what's going on guys today we're gonna talk about my investment strategy for
2019 but realistically any year it's pretty much all related it's just my
investment strategy going forward and we're also gonna talk about five ways
that I plan to invest my money so that it works for me and not vice-versa
now one of my favorite quotes is from Warren Buffett and basically what he
says is if you find a way to make money while you sleep you will work until you
die and I cannot agree with that sentiment more it is 100% true you
should definitely be focused on generating passive streams of income and
building them up but you should also be investing and spending your excess cash
flow on things that are gonna produce income for you in the long haul and some
of you might be into real estate investing some of you might be into
investing in the stock market and some of you might be investing in yourselves
and your businesses and some of you might be doing a combination of all of
those now it doesn't matter exactly what you're doing each person has a different
situation and different things can work differently
for each person however as long as you're putting your money into things
that will work for you and generate you income whether that's short or long-term
and basically put money in your pocket I could not be more on board so five ways
that I'm investing my money and getting it to work for me let's jump into it
all right so the first one is a Roth IRA and basically that's just a retirement
account now here in 2019 you can put the max of six thousand dollars a year going
forward into your Roth IRA or your retirement account now it's very very
similar to a 401k in a lot of ways however because I'm an entrepreneur and
I don't capitalize off the you know the employer match that a 401k has for a lot
of employees I just invest my money into a Roth IRA
there's slight differences there basically the the main difference that
you look at is with a room okay you're getting taxed later on so you're not
capitalizing off the tax rate that is currently and obviously that tends to go
up over time so with a Roth IRA however you're basically locking in your tax
rate right now you're putting your money after taxes into an account that you
will not be taxed on on later when you cash out whereas like I said the 401 K
you're getting taxed later so you're putting your pre you know tax income
from your your paycheck a lot of times if you're an employee into a 401 K and
you're will be taxed later in life when you retire all at once so it's very very
different from that aspect now you can pull money out of 401 K however you will
be taxed on up on that initial money as well on top of a penalty for pulling it
out with a Roth IRA however you are not going to be taxed because this is your
post tax income that you've already paid taxes on one of the reasons that I love
it too is because you can pull unlike a 401 K you can pull your money out of the
Roth IRA and not have to pay a penalty and obviously you're not getting taxed
on it either so basically it doubles as my emergency fund and my long-term
retirement fund I think that's very very smart because nobody anticipates an
emergency but you want to have an access to that money you know just in case you
ever need it I can pull my money out and not get taxed or have pay penalty but
it's in the stock market compounding for me and I choose m1 finance when I'm
using my Roth IRA now like I touched on there is a $6,000 limit every single
year so I set it up fully automatically III get it deducted from my account
every week so there's six grand limit per year I think that comes out to like
115 it's like a little bit over 115 every single week so that just altered
the ducks out of my account I don't even pay attention to it and it
I just basically count it as another expense you know that I pay attention to
and it just comes out of my account and you know saves for me and compounds in
the stock market long-term and also you can basically elect to choose your own
stocks just like any other stock market fund or you can turn it on fully
automated and they'll handle all your money for you it's very very very very
easy to implement and I highly suggest that you look into him on Finance if
you're you know basically trying to set up an IRA now moving on to number two
would be my dividend portfolio and both just like number one this is actually
something I'm fairly recently looking into I'm starting to build up so I'm
working hard to put all all all my excess cash flow
it's a dividend stocks I love the passive income that you can collect
every month from dividend stocks while your monies compounding in the stock
market long term and you know I might put more into a Roth IRA realistically
but there is a limit so that the rest of my money obviously goes into my dividend
portfolio so that's a combination of blue-chip stocks that I believe in I
look at the balance sheets out whether the cash flowing what their current
situation is like and whether or not I feel like their dividend is reliable for
the foreseeable future so whether or not they have a history of paying that's
evident what the company looks like and if I believe in it and I also mix and
match that with some ETFs that are a little bit more safe for lack of a
better word not that the blue-chip stocks aren't safe they completely are
but you know investing in a Vanguard ETF where it's basically like the total
stock market ETF fund or the sp500 I have shares of both of those they both
pay you a dividend and they're a little bit more dive more diversified with
several stocks are basically just investing in a fund you know where that
phone manager is investing in stocks you know overall so it's a little bit more
diversified a little bit more safe and I like combining the two that is my
overall approach now the benefits of these you know of investing
dividend stocks are twofold you know compound interest which I'm sure you
know the majority of you know and if you don't it's basically just earning
interest on your interest for a long period of time and it can really really
really be great for building wealth long term and then it's combined with passive
income and dividend stocks every single month now it depends on one year at your
dividend stocks pay you out sometimes most of them pay you quarterly if
they're reliable but you know they might be scheduled you know if you have a
bunch of different different you know companies invested in they might pay you
out different months quarterly so it can be practically every single month and I
highly recommend that you start looking into dividend stocks if you want to free
I held up one like I was about to say to geez
if you want to free dividend stocks I actually started off on both weeble and
Robin Hood and collected two free stocks myself I will have links down in the
description if you wanna grab two three stocks on Robin Hood and weeble 100%
free all you have to basically do is sign up you don't have to even deposit
anything and you can collect your free stocks and those stocks are worth up to
a thousand dollars each so it's a great great way to get started in the stock
market if you're interested so the third thing that I'm actually investing in is
probably the most important in my opinion they're all very very very
important but the first step you know straight out of a millionaire booklet
great book you should look into would be investing in my business or in me so you
should the first step is increasing your income and then figure out how to get
multiple streams of income and then figure out how to basically multiply
those multiple streams of income or invest now he teaches you know real
estate essentially I prefer a little bit of both so we're gonna talk about that
