so what a rich people focus on they
focused on investing what a poor people
focus on well they they focus on savings
so if you want to get some more of this
and you want to be able to start earning
you know this income right here and
getting more income coming into you want
to start investing the right way I'm
how to do that in this video we're gonna
get into it I'm going to show you five
different steps so if you're beginner
you're just you're getting started with
investing I want to give you some tips
and some strategies that's going to help
you to start investing the right way
because rich people they focus solely on
investing okay they've slowly on you
know investing their money poor people
they're always looking to save they're
always looking to cut corners always
looking to you know save on certain
things okay so in this video let me go
over these tips with you now Before we
jump into that there's will be a
subscribe button make sure you hit that
I will send you all the videos and you
won't miss any of them because there's a
lot of good stuff in there that will
help you start to generate income so you
can start investing that money so the
first thing I want to talk about is
investing versus savings so investing is
taking your money that you get whether
you get it through employment whether
you get it through a job I mean whether
you get it through a business it's
taking that money and investing in it
into cash flow assets okay this is
important to understand this because
what happens is is a lot of times we
think that that if we get money we put
in the bank and we save it and if you
hold it there then it's going to somehow
magically expand and that's not really
the case and we're always out there
thinking the poor people are always
thinking about well you know just start
saving don't don't go to Starbucks
anymore or quit going eating out during
the week or you know going out in you
know not driving so much and we've got
to save money on gas and things like
that that is the savings mentality
that's the poor mentality and if you're
in that where you're trying to save and
put that money aside you're going to be
stuck in that poor mentality rich people
they take their money they invested in
to produce a cash flow producing assets
they invested into real estate
so they invest in real estate that real
estate produces cash okay they invest it
into stocks if stocks a company and that
stock grows
that company grows then that company is
going to pay dividends you'll be able to
earn money with that okay
investing into businesses you take a you
take your money and you've vested into a
business that's going to give you cash
flow investing in two franchises things
like McDonald's and fast food places
like that that's what rich people do is
they invest in cash flow producing
assets if you take your money and you
put in a bank account it's not going to
earn you any money in fact right now
with the way the inflation is rolling
you know inflation is increasing by 2 or
3 percent your money is in the bank
earning less than 1% on your money that
means inflation is just tearing right
through that income ok so income
producing assets is what you want to be
focused on and that's what you want to
be investing in ok so the second tip is
really investing into real estate now
for me
I invest in a real estate but the thing
is is what I always recommend people
doing is this is don't go out there and
try to try to you know jump in to invest
in real estate because real estate can
take it takes time you have to
accumulate the income you have to go to
the bank and get a loan if you don't
have the income you have to figure out
getting partners and getting in a real
estate and it can take time it could
take 3 or 4 years before that income
starts to generate really cash flow for
you now if you invest it into rental
properties that's going to start giving
you cash flow to that what I recommend
you doing is this building a business
for yourself whether you build a
business online or the building business
traditionally locally find a business
that's going to start generating cash
flow for you right up front it's not
going to be high risk it's not going to
be a lot of you know technology and
training to go into it so start a
business that you do online something
like if you start doing consulting work
for local businesses let's say you know
SEO and you know search engine
optimization or you know Facebook Ads
take that skill and go into businesses
and then charge them to run their social
media platform works or charge them to
run their Facebook ads so take that
knowledge and create a business for
yourself ok or you know create a
business uploading videos like this to
youtube but generate that cash start
getting that cash rolling in from that
cash then you
take it and start to put it into
investments you know if you're working
as an employee and you're only getting a
certain amount of money coming in every
time it's hard to take you know a
hundred dollars a month and invest that
into real estate what I recommend doing
is if you're in a job and your employee
start getting a side income coming in
start doing a side business it's not
something you can do online you know
right now we have the opportunity to do
anything we want online there's all
kinds of different opportunities so pick
something create that cash flow and then
you want to go invest that into real
estate now when you take that cash and
you invest it in real estate you want to
find real estate that's producing
producing income right away what I
recommend is finding apartment buildings
that that are you know occupied and that
you can buy into the apartment buildings
because it's going to generate cash flow
for you if you buy you know a home and
you're thinking that that homes going to
increase the value in three or four
years you're gonna be you know you're
gonna be sweating it your money's gonna
be tied up
it's gonna be a hard investment if you
buy a home and you rent it out it's
going to be cash flow coming in but the
problem is is that if you only have one
home and that if somebody moves out or
they stop they quit paying rent you
don't have any cash flow coming in so
that's why I like compartment billions
because if there's you know if there's
30 people in apartment building if one
of them leaves then there's still 29
people paying me cash every month okay
but first you got to do online or create
a business take that cash flow put that
into real estate okay so the next thing
you want to do is smart investing so
this is really important smart investing
is this you're going to see all kinds of
deals come by you're in front of you all
the time you're going to be on social
