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  • (soft music)

  • (register ding)

  • - Stocks.

  • There's stocks, index funds, mutual funds, options.

  • What I notice is rich people they like stocks,

  • they have a stock portfolio

  • because of liquidity that they could sell

  • and get cash anytime they want.

  • They can turn their shares into money

  • and also in some cases of course,

  • future earnings and appreciations.

  • Sometimes they invest for the dividends.

  • So dividend stocks, so they have paper assets.

  • (air whooshing)

  • Now most wealthy people,

  • they either have created their wealth through real estate

  • or they hold their wealth in real estate.

  • I'm talking about rental properties,

  • it could be condos, houses,

  • commercial properties, apartment buildings.

  • Right, there's so many different kinds of real estate.

  • It also could be land,

  • land that they lease out to farmers or vendors.

  • It could also be mortgages,

  • we call them notes, right, papers.

  • That could be also part of the investment strategies.

  • It could also be parking lots, those are cool.

  • Or self storage units, those are cool too.

  • Or it could be REIT, R-E-I-T,

  • Real Estate Investment Trust, right.

  • So what I notice is they have their money,

  • they hold their wealth in real estate, one form or another.

  • (air whooshing)

  • 100, 10, three, one.

  • It means you look at a hundred deals,

  • 100 potential investments,

  • you might break it down into 10,

  • from that 10 you will narrow

  • down to three that has got possibility

  • and then you might do one.

  • So everyday that every investment

  • that comes across my table, I turn down 99.9% of them.

  • I look at hundred and hundred and hundreds of investments

  • and I do very selectively, very selective, just a couple.

  • Do you just anything that looks that comes across the table

  • and see online, "Oh, that sounds pretty good."

  • Or if you had to buy a stock,

  • you fucking look at two stocks and jump into one.

  • Or you buy a piece of property,

  • "Hey, that looks pretty good."

  • Hey I look at three properties and you jump into one.

  • Again, you're not doing your research.

  • Always remember, investigate before you invest.

  • (air whooshing)

  • Imagine this, you are, let's say,

  • making (air whoosh) $2,000 a month,

  • (cash register dings) $24,000 a year

  • but by using the $1,000 and you invest in yourself,

  • improving your skills, improving your confidence,

  • improving different areas of your life

  • so you can deliver more value to the marketplace.

  • Now lets say hypothetically you double income.

  • (air whooshing) (cash register ding)

  • Instead of making 2,000 now you're making $4,000 a month.

  • $4,000, that's $24,000 in additional income to you.

  • That kind of return, from $1,000 to $24,000 a year,

  • my question is,

  • what kind of investment would give you that kind of return?

  • None in the world.

  • (gavel pounding)

  • And that's just the first year.

  • Once you get good you keep earning and earning

  • after year after year after year,

  • you're still producing income

  • from something that you learned

  • could be two, three, five, 10 years ago.

  • I am still creating wealth,

  • (bell chimes) (air whooshes)

  • earning more from the skillsets

  • that I developed many many many years ago.

  • (bell dings) No one can take that

  • away from you.

  • The government cannot tax it,

  • no one can steal that from you.

  • It is yours.

  • It is yours! (bell chimes)

  • So that $1,000, invest in yourself.

  • You will never go wrong.

  • Your first $10,000, invest in yourself.

  • Reinvest in yourself, believe in yourself.

  • (air whooshing)

  • When you have a habit accumulating money,

  • your accumulating more money.

  • - Right.

  • - When you don't have the habit accumulating money,

  • you always have no money.

  • - Right.

  • - It doesn't matter how much money you make.

  • - Okay.

  • - So that's the second bucket.

  • - Second bucket.

  • Got it. - Second bucket, okay?

  • The third bucket is the investment bucket.

  • - Okay.

  • - So that's also 10%.

  • (air whooshing)

  • So 60%, right? - Yes.

  • - 10%, 10 with this, that's your,

  • think of that's your future,

  • that's your retirement.

  • - Got it.

  • - So with this money, pile on top, while pay yourself first.

  • This is the "Pay Yourself" bucket, that 10%.

  • Right? - Got it.

  • Okay - So it's that 10%.

  • (cash register ding)

  • And then you have 10% is what I call your "Learning" bucket.

  • - Okay.

  • - This is (air whooshing) where you learn your skills.

  • - Right

  • - When you go to events, get coaching,

  • seminars, online courses, 10%.

  • So imagine you have a thousand bucks, right?

  • 600 bucks goes into the first, necessities.

  • - Yes.

  • - Right, then you have a hundred bucks

  • goes into the emergency.

  • - Yes.

  • - A hundred bucks goes into investment.

  • - Right.

  • - A hundred bucks goes to learning.

  • - Right.

  • - Could be reading a book.

  • And then last one, the last 10%,

  • (change falling) (bell rings)

  • that's your "Fun" bucket.

