Name: If You Have $10,000 In The Bank, Do These 5 Things
Uploaded: 2021-09-27T17:45:13.000Z
Duration: 11 min
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Past simple

wow how much you would have made if you have invested $1000 in Tesla back when it went public.

It wasn't that long ago, just 10 years ago, take a guess $10,000.

Well 10 x in your money or growing it by 30 times.

If you have invested $1,000 in Tesla on March seven, Today, that investment would worth almost 100 and $20,000.

Your total profits from that investment today with equal 100 and 18,000 and $829.

With an annual return of 61.26% Investing just $10,000 in Tesla back in 2011 would have turned you into a multi millionaire Investing $100,000 in Tesla would have earned you more money than you could possibly spend.

I mean tesla is valued this much because of masks unbelievable marketing skills.

If you check a look at the numbers Tesla is valued based on what it could potentially achieve in the next 5 to 10 years.

The fear of missing out has led many investors to invest in Tesla.

But the question that we want to focus on in this video is if you have an extra $10,000 or should you invested, what are your best options?

Most people barely save any money for an emergency fund.

And even if they managed to save anything, They quickly spotted on unnecessary things.

Most young people have a negative network, 69% of us adults have less than $1,000 in savings, while 34% have no savings at all.

So an extra $10,000, you can consider yourself in the top 30% of the wealthiest Americans.

And now the question is, where do you go from there?

Is there a way to double or triple that $10,000 or maybe grow it to millions?

We will answer all of those questions and many more.

But before we do that, give this video a thumbs up that it deserves.

This is not financial advice and everything that's said in this video is for educational entertainment purposes and now let's dive in number one high risk individual stocks.

The stock market can do wonders, especially when there is a company that is about to disturb a certain industry in a matter of 10 to 15 years.

The stock market can grow astronomically.

I'm not talking about 10 or 20% but rather about a few 1000%.

For example, since it went public in 1997 has grown by 212,000%.

$10,000 invested in Amazon back in 1997 would have now worth $21.3 million.

There are plenty of companies that had grown similarly.

Best buy has generated a total sum of 108,000%, or about 26.2% annually At $10,000.

Investment invest by in 1990 would not worth $10.9 million.

It's easy to feel bad for missing such an opportunity, but it should not because there will always be the next hot stock.

Every single day, dozens of startups emerged trying to disturb everything.

So one way I would invest an extra $10,000 is by throwing it into a few tech companies that seem to have a chance to revolutionize a certain industry, I wouldn't choose just one because I could end up making the wrong bet.

But splitting it into 34 companies could end up into a real fortune over the long run.

One of the biggest obstacles I came across is the fear of missing out every single day that I keep the money in my bank account means that I'm losing money because first of all inflation devalues the real value of my money and secondly, I'm missing the potential returns I could be making even from just throwing it into the S&P.

But what I have learned after making multiple mistakes, says don't rush.

If you're missing a market rally, it is all right, the market will jump up and down all the time.

Don't try to take advantage out of all small opportunities.

If you're not sure, just keep your money.

Remember buffets two most important rules of money.

Sometimes there comes an opportunity when you were 100% confident that it's one in a lifetime opportunity and that $10,000 could turn you into a multi millionaire.

Number three Roth IRA, we sometimes complain about how rich people avoid paying taxes by creating complicated schemes.

However, there is a simple way that anyone can avoid paying taxes, but they don't.

A Roth Ira is an individual retirement accounts that you can use to make investments and pay no taxes on them.

How is that possible when you get paid, you pay taxes on your income so your income has already been taxed.

If you use that money to invest through a Roth ira accounts, your income is not going to be taxed again, no matter how big your investment is going to grow.

Let's say you open a Roth ira account in 2011 and invested $1000 in Tesla that has grown to $120,000 by 2021 you absolutely have to pay no taxes on that.

If you hold that money until the age of 59.5, you can withdraw your initial investment which was $1000 in this example and still avoid paying taxes.

But if you want your gains not to be taxed as well then you should keep that money until the age of 59.5 and it's free easy and you should do it as soon as you can.

The only problem is that you can only contribute to a Roth ira account $6000 or $7000.

If you're 50 or older, let's say you're 20 years old and you invest $6000 out of that $10,000 into the S and P 500 through your Roth Ira account next year.

You do the same thing and keep repeating it until the age of 60 you will end up with $3.2 million that you don't have to pay any taxes on.

In fact every year you can withdraw your initial investment tax free.

One of the people who took maximum advantage out of this is Peter field In 1999, Peter Thiel used his rough ira account to buy people here is worth $2,000.

He was given a special price since he was one of the founders of the company.

But by the end of 2019, his rough Ira account has grown to $5 billion and he doesn't have to pay a diamond taxes on that money, brilliant.

If you have a family or financial responsibilities, maybe you should not take this path because there is a higher risk of losing your money if you're starting any business.

But if you're in your twenties then it could exactly be what you need.

Whenever you invest in stocks or other assets, you have very little control over it.

Other people decide what to do with your money.

The growth of your money depends on how hard other people are going to work.

But when you invest in the business that you have full control over, even if it turns out badly you have the ability to put more hours, be more creative and still do something about it.

I know that $10,000 is not a lot of money when it comes to starting a business.

Yes, when you have a big capital it's much easier.

$10,000 is enough to get you started, especially when it comes to something online.

People start online businesses for a fraction of that amount.

So you don't have any excuses And finally, real estate, what what can I do with just $10,000 in real estate before you drop a negative comment.

But if you still insist on doing something just drop a like that will help the channel greatly what sets real estate apart from all other investments.

Maybe with $10,000 it might be difficult to find something.

But with 20 or $30,000 you can easily control properties worth 300 or $400,000.

When you use leverage in forex stock market or crypto.

Your broker immediately closes your position.

If the price of the asset dips below the amount you have deposited.

But when it comes to real estate, the bank cannot do that.