What does it mean to invest?
Usually, the term ‘investing’ means to trade in money, or something of value, in return for something of higher value. For instance, real estate investing means you trade in money, in return for property that can generate money for you. Investing in stocks means you trade in money, in return for shares of a certain stock/company, which can generate money for you. Or, you can invest your time into something such as your garden, and in return, you get a beautiful garden.
In this ePublication, we’ll focus on investing in terms of money and goods. We’ll go through several investments you can make, regardless of your financial situation, and how you can start today:
Cryptocurrency - 2018’s most popular investment for millennials. You put money into digital currency, and watch as they rise or drop. This market is extremely unstable as it’s impossible to predict every uprise or downfall a coin (cryptocurrency unit) may have. This means that you’ll never know how much money you could make, or more importantly, lose. You have no control over the market. You have no safety net. I’ve seen people make tens of thousands in days, but I’ve also seen people lose the same amount within minutes. Don’t play with fire. It’s your hard earned money, you don’t want someone else to have control over it.
Stocks - For several decades, stock trading has created tens of thousands of millionaires. The most profit is made when you study, analyze, and experiment with trading stocks. The downside to this is, unless you’re ready to stare at a screen for dozens of hours daily, this isn’t for you. The best stock traders don’t hold their money in single shares, they’re constantly selling and buying. It’s basically a full time job. If you are interested in it, start consulting with your bank or financial advisor about your goals. They’re usually able to help you start out by giving advice on which companies have an uprising growth rate!
Real Estate - One of my personal favorites. Accumulate enough money and you can pay for the downpayment of a property. You rent the place out, and have the tenant pay the mortgage for you. For instance, if your mortgage is $1000 per month, and you rent the place out for $1500, you’ll have an excess amount of $500 per month. Aside from these monthly gains, if your property value increases, you’ll make capital gains as well. The world is running out of habitable places, one of the best long-term investments you can make is in the real estate market. If this interests you, make sure to stay tuned in on my stories. From time to time, I show my real estate investments, and give free advice. If you’d like more advice on real estate investing, message me on Instagram, I can connect you with your own personal real estate assistant!
Yourself - Investing in yourself is definitely the most important decision you can make. Gym memberships to increase your health, healthy foods to increase your health, books to broaden your knowledge, hiring mentors to guide your way, etc.
Hiring a mentor is the same as having cheat codes to a video game. You’re given the exact path to take and you’ll know exactly what to avoid. This should put you ahead of 99% of the other entrepreneurs trying to success.
People often ask me, “what should I invest in?” If you’re making less than $250,000 per year, the best investment you can make is in yourself. But most importantly, invest in something that you enjoy, not something that you’ve seen work. Just because you’ve seen people make X amount from bitcoin, it doesn’t mean you should pour all your money into Cryptocurrency. Just because you’ve seen people make millions from real estate, it doesn’t mean you should spend all your money on properties.