The number is shocking as it is only about 22 percent of average people investing their money into real estate or the stock market. When i say average people i mean the regular working people with an income somewhere between 30,000 and 75,000 per year. For me that is a pretty shocking fact because nowadays in the western world could invest if they wanted. 89% of people who earn over a hundred thousand dollars a year invest in the stock market.
Only 22% of people who earn 30,000 or less invest in the stock market.
But here’s the shame, the same power of compound interest works for either person. If you don´t have 10,000, start with 1,000, practice makes perfect.
You may be shut off from engaging in business in certain times, but there are other channels open to you.
It is not only that people do not invest today, it is also that many people think that working a job is the only way to make money, and that is not true. Hundreds of years ago people made money with farmland and railroads and today people can make money with network marketing, affiliate marketing, sales, retail, the internet. I believe that first of all it is a mindset thing. You need to get your mind right before you get your money right.
The philosophy is the same. The times and the technology have changed. There are opportunities always when the technology changes, new opportunities come up and go away and new ones are started. There’s opportunity for you today. Every single day you could do something to make more money. There’s no one keeping you out of an industry today. You have everything you need in your phone and your laptop. We were only held back and limited by our own imagination.
What is important before i start investing?
To give you one example. Creating and Marketing a website isn’t only done on the internet. It can be done in any way that your mind can see. This idea that if we do things in a certain way, if we believe that can and we begin to conduct ourselves as if we do, but it’s possible and you know that I believe that anyone regardless of age, race, or financial situation can become rich in the next 7 to 10 years. Anyone by following the principles of wealth, engaging and investing, you only need to invest in four things. First and foremost, you need to invest in yourself. Self-help, gym memberships, books, classes, anything that improves you, anything that motivates you, anything that’s good for you, for your health. This is an investment in you.
The three keys to a successful life
There’s three keys to successful life, health, wealth and mindset. It doesn’t do you any good if you get rich in your unhealthy and die. So you have to invest in yourself. Health and mindset are about investing in you for things we can invest in.
First and foremost is invest in yourself.
Second, you can invest in a business and or your career. If you work for a company, you’re in tech, you get more certifications. If you’re a truck driver, you make sure you’re fully qualified. If you’re a nurse, you’re always continuing to try to raise up, to increase that income. The point to increase the income isn’t to squander it and waste it, but it’s then to invest it to begin to build wealth for your family and yourself.
Number three is the stock market.
What is people holding back to become wealthy?
If you don’t begin practicing building wealth, you will never actually build wealth before you can walk. You have to practice before you become talented on a piano. You have to practice, building wealth takes practice and the reason you haven’t done it, the reason you don’t have wealth and the reason you don’t have time is you don’t invest wealth and time. You only get more of what you do and so if you suffer right now from a lack of money, it’s because you’re not doing the things to make more money. Period. You didn’t invest time and money when you could have. How you think is everything and take full responsibility for everything. This is where personal power comes from. When you control your thoughts and you assume responsibility. That’s the basics of building wealth because Irregardless of whether you make 30,000 or 100,000, you have no right, no excuse not to tap into the power that’s available to everyone regardless of age, race, or color. Regardless of financial situation, anyone has access to the same markets. Anyone can invest in themselves. YouTube is free.
Anyone can begin working to improve themselves, to increase their knowledge, to increase their motivation, to find inspiration, to study new things. If you don’t start with investing in yourself, don’t bother doing the others. It won’t matter and everyone can invest in themselves because it’s free and so you must just become an investor so we can invest in ourselves. We can invest in our business and our career. We can invest in the stock market and we can invest in real estate.
The working class may become the master class when they begin to do things in a certain way. The law of wealth is the same for them as it is for all the others. This they must learn and they will remain where they are as long as they continue to do as they do. So if you are that $30,000 a year guy, but you continue to act as if you’re a $30,000 a year guy, you continue to invest as if you are a $30,000 a year guy. You read the same number of books as people who are 30, let me give you a little hint, 30,000 a year. Guys don’t read books. They watch sports.
What do i need to change to become wealthy?
You invest in the stock market. You invest in real estate. 89% of all families making $100,000 or more a year. Invest in the stock market. Only 22% of people making 30,000 or less. So if you want to be the guy that makes $100,000 maybe you take on the skill set, the mindset and the activities of those people that you want to become. Walk as if and talk as though become what it is you want to become. Become it now.
You’re just where you’re at now. You’re not investing in yourself. You’re not investing in your business and career. You’re not investing in the stock market. You’re not investing in real estate. You will always be poor, but all four of these are available right now. Regardless of your income level, your race, your age, your color, or your financial situation, all four, you can begin today if you choose to.
What about investing in real estate?
One option is by owning the house you live in and stop being a renter. That’s one way to begin investing in real estate. That’s slow. Wait, but that is a way to stop being a renter and begin building equity, owning your own home? That is a way to invest in real estate. You could buy single family homes like I do. I like to buy small 800 to a 1,000 square foot homes. I like to buy one or two a year. I like to personally work on them. I’ve been doing it for many, many years. Many, many houses have been very profitable to me. That is available.
If that isn’t available in your area, you can invest in publicly traded REIT´s (Real Estate Investment Trust). They trade just like stocks. Some pay 5%, 10%, 15%, 20% returns. Anyone can do this from a smartphone or a computer, right from your house.
You have always a choice. It’s your choice.