to get better at your craft, you need to look at your talent like your wealth. If you have a small bit of ability (play your CAGED chords, play a few songs) then you have a little savings to work with.

Imagine every time you practice is like going and making a deposit in your wealth account, you don’t have to do much, but you need to stay consistent. This is the discipline part. With each practice session, you are building a small amount of talent wealth. Next you learn barre chords, then some scales, next a few more songs; after a bit more time, your talent wealth is growing as long as you stay consistent. This is the principle of interest; your talent is growing over time with consistent practice and discipline, the same if you have a IRA or 401K account that continues to grow with each deposit (even the smallest bit) into the account.

If life takes an uncertain turn, just like the market, your wealth could decrease. This is the nature of investing and uncertainty. Also your talent can decrease if you have to step away from your craft for a period of time, but it can come back quickly if you have installed good habits and principals building up your talent wealth along the way.

Next time you practice, make sure to allocate some of that time to building a foundation that is strong in fundamentals and stay consistent.