Hey friends, Kris Krohn here. Steven Michael Miller. And today, in this episode
we're going to be talking about what's really better real estate or stocks? Hi
Kris, this is Carl and I want to know is it better to invest in real estate or in
stocks? Hey everybody Steven Michael Miller here and the question is, is it
better to invest in real estate or the stock market? Now, that's a loaded
question with a loaded answer. So I want to get right into it here for you and I
think really the crux of this comes down to really what your preference is. And I
know that's probably not the answer that you're looking for. You're probably
looking to me for me to say, as a real estate guy,
"hey real estate is the best thing for you to do."But I'm going to tell you a
couple things here. I have friends that are extremely successful in the stock
market. I have friends that are extremely successful in real estate and I have
friends that I've had failures in both right? I've kind of dropped out of
the bottom on both. And so I want to talk about why this is and as your kind of
contemplating this question do I really get in and dive into real
estate or do I dive into the stock market? There's a few things that you
want to be aware of. Number 1 - I want you to really dive in deep into yourself
and ask yourself the question where is my passion? In other words, what am I
really passionate about? Are you really passionate about real
estate? Do you like the tangible aspect of it that you can actually buy a
product? You know it's a real thing. It's land with a home on it. Do you
like that aspect of it? Do you like the the part of it where
you're maybe helping people or maybe you like stocks you like that it's a little
bit more a little less tangible? You know it's a little more ethereal. It's out
there. You're buying these parts of companies and sometimes these are
companies that are very profitable. Sometimes they're brand-new companies,
there's this game where you're buying and trading and selling all these
different stocks. So my question for you is first of all, what do you love? What is
your passion? If you can find out and identify where your passion is, I think
that's really important before you decide what you choose. Either real
estate investing or investing in the stock market. And the reason why you want
to have passion in there is because that passion is oftentimes going to be a
driver as to what type of expertise you acquire. If you're passionate about real
estate, then you're going to have the wherewithal. You're going to have to drive
to get after and learn as much about the real estate as you possibly can. Look,
there's no doubt about it that getting a mentor, getting someone who's been there
and done that to help you along the way is going to be one of the best ways that
you can go about getting your foot in the door and learning about what your
what you want to do here in real estate or or in the stock market. But if you're
passionate about it, it's going to drive you to do even more. It's going to drive you to
stay up at night and to learn more and that the pour over the books or two or
two pour into the the content of the programs that you're part of. To really
continue to ask questions, to get involved in the communities and
different things like that that are that are provided and offered in different
programs. If you have that passion, it's going to fuel you to move forward. Because
the reality is, is regardless whether you're into real estate or
you're into the stock market, you want to get after real estate or get after the
stock market. There are going to be bumps in the road. Now, again this isn't a topic
that's often talked about right? Oftentimes, we talk about the glam and
the the wonderful aspect of investing in real estate. But the reality is
real estate can you know, it can shake your world a little bit sometimes.
There are experiences that come up that are going to make you
question whether or not you're doing the right things sometimes. So you have to
have that passion, that fortitude to get in there learn and become an expert or
or learn the expertise from experts right? To soak it all in. So that when
those bumps happen, you've got that mental fortitude to stick it out because
the reality is, if you're looking to be profitable either in real estate or
in the stock market, when those bumps come up,
what really drives most people to get out of the game, is that when those bumps
come, it scares them. When those bumps come, they they get fearful. And that fear
drives action. That fear will drive the action to stop or to turn away and run
right? We get that fight-or-flight mechanism.
Sometimes the fight makes us want to stick it in and
just, "I'm going to make this happen" And sometimes, it's not the right attitude.
There are times where financially doesn't make sense and it is best to get
out but not on a fight-or-flight mechanism. Not out of fear but based on
expertise and passion and moving forward. So as you're deciding here, you know
what's best. Is it best for me to invest in in real estate? Is it best for me to
invest in the stock market. If you understand those things, if you
understand number 1, what your passion is, number 2, if you're willing to gain
expertise in those areas. Whether that's through reading and learning or watching
some of these YouTube videos or maybe that expertise is gained by getting a
mentor, joining a program, doing things like that. You want to make sure you get
that expertise as well. Backed by that passion. So that when those bumps come,
you're ready to push through. My belief is that either one can
be profitable. And actually, either one can be extremely profitable if you're
willing to apply the passion. Get the expertise and let those bumps not derail
you, but help you to gain more and more strength to push forward and to do
even more in those areas. So the question is what's better? Well the answer is it
really depends on you. What are you passionate about?
Do you love real estate or do you love the stock market? Can you get behind real
estate with everything that you are? Or are you going to get behind the stock
market with everything that you are? Make a choice and once you've made a choice,
just get after it. Hey, thanks so much for joining us today.
Hopefully Steve was able to really enlightened your mind with the
difference between real estate and stocks. And one of the things that we
want to do is invite you to come over to our website to see some of our offers or
come check out the link in the description below to see what it might
look like for you and us to get involved in the game of real estate. How we can
make it way easier for you, way more fun and way more profitable.