are you in your twenties but you're not
so sure how to invest your money it's a
confusing world out there right and I
know I've been getting a lot of
questions asking well then what should I
invest in is it you know what a thing of
cryptocurrencies what do you think of
forex trading what a thing of penny
stocks were to think about this type of
investments and very often I don't
invest in any of those things because
quite frankly I don't believe in them
right a lot of times feel forget the
fundamentals and the odds always chasing
the shiny objects right they think that
it's gonna be the latest whatever
investment schemes and you know it takes
you a long time thinking about it with
whatever you do to accumulate they live
the capital the money that you have and
yet you could lose that money just like
that so my goal for you is to make sure
that you don't make those mistakes you
want to learn from me
listen carefully right today I'm going
to share with you three strategies on
how do you invest the money that you
have in your 20s strategy number one
when you're in your 20s I know that it
feels like you don't have a lot of time
but you actually have more time than you
think one of the things that you have
working for you is time you can use and
leverage the power of compound interest
so strategy number one and that is
investing in increasing your income you
see when you're in your twenties if you
can make more money if you can increase
your income what does that do it gives
you more money to invest so instead of
worrying way too much about getting the
maximum return why don't you invest in
yourself now maybe for some is reading
that book maybe is learning public
speaking right joining a local
Toastmasters learning your communication
skill maybe also going to certain
networking functions and developing your
network and expanding your contact list
because your network equals your net
worth so maybe you want to do that there
are a lot of things that you can invest
to increase your
come don't go so rushing into the
marketplace and buying all kinds of
investment things like that gimmicks
don't do that invest in yourself you'll
always get the maximum return when you
are investing in yourself now it might
mean different things different people
so comment below
how could you invest in yourself
how could you invest to increase your
income maybe learning new skill sets
whatever it might be comment below
strategy number two focus on the big
three C there are three types of
investments in this world and these
three types of investments had created
more billionaires and millionaires than
anything else they are businesses stocks
and real estate that is it businesses
stocks and real estate these three
categories that these are what I call
the big three right you look at most
wealthy people as portfolio they have
these three things now they feel
exception where they might have a few
other things but pretty much almost all
wealthy people either create their
wealth or they now hold their wealth in
these three categories so there you go
success leaves Clues so stop paying
attention to so much noise out there
especially when you see someone a buddy
of yours on Facebook or whatever trying
to sell whatever they've got talking
about this thing they're not wealthy
right you look at the wealthy people
what do they invest in how do they
invest in it right you don't need fancy
techniques now with thin stocks with
thin businesses with the real estate
there are so many different categories
right and maybe we can go into this more
in the future if there's something that
you want make sure you comment below so
we think that you might want to pick a
certain Garrity categories that it makes
sense to you that you want to master
because last thing you want to do is you
want to invest something that you don't
understand that it's very very stupid
right always only invest in something
that you understand take some time to
understand it and you don't have to
understand everything by the way forget
no one to master everything we
in real estate everything within the
stock category and there's so much to
study right
when in doubt keep it very very simple
strategy number three I believe you need
three types of financial plants most
people have got zero financial planning
there are three types of plans that you
need now if read my book have your money
you know some things that I'm talking
about the very first plan that you need
everybody needs is a plan for get rich
certainty that's correct
get rich certainty now what do I mean by
that it means that it is something that
is a plan yeah you know for sure it
doesn't matter what you do it doesn't
matter what you do to make money doesn't
matter your business owner it doesn't
matter you're working for somebody else
every single one of us needs to have a
loose side business I caught a side
business investing so get rich circle
it means that you're putting some money
aside you're investing perhaps in a
low-cost index fund in 30 40 years
especially if you start in your 20s you
know that you would have accumulate a
nest egg you know you would be
comfortable you know you could retire
that's good it's not the only plan but
most people don't even have this plan so
get rich certain we don't want it to be
fancy we want it to be set it forget it
kind of plan right we don't touch it you
don't need to talk about it this at
dinner party you should not be talking
about your latest investment and the
you.we union and parties things like
that it doesn't make sense it shouldn't
be like that nice and boring that's good
get rich certain then you have the
second plan which is what I call get
rich smart get Richemont now you are
much more involved think about get rich
certain that's passive get respond
you're a little bit more active you're
more like an active investor you're
learning right the more skills you have
the most sophisticated you become as an
investor the higher the return you'll be
able to generate get rich smart and then
you have a plan for get rich fast get
rich fast so once you think about this
way get rich student 30-year plan get
we're smart ten twenty year plan
and then you have to get rich fast a
five seven year plan you cannot just say
well Dan forget it I don't want a 20 30
year plan just give me the quick one it
doesn't work that way because with the
get rich fast it requires a different
level of skills also sometimes you might
require just a little bit more risk you
don't just want to do this you need to
do this one first let's make sure in 30
40 years you're gonna win no matter what
no matter what happens to these
investments you're gonna win right this
is your safety net great and it's so
simple right little bit money aside few
hundred dollars a month depends on how
much you earn aside in 34 years you're
set great in the meantime let's work on
that 10 20 year plan what we could do to
be more an active investor pick a
category out of the big three that you
want to focus on do that right great and
then you have a plan we'll get rich fast
that's the five seven year plan what
could you do to earn more earn a lot
more than what you're earning right now
how could you double triple your income
every few years so you can earn more and
you can put that money in different
buckets right now you can put it in two
different plans that's it nothing fancy
that's the best way to invest forget
about all that noise on social media
keep it very very simple investing it's
not supposed to be an exciting thing
keep it boring should be very repetitive
people asking you well how's your
investment going same thing in a few
years how's it going we're kind of the
same thing that's a good response but it
shouldn't be all man
last weekly it did this oh no last two
months it did that that's not a
sophisticated investor that is a naive
stupid amateur that's not what we do if
you want me to make more videos on
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