$ YOLO MONEY $

We only get one shot at this life. You only live once. That doesn’t mean you need to spend all your money in the present moment. You may think, “I’ll save more when I’m older.” That is procrastination. Taking care of your finances is something you will have to do at some point in your life, unless you want to live in a van down by the river. The longer you wait, the more difficult it will be to create a life of wealth and abundance. Start saving and investing now! Debt = Stress = Death Spending all your money and getting into debt will create stress. Stress is the #1 cause of death. If you want to die young and don’t give a shit about your future, go ahead. But, if you want to have a beautiful, long, full life, saving your money now can bring you peace of mind and financial freedom. We Might Live Longer Than We Expect Currently, the average life expectancy is around 86-87 years in America. But, with nanotechnology, biotechnology, and other developments in science, our lives could potentially be extended much longer. There was an experiment done on mice which doubled their lifespans. We can 3-D print our organs and have them implanted if we need a new liver in the future. Nanotechnology could kill cancer cells or prevent cell aging. The possibilities are endless. If we live 200 years, we should develop a strategy to work as few of those years as possible. You don’t want to be the guy who’s 180 and still working 9-5pm with 10 vacation days per year. When your friends ask if you want to go hang out at the space hotel and gamble with Frank Sinatra’s hologram, you won’t be able to. Time Is Our Most Valuable Asset The sooner we get out of the rat race, the more time we will have to truly experience and enjoy life. Even if you enjoy your work, you are still obligated to show up. You are not in control, unless you own your own business. But, owning your own business is an obligation as well. My theory is that we should try our best to remove all time obligations, unless these obligations provide positive benefits to our life; having a family or dedicating yourself to a particular hobby you enjoy would be worth your time. Think Big. Then Think Bigger. When I was young, I dreamt of becoming a millionaire. I was only thinking of $1 million back then, which seemed like a huge mountain to climb. Recently, I’ve been convinced that I should shoot for $10 million by 60 years of age. Doing the math, I am on pace to reach this milestone. I have given myself limiting factors in my calculation, so I’m probably undervaluing my potential. Maybe I should shoot for $100 million by the time I die. Just by having these thoughts in my head, my actions and energy will push me in this direction. I may fail along the way. I may only get to $56 million. How disappointing would that be!? Your Money Must Earn Money Let’s say you saved $1k per month for 30 years in a regular checking account earning 0.06% interest (2019 average). You would have $363,250 in your account after 30 years. Now, let’s say you invested $1k per month for 30 years with an average yearly return of 10%. Your account balance would be $2,260,487 in 30 years. Over time, as your account balance increases, your money will earn you more and more money. If you earn 10% on your $2,260,487 you will have $226,048 per year of earnings. After taxes, you will have a very nice chunk of change that you could literally flush down the toilet and your account value would remain the same.