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Get Richer By Saving Money Like Frugal Billionaire Warren Buffett

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Haters will call you cheap, fans will call you frugal, but if you can save half as much as Warren Buffett, you’re going to reach financial freedom.

If you don’t know much about the Oracle of Omaha, Mr. Buffett, just know he’s been the richest guy on the planet and is currently the third wealthiest man living.

And he’s famously known as the best investor of all-time—no big deal though.

Don’t be fooled. His investing talents aren’t the only weapon in his arsenal to build wealth. This guy is as thrifty as your grandma cutting coupons before every grocery visit.

Here are a few examples of Warren Buffett’s frugal ways that set himself apart from the rest of us:

  • Lives in the same house that he bought in 1958
  • Turned a dresser drawer into a crib for his first born child
  • Drove a Volkswagen for the longest time until his wife replaced his car for him
  • Never spends more than $3.17 for breakfast

By mixing an intense savings rate with wise investing, his wealth skyrocketed like you can’t imagine.

To be 100% clear, if he saved less he has less money to invest and a much smaller net worth. Taken to the extreme, with no savings then he has no money to invest, and no wealth.

So this article is going to focus on his top 1% savings rate since most articles on Buffett focus on his investing.

Now that Warren Buffett laid out the blueprint, all you have to do is follow it to master your money and build wealth.

Would Warren Buffett Approve Of Your Savings Rate?

warren-buffett-frugality

How much do you shell out for breakfast? I’m convinced that 99% of you spend more than Warren Buffett does on an average day.

What’s your current car and living situation? Is it above your means, just at your means where if you lost your job you’d be screwed, or below your means to pocket extra cash?

We all know Warren would advocate to live below your means because he knows that with compound interest on your side, your money will double quicker than you realize. That’s how wealth is earned.

How much money do your currently save?

I recommend all young adults save at least 20% but ideally upwards of 50% if they truly want to be financially free in a short amount of time (around 10 years).

In all money matters, aim to be more like Warren Buffett and less like mainstream culture who is fixated on buying the new shiny object and trend of the month.

And when you think you’re saving enough, save just a little more. If you can do the hard work now, life gets much easier going forward.

Want more savings tips? Check out my Amazon bestselling book Freedom Mindset. It has everything you need to become a millionaire.

Final Words

You don’t have to listen to me. By all means you can continue to spend money without a care in the world.

Except how long does that last until it comes back to haunt you?

Is it in eight months when you don’t have enough cash to buy a wedding ring and have to delay getting engaged?

Is it in three years when you can’t afford to quit your job and rely on your savings for six months until your side hustle starts making money?  

Or is it in 10 years when you’re stuck at that same financial position you were a decade ago and are no closer to securing the financial future of your family and kids?

Procrastinate all you want. But fortune favors the frugal—just ask old Warren Buffett about that.

And the time is now for us young adults to be bold with our savings and investments so we can cash in like kings later.

P.S. Want to learn more about Warren Buffett? I read his biography Buffett: The Making of An American Capitalist and loved it.

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Career

Why Your Salary Is Costing You Millions In Earned Income

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salary-makes-you-lazy

The average person craves a salaried job the for comfort, security, and the guarantee they can pay their bills.

But a salary will cost countless people millions of dollars in earned income throughout their career.

It’s ironic that we want a guaranteed income so we can live comfortably leading up to and through retirement.

That’s what society promises, at least, until things become uncomfortable.

Once something bad happens—you get fired, laid off, don’t save enough, salary increase doesn’t keep pace with inflation, make bad financial choices, have expensive kids, get divorced—and now you’re far away from a comfortable retirement nest egg plus have less skills and determination to go make your own money.

The salaried gig looks great on the outside, until you dive deeper to see that it’s often the single biggest demotivator and limiting factor to earning more money.

Your Salary Kills Urgency And Entices Laziness

Though not entirely similar, a salary shares some common characteristics of communism.

You get the same paycheck every month regardless of your performance—pretty close to communism.

At many jobs, a guy like Bill will voluntarily show up at 6 AM every work morning and leave at 8 PM, while slacker Johnny over there shows up at 8 AM and leaves at 6 PM and is paid the exact same wage as Bill.

The paycheck doesn’t reflect the reality that Bill worked 20 plus more hours than Johnny and got a heck of a lot more done than Johnny.

Talk about unfair? The salary gig is cruel, I’m telling you.

