Advice for Young People — Pt. I
Daily Meditation 779–4/16/2024
(Spoiler alert: I’m not a qualified financial advisor. I’ll never, ever do that for a living. I am not advising you on investing. This is “just for fun.” Ignore everything I say.)
I guess we are starting another another another mini-series in the Daily Meditations. Though I am unsure the exact breakdown of young, old, men, women demographics of our readers, here, each day, I’m certain this series will make it’s way out there.
The first piece of advice I have specific for the young readers out there is this:
Get to work on investing.
A sub-tangent off this advice is this: You’re young. Maybe 16, 18, 21 or even 24. You will think logically in your mind you’ve got plenty of time left. You really do not. Before you know it, you may have children, be 40, be disabled, or worse. This is not a negative spin, it’s just reality — you’ll be a “boomer” before you know it and you’ll realize you have not invested nearly enough.
In my book “YouDaimonia,” I really break out investing into a few tiers:
Passive-Passive Investors.
Passive-Passive Investors (PPIs) are people who have absolute zero interest in it. They want a job where they wake up the same time, pack…
