Name: Ultimate Advice For Managing And Investing Your Money - You Need To See This
Uploaded: 2020-03-10T20:41:28.000Z
Duration: 3 min 47 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

The imperative

They're saying, You know, again, I'm struggling with money or I'm still learning how to make money or I don't have any money to manage.

So you know this workshop, and for me, it's like saying, I'll exercise when I'm fit.

You don't wait till you're fit, and then you exercise your exercise to get fit.

So if you have any money right now, you don't wait.

I'll make more money than I'll learn to manage it. 00:00:57.480 --> 00:01:2.060  Very fact, you don't have a lot to manage right now shows you don't know how to fucking manage it. 00:01:2.240 --> 00:01:3.100  It's very simple. 00:01:3.110 --> 00:01:4.750  So it's not that you waited. 00:01:4.750 --> 00:01:6.290  You have money and you do it. 00:01:6.300 --> 00:01:8.080  It's along the way. 00:01:8.300 --> 00:01:11.180  As you make money, you have to learn how to manage.

If you're making 5000 month and you can manage 5000.

What makes you think it managed con familia?

You can manage that fucking five grand that you have, and it's hot works.

Money is attracted to people who knows how the mother plant.

That's why the rich get richer, has nothing to do with opportunity.

It's because they have the skill set to multiply and money is attracted to that.

You see, when it comes to investing, do not get then, so you don't need sophisticated, complicated techniques.

If anything, you want to go with something very, very simple.

Something very proven. 00:01:53.030 --> 00:02:0.550  Most wealthy people that I know they invest in only a number off things could be real estate Could be index fund. 00:02:0.840 --> 00:02:3.400  Could be the stock market, their own businesses. 00:02:4.100 --> 00:02:4.650  That's it. 00:02:5.070 --> 00:02:6.750  They're not chasing the latest. 00:02:6.930 --> 00:02:11.040  What you see on Social Media, the latest investment scheme and things like that.

No, they Onley invest in long term proven investment vehicles.

Maybe you're not in a position to invest in real estate.

You're still saving up some money when it comes to creating wealth.

You're investing skill desk very, very critical.

But what is more important is discipline, discipline, having get disciplined, don't get the shiny objects in.

Now you may be thinking so, Dan, what are you saying?

Put it in some kind of low fee index fund, and that's all I need to do.

That's it. 00:02:54.600 --> 00:03:4.190  People want all these fancy techniques and all these things when you notice when you actually study how investing works and how wealthy investors, that's exactly what they do. 00:03:5.210 --> 00:03:17.200  You build your business first when your business those off so much cash and you have we invest our mother profits profits into your business to grow, and this now throwing off more cash than you.

Take that money, that extra cash and then you can put into real estate before you go.

Don't wait to buy real estate, buy real estate and wait.

So when is it the best time to buy real estate.

 When you have so much cash coming in from your business, picked up money, put that into real estate because long term, if you buy right, you would become very, very, very, very wealthy. 

Subtitles ListPlay Video

Ultimate Advice For Managing And Investing Your Money - You Need To See This

discipline

struggle

sophisticated

critical