how’s it going at this time guys welcome again to the channel hope you are having an excellent day to this point so on this video at this time we’re gonna be looking at my private inventory market funding portfolio precisely what shares I personal what number of shares of every of those shares that I personal and principally you recognize what my price foundation are on these shares as properly and I needed to actual fast give a shout out right here to monetary schooling he lately did a video as properly the place he principally went by way of his complete inventory market portfolio and his returns are trying quite a bit higher than mine proper now too so props to that as properly however I assumed it was nice to see that degree of transparency right here and I feel it is nice for people who find themselves you recognize doing these sorts of movies on YouTube speaking about investing of any form to truly share their actual outcomes you recognize opening up their brokerage account and I’ll say that previously I’ve been hesitant to share my very own private buying and selling account simply because you recognize generally you make good strikes within the inventory market generally you make horrible strikes in terms of investing and even should you research individuals like Warren Buffett arguably you recognize the best investor of our time should you learn his biography there the snowball you examine loads of totally different investments that went very mistaken for him over his profession of investing and so having this objective of each single one in every of your investments being good is simply not a very good objective and it isn’t a sensible objective both and so that’s my objective with this video is to be clear speak in regards to the shares that I personal why I personal them and principally present you what my portfolio seems to be like now I additionally wish to preface this by saying you recognize I’d not advocate replicating my portfolio or simply going oh Ryan or you recognize Jeremy or another monetary Channel owns that inventory I am gonna purchase that inventory you must all the time do your individual analysis and as you are going to see with my portfolio right here this there I’m NOT an ideal investor by any means and there are some shares in my portfolio which might be down one particularly that is down fairly a bit and so all the time do your individual analysis in terms of investing however merely you recognize I am exhibiting you guys my portfolio kind of as a curiosity subject lots of people are curious you recognize what shares I personal what my positions appear to be and my price foundation on these shares now earlier than I get into exhibiting you guys my portfolio I simply needed to say in case you are inquisitive about choosing up a very free inventory we bull is at the moment doing a promotion the place should you open an account with them you do not even should fund the account they are going to provide you with a very free inventory only for opening that account and so they’re going forward and doing a promotion right here for my channel provided that you guys open and fund an account with weeble within the month of February you are going to be within the working for a $500 Amazon present card and that is just for subscribers of my youtube channel who find yourself opening an account with them and funding it with $100 in February so it should be a really small variety of individuals which might be really entered on this giveaway so your odds of successful are actually not too unhealthy and should you’re not acquainted with Weibo land is principally like a Robin Hood kind free buying and selling platform however it presents extra technical indicators and it is extra for lively merchants than it’s long run buyers I am a long-term investor so I do not use that platform however should you do depend on technical evaluation it is likely to be a platform that’s attention-grabbing to you and if you wish to decide up that free inventory and get your self within the working for that 500 greenback Amazon present card that hyperlink is within the description it is an affiliate hyperlink you guys do have to make use of that hyperlink if you wish to get the free inventory and be entered within the giveaway however you definitely do not should you recognize use that hyperlink and assist me should you do not wish to it is simply an possibility out there in case you are okay so let’s go forward and try my portfolio now beginning off with what’s the greenback worth of my portfolio as of at this time’s shut it’s thirty six thousand 9 hundred twenty three {dollars} and sixty seven cents over all throughout my portfolio I’m down ten level 4 two % after which we’ll get into my largest holding proper now which is Normal Electrical I personal 1045 shares and my price foundation on these shares is round fourteen twenty per share as I am positive loads of you guys know I began shopping for GE in 2017 late 2017 began shopping for it near $20 a share which was method method method too early to be entering into Normal Electrical inventory so I used to be a kind of those who caught the falling knife and bought burned by Normal Electrical within the shore time period 2017 and you recognize properly I suppose principally 2018 was not such a enjoyable 12 months right here for basic electrical buyers however proper now I’m very assured in the long run image right here with GE I used to be in a position to common down with Normal Electrical and purchase some extra shares decrease than my price foundation and I’ve no doubts that I will at the very least promote GE at a break even when I wish to within the close to future right here however I do intend on holding the inventory right here for the following two to 3 years and I want to double my cash with Normal Electrical loads of you guys are gonna say I am out of my thoughts for saying that however that’s my objective right here is to promote Normal Electrical down the highway for $30 per share now do bear in mind you recognize they’re spinning off the healthcare enterprise and promoting belongings right here and there so it is probably not only one inventory it might be a number of totally different shares right here that I find yourself promoting off down the highway however that’s my plan right here is to you recognize have the ability to promote all of these shares at a mixed worth of about double what I had invested on this inventory whether or not that occurs within the subsequent two years or 5 years that’s my objective with Normal Electrical quantity two the second inventory right here is definitely the one inventory I am at the moment up in proper now that’s Alibaba so I’ve 36 shares of Alibaba inventory and everyone all the time makes enjoyable of the way in which I say that too I am sorry if it is should you’re getting triggered by that however in any case I’ve 36 shares at 158 89 per share at the moment up 6.6 1% and it is a inventory that I’ve purchased shares all the way in which throughout the board I’ve purchased them as little as 130 997 and as excessive as within the 180s within the 190s however as a result of I have been shopping for their inventory commonly over you recognize most likely the final 12 months or so I have been in a position to common down and be in at a price foundation that’s beneath the present market worth and I imagine these Chinese language shares particularly are very undervalued proper now due to all this uncertainty happening with the commerce warfare and as soon as we do get some clear narrative on that I anticipate to see you recognize Alibaba inventory going into a pleasant uptrend simply because this firm is absolutely killing it and they’re nonetheless seeing very sturdy progress for an organization of that measurement quantity three right here now we have JD comm that’s just like the Chinese language Amazon inventory I personal 105 shares at a price foundation of 2584 per share so I am at the moment down about 4 level seven 9 % that is one other inventory I began shopping for comparatively early I imagine the primary time I purchased this was when it was $32 per share it has gone as little as 19 a share and I purchased extra shares I imagine across the twenty one greenback vary and so as a result of I purchased shares up excessive after which I purchased them low now we’re sitting right here about within the center right here and so being down about 4.8% nothing that I am involved about in any respect the following inventory now we have is my former employer Nationwide Grid it is a utility inventory that lots of people do not actually discuss these utility shares however they’re comparatively boring and constant investments the one purpose why I imagine I am down within the inventory proper now’s as a result of there was some restructuring of how these energy utilities are going to be getting cash over in the UK and since they do the vast majority of their enterprise within the UK there was a dip within the share worth consequently as a result of they aren’t going to be allowed to be making as a lot cash it is a regulated utility and so consequently they’re instructed how a lot cash they’ll make and what sort of revenue they’ll acknowledge on investments into their infrastructure so my price foundation on these Nationwide Grid shares is 5660 per share and it is essential to recollect right here as properly that Nationwide Grid is a dividend payer I have been incomes dividends for the previous three years so although I is probably not up when it comes to the fee foundation I’ve been incomes these dividends and getting paid you recognize in two other ways the following inventory right here now we have Apple I personal 18 shares it is a comparatively small place whole market worth of round $3,000 and my price foundation on these Apple shares is 173 85 like I mentioned down 2% we may actually have a very good day tomorrow with Apple and I may very well be within the inexperienced and so I am not involved with my price foundation on these shares in any respect after which the ultimate funding right here as properly one other smaller funding is Fb inventory I personal 17 shares of Fb and my price foundation on these shares is 164 oh seven so I am at the moment down 4.25 % with Fb so general taking a look at my portfolio right here I imply should you’re actually making an attempt to purchase shares on the good time it is gonna be close to inconceivable and I am very comfy with the fee foundation on all these shares aside from Normal Electrical that has been a giant studying expertise right here for myself however all the opposite investments that I’ve right here in these particular person shares I am very assured with and I am very pleased with the fee foundation at which you recognize I’ve these shares and will probably be very attention-grabbing to see how 2019 performs out with these corporations particularly speaking in regards to the commerce warfare narrative and what is going on on there and you recognize a few good days available in the market and I may very well be within the inexperienced simply with this portfolio and now we have been seeing some comparatively sturdy efficiency right here with Normal Electrical I simply did a 20-minute evaluation video on that should you guys wish to verify that out I’ll have a card pop up on the display the place you guys can watch that video if you wish to study extra about Normal Electrical after which past the person shares that I personal I’m investing in three totally different ETFs now I’ll say this in earlier movies I mentioned that I had 50% of my cash in ETFs 50% in particular person shares and it is essential to recollect right here that I consolidated a few totally different portfolios into this account right here I used to have a Robin Hood account and a TD Ameritrade account and after I had all these totally different accounts I mentioned for tax causes and only for sanity I needed every little thing in a single place so I moved the Nationwide Grid shares and the final electrical shares into this account which has now made it to the purpose the place you recognize I’ve nearly 90 % of my cash in particular person shares and 10% in ETFs so if I’ll be investing more cash into the market this 12 months I’ll be placing quite a bit into ETFs greenback price averaging would possibly purchase a bit little bit of Fb and Apple simply because these are the 2 smallest positions in my portfolio however proper now I am fairly closely invested in particular person shares extra so than I initially thought so I undoubtedly wish to load up extra on these passive ETFs simply because I just like the passive nature of ETFs and you recognize they’re they’re simply very boring and constant investments right here proudly owning the market you are capturing the expansion of the market over time so the three funds that I personal are be grew to become I am about breakeven they’re up 0.82% Vivi 0.23% up so once more nearly break-even the one one I am down on right here is VX us which is the Worldwide Fund that is most likely largely because of the bear market happening in China down 8.2% however general throughout my ETFs down 1.7 8% however in any case guys that’s my portfolio right here these are the shares and the funds that I personal that’s the price foundation at which I personal these shares and I feel that is about as clear as you may get right here if I make any adjustments to my portfolio I’ll undoubtedly do replace movies for you guys and allow you to know whether or not I am shopping for or promoting and I could do a you recognize an replace video like this each six months or so should you guys loved this so far as you recognize my portfolio and lots of people are questioning to you recognize do I’ve different investments outdoors of this I do have some cash with you recognize fund rise and another non inventory market investments however the majority of what I am doing proper now’s investing closely into my very own enterprise investing in individuals and assets and that’s some huge cash that is going into my enterprise that is the place I am seeing the best return proper now and I am additionally you recognize protecting some huge cash in money as a result of I am planning on having or finishing an actual property buy in 2019 so loads of my cash is simply sitting in liquid money so it isn’t within the inventory market and I do not plan on placing a ton of cash into the market I’d anticipate perhaps rising this portfolio to 50 thousand by the tip of 2019 and that is most likely you recognize about what I’ll do right here when it comes to including more cash into this account and capturing some you recognize positive aspects right here with a few of these shares however in any case guys that wraps up this video thanks a lot for watching like I mentioned if you wish to seize that free inventory and doubtlessly enter your self into that $500 Amazon present card giveaway that we Bowl is providing that’s the high hyperlink within the description beneath if not thanks guys a lot for watching have an excellent remainder of your day and I’ll see you within the subsequent video

