Start Investing Early and Wisely for Long-Term Success

The fourth, and I would argue one of the most important pillars for achieving financial independence, is investing. Investing done well and early in your life is the surest way to achieve financial independence. I have talked to hundreds of people in their 20s, 30s, 40s, and 50s about finances. One of the biggest regrets, especially among those in their late 30s to 50s, is not starting to invest early. The reasons vary: "I thought it wasn't important," "I wasn't earning enough," or "I don't know how the stock market works."

Please start investing as early as possible and invest as much as possible. If you're wondering how much, consider your 401(k) as a form of investing. Invest it in low-cost index funds. If you don't know how, we can show you step-by-step which funds to purchase and which ones to sell off. Beyond the 401(k), start investing. If your mortgage interest is around 3 to 5%, don't pay off the mortgage; invest that money in low-cost index funds like QQQ for NASDAQ 100 or SPY for S&P 500.

As an example, if you maximize your 401(k) contributions starting this year, 2023, by 2040, you'll have more than a million dollars in your account due to the power of compounding. Seven years later, that amount could double to two million dollars.

If you're already investing but have been misled by poor advice or trendy investment platforms, we have the tools to help you make smarter choices based on your risk tolerance and age. So, start investing today and continue doing so. If you need help, log into Xillion. We can assist you in making informed investment decisions.