Where To Invest $1,000 Right Now Best Education Page #Online Earning

so where should you invest $1,000 right

now a question I've been getting from a

lot of people now let's first assume

that you've already got money put aside

saved for a rainy day an emergency fund

that's always the first thing you got to

do before you consider investing you

ideally want to have three to six months

of whatever your monthly expenses are

saved put aside put that into a savings

account you do not touch that unless you

lose your job unless you're going

through an emergency and you need it to

get through a difficult time

the worst thing you want to do is take

everything you've got and invest that

into a stock a business or some other

investment vehicle or class that's way

too risky and that's not financially

responsible you first got to make sure

that you have good money management

skills and habits before you consider

investing you never want to be in a

position where you've got to sell your

investments out of desperation to pay

your rent or your bills or whatever it

might be so you first got to be

responsible you first got to learn the

foundational skills of managing their

money and tracking your expenses and

setting a budget you might have to sell

stuff you don't need you might have to

cut back you might have to make

sacrifices but you first need to have

that savings and especially in a time

like this where you want to hold more

cash to have as a reserve for that rainy

day now let's assume you've already done

that and by the way I've done other

videos here on my channel teaching you

more about how to manage your money I've

been teaching it for many years now on a

link those for you here on project life

mastery in the description for you to

check out those videos but let's assume

you have now $1,000 after that that

you're ready to explore investing

there's a few different options for you

and I'm gonna give those to you and I'm

gonna share with you what I think is the

best option

depending on where you're at and the

steps that I took that were the most

beneficial for me and what my mindset is

of this the first option and opportunity

that you could invest your thousand

dollars into would be investing in

stocks investing in the stock market

there's a lot of great amazing companies

that if you buy them now you hold them

over the long term they're very very

likely to go up and you're likely to

make money from that and do pretty well

at a time like this where we're in a

bear market which means that the the

prices of stocks and the US and Canada

and really the whole world have dropped

from their all-time highs

down 20% or more that's a bear market

and a lot of great companies you can

invest in at a cheaper price than what

they're trading at a month ago you can

buy and invest in and if you hold it as

things recover as things go back 20 30

percent you can make that return but if

you hold it long enough then things tend

to go up and do even better over the

long run

I love investing in stocks that's what I

do with the money that I make from my

businesses I take that I invest some of

it back into my business others I invest

into other investment classes to

diversify and to create long-term wealth

and right now there's some great buying

opportunities I've done some videos

already on my youtube channel and my

podcast sharing what I'm investing in

and how I'm investing and my investing

strategy and advice for beginners I'll

link those for you as well but I've been

in I've been buying a lot of blue chip

companies a lot of the biggest companies

that are you know on the the stock

exchanges in the US and Canada I love

buying all the big tech companies I'm

very bullish on Google and Amazon which

by the way Google Amazon are trading at

more than $1000 of shares so might not

be appropriate for you if you only have

a thousand bucks but Apple and Facebook

and Microsoft and Oracle and Salesforce

and Tesla and a variety of other

companies that I really love that I

believe in that long-term are gonna make

me more money

I've also invested a lot of bank stocks

and those could be some great options

for you that I think financials is

always a great staple to have in your

investment portfolio I invest in the

biggest banks in the US and Canada so

that includes JP Morgan Chase Bank of

America Wells Fargo Goldman Sachs Morgan

Stanley Citigroup Bank Citibank rather

and then on the Toronto Stock Exchange

and also trading in the US exchanges as

well as Bank of Nova Scotia TD Bank

Royal Bank of Canada

CIBC Bank of Montreal I invest in gold I

invest in a lot of ETFs exchange

exchange-traded funds I invest a little

bit until oil as well Exxon Mobil and

Chevron I invest a little bit in some

airline companies like Delta a variety

of different companies and stocks

there's a lot of great opportunity to

invest in some of them might be more

risky than others such as Airlines or

oil right now

others you can't go wrong with my

opinion such as the big tech companies

or the financial companies even the

credit cards like American Express and

you know MasterCard and Visa I like

there's a lot of great real estate

investment trusts that you can also

invest in there's a lot of great

opportunities right now as an investor

but in order for you to invest at a time

like this you've got to make sure that

you're prepared

you don't just reactively in my opinion

dive into investing when you've never

invested before I don't know if that's

the best idea to be honest with you I

think that you should have been

preparing for this time beforehand

educating yourself a little bit more

maybe already been investing and so then

you can kind of enter into a bear market

like this prepared and knowing what

you're doing rather than making some

more risky decisions because you haven't

really invested before in your life and

if you haven't invest it doesn't mean

you can't now you can still learn and

you know dip your toes in and gain some

experience with it but in my opinion I

think a lot of people they're not quite

ready to really dive into investing

until first they've got money saved

they're a little bit more educated on

