Episode Summary:
In this episode of Mondays with Mike, Mike Staver answers the thought-provoking question: What’s one piece of advice you wish someone had given you in your 20s? His answer is straightforward—invest and save money, no matter how little. He reflects on his younger years when he believed he didn’t have enough money to save, only to realize later how even small, consistent investments could have made a big difference. Mike also emphasizes the lack of financial education in schools and encourages listeners to course-correct their financial habits, regardless of their age.
Key Takeaways:
- Start saving and investing early—even small amounts, consistently invested, can grow over time.
- Don’t let limited income stop you—even $10 or $20 in an index fund every week can make a difference.
- Financial education is lacking—most people learn money management the hard way, but you can take control now.
- It’s never too late to course-correct—regardless of your age, reassess your financial habits and make improvements.
Notable Quotes:
- “Had I earlier in my career said, even if it’s $10 or $20 in an index fund, just keep putting it in, it’ll build.”
- “I had too much month at the end of the money.”
- “I think the education system worldwide, at least in the United States, is terrible at teaching kids how to do that.”
- “What advice do you wish you would have gotten?”
A valuable episode that serves as a reminder to take financial responsibility early—and to course-correct when needed!
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