How To Invest Even If You’re Broke

I hate when people say, since you’re broke, you have time, so use that time to make money. That’s not true for everyone, I remember working 2 jobs and side hustle and still being broke, how do I fit a third job in there to invest or not to be broke you know what I mean?

This video here about investing when you’re broke, I’ll teach you what I learned form my mentor when I was 19 years old and I was making $60 a week and took that in turned into a business that made 8k per month, investment that made me 36k a year a year without any work, and so on. But it all started with that $60 a week.

My favorite story of all time is this one, if a man only has One seed, and he wants to grow a garden, the first step is to plant it not wait until that seed doubles.

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1. Let’s talk about what not to do

-When you’re broke, the mind has this idea

-Which is how to I turn a little to a lot very quickly

-But the laws of the world, say that’s very unlikely, you cant make oak tree that takes 30 years to grow, grow in 1 day by believing ( everything has its process ) including money and investing

Here my advice:

-Forget about get rich quick schemes

-Forget about the lottery ( or things that have high probabilities of failure and big gains )

-Forget about what everyone else is investing or doing at the time (remember the average person is broke, if I plant corn and you plant corn, you’ll get corn not an orange)

2. The best Investments with the highest returns are more obvious than you may think

-First if you put money into the stock market on a low salary it will grow but it will take a long time

-If you try to buy property on a low salary it will increase in value but those payments will hurt

-If you try to start business and it fails you will feel it

The best investment are these: First

-Skill (the price of a skill in America is about 10-40k )- the average income produce from that skill is about 60k a year

-If you pick the right skill everything changes if you are patient enough to put in the time, this means license, degree or even trade

-This means for a 40k investment you can make 150% on your investment the first year at 60k salary ( once you earn more, you you’ll more time )

Second: Books, Courses and Classes

-This is knowledge, I use to wish for money but money without management skills is stupid, just look at the people that win the lottery or the rappers that go broke

-You can spend $10 on a book or even $5 on a book writing by a millionaire and learn from that one book than you would have in 5-10 years

-A lot of books will be garbage, but a lot of them will be worth it, become a student

Third: Invest in Flexibility

-This is not what you think it is, I’m not talking starting your own business or passive income

-I’m talking flexibility to do work if you want to work, this should be a plan you should do but it takes years

-Pay off your debt, Save emergency, invest 10-20 into retirement to fee the American machine and also make you wealthy, while you pay off your home

3. Some of you are going to be disappointed with this video

-Because I’m not telling you to invest into stocks or real estate or into a business

-But the best investment you can make are in yourself when you have very little

-Whatever the cards you have are, play them to the best of your abilities and constantly improve your abilities

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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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