My Saturday night date with Lindsay Lohan

On Saturday night I was watching Herbie: Fully Loaded with the kids.

That’s the one starring Lindsay Lohan, when she was still sweet and innocent and doing Disney.

It’s a terrible movie.

So, while the kids munched on popcorn, I fired up my laptop and began looking through reader questions.

A new email pinged ... with the subject line ‘SOS - help me Scott’

Scott,

I should have listened, I read your articles about crypto and I sold mine before the rise. Then I got FOMO and invested $18,000. Now it has dropped ... MASSIVELY. I’m down $10,000. What do I do? I want to sell but I don’t want to lose my money. Seriously. I’m 22 and just quit my job!

Ben

Hang on a minute.

Of all the things a 22-year-old bloke could (or perhaps should) be doing on a Saturday night ... he’s sending a daggy dad a question on crypto?

Herbie goes bananas!

Still, Saturday night was a knife fight for crypto: some coins were slashed by half.

(However — and this is important — it was simply a marker in time. Since Ben sent the email, Bitcoin has rallied 25%, and Etherium 50%, so maybe he made his money back?)

In any event, I do have some advice for you, Ben:

STOP WASTING YOUR TIME.

The money you’ll make in crypto is chickenfeed compared to the life-changing gains you can make if you get serious.

You might think I’m talking about investing — and I am.

But it’s more than that.

See, Ben, you’ve got two things most people don’t have enough of:

Time … and energy.

Now you can waste that time betting on things you have no control over (like crypto) … or you can invest it in skills and habits that will compound for the rest of your life.

That could be finding a mentor, starting a side business, getting fit, or even just reading some good books (my pick: Extraordinary Popular Delusions and the Madness of Crowds — no talk of crypto, though, it was published in 1841).

In other words, anything that you master now will compound over your life and make things exponentially better.

When you’re 22, you think you’ll always be young and that you’ve got plenty of time to get around to all that stuff.

However, I reckon you have just 10, maybe 15, years to really focus on the hustle.

After that, your time and a lot of your energy will likely be diverted by a partner, kids, a mortgage.

I don’t want to scare you, Ben, but one day you’re going to wake up. You’ll have three kids on your lap, popcorn in your pants ... and you'll be watching Lindsay Lohan pretending to talk to a car.

Beep, beep!

Tread Your Own Path!