How to make your money grow | Al Lenis | Skillshare

How to make your money grow

Al Lenis, Online Business Education

How to make your money grow

Al Lenis, Online Business Education

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25 Lessons (2h 12m)
    • 1. Introduction

      0:49
    • 2. What will you learn?

      1:42
    • 3. How to stay productive & organized

      1:28
    • 4. How To Master a Subject

      4:05
    • 5. Having good philosophies

      5:51
    • 6. How the compound effect works

      8:16
    • 7. The Rule Of 72

      4:36
    • 8. Example of a daily success routine

      3:45
    • 9. Mutual fund vs index fund

      8:13
    • 10. Automate your investing

      0:51
    • 11. Robinhood overview

      4:51
    • 12. Betterment overview

      1:02
    • 13. M1finance overview

      3:00
    • 14. chapter 1 recap

      7:38
    • 15. Building your financial powerhouse

      8:41
    • 16. Financial Security Deep Dive

      3:35
    • 17. Inside & outside investing

      9:30
    • 18. Comfortable plan deep dive

      4:56
    • 19. Salesfunnels are very important

      6:03
    • 20. What we learned so far

      4:32
    • 21. Deep dive into a rich plan

      5:47
    • 22. Investing Objectives

      12:01
    • 23. Leverage & Control 1

      7:52
    • 24. Leverage & Control 2

      7:43
    • 25. Finalvideo

      5:02
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About This Class

Do you want to know how to make your money work for you? Do you want a better retirement ? Well, this course covers many financial concepts that will improve your over all finances. You will be able to plan and diversify your income. After your done with this course you will have great idea on how to increase your income by developing passive income and understand many investment concepts that will increase your knowledge on how money grows.

