Full transcript here 👋

Hey, good morning, good afternoon, good evening. This is your life. This is your chance. Listen.

The word for today is invest. My brother got me into playing with cryptocurrencies over the past month, and I have to admit that it’s fun. It feels like playing a board game with real money where you try out different strategies to find what works. One of my investments recently started to decline, and it sent me into a small mental panic. I started evaluating all of our long-term investments in my mind to make sure that we were okay financially. This was a little ridiculous because I was playing with $100 in crypto, so that’s the most I could potentially lose. It did make me feel better, though, to know that my family has better investments than volatile cryptocurrencies. If you haven’t invested in a reliable form of long-term savings, today is your opportunity. Your future self will pat your past self on its past back. Wait, future back? You get it, right? Even if you’re 15 years old (and maybe especially if you’re 15), investing is a great idea.

Today’s concrete challenge is to ratchet up your long-term investments. If you’ve never started an account, search for a mutual fund or an index fund where you can consistently sink $100 a month. If you’re 15, you could have a million dollars in that account by the time you’re 50 or two million by 55. That’s the power of compound interest. If you have a 401k or IRA at work, make sure you’re enrolled in a program that automatically increases your investment percentage each year.

If you want to commit, say the following phrase: “I will start a new investment or increase my current investments now.” Go ahead and add just a little bit. I’ve never regretted adding to a long-term investment.

I’ll keep the music playing while you get it done, and don’t miss the soundtrack at the end of this episode.

Before you go, repeat the following soundtrack, “I am the kind of person who invests in my future.”

Let me know if this made a difference in your day by leaving a comment in your podcast app or at concrete.win/today.

Check back tomorrow for a new challenge. Until then.