And since that situation isn’t fair, human nature will get Bill to think, “Stop working so hard. Why bother to put in the extra hours if I’m not rewarded? I’m going to start acting like Johnny because he’s doing just what’s asked of him and the boss doesn’t notice my performance.”

Now I’m not naive to think that bonuses, raises, and promotions aren’t a thing in the workforce—a differentiator from communism.

However, those are just too much out of your control to count on and you’re not rewarded until months or years later. And they often require smart salary negotiation, which is difficult if you’re not practiced, on top of luck.

Plus, in the example above, if Bill decides to work less and deliver less value then he won’t get the bonus or raise even if there’s one available.

The idea is that a salary often persuades workers to do the bare minimum to keep their job and keep getting paid.

It doesn’t entice individuals to give their all each and every day to not only make themselves double the income, but the company double the return on investment in them as well.

Knowing a paycheck is coming has a cocaine effect where you’re addicted to that monthly guaranteed income even though it’s not in your best interest to rely on it.

What’s worse is the damage it does to your overall net worth.

Guaranteed Income Costs You Millions Of Dollars

The addiction of needing a salary will costs millions of people, millions of dollars in lost income.

Let’s take a look at the multiple reasons why a salary sets you up to fail in the chase towards wealth.

For one, the average salary increase in the US doesn’t match the potential of a hustler who gets to decide their own income based on their work ethic.

A May 2017 forecast from WorldatWork predicts that salary increase budgets for U.S. employers will grow 3 percent on average in 2018 across most employee categories.

Say you make $50,000 a year at your 9 to 5 job you despise. Are you going to bust your butt for 261 work days in the year for a 3% salary increase? I’m not. We’re only talking about $1,500 at that rate.

The work compared to the payoff doesn’t add up to a good deal. It’s not motivating to me. It shouldn’t motivate you.

I could work at McDonald’s and come out with more dollars per hour than that thievery.

You’ll drag your feet for a 3% salary increase (+$1,500), but perform like a workhorse if you have a definite opportunity to double your current income (+$50,000).

That’s a difference in $48,600 between the two of them for the year and this is just the beginning. The difference is exponential over the lifetime of a career.

Second, when your income is entirely in your hands—be it as a beginner entrepreneur, commission sales rep, recruiter, or other job—your butt is on the hot seat from the get go to perform.

There’s no room to take it easy if you want to eat that week and keep your business alive.

Plus, you’ll be motivated to save extra money since this can turn into the business’ emergency fund or a payroll account to hire some contractors or full-time employees.

Meaning each dollar you earn has a higher purpose than eating expensive meals and treating yourself to materialistic clothing purchases.

And by investing in your business, your company and you personally will take home more profits than if your income was tied down by a normal 9 to 5 job.

I’m not surprised when I look at the richest people in each state only to find that none of them are salaried works but entrepreneurs and business owners.

Now you don’t have to be an entrepreneur, but you do need a job with no ceiling on your income if you want to get maximum performance out of yourself and the rewards that come with it.

Third, the rate of your learning is immensely sped up when you have to rely on your own work ethic to make money and pay the bills. You can’t afford to be out of the know in your industry if you want to compete with your competitors.

This is the pressure that forces you to gain knowledge and then use that experience to win more deals for yourself.

Plus, you can compound your knowledge to make more money in the future or consult others on the keys to success based on your experience. These opportunities aren’t there in the corporate world.

By getting off the addicting salary drug and choosing your own medicine, you force yourself to provide value to others so you can ultimately get paid what you’re worth.

And the more patient and skilled you become, the greater this income increases over years then decades.

That’s how your income grows by hundreds of thousands of dollars every year, which adds up to millions, instead of 3% and $1,500 (if that) every year.

Work Like You’re Not On Salary

You only get to do this thing called life once.

Why take the safe and boring road with a salaried job that is like driving a minivan straight on a flat road until retirement, when you can take the thrilling road in a sports car up a mountain with jagged cliffs and unbelievable views?

Bet on yourself. Work your face off. And work like you’re not on salary.

By mixing things up, you’ll discover if your company rewards you for going above and beyond what’s asked of you.

And if they do incentivize your efforts then you don’t need to find a different job. Maybe it doesn’t though and you see the writing on the wall: you’re worth millions more than you will ever earn here so you find a better job you love.

