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Over the next several weeks, we’ll be reading through Steve’s book, Power Up Your 401k, one chapter at a time. In today’s episode, we’ll tackle Chapter 5: Set Out On The Long Ride.

Join Steve as he compares retirement planning to a long bike ride, emphasizing the importance of pacing yourself for the long haul. Just like you wouldn’t pedal all out for the first mile of a ride, you shouldn’t rush your investment strategy. Consistent, steady contributions are key, and while the uphill climb can feel daunting, the reward of a smooth downhill ride makes it all worthwhile.

Steve also discusses the importance of having confidence in your investment plan, despite short-term market fluctuations, and highlights the role of patience and long-term thinking. It’s not about timing the market, but staying in it for the long run.