Placeholder Image

字幕表 動画を再生する

  • - How to invest, investing your first $1,000.

  • Maybe you've just earned you first paycheck,

  • or maybe you have been working for some time,

  • now you've put aside a little bit of money,

  • what is the best way to invest the first $1,000?

  • Now, let me give you a few options.

  • There are a few things that you could do.

  • Number one, you could just blow it, right?

  • You could spend that money on drinks, or on a little trip,

  • or you can spend that money on buying some video games,

  • and things like that.

  • You could, could just blow that 1000 bucks

  • and you won't get a return or anything like that, in fact,

  • but you'll get some pleasure out of it.

  • It's leisure money, you could do that,

  • but that's not called investing.

  • That is just spending money.

  • Now, another thing that you could do

  • is maybe you're thinking about, well,

  • maybe you can buy a little bit of mutual fund,

  • you can buy cryptocurrency, or you know,

  • you use that money for something,

  • and you could do that, too.

  • The question is even if you put that money aside

  • and you invest it for long term,

  • how much of a difference does it actually make

  • to your financial future, right?

  • Another thing that you could do,

  • which may be something you could do,

  • maybe you have some credit card debt, right?

  • Or maybe you have some debt

  • that you want to pay off that has a high interest rate.

  • Obviously if credit card,

  • it's gonna be very difficult for you

  • to put that $1,000 to work

  • that will get a better return

  • than the interest that you're paying for your credit card,

  • so maybe use that money to pay off some debt.

  • That may be a way to go as well.

  • But, so I always say you don't really actually have

  • a debt problem, you have an income problem, right?

  • Think about the debt that you have right now, right?

  • The amount of debt.

  • Maybe you have a few thousand dollars in debt,

  • maybe you have tens of thousands of dollars.

  • In some cases, maybe even $100,000,

  • your student loan, your credit card,

  • your mortgage, whatever that you have,

  • but I want you to think about with your current income,

  • how much you're earning right now,

  • how long would it take for you to pay off that debt?

  • Comment below.

  • How long would it take for you, with your current income,

  • to pay off the debt, the money that you owe to other people?

  • Chances are, a long, long time,

  • so you don't have a debt problem,

  • you have an income problem, and at the end of the day,

  • your income problem really is your skill problem.

  • You don't have an income problem,

  • you actually have a skill problem.

  • You don't have a valuable skill

  • that you can offer to the marketplace

  • in exchange for more money so you can earn more income,

  • so that $1,000, I'll share with you what I did.

  • Number one, I did not just go out there and just blow it

  • and spend money on stupid things.

  • I did not do that.

  • Number two, I did not use that money to pay off the debt,

  • because I was owing people so much money

  • that that little bit of money, that didn't help,

  • because all the businesses that I got into that I fail at,

  • all the money I owe,

  • that $1,000 didn't even make that much of a difference.

  • I know that wouldn't make a difference.

  • What I did is I invested money into myself.

  • I believe the best investment

  • that no one could compete is you invest that dollars

  • into yourself, improving yourself.

  • Now, for some, it maybe is taking

  • a public speaking course, right?

  • Going to Toastmasters,

  • spending a couple hundred dollars

  • to improve your communication skills

  • so you could be more confident when you talk to people.

  • For some, maybe it's going through

  • a personal development course

  • that would help you to develop that self-awareness,

  • knowing yourself more.

  • And for some, maybe it's learning how to sell,

  • or for some, it's learning how to talk to people,

  • for some, it's learning how to do copywriting.

  • Whatever it is, or how to do digital marketing,

  • but invest that money in yourself.

  • Buying that book, $20, $1,000 you can buy a lot of books,

  • and if you buy Kindle and eBooks, you can buy even more.

  • Maybe it's going to a seminar, going to a workshop.

  • Maybe it's take an online course.

  • Whatever that is, invest in yourself.

  • That's the best investment that you can make.

  • Imagine this, you are, let's say, making $2,000 a month,

  • $24,000 a year,

  • but by using that $1,000 and you invest in yourself.

  • Improving your skills, improving your confidence,

  • improving different areas of your life

  • so you can deliver more value to the marketplace.

  • Now, let's say, hypothetically, you double your income.

  • Instead of making 2,000, now you're making $4,000 a month.

  • $4,000, that's $24,000 in addition to income to you.

  • That kind of return from $1,000 to $24,000 a year,

  • my question is,

  • what kind of investments would give you that kind of return?

  • None in the world, and that's just the first year.

  • Once you get good, you can keep earning and earning,

  • after year after year after year,

  • you're still producing income

  • from something that you learned,

  • could be two, three, five, 10 years ago.

  • I am still creating wealth,

  • earning more from the skills sets that I developed

  • many, many, many years ago.

  • No one could take that away from you.

  • The government cannot tax it,

  • no one can steal that from you.

  • It is yours.

  • It is yours, so that $1,000, invest in yourself.

  • It will never go wrong.

  • Your first $10,000, invest in yourself.

  • We invest in yourself.

  • Believe in yourself.

  • Bet on yourself.

  • Don't bet on others, don't bet on a stock, right?

  • Invest in yourself first.

  • Once you earn more money, yes.

  • Once you have developed the earning abilities,

  • then yes, that extra,

  • now, you don't just have $1,000 put aside.

  • You have way more that you put aside.

  • Then yes, you can look into other investments,

  • and that's my suggestion for you.

  • How to invest, investing your first $1,000.

- How to invest, investing your first $1,000.

字幕と単語

A2 初級

How To Invest: How To Invest Your First $1,000

  • 184 6
    Helena   に公開 2019 年 10 月 29 日
動画の中の単語

前のバージョンに戻す