  • - The fun bucket, okay.

  • - That's your, that's your Montblanc pen,

  • that's your chutoro, that's your sashimi.

  • - It might be a little bit big.

  • (laughing)

  • - That bucket might be a little bit big right now.

  • - It's a little bit big, right?

  • - It's a little bit big right now.

  • - A little bit big.

  • - If I'm honest, it's a little bit big right now.

  • - So then you know if it's 10%, then it's no guilt.

  • Right. - Right, okay.

  • - So when I buy something first, like AP watch,

  • - Yes.

  • - I use the "Fun" money.

  • - Got it.

  • - I do not touch all these other money.

  • - Got it, okay.

  • - 'Cause then, there's no guilt.

  • But if you don't put it in the bucket,

  • it's very easy to,

  • "Oh well" - Right.

  • - You know, I should take that vacation.

  • Suddenly, well, your "Learning" bucket, that's gone.

  • - Right.

  • - Your "Emergency" bucket, that's like next to nothing.

  • (air whooshing)

  • When this requires you to sit down, and you do it,

  • it won't happen, I'm just telling you, it won't happen.

  • It has to be done automatically.

  • - So, talk to the banker.

  • - Talk to the banker and say...

  • You're banker will look at you weird and say,

  • "Why did you set up like four, what the hell is this?"

  • Right?

  • And then you're like, you gotta pay some little,

  • the couple bucks for the accountant's fees,

  • and forget about that stuff, it doesn't matter, right?

  • It's the habit of it.

  • So then you know, cause then you have fun with this.

  • - Okay.

  • - At first when I did it, I had no money, right?

  • - Right.

  • - But I did it, it was 1%.

  • - Yeah.

  • - 1% just emergency, right?

  • I was spending more on learning,

  • but I was just, no money cause I wasn't there.

  • But I still do it.

  • And then it's like, "Oh, 1.5%, 2%, 3%, 4%"

  • Right?

  • And then to more and more.

  • One person inspired me so tremendously.

  • Sir John Templeton, from Templeton Fund, billionaire.

  • He started off investing 1% of what he earns

  • - Yes.

  • - And he spends 99%, not gonna have a lot of money.

  • - But before he passed away--

  • - Yes.

  • - He was only spending 1% of what he earns.

  • - Wow!

  • - And 99% invested.

  • - Wow!

  • - That's like he reversed that.

  • So you gotta think about...

  • And then you get, cause then you'd be excited

  • about looking at

  • - Your numbers

  • - The emergency fund.

  • Like, "Oh yeah." - Yeah.

  • - You feel good like, "You know what? Things are okay."

  • If something happens, I can hap...

  • I can take care my family, I can make that happen, right?

  • - Now the emergency fund is just like whatever I paid off

  • on the credit cards I guess, you know?

  • - That's what--

  • - I mean yeah, sure, I may have some good credit

  • but, yeah, that's the only emergency fund,

  • but it's not really that much.

  • - And then you look at your investments,

  • and you're like, "Oh, holy shit! I got next to nothing."

  • Most people have next to nothing.

  • - Yeah.

  • - Right.

  • And they're like, "Oh yeah."

  • That's why they think, "Let me buy some stocks

  • or crypto currency." - Crypto,

  • and all that stuff, right.

  • (air whooshing)

  • - But, when you look back at the VC private equity,

  • and especially hedge fund rates of return,

  • the last 10 years, for the first time,

  • for example, hedge funds underperformed the market indices.

  • (affirming)

  • They underperformed because when you set up a fund,

  • which I had, a third go bust/bankrupt,

  • a third break even, and a third make money.

  • - Out of the entire portfolio.

  • - Correct, out of the 100%.

  • So you're hoping that the third that makes money,

  • you'll find a Facebook, a Google, an Uber, et cetera.

  • But, out of 100 deals that you look at,

  • you might invest in two.

  • And just a fraction of those two

  • are gonna be those high performers.

  • But there is no shortage of money

  • because the people with the wealth,

  • four or 5% that control 85% of the money on the planet,

  • don't like to rates of return

  • that they're getting in the banks,

  • which are next to nothing.

  • - Yes.

  • - Okay, and so they're going to venture capitals

  • who allegedly, historically have given more rates of return.

  • So that cash, as an aside,

  • for every dollar that you deposit in a bank,

  • they can lend it out between 20 and 40 times.

  • I wanna say it again.

  • Between 20 and 40 times, depending on the leverage

  • of their balance sheet.

  • Okay, so the velocity of money,

  • which you don't need to understand,

  • but the velocity of money

  • is 20 to 40 times greater than Joe going home

  • and putting the money in a can

  • and burying it in the backyard.

(soft music)

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7個永恆的投資原則讓你的財富增長彙編 (7 Timeless Investing Principles To Grow Your Wealth Compilation)

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    林宜悉 發佈於 2021 年 01 月 14 日
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