Category Archives for "Investment"
What is the best investment you’ve ever made? In this article on Entrepreneur.com, me and several other billionaires and multi-millionaire entrepreneurs share their insights on some of the most successful investments we ever made.
Personally, I’ve made a lot of investments across multiple different industries and niches. I love investing it is by far the most important part of my career right now and takes up 60% of my time these days.
On average we make dozens of investments per month now ranging from small investments in the tens of thousands into the hundreds of thousands and the millions.
But there are a few things that I value regarding the best investments I ever made. I share my insights in this article.
One of the best immaterial investments you can ever make is picking the right life partner.
You’re going to be spending a lot of time with your significant other and your life can either be a hell of an experience or a heaven of an experience.
Whether you have money or not with the right life partner, you could be considered super-wealthy, or regardless of if you have a lot of money with the wrong life partner, you could be regarded as extremely poor.
Picking the right life partner who supports you in everything you do is something a brilliant smart investor calculates very wisely. It is by far one of the most important investments you will ever make.
Then comes your kids, this is again the most important investment you will ever make. If you fail to invest the proper time energy and knowledge into your children, you will experience a challenging job parenting.
Good children could be the bedrock of your family experience and ultimately your entire future success. Bad kids or children who you’ve never invested the time into grooming into little confident rock stars could eventually end up costing you a whole lot down the road.
Your kids could be your greatest investment ever so make sure that you properly take the time out to educate them on everything they need to be prepared about to conquer the world.
I make sure my kids continually learn and apply also consistently developing the best mindset and belief system required to overcome any challenges life might throw at them.
Then comes yourself. Real wealth is who you become not only in the material side of things but the spiritual physical and mental.
Investing regularly into your education your personal development, your growth, maturity and higher consciousness will reap massive rewards.
It takes me a smile tweak in my mind or beliefs, or a small shift in my operations or management that creates millions in value for me.
You could take away every single thing I owned or built, and I could start all over from scratch and quickly build it all back up to an even higher level because I invest heavily into myself and my growth.
The more I invest into myself, the more intelligent I become and the better decisions I make.
Money is a by-product of personal growth and power. The smarter and stronger you became the more resilient resourceful and calculated you become. Never forget that you are ultimately your greatest investment in addition to your family.
Then comes the money side of things. As most of you know by now, i invest 90 cents of every single dollar that I make, and I live off the 10% that’s left over.
So you could imagine how much money that is I am constantly reinvesting into more and more diversified investment vehicles.
We invest heavily in many industries but lately the thing I am most excited about is our real estate, division.
It is the most promising area I think this year we will crush. In the past, i’ve lost millions in the real estate game, but all of that was the best education I could have been blessed to receive.
Because it taught me exactly how to understand the risks involved in this real estate game. We’ve launched some exciting contracting and building companies and are consolidating our infrastructure by adding engineering and architecture pieces.
I’m confident will be poised to experience some serious growth in the next few years, and this will launch us into the stratosphere of real estate developers builders and investors.
I fully expect our real estate division to surpass all other areas of our conglomerate. There is the risk in everything especially when it comes to investments but understanding the risk is what makes a great investor successful.
Knowing how to minimize and mitigate the risk is what makes the risk manageable, and the result profitable. Tech is still our bread and butter, but the real estate area is growing so rapidly that this year it will give our tech division a run for its money.
Check out the article there’s some great advice from some very wealthy entrepreneurs and make sure that your budgeting a certain percentage of your income to start getting into investing because anyone can make money, keeping it is a whole different story.
I’ve known hundreds of entrepreneurs who’ve all made millions if I was to count how many of them still have the millions it starts to dwindle down to the double digits only.
Imagine that hundreds of millionaires and only 30-45 who still have something to show for all that hard work and effort.
It’s not what you make that matters, it’s what you invest, grow and compound that ultimately buys you that financial freedom.
Money made is a great start, money spent in the building as many assets as possible are the finish line. If you’ve never invested, i highly suggest you make it a priority this year to get into the game whether big or small. And if you’re already investing get into the game deeper.
Your whole objective should be to make as much as possible so you can invest as much as possible. Making the money just to invest into building the assets.
That’s real financial freedom. I could stop doing everything I’m doing this minute, and all the assets will continue to provide the highest quality and quantity of life for my entire family for generations to come.
It is weak wisdom to attain money and then find yourself a slave to it. It is most wise to reach money and then put it to work being a master of it instead of a slave.
When money is working for you, then you don’t need to work for it ever again.
Most people get this wrong they spend their life working for money and never put money to work for them instead.
The best part about building some passive income is that it affords you the power to make a significant social impact and positive change in the world in a sustainable way.
The more you make, the more you can invest into fixing the world’s problems and increasing the equality of opportunity in this world.
That’s what a great legacy is all about.
So get out there and learn, then get out there and earn, then get out there and invest and then get out there and change the world. Good luck friends!
I’ve lost count of the times people have tried to give me business advice. Most of the time the information was useless in fact in some cases it was downright dangerous and stupid. Beware of free advice many times it will cost you a lot more than you could ever imagine.
In every entrepreneur’s journey, we meet all kinds of people who impart all sorts of advice. Most of the advice is a myth which stems from their personal mindset, limiting beliefs and lack of experience in the business game.
Every so often we get some solid advice from someone we respect and it does wonder for shaping our mindsets belief systems and thought processes. We all have an internal compass that we follow especially when it comes to applying the advice we get.