The EASIEST Design To Grow to be A MILLIONAIRE, Step By Step

– So on this video we’re gonna be speaking in regards to the simplest way
to grow to be a millionaire, and that’s by means of the
use of a device known as the Roth IRA. Now, I do know quite a lot of you guys are already conversant in
this funding automobile, however I am hoping for these of you which can be fully new to it to clarify to you guys
how highly effective that is and why that is in my
opinion the best method to generate a large quantity
of wealth for your self. However earlier than I get into that, I need to clarify the idea right here of the quick lane path to
changing into a millionaire versus the sluggish lane path. And I believe lots of people
who watch these movies about the right way to grow to be a millionaire are all the time in search of
that quick lane path. And, for my part, the quick lane path for changing into a millionaire
is beginning your personal enterprise or having some form of
funding in your self, and I’ve completely
no drawback with that. I’ve invested in myself, I’ve
began my very own on-line enterprise and so I completely get that technique of the quick lane life and if
that is one thing you need to do you’ve got the quick lane path
to changing into a millionaire, I believe it is best to
completely comply with that path. However if you’re involved in a slower path to changing into a millionaire,
which is thru long-term investing, that’s precisely what I’ll educate you on this video. So there are three
totally different elements right here concerned with this course of. Primary is a charge free Roth IRA. I am gonna offer you guys
an possibility on the finish right here of a charge free Roth IRA. Quantity two, the second piece of that is common contributions to this account, the place you are contributing
cash on a weekly or month-to-month or yearly foundation. After which quantity three is solely time, permitting your cash to have time to develop, I am certain quite a lot of us are conversant in compound curiosity
which is the place you are in a position to earn curiosity in your curiosity, and that’s how billionaires
like Warren Buffet have generated large quantities
of wealth for themselves, is due to that compounding impact and incomes curiosity on the curiosity that you have already earned. So initially let’s go forward and reply the query right here of what’s a Roth IRA. A Roth IRA is a sort of IRA which is a person retirement account, and most of the people confuse
it with the 401(okay). They are saying, nicely, I have already got a 401(okay), so why would I want this Roth IRA? Properly, the 401(okay) is a
an employer-sponsored retirement plan, and never all persons are provided a 401(okay) primarily based in your job. Lots of people within the service trade aren’t provided 401(okay)s
as a result of they aren’t technically employed by anyone, they’re simply getting
paid for his or her companies. So not everyone has
this feature for a 401(okay), these issues could be loaded with charges and so they might not truly be
the perfect funding for you. Now, with that 401(okay) you might be
placing away cash tax-free, you take cash that
you have not paid tax on and also you’re shelling it into your 401(okay) after which if you’ve
reached retirement age and start to attract from that account, you are paying taxes down the street. So it is principally like
a tax-deferred account, you are gonna pay taxes later
if you’re taking cash out. The Roth IRA, on the hand,
is totally totally different. with the Roth IRA, you take cash, you take your post-tax revenue, cash you have already paid taxes on, placing it into this account, however the magnificence is that when
you draw from this account as soon as you have reached retirement age, you are paying no taxes on that. So principally with the
Roth IRA you are paying a small quantity of taxes
now to keep away from taxes later, versus the 401(okay) the place you are avoiding a small quantity of tax at this time and paying a big tax invoice down the street. Now the vital factor to recollect right here is that as a result of that is an IRA, that is retirement account, it’s meant for retirement financial savings, and the age for withdrawal
at this level is 59 1/2 for any earnings from the Roth IRA. So principally any contributions you make right into a Roth IRA, you’ll be able to withdraw with out paying any taxes or penalties, however should you take out any of the earnings from a Roth IRA, you are gonna pay taxes in addition to a penalty. So should you resolve to place
cash right into a Roth IRA, this is not the form of factor
the place you are gonna change your thoughts two years from now
and empty out that account, in any other case you are going to pay taxes and penalties on the
earnings or the curiosity that you simply earned from that account, not the quantity that you simply
initially contributed. And however, should you had been to dip right into a 401(okay) early,
you are going to pay taxes and also you’re gonna have a penalty on any quantity that you simply withdraw as a result of that is cash that you simply
have not already paid taxes on. So the wonderful factor in regards to the Roth IRA is that it primarily permits you to pay zero taxes on doubtlessly a long time of compounding curiosity
primarily based on if you begin. A 20-year-old might
principally have their cash compounding for the following 40 years, incomes curiosity on
curiosity each single yr, paying completely no taxes on that revenue by means of using the Roth IRA. And lots of people make this error of investing by means of a taxable account and so they do not understand that
you’ll be able to direct a Roth IRA and put no matter you need into that. You may maintain particular person shares,
you’ll be able to maintain index funds, it does not essentially have
to be only a mutual fund that you simply’re investing
in by means of the Roth IRA, all you might be doing is making the choice of I do not need to pay
taxes on this revenue, and so you might be principally placing it in that tax sheltered account and rising that cash for
your self afterward in life. So how a lot are you able to
contribute to a Roth IRA? Properly, if you’re below 50 years previous, you’ll be able to contribute, as
of the present tax legal guidelines, $5,500 per yr, and if you’re 50 and up they permit you to have a catch up interval the place you’ll be able to contribute
one other $1,000 on prime of that or $6,500 per yr. So now the burning query you’ve got is, how do you grow to be a tax-free millionaire following this technique? So for instance for instance you
contributed $5,500 per yr, you maxed out your Roth IRA contribution from age 20 to age 60. Now, I do know lots of people
are gonna cease me proper there and say, the place am I gonna get $5,500? And the very first thing I need to let you know is lots of people get a tax refund on the finish of the yr,
and for most individuals that’s anyplace from two to $3,000. So should you dedicated to placing
that into your Roth IRA versus spending it on a trip or simply dumping it into
your checking account and God is aware of the place it goes, that might be a method that you simply discover a considerable amount of the
cash that is gonna go into that Roth IRA is simply by
placing your tax refund apart and permitting that cash to develop tax-free. However for instance you discover a method
to maximise your contribution yearly, at an 8% return, which is principally the common return from the inventory market
during the last 100 years, nicely, over these 40 years, you should have contributed $219,840, however how a lot cash have earned by means of compound curiosity
at that 8% return? You’ve got earned $1,203,934.63. So your whole there, after these 40 years is nearly 1.four million {dollars}, $1,423,774.63, and the way a lot did you pay in taxes? Zero. You did not pay any cash in taxes since you already paid taxes on the cash that you simply contributed. Now, let’s evaluate that however to anyone who adopted
the very same technique, had the identical contribution,
the identical 8% compounded return, however they did this by means of
a taxable account. They must pay
long-term capital positive factors tax on that $1,203,934.63, and primarily based on the present tax legal guidelines, for most individuals that is going to be a 15% long-term capital positive factors tax fee. They’d have a tax invoice of $180,590.19 so that is the worth folks pay by making this error of not investing by means of a Roth IRA and investing
by means of a taxable account, that proper there might be a
doubtlessly $200,000 mistake by not investing by means of a Roth IRA and protecting your self tax sheltered. And this proper here’s a method
which you can permit your self to grow to be a tax-free millionaire by maximizing your contributions
to a Roth IRA every year. Now, like something on the market, there are some professionals and
cons to the Roth IRA, so let’s go forward and speak
about what these at the moment are. To start with, the professionals,
primary you’ll be able to develop your cash tax-free
since you’re paying taxes on the best way in, that’s
probably the most fascinating characteristic of the Roth IRA for most individuals. Quantity two, one among my favourite causes for a Roth IRA,
is which you can lock in your tax at this time. And lots of people do not
essentially know what this implies, however do you assume that taxes
are going to be greater sooner or later, the identical, or decrease? For those who assume that taxes
are going to be greater sooner or later by any probability, and primarily based on our nationwide debt there’s a good probability
that taxes shall be greater, you’ll be able to lock in that tax fee at this time by paying taxes now and
not paying taxes later. By the 401(okay), you are
ready to pay taxes in some instances 20, 30, or
40 years down the street and you’ve got completely no concept what the tax construction
goes to appear to be at that time limit. After which the third professional is the truth that you’ll be able to withdraw
contributions penalty free, so if something occurs down the street and you have to pull out some cash, you’ll be able to pull out your contributions with out paying a penalty and
you have already paid taxes on that cash, versus cash in a 401(okay), if you need to draw
from that, you are going to must pay taxes and also you’re gonna must pay some form of penalty,
which I imagine is round 10%. It’s a nasty invoice, not one thing that you simply need to must do. What are the cons of a Roth IRA? Primary, you’ve got
to pay taxes up entrance, and for some folks, they
like having their cash invested with out paying taxes, they’d fairly pay that tax invoice later. Quantity two, the utmost
contribution is low, $5,500 per yr, you are not gonna have the ability to develop a Roth IRA to 10s or
tons of of tens of millions of {dollars} except you are actually good
at investing that cash and allocating it. After which quantity three,
there are revenue limitations with the Roth IRA. For those who make over a sure greenback quantity you aren’t allowed to open one, however if you’re in that scenario you have to search for one thing known as a backdoor Roth IRA, by means of a conversion of a distinct sort of retirement account
you’ll be able to open a Roth IRA, it is known as the backdoor Roth, verify that one out on Google. So that’s how one can
grow to be a tax-free millionaire by means of using a Roth IRA. And as promised at first, I’ll share with you guys what, for my part, is a good possibility right here for a fee-free Roth IRA, and
that’s retirement accounts provided by means of M1 Finance. I am gonna truly open
it up and present you guys precisely what that appears like, however I did need to point out
I’ll embrace a hyperlink for M1 Finance down
beneath within the description. It’s an affiliate hyperlink, you
guys do not have to make use of it should you do not need to, however perceive that your use of that hyperlink definitely helps me out and
helps to help my channel and permits me to unfold extra movies and messages like this. So, initially, why
do I like M1 Finance? It’s not as a result of I am an affiliate, it has nothing to do with that. I believe it’s a nice platform, particularly for retirement accounts. Primary, the primary motive why is that M1 finance does not
cost you a penny. There are zero charges
related to investing by means of M1 Finance apart from the charges that you’ll pay should you spend money on some form of ETF, and
you are gonna pay these charges whatever the brokerage
that you simply undergo. Quantity two, M1 Finance provides dozens of professionally constructed portfolios, and so they give you some
stage of steering right here when it comes to placing collectively
a nicely diversified portfolio, and I have no idea of a single different free brokerage account on the market that’s providing this service
to folks with out charging. Quantity three, you’ll be able to
have full automation of your funding by means of M1 Finance. So should you needed to
contribute $100 every week, $100 a month, no matter greenback
quantity you need to contribute, so you’ll be able to set that on a schedule and mechanically be investing
into your taxable account or into your retirement
account by means of M1 Finance. Quantity 4, quite simple consumer interface, it is without doubt one of the finest consumer experiences for my part of any
brokerage firm on the market. They’ve a very easy to comply with app. After which quantity 5, the
minimal to get began with a retirement account is simply $500, so the limitations to
entry aren’t very excessive. So what I am gonna do now could be I am gonna bounce into my cellphone right here and
I am gonna present you guys precisely what this seems to be
like and how one can arrange a fee-free Roth IRA with M1 Finance. So I am gonna go forward and present you guys what these retirement
portfolios appear to be. I have already got an account
arrange with M1 Finance, so I am unable to present you
guys that preliminary step, but it surely’s very straightforward, you are
simply gonna obtain the app, click on enroll, after which you are going to choose a Roth IRA, opening
up a retirement account. And when you go forward
and open that account, that’s when you’ll be able to fund
it and start investing in a portfolio. So what I need to present you guys is the retirement
portfolios which can be provided by means of M1 Finance. And that is what I am
gonna present you guys now by creating a brand new pie. So, what you are gonna do is
you are gonna go over right here to skilled pies and also you
can see particularly they’ve a plan for retirement. So these pies are ideally suited for individuals who are planning their investing
technique round retirement, targeted on constructing wealth whereas younger and sustaining their portfolio afterward and needing a portfolio
that mechanically updates to align with their targets. So completely automated portfolio. So let’s go forward and click on on that. After which all you are going to do is click on proper right here and kind within the yr or choose the yr that
you propose on retiring. So for instance in my case
being about 25 years previous, I am turning 24 quickly, that may imply I’ll ideally
retire in about 40 years which might be round 2060. So I’d simply choose 2060, and there are my choices proper there, 2060 conservative,
average, and aggressive, and people are all going to be
primarily based in your threat tolerance. If in case you have a big tolerance for threat and you do not thoughts if
there’s giant fluctuations inside your portfolio, you
would possibly decide 2060 aggressive. If you do not have quite a lot of threat tolerance, you’ll decide conservative. And should you’re someplace within the center, that may be the 2060 average portfolio. All you’ll do is choose that portfolio, you’ll be able to learn extra about
it and start investing by means of M1 Finance. So should you click on on that particularly you may get extra info
on this portfolio, have a look at the return over the
final one yr, three years, and 5 years, and see if this
is an efficient choice for you. However in any case guys, that is
gonna wrap up this video, that is an actual technique
of how one can grow to be a tax-free millionaire by means of
using the Roth IRA and you may spend money on a Roth IRA charge free by means of M1 Finance. Like I mentioned, I’ve a
hyperlink within the description, it is an affiliate hyperlink, if
you guys resolve to enroll. However, once more, you shouldn’t have to make use of that should you do not need to. However thanks guys a lot
for watching this video. If in case you have any mates you
need to share this with, in the event that they need to additionally grow to be
a tax-free millionaire, be at liberty to share this with them as nicely. But when not, be sure to guys
hit that subscribe button, go away me a remark, should you’re
following this technique, and I’ll see you within the subsequent video.

Why An identical outdated Electrical Inventory Is Up Over 50% Since December!