Meet Your Teacher

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Al Lenis

Online Business Education

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Transcripts

1. Introduction: Hello and welcome to the course. How to make your money grow. Have you ever wondered how to increase your income or the rate of return of your investments year after year? Great. This course helps you grow your income month by month. Or have you ever wondered how to diversify your income? Well, here. Specifically, we'll tell you how you could go ahead and develop passive income streams in multiple sources for a more stable financial life. Maybe you want more money in the time of your retirement. Do you want to give more to charity or your church? No problem. After this course, you can give money to your church or favorite charity. Well, this is time to stop dreaming and wondering about your future. Start by joining this course and get educated on how money can work for you and be on your way to financial success. 2. What will you learn?: Hello and welcome. My name is I'll be your instructor for the rest of the course. And I'm so glad that you're here. I wanted to stop in giving a warm welcome. And also show you where you're going to be learning in this course. Now a structured the course, so it's easy to learn theirs examples that are very explainable throughout the whole course. So I don't want to feel intimidated. But any of these topics at all, I know finance could be intimidating for some people, especially if you don't like numbers. So I'll try to make it as fun and educational as possible. Now, this is basically what you're going to be learning in this course. You're going to learn how does one grow. The rule of 70 to 80, 20 rule, how to overcome obstacles? The fundamentals of financial planning, real estate investing, stock invest in leveraging control, business ideas inside versus outside investing. And a few more topics. And by the end of the whole course, my objective is that you have a well-rounded education in finance. So you could go ahead and do our financial plan for yourself to reach your goals. And that's really my main objective. So I really hope that you have a great educational experience. Try to make everything easy and understandable. And I can't wait for you to finish the course and be on your way. So with that being said, I'll see you in the next lecture. 3. How to stay productive & organized: Hello My fellow students, welcome to another lecture. In this lecture we're gonna talk about how to keep organized and stay productive. Now here's a few tips that I've learned over the years, definitely going to help you achieve your goals. Number one is to have a day planner in write out all the things you want to accomplish that day. You have a routine that helps you in all the areas in your life that you want to improve. And this is very critical because having discipline is a key to success. Tip number 2 is to keep a journal in just write about the lessons she learned at day and keep track of what you're learning your mistakes. This will give you more insight in increase your learning ability. And tip number 3 is to set goals with a time frame attached to it, because if you set a goal, you have a specific time-frame that you can start slacking, getting lazy in that accomplish a goal. But when you have a specific timeframe, when you want to reach that goal, it just makes it even more compelling to you to stick to it. You know, it's more commitment. So set goals for our time frame attached to it. Remember, Gloucester don't have a specific time when they need to be accomplished, have a lesser chance of becoming true. And I've learned this throughout the years. These are three tips are going to help you during your learning curve. Stay productive, can stay organized. Well, this pretty much covers everything in this lecture. I'll see you guys in the next. 4. How To Master a Subject: Hello everyone. Thank you for joining me in another lecture. Today. I wanted to talk to your power, how to really take in all this new information you kinda get in this course and how to apply it that way you maximize your educational experience and get the most out of this course. When it comes to learning something new. There's a process that works wonders when applied correctly. You follow the simple formula. You'll be on your way to truly put it into action, everything you learn in this course. So the formula has three steps. Step one is to take learn knowledge by reading and watching videos as you're doing right now. Some of us are visual learners. So by doing both, you will understand better the subject. Also, if you take down notes, then reading them, you will refresh a mine of anything you mess. Step two is to take action through activity knowledge. This is when you are practicing and learning from your mistakes. Through trial and error, you will see where you need to improve. By practicing what you just learned, you gain real life experience. And it's not just theory in your mind. Step three is teaching. Now, when you gain enough experience and a subject, you become an expert and you're able to teach others. When you have real-world. Yes, you can take on a leadership role or a coaching role, helping others also learned this subject. Now let's go ahead and see an example. In this example, you wanna make it under swimming team in school. Now, you go through the three-step process. Learn knowledge, activity knowledge in teaching knowledge, right? First, I will learn knowledge. You have to learn the techniques by watching videos and reading the books right? Then it start to do the activity that's new practicing in the swimming pool by stepping out of your comfort zone and practicing, you'll start to see the areas that you need to improve on. Now. And here's where most people get discouraged. A lot of people give up too soon because they don't want to acknowledge her thoughts and they don't want to improve by reviewing your results, right? And getting better. It improves your chances of making it to the swimming team. Once you made the team, you keep developing yourself. You never start practicing and working out and getting better. The coach sees your potential and assigns you as team captain. So you're stepping into a different rule because you have acquired a lot of activity knowledge and learn knowledge. And you're always getting better. You're always trying to prove yourself, right? So the more I learn now a sinner activity knowledge you get congruently or together, the faster you will learn that subject. And that's very crucial because sometimes if you read a book about a particular subject, maybe that Arthur in that particular time, but there were writing seem to be actual bright as time goes by. You know, things change, last change, right? And then when you go out in the real world is a little bit different, is not that the operator is completely wrong. There's rules and regulations that are different country by country or a state by state. Or it just, you know, just in different times, right? So by you doing the activity, you are sure you sell the euro learning in today's environment. So learn knowledge, activity knowledge in today's environment. And once you acquire both, you'll be able to teach others. Because now you've proven yourself that you really know what you're talking about because you could explain a step-by-step to other people. Well, that pretty much covers everything in this subject and in this lecture. And I'll see you guys in the next one. 5. Having good philosophies: Hello, I'm a fellow students. I hope everything is well. In today's lecture, we are going to learn why having the right philosophies is important. We are disarmed choices that we've made in our lives. The choices that we have made so far have created the circumstances that we live in right now behind every choice, there's a philosophy or belief that common shared decision making process. Let's take a look at the slide on the screen. As you could see. Firstly, how philosophy that governs your actions. Then those actions turned into results. They create your reality. Now, I strongly believe that we have 75% control of our lives. You can do everything right in your lifetime, but it doesn't mean you're not going to be subject to heartbreak. Financial reversals, bear alert or depression. We all have emotional and physical scars. No one is ever a 100% safe from misfortune. But if you have good philosophies that you live by, I can assure you that you'll live a happy life at least 75 to 90% of the time. This is because good philosophies lead to positive decisions that enrich your life. They create satisfying results which can lead you to live a great life. Let's look at some examples. Now here's some examples of good philosophies and bad philosophies. Let's go over the good philosophies first. Successful people do. What are successful people are now willing to do. Invested is the foundation of wealth. Taking care of my health is important. That's a good philosophy. Money helps me do more for others to give more to others write, invested is now risky if you know what you're doing. I believe the universe is always helping me and finding a better way. Now here's some bad philosophies. Life sucks, then u dy minus the root of our evil, invested in this risky. We all died from something, you, whatever you want, right? I'm not going to business. I'm stuck working for somebody else. I believe the universe is against me. I never went. Those are bad philosophies. Now, what philosophy is going to govern your life? Think about that. And what does philosophy? These are going to lead to certain actions in your life. And those actions are going to lead to a reality. Now, think about the good philosophies in the resolve that going to happen in your life, in the reality they're gonna create, right? And think about all the bad philosophies that you see on the slide deck about what makes you act the way you act, right? Do you have any negative philosophies or beliefs inside a view that is causing you to take bad decisions which lead to bad results. They create a reality you don't want. Remember, or you want out of life has to match your philosophy, your actions, right? If it does at day, you need to change your philosophies, change your actions, so you could get different results, right? I think the definition of insanity is to do the same thing and expect that they're from result. So we need to make positive changes in our life is starting by having good philosophies. Here's another example of how a good philosophy in a bathhouse fee affect your life. For example, a good philosophy would be successful people do. What are successful people and are willing to do, right? There's a philosophy that carries you to have a certain attitude, to look at life in a certain perspective, right? Which leaves you making different actions. Whether those actions CP hat that philosophy. You work out every day. Who invest every day? You eat healthier video, right? You start that side business that you'd be postponing. You start today because you realize today is the only thing you have. Yesterday's gone, tomorrow snag guaranteed right? Today is important, right? So if you had that philosophy, you'll make those decisions today, starting today because you just don't know what's going to happen. More, just think about this just for 1 second, right? If you have a successful day, those successful days who turn into as assessed for weak and successful weeks, turn it to successful months. And sensors for months turned into successful years. And successful years turned to us assess for lifetime, right? So if you have our philosophy, this is sensible people do. What answer says for people are not willing to do. You will do everything that you see on the slide, right? You, you will take action on all these goals and there will lead you to come out for resolve or financial success and great health. Now, let's take a look at a bad philosophy. Bath. Philosophy would be, life sucks and they die. They will lead you to make certain decisions or certain actions like no motivation, depression, lack of progress. We'll resolve your life to be in financial failure in a badhealth. So this is good philosophy versus bad philosophy. Now, this pretty much covers everything in this lecture. I hope you understand the importance of having a good philosophy that govern your actions. The Indus ashes turned to positive resource to create the reality you truly want in your life. Well, this is your instructor outside enough. I'll see you guys in the next lecture. 6. How the compound effect works: Hello, I'm a fellow students. Thank you for joining me in this lecture. And either you are here today we're gonna talk about the campaign effect and how our daily activity could change your life. Now, this is one of my favorite subjects because it teaches anyone had a big successful only by following a small few disciplines. By having a daily success routine, you can really change your life forever. Now, I like to use this graph to your right as an example. We'll just say the red line is a person that was to change, survive. In the grey line, a person who basically stays the same. Now, both of these people are starting at the same point. Both of them work a low income job, have nothing in savings or invested. They both basically started from 0. Now, the person represented by the red line decides to have a few small disciplines applied daily to change that person's slice forever. For example, that the person is in red decides they're going to exercise for half an hour every day. You're going to invest $2 today from saved to the US. They give to those away and charity. And we're going to spend one hour reading about stock investing and spent another hour reading about how to invest in real estate. So they're follow this religiously. Ok, so after one week, is there much of a difference between both of them? Absolutely not. You can't really tell the difference because it's so subtle. But the count pound fit working towards the person in red, right? And the person in green there pretty much stays the same. Now after one month, then the count starts to kick in a little bit, but you can't really see the difference there yet. Because $2 every day, it's not much money invested. Saving $2 a day is so much money saved. Now, you read an hour each day for, let's say one month. So you have 30 hours of stock investing education. You have 30 hours of real estate education, right? So the compound effect is working towards a person in the red, but slowly by this compounding is adding up after one year. The separation between the person in red and green. You start to see it. Because you have to remember, this person is following this religiously. They don't miss a day. They have a day planner. Every day, they make sure they follow their plan. And