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Episode Info: Hey everyone, Dan Thompson here with another wise money tools video. You know, last week I talked about the Golden Goose and how important that was to start saving your eggs. And we alluded to the fact how important it is that those eggs have time. Time to mature, to hatch to become other geese and then build even more eggs from there. So one thing that we all need, and we all run out of, and that is time, right? Well, our geese need some time. They need the again the time to hatch them to produce more eggs and then to hatch those eggs and on and on and on. However, if we don't give ourselves enough time, then we end up scrambling trying to make up for last time. I see this regularly, I get desperate calls from someone that might be 5 or even 10 years away from retirement. And guess what? They haven't even started preparing and now they're in panic scramble mode. So there's two things regarding time that can devastate our future plans. You've heard the phrases, adding fuel to the fire or to make matters worse, so it's bad enough not to be saving. But to make matters worse, or to add fuel to the fire is to add or to take away losses. In other words, to add fuel to the fire is we save money, but then we lose it for a minute here. Let's talk about starting today right now. This can have a huge impact on your future. If you are saving right now, then saving and doing the right things with your money so you don't lose it. It's critical. I don't care if you've delayed or made some bad choices, and you're 30 or 50 Or maybe you're already in your 60s. You really just can't delay another day. And those that have saved losses are the other factor in people not being able to reach their goals. It's bad enough again that we lose money, but it has a greater impact if we lose time. Time is a limited component of life. We can't lose time, and losing money is losing time. Sadly, I hate to admit it, but I've lost money in my lifetime. You know, when I first started, I follow the traditional financial planner path and for many years, that's how I thought things had to be. I also have lost money in things like the.com bust, that lost money in 2008. I've also made some other financial moves, it didn't turn out so well. So I'm guessing many of you are in that same boat. Most of us did that because we didn't think there was a any other way to build wealth that in order to get the reward, we had to take risk. And Wall Street's always preaching risk and reward. But that's not true. There's some very sound investments that you can eliminate the risk and still have the reward. What we want to do is take some income, or some return of our golden eggs. And we want to take some money off the table protect that and put a pile over here and let those eggs produce more geese and produce more eggs. What's more is this. What if you didn't have to take any risk at all? What if there was a safe way to grow and compound often times faster than the typical risky investments tha...
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