how’s it going in the present day guys welcome again to the channel hope you are having a terrific day to date so on this video in the present day we’re gonna be speaking about GE basic electrical inventory as a whole lot of you guys know that’s my largest particular person inventory place and we have seen a whole lot of pleasure and motion with this inventory to date in 2019 and as I am positive you guys know 2017 and 2018 have been completely horrible years for this battered and crushed up inventory right here so simply to go over with you guys right here a quick historical past of what we have seen occur with basic electrical inventory in 2017 this was a $32 inventory in the beginning of the yr and it fell right down to 1750 per share being a drop of 45 p.c in 2017 then in 2018 it was even worse the inventory went from 1750 a share right down to 750 a share which is a drop of 57 p.c and now to date in 2019 from the start to the place we at the moment are the inventory has gone from 750 a share as much as 1050 a share a rally of simply 40 p.c within the final six weeks so lots of people are scratching their heads questioning what occurred right here to triggered this bull market right here with GE inventory why is the inventory abruptly experiencing this rally and for these of you who did resolve to scoop it on the six to seven greenback vary you could have a very nice return right here in a really brief time frame so GE formally bottomed out at six {dollars} and 66 cents per share and that was in December of 2018 after which at that time it began to enter an uptrend and the principle purpose for that’s the truth that despite the fact that there was a lot occurring inside this firm a lot dangerous press and dangerous information at a sure level a inventory really does turn out to be undervalued and the mainstream buyers started to appreciate that and lots of people started scooping up shares as a result of despite the fact that this inventory was simply there was a lot dangerous information about it you might not ignore the truth that that was a really low value particularly if you regarded on the market capitalization of what the market was valuing this come in comparison with their income for instance it was unbelievable how low-cost this inventory actually bought but it surely was as a result of there was a lot dangerous press and dangerous information inside this firm and so from the underside of 666 a share to the place it’s in the present day that could be a rally of 58% so if anyone did find yourself shopping for GE on the six to seven greenback vary I would love to listen to your feedback down under are you going to be holding on to it for the long run are you simply gonna take your cash and run let me know what you guys are planning on doing with basic electrical inventory however so far as my place goes with this firm I’ve 1045 shares of GE inventory at a price foundation of 1420 per share so I am nonetheless down fairly a bit with Normal Electrical down 25% or $3,700 relying on the way you take a look at that however as I am positive you guys can think about again when that inventory was like six or seven {dollars} a share I used to be down massively on this place and so I’ve no doubts about this firm in the long run I am positive that I’ll have the chance to promote at a break even or at a revenue if I needed to within the close to time period however I do take into account this to be a long run funding I am gonna be holding on to GE for I’d say about 5 years simply to see how this pans out however I positively discovered a whole lot of classes from this funding right here in Normal Electrical that I wish to share with you guys so lesson primary that I discovered and that lots of people discovered with Normal Electrical is that dividends are by no means assured in order a lot as we would prefer to suppose that firms are going to proceed to pay dividends simply because they’ve beforehand now we have to do not forget that dividends on the finish of the day will not be assured and lots of people solely invested in Normal Electrical as a result of for some time it was displaying a really excessive dividend yield of I imagine seven or eight p.c so individuals noticed that they usually mentioned oh I can get an 8% return right here by investing in GE inventory and amassing my dividend after which Larry Kolb got here on the scene and completely slaughtered that dividend down to at least one penny per share however lots of people particularly purchased Normal Electrical due to that dividend after which when that dividend was slashed to at least one penny per share they’re like why the hell do I personal this inventory on the finish of the day so by no means put money into the businesses solely due to that dividend yield I’ve mentioned this time and time once more dividends are by no means assured they are often restructured lower or cancelled at any time as we noticed right here with Normal Electrical the place they’re just about barely a dividend payers as a result of financially it doesn’t make sense for them to proceed paying that dividend with the the money administration issues that they’re having the second key lesson I discovered from investing in GE inventory is that this lesson of persistence you ought to be very affected person if you start getting into any form of place and as of late as properly I imply I can perceive once we have been paying Fee to be buying and selling shares that you recognize you would not wish to observe a method of averaging down or easing right into a place however as of late there’s actually completely no excuse why you’ll dump all your cash right into a inventory at one explicit time the technique I observe now’s to take a small preliminary place in a inventory perhaps 20 to 30 p.c of how a lot I really wish to personal of that inventory after which I just about use that as a option to inform what’s the value doing it that continues to fall I’ll start to build up increasingly shares similar to what I did with JD I began shopping for JD I imagine at 32 a share after which I collected extra shares at $20 or so twenty to twenty one {dollars} and so even then $32 was uh it was clearly had much more to fall falling all the way in which to 20 so persistence on the finish of the day is an important talent you’ll be able to grasp as a long-term inventory market investor so if for instance you needed to have a $5,000 place in an organization like Normal Electrical or any firm on the market I’d begin off personally with you recognize perhaps one to 2 thousand {dollars} invested after which take a pair extra bites out of that inventory as you’ll be able to see what that value is doing when you simply dump all of that $5,000 into that inventory at one cut-off date after which the value falls drastically prefer it has for me with Normal Electrical and JD comm you have at that time eliminated the chance to common down and decrease your price foundation until you wish to purchase extra shares however at that time that inventory goes to hold extra weight in your you then had initially deliberate for thus that’s my suggestion is to common down and you recognize take a small preliminary place however no matter technique works for you guys on the finish of the day is what you are going to observe after which the third and remaining factor that I discovered right here and that lots of people have discovered with GE is that market sentiment or the general feeling of buyers can actually change in a single day I imply we noticed this going from being some of the hated shares on Wall Avenue subsequent to perhaps like snapchat for instance to all of the sudden experiencing a 50 plus p.c rally in six weeks and so timing the market and getting in on the actual good time it is going to be an inconceivable process you would possibly get fortunate every so often and purchase garments or close to the underside however attempting to purchase shares on the backside is unquestionably not a method that I personally observe so it might be one thing you attempt to do and perhaps utilizing one thing like technical evaluation you are capable of get a greater thought however personally you recognize I prefer to know that I personal shares at that value and as soon as it is under a sure value vary that I am comfy with I’ve no downside accumulating shares at that value as a result of I imagine that firm shall be you recognize price extra sooner or later all proper so now we’re gonna get into a few explanation why we have seen this bull market happening right here with Normal Electrical inventory however earlier than we get into that I simply needed to say that when you guys are inquisitive about choosing up a very free inventory we bowl is providing a promotion the place when you open up an account with them you do not even must fund the account they will be providing you with a very free inventory only for opening that account they usually truly sponsor to provide away right here for my channel what they’ll be doing is anyone within the month of February who opens an account with them after which funds it with a minimum of $100 they’re gonna be within the operating to win a $500 Amazon reward card that they’ll be gifting away on the finish of February now this can be a giveaway that they’ve sponsored this isn’t a giveaway that I’m doing however when you guys are inquisitive about testing this buying and selling platform it is form of a extra refined platform than Robinhood with a whole lot of technical indicators and it is extra geared in the direction of the lively dealer so if that pursuits you you’ll be able to seize a very free inventory down under and when you die at $100 or extra within the month of February you may be within the operating for that Amazon reward card and that’s solely people who find themselves subscribed to my channel so there’s actually not going to be that many individuals getting into that giveaway I am affiliated with we have all guys you do not have to take me up on this supply when you do not wish to however that choice is offered to you when you’re seeking to get a free inventory and doubtlessly win that $500 Amazon reward card however anyhow let’s go forward and get into it now and discuss why we’re seeing Normal Electrical on this bull market initially one of many fundamental causes that was an early catalyst for this rally in about December is the truth that we bought wind that the GE Healthcare spin-off continues to be on monitor for the center of 2019 principally when Larry Colt turned CEO there was questions of whether or not or not they have been nonetheless going to be spinning off the healthcare enterprise and that was one thing that I feel most buyers have been supportive of is separating that enterprise off and truly having or not it’s its personal publicly traded firm however then individuals have been questioning is that also going to occur underneath the brand new CEO and we all know that they’ve formally filed for that IPO and that spin-off of the healthcare firm and so that’s anticipated to happen in the midst of 2019 and so that is going to be attention-grabbing for GE shareholders as a result of at a sure level I imagine they are going to set a file date and in case you are on the books as a shareholder on or previous that date you are going to get shares of this new GE healthcare firm as soon as they’ve their IPO so principally they’re taking the GE healthcare enterprise and spinning it off into its personal firm and issuing shares to GE buyers individuals who already personal Normal Electrical inventory so that you at the moment are going to have you recognize two shares two completely different Normal Electrical shares after that spin-off takes place and the explanation why they mentioned they’re doing that is that is going to permit Normal Electrical to give attention to their core industrial and power enterprise which is smart and it additionally goes to be permitting GE well being care to be extra versatile and modern as a result of they don’t seem to be being slowed down by these different companies that GE is concerned with that aren’t essentially doing too properly GE Healthcare is arguably their finest run enterprise and so it makes for that to be a standalone enterprise so personally as a shareholder I feel that is form of thrilling information right here that we will be getting you recognize inventory of GE well being care and that that firm goes to be a standalone firm and so we must be anticipating to see that happening someday in the midst of 2019 so the affirmation that that’s nonetheless underway and nonetheless within the works was positively a bullish catalyst for this inventory quantity two the second large piece of stories right here is there was some restructuring of this merger with Webb tech company and that’s the Westinghouse air brake expertise company it’s a passenger rail transportation firm and this is among the companies that Normal Electrical is promoting off to generate money they’re promoting off their GE transportation enterprise and so they will be merging the transportation enterprise with Webb tech company on February 25th and Normal Electrical shareholders are literally going to be getting issued shares of lab tech inventory on February 14th is the official date so on Valentine’s Day you may log into your brokerage account and you will have slightly Valentine’s Day reward there from Normal Electrical I imagine from what I learn it’s best to anticipate on the present market worth of lab tech to get about 40 cents per share of GE that you simply personal in Webb tech inventory so me personally that’ll be about $400 price of lab tech inventory primarily based on what they’re doing there so Normal Electrical is principally promoting their transportation enterprise to Webb tech company in alternate for shares of lab tech after which instantly after that they’ll promote that off to generate money and that is going to permit them to generate about 3.four billion {dollars} in money and so earlier on this plan was for them to generate I imagine about 2.9 billion {dollars} of money and it will have given present DGE shareholders a bigger stake in Webb tech however they really restructured that deal Larry Culp restructured that deal in order that now Normal Electrical shareholders are going to get barely much less lab tech inventory however they’re GE themselves goes to have the ability to generate more money from the deal and general I feel buyers perceive that is the absolute best choice right here as a result of Normal Electrical wants the money this cut-off date and as a lot as we wish that little incentive there with a pair shares of lab tech we might somewhat care in regards to the well being of the core funding right here which is Normal Electrical after which the third purpose why Normal Electrical inventory is in an uptrend right here is as a result of we had the quarter for earnings report come out and there was no extra dangerous information inside that earnings report just about each report we have seen over the past yr or two each single earnings report there was increasingly dangerous information being stacked up and that is the primary report we’re just about it was precisely what was anticipated right here we noticed a money circulation is enough with them so there is no such thing as a credit score issues they’re promoting off you recognize as we mentioned transportation in addition to Baker Hughes they usually’re doing the healthcare spin-off which goes to permit them to generate you recognize a considerable amount of money we heard some optimistic commentary from analysts and lots of people are very trusting and supportive of Larry Culp as the brand new CEO of this firm and so principally as a result of there was no extra dangerous information in that quarter for orange report we noticed a large soar in that inventory I imagine it was up about twelve to fifteen p.c on the day of that earnings report just because there was no extra dangerous information that got here out about Normal Electrical so we hope that the worst is behind us there’s some attention-grabbing drastic strikes being happening right here with these spin-offs and the promoting off of those companies and we actually hope that is going to be sufficient to assist GE in the long term and return to a well-run enterprise that is producing you recognize wholesome quantities of money circulation after which ultimately with the ability to pay a dividend that is in keeping with different industrial firms on the market so simply how a lot money was Normal Electrical capable of unencumber properly between the transportation merger with lab tech the Baker Hughes sell-off that they’ve deliberate and that I imagine goes to be for July of 2019 is one which’s going to undergo and the healthcare spin-off in mid-2000 19 that is going to permit them to generate about thirty billion {dollars} in money and in addition by lowering that dividend to at least one penny per share that’s saving them about 4 billion {dollars} per yr so any issues are about you recognize money or this firm probably going underneath or going bankrupt these issues are just about all subdued at this level due to the quantity money that they’ll be producing and the opposite large piece of stories that got here out on this quarter is that they lastly settled the investigation into their subprime mortgage enterprise which was the Weyerhaeuser mortgage firm WMC which was owned by Normal Electrical this was the fifth largest subprime mortgage lender in 2006 when you guys will not be accustomed to that take a look at the film The Huge Quick on Netflix it talks rather a lot in regards to the subprime mortgages which was a serious catalyst for the 2008 inventory market crash and the housing market crash and so as soon as the subprime market collapsed WMC closed their doorways in 2007 and clearly there was a whole lot of shady stuff occurring behind the scenes so Normal Electrical lastly agreed to pay a one-time settlement of 1.5 billion {dollars} clearly a large sum of cash however that is going to permit them to place that to relaxation and never have to fret about that hanging over their heads anymore so having certainty on that situation was additionally a optimistic for this quarter however anyhow guys that is gonna wrap up this video that’s an replace right here on Normal Electrical inventory what’s been occurring with this firm and why now we have seen this insane rally happening right here within the final couple of weeks so let me know within the feedback part what you guys take into consideration GE have you ever purchased shares this firm are you continue to saying you recognize you would not contact it with a ten-foot pole I’d love to listen to what you guys suppose however thanks guys a lot for watching this video I hope you loved it and I’ll see you within the subsequent one

