Let's Talk Investing
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In the words of Warren Buffet, "If you don't find a way to make money while you sleep, you will work until you die."
He is talking about investing. According to Forbes, "Investing is the process of buying assets that increase in value over time and provide returns in the form of income payments or capital gains. In a larger sense, investing can also be about spending time or money to improve your own life or the lives of others. But in the world of finance, investing is the purchase of securities, real estate and other items of value in the pursuit of capital gains or income."
In a simpler form, I like to just say that INVESTING = EMPLOYING YOUR MONEY. The same way companies employ us to bring money to their business, we can employ money to bring income to our homes. Learn more below and click "Get Started" and my team and I will reach out to you.
He is talking about investing. According to Forbes, "Investing is the process of buying assets that increase in value over time and provide returns in the form of income payments or capital gains. In a larger sense, investing can also be about spending time or money to improve your own life or the lives of others. But in the world of finance, investing is the purchase of securities, real estate and other items of value in the pursuit of capital gains or income."
In a simpler form, I like to just say that INVESTING = EMPLOYING YOUR MONEY. The same way companies employ us to bring money to their business, we can employ money to bring income to our homes. Learn more below and click "Get Started" and my team and I will reach out to you.
Investing is the key to wealth and wealth is the key to ultimate freedom - time freedom, that is. Of course, we can buy nice things we want and desire with the wealth we obtain, but one of the biggest thing I hear is that people want more "time" with their families, more "time" to travel, and more "time" doing things they enjoy. But they also say they don't have enough "time" to do those things because they have to give their "time" to a job or jobs or even a business. There is nothing wrong with a job or a business. The purpose of your job or your business should be to use a portion of the funds as seed money to invest so that eventually you get to the point of having a job or running a business because you want to not because you have to. Investing will transition you from being an employee (whether hired by a company or you hired yourself - entrepreneurs are employees of themselves) to hiring your money to make money for you.
Have you heard the term savers are losers? This is one of the most true statements I have ever heard. I first heard this statement from my mentor Robert Kiyosaki. Many people believe that saving money, is key, but the reality is saving keeps you behind. I believe money in the bank should be for the sole purpose of paying for living expenses, not just sitting there to look at.
Let’s do the math. At best you will getting 1.2% yield in a savings or money market account. The big banks we know of such as Bank of America and Wells Fargo are offering 0.01% APY (see stats). But…inflation is way beyond what your bank account will give as you can see on the chart below. So, by having your money in the bank, you are losing money every month. So let's revisit why are you keeping your money in the bank again? This is exactly why Robert Kiyosaki says “savers are losers.” We literally lose money every month by keeping it in the bank.
Let’s do the math. At best you will getting 1.2% yield in a savings or money market account. The big banks we know of such as Bank of America and Wells Fargo are offering 0.01% APY (see stats). But…inflation is way beyond what your bank account will give as you can see on the chart below. So, by having your money in the bank, you are losing money every month. So let's revisit why are you keeping your money in the bank again? This is exactly why Robert Kiyosaki says “savers are losers.” We literally lose money every month by keeping it in the bank.
U.S. INFLATION RATES
source: tradingeconomics.com
Find out the answer to this question using the compound calculator below. But before you do, please keep in mind that...
Many people think you have to have lots of money to begin to invest. That is far from the truth. I am a principle-type girl. Just apply the principle, see it work, and grow. I remember the first time I ever invested. I wasn't in a place to do a huge amount, but I did it anyway. When I saw a return on my investment (ROI), I was so excited! I made money with my money and didn't have to do anything. That was the start of my journey and it inspired me to work harder to produce more money to invest. Of course what I started with wasn't enough for an investment like real estate, but applying the principle and investing in opportunities at my level opened the door for increase to get to the bigger opportunities.
I share this story to say, start where you are and don't just start where you are, but stretch a little. Once you see growth, there will be a greater inspiration. One of the biggest things I want you to do is not treat your investing like savings. What I mean, is thing long term, thing legacy. It is important to set goals of what you would like that investment to produce and provide and allow time to make that happen.
USE THIS COMPOUND CALCULATOR TO SEE POTENTIAL INVESTMENT GOALS AND EARNINGS
Many people think you have to have lots of money to begin to invest. That is far from the truth. I am a principle-type girl. Just apply the principle, see it work, and grow. I remember the first time I ever invested. I wasn't in a place to do a huge amount, but I did it anyway. When I saw a return on my investment (ROI), I was so excited! I made money with my money and didn't have to do anything. That was the start of my journey and it inspired me to work harder to produce more money to invest. Of course what I started with wasn't enough for an investment like real estate, but applying the principle and investing in opportunities at my level opened the door for increase to get to the bigger opportunities.
I share this story to say, start where you are and don't just start where you are, but stretch a little. Once you see growth, there will be a greater inspiration. One of the biggest things I want you to do is not treat your investing like savings. What I mean, is thing long term, thing legacy. It is important to set goals of what you would like that investment to produce and provide and allow time to make that happen.
USE THIS COMPOUND CALCULATOR TO SEE POTENTIAL INVESTMENT GOALS AND EARNINGS
