The Money Advantage Podcast

Saving vs. Investing: What Is Investing? Part 2 – How to Find Your Best Investments


Listen Later

https://www.youtube.com/watch?v=Of6dysqMJ04
In a sea of investment choices, it can be overwhelming to determine which are the best investments for you. But don’t let overwhelm keep you in the dark, procrastinating, making mediocre decisions, losing money, and perpetually frustrated. The first step to confident investing is having a clear picture of exactly what you want and WHY.  Knowing what you want allows you to set goals that will advance you towards your destination and measure your progress.  Secondly, prepare.  Next, you need to be armed with the tools to identify opportunities that match.  Finally, you implement, measure progress, and repeat.
Define successPrepareIdentify opportunities that matchImplementMeasure progressRinse and repeat
Table of contentsWhere Investing Fits into the Cash Flow SystemHow Do I Determine the Best Investments for Me?Asset CategoriesPaper AssetsCommoditiesReal EstateBusinessThe Tale of Two InvestorsThe Frustrated InvestorThe Actualized InvestorTwo Views of InvestingExternal Investing Is About PickingInternal Investing Is About Being the Person Who Invests WellWhat Investments AreWhat Is the Value Proposition?Investing Is About PeopleYou Are Your Own Best InvestmentYour Greatest Value: Your Unique AbilityThe Formula for Financial SuccessThe Magic Ticket: Investor IdentityThe #1 Secret to Lowering Investment RiskActive vs. Passive InvestingYour Second-Best InvestmentInvesting Outside Your ExperienceFocus vs. DiversificationBest Investments Thinking ExercisePassionKnowledgeUnderstand the Value PropositionControlCash FlowThe Unpardonable Sin of InvestingIn ConclusionHow Investing and Saving Work TogetherTake ActionThe 7-Part SeriesCreate Your Time and Money Freedom
Where Investing Fits into the Cash Flow System
In the Cash Flow System, you first keep more of the money you make.  Then you protect your money.  Finally, you increase and make more.
Investing is part of stage 3.  Building a cash-flowing asset portfolio of real estate and business accelerates time and money freedom.
In the last article, Saving vs. Investing: What is Investing? Part 1 – Cash Flow, we’ve illustrated the power of cash flow in creating financial freedom.
Before that, we discussed the preparation of habitual saving that allows you to build usable capital.
Today, we’ll help you select your opportunities by answering:
How do I determine the best investments for me?How do I minimize risk?
We’ll help you determine investment options for you by showing you that the answer lies in the most unexpected place.
And then we’ll give you the #1 secret to lowering your investment risk.
How Do I Determine the Best Investments for Me?
Now that you have a vision for what you want your investments to do, let’s go shopping.  How do you figure out what the best investment options are?
Asset Categories
Instead of narrowing down your choices, we first need to expand the options.  Unfortunately, what you’re typically offered is like seeing the appetizer menu only, when there’s a full range of salad, soup, entrée, dessert, and cocktail menus to choose from.
While you may have been led to believe that your options are all housed in the stock market, the world of investing is much broader.
There are four main asset categories to choose from:
Paper AssetsCommoditiesReal EstateBusiness
Paper Assets
Paper assets include stocks, bonds, mutual funds, options, savings accounts, and the forex market.
Within this category are equities (stocks), fixed income assets (bonds), and cash equivalents that include money market accounts.
Often, paper assets are wrapped into a basket of mutual funds with various risk levels.
There are many ways to invest in the stock market, including using a broker or through an individual brokerage account.  Strategies range from buy-and-hold, to options trading with puts and calls.
Commodities
Commodities are real, hard assets like gold,
...more
View all episodesView all episodes
Download on the App Store

The Money Advantage PodcastBy Bruce Wehner & Rachel Marshall

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

60 ratings


More shows like The Money Advantage Podcast

View all
Wealth Formula by Buck Joffrey by Buck Joffrey

Wealth Formula by Buck Joffrey

407 Listeners

VINCE by Cumulus Podcast Network | VINCE

VINCE

63,022 Listeners

Main Street Business by Mark J Kohler and Mat Sorensen

Main Street Business

592 Listeners

The Jordan B. Peterson Podcast by Dr. Jordan B. Peterson

The Jordan B. Peterson Podcast

33,946 Listeners

Big Picture Retirement® by Devin Carroll, CFP® & John Ross, JD

Big Picture Retirement®

525 Listeners

The WealthAbility Show with Tom Wheelwright, CPA by The Rich Dad Media Network

The WealthAbility Show with Tom Wheelwright, CPA

517 Listeners

Life Success & Legacy by Life Success & Legacy

Life Success & Legacy

33 Listeners

BetterWealth with Caleb Guilliams by BetterWealth Media

BetterWealth with Caleb Guilliams

244 Listeners

Banking With Life Podcast by James Neathery

Banking With Life Podcast

77 Listeners

The Infinite Wealth Podcast by Infinite Wealth Consultants

The Infinite Wealth Podcast

53 Listeners

Wealth On Main Street by Richard Canfield & Jayson Lowe

Wealth On Main Street

11 Listeners

The Money Multiplier Podcast by The Money Multiplier

The Money Multiplier Podcast

28 Listeners

Wealth Warehouse by The IBC Guys via Podcast Principles

Wealth Warehouse

118 Listeners

Infinite Banking Mastery by Valerie LaRoque

Infinite Banking Mastery

21 Listeners

The Tucker Carlson Show by Tucker Carlson Network

The Tucker Carlson Show

15,525 Listeners