I used to get a lot of questions about investing…
Where to invest…
How to invest…
How much to invest…
So, today I thought I’d compile some of my best info and strategies on investing for you.
Ready?
How To Invest Your First $1,000
If you’re like most people, you’re probably thinking you could invest in crypto, stocks, real estate, index funds, or perhaps many other things.
But if you’re looking for consistent returns on your money, what return could you realistically expect from those investments?
5%, 10%, maybe a little more?
Of course, I’m not talking about when stocks or crypto go crazy and you can 10-100x your money.
That’s high risk and you could just as easily lose all your money.
I’m talking about growing your money over time with certainty.
How To Retire With At Least $1 Million
Over your lifetime you’ll easily earn at least $1 million dollars.
But when it comes to having $1 million in a retirement fund (which by the time you retire won’t be worth much, if inflation keeps going the way it’s going)…
People seem to think it’s unattainable.
But if you really think about it, you could easily retire with at least one million dollars, using just one investment strategy.
My 5 Top Investing Tips
As you may know, I strongly believe in my Wealth Triangle Principle.
If you’re unfamiliar with it, I’ve included the diagram below.
The Wealth Triangle states that in order to become a financial success, you should start with a high-income skill before you start a scalable business.
Ultimately, you’ll invest in high-return investments with the excess cash flow your business generates.
But it may surprise you to know that you don’t need a scalable business to become financially successful.
Business isn’t for everyone, as not everyone has what it takes to become a successful entrepreneur.
I may not win any fans with that statement but it’s true.
How To Invest In At Any Age Until You Retire
If you’ve watched some of the previous videos I linked above you’ll know that I believe the first investments you should make are in yourself, your skills, and your knowledge.
But if you want to invest your money elsewhere, it pays to keep it simple and invest in what I call the big 3.
Business, stocks, and real estate.
If you look at the most successful investors, they largely have very similar investment portfolios.
Now, I believe that everyone should have 3 types of financial plans…
And I discuss these in detail in this video >>
These plans give you a multi-pronged attack to create wealth and build a solid retirement fund.
How The Rich Invest Their Money
Although there are many “Bitcoin” millionaires out there…
If you look at the majority of people who’ve invested their money, you’ll see Bitcoin millionaires make up a small percentage.
As Warren Buffet says “If you don’t understand it, don’t do it.”
If you want to invest like the rich, that is one piece of advice you shouldn’t ignore.
Investing is like any skill.
It takes time to get good, and you will improve over time.
Sure, you’ll make mistakes here and there, but if you’re smart you can minimize your errors and remove any emotion from your decisions.
Over the years I’ve developed my investing skills and become very successful at it.
7 Timeless Investing Principles
If you’ve been tracking with me through this whole newsletter I commend you.
Most people won’t even set aside a small amount of time to better their financial situation or their life.
If you’re a bit short on time, I’ve put together a small compilation of some of the best tips and strategies in the links above into one video.
It’s just 8 minutes long and one of the most powerful strategies inside will teach you exactly how you should divide your money up each month.
This ensures you have money for necessities, emergencies, investing, education, and of course FUN!
I hope you’ve enjoyed this edition of High-Income Skills weekly.
Remember, you have everything you need to create a wildly successful life for yourself.
To your success,
Dan Lok
We have a wide range of digital programs that will help you take your income to the next level.
From, closing, to copywriting, to confidence, to marketing, public speaking, and much more, I’m certain you’ll find something there to propel you forward.
