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If you only have 40k, you have no business investing. You need to make real money and put it away. Wall Street wants you to get rid of it. $100,000 is the investment number you need to be thinking about. When you lose money, you lose confidence. Prove to yourself that you can make money and keep it.
Here's How to Invest:
1.Don't lose $ 2.Don't forget Rule #1 3.Don't start too early 4.Don't invest too little/small amounts 5.Know what you're investing in
The Order to Invest :
1.Invest in yourself - this is not betting. You can't lose when you invest in yourself 2.Increase Flows - branding, getting known, put into your business.
How to Invest Like a Billionaire:
1. Long-term 2. Big Bet 3. Control 4. Domination
Do You Have a Crypto Coach?
If you want to invest in crypto, the first thing you need is cash. Nobody sells their Bitcoin for nothing—they need cash. Think about it, the only way to get into the Bitcoin game is cash. You can't invest until you learn how to MAKE money. There are 3 steps here:
Make it Keep it Multiply it
In order to multiply anything, whether it be crypto, stocks, or real estate, you first need to have it. Too many people are looking to get rich when they have nothing to even invest. What you need is a financial coach to help get you in a place where you start making more money. You need revenue! No cash, no Bitcoin, no Ethereum, and no Dash. You need CASH!
You must get your sales game on! Everything in life is a sale. If you're serious about making money, you need to have enough products, enough margin, and enough scale. Being great doesn't mean you make money. If you want your income to change, you must embrace the sales game.
1. You have to get in front of decision-makers. 2. Qualify them. 3. Can you get them interested to exchange money for a product or service? 4. Can you close the deal? 5. Can you repeat this cycle and build your pipeline? 6. Do you have enough margin and do you have other products to sell them?
People fail for two reasons: I don't know you, I forget you. If I don't know you I can't get you money. If I don't know you, I'm not going to go to your Twitter handle, your Facebook wall, or your YouTube channel—and I'm certainly not going to your website and buying from you. There is no shortage of money, there is a shortage of people going for money. If you are motivated for money, become motivated for attention. I'm trying to give money away, and it's taking work. People aren't receiving it. I have to chase them down. There is no money in your house. Your mommy and daddy told you not to talk to strangers but strangers have everything you want. You can't be obscure! Obscurity kills business. There are plenty of solid ideas and great products out there that never make it into the hands of the consumer. Most of them don't know how to get attention and then they disappear. There are also some weaker products and services being sold to the masses and are very successful. When you look closely, those people, products and services are committed to getting attention.
Remember, I don't know you, and I forget you. If you're money motivated, make sure people know you and don't forget you.
Intro by @jimmccarthyvos
Stocks, franchises, REITs, bonds, IRA's, 401K's—these are all places where people make investments with their dollars. To invest means to expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture. You have to write a check, and the goal is not to break even like so many businesses do.
Money desires attention and money follows attention. You will not get wealthy by mistake. If you want an investment to go up, have control in it. Be next to it, don't ignore it. Or have a partnership with someone who is more invested in it than you are. If you have distance and time between you and your money, you don't have an investment you have a gamble. Unless if you're rich, you should have drips every month that remind you what you're making from your investment.
The truth is, Bank of America will not lend you money to buy stock in Bank of America, because they know it's a bad investment. Go to https://cardonecapital.com/ to learn more about what I consider the best investment you can make today.
What did your parents tell you to do? What advice have you received from them that you've bought into? Your mom and dad were your first mentors. You looked up to them because you thought they knew what they were doing. They taught you that things are scarce, that you must concentrate your energies to save, that you've got to buy a home and not rent, and that you must go to college, right? So, you inherit their mistakes. Your mama is operating with some old ideas. You don't save money, you use money. You're sold an idea on college because it used to be the path to the middle class. Your parents taught you ideas that you can't have, that you need to retreat, and that strangers are dangerous.