then two years later, the difference between the person in the green and the person in the red is astronomical because all those hours of learning how to invest in real estate pay off later down the road, all those hours. Learning how to invest in stocks later on PR. And it compounds over time. Because as you become more knowledgeable, you learn how to invest in things, they are more productive, right? So it's a mixture of doing the activity. Learning how to improve upon yourself. So as you're gaining more knowledge and you're doing the activity, you're going to have a boost in income. If view just do that for, let's say five to ten years, you've got full, completely changed in a positive way. Now, if you stay the same or you have bad habits, then you're compound effect is going to lead you in a negative path, always trading downward. So the compound effect affects every aspect of your life in your health, wealth, relationship with fathers. So as long as you are aware of this session's you're making every day, your philosophy on life. As long as all those things line up with each other, then you should have no problem using the compound effect to benefit you. Now, I want to talk about the journey of success because a lot of people suffer from shiny object syndrome. And what that is is basically they see a new business opportunity or a new investment opportunity. And they don't give themselves enough time to get good at it. And then they drop that opportunity, enjoying something else in the spend their whole lives joining business opportunities and investment opportunities. They never pan out because a lot of times they'll give themselves enough time to be good. In other times still saw opportunities will narrow meant to work out. So in order for you to really be successful in all the concepts of this course, you have to pick something that's actually going to work. And I'll give you some suggestions later on on the course. So I am going to help you out with that, but I just want you to be aware of the journey of success because most people, they'll have an overnight success, etc. And session they go through is a learning curve that goes through. First they go to learn knowledge. Yes, really in the books, watch the courses, then they go through the activity that's you invest in your money, invest in real estate. Then they review the results. Basically, you, you take what you've done so far, learn from your mistakes and try to improve on it, then success happens after 80% of that has gone by. So the journey of success is the process for being incompetent to become a very knowledgeable in your craft. Now, there's the 8020 rule. Basically, 80% of your results will happen in 20% of the time. So what that means is in the first 80, 80% of your time when you start learning and growing out there and do the activity, you're really going to hit some bumps in the road because you're learning a new craft. You don't know what you're doing. You need experience for once you start gaining that experience and our knowledge than the rest of the time, that 20% is where you really gotta have booths. So that is just the beginning. And it's hard because you're learning something new and there's always a learning curve. So as long as you understand the concept of the compound effect in how you could use it to benefit your life. You'll do just fine. Remember, you have to be bad before you're good. You have to be good before your excellent. E have to be excellent before you become an expert, you really can't go from bad to expert. You can't skip that process of learning. So just remember the 80-20 rule in remember, the compound effect is always affecting every aspect of your life. So you plan out a daily success routine, which we'll talk about how to plan a daily success routine later on in the course. As long as you have that covered, you're almost guaranteed success. I can't guarantee you success, but you almost guaranteed your own success because if you have goals and if you have a plan, you're on your way. Well, that pretty much covers this lecture. I'll see you in the next one. 7. The Rule Of 72: Hello my fellow students. Glad that you could join me in another lecture. In today's lecture, we're going to learn about the rule of 72 in how compound interests play a part in the rate of return that you get in your investments. Now on the screen, you have an example of a onetime investment of $10 thousand. So I gotta make you $10 thousand. In this example, I hope you like me a little bit more now, based on this example, I have three different rate of returns. In this example, each rate of return is represented by financial vehicle. Now, the 3% will represent a CD or certificate deposit at your local bank. The 6% will represent a bond and the 12% will represent an index fund or a mutual fund by no means at all MIC that each of these investments are concretely designed to produce rate of returns. What I mean is there CDs, they have 1% to 3%, fray, there's boss, they have 4% to 6% to even a percent, right? And there's mutual funds outperform from five to 15%. But just for example, purposes, to make the math easier for you to understand the concepts of the rules heavily to our chose a middle ground. And each of these investments to show you how compound interest and the rule of 72 work to increase your rate of return, okay? Now, there's just little disclosure how to make there. So let's start with an example of 3%. I gave you $10 thousand in this example. And you go to your local bank and you go ahead and put it in a CD or a certificate deposit. Now, using the old Bagehot principle, the rule of 72, you take 72, you divide it by three, and that gives you 24. Now, it takes your money, your $10 thousand, you just put in 24 years for the money to double in 24 years. Now you have 20 thousand in another 24 years, which is 48 thousand years total, you have 40 thousand. This is what happens when you have 3% using the rules every two right? Now let's look at the bond example. I gave you $10 thousand, right? And you go to your local bank and you buy a bond. Now at 6%, using the Rule of 72, you divide 72 into six and you get 12. So every 12 years your money doubles. Now after 48 years, you have a 160 thousand. Now, I want you to take a look at the difference between the first example. In the second example, how many doubling years we have 6% compared to 3%. And the end total amount after 48 years is more than doubled from three to 6%. You see the power of compound interests. Now let's look at the example of a mutual fund or an index fund, right? Let's say you're gaining 12% in index funds or mutual fund in this example. And I gave you $10 thousand, you go to your financial advisor and they put two, let's say, in an index fund, right? They produce this 12%. Now, you use the old banking principle like we did on the first two examples. 72 dividing, well, it's six. So every six years you money doubles. Now this suggests a onetime investment, no contributions, right? You just let it sit there and forget about it. You see how your money doubles every six years. Now, look at the difference between 4,060% thousand in 2.5 barely. Now, this is why so important to know your rate of return on your investments because then you can determine if an investment is worth your time and your effort. Well, this pretty much covers everything in this lecture. I'll see you guys in the next one. 8. Example of a daily success routine: My fellow students, glad you could join me in another lecture. In the previous lecture, I am going over how compound interests have a huge impacting investments. After that lecture, I hope that you have opened your eyes to how powerful the compound effect really is. On the screen, you're going to see an example of a daily success routine that I want you to follow when starting, of course. As you increase your knowledge and the advance in the course, I will help you become a Wi-Fi daily success routine that works for you according to your goals. But for now, let's just keep it simple. Let's go over this starter daily success routine. Well, in this starter success routine wants to simply start and invest in account or savings account, right? So as you can see on the screen, it says invest $2 a day. Now, we could increase that as your knowledge increases or dependent on your budget because I don't know your situation. I don't know what you could afford. But $2 a day is basically $60 a month. So by just investing to answer today is easier than coming up with $60. Onetime. Now, exercise in 15 to 30 minutes a day. You know, it's better to exercise and eat healthy every day because you want to be able to live long enough to be successful. You can't be successful if you no longer hear eating healthy and exercising is important. Now, rich that import that, that is a very fundamental book because it's going to teach you how to make your money work for you. It's going to teach you the fundamentals of investing. I wanna go over some of those here. But if you remember in the previous lecture, when I talk about the way we learn, right? Some people are visual learners. Some people are better when they read things, right? So people are more observational. So by you learning from this course and also listening to audio books and hearing it again, maybe from a different perspective, from different person. You're going to internalize the knowledge. More. You're going to understand the knowledge data I'm trying to give you more clearly. So if you just invest 30 minutes to an hour every day, unreached airport dad, as it just audio as audio books are very easy, you know. And you could just put them on while you're exercising. If you want to multitask. Also for your Invest in RD book, I recommend The Warren Buffett way. Now the recent why, because Warren Buffett is one with the most successful investors. And later on other course we're gonna talk about value investing in the index file versus mutual funds and other subjects that I want you to get familiar with. And if you could tie or donate at least $10 a month or at least a dollar a day, whatever you can. I don't know your budget given to others is also great because you're also helping out the world. You're helping out an individual or helping out our costs. I hope you get started with the simple CSS routine or help you improve your life. We're going to go and improve on this daily success routine as we advance in the course. So I'm very excited to have you here. And this pretty much covers everything in this lecture. And I'll see you guys in the next one. 9. Mutual fund vs index fund: Homophilous students. Welcome back to another lecture submitted. You could try me. Today's lecture. We're gonna talk about index funds and mutual funds in how to invest in both. Now before we get onto the lecture, have to give you a disclosure. I'm not a licensed financial advisor. Before you make any type of investment decisions, please consult with the license advisor and do your due diligence before you put your money into any investment vehicle. Okay. So with that full disclosure, I wanted you to take this video for educational purposes only, okay. Not financial advice. Alright, so now that we're done with that disclosure are let's go ahead and get into the topic at hand. Index funds pieces, mutual funds, okay? So what are the difference between index file in a mutual fund or an index fund is not actively managed mutual fund. And he follows an, a specific index like let's say the S and P 500. So basically that's like a benchmark. If you're not aware of the S&P 500, is basically the 500 most successful companies in the United States. And they also have a very low expense. Now, contrast that to a mutual fund. There are actively managed, right? And the fund manager, or managers, or buy and sell individual starts depending on the phone objective or the my, increase their position on a particular stock if the company is performing well, or decrease their position on a particular company. If they're not, the company's not doing well. So as actively managed and it has higher expense ratios in other fees. Now, the reason why people invest in a mutual fund, because they're betting on that knowledge of the mutual fund managers in order to outperform the S&P 500. But unfortunately, most mutual funds do not outperform the S and P 500. And let's just do a quick Google search on the percentage of mutual foster outperform the market. Let's, let's see what Google says. Or K. So K, now, let's see what it says here. For the ninth consecutive year, that maturity 64.49%, let's just call 5% of large cap funds lack the S and P 500 last year. For the last ten years, 85% of the large cap fonts underperformed the SIP for font-weight. Let me read that one more time. After ten years, 85% of the large cap funds underperform the S and P 500. In after 15 years, nearly 92% are trailing the index. So you may have to ask yourself, why pay a mutual fund manager this higher expense ratios? Most mutual funds do not outperform the market, right? It's really like what Warren Buffett said for the non normal investor. Investing in the S and P 500 index fund will make more sense, right? This what Warren Buffett suggests. And you'll see why. Because it doesn't make sense to pay higher expense ratios over the long term, which had up to thousands of dollars. If mutual fund managers for the most part, can have beat the market. So with that being said, is an index fund better than a mutual fund? Well, it depends. It really depends. Let, let me give you another example of an investment opportunity or okay, let me go ahead here. Okay. So what I'm looking right now, it's popular. Etf managed by Kathy. Would she saw how popular Chief Investment Officer nowadays? She's, she's one of those very popular investment gurus like Warren Buffett. You know, Kathy word is really doing great with all her funds. And let me just give you an example. Some of the Etienne under our confess and let's just look at some of them and the performance. This is the disruptive innovation ETF, Arkin vast. And in the past five years, done 39% since its inception. They don't 30%, so they beat the market, right? Let's look at another firm that fintech innovation. Now let's shrink. The objective of this fund is actually radix exchange foreign six, long-term growth of capital, right? When they mean by fintech, they mean like innovative, disruptive technology and our financial sector like square, like Bitcoin, like block chain, all those type of technologies. There are innovative now they said they're disrupting the financial sector. And since inception, this far has performed 51%, almost 52%. If you round it up. Now, you really have to take into account, okay? If you pay higher fee, right? In this expense ratios, he said worth it if you invested in a good mutual fund. Well, that's, that's up to an investor