investing and they actually have a

strategy and a plan going into it rather

than just jumping into something not

really know what you're doing so that's

a little disclaimer that I have for you

guys but if you are in a position and

you've you've got your savings you got

more $1000 or more you're looking for

the long term and you're responsible and

you've educated yourself a bit on

investing already there can be some

great opportunities right now

that if you have that long term horizon

you can do pretty well with it now

here's the thing when it comes to

investing oftentimes if you only had a

thousand bucks to be honest with you

investing in stocks is not the place

where I would recommend for most people

okay they're probably only be a very

small percent less than 5% of people

watching this that really recommend to

pursue investing more in stocks at a

time like this

because when I look at my life I didn't

create my success by investing in stocks

yes I've made a lot of money investing

in stocks and it's been great for me but

it didn't really change my life

you see if right now you've got a

thousand dollars to invest and let's say

you put it into Apple you know you can

buy maybe three or four shares of Apple

stock right now or maybe put into Tesla

you could buy two shares of Tesla you

could put it into that

and as things recover over the next few

months by twenty or thirty percent your

thousand dollars you know now you have

thirteen hundred dollars you made a $300

you know return on your investment or

maybe you hold it long enough and that

goes to two thousand dollars or more

than that is that really gonna change

your life

I mean honestly is having an extra three

hundred bucks a thirty percent return

under a thousand dollars really gonna

change your life I mean yeah it's cool

to make an extra three hundred bucks

it's great to get that kind of return

that's a great return but not unless you

have a lot of money to invest it's not

really gonna move the needle that much

in your life and you're gonna have to be

such a long-term investor that you hold

these companies for ten twenty years and

even longer than that before you really

get to numbers that that really add up

that could be a little more

life-changing for you so to be honest

with you even though it's great to have

a thousand bucks in to invest it it

wouldn't be the number one place to

start see I think that's what what a

more important investment to make before

you even invest in stocks and the

investments I made first when I started

my journey was investing in myself and

by the way that's the number one

investment that Warren Buffett one of

the greatest investors of all time one

of my role models he says the best

investments not in real estate it's not

in stocks it's in you it's in you that's

the best investment that's what changed

my life more than anything else and I

think a lot of people don't realize and

recognize how powerful information can

be how powerful it can be to invest in

books where you can you can extract a

whole lifetime of someone's experience

and knowledge and you can consume that

in a matter of hours or days and read

that book and upload all of their

knowledge and wisdom into your brain and

that benefits you and benefits how you

live your life from here on forward and

the decisions that you make that's a

great investment you know books are such

a bargain when it comes to the amount of

money it cost to invest in them and the

return you can get on that in your life

is incredible or investing in courses

you know just the other day Tatiana and

I invested in a relationship course of

course one on Tantra is 300 bucks and

we're obsessed with improving every

aspect of our life and I could have

taken that 300 bucks and invested in you

know one share

Apple but I know that this investment in

this course in our relationship is it

going to equal something so much more

than money it's gonna create more love

and more passion more intimacy in a

relationship it's gonna allow us to

remove blockages that we have preventing

us from being more open and surrendering

to each other and taking our

relationship to levels beyond what it is

now for me that's a powerful investment

more than just you know getting a 30%

return on a certain stock or investing

in in my business my marketing skills my

talents my capabilities my ability to

communicate my mindset my body there's

all these things I can invest in do

other mentors and courses and coaches

that I can hire that I'll always get a

greater return from than I ever will

from a stock and by investing that money

into myself to become more than that

equates that everything else I do in my

life getting that much better I can make

better decisions in my business my

finances my relationships all of that

improves by first prioritizing yourself

so that's always the number one thing

that I recommend for people I see

everybody you know whenever people ask

me what stocks I mean I really talk to

them about them say hey listen don't

worry about stocks right now work on

yourself work on your habits your skills

your mindset all of the things that will

actually equate to you earning millions

of dollars return from who you become

and ultimately allow you to have that

money to invest more with when it comes

to other opportunities and stocks or

whatever it might be so that's number

one that's how I changed my life since I

was 17 years old first seminar I ever

went to was five hundred dollars at

eighteen years old and ever since then

I've been literally invested hundreds of

thousands of dollars into myself and yes

it's a lot of money you may think that's

crazy

but that's resulted in me making

millions of dollars and not you know

more than money if it's transformed

every other part of my life okay so when

I do the math on that the return that I

get from every investment I make and

especially when you're young now is the

time to grow and to learn as much as you

can because that's gonna make the rest

of your life easier

you know if you're a teenager if you're

in your 20s or 30s and 40s you have an

opportunity right now to make your 40s

and 50s and 60s and seven