Assemble $100 A Day On YouTube WITHOUT Making Your Dangle Movies 💸

– How’s it going as we speak guys? Welcome again to the channel. Hope you are having an excellent day up to now. Lots of people had been
questioning the place I have been for the final week, and I
was on a visit to Mexico. However I did a vlog of the journey. I’ve that with my editor now so I am hoping to get that again within the subsequent couple of days
to share with you guys. However what I wish to speak
about as we speak on this video is a query that I get
in all probability on a weekly foundation. And that’s from individuals who want to begin their very own YouTube channel, however they do not essentially wish to do what I am doing proper right here. They do not wish to put
themselves on digital camera. They do not wish to videotape themselves. Their kinda extra reserved, however
they nonetheless wish to capitalize on this big alternative
to construct a following, and probably earn a living from YouTube. And so what I wish to present
you guys on this video is 2 alternative ways how
you may make cash YouTube with out recording any movies your self. And I simply needed to say as effectively, this video was impressed by a
video I noticed by Kevin David. And so anytime I see a video
that evokes a video I do, I all the time like to offer
credit score the place credit score is due. And so one among these is a
technique that he outlined, however I am gonna take it
only one step additional. So let’s go forward and hop
into my laptop right here, and I am gonna present you guys
how one can begin earning money on YouTube with out making
any movies your self. So the primary technique,
and my favourite technique is to create a fan web page for anyone that you just already idolize, or like watching their movies on YouTube. I wish to present you guys an ideal
instance of 1 proper right here. That is referred to as the Gary
Vaynerchuk fan web page. It has over 143,000 subscribers,
and I am virtually guaranteeing you this channel is making
over $10,000 per thirty days. Simply because I do know on this class, advert charges are a lot greater
than different areas of YouTube. I’d say for this individual particularly, they’re in all probability making
about $10 per 1000 views, whereas most individuals on YouTube are in all probability making
about $three per 1000 views. And that is due to the truth that that is the motivational area of interest. And it is people who find themselves
watching these movies who’re attempting to higher themselves, or be taught extra about earning money. And so it is a very fascinating
area of interest for advertisers or viewers of individuals to go after. Now I simply wish to say this proper right here, when you go right here into the about
part of this channel, you possibly can see that it has a
description of Gary Vaynerchuk, after which it says, “this
channel is run by a Gary V fan. This can be a fan web page. Please subscribe to Gary’s official channel” And this channel is
accepted by workforce Gary V, proper right here on the backside. So this individual right here has
spent in all probability a whole lot if not hundreds of hours
placing collectively these movies. Taking Gary Vaynerchuk’s
movies and speeches, and turning them into these
small little spotlight movies. In order that they’ve put numerous effort
and power into this channel. So that you wish to make sure that
earlier than that you just dump every kind of time and power
into making a fan web page, you even have permission
from that influencer. And it is humorous as a result of,
nearly per week in the past I had anyone e-mail me and so they mentioned, “hey I wish to make some
motivational movies for YouTube I used to be questioning if I had
permission to make use of your content material so long as I you realize hyperlink
your video within the description and provide you with credit score and
have a hyperlink to your channel” And I mentioned completely, that is no drawback as a result of I am not venturing
or dropping something. They’re making these movies, they’re making the motivational movies. They’re gonna hyperlink to me so
my viewers turns into bigger, and they will make
some cash within the course of as soon as they started, or as soon as
they start operating adverts. So there’s numerous influencers on the market the place you possibly can attain
out to them and ask them, “hey may I create a
fan web page in your behalf” Then you are going to take
their movies and you are going to make small
little spotlight reels, or some type of compilation movies. And so this channel
proper right here, like we mentioned nearly 150,000 subscribers. And if we take a look at Gary
V’s web page, his channel, you realize he has virtually
2 million subscribers. So that you wish to discover an influencer who I’d say has at the very least
a pair hundred thousand subscribers, however one million subscribers or extra could be nice. However you undoubtedly need
to achieve out to them and ask permission, as a result of these movies are clearly the property
of Gary Vaynerchuk, or whoever uploads them. So do not spend a bunch of effort making these movies, then
placing them on YouTube solely to seek out your self
getting a copyright strike a few weeks later. At all times ask for permission. So what number of views is the
Gary Vaynerchuk fan web page getting per thirty days? I went on SocialBlade and took a glance, and within the final 30 days
that’s 1.6 million views. And as you possibly can see right here, the views have simply been trending upwards
for this channel right here. As Gary Vaynerchuk is turning into
an increasing number of widespread, extra individuals are looking for him, extra individuals are discovering this fan web page and watching these movies. So this proper right here is an ideal instance of how one can earn a living on YouTube, not making your individual movies, not placing your self on the market. Simply by making a fan
web page for an influencer that you just already know and respect. After which ensuring they’re okay with you operating adverts on these movies. However I’d say most
folks may have no drawback with this since you’re
serving to them to unfold consciousness and to construct their model. And the second technique for
earning money on YouTube with out making any of your individual movies is the strategy that Kevin David
talked about in his video. I believe it is an excellent
thought, and that’s making these high 5 movies on YouTube. And that is content material that
folks completely love. There are such a lot of variations
of this sorts of channels. One of many extra widespread
ones is named Darkish 5. They’ve nearly
2.2 million subscribers. And all they do is make
these high 5 movies on these completely different curiosity subjects. In order you possibly can see right here, 5
mysterious images from Mars, the 5 strangest
images of World Warfare Two, the 5 most secret navy plane. In order that they’re making these movies
which might be very fascinating. They’ve catchy thumbnails,
and so they get folks to click on on them and watch
them extra importantly. Now the movies themselves
as you possibly can see right here should not very lengthy. Six minutes, 5 minutes,
5 minutes, 4 minutes. So these are very quick movies
and so they actually do not take that a lot time to create. In the event you watch these movies,
there’s restricted modifying happening right here and there’s a narration however we will get to that in a while since you really do not must file that narration
your self when you do not wish to. However what you are doing is
in search of movies like this, the place’s there’s already
curiosity on this subject or demand for it, and
making your individual model of those movies. However now you is perhaps asking your self, wait a second, I haven’t got any movies of World Warfare Two, or
secret navy aircrafts. That’s the place Inventive Commons is available in. Inventive Commons is principally a manner the place folks can share movies, or images, or issues on line, and so they enable it for use by the neighborhood. So you should utilize it in some
instances for private use, or any type of business use. And so that you’re allowed to make use of that content material, after which use it elsewhere, with or with out making adjustments and it lets you
monetize that content material. So that you wish to make sure that if
you’re following this technique to make use of Inventive Commons movies solely, in any other case you possibly can attainable get a copyright strike in your channel. And it principally comes
down as to if or not what you’re doing with that content material is taken into account to be truthful use. It isn’t an space you wish to be in. These authorized battles over truthful
use might be very costly and time consuming, and there is not likely a set guideline on it. So that you’re gonna wish to hold
your self out of bother. Both use Inventive Commons movies, or attain out to the proprietor of that video and explicitly ask for
permission to make use of it in one among these high 5 movies. However YouTube makes it very
simple to do that right here. For instance, for instance, you
had been going to do a video referred to as high 5
unexplained space 51 movies. Space 51 clearly being this secret navy base or one thing. There’s numerous curiosity in on YouTube. So as an instance we sort in space 51, and we’ll see what comes up. And as you possibly can see, there
are some movies proper right here. Disturbing video space 51 was revealed, what occurs when you
by chance enter space 51. So all these movies are getting
a good quantity of use right here. These YouTubers disappeared after being held at
space 51, 500,000 views. So there’s numerous curiosity on this. Here is a space 51 documentary
that bought 325,000 views. However what you are able to do right here is
you go to the filter button after which you are going to
click on on Inventive Commons underneath options, and that is
going to be solely be exhibiting you movies which might be listed
underneath Inventive Commons that you’d be allowed
to make use of in your individual video. And as you possibly can see, there
are numerous movies right here to probably select
from when you’re seeking to seize completely different clips
and completely different movies for this space 51 compilation
that you just’re doing. And now clearly you possibly can
choose any area of interest on the market for these high 5 movies. You would do a high 5 quickest vehicles, high 5, no matter you wish to do, high 5 funniest movies. The primary factor is,
use Inventive Commons movies, or explicitly ask for
permission to make use of that content material. However as an instance now for instance,
you are trying to boost your high 5 video and also you
wish to add a narration to it however you do not really wish to
file a narration your self. That’s the place you possibly can bounce over to fiverr. And on fiverr, you possibly can
actually simply pay folks to file a narration for you. So, I’ve by no means used any of those folks, I’ve by no means had a narration recorded as a result of I am superb with doing it myself. However when you’re trying
to principally automate this whole course of,
not use your individual voice, not use your individual movies,
you possibly can go on fiverr lookup narration right here and let’s simply choose some random individual right here. So this one right here they’ve over 1600 opinions right here for 5 stars, so I am certain it is a very
good high quality narration. And as you possibly can see right here, primarily based on what number of phrases you are in search of it’ll be a set fee. So as an instance for a video,
it’ll be 500 phrases. That is going to value you $60. And so long as you make
greater than that in advert income, that will be one thing the place
you are really earning money. Now it is gonna take some time
to construct any YouTube channel, whether or not it is a fan web page,
whether or not it is a YouTube channel you’re doing your self,
or whether or not it is one among these high 5 model YouTube channels. So that you undoubtedly need
to be affected person with it. And I’d say give it
a minimum of six months of trustworthy arduous work and
effort earlier than you start to say “okay, is that this actually
going to work for me”? As a result of it took me on my
channel about six months to get 10,000 subscribers, and
seven weeks simply to get 100. So it is gonna be gradual at first, however this can be a very fascinating method to start earning money on YouTube with out having to make movies your self or you realize doing any type of recording. You may simply use what’s already
accessible on the market on line. After which clearly for
those that should not acquainted, the way in which you’re going
to earn a living with that is to run adverts in your YouTube channel, and earlier than folks watch that video, after they view the adverts or click on on them, you are going to receives a commission by Google. And you may make cash
together with your YouTube channel. However in any case guys, that is
going to wrap up this video. I hope you loved it. Let me know within the feedback part under what you consider this technique. In the event you’re already following it your self, let me know the way it’s going for you. However thanks a lot for watching and I’ll see you within the subsequent video.

5 Simple Steps To DOUBLE Your Productiveness ⏰

how they are going at the moment guys welcome again to the channel hope you are having an ideal day up to now so on this video right here we’re gonna be speaking about productiveness and what I need to share with you guys are the 5 easy steps that I’ve taken and applied in my very own life to just about double my productiveness I am gonna share with you guys precisely what these are however extra importantly I need to discuss what can occur if you end up not working as productively as potential and actually what occurred for me was I used to work you understand a conventional nine-to-five job and you’d purposefully be losing time all through the day whether or not it is going by way of emails again and again or socializing with individuals and what occurs to lots of people as we develop these actually dangerous habits after which as soon as we’re working for ourselves we nonetheless have numerous these time losing habits as a result of whenever you’re working for anyone else oftentimes what you are doing is you are working the clock or trying on the time and attempting to cross the time as a result of perhaps you do not have that a lot to do and perhaps you are stretching out a few of your duties you are doing every day however whenever you’re really working for your self the one time you are getting paid is whenever you’re really producing on the finish of the day and if you happen to’re not working as effectively as potential in losing time it is going to be costing you cash and one thing else I discovered in addition to that after I’m not working as productively as potential I discover it is really exhausting to be current with different individuals as a result of I am consistently fascinated with my work I really feel overwhelmed I really feel distracted and it is not likely a great combine for me and one of many issues I’ve fallen into prior to now is just working for the sake of working which isn’t actually understanding what to do together with your time so that you simply spend time working and all of this stuff can occur if you’re not working as productively as potential and that is one thing that numerous entrepreneurs fall into as properly and that’s when you do not actually know what to do together with your time so that you simply work as a lot as potential and perhaps stretch out duties or do issues repeatedly for no obvious cause and so if you happen to discover that you simply’re doing any of this stuff that I’ve talked about I’d extremely advocate eliminating these dangerous behaviors early on earlier than they flip into habits after which ultimately they’ll be killing your productiveness however listed here are the 5 easy steps I’ve taken to just about double my productiveness and so much them must do together with your cellphone okay primary is to show off all app notifications app notifications are the most important time waster on the market whether or not you are getting notifications about information articles or push notifications from the sport you are taking part in in your telephone which if you happen to’re attempting to extend your productiveness that sport must be uninstalled in any case however all these notifications that you’re getting are simply fixed distractions particularly if in case you have ringers on now I hold my telephone on silent always and I examine my telephone when it is handy for me and the one two apps that I get notifications from our messenger and telephone so if anyone actually must come up with me they’re going to name me or textual content me however even then I hold my ringer off always some individuals will not be a fan of that however that’s how I function and that’s what permits me to be as productive as potential as I’ll solely examine my telephone at set occasions and that is going to be quantity two the second thought right here to extend your productiveness is flip off your ringer flip off all alerts out of your cellphone you may placed on emergency numbers the place you understand if anyone calls you they’ll undergo and so they’re gonna get a ringer you may flip off the notifications for everybody else and that is going to noticeably enhance your productiveness since you’re not going to have all these fixed interruptions and you are not going to have all these totally different notifications all through the day when individuals are texting you or calling you and what you are going to do is you are gonna begin off by checking your telephone each 15 minutes and I do know that you simply’re saying that sounds simple but it surely’s actually so much simpler stated than completed as a result of numerous us are so hooked on the fixed stimulus of selecting up our telephone and getting these notifications so that you begin off with the 15-minute rule which implies you solely examine your telephone each 15 minutes after which when you’re in a position to try this you scale as much as 30 minutes and ultimately to the purpose the place you are solely checking your telephone each hour and that tends to be the place I fall I am both between the 30 minutes to at least one hour rule there I am solely checking my telephone each 30 minutes or one hour which remains to be fairly a bit there’s not a lot that comes up each single day in reality I am unable to actually consider something that comes up that wants my fast consideration the place I am checking my telephone each 30 minutes or each hour the explanation behind these two issues between turning off the notifications in your telephone in addition to not your telephone on a regular basis is as a result of each time that you simply distract your self out of your work it is gonna take you a few minutes to focus again in on what it’s that you’re doing one of many initiatives I am engaged on now could be a writing undertaking and it actually requires me to focus in on my concepts and know what precisely is occurring and be centered in on one process and I discover that if I take a break from this and go on my telephone to take a look at textual content messages or no matter it’s that is on my telephone after I come again to my writing I don’t know the place I left off and I find yourself studying by way of the final two paragraphs simply to recollect the place I used to be so each single time that I distract myself and take a look at my telephone I’ve to take you understand three to 5 minutes to determine the place I used to be and proceed working so if you happen to’re doing this a number of occasions a day this could possibly be an enormous productiveness killer for you okay the third thought right here or technique I observe to spice up productiveness is to keep away from the time vampires on the market and one of many essential ones is these nonsense conferences or nonsense telephone calls that go on all through the day or all through the week now if you happen to’re ready the place you may set your personal telephone calls and conferences that’s nice however if you happen to work for anyone and so they power you to go and attend these conferences there’s not likely a lot you are able to do about that however if you happen to’re anyone who does telephone calls and conferences regularly and you have been in a scenario the place you get caught on the telephone with anyone for 30 minutes or an hour or an hour and a half and also you simply cannot get them off the telephone I’ve a quite simple resolution for you guys earlier than you get on the telephone with anyone you need to set a transparent agenda about what it’s that you will be speaking about and second of all you need to set a transparent timeline for a way lengthy you are going to be on the telephone and one of many best methods you are able to do that is to easily say to anyone hey I’ve one other appointment at two o’clock so I can speak to you from 1:30 to 2:00 and though you do not actually have an appointment by the point 1:55 rolls round you can begin wrapping issues up and getting that particular person off the telephone and I do know that since you’re watching this video you are involved in being extra productive together with your time however most individuals are usually not most individuals want to manner time they’re trying to cross the time you understand shoot the if you’ll no matter you need to name it and if you happen to’re anyone who’s attempting to most effectively use your time that is going to be extraordinarily annoying and detrimental to you with the ability to be extra productive so it’s important to have this technique in place when coping with these time vampires you understand leaping on the telephone for these nonsense telephone calls or having all these ineffective conferences and in addition one other factor so as to add to that is decide whether or not or not a telephone name even needs to be made or a gathering needs to be made perhaps you do not even must do a telephone name you may resolve this or talk about one thing over electronic mail and perhaps as an alternative of assembly somebody in particular person you merely simply have a telephone name as an alternative okay technique quantity 4 right here for rising your productiveness has to do with this man proper right here and specifically it’s your electronic mail that is one other space the place individuals are simply killing their productiveness as a result of they’re consistently checking their emails in some instances similar to their telephones each 5 or ten minutes and a few individuals even have the dings on their pc after they get an electronic mail and I am similar to why are you consistently distracting your self with all these new notifications and emails I do not know why everyone believes that we have now to be immediately related and immediately reply to every little thing that comes our manner and one thing else that you’re going to discover is whenever you aren’t responding to textual content messages each 5 minutes and are not responding to emails each 5 minutes you are going to magically begin getting much less emails and fewer textual content messages from individuals as a result of individuals are going to understand that you’re not trying to waste your time and perhaps one in every of your folks goes to be texting you to shoot the however whenever you’re not responding to him instantly he’ll get uninterested in that and discover anyone else to hassle so by delaying responding to your messages and emails you are going to discover you are gonna get so much much less of those nonsense messages within the first place so that you primarily need to take the identical technique we talked about right here to your telephone and apply that to your inbox begin out by checking your electronic mail 3 times a day perhaps it is 9:00 a.m. 12:00 p.m. and three:00 p.m. after which ultimately examine it two occasions a day after which ultimately perhaps you simply examine your electronic mail as soon as a day within the morning after which you do not open it up repeatedly these are issues which might be simpler stated than completed as a result of what you could discover is whenever you run out of issues to do you begin looking for different duties to do I am significantly a sufferer of this the place each time I haven’t got something to do or I am engaged on at that particular time I will begin on the lookout for one thing I will begin on the lookout for emails or textual content messages or going by way of my social media and at a sure level it’s important to notice that is simply killing your productiveness and also you should not simply go digging for one thing else to do you must lay out your duties for that day full these duties and whenever you’re completed you are completed working and once more clearly if you happen to’re working for anyone else you’re caught working their schedule and if they need you to sit down at your desk and look busy that’s completely as much as them and sadly you don’t have any energy over that however if you happen to’re working for your self these are significantly going that can assist you by way of your productiveness and electronic mail is a large killer after which quantity 5 my fifth tip for productiveness right here is one thing that I name the five-minute rule now I did not make this up myself I’ve heard this from quite a few totally different individuals but it surely’s a quite simple idea if one thing comes up all through your day and it is going to take you lower than 5 minutes to finish that process you may as properly simply do it now and this primarily eliminates procrastination so if you happen to discover out oh I acquired to ship an electronic mail to anyone fairly than writing that all the way down to do it later simply care for it now and if this process is gonna take you greater than 5 minutes properly then that’s one thing you may need to block out a while for afterward however one other enormous productiveness killer for individuals is procrastination and considering of one thing oh I acquired to try this let me put it off until later after which later comes oh I nonetheless have to try this I will put it off to tomorrow not solely is that killing your productiveness it is all so significantly rising your stress degree and since I applied this five-minute rule I discovered that every one of those little issues that I must do all through the day numerous them have simply disappeared as a result of I’ve accomplished them and so they’re not you understand build up over the times or over the weeks and as quickly as one thing comes up that I’ve to do I simply go forward and do it and if it is gonna take me greater than 5 minutes I’ll funds time to try this within the following day or at another cut-off date however in any case guys that is gonna wrap up this video these are my 5 methods to double your productiveness let me know what you suppose down within the feedback part beneath I am curious if you happen to guys have all these methods or if in case you have some other concepts to you understand increase your productiveness however thanks guys a lot for watching I hope you loved it and I’ll see you within the subsequent video

