How much Money should you Invest and How

In this video, I’m going to break down a simple system to get you started with investing, as early as today. Yes, I said today. Only takes 3 simple steps, no need to hire 15 accounts and 14 financial advisors. 🎁SOFI FREE $100🎁: https://www.sofi.com/share/money/2652618/

Now I know what your thinking, these Tommy you’re just going to tell me to invest 10% of my income for the next 20-30 years and walk away. Well that’s a great plan but no, not really

A powerful why is going to keep you going. Examples are:
Freedom, having control, passive income: really sit and ask yourself why you want this

How much Money should you Invest and How

3 actions steps

1. Decide what you want?
Rule 1: You have to invest no less than 10% of your income, so as soon as you get paid to take that money out and deposited into another account
– I use Sofi for link down below when you join and deposit a 100 bucks they’ll also deposit a 100 bucks
– Example: $100 dollars invested in apple in 1985 at $2 a share would be worth around $560k because of stock split, which means one share back then is 56 shares today.

Types of investing
– Investing into Stocks, Bonds or ETFs this called securities investing.
Example: Just like that apple example, it means buying a stock, or a bond, or ETF and holding it or selling for a profit.
– Asset Investing, for example, real estate, land, commercial properties and any asset can make you money
Example: If you’re just starting out, you can get a mortgage to buy an investment property where you live and rent some units in the house, and make money like that.
– Active and Business Investing, this is buying a business or investing in your business to create more income
Example: would be starting a business or buying an existent business to generate income ( I have a bunch of business plans on the channel) And this is by far my favourite way to invest. The biggest return on your money. Also, a lot of risks.

2. Create a Plan and set up the Accounts
Rule 2: You have to stick this plan no matter what no excuses if you make one excuse then you won’t respect it and it’ll fall apart.
– You want to have this money out of sight or invest it as soon as you get it
Plan 1: Investing into Securities, Stocks, Bonds and ETFs –
2 ways to do this: active picking them or just tracking the market
Pro of tracking: you get consistent returns for the next 20 years
Con of tracking: its consistent nothing crazy, you won’t get any apple stories by doing this. ( I use acorn investing for this)

Pro-Active: If you can pick the right stocks for the right price and hold it, it can be thousands, hundreds of thousands and even millions. How? Read books like the intelligent investor and take courses and books on stock analyst it’s not random and its not luck. ( I used Robinhood for this)

Con Active: Pick the wrong stocks, and you might lose it all.

Plan 2: Asset investing Real estate
How? Create a nest egg by opening a separate saving and calling it asset investing. ( I used Sofi Money for this, your interest, and can make multiple accounts for free)
Pro: You create passive income by buying assets
Con: At first you’ll need some money for the down payments and so on. Eventually, you can use lines of credit. Liquidity

Plan 3: Business Investing ( My favourite)
How? You want to find a business to invest in or to create with the money you been setting aside ( no less than 10% and in a separate account)
( I have business plans for business on the channel, pick something you like and enjoy)
Pro: eventually this might be a side hustle, but you might go full time and be your own boss and be responsible for other peoples livelihood
Con: All the risk is on you, you’re the leader and your responsible.

3. Become an expert at the field and niche down ( or combine both together) Copy what I do and adjust it for yourself
What I do: I set aside 45% of my business income and 95% of my youtube income for investing
– I do Busines investing and ETFs trackings the market, asset investing
– Number: 5% or 500 bucks minimum towards ETFs every month (Acorns)
– 45% from one goes into creating more business income
– 95 % of youtube goes towards assets for real estate investing ( Sofi Money and Wealthfront)

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