What to know at 20 for benefit when you are 40

● The power of compounding

If you do one thing for your financial future, put $5,000 into a Wealthfront account. Set a reminder 10 years from now to review it.

i.e., an investment you don’t have to worry about or watch

Even better if it is in an IRA during your first year of work

Tax-free compounding is a beautiful thing

● Decide what you are ‘long’ on for the next 10+ years

A secret to Warren Buffet’s success — he was long America’s economic growth. While he made several great individual investments, his macro thesis is what drove most of Berkshire Hathaway’s returns.

A rising tide lifts all boats.

● Figure out what you don’t love; it is as important as finding your life’s mission

If you don’t love it, stop doing it

The fallacy of sunk cost: Don’t sacrifice the next 10 years because of your inertia from the last five.

● Your most important competency is your integrity

Invest in it, refine it, evaluate it.

● Your health is your most important asset

No boss, investor, or board member wants you to burn out.

● The biggest risk to your career is people issues

You can always learn a new skill; you can always come up with a new plan.

People issues can make a situation untenable.

● You get credit for showing up; you get credit for sticking around

Many people got their chance to lead because they were around when the opportunity arose.

● How to stand out: Thoughtfulness + Forecasting + Urgency

“The best junior people are the ones who consistently deliver on a timeline.

The junior folks we promote quickly are the ones who take projects on and run full speed.” — Garrett Langley, Flock Safety