so much easier and greater if you're

willing to sacrifice a bit now to invest

your time and your money into yourself

they'll pay dividends to you in your

future old compound over a period of

time okay

I started when I was 17 I'm 33 years old

33 now over 15 years of doing the advice

I'm sharing with you guys my life is so

much different today and I get a live

and really I'm blessed and very grateful

to live this life but it's all because

of those decisions I made 15 years ago

ten years ago and you have that

opportunity right now that you're not

gonna see the benefit really over the

next few months but you will see it a

year from now five ten years from now

how much your life will change based on

the investments you're putting it to

yourself right now so that's always what

I'd recommend first and foremost the

second thing would be investing in your

own business now not everybody wants to

build a business if you just want to

have a job instead that's fine then

definitely investing in stocks or real

estate can be great for you but for

those of you that really want to take

your life and your finances in your own

hands building your business is the way

to do it that's really how most people

become wealthy they make their money

also yes on stocks or real estate but

that's a very very long term a business

is something you have more control over

it's something you can put your time

your energy your money into you can get

much greater returns for me a thousand

dollars I put into my business can equal

tens of thousands of dollars return okay

and right now is one of the best times

to get started on a business because the

world is going through a big shift right

now at the coronavirus where more people

are transitioning online to buying

online to consuming content online I

mean it was already high before now

we've just taken to an even higher level

because people are forced to interact

and engage and use the internet more

than they ever have and so if you build

your business now online even though yes

there might be a rough patch where there

might not be enough people spending as

much money for the next few months for

the next year if you go into a recession

you're positioning yourself at this time

by developing these marketing and

business skills and building your

business so that when things do get

better you're gonna explode and

skyrocket and really benefit from all

the work you're putting in now and

that's my mindset that I

right now I'm investing in mentors and

and and expertise and strategy is to

grow my business and I always try to

humble myself even though I've been

doing this for a long time

humbled myself to the point where I'm

still a student I just want to learn

extract as much as I can from others and

get courses and mentors all of that

because I know right now even though my

sales might be going down a year from

now I'm gonna go to another level

because of this because of this time and

look back because you've got to have

that long-term horizon as an investor

and so investing in your business

whether it's on Amazon physical products

maybe it's you know publishing books on

Amazon and investing that maybe it's

investing in a website maybe it's

investing in content maybe it's

investing you know in some sort of

project that you have that can bring a

potential return for you now is the time

to do that now is the time to double

down and focus on that and and and take

advantage of the opportunities that are

present for you and whatever your

thousand dollar investment is you're

gonna make so much more on the other

side of that than you will from just

investing in a stock or real estate or

whatever it might be so for me those are

the things that I've really prioritized

the most investing in myself I've been

investing in my business I always get

the greatest returns from that and then

because I've rinsed and repeated

investing myself and my business

I've been very grateful to be in a

position where I have a business that

brings in a lot of cash flow and then

that's how I'm able to take that money

and invest it in stocks and other

investment vehicles that can really

create that long-term wealth over the

next 10 years and beyond so I think for

a lot of you guys that are looking to

invest yes it's great learn as much as

you can maybe if you don't want to build

a business look into investing in stocks

and maybe dip your toes in now and even

if you have a business not saying you

should put everything into your business

or just herself it really depends how

much money that you have ideally you do

all three right you invest in yourself

you invest in your own business and grow

that and you also invest in stocks

ideally you do all three as I do but it

really depends how much money you have

and we're starting from and if you only

have a thousand bucks

first it's pro ties in yourself and then

it's also your business because those

two are interlinked right the more you

invest in you the more that your

business will benefit from it and then

making your money from your business and

then taking that and investing in stocks

and other long-term and

that's what I did that's what I

recommend for most people it's just what

the makes honestly the most sense when

you actually look at the return that you

can get on each different investment you

make for your thousand bucks so

hopefully this is helpful for you guys

otherwise right now is the time guys as

I said use this as an opportunity study

harder work harder invest in yourself

right now use this time to position

yourself for your long-term success and

it will pay off for you so if you

enjoyed this give this a thumbs up

subscribe for more videos here on

project life mastery on inspiration

business marketing success every aspect

of life that you want to improve and

master and if you want to get started

building a business or learn more about

ways to invest in yourself I have some

courses and resources that I can share

with you that I'll link to below for you

or you can go to project life mastery

com

thank you so much I'll see you again

soon god bless you and take care

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