to this, depending on the rate of return they're getting. Now, if your rate of return is not that great, right? And it stopped beating the market. Why pay a higher expense ratio? You better off investing in the index file. So that's why Warren Buffett said, for the non knowing investor, S and P 500 index fund will be a much better investment in a mutual fund. But now you see that sometimes you could invest in a mutual fund if it's worth it. If you have somebody like cat, the word or Warren Buffett or somebody that has a great investment knowledge, an experienced in the market. Because that's what you're really bad enough when you invest in a mutual fund, you're investing in the experience of that mutual fund manager, right? You're betting on their experience. But if you can't find a good mutual fund manager, a good mutual fund company with a great track record, then you're probably better off investing in an index fund and save your money and get a very low expense ratio. And you probably do better that way. Now, some mutual funds do asks for our deposit. In one way to get around front, that is to see if they're available. Finance on Robinhood, caisson, Robinhood, All you need is a dollar to invest in an M1 finance. All you need is a $100 to get started. Because those, these apps have fractional shares. And what that means is you need a fraction of a share to get started. So you could invest in these companies with a very few amount. So I think I've pretty much covered everything. I'll see you guys in the next one. 10. Automate your investing: Hello fellow students, welcome back to another lecture. In this lecture, I want to go ahead and discuss three investment and apps that will help you automate your investing. This apps are Robinhood and one, finance and betterment. Now, I'm gonna go ahead and discuss some of the pros and cons and some of the features of each. And I'll go ahead and let you guys decide which one is best for you. If you already have an investment account somewhere else, that's totally fine. As long as the underlying investment is solid in the skirt. And so they're really matters. So the next lecture, we'll go ahead and take a closer look at Robinhood. Ok, I guess I'll see you guys in the next lecture. Bye now. 11. Robinhood overview: Hello my fellow students, welcome back to another lecture. In today's lecture, we're going to go ahead and take a look at Robinhood and all its benefits. I think Robin Hood is such a great way for beginner investors to start investing. It is so flexible. And I'm gonna go ahead and explain some of the features that I think makes this vest and have really great. The first feature I want to discuss is fractional shares. Now, fractional shares allows you to invest in any company with Rama her just for $1. And that is such a great benefit. You could invest in, for example, which is over $3 thousand just for $1. So you don't need $3 thousand just for one share for Amazon? Absolutely not. With Robinhood, Are you need is a dollar because it's a fraction of a share. And that allows you to invest in the best companies even if you're on a budget. So perfect for beginners, perfect for first-time investors. And another feature that I like about Robinhood is they get Unlimited Commission free trade on stocks, ETF, and options. Now, that is really a game changer because in the old school way of doing it in some brokerage, firms will charge you $10 portrayed for our company to come around and say that they're not going to charge you for any tree. Wow, that is really amazing. So I really consider Raman quarter really great company. But I do have to form. Warn you when you start with Robin Hood, there's a feature inside Robinhood, if you like, in about trading stocks of the day, do not make investment decisions based on that. Because let me tell you, you can lose a lot of money like that. Do fundamental analysis before you start investing in any stock. And I'll probably cover fundamental analysis in a different lecture, but don't invest on just emotion or hype or, or any of those things because you will lose money, like that, makes an investment decisions. A lot of people have gotten into trouble because they see it at, a stock is trending. And just because a stock is trending doesn't make a sound company, you know, sometimes some companies are just all hype, especially when they first start. And then they have nothing to show for their product or service or their business idea fails, and a lot of investors lose their money that way. So just avoid making investment decisions under trending stock portion when once you log in into Robinhood. And another feature that I like is the ability for you to get a debit card with Robin Hood. Because that allows you to go out and do your shopping or get direct deposit from your job. There are roughly two Robinhood, if you choose to do that, or just a portion of your paycheck that you want to invest. Now, another feature that I also like about Bobby heard they have a trip program. And if you don't understand what your program is, That's basically a dividend reinvestment program. Now, once you go ahead and start your account, you could go ahead and sign up for the dividend reinvestment program. That allows you to reinvest automatically your dividends. Because if you don't set that up, let's say you invest in Coca-Cola and you have a dividend, then your dividend would just stay in your account doing nothing, right? And a lot of times when you first start invest in, let's say in dividend stocks, the amount you get paid, it's not enough for you to do anything with, yet. He had to build it up. So it just makes perfect sense, suggests invest your dividends, reinvest your dividends until you have enough payout for you to actually pay bills or just have that as a side income by you first have to build it first. So being under dividend reinvestment program, aka drip, is highly recommended until you build up your portfolio, until you have that steady paycheck. And that paycheck is sufficient enough for you to do something with it. So that's another feature that I love about Robinhood. Now that pretty much covers everything in this lecture. I'll see you guys in the next one. 12. Betterment overview: Hello my fellow students, welcome back to another lecture today I want to go ahead and cover the better man. Now, better map is another investment app. And what I like about Edelman is a one-stop shop. It allows you to set up investing, checking, savings in the checking and savings are absolutely free. So that's what I really like about betterment. Now, the only difference between betterment and Robinhood is that betterment does not allow you to pick individual stocks. They have certain fonts there are allocated differently you can choose from, but betterment does not have a variety of investments that you choose. Now there are just certain amount of funds that you could choose from. Another difference is that Birdman allows you to set up investment retirement accounts like a Roth IRA, which you cannot do Robinhood. Well, those pretty much covers everything in this lecture. I'll see you guys in the next one. 13. M1finance overview: Hello and welcome back to another lecture. In this lecture, we're going to go ahead and take a look at m1 finance. Now, in the previous lecture, we talked about betterment and Robinhood. Now, betterment or some one-stop shop but didn't have individual starts or individual fonts that you can invest in. Robinhood had individual stocks in this east to get into just for $1 right? Now. M1 finance has individual stars in individual funds that you can invest it in. I'm talking about those famous funds, like the spy. In other funds that you can invest in any has started. So he has a lot of diversity. But the only thing I would say negative of M1 finance, you need a $100 to get started after those initial a $100, then you could invest however later you want. And what finance allows you to make your portfolio riskier on chart, make your mutual fund. And so you can make your mutual fund with the stock C1 and our Keeney. Hi everyone. So it's really cool. Like I said before, you need a $100 to get started. So I guess the only thing that would make it indifferent to Robinhood and I slot m1 finance, I use it personally. Fractional shares, just like rubbing litres. Now, if you don't have a $100 to start with, the probability that it would be a better option for you. But m1 finances, great company, bring customer service. I never had any problems with them. And this is what I'm currently useful right now. So it's a great app. Now here the ticker, look at these three apps to see which one you like best and now recommended one over the other. I just think I won't finance every great choice as well. I hope that you choose an investment app endanger start automatically best in whether w0, weekly or monthly. And that way you get a compound effect. The compound interests in you'll be working with the rule of 72, like we previously discussed in a previous lecture. But just remember that this plane and also strategy, you also have to pick a mutual fund or index fund is going to benefit you the most. Now, I will discuss the difference between a mutual fund is an index fund because it does affect you in the long run when it comes to the total return on your investment, mutual fund has teeth and time those fees affect your overall return? So I will discuss in another lecture the difference between index falsey mutual fund stairway. You can make an educated decision. Well, I guess that pretty much covers everything in this lecture. This is your instructor signing off. I'll see you in the next one. 14. chapter 1 recap: Hello, my fellow students welcome once again to another lecture today. We're gonna go ahead and recap everything we have learned so far to your left, you're going to see a checklist off some of the key things that we have learned that I think are crucial. Very important for you to have completely grass before you move to the next chapter. So let's go over each individual subject and let's make sure you have covered or the basis before going forward. First thing is your daily success for tea. Now your daily success routine. I should cover you eating healthy every day, exercising, investing every day, saving money every day, time for leisure and family, and getting enough rest. Make sure you have all those aspects in your daily successor T. Also, by now you should have a daily planet, and your your daily planner should be completely mapped out each day. According to your daily successor. T. Another thing you should have in your daily success routine is that one hour off business education or e commerce, or if you're not interested in business, then maybe you could. You could use that one hour to learn a new career that will increase your income. Now it's very important to have one hour a day off real state education and one hour a day off stock. Invest in education. Now the easiest way to get this done, if you're really busy, is to buy audiobooks on the way to work. You listen to maybe riel state investing and under way back, you listen to stock. Invest in education, you know, make the ride to work a whole lot East here and on the way back when there's traffic. Now you have to understand how the compound effect works. Now you're every day. Decisions are going to affect your future if you don't understand how the compound effect worse. If you didn't get it, please. We watched that video. Then I want you to understand the rule of 72 how compound interest works. If you see the importance of investing every day and how the compound interest works to your favor there, you'll take it more seriously. So if you don't understand the Rule 72 it's a great impact on your investing, then please. We watched that video, and the final step is to take action Now you have to open up savings and investing account . Now, this different waste that you could do that. Now I'm gonna go ahead and suggest some applications that you could download on your phone that are also available to your PC. The 1st 1 is a chords now, with a corns to have several features. They let you invest in roundups. Now, roundups basically means if we have a purchase, for example, off 98 cents, they'll run it to the nearest dollar, which is two cents, and those two cents go into your investing account. It's a great way to invest because you're not even thinking about it and basically want you accumulate $5 of round ups, then they'll draft it out of your account. Now you have to be on a budget in order to do this. Because if you're on a really tight budget when they draft those $5 how do you account? If you don't have them, it could turn your account negative, so make sure you could have ah, good budget for your savings and investing before you do this. Otherwise it could hurt you instead of help. You and I really want to help you not hurt you in any way. Now, if you don't feel like roundups are your thing, then acres also has we re occurring investing. Basically, you could go ahead and invest in certain around each week on a particular day or each month , so a corns is very flexible in that way. But they do have a dollar Armand Feet and some people are guests a course because of the dollar monte. But I think the features cover the dollar amount fees. It's not gonna hurt you in the long run, because as your investment grows $1 fee, it's not gonna be much. Another option will be M one finance Now with em. One finance. It allows you to create your own investment portfolio with your own stocks, and you'll get to invest in micro shares. If you don't know what micro shares is is basically if you have a real expensive stock, that's a big share half away. I think it's more than $300,000 per share. Now you could invest in the half away stock to everyone, finding its even if you have $100 because you're investing micro shares so and where finance is a great way to get into those companies that you love. They seem too expensive that seem out of your reach and develop a portfolio customized by you. So m one finances a great app. I completely love it. I like it more than Angkor, so and what finances? Basically my number one a prince will be like my number two or number number three, and the other option that I mean half for you is better than now. With better bent, you have different options to safe and invest. You open up the same sick account that you could withdraw at any time now within one finance or a corns. Your your money's in the market. So have you ever needed it? Then it will take a couple of days up to a week for you to get it. Plus, if you have it in a rough are array, you have to pay a penalty. So just be careful with that. Consult your financial advisor with all the legal tax ations. That may happen if you take money out of your account early, so consult with your financial advisor for more details