Learn from their mistakes and learn from your own successes. Instead of what your parents told you, here's what's been successful for me:
1) Invest in yourself first. This will allow you to increase your income. 2) Invest in business second. Wealth is all about creating more and more income, not saving. 3) Invest in other investments that produce income. At some point you need passive income that works for you while you sleep.
How many money tips are out there on the internet? There are just 3 you need to know:
1. How to Collect it: Get a salary, make sales, get bonuses, make income! This is where exchange comes in. You need to tie yourself to revenue. 2. How to Keep it (to use): Why do you keep money? Once you collect the dough, you've gotta quit blowing the dough. But you only keep the dough for one reason, which is… 3. How to Multiply it. This is where real wealth comes from. You don't want to add, you want multiplication. Don't put money in things that will go down in value. By the way, cash goes down in value.
These 3 steps are active. All 3 are necessary for wealth. Many know how to collect who don't know how to keep or multiply. The sad truth is, though, most don't even know how to collect money. This is why I'm pushing every day to help give people the skills they need to make their life easier!
Should you buy a house? What would you do if I told you a house is a terrible investment? Buying a house makes you lose mobility and during the last 100 years, adjusted for inflation, the average home has gone up 1%. If it doesn't make you money don't buy it. The U.S. Census Bureau came out with a new report showing the fastest growing cities in America with cities in the south—specifically Texas and Florida—growing at the fastest rate. You need to be in a position to be able to move where the money is.
1)Houses are a bad investment 2)Buy things that make you money 3)A house is a liability 4)You need to have the ability to move quickly to follow opportunity
I talk in black and white terms a lot, so keep in mind there are always exceptions to rules—but don't go and buy a home!
Bad things happen to good people. Hurricane Harvey is a perfect example of this. People didn't plan on this happening—and that's why you have to be financially prepared in advance. As I just flew back from relief efforts in Houston, I'm reminded of what I talk about in 10X Rule—people underestimate the effort required to keep the show on the road. When chaos comes, when the hurricane hits, how do you handle it?
1) Stay Committed to Success & Prioritize— On Tuesday I wasn't worried about who was going to handle the supplies in Houston, because the first step was simply going to CostCo in Miami to get the supplies. You don't need to figure everything out from beginning to end, just start by going A from B. Get moving!
2) Your Safety and Success First—Put yourself at risk, not in more danger. You can't help anyone if you get yourself hurt.
3) Start Getting Products/Results—You need to have something to give when people are in need. Products are solutions, and solutions give results. The fact is, the only way to fix chaos is with results.4) Economics - Start raising more money through whatever means possible and use the money to solve more problems and prepare for the next chaotic event. I got many of my friends to donate to Hurricane Harvey relief simply by stepping up to lead. We live on an economic planet, so you are not going to solve chaos without money—sorry, it's not going to happen.
There is no class on chaos. You're taught how to read and write in school but nothing on how to handle chaos. How silly is that?
Handling chaos is one of the most important lessons you can learn in life. It was 22 hours turnaround time from the idea I had on Tuesday of bringing supplies to the people of Houston to the landing of 10X airlines in Houston on Thursday. I told my COO on Tuesday that I wanted to bring supplies to the people of Houston because the city is so close to my heart.
As many of you know I grew up nearby Houston, in Lake Charles, Louisiana. I started my business in Houston and lived there for several years before moving to California years ago. When I saw there were millions of people affected by the storm and the recovery efforts were needed, I knew I needed to take action.
There was a severe need for basic supplies for residents and relief workers. The people of Houston couldn't wait, and I wanted to help the city and the people that have been so good to me… so I asked others to join me in the support.
After packing my plane full of supplies and flying into the area to contribute goods to the efforts, I still want to help, so thru Sunday, I am donating ALL proceeds of 2018 10X Growth Conference tickets to our relief efforts here https://10xgrowthcon.com/
If you have been thinking about how you can contribute, this is it. Let's show the people of Houston what 10X is all about
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