In this article on success.com, there are some great examples from remarkable entrepreneurs including yours truly, and we share a lot of the myths that have been told to us and how we shatter those limiting beliefs by forging our path and not listening to the conventional wisdom.
Being a public figure and communicating with thousands of entrepreneurs around the world and would be entrepreneurs I get asked all kinds of questions. Most of the time people know I’m an investor and for that reason alone the most questions I get asked usually revolve around money and finances.
Two big questions always come up from beginners. The first question is ” Com I have no money how can I start a business” and the second question is ” Com I don’t have enough experience how can I get started in business, which idea should I focus my efforts on.”
The first question is largely a symptom of your personal mindset. I started many businesses with absolutely no money of my own. In fact, I didn’t even have any money to start them. For example, my 8th company I borrowed money from everyone I knew and went bankrupt within six months. My 9th company I was too ashamed to ask a single soul for some money but at the same time, i knew if I didn’t I would never get out of debt and build my dream. So you have to ask yourself what’s more important bouncing back and working your way up or dealing with a few people who may judge you for not having money? In the grand scheme of things not having money is not a valid enough excuse for postponing or delaying your dream from reality.
Yes, you do need money, no business on the planet survives without money. But you don’t need money to start a business you just need resourcefulness. You need some hardcore commitments to what your goals are, and you need to be determined that you will knock on every door, ask every person, and make any and every call and appearance you need to make to secure your initial capital to get started. If you can’t raise a small amount of money to get started, you definitely cannot raise a significant amount of capital for one of your far fetched billion dollar ideas. Never let rejection stall your dream, always focus on trying again trying a different approach and moving onto the next person or opportunity that will get you one step closer.
The second myth is I don’t have experience or what idea should I focus on. Well, its pretty simple, focus on what you have a deep never ending passion for. If you focus on things, others are successful in or are earning huge sums of money in but your heart is not in those same niche’s then you won’t last very long in that pursuit.
Focus on learning how to monetize what you love to death. If you love social media focus on monetizing social media. If you love bath soap, focus on how to market and sell bath soap. Something you love to death is going to make you the most resourceful son of a gun out there because you will be unreasonable when it comes to defeating setbacks challenges and obstacles. When you love something you never give up on it, you never abandon it when the going gets tough you just keep coming back for more and more.
Eventually, you will learn enough to get things right and figure out how to create a highly successful career in the things you love most. What is better than that? Earning a significant income from doing what you love.
So remember money is a by-product of a seriously committed mind, and when the mind is made up the money has no choice but to eventually appear especially if you’re determined to deal with endless rejection until you get what you want. ( model a child, they never give up till they get what they want and they could care less about judgment)
And secondly, figure out what you love and focus your efforts on learning to develop and progressing in that area. You will quickly learn if you love it or not, and if you do you will quickly learn all the wrong ways of going about monetizing and realizing the dream. Over time you will also learn exactly what to do, how to do and how to keep it going for a very long time.
Success is not what you have, its what you become. By chasing your dreams against all the difficulties, you become incredibly strong willed and driven. The greatest successes out there all have similar characteristics. They are relentless in their pursuit of excellence, and never let an excuse, setback or rejection stop them from finding another way forward.
What is some wrong advice you’ve been given in business? Please do share.
Money makes the world go round. Here’s an awesome article on MONEY in Entrepreneur.com ! from myself Tim Draper, Barbara Corcoran, Grant Cardone, and some awesome entrepreneurs all very successful and multi-millionaires. We all share a few insights into making money, investing money and learning how to live the passive income dream lifestyle.
The biggest difference I found between people who have money and people who don’t is a mindset. It all boils down to how you use your mind and what it believes the value of money is. Once your mind has mastered the right beliefs about money, then you can begin to attract all the money making opportunities your ever going to need to realize your dream bank account. I’ll be sharing something cool about learning to invest and how to make millions over the next week. In fact, it’s so damn cool that I’m almost certain you’re going to jump at the chance to test it all out with me.
If I can change your beliefs about money, I’m confident I can change your bank account too.
I like to define rich as 1-10 million. If you’re in that category, you’re considered rich. The riches they come and go though so people don’t stay in that category for long. They either get the financial education and emotional discipline to graduate to wealthy or they lose their sense of reasoning, stay financially uneducated and emotionally on a roller coaster which usually ends up squandering all their millions and go back to poor or middle class.
Wealthy now that’s my favorite past time and the funniest thing to work towards not only becoming rich which I’ve managed to do but staying wealthy which I fully intend on staying in that category for the rest of my natural born life. Rich can be described as 50 million and above. So if you’ve got 50 million in personal net worth, you’re considered rich. If you’ve got 100 million + your considered ultra high net worth.
Being an ultra high net worth individual myself I get access to things most people could never even imagine exist let alone get first dibs on. Banks, funds, investors, angels they all share the money making opportunities when you’re in the UHNW category. Because they all know you’re looking for more money making opportunities and that your always willing to invest your capital in growing it.
I’ll be sharing some more information on exactly how to go about making tons of money without having to work all the damn time. Once you perfect the art of passive income, your only desire will be to work so you can continue to grow your passive income streams. Those tiny little streams lead to a mighty financial ocean in the future.
If you like the article and you’re interested in me going much deeper into the world of investing and making money, then just comment or like the post, and I’ll start crafting the next few posts to help you change your beliefs about MOOLAH!!!! Once I help you change your beliefs you’re going to attract money like a high powered magnet.