about that But what I suggest you do is have a savings for a cushion for those lives on expected emergencies. And your cushion helps you out throughout your emergency. So So you don't have to take money out of your investment account. So you have the best of both worlds, savings for your emergencies and investing for your long term growth. So you get the best of all worlds if you do it that way. Well, the pretty much covers everything in a nutshell. Make sure you have all this down before you move on to the upcoming lectures. I really watch to get the most out of the score, so make sure you are internalizing this and taking action that way. You could really learn how to invest money properly. An established discipline in a daily success city. Well, that pretty much covers everything in this lecture. I'll see you in the next one 15. Building your financial powerhouse: my little fella students that they were gonna go ahead and cover how we're gonna build up our finances. I use an example of building our financial house. Is the backs a sample that I could explain in detail how we're gonna build up your investments, your income and everything else that we cover in this course. So let's go ahead and get started now to your right, you're going to see a financial house. Each part of the house is represented by a financial plan. The bottom of the house or the foundation represents the security financial plan, basically their foundation of your financial success. Then the living area is represented by the comfortable financial plan and the rule. Fisher Pinsent. If I the race financial plan now, I use this example because it really represents how you have to build up your finances. You got have a good foundation to build upon. Otherwise, the structure will fall apart Every time you have a weak foundation, Every time you try to build, everything just falls apart. So when it comes to your finances, you gotta build upon a good foundation, a concrete foundation. That way, you could build solidly and build a good financial house for yourself. Wanted doesn't crumble away. So in order to build a good financial house, what exactly do you need? You may ask yourself. Well, let's start with the foundation. Right. We gotta have a good foundation. I noticed for us to have a good foundation, we need a good career. Are career dead, not only pays the bills but allows you to live in a nice, safe place that allows you to take care of your family. A good career that I lost you too. Brief a later. If you feel like you just can't make ends meet may be issued Swiss careers. Now, in order for you to really feel complete and whole is best for you to realize that you gotta have a career that you like, that you feel that you are could accomplish more that makes you feel fulfilled. A good career is very important because that allows you to have some kind of financial stability to start with. Now, this is just a foundation, right? We just building the foundation. This is not what we're gonna end up with. But this is what we're going to start. So it's better to look at your skills and talents and see if you could make 40 to 65 or even more a year. So you go have a stable financial I. Now, once you have a good career, you also get to, ah, establish a retirement account. Guess we can't work forever. And you gotta have a good, solid investment account that, you know that you could retire some day. Now on top of that, also, you have to have an emergency account just in case anything happens, right? Things still happen. Car still breakdown. Unexpected things still happen in everybody's life. So an emergency I can't will take care off those unexpected expenses. Now, what else would you need to have a good foundation? Well, you need life insurance. Yes, in case something happens to you. At least your family could weather the storm financially if you have some type of life insurance so they could sustain themselves financially when you're gone. Okay, so now we have a good foundation. We have a retirement account, good career, life insurance and emergency account. Perfect. Now that we have a good foundation now it's time to go ahead and built up to our constable financial plan. Now, in order to have a comfortable financial plan, we need passive income, right? We need flexibility in our last because working 9 to 5 really takes up. A lot of your time in your life is composed of time, and if you sell it, it's a part of you that you could never get back. So you need more flexibility. You need more time to make even more money to do more with less. So passive income allows you to do that. Are the several ways that you could create passive income. You create a YouTube channel, right? You could do it through real state. You could do it through our blogging. You could do it through Kindle books, making online course. This is another way to create passive income, all right. And you could do it by investing. Reads all right. There's also stocks. They give out dividends, you create bassett income with stocks. No, Once you have ah, certain amount of passive income flowing in, you could go ahead and retire from your job, right? And you could diversify. You're comfortable. Financial plan. Basically 30% will be maybe untamable past income or pass. I think of the coast from online like YouTube, blogging can the books, all these things and then the other 50% you could head it. Or you could secure your passive income with real estate. Night legis Put our and stocks So you secure this passive income with real estate rental properties and dividend stocks. So if this income that is dependent on 1/3 party like U two or kendo or, um, put it on your courses, if they ever go out of business or anything, your income still secure because you have it. You have other passive income streams that are giving you the same or even more amount than you're Arland income. So you diversify que pasa thinker, and then you take another leap and you come up with for rich financial plan. Now, you, you personally invest in my PR owes right initial public offerings. If you don't know what that IHS, then we'll go over it later, arming the course. We'll go ahead and develop a big baseness because either soft big problems or served multiple people or it could be a combination of both Are big businesses soft, great problems for multiple people and the income from the business will put into real estate investments so we could have larger, real state like hotels. Then we're all pretty much all set up here. This is our financial house. This is what we're going to try to build because if you just depend on security, you won't feel secure. You'll be OK paying the bills, but you won't grow financially. You won't grow your investments like you want to grow your investments. You won't grow your income like you want to grow your income but the relevant passive income and headed that with real stating stocks having that balance will give you the ultimate financial independence. And once you have that financial independence, then you could really go for becoming rich. Well, this is basically the blueprint we're gonna follow in this course. I can't wait to teach your this concepts and I'll see you in the next lecture. 16. Financial Security Deep Dive: Hello. Welcome, Fellow students. Thank you for joining me in this lecture today. We're gonna take a deep dive into financial security in our previous lecture will talk about building our financial house and we're talking about having a good foundation. I would talk about the elements that make this foundation good. Having a retirement account. Life insurance. Ah, good career that. Ah pace you enough that you could have a decent life and an emergency count, just in case anything happens right now. Why is this important? Because if you wanna build a financial house, have ah good foundation. If the foundation this week, every time we try to build the foundation, will collapse because is basically it were built on quicksand. All of this will fall apart every single time. Now, also psychologically is important to have a stable, safe place. This just something we humans need. If you're between places, if you can't afford Yuran and you're living paycheck to paycheck, that's a really hard life to live. So having financial security is very important. Most people don't have a good financial security player. They don't have a good career that makes enough money. They don't have a retirement plan. They don't have life insurance and they definitely don't have an emergency account, so they're very vulnerable. So you don't wanna be those off. Millions of people out there will be one of the few. They have a strong financial player, so you could build a good, comfortable financial plan and move are to be in rich. If that makes sense now, the first step, it's making a financial player. You gotta choose, uh, what career path you want to take. You gotta choose while what you should invest in. You got to take action. No, making a financial plan doesn't have to be just on your own. You could do with your spouse or someone. You they knows who cares about you and see what kind of career you could actually do. That you'll be may be good at. They will make your 50 to 65 plus a year. That way you could have financial stability, and then you could work on having an emergency account and having an investment account. Now, another aspect of financial securities the type of account you should invest in, and most commonly, people invested a rough for array or mutual fund. Well, I rough. I race really a tax code. Basically, when you let's say you invest in a mutual fund, they disrupt in tow, a rough are array, you pay taxes of front and your money grows tax free. So what you should do is talk to a financial planner and see if you could get a good investment for your retirement account, a mutual fund that maybe thus 8 to 10%. He has a good track record that's been around 50 to 100 years, maybe. And the people who are managing it have more than 20 years experience. So that's what you should definitely locate toe when it comes to our retirement account. So you could have a great foundation. Well, that pretty much wraps out this deep diving financial security, so I'll see you in the next lecture. 17. Inside & outside investing: Hello, my fellow still in. So welcome back to another lecture. Glad you're here for another video. I'm so excited about this lecture because I want to dismiss defy the comfortable financial plan. Now, I know security seems very see and I thought, when I mean security, I mean a secure financial plan which consists of you getting a job, getting benefits, taking care of yourself first financially and maybe investigator mutual farm. But that could Onley make your money grow so much. If you really want your money to develop in a fast pace in something that you could eventually retire early, you're gonna have to master the comfortable financial plan. You don't have to master a rich financial plan. Just have to master the comfortable financial plan. Because if you're comfortable, if you live enough, Casablanca, if you're financially independent, your whole world just completely changes because now you have time to do all the things that you always wanted to do on a daily basis. Right now, your life is very small because most of your times to spend at work. But when your time opens up, then your life opens up even more so. But in order to do that. You gotta half the fundamental stand and anything you do, the fundamentals are very critical. Now he are the fundamentals off. Establishing a grade comfortable financial plan. You have to have leverage and control. And you gotta be a great inside investor to also understand outside investing. And I'm going to explain where levity control is and what inside investing is versus outside investing. Now, As you see here, this is outside investing. Now, outside invested is invested in things that you have no levity controlling there are out of basically your control. Basically, this things like mutual funds, stocks, savings accounts up on certificate deposited in your bank are controlled by external factors that you personally have no control over When your investing in mutual fund or stock or savings account. You're basically trusting somebody else that they're going to manage your money for you, and they're they're gonna be fair about it. Fair about the price of going to charge you for that service. Now, outside investing is good, but inside it's best in even better because he have more leverage in control of the situation. You have more control off the rate of return with the more leverage to control. You have an investment. Also, you have more risk, but it's on Lee risky if you don't know what you're doing. If you know what you're doing, the risk considerably goes down now because you could see on inside investing. Have Roger Property E Commerce Building an APP, building your own business for the property flipping PCs. Now this are things that you could actually control and make money on. The other ones are things that are controlled by CEOs, mutual fund managers, external control that you have no control over, and that you basically have to make an educated guess on how your money is going to perform . So inside investing will make you a great outside investor. And here's what at me, if you get good at inside, investing in looking at the numbers and looking looking at the financial plans of a business or rental property looking, how that's performing is going to automatically make you a good outside investor. Here's why. If you look at a rental property, you look at the income statement, you look at it the expenses you could see if the investment makes sense because the numbers tell the story. Tell the truth. You know a lot of flyers, a lot off mortgage brokers, a lot off real state agents. They're always going toe. Basically, they're going to sell you something retail, not wholesale. So you have to be sort of become like a financial detective. And look at that. Financials and see. Do the numbers make sense? So once you learn how to read the financials off a company, then you start to really understand how outside investing works. Because, let's say what's you get good at reading a financial statement for rental property, and you could tell if it's a good investment or not. If their rental properties performing well, then you could do the same for a stock that you're might be interested in. So be by becoming a good inside investor, you're almost automatically become a great outside investor. Now here's something that you should really consider. Leverage and control is something that could really speed of your process in creating ah, comfortable financial plant. Leverage is the ability to use other people's money are the people's time. All the peoples resource is because if you don't have the money and the resource is and you're very limited. You