I became rich once I learned these three things.
I am Tiffany Thomas, a financially free millionaire.
If you're looking to become one of those, make sure and hit that like
button and at the subscribe button and we're going to dive right in.
All right, today's video is really exciting.
I'm going to share the three main things I did to become rich or
become wealthy because there are a lot of different things that we can
be focusing our time on and putting our money toward, but they may not
help us get any wealthier.
The first thing that I learned to help me become rich was that I
needed to be investing my money.
I was really good at saving my money.
I had thousands and thousands of dollars sitting in my saving account
for a really long time.
But once I realized that I would not become financially free or be
able to retire, I started investing my money.
And yes, I did start small when I started investing, but I increased
over time.
And if you want to start small with investing your money, you can
start with $5.
I have another video that breaks down exactly how to do this.
I will leave a link above.
You can check that out later on.
But seriously, if we are only saving our money, there is no way we are
going to become rich.
And yes, there are different ways to invest our money.
In the beginning it's a lot of investing in our own education, in
money making skills, or even our mindset.
We can put our money toward things that are going to help us increase
our income over time and have a better belief system over time.
I know for me, I've invested in a few different courses on how to grow
your YouTube channel or how to grow a business.
I've also spent money on self-improvement books that I really love
reading.
And I've also gotten a lot of free content.
I have the library app and a library nearby.
So I've checked out a lot of books from the library, whether it is a
physical book or just a book on their app so we can invest in
education.
And once we have those skills, once we are making money, we can put
that money toward something that's going to make our money work for
us.
I personally like investing in the stock market and in real estate.
By investing in those two things, I've been able to grow my net worth
to over a million dollars.
And I was able to become financially free in my thirties.
And if you want more information about how I invested in real estate,
I have another video.
I'll leave a link above.
The second thing that I have learned that helped him become rich was
to continue investing my money.
I did not buy just one real estate property and stop there.
I bought multiple stocks.
And for me personally, I don't have more than 10 stocks.
I think that is plenty of businesses for me to keep an eye on.
And then I also invest in an index fund.
And if you wanna know more about that fund, I have a video about that.
I'll leave a link above.
And still even today, I continue to invest in the stock market.
I have an automatic transfer that goes from my checking account into
my brokerage account, which then gets auto invest into the Index funds
that I prefer.
So I don't have to think about investing every single month.
Yes, when the stock market is down, I can think, oh, do I have extra
money?
I can put extra money into the stock market.
And then with real estate, when I purchased my first property and had
two roommates living there with me, I saw the potential of investing
in real estate.
So I decided to buy another property.
And when that one was doing well, I thought, oh, why have I not been
doing more of this?
So I purchased a third property and then a fourth property.
I invested in real estate until I was able to become financially free.
And then the third thing that helped me become rich or become wealthy
was to continue to do what I'm good at.
There were times when I wanted to change up my strategy with
investing, but I decided not to, and I'm glad that I didn't.
With the stock market I thought about day trading and I actually
talked to someone that was day trading and he ended up losing big one
day.
And so he completely quit day trading.
He said it was just way too stressful for him.
And I thought that is a good point.
That is a lot of stress that you're putting on yourself when you are
day trading, when you are trying to make money instantly.
So I decided to keep my investments for the long term.
And then with real estate, I buy and hold properties.
I haven't done any fix and flips.
The buy and hold strategy is what has worked for me.
So I continue to do that.
And I have thought about getting into Airbnb, but I haven't done that
and I may do it down the road.
But when you are getting started, you really want to pick a strategy
and just stick with it.
You are going to be able to grow your investments a lot quicker
because you aren't continually trying to learn different things.
You're focusing on one strategy and getting really good at that.
And later on down the road when you are really good at certain
strategies and you become financially free, then you can switch up
your strategy and switch to something else.
But from what I've seen, it works.
If you focus on one strategy and get really good at that.
Comment below and tell me what your favorite investment strategy is.
Those are the three main things that helped me become rich.
If you found this video helpful, please hit that like button and share
it with someone else who would like to become rich or become wealthy.
And make sure to hit that subscribe button to subscribe to my YouTube
channel and hit the little bell to get notified on when I post new
videos.
And if you wanna see even more content from me, make sure and check
out the videos on the side of the screen.
Thanks so much for watching.
I'll see you in the next video.