Date: 2021-12-19 22:05:20
I found the next best investment that all most multi-millionaires have discovered, and it’s just hiding in plain sight – Enjoy!
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Part 1. OPPORTUNITY COST
The other day, I was shocked to find out that 53% of people aged 22 to 29 have absolutely no savings. This is sad to hear as these are the years when the world opens up to you, and if you aren’t able to take advantage of the opportunities presented, then you may start to fall behind.
Everyone gets too caught up in investing their initial money in traditional investments, which like we’ve said, might be a small amount at first. Unfortunately, this could lead to them financially crippling themselves and taking huge opportunities off the table.
Part 2. CONTROL
Put it this way, If you wake up and decide you want to make a bit more money, it’s completely within your control to get out there and put the effort in.
But you can’t just wake up and make the markets boom, well, unless your names Elon Musk.
So the point here is to start investing in things that you can control, as you can extract the most value from them. However, there are only so many hours in the day meaning, there’s only so much you can control. This is why you start investing in things you can have an immediate impact on and, then branch out into more passive investments.
Part 3: NO BAD TIME
People always ask me ‘Mark, when’s the best time to invest?’ and my answer is never to time the market, because NO one knows what’s going to happen next.
You could be unlucky and invest just before a crash, which could mean it takes years to get back your initial investment. But think about it, when it comes to investing in yourself it doesn’t matter about the current events because if we’re in a booming market, then great! And If we’re heading into a crash, then you’re going to be more equipped to handle it.
88% of millionaires are reported to be self-made, and I believe there are 5 core skills that are essential to their success. These are communication, negotiation, closing, leadership & marketing. Of course, there are tons of other useful skills, but these are the main ones I’ve noticed all my multi-millionaire friends share.
Part 4: SCALEABILITY
The people that made the real profits were the ones that started businesses or got in on the ground floor. Some may say there’s a lot more risk involved with this, but in my opinion if you believe in yourself, and you have control of your destiny then it’s a lot less risky than you might think.
On average, people expect to make a 10% yearly return from the stock market. But in business, this would be atrocious!! This is because starting a business or a side hustle allows you to scale small amounts of money into large sums very quickly, if done correctly.
There is of course a ceiling to this success, where more money going in doesn’t necessarily mean quicker growth and when that happens, stock market returns become more appealing.
Part 5: OBSTACLES & EXCUSES
I always hear ‘I don’t have enough money’ ‘I don’t have enough time’ or ‘I don’t know enough’ and most people never get over these obstacles and let them become lifelong excuses. The harsh truth is that whatever obstacles you fail to overcome will turn into excuses, and that’s all you’ll be left with.
So if you start thinking of excuses after finishing this video, then remember this… some of the most successful people I know have the most obstacles but the fewest excuses.
The one person you’re stuck with is yourself, so you may as well be the best version. You are your greatest asset, never forget that.
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*Some of the links and other products that appear on this video are from companies which Mark Tilbury will earn an affiliate commission or referral bonus. The Info in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.