need other people to help you out into your investing. Journey in control. It's something that you could personally do to improve the investment. Let's say I by an ugly house in a upcoming neighborhood where there's more jobs and and the houses are selling like hotcakes, right? So I buy the ugliest house in the best upcoming neighborhood. No, I know it's going to sell, and I could add value to the properly, you know, by great, maybe Ah, fence around it, or just adding other features to that house that will make it more valuable. A cottage either backward or something like off that nature. You have more control in the outcome in a situation with that, of course, a market because own cell according to the market. But you have more leverage sickle troll when you're flipping of property, or when you buy in a rental property because you could do something about the outcome, right? If you know what you're doing, then the risk goes down significantly. Same thing with ah flipping PCs. If you know what you're doing, you buy. Use good parts, make a gaming PC and selling like, let's say, like Facebook marketplace and you start a business that way, too, because you have acknowledged in the control there. But when you invest in the stock or a mutual fund, remember a mutual for this run by mutual fund manager stocks around by CEOs, you can't call him on the phone and give suggestions on how to run their company. There's nothing you could do there. So by becoming a good inside investor, you're going toe automatically become, ah, great outside investors, and I started with inside investing. Let's say you start are buying rental property or build that eat commerce stores it. Let's say you develop a skill in the inside investing. Then there were automatically let lead you to invest in more passive income. Let's say you start with e commerce. You say, Let's say you will become a master, are building Shopify stores, for example, and you take that money and you invested and let's say David and stocks now the passive income from those dividend stocks is also adding to your your passive income revenue every month, and also you could take that money from your e commerce stores and investing in rental property. So now, every single month for every three months, Whenever you could afford, you could start increasing your passive income. And that's the fundamentals off building. You're comfortable. Financial plan it. You gotta have leverage. You gotta have control. And you gotta have, ah, specific skill in inside investing. It could be flipping properties. It could be building your own app. E commerce, reds, a property. But you have to start somewhere inside investing. So you could start investing in the outside, creating that passive income. They will create a life of freedom for yourself. Now, in the next our lecture, I'm gonna go ahead and give you some more ideas off this and you could do two great passive income. Well, thank you for joining me in this lecture, and I'll see you in the next one. 18. Comfortable plan deep dive: Hello and welcome. Phyllis Lewis. Thank you for joining me in this course. I'm so glad that you're here. So they were going to take a deep type in the comfortable financial plan. It is really one of my favorite topics because I love talking about passive income, So let's go ahead and get started. In a previous lecture, we talked about building A from the Asian correct a correlation or financial security. And this is important because we're trying to build our friend at your house and we need a good foundation now, once we have that established, then assigned to build the living area or our financial house. So in order for us to do that, we need passive income. Now, to my left here, to several passive income opportunities that you could take advantage of. No. In order for you to establish a very well put together comfortable financial plan there some the certain things you gotta do correctly and that's planning. First, you gotta write out your financial goals that you have for yourself, right? And those financial goals you could ride amount enough in the inter plan, right? You could write off a financial plan this put here for financial plan. Plus, you could write out in your daily planner your daily activity, right? And I just put the for daily activity So you break that down so you could achieve your goals. Let's say you wanted to get into our writing, our kid, the books and you figured out that by writing six pages a day there, you could hear your go off having one. Can the book published each month? So you make a financial plan. Based on that, you see how much money you could possibly make? A. You figure one book a month would hey your financial goals. So you break it down into your daily activity. You write that down in your daily planner now, every day you know what to do in your daily planner, you will have a time set were you only focus on your right, right? Because as the dogs were basically, we have other things going on. So, even writer in your daily planner, it gets done also, another factor that you have to really, uh, pay attention to it's education. Eight passive income opportunity has a learning curve attached to it. You're not gonna learn everything. One day everything takes time. Where there's real estate or online store or making online courses or blogging or kindle books. You have to factor in the fact that you're gonna have to learn this from a course from somebody who's been doing it for years, right? So it's best that you just pick one, get good at it and then move on to the next. So let's save you decided to just get really good at Kendall for 6 to 6 months to a year. You have that down now. You haven't income producing acid now or assets. If you have several books right and same thing with calling courses, you take 62 months, six months to a year to learn that, Then you get really good. Now you have another income producing asset here and say that they were real state, right? Same thing applies for all income opportunities, right? Once you have it down, once you take six months to a year to relearn it, learn the proper skills like marketing, which content you have to to write about or what properties look for. Then it becomes a whole lot easier, so it's always best to master one thing, and we want to the next. Because if you jump from one course to another, then it you might get confused. And I confused. Mind us doesn't do anything. So write out our financial plan just for one income producing opportunity. But it said, let's say like Kindle books, learn everything you can about it from six months to a year. Then you can move on to something else, but really take the time to build solidly when you do your comfortable financial planning. What? That's it for this lecture and I'll see you in the next. 19. Salesfunnels are very important: Hello, my fellow students today. I want to go ahead and explain to you the best way to structure you're comfortable. Financial plan. I wouldn t want to dissect the countable financial plan because I think that's where everything else begins. That's where your fortune begins. That's where you start to see the light off the end of the tunnel. Sort of speak, because insecurity, it's, ah, everything grind. And people don't like the stage in their life where they're working 9 to 5. They just have a secure top it now see how they could grow out of that's. But eventually, if you practice are everything in this course, you will see for yourself that establishing a comfortable financial plan. It's not as a SIA's. A lot of people say it. It's right just a lot of business opportunities out there. So I just went out. Simplify the whole process for you, and the best way I could explain it is you have to start a sales for no, that creates an income. And with that money that you make, you have to distribute that mining properly so you could have a well established ecosystem that constantly makes money in your comfortable financial plan, and basically it is a squad at me. Money goes in here into your ads. When people go to your landing page, maybe get a free gift to go to your platform, make him an offer, make them an up sell you can money. 30% of that money costs into your real estate investments. 30% goes back into ads for your business. Very present constance of stocks and 10% goes to charity. And that and this money they you make on ads goes all the way back and repeats the process all over again. Now, in order to accomplish this effective leak, you have to have a system where you invest in real estate. You gotta have a system where you're constantly making sales online and your costly noi where to put your money in stocks. And, you know, the charity is really up to you. But this is a process that gets the ball rolling and you're comfortable financial planning . And let me just give you an example really quick what a sales final looks like. I really want to make things clear. Okay, All right. So let's say I have a supplement helps people this weight. I was here right in my value statement or the benefits. Let's say I have a supplement. Then they could help you lose £50 or more in two weeks. You know you have to do is probably simple diet as well. Watch free video if you submit your email so people would submit the email over here, then they will press the button and tow. Watch the video right, And here would be the video, all right, And in this video I will take all the problems that they're probably having losing weight and put the supplement. It's the solution, because whatever the supplement could saw for them, that's probably working. Looking for and over here will be the order form where to buy the product. And I might give him an Upsell off Freeport or a nap. Sell off some gym equipment. If you need to exercise in order to lose more weight, that's enough. As for me, I will have to create. I will have to create any type of a gym equipment. I would just be affiliated, and I will still get a commission. So this is a sales final right, And, uh, And after you have yourselves find all that money that you make from this cell phone, Oh will go into the real state and stocks and that released, like, the foundation off your of your passive income when you're building a constable financial plan because good, real state, but in good locations and put in a good rental program, let's say like Airbnb that will make you my for the rest of your life. Also, you buy good stocks and good companies that could make you money for the rest of your life . You're all our business. Could change, right? Because, let's face it, changes happened in business all the time. But at least you're real stating stocks or your foundation and your ads help you fuel your business. So this is your comfortable financial clear. This is a structure you gotta have in order to get your cash machine going. Sort of speak. Now there's several other courses Super t on building cells far Nelson. Marking a social media to increase your knowledge on, uh, this endeavor. This source, of course, you could take on real estate investing in stocks. Education is very important to achieve a great comfortable financial plan. So that's really where you're gonna be. Advantages. How much You know, Guess it's what you don't know. That's really gonna hurt you. It's gonna cost you a lot of money. So I encourage you to get more educated so you could have a great comfortable financial plan ce cocoa ahead and plan out a rich financial plan later on. So that pretty much covers this lecture. I hope it was very educational, and I'll see you in the next one. 20. What we learned so far: hello and welcome students. Thank you so much for joining me in this lecture. I'm so excited that you're here. Now. I know we've been through a lot of lectures and I just wanted to have, like, a quick overview off. What? Everything. Everything they would learn. Also take a brief, deep dive in the race financial plan. So let's go ahead and get started. So so far, we talked about building this financial house, the doctor, about having a good foundation that we could build upon because we have a weak foundation. What happens is every single time we try to build our financial house, it will crumble. And we have a weak foundation. So is very critical that we have a good foundation, right? And we talked about what needs to go in the foundation to make it concrete to make it solid so we could build upon. And the first thing is a great career, right? We need to be able to maintain ourselves and our family. If you have one, be able to pay your bills bake, able to live somewhere and able to establish a retirement and save its account and an emergency account right So we talked about all the elements. They need to go into this our financial security plan, Right? To have life insurance, just in case anything happens. So this is our war foundation, right? A great career. Understand? Count life insurance in a great investment account. Right. Then we moved on to having comfortable financial plan, right, gets the comfortable financial plan and really represents our living space here in this financial house which wanna build. And we want to be comfortable in our living space, right? So, in order to create at the passive income, there's several ways we could do it. We could do it with Kindle books or online store. We could do it with individual stocks, you know, gets the money from dividends. We could probably some island courts to see how specific skill that you could teach others . We would do it through a small rental property. You could put some property, even a room X on an extra room that you have in your house. You could put it on every and be and makes Mr money You could make a newsletter if there's an interesting subject that you know a lot about instead of writing Hope book. You could do a newsletter and people will subscribe to the newsletter. And you could also do it through blogging. Right? Also, you could take the passive income from this assets and buy more small rental property. But I just can't book. Were are for rental property and stocks. Right. So the stocks allow you to let's say you rest in a company that is, you know, brand new, but it is breaking ground. You you feel like it's gonna be the next I'm a sauna. Cool stocks will allow you to have that capital growth, right? Those leaps and bounds in investments, right? The passive income is there for you to live every day. Pay your bills, you know, have some freedom. But you really want to focus on investing in real estate because that creates more stability. Because online, passive income, it fluctuates. Right? But if you secure your income with real state and you get that capital gains and in the growth from stocks, you have the best of both worlds. So you take the money that you make from here, right? And you put it over here and then you put it over here with stocks. Now you have a great balance. So so far we have, ah, great foundation. And then we moved to having a good, comfortable financial plan. Right now it's time to move on to the rich. One inch of plants crack. You know, I'm gonna go ahead and put that lecture in the next lecture because that the services own explanation. Well, this covers this lecture and I'll see you in the next one. We'll discuss the rich financial plan. 21. Deep dive into a rich plan: Hello. My fellows to last. Thank you for joining me in another lecture. We're gonna go ahead and start where we left off in the previous lecture. In this lecture, we're gonna go ahead and cover a deep dive in the rich financial plan. So excited. Can't wait to get started. Now, I'm going to give you two examples. There were. You get the concept and this two key concepts are going toe that you know why you need to do in order to his brainstorm how to get a rich financial plan started for yourself. We'll go dive deeper and more concepts later on in the course, you know, But this is basically the fundamentals that you have to kind of understand in order to write a rich financial plan. Okay, Now, let's go ahead and start with the best thing. Example first. No, we're gonna go ahead and take four properties from your comfortable financial plant, right? In the previous lecture, we talked about building a passive income and securing it with some real state in some stocks. Right. We're going to take some of this real state, this four properties here they come from your countable financial plan and we're going to sell him in a way that we exchange it for. Ah, hotel. Okay. And this process is called a 10 31 exchange. No, yes. To clarify a little bit poor. I was really from Google. Says thanks. Toe the i r c. Section 10 31 a property structure 10. 