How To Build Passive Earnings vs. Leveraged Earnings (With Dan Lok)

– How’s it going today, guys?
Welcome back to the channel.
So, I’m here once again with Dan Lok.
If you guys missed the
earlier videos we did,
we did a video talking about Dan’s story,
and I’m gonna link that up
in the description below.
It’s a really good video that
you guys should check out.
But what I want to talk
about in this video
here is passive income.
It’s a very seductive topic, I think.
Before we do that, I wanna
do a poll with you guys.
We’re gonna have something
pop up in the corner there.
Are you earning passive income?
It’s a yes, no.
I’m just curious how many people are
actually earning it at this point in time,
because it’s like,
everyone’s interested in it.
And I think there’s a
truth behind passive income
that a lot of people don’t see,
and I’d love to hear what
you think about that.
– I think first, when I first thought
about the concept of passive income,
it was from like different
financial books, right?
And they talk about, oh, you want to
have money work for you,
have enough passive income
coming in, so you could sit
in a beach and do nothing.
– Sip drinks all day.
– Sip drinks all day, and that’s actually
what I was chasing for.
I thought I’ll make enough money I could
not have to do anything, I would retire.
That’s where the younger
Dan Lok believed in.
Now I’m living more, little bit older,
little bit more mature.
I have a very different
take on passive income.
I think it’s actually
a little bit of a myth,
and I’ll explain why.
Because at the time, I built
all these internet businesses.
Like an example, like an ebook, right?
Selling on ClickBank.
I was always running
it on Google Ad Boards.
And I was making like
massive passive income.
Every month, (mumbles) do
anything, just money comes in.
ClickBang sends me a check.
That’s all good.
– True.
– Here’s what I’ve learned,
just because it’s passive,
doesn’t mean it’s permanent.
So, just because something
is passive today,
doesn’t mean it’s passive tomorrow.
So, your whole dream of,
like say it and forget it.
– And 20 years later
it’s still sending you check.
– In 20 years, it’s still
sending you money.
That doesn’t work.
Okay, that’s what I’ve learned,
one thing I’ve learned.
The second thing is that the whole idea
of passive income is very seductive,
but it gives, it sets
the wrong expectation.
Because the word passive,
if you think about it,
it implies something for nothing.
– Sure.
– It implies, how can I do the minimum
amount of work to get the
maximum result and benefit?
If you think about the word passive,
think about any other areas of your life.
Imagine you want to have
passive health, right?
You know, I want to have passive health.
I’m not, I’m gonna do minimum.
I’m not gonna work out.
I’m not gonna watch my diet.
I’m gonna eat whatever
the hell I want, right?
You’re not gonna be very healthy.
Imagine you go back to your wife
and say, you know what, honey?
From now, I just want to
have a passive relationship.
I’m just gonna have some passive sex.
You’re gonna do all the work,
I’m not gonna do anything.
How long will the relationship last?
– Right.
– Not very long.
Business is the same thing.
Business requires a tremendous amount
of focus, tenacity, and effort.
So, instead of thinking
about how can I do the least,
instead, a much healthier
way to look at it is
I believe it’s leveraging them.
So, you’re leveraging
people, system, technology
to go to that next level, good.
Looking for leverage,
that’s working smart.
That’s great.
But you’re not looking
to, to get to place where,
I don’t think it’s healthy where,
cause that’s where I was.
I was working very, very hard
building something that I
actually don’t care about.
I’m selling stuff on ClickBank, all that.
I don’t care about those products.
– And that wasn’t passion driven.
– It wasn’t passion.
I don’t, the customer is just like
a digital credit card.
I don’t know who that person is.
So, I do all of that, so that I could
get to a place, so I can escape from that,
if that makes sense.
– Yeah, you’re trying to get away from it.
The business you’re creating.
– So, I’m building something
I want to get away from.
– Right.
– That doesn’t make sense.
So, it’s like I’m building a house,
so I could leave the house.
– Run away from it.
Never look at it again.
– You run away from it.
Instead of, why don’t I build something
that I love, that I enjoy,
that I want to be in it.
Why not serve people that I want to serve.
Hang out with people I
want to hang out with.
I think that’s what life is about, right?
But I didn’t know, I wasn’t,
I wasn’t mature enough to know that.
So, you look at the passive income.
I want you to think about the top,
let’s say, the Forbes 500.
You look at some of the most successful
people in the world,
financially successful.
Watch their interviews on YouTube.
Watch their interactions.
You notice, they don’t use
the word passive income.
You don’t see Steve Jobs saying,
hey, I wanna make some passive income.
You don’t see Warren Buffet saying
I want to make some passive income.
You don’t see Elon Musk saying I
wanna make some passive income.
It’s not in their vocabulary.
It is not in their, think about it.
If it is so good, why do
the most successful people
in the world don’t use that?
And all of them have made
enough money to retire.
All of them.
They could stop working, they would not
be able to spend the money they made.
– Yeah, I mean I don’t
think that Jeff Bezos
has to go to work tomorrow
for the money, you know.
– But why do they work?
And chances are, they actually
working harder than ever.
Because their not working
for money anymore,
their working for purpose, the mission,
whatever drives them.
Same thing with me.
I made my first million at the age of 27.
Multimillion by the age of 30.
I could’ve retired long time ago.
– Sure.
– But what drives me is not that anymore.
I have retired.
Think about it, why do
people want to retire?
What do they want to do?
– I think usually it’s, retirement,
the idea of wanting to retire
is having control of your time.
– Yes, so you can
do whatever the hell you want.
– You can do whatever you
want on your own terms.
– Right.
– Live on your own terms.
– So you wanna go
fishing, then go fishing.
You want to go golfing, go golfing.
You wanna enjoy life, you can travel
with your loved one, that’s most people’s
idea of retirement.
If I’m already doing what I love,
I’m doing what I do day to day,
if I was to retire,
this is what I wanna do.
– Right.
– It doesn’t mean doing nothing,
cause, trust me, doing
nothing drives you crazy.
I did that.
27 years old, I retired–
– You sat on a beach, right, for a month?
– I sat on a beach for first month.
Retire first month, English
Bay, just right there.
English Bay, right?
One month.
I got like suntan and
sunburn and shit like that.
Bored out of my mind.
The first day, you’re looking
on a beach, it’s good.
The second day, you’re
like this is stupid.
This is like, what the
hell is this, right?
I’m like watching people cycling,
all that lazy shit, like
what the hell is this?
Then the second month, I went to
a different mode, which I
thought I’ll watch movies.
So, at the time I was
renting like movies, DVDs.
And I watched five, six movies everyday.
Let me tell you–
– You just sit and watch movies all day?
– All day.
I’ll tell you, I love movies, but you
watch five, six movies a day,
you don’t like movies so much anymore.
I did that for a month.
I said this is dumbest idea.
Cause as an entrepreneur,
you go, go, you create stuff.
That’s what we do, we are creators.
We are innovators.
We wanna do shit.
We wanna get shit done.
Now, you’re like, I got nothing to do.
– Right.
– This is dumb.
This is dumb shit.
So then, and then after that, okay,
this doesn’t work, I need to go get back
into creation mode.
I need to exercise my
talent, my creativity.
I need to do something.
I need to make something.
I need to build something, right?
But now you’re coming
from a different place.
You’re coming from not
from places to make money.
So, I have retire, right?
But not away from stuff,
I retired to my business.
– Right.
– This is what I like to do.
I can tell you right now, people ask me,
they ask me the question.
From then, let’s say today, you give
me ten times more money,
I would be doing roughly the same thing.
No doubt in my mind.
I know, because I have
ten times more money
than what I had before.
If you ask me, I make
100 times more money,
I would pretty much doing the same thing.
– You’re doing the same thing.
– Then I’m already
doing what I want to do.
So, the money is a
byproduct of your impact,
the value created in the market place,
but I like what I do.
I like the people I work with.
I love my team.
We hang out.
We travel.
I love the students, people that I serve.
Meeting new people.
This is cool.
I want to travel, I could travel.
I was in Japan for a
month, I could travel.
But once, it’s funny,
once you have the means
to do so, actually it
becomes less interesting.
– It’s kinda probably
like when you’re younger,
and you think I want all this,
it’s so warm,
– I want to buy
the Lamborghinis.
– and you might go to parties,
or you know.
– I bought that already.
Once you can get it, it’s
like, you know, it’s a car.
– Yeah.
– It’s like it’s so interesting
when you don’t have
it, you really want it,
but when you can get it,
in time, it loses appeal.
It’s like, okay, that’s
fine, like it’s what’s
the big deal, you got a nice watch,
you got two nice watches,
you got five nice watches.
That doesn’t drive you anymore,
because you don’t need those things.
I’m not saying don’t get nice things.
I like nice things.
But those things, you’re not buying them
for approval, you’re not
buying them for validation.
You’re not buying them
because, hey, let me show you,
let me prove to you how cool I am.
Let me prove you wrong.
Let me show you I’m smarter than you.
It’s not that. It’s
just, hey, you know what,
I buy cause I enjoy, that’s fine.
But you’re not buying it to impress.
You don’t care.
I really don’t care. I’m not
buying, so I wanna impress.
I don’t need to impress
nobody, I don’t care.
That’s the difference.
That’s really the difference.
So, goes back to passive income.
Don’t aim for passive income.
Aim for leverage income.
I think that’s very smart.
Aim for more meaning.
Why not build something, do something
that you like, you
enjoy, you’re passionate.
Combine your purpose with the passion,
and then with your profit.
I think that, that’s the way to go.
Then it doesn’t get bored,
you’re doing what you love.
And guess what, if it’s your purpose
and you’re passionate about it,
it’s easy to make a profit.
– Definitely, yeah.
– Money comes to you.
Money is so easy.
– And the one thing that I want to share
on that, too, as far as
my perspective on this
is I think that your goal, like we said,
the number one goal for
people who want to retire
is simply to have control
of their time and freedom,
why not just build a business that
integrates with your life?
– Integrates with your life.
– So, if you want to travel,
I mean, there’s laptop lifestyle,
the nomadic lifestyle is a huge thing now,
people who literally work from a laptop
anywhere in the world.
So, rather than making it
your goal to do nothing,
just make it your goal to integrate
what you want to do with your work.
– Yes, you think about
it, it makes no sense.
You do something you hate,
that’s what we’re taught.
You do something until
you’re 65 years old.
– For 45 years, and then you’re last 20.
– Invest their money and then build a 41K,
whatever it is, and
65, when you’re so old,
then you can enjoy life just a little bit,
before you go to senior homes, right?
Just think about that, it makes no sense.
Versus, think of why and
what you’re doing, right?
You have your YouTube channel.
You are traveling.
You coming to Vancouver.
We’re doing business, we’re doing filming.
It’s all very integrated.
You’re doing it as already, it’s like
make that a part of your life.
Versus, no, I’m gonna do something I hate,
then, for the whole year,
but two weeks in a year,
finally, I get some breathing room.
I can go to somewhere that I like.
Then, I go back to my job,
dealing with people I hate,
dealing with a boss that I hate,
dealing with my idiot coworkers.
That’s how people live.
– It’s just a bad model.
– It’s a bad model, right?
And that’s why people depressed.
That’s exactly why people are depressed.
No, just integrate it.
I believe total integration.
Everything I do is an
extension of what I do.
And that’s what makes it unique.
This is fun, I don’t feel,
like to me, if just sit
here do here do nothing,
that drives me crazy, I can’t do that.
– Yeah, I completely agree with that.
Well, Dan, thank you so much for sharing
your perspective on this.
I think it’s good to have realistic goals
in mind with looking at passive income
and having that idea
of I wanna do something
that I can get away from,
that’s just huge to me, too.
Cause so many people are
building these businesses,
and they want to have everyone doing,
I mean it’s one thing
to give other people,
to delegate and use leverage,
but if you’re goal is to do nothing
with that business, then
you’re in the wrong business.
– Why build something you
don’t give a shit about?
Why not build something
you do give a shit about
and make more money?
– Well, anyways, guys, that’s
going to wrap up this video.
I have a bunch of other videos
I’ve done here with Dan,
but we also have put together
a private masterclass.
It is a free masterclass.
It’s gonna be the top link
in the description below.
Highly recommend you guys check that out,
especially if you watched the
video up until this point,
I think you’re at least
remotely interested
in this topic of passive income
and kind of everything we’ve talked about,
but Dan, thank you so
much for taking the time.
– Welcome.
– Certainly appreciate
it, and I would tell you
to check out his channel out,
but he already has a million subscribers,
so you probably already know who he is,
but his will be linked up in
the description below as well.
Thanks, guys.