media you're going to be on Facebook
you're going to see all kinds of
business opportunities or opportunities
come your way you really have to be
selective on what you do okay if you
just jump into the first thing that you
see and then and you just jump into it
and that's it then you're gonna be
always kind of chasing this wheel right
here you have to start investigating the
opportunities that you're going to jump
into that goes for anything goes for
real estate you can't just you know give
your money to somebody and they'll let
them go invest it into real estate for
you that's not going to work you got to
do your investigating into
the opportunities if you're just if
you're on Facebook and somebody says you
know I got a new opportunity for you and
you just throw money into it then that's
not gonna be really good smart
investment you're gonna do that all the
time if your money is just going to
start getting eaten away because you're
gonna put you know hundred dollars into
this investment hundred dollars in this
investment this one's not going to work
this one's not gonna work so here you
are - one - and then oh I'm gonna put
some money into that one well that one's
not gonna work oh let me try this one
it's just not gonna work
you gotta find opportunities that you
know when you research them and you say
okay this is an opportunity that I'm
gonna jump into for me I see hundreds of
opportunities to come my way all the
time people are reaching out to me
they're sending me emails they're PM me
saying I got this great opportunity and
I look through all of them and I I can
tell right away which ones aren't going
to be good and which ones might be good
and then I might narrow it down to maybe
one or two deals maybe every month that
I would invest in so be smart when
you're investing investigate it look for
other people are having success okay and
just kind of get this mental picture of
does this look good
is this a good investment if it is then
you can go jump it into it but don't
just run in and jump into everything
that you see right away okay so the next
one and I think this one's probably
going to be the most important thing I'm
gonna give you one more but this one is
going to be probably one of the most
important thing and that is to start
investing in yourself
okay start investing in yourself and to
acquire and hide income skills high
income skills is you know creating
websites for businesses high income
skills is learning how to do Facebook
Ads for businesses high income skills is
learning how to sell on the phone so you
can go into a business and you can sell
products and services on the phone high
income skills is creating a webinar with
you know products that you can sell on
the back end
okay these are high income skills this
is what you really want to invest in if
you're starting if you're only making a
hundred dollars a month that you can set
aside as you invest its that hundred
dollars if you put that into an
investment it's it's just gonna like if
you put that into into stocks and you're
only putting $100 away and into
index bonds or stocks it's gonna take a
whole lot of time to start to build that
up but if you take that hundred hours a
month and you invest it into your
training or you invest it into a
specific high income skill that's going
to start to multiply a lot quicker okay
you can start to multiply that and you
can start getting better and better with
it so take that hundred dollars invest
in yourself into trainings and some
mentors you know into coaches find out
who is out there that you can get
mentored by start investing into those
coaches and mentors and get right to
this source of what you win you know
what you need to do make sure you're not
just investing in all are just taking
your money and throw it into courses
after course and just learn and learn
and learning you really got to Zone in
and figure out what it is that you want
to do and then you take that money start
to invest it in those places that you're
interested in okay start investing in
those those mentors those coaches that
will interest you and then when you do
that you're going to start to accumulate
this and it's going to start to snowball
and now you're gonna have a high income
skill that you can go out you can either
you know do consulting working where you
can take that high income skill and sell
it or you can actually take that high
income skill and start to multiply it
online or within a business okay so
that's gonna be one of the most
important things and that's number four
because I got one more for you okay so
the next one is just going to be what
type of investor are you gonna be do you
want to invest in stocks do you want to
vest in dividends do you want to invest
in real estate you really want to think
about this ahead of time before you
start to jump into these okay and that's
why it's important that you really do
investigate all of these investment type
of opportunities you want to find out
which one you think is going to be the
best for you because a long term you
want to be able to take your money that
you're creating with your business
creating with your high income skill and
you want to be able to move that into
the right investment okay so it's
important that you find out which type
of investment you are for me I like to
have investments that I control real
estate is an investment that I could
control stocks I don't control them okay
I don't control what that company does
okay so like if I invest into Apple yeah
Apple is a great company but you know
Tim Tim Cook might go crazy
and screw the whole thing up so I don't
have any control over that with real
estate I have control over it you know I
can see the real estate I I know that
it's not going to get it's not gonna
fall apart or you know nobody's gonna go
in there and mess it up okay so I can
control that so think about that way to
do that what type of investor do you
want to be do you want to be somebody
that controls the investment has lots
and lots of control on it or do you want
to pit you know have an investment that
maybe is not as more controlling but you
want to have that ability to just put
that money in there and let it start to
accumulate and grow so there you go now
what you want to do is make sure you you
click on some of these videos over here
it's gonna help you get that cash flow
going it's gonna help you get that high
income skills going and that way you can
take that that money and you can start
investing that into your new opportunity
and your new and your new investments so
there you go this is Tyler Pratt I hope
you enjoy that I look forward to seeing
you on the next one
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