31 Exchange allows an investor to sell a property to reinvest the proceeds in a new property and to the for all capital gains taxes. So we're gonna go ahead and sell this for properties. We're going to defer capital gains taxes and exchange it for our hotel for bigger and better investment. More profitable investment. Now, once you master this process, you have to just do it over and over again until you hit your income. Go. That's a each hotel that you investing makes you for example, $250,000 a year. Then if you wanted to make a 1,000,000 all you have to do IHS do for 10 31 exchanges to hit your goal. This is an investment strategy that is scalable, that is, learn herbal. And once you master it, this guy's to limit. So this is and the investment example. Now, let's go ahead and talk about the business example. I went ahead and describe over as a perfect example for the rich. Financially. Why over well over has great attributes. Now over serves a lot of people now you wanna build the business to become rich or wealthy , and it has to serve a lot of people. Now. More people you serve, the better it has to have an ongoing need. People need rights all the time, so over has a are going. It is a great business now. It solves the problem. People need a ride. People need to get from point A to point B, so it is solving a problem, and it's scalable. That's one of the most crucial parts off any business. How scalable Isett. And if you don't know what scalable or scalability is, is basically the ability to grow the business right. Let me explain a business that it's not scalable like like a restaurant. If you buy a restaurant, you have to either lease or buy the equipment. How your personnel at least our or by a location, right? If you wanted to duplicate that you wanted to grow. You have to do that whole process all over again. It's not easy. Start scalable ride with Hoover, for example, for over to grow. They just have to do some marketing. People download the app that will get more drivers to get customers, and the process could be repeated over and over and over again. Right? So that's what makes over such a great example. Because if you have, if you could put our problem and a solution together right and you could get other people involved in making money, it's a win win for everybody so over. It's a great example for the type of business that you may want to build. It is scalable that serves a lot of people now is a special form of that. But I want you to remember either for investing or for business. Now, in order to be successful in the rich financial plan, you gotta have those three things. The business or investment has to be scalable, has to be duplicated herbal, and you have to be able to master it. Like the San 31 exchange right, it's capable is a ceded to duplicate over and over again and you could master that same thing with, Let's say, for example, over or ah, marketplace. Where you have a problem, you provide a solution and you could get other people involved. So remember, it has to be scalable, has to be duplicate herbal, and you have to be able to master it. Well, the pretty much covers everything in this lecture, so I'll see you in the next one. 22. Investing Objectives: posters. Thank you for joining this lecture today. We're going to talk about investment objectives Now. The street mean objectives and investing. It's easier to be secure, Toby comfortable or to be rich. And every time you invest, you have to look at your three financial plans. Your plan to be secure, your plan to be comfortable. You plan to be rich and fit the right investment in each plan. Let me go ahead and explain to you what exactly do we mean by that? Okay, let's take example, a mutual fund, right? Our mutual funds and investment that's safe, insecure. This belongs in the foundation of our financial house. Right now, our mutual form basically works like this. Let's say this practice a mutual fund, and inside of it right there's gonna be, ah, several companies, right? And every time your investing in mutual fund it goes, let's say each box is a company. So every time you invest in a mutual fund, your money goes divided Lee into each company, you know each proportion gets a different amount of money dependent, how stable that company is, and what's the and how much does the mutual for manager think that you should invest in a company, right? So let's say it. Behalf, for example, Coca Cola here for See Pepsi here Now, depending on how this companies are performing, Coca Cola make make it more of the money than Pepsi at a given time and say You have chipotle a here and you have Ah, Taco Bell, right? Let's say we here, depending on how they're doing, Then the mutual fund manager will decide which one gets the most money and wanted snapper for me. Well, it's a path to snapper for me. Well, they'll just take that off the mutual foreign and invest in a different company. And that's basically how metaphor works is. Of course, it's more complicated in that, but I'm just giving you the easy to understand version, right end up the mutual fund manager and the that mutual fund company charges for the management of that. But the mutual fund and within itself, the whole purpose of having a good, secure mutual fund. It's for retirement, right? So this equals retirement. So that's the purpose. All having a good mutual fund Now you could put your mutual fund in some kind of tax sheltering way so you could invest that it and the money call girl checks Tax free, Let's say through a Roth, Ari, right, let's say you put your future front in our rough IRA so you pay taxes up front, but your capital gains grow in their tax free. So when you start taking money out or that money saw their tax free because you paid tactics out front. So the purpose of our secure investment is not to make you rich is to have a say retirement in belongs in your foundation. Right now, a lot of people get confused because when they talk to a financial adviser, which a financial advisor for the most times, it's, ah, sales person, and they usually sell investment products like mutual funds and life insurance. Right, because that's what financial advisors expert in they expert in secure investments and retirement. They don't specialize in passive income, and that's where I think most people getting stuck see each object if it's different. Dis objective for retirement. It's a hard different than you developing passive income so you could quit your job in the passive and business investments. Okay, Now, once you have this down have a good job that you like and you have a good retirement. Then it's time for us to look for business investment forward slash investment opportunity that you could take advantage of. So then you could go ahead and build or get ready for a rich financial plan. So in order for you to have a great secure find me a comfortable for that. Your plan. Excuse me? You gotta have basically the best thing to do is the business that develops passive income , right? And an investment strategy that develops passive income. Right? And that's really ah, comfortable financial plan. In a nutshell, right? Let me give you an example. Let's say you choose to write Kendall books, for example. Right over here. Let's just put kid of books, right, Scandal. All right. Plus, your investment strategy is basically gonna be a real estate, right? Let's just put real estate. We just put our for real seat so your you go go ahead and make in the books and kind of investing profits in rental property. Now, with the amount of money you're making rentals, you have more time toe make kindle books and so on. And so forth, so you start to begin to be more comfortable. And once you have developed enough money, let's say for your rental properties you could go ahead, invested money in Ah, that's a individual stocks, right. This put here, the visual stocks are Well, I'm just gonna put I s for sure for individual stocks. And maybe now it gives you more time to create, maybe on online courts, right? And you get into it's AOC online course. You could get onto other ventures once you have investments, tragedy in place and you could implement and duplicate. But you have to get the ball rolling with some kind of what I call passive income business . Right? Let's say you're a trainer. Let's say you're Let's say you're a bodybuilder, right? Your spirit, your respect, teas is body building right, and you build a course on how to train on video, right? And you put it online. And you let's say you built on amazing sales. For now, let's say this is yourselves for no, all right. And in yourselves far, no, let's say you have Ah, um art click finals website or sales final Click Finals, right? Our click funnels and then from the clique funnels that they go to your offer, right? Anything you start making money in. All this is accomplished with ads, right? So you you put money in your ads, right? And it goes down to yourselves for now. And you start making money with your expertise and you take that money right and you're invested in real estate. All you could also invested in individual stocks. Right? So here you go. The more money you make from your your course, the more money you go ahead and invest in real estate. And the more money you have to invest in individual stocks and the more money you have for ads and the more money you make with your course and it becomes like, I would like to say, like a full circle money making process, I'm sure this a different way to explain it. But it just becomes like a cash machine, and and once you have this cash machine, Goran, then you could go to what I called the rich financial planning section. Now, in the rich financing section, you have more opportunity. You could invest in hedge funds and AIPO hotels and motels apartment complex. You could become a silent partner. Like, have you ever seen Ah, shark tank? Basically, that's what a solid partner is. Just invest in the company and it grows. But you have some ownership, some cash flow from that company you helped grow. And this is what I call rich investments. Now, all this investments has one thing in common you need on a lot of capital and a lot of this investments you need to be where the call an accredited investor. So let's go ahead and look at Google and see what I credit that investor is. Okay, so here it is. Who is an accredited investor and in credit investor in the context of a natural person includes anyone who earned income that exceeds two country 1000 or 300,000 together with a spouse in each of the prior two years, and recently expressed the same for the current year. So this a certain income level that you gotta have in order to invest in some of this investments like an I p o. Like if you speak to affirm, that s special Isis and IPO's, which I po basically means initial public offering Let's say a company wants to go public right? The door not feel. But several investors are only allowed to invest in the i p o before they they sell the startling their company into the start market. So there's a lot of different opportunities out there that could make you really rich investment opportunities. But you need to be coming in a credit investor. And if you will, never becoming a credit investor if you don't have are great, comfortable, secure passive income plane, right? If you don't build this little cash machine here, if you're Bill, you're comfortable. Financial plan, right? You'll never get to the rich financial plan. So this is the point of trying to make you have to build silently, just like I stated in our first lecture. You gotta go from security right from here. Then you build your security, you build your cash machine, you build our passive income business in an investment strategy. They keep stoop licking, accuse making you money, and then you become an accredited investor. And then the floodgates off opportunity opened up here in the rich investing plan, and here you could, playing out a big business that serves a lot of people, and you could buy bigger, larger pieces off realistic, like hotels or motels. Or you can invest in hedge funds disguised limit. But first, you gotta have the foundation off security and having a great comfortable financial plan. Well, this basically covers my lecture for today. I'm so glad that you guys were able to join me and I'll see you in the next lecture. 