Good morning, good afternoon, good evening. Depending on the part of the world you’re in. I’m on a hike in Tahoe at 8,500 ft. elevation. I started at 3:30 am and it’s 8:30 am now, so I’m five hours in. I completed nine and a half miles, and have another three and a half to go on a 17-mile round-trip journey.
Today I want to talk about governments. Governments do what they can to stimulate the economy through fiscal monetary policies and issuing new bills. They do this to create incentives to be able to drive things forward in the best way that they think they can. Sometimes they do well, sometimes they don’t do well. But at the end of the day, in order to maintain power, and in order to maintain progress, they keep pushing forward.
Just like the fact that I got another three and a half miles to go. Gotta keep pushing forward.
So in financial planning, wealth management, and investing. You gotta keep saving 10% – 20% of your income. Keep investing. Keep believing in the future, and realize it’s a lot longer road than you expect, so longevity is important. So you got to pace yourself and drink a lot of water.
Have a great day.