Hey everybody this is this is Phil Town and we're here for the

invested podcast where we talk about being invested in your money in a certain kind of special way that I'm trying to teach

Daniel that I'm trying to teach my daughter Daniel.

We talk about how being invested in your money

makes you feel more invested in other areas of your life,

in preparing for your future, in knowing more about what the world

around us is doing, in being aware of what values our money is supporting.

That's the stuff that's making this matter to me.

Which is kind of key, because I'm trying to get it to do it, you know?

Like, all right, you gotta do it.

And the basic problem that we're facing in this podcast

and we just want to reiterate what's the issue

is that for most people, they will never make enough money

in their lifetime and save enough money in their lifetime.

To be able to be confident that you're going to have a good 30 years of retirement living on what you've accumulated.

It's just a number that's so vast and so far. on what most people can even think about saving up, using standard investing techniques of maybe four or five percent or seven percent maybe in a great

decade. Yeah, you just can't get there.

You can't. I mean, right? You used to be if you work for the same company for 40 years and you get a gold watch and you retire and you knew that you would be taken care of with your pension. Those days are gone and

there are a lot of good things about that. There's a lot of new competition. There's a

lot of ability to move around in your own career, but the bad things are there's no certainty about the future.

Yeah, and believe me that back in those days back when I was a little kid after World War II,

my dad was in a, you was in a long-term position with a company that was going to give him a pension and his father had lived on that pension, but his father managed to live one year on that pension.

...