The more you learn, the more obvious and simple things become. After reading a lot of books and investing a lot of money in knowledge, I’ve learn the best strategy comes down to keeping things simple, and preparing for the unknowns in life which are many.
So these 5 things arent just the corney stuff of go network with people and buy fancy clothes to look the part but its real legits ways to thank yourself In the future when you look back.
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Pay off Your Debt
Debt is one of those things that keeps people stressed out
And everyone that uses it thinks that they are cgenious and they don’t see the risk
5 years from now, when you are debt free and you don’t owe anyone a single dolllars, you will thank yourself ( better to have less, but better it be all yours and you be able to sleep well at night )
Why this is an investments:
This frees up your cash flow for the future.
It lowers your risk.
And increase the probability of success
Start a Retirement Account
Whether it’s a 401k with your company getting a match or you having your IRA which I recommend getting a roth Ira
But this is clear no brainer
The government and your job incentives you to take action
Why is this an investment:
It allows you to grow your money tax free
Allows you to compound your money
And a simple $200 investments per month over 40 years is about 1.1M
Invest in Education : Books, Courses and Mentors
For me I can read and assimilate information, via repetition and practice
For a friend of mine, shes a lot better at taking courses and receiving mentorship
My advice is, do what you can with what you have ( if you cant afford courses get the books even if its harder )
Why its investments:
Skillls are everything in a market economy, you don’t need more skills, you need a good skill that can earn you a good amount of money
An investment in education of 20k can mean 40-80k a year in extra salary
Think about that
Own a Home
Not right now, if you cant afford it and if you don’t need one
But when both those reasons are a yes
Owning a home is a massive advantage
Why its an investment
You biggest expenses forever will be a home
And when you own that, your cost of living is so much lower than the average person
It gives you more freedom, stability and confidence
Invest in Relationship
This sounds like a feel good one, but its last because its literally the most important
You show me a lost person, I will show you either someone who is alone or sorrouned by other lost people
Who you are around, who you invest time in, is so impirtant
Here are some points of focus
God first
The person you Marry
Your Family and friends
How to manage:
Learn to manage the time you give to these relationships
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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.
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