If i had to do everything all over again. David Jaffee with BestStockStrategy.com
and in this video you are going to learn how i would replay my life if I
was a teenager remember time is everything you should do everything
possible to not waste any time as a result I would not go to high school
instead I would get a GED I would also not go to college what I would do is I
would get my real estate license move to a large city and start working hard to
sell real estate I would build up an email list and I would start making
quick money by doing rentals and also selling apartments and homes
simultaneous to this I would become a nightclub promoter by doing this it will
take care of your social life and it will also provide you with incremental
money additionally by being both a real estate salesperson and a nightclub
promoter you will inherently be exposed to tons of new people so again by being
a real estate salesperson and by promoting nightclubs you will be exposed
to tons of new people and you will start making decent money if you are not 21
years old and it's completely okay I know many people who started promoting
nightclubs before they were 21 technically I think that you only need
to be around 18 years old to start selling real estate you can get your
license online and I'm sure that many nightclub owners will allow you to
promote their club without even being 21 by being 17 or 18 years old and having
your real estate license and promoting nightclubs you should be able to make
around 50 to 100 thousand dollars a year while building up your email list and
networking with people who are extremely successful and who are much older than
you by doing this for around two or three years you should be able to be
worth a few hundred thousand dollars at this point you can start speaking with
some of your friends in the nightclub industry and some of your
friends that you've met who are well capitalized and then you can open up a
nightclub I can tell you from experience that some nightclub owners make around
five million dollars every single year because the margins and the markups on
liquor are extremely high one of my friends makes around ten million dollars
every single year by owning a nightclub and he also has access to some of the
most beautiful women in the entire world furthermore he doesn't even have to put
forth much effort with these women instead they flock to him because he has
high relative social status what I would also do in your early 20s is learn how
to sell option premium you can visit the stock strategy com entering your email
address and receive over $400 a valuable free training that will help you learn
how to trade options what I would also do is start a youtube channel because it
would help increase your exposure and it will help build up your brand so by
combining these four things selling real estate promoting and opening a nightclub
trading and selling options and by opening a youtube channel you should be
able to easily be worth a million dollars by the time you're 25 and you're
not going to have to make that many sacrifices in order to obtain this
amount of wealth you'll be helping people and also you'll be promoting your
brand and you will simultaneously be building up your email list so that
you'll have a very strong network of contacts that you can carry forward with
you as you get older to help you capitalize and bring in on your projects
personally I would not focus on Wall Street at all I graduated from an Ivy
League university I worked really hard I have about a 3.8 GPA but if I had to do
it over again I would definitely not go into Wall Street I sacrificed way too
much I worked with a lot of people who do not appreciate my sacrifices nor do
they appreciate my hard work and I view Wall Street even though it made me a lot
of money as something that was not worthwhile and was not worth the time
you want to focus on things that provide you with substantial amount of freedom
you do not want to trade time for money again you do not want to trade time for
money you also do not want to engage in false starts a false start is something
that you invest timing that you can't help leverage later on in life for
example for me investment banking was a false start because I dedicated five or
six years of my life to it but right now it is not helping me at all as a result
everything that you do in your teens and early 20s you should be able to leverage
later on in your life by leveraging real estate nightlife and YouTube and also
trading those are skills that you can use 50 years from now so all of those
skills you want to hone all of those skills you want to make sure that you
improve upon that way you can stack the odds in your favor to eventually reach
your goal of being worth 10 20 or 50 million dollars so again if you have a
goal of achieving wealth of 50 million dollars I would definitely not go to
high school instead I would get a GED I would definitely not go to college and
instead I would focus on selling real estate focusing on rentals and then also
trying to sell apartments and houses I would get into nightclubs I would become
a nightclub promoter I made five thousand dollars every single week by
promoting nightclubs I made more money by promoting nightclubs and I did as a
Wall Street investment banker and I worked at some really high profile firms
I worked at Morgan Stanley CIBC World Markets and pet ski pruney a so there
were times where I was making around two hundred and fifty thousand dollars a
year as an investment banker but because the taxes I was making substantially
more as a nightclub promoter then as you start building up an email list and you
also start making friends in the nightclub industry I would open up a
very exclusive nightclub by doing that you should be able to profit around five
million dollars a year now if you split that up amongst your financial partners
maybe you personally will end up profiting around 1 million dollars a
year by owning a nightclub but that's completely ok because you can replicate
model and open up more clubs and for every club that you own you'll probably
end up profiting around 1 to 2 million dollars a year and it becomes much
easier for every subsequent club that you open up by trading and selling
options you can easily earn around 30 percent every single year and also by
establishing the YouTube presence you're establishing a brand which you'll be
able to access later on in life so if you're in your early 20s I would highly
recommend making sure that you value your time making sure that you value
yourself not engaging in anything that's a false start and also investing in
yourself by going into real estate promoting nightclubs learning a valuable
skill by selling options and also starting up a youtube channel there are
some things which I personally believe are worthwhile which you may or may not
believe are worth your time for example I personally if I was younger would
start taking dance classes if you're living in New York City I would take
classes at Broadway Dance Center I have done this and I found them to be
extremely valuable additionally there are a very beautiful women who frequent
Broadway Dance Center you can then bring them out to your parties so by learning
a valuable skill like how to dance you can also network with some of the
beautiful people who attend Broadway Dance Center and then you can bring them
out to your parties whether you're in New York or Los Angeles or Miami or
another large city there always are going to be places that you can take
dance classes I personally believe that dancing is an extremely valuable skill
and it will help you with your social interactions and it's something that you
can carry forward with you for the rest of your life I also would not recommend
buying real estate the reason is that there are too many headaches there are
too many fees and it's very illiquid so me personally I would not recommend
buying real estate simply because it's very illiquid you're parking your money
in there and you're essentially betting on a rising real estate market but what
happens if your tenants stop paying rent like they currently are doing so instead
what I would do is I would take the money that you are planning on
buying real estate with and invest it in yourself and open up a nightclub because
as I've said previously the margins on liquor are so incredibly high that it is
not uncommon for you to be able to make a few million dollars a year for every
nightclub that you open so to recap what I would do if I was in
my teens or I was in my early 20s I would not go to high school instead I
would just take the course and get a GED I would not go to college I would sign
up to be a real estate salesperson I would move to a big city I would start
doing rentals and also sell apartments and houses I would become a nightclub
promoter I would then use that to meet a lot of people and then leverage my
contacts to in my early 20s open up a nightclub I would start to learn how to
sell option premium and additionally I would create and start a YouTube channel
I would focus on making as much money as quickly as possible when you're in your
teens and early 20s because if you amass a lot of wealth that is one less thing
that you have to worry about additionally you're not going to have to
ever tre time for money and you're not going to have to be in a situation where
you make tremendous sacrifices for a job that is not going to value your
contributions David Jaffee with BestStockStrategy.com if you have any questions
leave a comment below make sure that you like this video and subscribe to this
channel and I will break down in future videos more details on what exactly I
would do with each of these individual components