Power Up Your 401K Chapter 5: Set Out On The Long Ride

Over the next several weeks, we’ll be reading through Steve’s book, Power Up Your 401k, one chapter at a time. In today’s episode, we’ll tackle Chapter 5: Set Out On The Long Ride.

Join Steve as he compares retirement planning to a long bike ride, emphasizing the importance of pacing yourself for the long haul. Just like you wouldn’t pedal all out for the first mile of a ride, you shouldn’t rush your investment strategy. Consistent, steady contributions are key, and while the uphill climb can feel daunting, the reward of a smooth downhill ride makes it all worthwhile.

Steve also discusses the importance of having confidence in your investment plan, despite short-term market fluctuations, and highlights the role of patience and long-term thinking. It’s not about timing the market, but staying in it for the long run.

If you’d like to follow along and build confidence in your financial strategy, grab your copy of Steve’s book in the description below!

Here’s some of what we discuss in this episode:

0:00 – Intro

2:03 – Work for your accomplishments

5:12 – Confidence is everything

14:45 – Things are not always as they seem

19:47 – Practice, practice, practice

Resources

Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html