It’s like any pursuit in life, you need to get out of your comfort zone to truly push yourself, grow, and become the best version of yourself.

Happiness comes from personal growth. So take the jump and make the most of it.

Millions of dollars are nice, but the feeling of personal satisfaction from working incredibly hard and getting rewarded for it will far trump the money—every time.

Related: Would You Live Off A Dollar A Day To Achieve Your Dreams?

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Money

Why 1 Bitcoin Can Be Worth $100,000 In A Few Years

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Bitcoin. What is it? How much is one worth? And how much is it going to be worth in a few years and long term?

You have questions. I have ideas.

Let’s break it down one by one. Because when we’re talking cryptocurrencies (already confused by that word?) like Bitcoin it can be easy to get lost in terminology and explanations.

For the sake of brevity, here’s my definition and my dumbed down explanation in parenthesis:

A Bitcoin is a digital currency (internet money) that is decentralized (completely independent of a central bank or country) and uses blockchain (encryption, or a digitally secure method) to prove transactions have been made and to keep an accurate ongoing record of activity.

Still confused? That’s alright.

People were confused about cars and the internet when they first heard about it. But they learned and those two inventions turned out to win the day over horses and newspapers.

Basically a Bitcoin is internet money for the people, and belongs to no bank or country. If you want another explanation, this piece from Coindesk should help.

The current market value of 1 Bitcoin at this exact time of writing this blog post is $3,630—well now it’s over $5,000 in just a week or two later when I first drafted this article. Excuse my Captain Obvious (just being mindful of the rookie investors here): that’s the rate you have to pay if you’re going to buy one today and the return you’d get if you’re selling one right now.

For a little personal back story, the first date I bought Bitcoin was in May 2016. That’s around 16 months before posting today’s article. That’s 16 months to grow in value—and let me tell you, it has been the best investment of my entire life to date. (Tesla is up there, but this takes the cake by far.)

I’ll do another video about my Bitcoin story to fill you guys in.

But for now it’s all about the crazy high potential of Bitcoin and why I see a rich future in this cryptocurrency years and decades from now.

What Will Bitcoin Be Worth In A Few Years?

Before anyone gets too carried away in what I’m about to write, let me preface this with a blunt statement: No one knows (including me) the future price of Bitcoin.

(And don’t trust anyone that claims they know. They’re either liars, or they’re liars and thieves trying to steal your money for their personal gain.)

However, I wouldn’t be surprised if in the future 1 Bitcoin is worth $100,000. That’d mean it rockets in price to be worth 20 times more than it’s worth today!

Though it’s not just me who sees insane potential in Bitcoin.

Check out what John McAfee—remember the guy famous for inventing the McAfee anti-virus software? this is the same man—tweeted:

mcafee-predicts-bitcoin-$500k

While no one may be as bullish on Bitcoin as McAfee, other recent estimates from super smart people in finance see high growth for this revolutionary cryptocurrency coin:

Here’s why I hold this lofty marker for Bitcoin and why I think it (along with other cryptocurrencies) can change the world as we know it.

(As the note at the bottom of this blog posts suggests, this is just my opinion and not investment advice.)

Strong Advantages Bitcoin Has Going For It

bitcoin-100000-price

I’m not just making a wild prediction when I say Bitcoin has the potential to be worth $100,000 someday. I don’t say stuff like that on pure whims.

My hopefulness is backed by some hard facts that Bitcoin has going for it:

  • Bitcoin is the first and top brand of all cryptos. Being the bellwether brand in this space gives Bitcoin more staying power and a better likelihood of reaching mainstream adoption than anything else. The first mover always has rare advantages that other coins have a difficult time catching up to. (See Facebook as an example of early acceptance and then dominating at the top spot.)
  • It costs money for miners to mine Bitcoin. Since it costs human resources, machine power, and money to mine Bitcoin (thousands of dollars or more), there’s real value in the coins unlike printed money where the federal banks can print as much as they want and create inflation.
  • Bitcoin and the blockchain can be a transcendent technology. Inventions like electricity and the internet changed the world forever and the early adopters in the internet are still reaping the absurd financial benefits today. Since Bitcoin eliminates the middle man (banks) in financial transactions to save people fees and time to send or receive money, this technology has the potential to completely upend the banking system, world financial system, and how society is run as we know it. If or when it does that, a serious price increase will follow.
  • Anyone can buy it, not just rich people. Investing in startups, real estate, and private companies is only allowed if you’re already wealthy, but you don’t need a private invitation to invest in this cryptocurrency and the others. The fact that anyone can buy Bitcoin gives it a tremendous advantage over other investment assets. By allowing the masses to get in this game or put their money into Bitcoin to protect themselves against government inflation, it makes Bitcoin more likely to be a fixture in the future.
  • The rising usage of Bitcoin means rising price and long-term value. As countries like India “legalize” Bitcoin and places like Japan open up Bitcoin ATMs the exchanging of Bitcoins is going to rise, which raises its monetary value. Plus more usage leads to more word of mouth marketing from businesses to non-profits to neighbors.
  • Talent is flocking to work on blockchain technology. Working in Silicon Valley used to be the hottest trend for the world’s brightest minds, but there’s been a flocking of brilliant people who are spending their every working hour on Bitcoin, the blockchain, and related opportunities.
  • There is a limited supply of 21 million Bitcoins. After all 21 million Bitcoin are mined, no more Bitcoins can be mined since that’s the limit. Then the supply plummets and the demand skyrockets. The problem with cash is the Federal Reserve and governments can always print more so supply is always there. The lack of unlimited Bitcoin supply will drastically raise its value over time.

Keep in mind two more things.

First, those details above are just some of Bitcoin’s advantages. I could have gone on longer but those are what I feel are the main benefits that give it insane potential to grow in price to multiples of the current value.

Second, none of those advantages mean Bitcoin is a guaranteed winner and it’s by no means a risk-free investment. Countries like China and Russia have been clamping down on cryptocurrencies which poses threat (or maybe more potential for success) to this space.

Final Words

In complete transparency, although I’d say I’m well read and “in the know” about Bitcoin, by no means am I an expert or the smartest guy out there on the subject.

What you read are just my quick thoughts off the top of my head that I intentionally tried to keep simple to avoid confusion.

What do you think about Bitcoin, its future worth in a few years, and the cryptocurrency space in general?

And while I’ve personally had unbelievable financial success investing in Bitcoin and I am still long on the technology going forward, it could drop by 50% or 100% of its value and go to $0 at any moment.

Tremendous risk surrounds this cryptocurrency space as of now.

So don’t invest money you can’t afford to lose. Don’t risk losing your car, house, or the stability of your family because you did something stupid and got burned.

Be smart with your money. Start small if you’re going to invest in anything, including Bitcoin. And realize that you can lose the shirt off your back if you make bad investing decisions.

Also, read the note below to be clear about the intention of this blog post. Good luck!

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.

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Money

9 Reasons Young Adults Are Insane Not To Invest In The Stock Market

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Nearly 80% of millennials are not invested in the stock market. That’s scary! And it means a world of financial regret is on the horizon.

That statistic comes from a 2016 Harris poll which surveyed 500 American young adults (ages 18 to 34) and found the main reasons why they don’t own stock is:

  • 40% don’t feel they have enough money to invest
  • 34% don’t feel educated about it to know how
  • 13% said student debt was the reason they haven’t invested

On one hand, some of these people have a point.

For example, it’s impossible to invest when you have close to $0 in your bank account after bills at the end of the month. And it goes against logic to expect someone to invest when they don’t know how to in the first place.

But I see some excuses at the bottom of this.

For the millennials who say they don’t have enough money, I’d ask them, “What have you done to solve this problem?”

They need to pick up another job, work on the weekend, stop wasting money on clothes and eating out, and save their money so they can invest.

Being uneducated about investing can only be an excuse for so long, too. Start educating yourself with a tool called the internet. It’s free!

And student debt is a big money sucker, but again—make more money, save more, and spend less so you can afford to both pay down student debt and invest in the stock market.

What I’m really advising is for these young adults to stop being soft and start hustling for their future so they can invest.

People miss out big time if they don’t own stocks. Here’s why.

9 Reasons To Invest In The Stock Market

reasons-to-own-stocks

Although many of these benefits can come from investing in the stock market in general, I’m specifically referring to investing in low-cost index funds that mimic the S&P 500, for example.

1) History shows you’re going to make life-changing money.

I don’t throw around the phrase “make life-changing money” lightly. It’s 100% true.

Investing in an S&P 500 Index fund, where you buy a tiny ownership of America’s top 500 public companies (give or take), is a great deal for your future.