here in a second but the next thing that I'm investing in is my business and in
me so what does that actually mean well I'm investing in ads um you know
scaling up ads you know to basically generate traffic to my web page to
generate traffic to my you to me videos and sometimes my social media and
sometimes I'm also doing retargeting for certain courses or you know YouTube
webinars that I plan on launching in the future so it costs a lot of money to
figure out your your different ad spend and get that profitable but that's
something I'm highly looking into investing in to grow and scale my
business the next thing that I do is outsource so
in the last video and I'll drop a card to it if you haven't checked it out I'll
also drop a link down in the description basically I went over you know the top
six businesses that I think that you can start with zero money here 2019 and
basically what I did is I talked about outsourcing you know social media
marketing which is a service based business that you can start with zero
money and I outsource you know not just social media marketing but a lot of
different things editing from time to time and it saves me time so I can spend
money on my business and grow it while not having to actually invest 24 hours a
day seven days a week always working in my business I want to
work on it there's a major difference knowledge now that doesn't mean that I
don't do everything myself I do a lot of things myself but I do outsource when I
can save time and I feel like it's profitable now I also purchased new
equipment one thing that I you I actually purchased is a new mic so I got
a new wireless lavalier mic that I'm really excited about so I know that some
people have been saying that it kind of echoes in here I have a good mic set on
my camera but obviously it's back in the corner of the room so we can try to get
equity I think the new mic Whirley improved it audio quality but I'm always
investing you know in things that are gonna grow my business and make me you
know for this specific business help help me make basically create better
content for you guys and that will go a long way I don't just create YouTube
videos I've created courses and a lot of other things so basically investing
anything into your business is right off let me just say this in advance I know
that I'm gonna end up in a deposition with dir and the S I'm predicting the
future now and it's gonna help you increase more income it's a good
investment I've been in three audits already maybe four actually also
spending more money on arbitrage products so you know I like to stay
broke essentially which is something I'll talk about in a future video a
little bit more in depth but you know rather than just allocating like three
or five grand to spend on arbitrage products you know if I have more money
I'll spend five or six grand and that basically means it's a return on your
investment business so the more you spend the more you get out of it so
spending more on arbitrage product is definitely something I like to do and
that's an event that I make it to me in my business now
more investments into me just to give you examples we'll be consulting with
people so one of the things I'm looking into is you know basically that we're
gonna tie into next is looking at real estate that cash flows now I don't know
enough about that so some of the money that I will allocate will be to consult
with people that I think know a lot more about that and I can basically pick
their brain and figure out what the best approaches and things that I should be
looking at and basically mistakes that they've made so I can avoid them I think
that's a very very valuable to invest in not just for me but for you as well
depending on whatever it is you know whatever business venture you're
interested in I also buy courses I buy you know other content that I feel like
can help me I buy audio books I buy content I you know I invest back into
myself in my business in the number of hams and fashions and I buy course after
course after course if I think it can help me and basically expand my
knowledge base now moving on to number four which is the real estate that we
talked about previously now I do not know that much about investing in real
estate but I do know it's one of the most proven ways to go long-term wealth
and generate passive income at the same time just like the stock market
so I'm heavily looking at into real estate I want to make a long-term real
estate play so I want to build equity into a property while a cash flows and I
rent it out so I'm not buying a house essentially to live in I'm buying a
property that I can rent out on a monthly basis that cash flows positively
while I build equity into that property so basically the tenant or you know the
Airbnb residence or whoever will basically pay for me to upkeep and
actually pay the mortgage on that property while it cash flows and I build
equity like I said I think that's a very very well valuable way and it's one of
the most proven ways in history that people have been building wealth for you
know a long long time number five does not really you know you might have some
some hang-ups or thoughts about this so let me do it out in the comments what
your thoughts on this are but number five doesn't actually put money in my
pocket it actually takes money out of my pocket and is a hundred percent a
liability but it's something that I want to do I'm a big believer in you know
balance in life I'm a big believer in you know enjoying
your life while you're here I don't think that people should spend nine you
know basically 40 hours a week working on a job that they hate and basically
you know waiting until they're 50 or 60 to retire and not having to enjoy it so
I'm spending money on travel me and my girlfriend love to travel we got a lot
of places on our bucket list and I think that I want to live my life now and
spend money on travel it's an investment in you know basically seeing the world
expanding my horizons and my outlook and different you know ways that I perceive
things and it was really eye-opening the last place not the last place but one of
the last places I went was to Peru and it was a phenomenal trip not just for
you know the sites and you know hiking Machu Picchu but also for seeing the
other ways that other people in the world live you know it may be really
grateful for what I have and I think that that's very very important so I
think travel is a very great you know great way to spend your money obviously
you're not going out and blowing all your excess cash on travel and not
investing it Travel is something that I do after the fact after I invest the six
grand in my Roth IRA after I'm putting you know thousands a month into my
dividend portfolio after I'm investing in my business and me and after
obviously investing in anything else that might cashflow like real estate in
the future then I also travel so keep that in mind I'm not saying that you
should spend all your money but it is important to live and not focus on just
long-term retirement live now enjoy your life now there is a balance so that's ma
that's the five things that I'm investing in that are basically putting
money into my pocket and getting my money to work for me I would love to
hear from you guys though you know what kind of things are you investing in and
if you can only invest in one thing just just one out of all of them what do you
think I said it was investing in yourself in your business but there are
a number of great investments that you can make what do you think if there was
only one would be the most valuable thing that you could invest in yourself
and I'll see you in the next one
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