“Comparison is the thief of joy.”

Executive SummaryI work out at a gym whose motto painted on the wall is “Stronger Than Yesterday.” This motto has nothing to do with anyone else. It’s solely about being better than you were the day before. It’s about constantly improving and doing the right things each day to continue moving in the right direction. Focus on the process. Enjoy the journey. It’s the same when it comes to your finances. Don’t worry about anyone else. What they are doing is irrelevant. Get your plan in place and then do the right things everyday to keep marching towards the goal of true financial independence…financial freedom…whatever that may mean for you. Continue reading ““Comparison is the thief of joy.””

Over 22 Years To Get Your Money Back?

They say to “buy and hold,” but is that really the best approach? I don’t believe it is for many people. Let me explain why…

Below is a fantastic chart from Michael Lebowitz. The chart shows how long it took an investor to regain their purchasing power after major U.S. stock market peaks going back to 1900.

The time-frames to breakeven (net of inflation) have ranged from 14 to 29 years with an average of about 22 years! Think about that for a moment. Twenty-nine years is about as long as most people’s entire retirement!
Continue reading “Over 22 Years To Get Your Money Back?”