Incomes $100 vs $1,000 A Day At 23! (Worker vs Entrepreneur)

– How’s it going as we speak guys,
welcome again to the channel. I hope you are having a fantastic day to date. On this video as we speak we’re gonna be speaking concerning the variations between making $100 a day versus $1000 per day. To preface this, I used to make about $100 per day at my outdated job. I stop that job just a little bit
over a 12 months and a half in the past, arising on two years really
in a pair months right here. And I’ve now scaled my
on-line enterprise to the purpose that I am making $1000
per day from my enterprise. And that is form of what I wish to do right here is examine the distinction
between what I used to be doing to make about $100 a day
to what I am doing now that is permitting me to earn
10 instances that in a given day. Initially, let’s begin off with the $100 per day, my outdated job. Just a little over two years in the past I used to be working for the native energy utility. I used to be a overdue invoice collector. So, actually, I’d
go to individuals’s doorways, knock on their door, and acquire the cash from them that they owed on their invoice, or I’d be shutting off their energy. Horrible job, completely
hated it, extraordinarily harmful and aggravating, nevertheless it
really paid respectable cash. I made 27.20 per hour,
which is about just a little underneath 57,000 per 12 months, which
comes out to 155 a day. So just a little nearer to 200 than 100, however I just like the catchy title of 100 versus 1000, so we’ll
name that $100 a day. We’ll simply spherical it means down. However, anyhow, that’s what I used to be doing. I used to be working for the
energy utility making 155 per day doing this actually shitty job. Now, whereas I used to be working there I made a decision to start out this YouTube channel on the facet, the place I started educating
individuals about investing, on the inventory market, monetary training, every kind of various subjects. And I started making very small quantities of cash with this channel. So, October 2016 is after I began this. After which by January of 2017, that might be about three months later, I used to be making about $1 per day, $30 a
month from my channel, which even then I believed
that was fairly cool. By June of 2017 I used to be at
the $33 a day mark making about $1000 per thirty days from my channel. And I made this loopy
choice at that time limit to stop this factor I used to be doing that was making me 155
a day, and as an alternative work for $33 a day constructing
up this YouTube channel. So it was a loopy choice, it wasn’t a very talked-about choice
amongst my family and friends. However, nonetheless, that’s what I did. And from June of 2017 to January of 2019 I’ve scaled this up from
33 a day to $1000 per day. I am probably not going to
break down the earnings streams on this video, however I am
gonna level you guys in direction of a video I did on my
5 completely different earnings streams. It is gonna be linked up down
within the description under, in case you’re curious, you recognize,
how a lot cash I am making and the place it is coming from,
extra particulars in that video. However now what I wish to discuss is the 5 greatest
variations between working for about $100 a day versus
working for $1000 per day. Primary, let’s discuss how a lot time I used to be spending really working. So, on this job that I had as a overdue invoice collector I labored 40 hours per week. I additionally needed to work by way of
my lunches, or principally I labored eight and a half
hours a day to compensate for my lunch, so add
one other two and a half hours per week to consider my lunch. And I had a few 45
minute commute every means. So seven and a half
hours per week of commuting means a complete of 50 hours per week. I used to be spending 50 hours
between my work time, my lunch, in addition to my commute. And I’d continuously
simply work by way of my lunch as a result of I did not wish to sit in my automotive for half an hour staring
at myself within the mirror. So I used to be like I would as nicely simply work simply to cross the time. I labored Monday by way of
Friday 7:00 am to three:30 pm. And one of many greatest
variations between what I do now could be that I didn’t take into consideration
work the minute I left my job. So Monday by way of Friday
as quickly because it was 3:30 I used to be within the parking
lot, I used to be out the door, and I didn’t take into consideration
work till the subsequent day after I bought there at 7:00 within the morning. And on weekends, once more, I had no thought, no care on the planet about work. I may simply give attention to no matter
I needed to on the time. Now, quick ahead to what I am doing now. I am working about 4 to 5 hours per day seven days per week. Now, do I’ve to work each single day? I haven’t got to work day by day, however that is the schedule that I favor. I prefer to do some bit every day. In the event you common that out it is
about 28 to 35 hours per week. So I am not working 10
instances tougher to be making, you recognize, 10 instances more cash. I am working, really, much less
hours, however the massive distinction is I am extraordinarily productive
throughout these hours. You understand, I am not goofing off
or sitting there on my cellphone. As a result of on the finish of the day if I am not producing I am not making any cash. Some individuals thrive on this atmosphere, and different individuals completely, you recognize, this atmosphere is simply not for them. They are not good at managing themselves and being self-motivated. However that is without doubt one of the variations right here, is the truth that I’m at all times
occupied with my work. As a result of I am continuously wanting
for inspiration for my movies and completely different subjects I
can cowl on the channel. So I am continuously studying
books, watching different individuals’s content material on-line, occupied with movies. So I am at all times occupied with what it’s I will be doing subsequent. And that is one of many massive variations between the job I had and this
enterprise, is you are at all times form of occupied with
issues and new concepts. However the factor is I like what I do, so I actually do not thoughts it in any respect. However that is without doubt one of the issues that individuals have the luxurious of with
a job is you usually don’t take into consideration that job
once you’re not at work. The second massive distinction
is that with that job as a overdue invoice collector
I used to be making lively earnings, also called exchanging
my time for cash. So, I made $27.20 per hour. I used to be required to work 40 hours per week. Typically I may work
extra and make just a little little bit of additional time, however the one means
that I may earn more money was to trade extra of my time. And that is only a dangerous
mannequin on the finish of the day when it’s important to work extra
hours to make more cash. And it was not a enterprise
mannequin that I used to be essentially a fan of, therefore, why I started
exploring different avenues. Now, the distinction between
this and what I am doing now could be that almost all of
the earnings I am making from my enterprise is what
is named passive earnings. It is earnings derived from my previous efforts, my previous YouTube movies, or
blogs I’ve created, or content material that I’ve on the market on
Instagram, or different avenues. It is all of this stuff
I’ve finished up to now which might be nonetheless paying me cash as we speak. So I am not being paid based mostly on my time. I am being paid based mostly on the
talent, what I am really doing, in addition to the programs
that I’ve in place. And there is a massive distinction
between being paid to your time versus
being paid to your expertise and what you are capable of really create. Okay, the third massive distinction
between making $100 a day and making $1000 a day is
the very fact of the placement. Once I was working this outdated job as a overdue invoice collector I’d hit about 20 or 30 homes a day,
or companies, no matter it was. And I needed to be at work to make cash. I could not go to Thailand, after which be a overdue invoice collector
as a result of I needed to presently be there shutting off individuals’s
meters or accumulating cash. And that was one of many
issues I hated probably the most about this job is there was no means for me to take a step again and
work location-independent. So after I was exploring other ways of earning profits exterior of this job that was one among my primary objectives is one thing that was
location-independent, the flexibility to work wherever
on the planet that you just wish to. And that’s after I stumbled
upon on-line companies. As a result of what you are wanting
at here’s a enterprise. You understand, you are able to do so many alternative issues simply out of your laptop computer. And you may be doing this at a Starbucks. You may be doing this at your home. You may be doing it in mattress. It’s completely location-independent. And that’s one thing that you just’re not usually going to see with jobs. Okay, the fourth greatest distinction between making $100 a
day versus $1000 per day is the truth that after I labored that job I had two weeks
of paid trip per 12 months. I used to be not allowed to take
any extra trip than that. And now that I’ve this
on-line enterprise I’ve created I can take as a lot trip time as I wish to, understanding that no one’s gonna be earning profits
for me whereas I am gone. Sure, I will be earning profits
from my previous efforts as a result of I’ve constructed a passive
earnings enterprise for myself. But when I simply stopped working, finally the cash would dry up. So I do not take any loopy
quantities of trip. However what I do is I combine
trip with my enterprise. As a result of, actually, like I
stated my enterprise is a laptop computer. So if I determine I wish to go on a trip what I’ll do is I’ll schedule a few YouTube movies
to go up whereas I am away. I am going to write a few
blogs whereas I am on trip. And I am going to reply to emails
and feedback within the morning. So I am not essentially taking
a break from every part. However I am going to sit down within the morning, and I am going to do my most essential
duties for one to 2 hours. And it nonetheless appears like a trip as a result of I am placing in a
very small quantity of effort, however I can principally
hold every part operating behind the scenes, have these
movies scheduled to go up. And it is like I used to be by no means even gone as a result of it is location-independent. I haven’t got to be at
this desk or wherever to be able to be making
cash from this enterprise. So, in case you perceive this easy idea right here of work-life integration you’ll be able to theoretically have limitless trip, paid trip together with your on-line enterprise. That is a complete factor that you just see so much as of late is
that nomadic life-style. There are actually individuals
on the market that simply journey full-time and make cash
with an internet enterprise. They’re actually on a
endless trip. They simply spend a pair hours a day engaged on their on-line enterprise. And it is a very fascinating life-style. Then, quantity 5, the
fifth greatest distinction between making $100 a day and
$1000 per day is my skill to have time freedom
versus that set schedule. One of many issues I hated the
most about this job that I had is that I needed to work 7:00 to
3:30 Monday by way of Friday. If I used to be sick I may use a trip day, or if I had some sick time,
but when not I might higher be there, or I used to be gonna get written
up or one thing like that. It doesn’t matter what, you needed to be
there Monday morning at 7:00. And that sucks as a result of you recognize what, generally I do not wish to be at work at 7:00 within the morning on
a Monday or a Wednesday. And it’s very backwards to
how individuals really perform. Now that I can have the liberty of my time there’s some instances on a Monday that I do not wish to do a rattling factor. And you recognize what, I do not do something. I’ll go loosen up, I am going to play
video video games, I am going to hang around with my cats, you recognize, I am going to
do one thing else completely. However possibly on a Saturday
morning I wish to work for 4 hours as a result of I’ve concepts, and I am motivated to work. And it is such a greater construction to have the ability to have management of your time. However, once more, it is an
atmosphere the place individuals both thrive or it is not for them in any respect. As a result of in case you’re not in a position
to be disciplined with this and truly have time that you just’re working each single week you may discover that every one you wish to do
is be lazy and do nothing. And the subsequent factor you recognize
you are not making any cash. But when you’ll be able to regulate your time, and get issues finished,
and never procrastinate, it may be actually superior
to have that point freedom, the flexibility to work when
you are best, not when your employer is
telling you to try this. Anyhow, guys, that’s just about it. These are the 5 greatest variations between making $100 per day at my outdated job versus making $1000 a day with this on-line enterprise that I’ve created. Now, I simply wish to go
forward and say this guys. I’m not telling you any of this to take a seat right here and brag, and be like, oh, I may go make cash
on a seaside in Thailand. You understand, that is not
the purpose of this video. Why I am sharing this with you guys is to indicate you the way nice
of a enterprise mannequin it’s to have an internet enterprise simply to form of inspire
you to occupied with, you recognize, how will you make
cash exterior of getting a job. As a result of I do know that after I had this job I felt completely trapped in my very own life. I used to be caught on this regimented schedule doing a job that I
hated, going door to door shutting off individuals’s
energy, and it sucked. So I simply wish to present individuals there are different methods on the market of earning profits. You do not essentially should
comply with that conventional path of simply going on the market and getting a job. And the opposite factor I wish to say right here is that I’m 23 years
outdated at this time limit averaging $1000 per day in earnings, that means my wage is
over $300,000 per 12 months. In the event you name it a wage, I
do not take a look at it as that. However there is not any different means as
a 23-year-old that I may very well be sitting right here making $300,000
it doesn’t matter what I am doing. And I went on-line, and
I regarded up some jobs that pay over $300,000
or have the potential to. And on that listing now we have anesthesiologist, a chief govt officer, a lawyer, an orthodontist, or a surgeon. All of these jobs are going
to require eight-plus years of college, $100,000 or extra of debt, except you might have scholarships. And so they’re gonna take years to get there. And consequently it might be, actually, unimaginable to be making
that amount of cash till you are most likely near your 30s. In order a youngster the
solely means you are gonna be making $1000 per day is
with one thing like this, some form of on-line enterprise
or one thing you are creating. There isn’t any doable means
you are going to get a job as a 23-year-old the place
you are making $1000 a day, particularly one that includes all of those completely different parts. So if that is not getting
you guys motivated to get began with
some form of facet hustle or on-line enterprise I
don’t know what is going to. However anyhow, guys, thanks a lot for watching this video,
I hope you loved it. Let me know what you guys assume down within the remark part under. And I additionally wish to level you guys in direction of a weblog article I put
collectively over on my weblog. It talks about 20 completely different
methods to make $100 a day on-line. It is a fantastic place to get began in case you’re motivated by
this and also you wish to find out about some other ways
of earning profits on-line. However thanks guys a lot
for watching this video. I hope you loved it, and I
will see you within the subsequent one.

