Are you worried about having
enough money?
Are you worried about keeping
enough money?
Are you worried about
inflation taking all of your
money?
Are you worried about being
able to ever retire?
If you answered yes to any of
these questions today,
I am talking about the three
investments to make,
to never have to worry about
money again.
I am Tiffany Thomas with
wealthy tiffany.com
and I achieved financial
freedom and became a
millionaire.
If you're looking to do one or
both of those things,
make sure to hit that like
button and hit the subscribe
button,
and we're going to dive right
in.
And make sure and stick around
until the very end of the
video,
because you want to make sure
that you are doing all three
of these types of investments
if you really want to never
worry about money again.
The first investment that I
want to talk about is
investing in yourself and I'm
not talking about just being
generic and studying different
things and keeping your mind
fresh and consuming a lot of
content.
But I'm talking about being
very specific in investing in
yourself in a certain skill
that is going to produce
income for you.
When you are specific about
what you're investing in,
it can really help you to make
more money to increase that
income.
And to just give you a few
examples,
it could be something related
to your current job.
Maybe you are a programmer and
you want to be the best
programmer out there.
So invest in different courses
that are going to help you
become better at programming,
or if you studied marketing
like I did,
and you want to be the best
marketer,
then take some courses that
are directly related to
marketing and enhance that
skill.
Or maybe you want to start
your own business.
So you want to start investing
in courses that teach you how
to create your own business,
or find a mentor that could
help you do that.
When you are investing in
yourself,
make sure that you are very
specific and are investing in
things that are going to help
you increase your income.
I was listening to a podcast
the other day,
the life coach school,
I think is what it's called.
And she was saying that a lot
of people come to her and ask
her to help her get a raise.
And she would ask them,
are you providing enough value
that it is worth it for your
employer to give you that
raise?
Do you have the skillset?
Do you have the knowledge,
the education,
that they are looking for?
Or are you just hoping to get
a raise because you want a
raise and you haven't gotten a
raise in a while?
You want to make sure that you
know what it is that your boss
values so that you can
concentrate on increasing that
skill,
that particular item that is
going to help you get a raise.
When we are investing in
ourselves,
we want to make sure that we
are consuming content that is
going to increase our income.
I've seen a lot of people
spend a lot of money on
degrees that they don't even
use.
And there are lots of
different ways to get access
to content for very specific
skills.
If you want to get really good
at sales,
which is a great skill to
master,
there are a lot of different
courses that you can take.
You don't have to do a full
degree in sales.
There is also a lot of free
content that you can get.
And of course,
we don't want to just be
consuming all of this content,
but we want to be putting that
content that we are learning
into action.
The second investment that we
want to make is in the stock
market.
This is going to help us grow
our wealth over time.
And I have seen this in my own
life with my own investments
in the stock market.
I personally like investing in
an index fund and then I do
have a few individual stocks,
but we can keep investing in
the stock market,
very simple and still get
really good returns on our
investments.
And if you're curious to know
which index fund I like,
I did a video for you.
I will leave a link above and
below.
You can check that out after
this video is over.
But honestly we can not leave
our money sitting in a savings
account.
We need to have it invested.
And one simple way to do that
is in the stock market.
On average,
the stock market has returned
10% over the years.
So if we are leaving our
money,
sitting in a savings account,
we're earning maybe 1%,
maybe even 2% now,
but it is nowhere near what we
could be earning if we
invested in the stock market.
And if you're thinking,
well,
it probably takes a lot of
money to get started in the
stock market.
It actually doesn't take
hardly any money at all.
You can do it with $5.
And I created a video about
exactly how to do this.
So I will leave a link to that
one above and below in the
description.
The stock market contains a
whole bunch of different
successful companies that we
can invest in.
And that way those companies
can continue to grow and our
investments can continue to
grow.
I know that I am grateful that
I did invest in the stock
market already.
And of course I wish I would
have done more even sooner,
but nonetheless,
I am glad that I started when
I did and continue to invest
over time because I have seen
over a hundred percent returns
on my investments.
So it doesn't just have to be
that 10%.
It can be a significant
increase in our investments.