If you invest in the stock market in your early twenties, there’s often a jackpot at the end of the tunnel. It’s literally like winning the lottery because you’ll end up with millions if you invest your money wisely.

Look at the graph below to see just the growth from 1980 until now. Better news is the graph remains pretty constant on average if you go back 100 years from now—up and to the right.

s&p-500-index-fund-performance-1980

It’s no wonder Warren Buffett said this,

By periodically investing in an index fund, the know-nothing investor can actually out-perform most investment professionals.

If you don’t have faith in putting your money in the hands of the best public companies in America, who are you going to trust with your money?

Where can you find a better option that history backs up?

Exactly, that’s my point.

P.S. I’m not your financial adviser, but look at the graph one more time and make the only sound conclusion! History often repeats itself.

2) No active work is required to profit big.

Like the video above explains, when you set up automatic contributions (through your employer or own brokerage account) then all you have to do is sit back and let your index fund do the work.

How reassuring is that!? Maybe the greatest quality of investing in the stock market is it’s 100% hands off and doesn’t need your time to produce wealth.

It’s get even better when you do a simple comparison of all the time that’s required to build wealth in other areas.

Real estate: Renting out real estate is a pain in the butt if you’re renters aren’t angels (news flash: most people aren’t angels). You can expect property damage, late payments, missed payments, broken rules, and other nightmares that will really second guess your decision to be a landlord.

And even owning property is a headache because of the crazy expensive closing costs, taxes, property fees, HOA fees, and not to mention the monthly maintenance when the sink or shower breaks. It’s never fun to be nickled and dimed to death, which is a usually a regular occurrence in real estate.

Owning a business: If you’re not willing to be obsessed and let your personal desires die for the good of the company, your company isn’t going to generate significant profits compared to the hundreds of thousands and millions of dollars that investing in the market can.

You can work 80 to 100 hour weeks to build your company and hope it brings you wealth. Or invest in companies like Facebook and Amazon where other people are putting in insane work weeks to churn shareholders like you a profit while you relax on the weekend, and take steps toward financial freedom.

Working as an employee:  The problem with working as an employee is you’re going to have to do some serious corporate ladder climbing to get salary raises and generate some kind of wealth. Even then, odds are you’re not getting a 7% to 10% salary increase every year like the stock market provides on average.

The stock market is the most reliable avenue towards wealth.

3) Incredibly higher rate of return than real estate.

You want to put your money where it can grow and produce more money for you, right? Then go with the stock market. And, don’t buy a home!

According to James Altucher, the commonly shared belief that buying a home is an investment is all too wrong. He points out that from 1890 to 2004, housing returned 0.4% per year. Yikes that’s criminal!

The list of reasons for a house’s poor return include all of the above like upfront closing costs, title insurance, moving costs. And then ongoing expenses like home maintenance when something breaks, property taxes, and the inability to easily move for a better paying job.

If you own stocks instead, you can kiss all of those annoyances goodbye. And not to mention, most importantly, come home with an average return on investment of 7% to 10% if you buy a S&P 500 Index fund.

4) Investing into index funds protects your money against inflation.

Inflation is an ugly beast. It robs you of your hard-earned money, well the true worth and purchasing power of that money, over time. And the worst part is it’s unstoppable, in a sense.

For example, if you keep your money as cash then it’s unstoppable and your dollars will always be worth less as the years pile up.

But there’s a solution. Can you guess the hero of the story?

Investing in the stock market, specifically a S&P 500 Index fund, protects your money from inflation eating away at it.

Reason being is the S&P 500 beats inflation the majority of the time and these types of assets are immune to inflation.

Plus, many companies can pass on the costs to their customers. So if you own shares of these companies, then you’ll get the profits as an investor (even if you take a small hit as a consumer).

This is just another example of why it pays to be an investor and not a consumer.

5) Buying stock is a liquid investment you can sell at any moment.

Run into a tight squeeze where you need immediate money?

Or do you ignore the sound advice to build an emergency savings fund and it bites you in the butt as your car breaks down or you lose your job?

While it’s never a good idea to sell an asset early and get in your own way of bringing in more profits, the fact that stocks are liquid investments can be a life-saver for some.

At any moment of any day, I can sell shares of my individual stocks or index fund and get cash in my checking account as soon as the transfer completes—usually two to three days.

The opposite is true with real estate and other types of investments.

Once that money is taken out of your bank account for a down payment or mortgage payment, then you have no chance of getting that money back on your real estate investment property in the immediate future.

