Peter Tuchman

I think that the thing with all New Year's resolutions, especially money ones, is that everyone gets motivated and motivation only gets you so far. Motivation is like just getting the engine started, but it's totally different to keep going and the real way to win isn't motivation, it's the consistency and persistency.

So the things you can do to put that on your side are to make things automatic because inertia is a pretty powerful force. Netflix knows this, the iPhone knows this, the second that we sign up for something, we're probably gonna stay in it forever. So if you're saying, hey, I'm going to save more going into the new year,

So the things you can do to put that on your side are to make things automatic because inertia is a pretty powerful force. Netflix knows this, the iPhone knows this, the second that we sign up for something, we're probably gonna stay in it forever. So if you're saying, hey, I'm going to save more going into the new year,

So the things you can do to put that on your side are to make things automatic because inertia is a pretty powerful force. Netflix knows this, the iPhone knows this, the second that we sign up for something, we're probably gonna stay in it forever. So if you're saying, hey, I'm going to save more going into the new year,

Instead of saying, okay, going forward, I'm going to start putting money in my investments, make it automatic. Just do one thing, get motivated enough to have $100 or $1,000, whatever it is, go from your paycheck into an investment account, every paycheck. And when it automatically happens, that will give you the consistency to succeed.

Instead of saying, okay, going forward, I'm going to start putting money in my investments, make it automatic. Just do one thing, get motivated enough to have $100 or $1,000, whatever it is, go from your paycheck into an investment account, every paycheck. And when it automatically happens, that will give you the consistency to succeed.

Instead of saying, okay, going forward, I'm going to start putting money in my investments, make it automatic. Just do one thing, get motivated enough to have $100 or $1,000, whatever it is, go from your paycheck into an investment account, every paycheck. And when it automatically happens, that will give you the consistency to succeed.

If you don't automate it, the probability you're going to stick with it is going to be pretty low.

If you don't automate it, the probability you're going to stick with it is going to be pretty low.

If you don't automate it, the probability you're going to stick with it is going to be pretty low.

You have to reverse engineer it. If the goal is to become a millionaire, then you start to back into how much has to be put away to do that. If you're younger, it could be a much smaller amount because you have the biggest advantage any investor has, which is time. If let's see that your math says you've got to save $500 a month to get where you want to go.

You have to reverse engineer it. If the goal is to become a millionaire, then you start to back into how much has to be put away to do that. If you're younger, it could be a much smaller amount because you have the biggest advantage any investor has, which is time. If let's see that your math says you've got to save $500 a month to get where you want to go.

You have to reverse engineer it. If the goal is to become a millionaire, then you start to back into how much has to be put away to do that. If you're younger, it could be a much smaller amount because you have the biggest advantage any investor has, which is time. If let's see that your math says you've got to save $500 a month to get where you want to go.

If that's over the next 20 years, you may not have to do 500 a month today, right? It could be a smaller amount today. And as your income grows, make it bigger. So we don't have to start really big. We just have to start now and we have to have it be repeatable. And then we can adjust as time goes on.

If that's over the next 20 years, you may not have to do 500 a month today, right? It could be a smaller amount today. And as your income grows, make it bigger. So we don't have to start really big. We just have to start now and we have to have it be repeatable. And then we can adjust as time goes on.

If that's over the next 20 years, you may not have to do 500 a month today, right? It could be a smaller amount today. And as your income grows, make it bigger. So we don't have to start really big. We just have to start now and we have to have it be repeatable. And then we can adjust as time goes on.

I think it's human nature. So market timing, like you said, predicting highs and lows. A lot of people think I don't market time because I don't put my money in the market and then take my money out of the market. Some people do that. I saw people when President Obama was elected, they went to cash their market timing.

I think it's human nature. So market timing, like you said, predicting highs and lows. A lot of people think I don't market time because I don't put my money in the market and then take my money out of the market. Some people do that. I saw people when President Obama was elected, they went to cash their market timing.

I think it's human nature. So market timing, like you said, predicting highs and lows. A lot of people think I don't market time because I don't put my money in the market and then take my money out of the market. Some people do that. I saw people when President Obama was elected, they went to cash their market timing.

And there's some people when President Trump got elected the first time they went to cash. And both of those groups made a huge mistake because over the time the market went up. So money going in and out of the market is the most obvious market timing. It's a disaster. It really hurts returns. But a lot of people go, that's not really me. I don't market time.