Today's video is four proven ways to make money.
If you are ready to make some more money, then make sure and stick
around until the very end of the video.
I am Tiffany Thomas, a financially free Millionaire.
If you're looking to become one of those as well, make sure and hit
that like button and at the subscribe button and we're going to dive
right in.
All right, the first proven way to make money is actually to use other
people's money, and this is called leverage.
So what you can do is borrow other people's money.
And let me share an example with you.
I personally invest in real estate, so I am able to purchase a
property, but I don't have to come up with the $500,000 for the full
amount of the property.
I can come up with a portion of that, usually 20% if I'm purchasing a
rental, or it can be even just 3% if I'm moving into that property.
And then I can borrow the bank's money and pay that off over time.
So I'm able to get an asset, get a rental property that is going to
create cash flow for me every single month.
And I actually don't have to have $500,000 to do that.
I can have a lot smaller portion and still invest in that property
because I'm able to take out a mortgage loan and use the bank's money
over time.
Leverage is a great way to make some money because usually we are not
starting out with hundreds of thousands of dollars.
So we can save up a little bit of money and put that as collateral
toward borrowing someone else's or another institution's money to
purchase an asset that is going to make us money.
If you are looking to make some more money and you have a little bit
of money already, then borrowing someone else's money using that
leverage is a great way to increase your amount of money.
Comment below and tell me if you have used someone else's money to
make more money?
And then the second proven way to make money is to passively invest
your money.
If you already have a nine to five job and your employer offers a 401K
package where you can invest in the stock market, then that is an easy
way to make more money because it is so passive.
All you do is invest in your 401k.
So you would transfer money directly from your paycheck, have it go
into your 401k, and then you want to select some sort of investment
inside of your 401k.
You don't want it just sitting in your 401k as cash.
You wanna invest it in the stock market so that you can make more
money.
And if you are working for yourself or if your employer doesn't offer
a 401k, then you can invest in the stock market on your own.
You can set up a Roth IRA or a traditional IRA.
And if you have more questions about those accounts, I do have a video
for you.
I will leave a link above.
You can even set up just a brokerage account.
And if you don't know what a brokerage account is, I have a video all
about that, so I'll leave a link above for that one as well.
But if you set up one of those accounts, then you are able to put your
money inside of that account and then select what you want to invest
in inside of the stock market.
I like investing in a few individual stocks and then I have a favorite
index fund.
And if you wanna know what that is, I'll leave a link above to a video
I've done about that.
But the stock market is an awesome way to make money because it is
very passive.
Real estate is a lot more active.
I spend a lot more time on my real estate investments than on my stock
market investments.
When I'm investing in the stock market, I can just set up an auto
transfer from my checking account and have it go directly into my
investment account and automatically invest in the fund that I like
investing in.
So I don't have to think about that every single month.
And honestly, if you're thinking you have to have a lot of money to
get started in the stock market, that is not the case at all.
You can honestly start with just $5.
And if you wanna know how to do that, I break it down very simply in
another video, which I'll leave a link above to.
Comment below and tell me if you are already investing in in the stock
market.
And yes, I do realize that the stock market is down right now at the
time of filming this video.
So people are hesitant to invest in the stock market.
But what I want to say about that is that the stock market is on sale.
So now is a good time to get in the stock market.
You can buy when prices are low, and then when the stock market goes
up again, which it always does, you can sell later on for a profit.
So please do not be pulling out all of your investments right now when
everything is low, please hold them and invest even more and then
watch your investments rise over time.
And honestly, I have seen this for myself personally because I've been
investing in the stock market for a while.
And yes, things go up and down over time, but over the long term it
goes up.
And by investing in the stock market and holding my investments for a
while, I was able to purchase one of my properties.
When I purchased my fourth property, I was able to take money out of
my stock market investments and put that toward a down payment for
that property.
So investing in the stock market doesn't mean you have to keep all of
your money in there.
You could switch it over to another investment, but of course you
don't have to do that.
You can just leave your stock market investments in the stock market
and let them grow over time until you are ready to retire and then you
can start to live off of those investments.
And the third proven way to make money is pretty simple.
This one I'm sure we all have heard of, it is to work for someone else
to get a job.
And it seems like quite a few YouTubers kind of put this down, but you
can honestly make a significant amount of money by working for someone
else.
You don't always have to work for yourself.
Not everyone has that type of personality.
You can get a job working for someone else and continue to improve
your skills and increase your income over time.
You can either ask for raises or you can switch jobs and work for
someone else.
Usually when you do that, you get a pay increase.
And I did this for years.
I worked for a shipping company for a long time and I also worked for
a food storage company doing marketing for them for a long time.
And I was able to make good money and invest that money that I was
making from my nine to five job so that I could eventually create
passive income for myself.
But I didn't just start with my own business and build that up, I was
able to work for someone else, create money that way.
And once you are doing that, you don't wanna just spend all of your
money, you want to invest that money so it will work for you instead
of you always having to work for the money.
And you don't have to work for someone else full-time.
This could also be just a part-time job or a side hustle.
You could do Uber or Lyft or a lot of other jobs that are a lot more
flexible, but would still include you working for someone else.
And like I mentioned, when you are working for someone else, you want
to improve your own skills, your own money making skills.
And that could include getting some more education, whether it is
taking some type of online course or an in-person course or even doing
a formal setting at a college or a university, whatever it is that you
need to improve, figure out how to do that and then invest in that
education.
And then the fourth proven way to make money is to work for yourself.
And that is what I do now, I currently don't have a nine to five job.
I created my own business creating these educational videos for you
and working with people one on one.
And when you're working for yourself, you can do this in a few
different ways.
You could even be a contractor and get hired by a certain company to
do a certain project for them, but not be a full-time worker for that
company.
And it is nice having flexibility working for yourself because you can
set your own hours.
But also then the responsibility is all on you to make sure all of the
business items are handled and that you are making money.
And another way that you could work for yourself but not create your
own content is to do affiliate marketing.
There could be programs or companies that you really believe in and
then you can become an affiliate for that program or that company and
promote that.
And then when someone uses your link to purchase that program or sign
up with that company, you are getting a kickback.
So there are different ways to work for yourself.
And I have tried all four of these proven ways to make money and doing
a combination of them has worked the best for me.
That may not work for everyone else.
Some people may not have an interest in real estate at all, or they
may really love real estate and not really care about the stock
market.
Or they may really like working for someone else and not have a desire
to start their own business.
Or they could be the flip side.
Maybe they hate working for other people and they only want to work
for themselves.
So you can pick if you wanna do all four of these ways to make money
or if you just wanna choose one, two, or three of these items.
Comment below and tell me how you are going to make money.
And if you found this video helpful, please hit that like button and
share it with someone else who would like to hear this information.
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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.