The Untold Truth About Investing Your Money | Ramit Sethi

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• 00:00

  Hi, my name is Lewis Howes and welcome to the Daily Motivation Show.

• 00:12

  You wouldn't believe how many entrepreneur friends I know who have a good business and they don't invest at all.

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  And that's a huge mistake.

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  What should we be investing in if you have a good business?

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  Simple low-cost target date funds is a great way to go.

• 00:24

  Entrepreneurs, yeah, index funds.

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  They get a little too smart for their own good.

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  They say, I could just put that money in my business.

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  And I always say, look, I'm glad you have a business that's throwing off tons of cash.

• 00:34

  That's awesome.

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  Most businesses don't last 80 years.

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  So be smart.

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  Give yourself a small plan B.

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  Put 5K a month, 10K a month, whatever's appropriate for your level of success.

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  And hey, maybe your business does really well.

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  That's awesome.

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  But maybe one day something goes wrong.

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  always want to be prepared.

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  You never want to have your back against the wall.

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  So I just want to encourage everybody,

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