- Life is short. Everyone knows the end is inevitable but few realize how close we are the day we are born. Realizing “Life is Short” will promote the appropriate sense of urgency. Start your bucket list at birth if you want to complete it. You only have one life and there’s not much time left in it.
- Get it Done Young. The sooner you accomplish your goals, the longer you can reap the rewards. Graduating college at 40 leaves fewer years to enjoy the salary increase. Buying a house young, pay it off earlier. Children, the sooner you have them the more time you get with them.
- Take Care of Your Body. The aging process will wreak havoc on your body regardless. Don’t assist the process with bad habits like smoking, drinking, overeating and avoiding exercise.
- Start Saving Money Early. Compound interest is your best friend but you have to start early to make it work. . If you save $50 per month at age 21, with a modest 5% interest rate, you will have about $80,000 at age 60. If you start at 39, you will have half as much.
- The Things that Matter Most Won’t for Long! This is a hard lesson. That band you start at 18 will be forgotten by age 25. That company you devote your life to will lay you off at the drop of a hat. I cannot stress enough this lesson. That BMW will eventually be worthless. When you are 50 it will not matter what you drove at 35. You cannot buy enough stuff that doesn’t matter to make you happy. Try to make every decision after answering, “Does it REALLY matter?”