Dan Lok: Why Most Of us Will NEVER Change into Rich 💸

– How’s it going guys? Welcome back to the channel. So I’m here again with Dan Lok. If you guys have missed out
the other videos we’ve done, there’s all kinds of value there. I’m gonna link up the initial
interview I did with him talking about Dan’s story. But what I want to specifically
ask you in this video, I know I’ve shared my perspective on this. It was actually one of the
most popular videos called Why You Will Never Get Rich, and what I talked about was the whole keeping up with the Jones’
and buying a big house and buying the flashy car, but I wanna hear more
your perspective on that, and why is it that you think most people will never achieve the wealth or the success that they’re
looking for in life? – I think from my perspective, there are a number of reasons. I’ll give you two. You got to understand that
first, for most people, let’s say myself, right, my
dad, kind of middle class, when I was here just with my mom living in a one bedroom apartment, when we are growing up, the
people that you associate with from when you go to school, right, chances are, your parents
are probably not rich, right. And your uncle is not rich. Your aunt is not rich. Your friends are not rich. You grow up in school,
learning from a teacher that is not rich. The tutor that you hire, that’s not rich. So growing up, you do not
have a lot of role model. You don’t know what that is like, beyond what you see on
TV, that’s one issue. – Sure. – And the school system is not designed to make you successful. It’s designed to create workers. It’s designed to create people who work at a job, and
there’s nothing wrong with working at a job, but knowing that the school
system’s not designed for that. And you notice a lot of the
people who do become rich, they may be the entrepreneurs, right. That they are investors. That they build something
outside of the school system. They learn what their craft,
they master their skills outside the school system. That’s one issue. People who want to be quote
on quote become wealthy, they have to look for other ways to learn. It could be learning from a mentor. It could be learning from YouTube. It could be learning from a program. Some other way. Second, I believe the biggest reason why most people have a
problem creating wealth is not what they think about. Is they have a negative
association with money. – I think that’s huge, yeah. – I don’t think they believe in that, but it’s the fact. Now I’ve coached so many students. Because you think about it. Actually, let me give you a scenario. Imagine we are downstairs. We are just walking. And you and I, we’re
walking down the sidewalk and suddenly we hear this Lamborghini. (engine roaring) That just drove by. Most people would hear that. What’s the first thing
that pops into your mind, comment below. – I would love to see what you guys say. Comment below because–
– Comment below. I think it’s gonna be common. – What’s the first thing you think about. Who do you think that person is? What’s the impression that person? Without filter, most people would say, that’s an asshole. That’s an arrogant prick. Probably his dad’s got money. – It seems like everybody
always jumps to that, must be his dad’s money, must be, especially if it’s a young guy, or girl. Young person. You automatically jump to family money. Oh it must be their dad’s car. – This is all negative shit. And there’s never, oh that person must be a very successful entrepreneur who works 20 years to get there. That’s never the answer. It’s always something negative. So when you think about money, think about wealth,
most people, they have, when we’re growing up, money doesn’t grow on tress. Money is the root of all evil. When you have this belief about money, so in one hand imagine you’re driving, you wanna be more successful,
you wanna make more money, you’re stepping on that gas pedal, right. I wanna go faster. I wanna achieve success. But you have this emergency break on which is your negative belief about money that, oh money’s bad,
rich people are greedy, rich people they lie, cheat, and steal. I don’t wanna be one of those people. If I’m successful it
means I’m one of those nasty, evil people. I don’t want to be like that. So guess what, you make sure
you’re not one of those people. What would my family think. One hand, the gas pedal. Then you have emergency break on. That’s why people never create wealth. This actually holds most people back way more than they think. – I think you worry too
about losing friends, losing friendships, your
family not liking you– – What will your family think of you. – Will it change me? And these things have run
through my head too, as well. The right people support you – Most don’t.
– Up until a certain point. Most won’t.
– Most don’t. – Some will support you
up until a certain point but once you past that point, they don’t support you anymore. – They don’t support you anymore. – Whatever it is in them that, they only wanna see you do so well, if they wanna see you do well. – Maybe see you do a little bit better. The reason for that is, let’s
say we’re high school buddies. We hang out, right. I have my job nine to five. I’m making 60K a year. Suddenly, Ryan is starting his business. Now he’s making 10, 20, 30K, 50K a month. You make more in a month
than what I make in a year. Now at first, maybe hey man, good job buddy. Later, I don’t like that so much more because it could be jealousy, could be envious, but
more importantly is this. Every time I see Ryan,
’cause we’re buddies, we’re stuck together. Shit, we went to the same school. Every time I see Ryan it reminds me what a failure I am. Because other people I see on TV, I don’t know those guys, that’s fine. There’s a distance. – So it’s personal. – This, I know Ryan. We grew up together, so
what excuse do I have? So every time I see you it reminds me what a failure that I am. Of course I don’t like that. Of course I don’t. ‘Cause I have nowhere to go. I can only look in the mirror and say, you know what, what’s the
difference between me and him? I chose the wrong path. I made the wrong decision. I didn’t do the right thing. It’s not you, it’s them. That’s the issue. That’s the deep, deep issue. That’s what holds most people back because they think of themselves, they want to be successful and yet they have all these
negative association about what would happen if they have money. What would people think of them? And money is bad and
I’m gonna lose friends. All this stuff, and most
people, they will self sabotage. So sometimes people never make it. You have people who made
it and they lose it. They lose it because they made it, suddenly, oh, everything change. They self sabotage. So they self sabotage their own success so they can get back to, let’s hang out. – Back to people liking–
– Let’s hang out man. Guess what? When you’re back to– – When you’re on the decline, everyone’s a friend.
– Then you say, hey man. It’s okay. Come back to the club. Let’s go get a drink. Damn these guys, right. That’s what happens. – And actually you brought a story to mind from you when we were talking
about that in the beginning. I remember one of my earliest
memories about money, I was talking to my dad
because one of my friends got the new Play Station and I said, I want that new Play Station. And so I asked him, I said, why don’t we have a Play Station? And he was like, well, they’re rich. Their family is rich. And I said, what is rich? And he goes, well rich is
someone who has a lot of money. And so I said to him, well
what’s a lot of money? And he said, well $100,000
is a lot of money. And from that point
forward, my goal was always to make a lot of money, make $100,000. And years later I thought about, imagine if that number had been a million or five million. Sometimes hearing that early
on you set the bar too low. – Yes. – With what you can accomplish. – And then it would affect
the way you make decisions. You’ll be more maybe striving for comfort and security and safety because that’s the 100K, right. Now, maybe sometimes that’s
why your dad said to use 100K. Maybe some parents would
say, oh we can’t afford it. – Sure. – What do you think,
we’re made out of money? You hear these things all the time. So as a young kid you
hear we can’t afford it, so what happens is when you grow up, everything you look at
like I can’t afford it. Even though maybe you could afford it but doesn’t matter. We can’t afford, we can’t do this. It’s wasteful. No, you don’t travel business
class or first, economy. It’s stupid. I hear this all the time. It’s on the same plane. You get there the same time. Why you pay two, three times more money? You have this kind of programming and you always believe, it’s okay, it’s the back of the plane. I hear this all the
time from broke people. Hey you know what, if the plane crash, front of plane, back of
the plane, you both die. – Justifiers. – That’s like, what the hell is that? And I tell people, if
you ever go first class or business class, you know what I mean. You don’t wanna go back
to the back of the plane, trust me on that. People think, oh yeah taxi is fine. Limousine and a taxi, you
sit in a limousine once, you don’t wanna go back to a taxi. Albert Einstein said it best. Once a mind is expanded, it never retracts to its original state. I believe once a wallet expanded, it never retracts to original state. Once you made certain amount of money, let’s say you’re hitting
that 10,000, 20,000, you will do everything you could to sustain that.
– Sure. – Rarely you see people
making let’s say 10,000. That 10,000 is the magic mark. I don’t know why. People making two, three,
five, six thousand, ups and downs, but people hit 10,000, rarely they go back to making
like two, three thousand. – That’s interesting. I think I’ve seen that too with people. – 10,000.
– That’s the marker. – 100K is the first mark. A million is the second. People, once they know
how to make a million, they tend to stay, they
know how to make a million. But then it’s how do you get to that five, eight figure mark.
– Eight figure mark. – Eight, nine, and then from there on. – That becomes the new comfort. So it’s like, if you’re watching this, imagine you are making 5,000 a month. And I ask you, do you want next month I don’t want you to make five K. I want you to make three K. I want you to do your
best to make three K. You’re like, Dan, what the
hell are you talking about? I cannot make three K. I need to make five K. When there’s a new comfort, you actually need to work extra hard to go down to make less. What you wanna do, you
need to increase this. So that your comfort, it’s
always higher and higher. Make 10K your new comfort. Make 20K your new comfort. Then it doesn’t go down. But the problem is, you trying
to do all the strategies, watch video to increase that comfort, that’s not how you increase the comfort. It’s this. Once you improve your
mental comfort with money, then everything works. Everybody says threshold. – The ceiling, the glass ceiling. Whatever you wanna call it. I’ve experienced the same thing myself. – And you don’t get there with just 100K. Now think about, back then
when you were getting started, how much you were making? Base, bare minimum. – The first money I
ever made out of school, it was actually pretty good. I made like $5,000 a month. So for a 20 year old, that wasn’t bad. – That’s pretty good, right. 5,000, and now you make multiple of that. Compared to the work, do
you work 10 times harder? Do you put in 10 times more effort? It’s not like that. – It’s totally true. You don’t work harder the more you earn. And on the plane ride here, for some reason,
something I thought of was the first $5,000 I made versus the most recent $5,000 I’ve made, and the difference in the amount
of work involved with that. I think everybody believes
you have to work hard to earn money. Hard earned money. That’s one of these things
you have in your mind. – Hard earned dollars.
– I hate hard earned money. – Hard earned, you don’t hear easy money. No, hard earned dollars. – Don’t spend your hard
earned money on this. – Penny saved is a penny
earned, all this stuff. You don’t hear any other stories. It’s funny how that works. – Yep, there’s just things
that are passed around in society. – And partially, media helps that. Media facilitates that kind of belief. Think about the movie, a
very popular movie, Titanic. Think about Titanic. One of the most bestselling
blockbusters of all time. Think about the movie, how they portray rich people and poor people. Think about that movie. DiCaprio, remember? He was gambling, he
was getting the ticket. Kind of sneak onto the Titanic ship. All the rich people at the top, they’re all stiff and snobby. All the lower class, the bunk bed, they’re all dancing, happy, having fun, and you just contrast. – You got these stuck up rich people. – There you go. – Makes you think who would
wanna be a part of that? – I don’t wanna be a part of that. Imagine the whole movie. Same movie, you flip it around. Imagine that story. It’s the rich people
that dancing and happy, the poor people that’s sad. You think that movie would sell? I don’t think that
movie would sell at all. – I don’t think so either. – People would hate that movie. Why? Because the public perception. It’s the same. You see all these things
being media portrayed about rich people and always the scandals and bad news and all this stuff. Rarely, rarely, maybe Inc
Magazine or Forbes Magazine, all the fortune, you see they
more feature entrepreneurs but most things are negative.
– Very true. – Why do you think they
are negative, by the way? – I think it helps people cope. – That’s right.
– Honestly. ‘Cause you don’t wanna see people as being better than you. You can only justify it by
saying, well yeah they’re rich but they’re–
– They’re not happy. They’re miserable. – They’re not happy, they must work, if they’re rich, they must work 80 hours. – They must be workaholics. They must be miserable. The divorce rate is high. Their kids relationships suck. There has to be. Don’t tell me they are rich and happy. Fuck them. These bastards, they’re rich
and happy and healthy, no way. Where does that leave me? That’s what happens. You gotta know, that’s
exactly what happens. But what is the truth? Don’t listen to the media. Find out for yourself. Here’s what I found out. ‘Cause I didn’t buy that whole media BS. I went and talked to rich people. You know what I found out? They’re happy, they’re
generous, they’re not miserable. Some of them are miserable. But you have way more poor
people that are miserable than rich people, trust me on that. They are kind. When I ask for help, even with successful people in Vancouver. When I ask them out for lunch, super successful people. No problem. They are very generous. They’re willing to help. ‘Cause they could give
because there’s no lack. They don’t need anything from you. Over the years, guess who
stabbed me in the back? Guess who betray me? Guess who lie to me? The poor, not the rich. The ones who are rich,
majority of them are good. That’s what I found out
from my own experience. Don’t believe in the whole,
what media’s telling you. Go find out for yourself and see what exactly the truth. You’ll find that it’s a
very, very different story. Very, very different story. So that’s why most people never make it. – It wrapped up a lot of different ideas that I’ve had myself and I think that really hits the
nail on the head there. Those different pieces there. Anyways Dan, thank you so
much for sitting down with me. I really appreciate it. For those of you that
are looking to learn more from Dan and myself, we are
putting on a free masterclass that’s gonna be the top link
in the description below. We’ll also pop a link up here as well. But we’re gonna kinda go
more into the mindset shift involved with going from being poor or maybe not necessarily
where you wanna be to eventually becoming rich because to get to those
new thresholds or levels or whatever you call
them, each one requires a new mindset.
– 100%. Upgrade this first. – Well we hope to see you guys there. And thank you so much for watching.


so in this video today we’re going to be talking about what is my investing plan for 2019 we’re gonna look at the stocks I am currently invested in and whether I am up or down in those positions where I’m at with my portfolio overall and ultimately what do I plan on doing with my money in 2019 so let’s go ahead and talk about the stocks I am currently invested in and where my position is so overall I own six different stocks six individual stocks within my investing portfolio and overall across all of those stocks I’m currently down 20% based on the fact that I am pretty tech heavy with this portfolio and there are some investments in this portfolio well namely one investment that has been a major thorn in my side which is General Electric so the six tax I own our General Electric Facebook stock Apple stock I own JD comm National Grid and Alibaba and we’re going to start in a list here in order of the stocks I am down the most versus the least here so my biggest loser within my portfolio at this point in time is General Electric this is a stock that I started buying in late 2017 got into the stock way too early and so I am currently down 37% on that investment but I think in the long term I really have no concerns about that stock at least rallying to my cost basis if not above and beyond that but it is going to take a couple of years in my opinion number two is Facebook stock I’m down 16 percent on that company I bought a little bit of Facebook stock after the Cambridge analytical scandal in 2018 and then again when they had that earnings report come out and the stock dropped like 20 percent out of nowhere so Facebook is a stock I only started buying in 2018 and then we have a recent addition to my portfolio Apple I am down 12% on Apple stock that’s one again I bought as recently as I believe November late fall of 2018 JD comm is when I began buying over the summer I’m down 11% on JD and then ngg National Grid this is a stock I have owned since 2015 it is the stock of my previous employer I’m down about 8% on that stock and that is largely due to the fact that over in the UK they restructured how the power utilities were going to be making money and companies like National Grid are now going to be making less of a profit over in the UK and as a result there was a sell-off that took place with that stock and then Alibaba I am down five percent on my cost basis of that company so those are the five stocks that I currently own pretty much all of them except for two GE and National Grid are stocks that I started buying in 2018 so most people who invested in 2018 are down at this point in time just because we have seen that correction taking place and the companies that I owned prior to this that I was up on I ended up selling in 2018 because I believe they were becoming overvalued two of the biggest ones being my positions in both Amazon and Google I was up over 30% in both of these companies in a relatively short period of time and so I ended up selling off Amazon and Google in early 2018 and I rolled a lot of that money into this stock portfolio that you see here so other than that I do also have some boring etf investments within my portfolio I’ve talked about this in some other videos I own DBK VV + BX US these are just your basic Vanguard index funds so in the short-term portfolio looks pretty bad most people who invested like I said in 2018 have had similar results where they’re probably down around anywhere from 10 to 20 percent or more depending on what they’re investing in but in the long term I have no doubts about these companies that I own within my portfolio now before we get into how I’m going to be investing in 2019 I just wanted to mention to you guys if you’re interested in picking up a completely free stock worth up to $1,000 we ball is running a promotion where if you open an account with them you don’t even have to fund it they’re gonna give you a completely free stock worth up to $1,000 that’s gonna be the top link in the description below I’m affiliated with we Bowl you guys do not have to take me up on this offer if you don’t want to but it is available to you if you are interested and if you guys are not familiar with we Bowl it is a free trading platform kind of similar to Robin Hood but they have a lot more tools for research and they have a lot more data available to you and it’s specifically useful for people who are looking to perform technical analysis of their investments so that is the top link in the description below if you guys want to grab yourself a completely free stock okay so the first part of my investment plan here for 2019 is going to be a real estate investment now I’m not sure if this is going to be a property that I’m actually going to live in or it may be an investment property that I’m buying just for the purpose of renting it out I’m looking for a duplex or triplex or a quad Plex in my area but it’s hard to find one that you would actually want to live in a lot of the ones in my area would make great rental properties but they’re not necessarily in the parts of town that I would want to live in so currently I rent the apartment that I’m in and renting is obviously you know quite a waste of money so but it’s also provides you with a really nice you know lifestyle you also have amenities like a gym internet that’s super fast I get free internet here or it’s included with my rent package so there are a number of different perks to being a renter especially somebody like myself who has their own business from home but if I am able to find you know a nice to family or three family house that is something I’m going to be investing in whether it’s something I actually live in or not that I’m not sure of but I’m planning on putting about fifty thousand dollars aside for this real estate investment that’s going to be probably within the first half of 2019 and I’m definitely going to do a couple videos documenting the process of buying my first piece of real estate and buying my first rental property when I actually decide to do that so that is going to be a big part of my 2019 investments is that fifty thousand dollars or so that I plan on investing into that real estate okay so the second main area I’m going to be investing in for 2019 is investing in my business whether that is scaling my business by you know involving other people whether it’s also any kind of assets I want to perch if if there’s like another Instagram page that comes up that I want to buy I plan on investing at minimum ten thousand dollars into my business in 2009 just to scale my business and again find other areas to generate revenue from the online business I’ve created here and already in 2019 I have hired a copywriter and that alone has been a massive investment into my business and so I think $10,000 is probably on the low end it’s probably going to be more closer to I don’t even know 20 to 25 thousand dollars realistically as to what I’m investing in my business for 2019 now the third area that I’m going to be investing in is any kind of coaching any kind of courses or ultimately investing in my skills that’s going to be allowing me to earn more money so if there are any courses that come out that I want to take or any events that I want to attend that’s another big area that I’m going to be investing in number four as far as the stocks that I own the two companies that I really want to add to my position are Facebook and Apple these are my two smallest positions within my portfolio and I would like to double my positions in these two companies but I’m in no hurry to do this I don’t really see anything changing with Facebook and Apple in the short term and so this could be something that I do you know much later into 2019 I don’t really see the whole you know thesis behind these companies changing in the short term I think that people are gonna have more of a bearish stance in these companies for a couple of months here or a couple of quarters and so I will be buying those companies at some point in 2018 but that is not my top priority beyond that number five I’m going to continue to be purchasing ETFs following my dollar cost averaging strategy so buying vbk VV + BX US at a rate of around 1,000 to 3,000 dollars per month pretty much just splitting up my money across these three different funds and that is just my passive investments there you know I do have a good majority of my portfolio is individual stocks but I also have that passive side of my portfolio I see one as a higher risk and a lower risk element of my portfolio and my plan is to take some gains from my individual stocks over time and put that into a more lower risk passive approach to investing just by putting that money into index funds because what you’ll find as you begin to have multiple income sources and different investments you really like those set it and forget it investments even though they may be yielding you a return that’s not like jump off the page exciting it’s nice to not even have to really think about these investments you just plop money in there and they’re gonna be paying you in dividends and ultimately over the long term growing your money and then number six the final area I’m going to be investing in for 2019 is just simply building up my cash reserve for investments on now I’m not saying that I’m going to be putting all my money in cash but what I am saying is I’m not funneling a ton of new money into the stock market I’m comfortable two positions that I have I do want to add to both Facebook and Apple but beyond that I like the stake that I have in GE JD Alibaba and National Grid unless there was some massive deal that showed up and one of these stocks went down huge I can’t see myself dumping much more money into these companies just because I’ve built up a position that I want to have in these companies and so I’m gonna be increasing my cash reserve and if I find another stock that shows up that seems to be a good value that’s something I might be buying in 2019 but I don’t really plan on investing much more cash into those other companies within my portfolio I’m gonna be building up my cash reserve ultimately saving up for that real estate investment dollar cost averaging into those ETFs eventually you know doubling up my position of both Facebook and Apple and then investing into my business and any other coaching courses and skills beyond that but anyways guys that’s gonna wrap up this video this is my investing plan for 2019 let me know in the comments section below what are you guys planning on doing in 2019 are you buying individual stocks are you buying real estate bonds are you buying crypto I’d love to hear what you guys think in the comment section below and like I said if you guys want to grab that completely free stock from we bowl that is a top link in the description below but thank you guys so much for watching this video I hope you enjoyed it and I will see you in the next one

