You can’t change yesterday

But you can change today.

You can create today.

You can change direction today.

This is your chance.

Seize it.

Be grateful for what did NOT happen

We remember what happened.

But we discount so heavily the things that did not happen that we forget about them all in short order.

I could have died many times that I know of, never mind the times I did not know about. It’s probably the same for people I love.  

But it’s not just dying. There are a myriad of bad things large and small that did not happen to me.

Some by luck, many by someone else’s design, and many from the grace and kindness of others.

I have a lot to be grateful for.

You?

Building wealth for newbies

Build wealth by doing ordinary things with extraordinary consistency over long periods of time.

What do I do?

Here is something anyone can do starting now, no matter who you are.

Open an ETrade account on your phone.  You might open a Roth IRA account.  Then link it to your bank account.  Then have it automatically take a certain amount of money each week from your checking account.  Then buy shares of an S&P 500 Index fund such as ticker symbol VOO or IVV.  Keep doing that for years.  If you had your own private investment advisor, it would be hard for them to beat this strategy.  Most don’t.

If you had started that in 2010, you’d have $110,000 today.

If you put $100 a week, you’d have $220,000 today.  Of that, $82,000 was your contribution, and $132,000 is growth.

If you started with $50 a week, and every two years you added $10, (so in 2026 you’d be putting in $130 per week, you’d have $244,000.

If you started in 2010 with $50 a week and added $10 a week each year (so in 2026 you’d be adding $210), then you’d have $360,000 today.

The S&P 500 is an index of the 500 biggest companies by market value.  It has gone up by 15.7% on average per year since 2010.  

The Rule of 72 says that if you divide the appreciation rate into 72, that is how many years it takes for your money to double.  So if you put in $10,000 to an S&P 500 index fund, and IF you got an average year compared to the last 36 years, your money would double in 4.58 years.  It would double AGAIN (4X) in 9.17 years.  It would double AGAIN (8X) in 9.17 years.  It would double AGAIN (16X) in 18.34 years.  At this point you are getting around 100% a year on your original investment, and it keeps getting better.  (This is if you let it compound and do not sell and have to pay income tax on it.  Eventually you will, and you can pay the lower long-term capital gains rate on your appreciation.)

Years are going by.  It sounds boring.  It is.  Most people can’t do it.  Why?

They get some money and spend it.  No discipline.

The market goes down, and they panic and sell at a loss.  Their emotions get the best of them.  No faith.  Not every year is the same.  Some years the market goes down a bit, and sometimes it goes up 40% a year.  Just keep contributing each week.

They get a hot stock tip and sell the index fund (and pay income tax on the appreciation) and buy the hot stock.  It goes up, and then down, and they panic and sell.

They get bored and think it will take forever so they stop contributing.

They can’t save any money.  They’d rather go out to eat again (or one of a million other things) than to save $50 a week.  No discipline.

So, most people don’t do it.

But to get results most don’t get, you have to do what others don’t/won’t do.

The wills and the will-nots….

The best time to plant a tree is 20 years ago.  The second best time is now.

My advice – ask more questions of the right people, and get started.  It’s not hard.

Depressed? – part 2

Stop thinking about yourself.

Think about helping others.

Show up for them.  Serve.  Help.  

Lots of people need you.

Depressed?

“A person who is depressed is spending too much time thinking about the way things are now and not enough time thinking about how he wants them to be. – Andy Andrews

The hole you are in is only in your mind.  

Think about what you want, not what is going on now (- that is temporary).  Take action to make it come true. 

Small step by step, feel the forward momentum.