Instead of selling your investment immediately and receiving the money in two to three days with stocks, you may have to wait two to three years to sell your asset if it’s real estate.

Liquid assets like stocks are even more valuable given the quality that you can sell them at any time.

6) Easy to diversity where your money is invested.

Assuming your name isn’t Richie Rich, the odds of you owning 25 different startup companies or 17 penthouse properties across the globe are slim to none.

Though you can own a sliver of 500 different companies or even thousands if you buy index funds listed in the stock market. For example, you can buy a car, technology, food, retail, shoe, farm product, defense, and more companies than you can possibly remember to stay diverse.

Reason I bring that up is diversity is key for the average investor who is scared of losing all of their money or loses sleep when their investments are volatile.

A well-diversified investment portfolio protects against volatility and too much risk, which is hard to come by in other asset types.

7) Get taxed lower for long-term capital gains.

Investing in the stock market doesn’t mean the taxes on your returns completely go away. (Wouldn’t that be a blessing?)

But the taxes you pay on long-term capital gains (stocks you own for longer than 12 months) are significantly decreased compared to getting taxed on regular income.

Add this to the list of reasons it’s in your best interest to invest. If the government incentivizes investing with these tax policies and you still don’t do it, something is wrong with you.

Just don’t buy and sell your stock earlier than a year of holding it or else you’ll be taxed higher since it’d be a short-term capital gains tax (any stock sold before you’ve had it for at least 12 months).

Oh, that’s not it. If your investments lose money, you can also lower your tax bill using those losses. The goal of investing is not to lose money, but if it happens then reducing your tax bill is a decent compromise.

A wealth growing vehicle that also reduces my taxes is a slam dunk investment. This opportunity is yours for the taking as well.

8) It’s the only way to own a percentage of the products and services you regularly buy.

Eat at McDonald’s every day (like my dad does)? You can own a piece of them buy buying MCD.

Are you a big texter and talker on the phone? You can buy shares in Verizon (VZ).

Always enjoy a nice Disney movie to take you back to your childhood? Buy shares in ticker symbol DIS.

The ability to purchases ownership of a company you use all the time is another thing investing in stocks has going for it.

Now would I put all of my money in only products or services I buy? No, but it is a nice mental exercise to purchase ownership of a company that you use all of the time.

Because, in a way, you’re kind of buying from yourself and profiting from yourself. That’s legit!

9) It’s easy to get your feet wet with a small amount of money.

Want to be an angel investor to invest in a hot new startup company? Can’t happen unless you have an annual income of over $200,000 and a net worth of $1 million. Poor people not invited.

Want to invest in Grant Cardone’s real estate fund? Sorry, tough luck. You also need to be an accredited investor.

Want to buy your own multi-family real estate property and rent it out? Good luck collecting that $100,000 down payment to secure the property on top of the mortgage payments every month.

The system blocks out the little investors who can’t make any moves to grow their wealth.

However, it’s easy to start small when buying stocks.

You don’t need to be an accredited investor to invest in companies like Facebook, Amazon, Netflix, and other giant companies like GE.

So if you only have $600 to invest, perfect. Buy $600 worth of shares into a Vanguard index fund and slowly increase your position over time by buying more shares going forward.

Heck there are even new apps out there that will automatically help you invest spare change from purchases like Acorns.

Where buying other assets like real estate and startup investing limit everyone but the rich from participating, anyone can get started investing with as little as a $100 give or take.

And for any parents out there, it’s wise to put your kid’s birthday money into an index fund to get them off on the right start. A little money invested now can likely snowball into millions.

You Reap What You Sow

Two different financial realities await you.

The good news is you’re in control of your financial future. You get to decide the plot line.

If you desire to retire early, have millions in the bank to spend during your golden years, and live a comfortable retirement with your family, all you need to do is start investing.

The bad news is you’re also in control. Meaning you can make the wrong money decisions, not invest in the stock market, and be left with the staggering consequences.

Retirement isn’t fun if you have no money to afford to do anything entertaining. Then post-work life becomes the biggest drag of your life. Some people stop living to such a degree that they wish for death.

So from one young adult to another, make the right choice.

Have a long-term view about life. Buy some shares in a S&P 500 Index fund. And get the financial markets working for your money, not against your money.

Then you’ll give yourself a great opportunity for a happy ending: reaching financial freedom.

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