Lesson No. 2: Do What You Love There's a meme going around showing a vibrant 80-year-old Mick Jagger and a frozen 81-year-old Mitch McConnell. The caption is usually something like this: Mick Jagger turned 80 recently. Mitch McConnell is 81. Don't believe the lies about how healthy living is going to keep you young and vibrant. The secret, apparently, is drugs, sex, rock 'n' roll and staying up all night. I'm not going to tell you not to eat more fiber and get your rest. And let's be clear... Mick hasn't smoked in decades, clearly watches what he eats and exercises - a lot. But writing and playing music is a collaborative process that keeps his mind engaged, forces him to be creative, brings a lot of joy and provides a sense of purpose. Whatever activities you enjoy, keep at them, strive to get better and do them with other people. Investing can be one of those activities if you like spending time on it. It forces you to digest new information. Plus, there are communities, like The Oxford Club, that you can join to interact and share ideas with like-minded people. Lesson No. 3: Get Out of Your Comfort Zone When you're a rock 'n' roll god, it can be tough to go out in public. For years, Mick has lamented that he gets swarmed if he steps foot outside his hotel. However, in recent years, he's been enjoying the cities where the band is playing. He posts photos of being out and about and often goes unnoticed, like when he had a beer by himself at this bar in Charlotte, North Carolina. Whether being out of your comfort zone means traveling, taking a different route to the store, volunteering, trying a different hobby or meeting new people, these experiences make your life richer, help your mind continue to stay sharp and often lead to great stories. You should do that in your investing life as well. Learning about new ideas will save you money, help you make more money and help you avoid mistakes. Bonds are a particularly good place to start since they're conservative and generate income. Most retail investors have little to no bond buying experience. Wealthy Retirement has plenty of articles on bonds. You can find some of them here. And stay tuned. Later this week, I'll be sharing my latest bond research. Keep an eye on your inbox. The more you enjoy life, the better your health will likely be - which should help bring down that $315,000 healthcare cost figure I mentioned earlier. And it will also provide you with a great deal of... "Satisfaction." Good investing, Marc |
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