If you're in your 30s and you've wondered how to start investing in your 30s?
You're asking the right questions and you're in the right place.
If you're in your 30s and you've wondered how to start investing in your 30s then you're in the
right place. Because to set yourself up for financial freedom you need to start making
those investments today. In this video, I'm going to walk you through the five things you need to know
about investing in your 30s. Places to put your money and where your mind really needs to be
to set yourself up for success. Let's get started. I first just want to commend you
asking the question how to start investing at any age it's the right question. Because you want to
start investing your money so your money's working for you rather than you have to continue to track
it down. So I want to commend you for being in this video because as I share these five things
with you, it's going to really open up your mind to be able to set you up for financial freedom.
The first thing you can do to invest in your 30s is to open up an SDIRA. An SDIRA is a
self-directed IRA, it's a kind of ira that allows you to invest from it and I believe everybody
should have an SDIRA. So if you have an IRA you can actually transfer that money over into an
SDIRA. What's the benefit of having an IRA you can invest from. If you have an IRA in which you
just have some cash park and you put into it every month or quarter or a year. It's just sitting there
and it's growing and it's growing and it's making more interest in making compound interest. It's
really starting to grow, that's a really good thing. You've also learned to live without that money. So
here's the power of that account. You can actually take that money and invest it in real estate
and make more money than you will by letting it just sit in your ira and you're not taxed on the
difference that you earn, that's the power. You can take it out and put it back in untaxed, this is the
benefit. So you're going to put in a lot more money but you're not taxes that money continues to grow
in your IRA. The power of the SDIRA is it allows you to invest that money into other things. In fact,
as we syndicate a lot of our real estate deals a lot of our investors invest from IRAs into our
projects. Because they can take their IRA money invest it into our real estate and when we cut
them a check we just write that check straight to their IRA goes right back in they don't see it but
their accounts growing a whole lot faster. That's the power of leveraging an SDIRA. Now, an SDIRA
is different from a Roth IRA. Roth Ira has a cap you can invest seven thousand dollars per person
into your Roth and you don't pay income tax on that money. But a Roth IRA is different from an
SDIRA. You cannot invest from your Roth you can from an SDIRA that's why it's self-directed. A
Roth IRA invest in certain stocks and the company that's managing that will direct where that money
is placed. But a self-directed IRA places you in the driver's seat. You can dictate where some of
that investment goes that's the power of this product and so you can actually invest in some
things that maybe you have a little bit more passion about like real estate where you're to
get larger than normal returns. That money's going to get back in there and you're going to see your
account grow much faster. Everybody needs an SDIRA and the second thing everybody should invest in
cash producing real estate. Of course, I'm going to have to say that because real estate is my passion.
But everybody should invest in real estate that pays you month after month after month. Because
buy and hold real estate and multi-family real estate specifically in my companies
really give a great place to place your money it pays you back month after month after month and
you get to continue to see your appreciation. The reason investment like multifamily so powerful is
you'll often make six to eight percent return in the stock market. When you put in real estate you
also make six to eight percent on your money that you've placed in but that doesn't include
appreciation and that's what can take a six to eight percent investment in multifamily to a 25 to
30 percent when you sell the property and that's the power of investing in a cash producing asset
in real estate versus just parking in the stock market. I like multifamily in the cash producing
world for a few reasons. Number one, it's safest in relationship to the economy. When the economy goes
down and people often lose their homes it creates more renters which creates a higher demand for
multi-family units. When I watched the crash happen in 2008 and 2009 while multifamily lost its value
just like every form of asset real estate it didn't lose its cash flow. In fact, it increased in
cash flow because the demand for rentals became so high. It's recession-resistant we call it. It's not
recession-proof because a recession will hit all forms of real estate but it's much more resistant
than a single-family home or other types of real estate. The other thing I like about multi-families
it protects you against vacancy in a single-family home is either 100% occupied or 100% percent vacant.
A multi-family home rarely ever will everybody move out at once I've never had that happen. So,
when one tenant moves out you still have more people paying those bills so you don't have
to cover that difference. So if you're going to continue to invest in your 30s invest in cash
producing real estate that pays you month after month after month. Also, invest in real estate
that's recession-resistant and protects against vacancy, that's multifamily and the third thing
to know when you're investing in your 30s take as much risk as possible. I believe 20s and 30s are
great decades for risk and investment. Because you have a lot more time to make it back up. Your 20s
and 30s are your decades of risk, 40s and 50s that risk starts to go down because if you lose it your
time frame and earning it back before retirement is shortening. 20s and 30s are our risk decades. So
when you're in your 30s take on as much risk and cash producing debt you can. Cash producing debt is
any debt on something that makes me money. I'm not talking about debt on cars or your own personal
residence or debt on boats and pleasure items. I'm talking about debt on real estate that pays you
or debt on businesses that make you money. If your debt is on things that make you money
that's perfect. So in your 30s, take as much risk as possible and absorb as much cash producing debt as
possible. Before I go on to the next two tips make sure you subscribe to our channel and smash that
like button. That helps us get this message to more people. Also make sure you turn on the bell
notification so you get notified every weekday when we do a video. Because our greatest passion
here is to help people achieve financial freedom through multi-family real estate and I hope you
are our next success story let's get back to the video. The next thing is if you are in a job with
a 401k program take advantage of that free money. Most businesses today that have a 401k program
have a 401k match program. Meaning they're going to match your investment to a certain dollar amount.
If their match is up to five or ten thousand match it out. Go as much as you can because you're just
earning free money. I wouldn't make that your only wealth-building strategy but that's a
great strategy to just take advantage of somebody giving you free money and putting it into account
that's gonna earn interest over time. A 401k is a great thing if you have a job to take advantage of
that free money and especially if we're gonna continue to build wealth free money that's a
beautiful thing and the last tip is to invest in mentorship. I actually believe this is the most
important tip in this video. Mentorship is the most valuable thing in the world. You won't find
a successful person that doesn't have a coach. You won't find a successful person without some sort
of team of advisors. So what do you deduce from that? You won't be as successful as you could be
without a coach mentor or a team of advisors. That's what I would say to anybody in at any age
of life that you should have a mentor. I don't care if you're in your 30s ,50s, or 70 mentorships should
be part of the DNA of who you are and I would encourage you to pay for coaches and here's why?
Free coaches, you tend to get the value you pay for. Invest money into coaches you'll get a lot
more out of them and it'll be a really great way for you to continue to up your game in areas you
want to grow in. So in your 30s, make sure you find a mentor. You want to grow a business? Get a mentor.
You want to have the best marriage ever? Get a mentor. You want to grow your health and become
really really healthy and achieve that optimal health? Get a mentor. I've heard interviews of NBA
athletes that have full-time sleep coaches to make sure they're literally gauging their sleep and
measuring their sleep and giving them ideas on how to get great sleep. Because as an athlete that's
exerting that much energy sleep and recovery is one of the most important things. So they invest
time and money there, it's the same thing for you. If you want to get more money and invest more
money then get a coach that knows how to invest in real estate or knows how to invest in the stock
market or wherever you're investing. But make sure you invest in mentorship. I also want to give you
a free gift today. I have a free 60 multi-family master class that walks you through how to invest
in multi-family real estate and will allow you to do that in 71 days or less if you just follow the
system and you can get that in the description, click the link free multifamilymasterclass.com
and I'll walk you through that exact system. I'll see you in the training.