23. Leverage & Control 1: Hello, Welcome. Still instinct you for joining me in this lecture today, we're gonna learn about leveraging control and how that affects our faster money growth. So let's go ahead and get started. Leverage and control really determined the peso how fast your money grows. Now you're probably asking yourself, but what its leverage exactly leverages other people's time in other people. Smiley control is what you can personally do to increase the rate of return on the investment or business. Let's say if you brought up property for a rental and you fixed it up in such a way that attracted more renters to your rental opportunity, then you will exercise the control because you did something personally to increase the rate of return. Now, when you combine leverage to control, you have a winning combination. And when you have both Dan, when you add them together, your money grows really, really fast. No, in previous lectures would talk about having a security financial plan comfortable financial plan in the rich financial plan. Now, the best way I could explain how leveraged to control work is through an example. Now, let's say John, it's following ah security financial plan I say, Jill, it's following a comfort plan. And Jane, it's following a rich plan. Okay, now, John, it's just starting out. He just graduated college. So he has this plan for security, but he wants to save a $1,000,000. So John wants to save a $1,000,000 cash. Joe is just starting her YouTube channels running her books, but now this is independent. She's seen that she could control her income a little bit better, and she's very comfortable. And she wants to say $4 million. So Jim wants to say familiar Now, Jane as different idea how to get that 1,000,000 now in security. If you remember, you're basically just saving investing in conservative, um, financial vehicles, so your money doesn't grow us quick because you don't have that leverage and control. You have other things working for you or other people working for you or other people's money, as you could see here and security. You're basically have a job. You have a stable income in a retirement account and some life insurance, but you can't personally control the amount that you get in return on your retirement. You can't control that, and you can't control your income because it's pretty determined by your career or your boss. Somebody else and other factors determine your income. But here, in the comfort financial plan, you have at least three sources of income. For example, let's say you have three sources off income. One issue, too. Oneness. You're a Shopify store. In the other is one rental property that you have. You're making 50 to $100,000 a year. You're really comfortable. But you're also limited because you're doing all the work now in the rich financial plan, you have other people working for you and other people's money. So this is a plan that goes much faster Now. John wants to save a $1,000,000 but he's in Ah, for one care his job. So it's really gonna take him a while to save those $1,000,000. It talks about his financial planner. His financial planner says it's gonna take him 35 years to have a $1,000,000 cash. Now, Joe, come somewhere for a financial plan and see this US is going to make one online course a month, published one book a month. It's just also going toe try to buy at least one rental property a year, and she figures with the numbers that it's going to take her around 15 years to say $4 million cash. Now Jane thinks a little bit different outside the box. She doesn't want to work for the money. She wants money working for her. So Jane, once a $1,000,000 but it wants still invest that $1,000,000. So what Jane does let's say this is a pink right here. Jane goes to the bank and goes to the lender and says I need a $1,000,000 because I'm about to invest in a big property. It's also gonna have some entertainment, so the revenue is gonna be pretty good. So Jane gets a $1,000,000 within 15 minutes. Now, do you see the difference between 35 15 years? 15 minutes. Jane is using other people's money, and not with those $1 million does she borrowed for the bank. She could buy ah hotel, or she could buy a business or investment and pay off her loan and keep the rest of the money s income. And that once, uh so utilizes control, increase the rate of return. She was able to pay off the loan in 10 years, so she paid off her $1,000,000 alone. Now, Jane, it's making $300,000 a year for the rest of her life, and she's able to save up a $1,000,000 within seven years. So every seven years she could save up a $1,000,000 plus interest because she's a smart businesswoman and, she notes, went too invested. Now do you see the difference between security, Comfort and Rich? John might be doing the right thing, but the investment vehicle is really slow. His mutual fund his for one case, working really slow Joe. It's working hard to, but it's only so much that she could dio. But Jane uses all the people's time in other people's money, and her money grows out a larger pace. Now this pretty much covers this lecture. I hope that you took that notes, and this all makes sense to you. I'm gonna go ahead and cover in detail each financial plan in the common lectures, so you have a better understanding how to use a friend at your plan to achieve your goals. Well, thank you for joining me in this course, and I'll see you in the next lecture 24. Leverage & Control 2: Hello. Students say we're gonna go ahead and talk about leverage and control. Now, this two aspects off finance allow you to increase your income and your investments at a faster rate. Now a fair warning. There's no sexting is getting quick rich. There's a learning curve to everything. I don't care what it is. A mess on FB a real estate. Whatever opportunity you want to take advantage of this a learning curve and usually the learning curve is the whole lot steeper in the whole lot. Harder than what you think it iss this a fair warning. You know, if you think that all this stuff that I'm teaching you, it's gonna be easy, you're you're gonna have a very rude awakening. It's not easy. It's accomplish a ble. You know your lifetime, you could achieve this, but you have to go through some hurdles. Unfortunately, you know, there is no easy way to get rich. They're just Isett. So have you have that kind of mentality? You need to stop looking for the easy way to get rich and really start grinding every single day and build up your finances. Now with that being said, let's go ahead and talk about leveraging control now. Leverage is a very important tool. Leverages other people's money, or it could be other people's time. Or it could be a business model, right? Potentially if I lavishing business models. Because if you find a business model that is very easy to duplicate success and you see the scale than you find action, a leverage there okay now could troll, on the other hand, is basically your ability to affect the investment directly. Now let me give you an example, right? They say You're investing a mutual fund. Let's say this is a mutual fund, right? No. Is there anything you could do to increase the income? The answer is no. There's nothing you could personally do because it's managed by somebody else. Somebody owns this mutual fund companies, so there's nothing you could do the same thing with the stock. Can you personally do something to make your stocks do better? Absolutely not, because the stocks are owned by different people, right? You own a little bit of the stock, but you can't personally affect the sales. So that's off that stock or that company, right, So you have no control right. But let's say, for example, you started your own online store, right? Let's say sorry, only up. Island store. Excuse my art say so far. Ah Shopify store. Right. Well, you could control several times with a Shopify store, Right? Go crow, control the ads right To bring in more customers, you go control the look and feel of your store, right, and you could also go ahead and control the quality right? The quality is so many things said that you could control your online store so you could control the income. Right? The income and the outcome off the Shopify So but can you do the same thing with your mutual fund? Absolutely not. So control allows you to increase your income right now if we if we put side by side, let's say you have a stock here. Let's call the stock. Are apple right? And you? Can you compare it to Let's say you start your own. Amazon's too right. Say, start your own Amazon store. Now your apple stock. Can you personally do something to increase the sales of Apple? Very little. Maybe you could use a review videos of the latest iPhone, but That's not really gonna help the stock dad much right. But with your Amazon store, you could do a whole lot more because you could choose the type of product that you're gonna sell. You could choose the advertising. There's more control. So the more control you have, the more chances you have to increase your income so you need leverage and control right control. It's what you can do, right? It's what you can do to increase the rate of return on any type of business or investment. Now you're investing in real estate. That's a lot of things you could do to the property to increase the value to increase the rate of return right. But in other things that, like stocks or bonds, there's not much you could do to create the rate of return. Sometimes the radar returns is even fixed, right, so you have to have leverage, which is other people start for the People's month money or a business model there. I'll ask you to scale and you gotta have control Now. Leverage is something you have to be careful, though. Let's say you use leverage to say all the people's money over the bank's money to buy real estate now real say, could be really tricky because there's a lot off deals to look good on paper. But they're not really good, because what happens is brokers and ages list a property like it's fully rented right to its maximum potential. But that's not what the actual properties making. So you buy it at a very high price. You're not gonna make any money at all. Sometimes she'll be in the negative. So you have to buy property at the right time, right? I mean, at the right price. I'm sorry, and you have to buy that the right market because you buy a property. Let's say, in a oversaturated market, you have a lot of competition. It's harder to get renter's if that areas overbuilt. So Leviticus troll are things that are tricky. But if you learn some basics, if you learn what to look for in real state investing in our Masonic building, your own Shopify stir if you know what to look out for, left tackle truck really help you increase your income for levity control. It's something you have to master. And like anything else, it's a learning curve you're not gonna get good at levels your control just by listening to this lecture. You know, you have to re books out there one of the books. I highly recommend this rich that poor Dad and some of the Siri's they have are available. Let's say, like the A B. C's of real estate investing. Ah, Holly recommend you read those type of books because they're really will get you the fundamentals about lavishing control. You know, this is I'll give you the basics and the fundamentals here. But you need more information on how to manage leveraging control in order for you to really be successful financially. Well, this pretty much covers this lecture, and I'll see you in the next one. 25. Finalvideo: Hello, My fellow students. Thank you for joining me in this course so grateful that you became a student. This is the last lecture in Are Very Grateful Dead. You went on this journey together. Now I just want to go over some pointers before we, uh, wrap things up here first. I just want now, go ahead and just go over some things. I know that we went on this before, but I just want this to be a fresh on your mind before we in the course. Always remember that you have to have, ah, plan for security. And that's basically having a good career having a good retirement account, make sure it's a good mutual fund. Um, that has a history, and that is managed by good people. Make sure you have, ah, life insurance that you have a family and make sure you have an emergency account just for those mishaps that happen in everyday life. Right Then, you we could move on to our passive income, which is our comfortable financial plan. Now there's many different ways off establishing this. My suggestion is you start with your passion. Let's say you're passionate about surfing. Go ahead and sign up for Amazon's affiliate Program our creator site off surfing and just recommend products that you use for surfing prostate. You know they are good, and then you could start making commissions, and you could also start a YouTube China on surfing. Recommend products there and the people click on the link of your new description of the products or your video of the Ask them to. And then you commit commissions there, and they start saving the money from that business so you could invest in real estate and its stocks. And once you get your first business out the way, especially if you start with your passion, then you could move on to other affiliate programs. That might be more profitable, but I suggest you start with your password first, just to get the experience under your belt. Just learning how to create a website learning how to create contact from your website. Once you have that down, then you could start being an affiliate for other higher pain programs like click funnels. They're paying very good commissions and they pay recurring commissions, but you have to get your first business out of the way Now, if you want to be a new affiliate marker, you could always right kindle books to online courses. This plenty of things that you could do to make money online, But you have gotta have the skills to build a sales for No. You have to know how toe make your abs attractive to attract whatever customer you want to get. And you have to learn how to invest in real estate and stocks. Once we have this down, they would move into the rich financial hand and you could movinto bigger real estate investments. You could go ahead and build a big business and serves a lot of people, and you could actually lived the life of your dreams. But it all starts from the bottom to the top. When it comes to building your financial powerhouse. Gotta have a security financial plan. You gotta have ah, comfortable financial plan and then you go on to move to a rich financial plan. When you build solidly when you're taking steps like this, you're always gonna have less volatility in your building. You know when you're have a financial plan or you have a business idea that you're not sure off your financial life is gonna be more up and down. So this is the structure that you could actually follow Tow bill. Solidly. So you could have success with your own skills and talent. So go ahead. I encourage you to build your own financial. And he could draw the house just like this. All it takes us some piece of a piece of paper and in a pencil or pain. And just follow your dreams. Just follow your financial plan. According to you. Customize it to who you are, sir. Person. And stay true to yourself. I'm so grateful that I was able to teach this process to you. I hope that you take advantage of it and become a huge success. And please let me know if you have any other questions so I could go ahead and help you on your journey. Well, thank you for being my student. Thank you for taking this course and I'll see you next time