“If you don’t find a way to make money in your sleep, you will work until you die.” -Warren Buffet
What’s up fam!
Thought I’d share this as it breaks my heart knowing a lot of people my age don’t invest, knowing how long it took me to invest, and not knowing it’s actual value.
33% of adults 65 and up reported applying for food stamps or visited a food pantry in the last 12 months. Up 11% in two years. Eggs are now $8 a dozen. My coffee creamer is up 113% since 2020. Soon we will be absolutely dependent on the government for just our food.
I just want you guys to start thinking about how to put 5-20 bucks a week so you don’t have to do this. We now have apps that let us do this at our finger tips. We don’t have to join brokerages or pay someone to manage ourselves. We can do it ourselves. We don’t have to pay someone 10 dollars to put 5 of those dollars into NVidia when within days of downloading the app and getting funds deposited you can have done it yourself and gotten twice the value. It doesn’t take just take funds, it takes determination and accountability. It takes patience and discipline and most of all it takes the ability to see that just putting 5% into your future will help you from being trapped in a forever spiral of paycheck to paycheck purgatory.
That’s why the title of my first blog in this series will be the 5 P’s. Proper preparation prevents poor performance. The best time to prepare for anyone’s future is in a bear market and we are undoubtedly in a bear market and almost certainly about to enter a recession. So batter up. 25 bucks a week can go a long way.
Anyways I hope you guys think about it. “I’m gonna start tomorrow,” should never be your excuse since that’s what you said yesterday…
Here’s my MooMoo or WeBull link to get started. I invest on MooMoo and Trade on Webull. I’ll go over why later in the series. If you’d like to use my link below we both get free shares and it helps us grow along the way. Plus who hates free money?