Comment below and tell me if
you are already investing in
the stock market.
And if you are investing in
the stock market consistently
over time,
you are able to build that
wealth without really thinking
about it.
You can actually automate the
entire process.
So it's very simple to do.
And with your stock market
investments,
if you hold those investments
for at least one year,
then you can pay less in taxes
because you'll be paying
what's called a long-term
capital gains tax rate instead
of the short term capital
gains tax rate,
which is usually your ordinary
income tax rate.
And this is actually really
cool because if you were just
to live off of your stock
market investments,
you could end up paying $0
with federal income taxes
because of the long-term
capital gains tax rate.
If you were making up to about
$40,000
and it's even more,
if you include the standard
deduction that you can take,
when you do your taxes,
that tax rate is 0%.
So not only is your wealth
growing over time in the stock
market,
but when you are taking those
investments out,
at least for the ones that you
have to pay taxes on,
when you take those
investments out,
you're paying less in taxes,
as long as you hold it for a
year,
instead of with your normal
nine to five paycheck,
where you have to pay your
ordinary income tax rate,
which is most likely going to
be higher than the long-term
capital gains tax rate.
And this is just one benefit
of investing.
And this is part of the
example of how the rich get
richer.
They invest their money.
So they're able to pay less in
taxes.
The third investment to make,
so you will not have to worry
about money again is investing
in real estate.
And I personally love
investing in real estate.
This has made the biggest
difference on me being able to
become financially free and
become a millionaire.
So real estate is definitely a
game changer and I do have a
lot of videos about investing
in real estate on my channel.
I will leave a link to the
real estate investing playlist
above and below in the
description.
I personally like investing in
physical properties and I do
buy and hold.
So I plan to hold my
properties for the longterm,
even though I did sell one
just last year.
And if you're curious on why I
did that,
I have a video for you.
I'll leave a link above and
below.
But honestly,
having buy and hold properties
means that I can collect
cashflow every single month
from my tenants.
And not only that,
my properties will continue to
appreciate over time because I
hold them for the longterm.
And yes,
there are other ways to invest
in real estate.
People do fix and flips where
they take your property,
that needs to be fixed up and
they will do some remodeling
and it's all it for a profit
and they will take that profit
and then they could buy
another property and do the
same thing if they want to.
So you could invest in
properties that would be four
different businesses that they
would rent out your
properties,
and you would collect cashflow
from that every month,
but I've kept it pretty simple
with the way that I invest in
real estate.
And since I was able to invest
in the stock market and in
real estate,
they kind of helped each
other.
When I wanted to buy my fourth
property,
I took some of the money that
I had invested in my brokerage
account in the stock market
and put that toward my down
payment.
I was able to switch some of
the stock market investment
over to my real estate
investment.
And along the way,
I was able to continue to
increase my knowledge.
I talked to a couple of my
mentors about investing in
real estate.
So I was able to invest in the
skillset of investing in real
estate,
which helped to grow my money
even more and not only
collecting that cash flow and
seeing the appreciation of my
properties over time,
I'm also able to do tax
write-offs.
So there are tax deductions
that you can take when you
invest in real estate.
If you just have a nine to
five job,
then you are paying taxes on
that money you are making from
your nine to five job.
But if you are investing in
real estate and collecting
income from that,
you can deduct out certain
expenses.
So you are not paying taxes on
that full amount of cashflow
that you are receiving.
Comment below and tell me a
real estate,
if you are already investing
in real estate,
if we really never want to
worry about money again,
we need to focus on investing
our time and our money in
things that are going to make
us more money.
For example,
we want to invest in assets,
in the stock market,
in real estate.
That way our money can work
for us instead of us always
working for the money.
And once we have those assets,
those assets can pay for other
things that may not make us
money,
but that's all right,
because we are already
investing in those assets.
So those are the three
different investments to make,
to never have to worry about
money again.
If you found this video
helpful,
please hit that like button
and share it with someone else
who would like to hear this
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And if you want to see even
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make sure to check out the
videos on the side of the
screen.
Thanks so much for watching.
I'll see you in the next
video.