5 Money Errors To Steer particular of In Your 20s

– How’s it going today guys? Welcome back to the channel, hope you’re having a great day so far. So in this video here,
we’re gonna be talking about the biggest financial mistakes that people make particularly in their 20’s. Now some of these are mistakes
that I have made myself and I’m gonna share my personal experience with each of these and others are mistakes that I’m seeing other
people making out there so I hope you guys get a tremendous amount of value out of this video and if you do I would appreciate it
if you would drop a like and make sure you hit that
subscribe button as well. Let’s go ahead and get started here by starting off with number one, what I believe to be the biggest
mistake people are making, especially as young people and that is skipping the 401(k)
contributions altogether. I honestly can’t blame young
people for this mistake because what it comes down
to is a lack of education about what a 401(k) is,
what compound interest is, and how this all ties in together. But just because the schooling system has failed to educate you on this does not mean that it is
not extremely important so if you’re one of these
young people out there that have no idea what a 401(k) is, you don’t know if you’re contributing or you know for a fact that
you aren’t contributing, I certainly hope this part of this video motivates you to at least consider contributing a small amount
of money to your 401(k). So just how bad is this problem? Well, according to a
survey by Money Under 30, 51.6% of Millennials are not
contributing to a 401(k). So the majority of Millennials, the majority of young people out there are saving nothing in their
401(k)s for retirement and that just absolutely blows my mind. And this is going to be a massive problem 20, 30, or 40 years down the road when this group of young
people’s looking to retire and their wondering why they
have no money to retire. What you have to understand here is that compound interest is what we call the time value of money. And you have to give your
money a very long time to grow in order for it to grow
into a meaningful amount and I wanna walk you guys
through an example here. Let’s say you decide to contribute 100 dollars a week to your 401(k) and that’s honestly not a lot of money. That is maybe one trip out to eat or two trips out to eat every single week. We’re not talking about a
crazy amount of money here. $100 a week and let’s say
you’re earning an average return of around 8% per year over
a very long period of time. Well let’s say somebody decides to do that from age 20 to age 65. $100 a week going into the
401(k) earning an 8% return. Well by age 65, they would
have 1.86 million dollars. A very hefty retirement, a very
large amount of money there. But let’s say on the other hand, one of their friends
decides, well you know what? I’m not gonna start doing
that until I’m 30 years old. So rather then contributing
$100 a week from 20 to 65 they wait until 30 to 65,
at the same exact yield they’re only going to have $827,000. So just to make this simple for you guys, that is a one million dollar mistake. By waiting until age 30 to
contribute toward your retirement instead of starting at age 20, you just cost yourself one million dollars from that 401(k) on a $100
per week contribution. So that is what is important here. It’s the amount of time that
you’re allowing your money to grow, not necessarily how
much money you are investing. So if you know for a fact
that you’re not contributing to your 401(k), that is
a very important thing you should be doing as a young person and I hope you at least are open to the idea of doing that now. And at the very least, what
I always tell people is if your employer is
matching your contributions, oftentimes you’ll see employers
matching up until a certain amount, always maximize
what they’re going to match. One of my former employers,
they would match 50% up to 3% and so I would
contribute 6% of my pay into my 401(k) and they
would give me 3% for free. It’s literally free money that so many people are not taking advantage of. It just completely blows my mind. Okay, mistake number two
is buying an expensive car. Now this is something I’ve done myself and it’s a video I did on my channel way back before I had
a lot of subscribers. I’ll link up to it in
the description below and it’s how I lost $9,480 in one year by owning a car that was a flashy car. Now the scary part of this is, I bought a car that was a 2007 and this was back in, I believe 2016. So this was a nine year old car that I still managed to
lose just shy of $10,000 on in the course of one year
and that was largely due to the fact that I overpaid
for it and then I traded it in. I basically made every mistake
you could make in the book when it came to buying
and selling that car. But the scary part is it
could’ve been a lot worse if I bought a brand new car. A one or two year old
car right off the lot or something like that for example. You can end up losing a massive amount of money by buying an expensive car. So if you guys wanna check out that video, I’m gonna link it up in
the description below but cars are what you
call a depreciating asset. The assets that you want in your life are appreciating assets
like stocks and bonds, and real estate, things
that tend to go up in value. While a car is technically an asset, most cars are depreciating assets meaning every single year they
are worth less and less money and if you make this
mistake of going out there and buying a brand new car
or buying an expensive car you’re gonna end up
upside down on that car to the point where
basically how much you owe is more than what that
car is actually worth and you’re gonna be stuck
paying back this car payment for years to come on a car that’s not even worth what you owe on it
and it’s just a really bad situation to be in and I see so many young people making this mistake. Now you might be asking yourself well how much money should
you be spending on a car and I wanna share with you guys
what my opinion of this is. So in my opinion, your total
monthly vehicle expenses including your insurance and
including your car payment should be no more than 10% of
your pre-tax monthly income. This is a pretty conservative number but I can pretty much guarantee you guys this is gonna keep you out of trouble when it comes to your vehicle expenses. So let’s say for example you made $5000 per month in pre-tax income, that means that your total vehicle expenses should be around $500. So maybe it’s a $400 car payment, and a $100 for your
monthly insurance payments. Where you run into trouble
is when you see somebody with $3000 of pre-tax income per month with a $750 vehicle expense a month. It just does not make financial sense and there are so many people out there that are making maybe
$30, $40,000 per year driving brand new Ford
F150s or cars that they just can’t afford and then they wonder why they have no money at
the end of the month. Okay the third huge financial
mistake that people are making in their 20’s is getting
into debt with student loans. Now I’m not saying that college
is necessarily a bad thing. I went to college. I got a two year degree
in Electrical Construction and now here I am making YouTube videos so obviously I’m not
using my college education but it cost me altogether $12,000 over the course of two years and I was fortunate
enough to have some money from my grandfather that paid for college so I was blessed to not
have to go into debt but even so, I went community college to keep that expense as low as possible. The problem you run into
here is when people are going to college for what I call,
a non-marketable skill. Something that is not very useful. A degree that is not going to allow you to make decent money and
then you are in debt. In some cases, six figures of debt with a degree that’s not
gonna earn you any money. It just doesn’t make sense to do this. One of the things I frequently
talk about on this channel is getting involved with skilled trades, whether it’s being a
plumber or an electrician or a carpenter, these are
skills that don’t require you to go to college or go into debt that are going to allow
you to make a lot of money. But at the end of the
day, the number one thing, the most important piece of this is you’re doing what you are passionate about and if you don’t wanna be an electrician, obviously don’t do that
but I always recommend if you’re going to go to college, at least have some kind of plan as to what you’re gonna do after college and how much money you
can make with that degree. One of the things I always like to say when I’m talking about
looking at the trades versus looking at college
is let’s say it’s midnight and all of a sudden you find out you have a burst pipe in your basement, you’re gonna be calling a plumber, you’re gonna be going oh
shit, I need a plumber. You’re never gonna be in
a situation where you go oh shit I need a art history major. It’s just not a skill that’s
gonna be in massive high demand and so it’s just something
that people don’t consider is the demand and the
need for that service. Again, plumbing is not for everybody but it is a skill that is in high demand and when you need a
plumber, you really need one and that’s when you’re gonna
be opening your pockets and shelling out some dough. Financial mistake number
four, I know it’s going to get me some flack in
the comment sections below but I just have to say
it, I have pets myself. I have two cats named Ava and Stormy, I’ll put up some photos
on the screen here for you but pets are one of the
biggest financial mistakes that people make in their 20’s. Like I said, I have two cats, I love them, they’re one of my
favorite things that I own and so I would never change
the fact that I have two cats. I really enjoy the
companionship and everything but at the end of the
day, if you strip away the whole emotional
attachment to your pets and you just look at
the dollars and cents, this is a huge expense every
single month to be a pet owner. Now I’m not saying that you shouldn’t own a pet if you really want to. It’s a very important part of your life but you should consider the
financial obligations involved with owning a pet and a lot
of people don’t do this. They end up buying a dog or adopting a cat or adopting an animal
thinking okay, you know what? This dog’s only gonna
cost me $1000 or $500 and that is literally just the beginning. I’ve ran the numbers here for
what I’m paying for my cats but I know just from
owning dogs my entire life, it is way more expensive
then you think going in especially when all you
look at is the dollar value you’re paying for that
pet at the very beginning. So just for me for an
example with my two cats, every single month I
spend about $25 on food, $40 on litter for my cats, $120
per month on pet insurance, now pet insurance, the one that
I have it covers everything. Shots, vaccinations, spaying,
anything that comes up it’s covered and personally
I would rather be paying for pet insurance rather than
having these unforeseen expenses but you don’t necessarily
need to have pet insurance. And then I also have to pay
pet rent at my apartment coming up to a grand
total of $210 per month. Now for me, that’s really
not that much money but for some people that is
a significant chunk of change and it’s something you need to consider when you are buying an animal. I would say for a general rule of thumb, it’s gonna cost you about
$150 per month for a pet and you also have to
consider if you’re not gonna go the route of
getting pet insurance, there’s gonna be those
unforeseen expenses along the way and you should really
be planning for those that way you don’t have to end up putting it on a credit
card but that can be a huge financial burden for people is buying a pet when
they’re not thinking about the long-term costs of owning that animal. Alright and finally number five here, the fifth huge financial
mistake young people are making it’s a mistake that I almost
made myself is avoiding risk. Now I know this might sound
kind of weird to you guys because you might be thinking, risk, maybe you’re
thinking of the lottery, maybe you’re thinking of, I don’t know, something you’re gonna lose money when you’re risking your money, but risk can be one of the
greatest things that you can do in your life is risking something. Risking the time that
you’re putting in something, risking your money and
I’m not talking about the lottery here what I’m talking about is something that comes up in your path that might not necessarily
seem like the right thing to do on paper but you decide to
do it anyway because you have all the years ahead of
you to offset that risk. And I wanna share with you
guys my story about that to show you what I mean by this. Like I said, I went ahead and I got my two year degree in
Electrical Construction. I worked for the local power
utility for a little bit over two years and I
honestly hated my job. I did not enjoy what
I was doing day to day and so on the side I started
this little YouTube channel. I was making videos in my room, drawing stuff on a white board, making financial videos and
I really enjoyed doing this and I said you know what,
I would absolutely love it if every single day this is what I did. I put together ideas on paper, I made YouTube videos,
that would be a lot of fun. But I looked at the numbers here and I said okay at my job I’m making, I was making about $60,000 at the time and when I was looking
at my YouTube channel, I was making less than $1000 per month. So financially, looking at those numbers, it would make absoluty no sense to quit a union job with great benefits earning 60k a year guaranteed
six figures within five years but I made the decision anyway to say, I don’t wanna do this
anymore and I went all in with this YouTube channel
and now I’ve scaled this up to a really great online
business for myself. Had I been afraid to take that risk and take that leap of faith,
I would still be stuck in a position doing this job
that I really did not enjoy. And so you can’t always look at everything as dollars and cents on a piece of paper. You have to look at it
as what are you going to enjoy doing at the end of the day, and do not be afraid of taking
some risks as a young person. Avoiding risk is in my opinion, a huge financial mistake
that people are making and it’s one that I
almost fell into myself. But anyways guys, that’s
gonna wrap up this video. This is what I believe
to be the five biggest financial mistakes to avoid in your 20’s. Drop me a comment down below
if you guys have made any of these mistakes or if you
have any to add to this list, I would love to hear what
you guys have to say. Thank you so much for watching this video. I hope you enjoyed it and I
will see you in the next one.