hey what's up guys happy friday thanks
for joining me for this video this is
attempt number four to record a short
video i don't know why it's so hard for
me to keep these videos short on friday
but you guys know normally i like to
talk about ways that we can make money
that we can create passive income
streams today i'm feeling inspired to
talk about what to do with that money
and i just want to share a concept
called inflation that i'm sure we're all
familiar with it's been a little bit
it's probably been trending more in
these past like year and a half to
almost two years um due to all the money
printing they've been doing in response
to kovid right so when they print money
it dilutes the money supply the dollars
that we have lose purchasing power
that's why
it takes more money to buy a lot of the
same goods and services right now than
it used to a year ago two years ago
especially you know mcdonald's used to
sell hamburgers for 15 cents why did
mcdonald's raise their prices well it's
not mcdonald's it's the dollar losing
purchasing power now if we're working
this hard to make money
it's not just about having a number in a
database right and called a bank account
right what is a bank account it's a
number in a database right representing
purchasing power
let's increase our purchasing power how
do wealthy people do that well they
typically
buy assets that appreciate in value
okay assets that they bought at a
certain price and then later on they can
sell at a higher price
they don't necessarily need to even own
these assets they don't need to be
physical you know what i mean the reason
i share that is because a lot of people
they're like i want to get rich so i can
buy a car and it's like yeah you bought
a car it's a losing investment it loses
money immediately but you know enjoy
life i'm not trying to tell you not to
live your life but like
take pride in making winning investments
if you just put money in a bank account
hey your money's gonna be you know it's
gonna flatline right you're gonna have
that number in a database called a bank
account
but your purchasing power is going to go
down because
prices are just gonna inevitably go up
this is the the hidden tax that every
government in the world gets a tries to
get away with if they can you know and
they all pretty much can um central
banks you know what i mean they run the
world not governments that's my mind
anyways and uh yeah this is what they
they want to do basically um
so what i would recommend guys to keep
this video short
think about investing some of your money
i mean honestly wealthy people put a lot
of their money in to index funds there's
one that is an etf that i want to
recommend and i want to keep the video
short because i could probably talk for
a lot longer uh
the ticker the stock ticker is spy okay
and it tracks
the s p 500 meaning
if you want to just hedge
against inflation and try to keep at a
minimum keep your buying power
you can invest into just this one etf
now normally it's like no don't just buy
one thing don't buy one company it's too
volatile no but if you buy the s p 500
or you buy this spy etf number one it
pays a dividend number two
they on the back end the people that run
this etf
they keep track with the s p 500 okay
they take the money from that etf and
they buy the underlying
shares of the companies in the s p 500
okay so it's a it's a great way of just
keeping pace with inflation a lot of
people they invest in the stock market
they think like their money's going up
but a lot of times it's like yeah that
number in a database went up but you're
purchasing power like you may have just
kept pace with inflation you know what i
mean like if inflation's three percent
and you gain three percent in a year
well you just broke even you know what i
mean that's why when they talk about
like interest rates they say what the
interest rate is and then intelligent
people say real rates because they talk
about interest rates versus things like
inflation so anyways guys it's
in in summary
when you make profit from all of our
ecommerce ventures don't just keep it in
a bank account consider putting some of
it
you know you get super lazy you can even
set up automatic deposits you know what
i mean where it just automatically
purchases shares of an etf like the spy
um mega wealthy people they give their
money to money managers and guess what
the money managers do
they do this because if things go bad
they can say well things went bad for
everybody so it's not a big deal and if
things are normal you know which is the
stock market just go up into the right
then they're like oh they look like
geniuses and what did they really do
they pretty much bought they hedged they
just called what it is you know i'm not
trying to downplay like good money
managers and what they are able to do
but um generally speaking
that's that's really just playing it
safe so that's it for this video guys
thank you for watching i'll put a link
to um where you can track the s p uh the
spy the etf i recommended in the
description but thank you for watching
have a good day see you tomorrow