It was about 10 years ago when I first shared the (now) two page chapter in the Money Tools book of how to make your teenager a millionaire. Then, it became a huge hit on my radio program and I added a two page PDF as a give-away during book signings of the details, where to invest, how to, etc.

I almost never hear back from anyone I talk to, email, or who reads sections of the book. That’s not how it works. If I were to look for, or wait for, feedback, I’d be really depressed. I believe in “Do your best and God does the rest.” I never will know or find out. But I do know that at least eight families had their kid or kids start on implementing that chapter. With the S&P 500 (where anyone under age 40 should invest as an ETF fund with next to no fees) setting new records almost every week, rough math says those kids now in their mid to late 20s have over $50,000 already.

Will they “stick around” when the market has a huge drop in a one-hour period? THAT I don’t know – and will never find out. But if you look at historical returns, they will average over 10% every year. A big drop is a signal for an even bigger bounce-back. The only exception would be if the world ends or capitalism and corporations cease to exist.

Stick around – don’t check your investments every day – don’t open your statements every month – set it and forget it. How old are you? 30 or 40 or whatever? This is your retirement money and that day ain’t today!