What is an investment?
Investment: the action or process of investing money for profit or material result.
You take your money, invest it somewhere, get a return higher than what you started with. Sounds simple enough, right?
So what is the best Investment to be in?
401k? Traditional IRA? Roth IRA? Keogh? ETF? Mutual Fund? Cash Investments? Stocks? Bond? Stock Options? Commodity Futures? Security Futures? Buying/Selling Homes? Rental Property? Buy/Sell Land? Forex? The list could on, those are just a few I can think of off the top of my head.
So with this long list of investment opportunities, what is the best? Where do you start? What does any of this mean? What are you really even investing in? Is it secured? Is it safe? What happens if the market collapses? Am I guaranteed a return?
The Stock Market and Government Will Fail You
So you have been perusing the “American Dream.” Which includes going to college, get good grades, get a good job with good grades at a great company. You know, a “safe and secure” job. You also have the 401K/IRA/Roth IRA ect…, the 2 card garage house on the corner with the white picket fence, a couple of children, and a dog. Or that annoying cat that just wont go away.
That all sounds great right? But then September 29, 2008 comes around and Dow Jones fell a total of 778 points, or 7 percent. Top 10 Biggest Drops in DOW History
To make the above charts very simple to understand, the crap hit the fan. 401k’s were cut in half, if you were lucky. Some people lost more than half of their 401K’s, IRA’s and any other investments they had. We all thought we were safe and everything was going perfect. It took about 6 years for the market to return back to where it was in the peak of 2007. The market has been on the rise since then, but does that mean we are safe?
Are We Safe And Secure In The Market?
No. It will crash again, and you must be prepared for this. There are opportunities in the market to make money, so I cannot totally bash it. But, I do not feel it is the best investment one can make.
The Greatest Investment
The greatest investments you can make, are the ones you make in yourself. That’s right. Not stocks, not IRA’s, not 401k’s, not bonds, housing, or anything else. The GREATEST investments, are the ones you make in yourself. How can you grow without investing in yourself first? This has to be the first and biggest investment you make. Invest in books, training programs, seminars, get around people with like mindsets, get a mentor, invest in getting around these people. You want to learn and have as much knowledge as possible. Keep in mind I didn’t mention going to college. Unless you want to be a brain surgeon, college is not really necessary if you’re looking to be successful and have financial freedom.
You may know some of these famous people who became successful that either dropped out of college, or didn’t even attend college.
John D. Rockefeller – Founder of Standard Oil Company. Net worth US$392billion (in 2016 dollars; inflation-adjusted) in 1913, according to Forbes)
Henry Ford – Founder of Ford Motor Company. Net worth $188.1 billion (based on February 2008 data from Forbes)
Richard Branson – Founder of Virgin Atlantic Airways, Virgin Records, Virgin Mobile and other Virgin brands. Net worth US$5.2 billion (January 2016)
Steve Jobs – Founder of Apple. Net worth was estimated at $10.2 billion
Bill Gates – Co Founded Microsoft. Net worth estimated $84 billion
Dave Thomas – Founder of Wendys. Net worth estimated at $99 million.
Kevin Harrington – Co Founded The Home Shopping Network, Original Panel Member of Shark Tank. Net worth $450 million.
Mark Zuckerberg – Co Founder of Facebook. Net worth: 48.4 billion (2016)
College will not assure you financial freedom and success. Only you can assure yourself financial freedom and success. The above entrepreneurs either dropped out of college, or didn’t even attend.
You have to dream big, take massive action, get out of your comfort zone, and know that you cannot fail unless you quit.
Where To Start?
Books are incredible investments you can make in yourself! It is said that the most successful CEOs are reported to read at least 60 books per year. Why? They’re looking for that million dollar piece of information. Sometimes you have to sift through a lot of bad information to find that one piece that’s worth millions.
You need to be reading every single day. Reading is fundamental. “Readers are leaders”. Reading is personal development. You need to make sure you are reading the right material. The books that people have put the time to write to help people.
The best ideas in the world are in books. Someone has compiled their years and years of experience into that book. So instead of going through struggles for 20 years to learn lessons the hard way, someone wrote a 200 page book to line out what worked and what didn’t work. 20 years worth into a $15-20 book. How much value does that 20 years of experience have compared to the 200 page book? That a HUGE return on investment when you get that book.
Think like a business owner. Looking into it as an investment. Consumers think “oh wow, $20? That book is way too expensive.” They’re not looking at it as an investment, at how that $20 could turn into $20,000,000. Stop thinking like a consumer, and think like an entrepreneur, a business owner, an investor.
If you want to get ahead of the game, and you should, you need to think like others don’t think. Others do not read. For others, the $20 book is too expensive, they make excuses about how they don’t have time, they say it’s boring to read, only nerds read; yet they complain about not going anywhere or doing anything with their life. You need to read, and read often, read as much as you can, read every day! You’ll get ahead of the game!
The investment in YOU is the Greatest Investment you can make.