What should I invest my money in – insurance, stocks, et cetera?

Toni: You know that's probably my most asked question even on TikTok. And the reason why I cannot always give a direct answer is that I don't know what your goals are. So, you know, the word best investment or perfect investment is relative. So it really depends on what your goals are.

Okay. So the first thing that you need to do is to set clear goals with achievable targets. So that's very essential when it comes to financial planning. When I ask people, okay, what is your goal? Sometimes they'd say, okay, I just want passive income, but you need to be more specific. How much do you want to earn on an annual basis? Or at what age do you want to retire? And from there on, you'll be able to identify what investment strategy is suited to get you or to help you reach that goal of yours.

And then the first thing that you can also consider is your timeframe. So there are many different investments that they're suitable for short-term investors, for midterm investors and for long-term investors. So let's say, if you're going short term, then the options are money market funds, their bonds, government bonds. And then if you are looking for midterm, there are balanced funds. And then if let's say you want to go long term, then there are stocks or even crypto. Right?

And then of course, another thing that we have to consider is your own risk appetite or your risk profile. So you need to identify if you are a conservative investor, meaning you're more suitable for low risk, low return type of investments, or are you moderate or are you aggressive. So from then on, if you're able to assess your own profile, then you'd be able to identify which investment vehicle suits you best. And you can seek out credible experts who can help you out with the financial process of that or simply do your research.

Sean: Perfect answer. I mean, I couldn't add so much more to that. Maybe I'll take on the personal growth route in answering this. I'd say you should also invest your money in yourself, growing yourself, and paying for more education. I always say during my talks, when people hire me to speak about how I became CEO at 22, I say, do not let your schooling interfere with your education.

A lot of people when they graduate, they think that's it. This is as much as I could grow and school has helped me and I have the diploma to prove it. And that's it. Finally, I get to work and make money. That's a problem right there. Education, learning, it never stops. And if you stop with school, then you are actually leaving a lot of money on the table because there's so much to learn. There's so much to invest in when it comes to knowing more about it.

I have had a lot of investment paying for things that I learned, public speaking, leadership, some certifications, profiling people, being able to read them better, being able to lead and coach them better as well. And it has paid off in dividends for me. So at the end of the day, it's not all about money. It's not all about passive income. It's not all about retirement. It's also about, how much growth did you have as a person? How many moments did you have in life? Because life is made out of moments, not really of a balance sheet. So yeah, I hope that helps.

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