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This business coaching session is about investment options.

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Featured Coaching Excerpt - Notes & Transcript, Part 1
  • Pros of Being an Investor: Your money works for you.
  • Pros of Being an Investor: You get to focus on areas of high joy.
  • Pros of Being an Investor: Make massive money.
  • Cons of Being an Investor: Your money can cost you.
  • Cons of Being an Investor: You have to be wise and make good decisions.
  • The Definitive Book on Investing - The Intelligent Investor by Benjamin Graham
  • Cons of Being an Investor: You can lose massive money.

[MUSIC PLAYING] better business model coaching than udemy, how to start a business

-But to be an investor, what's the pro of an investor? The pro is that you're having your money work for you, right? That's the pro.

I mean, your money, right now, while the investor sleeps, if you're a successful investor, when you're sleeping-- there's one guy I know who has a little over $100 million net worth. And what he does is while he sleeps, while we're watching this video, while you're watching this video right now, he's making about $80 an hour without working.

What does that mean? You mean this guy's making like $800 a day without working? Yeah. That's $4,000 a week.

To further irritate you, I'm not being totally truthful. He makes about $8,000 an hour. You know how crazy that is, to make $8,000 an hour? To have $8,000-- to have at the end of a day, to have $64,000 by not working? That's crazy. Well, an investor has their money working for them.

The other pro about being an investor is that you get to focus on areas of high joy, because you don't have to work in the minutiae anymore. You don't have to flip burgers. You don't have to DJ like I did. You don't have to make sales calls.

You don't have to do that, because you can focus on your areas of high joy. That's what an investor can do. An investor can actually do that.

Now the other area that's a pro for an investor is that they make massive money. We're talking about massive amounts of money. Warren Buffett, Bill Gates, Steve Jobs, these are all guys who made massive amounts of money.

Now, a lot of those guys invested in their own business. But once you get to that investor level, your money makes more money without you working than you could possibly make when you're working.

So what are the cons to being an investor? What are the bad parts about being an investor? Well, one, your money works for you. You make your money work for you. But your money can also cost you.

I mean, what if you invest in a company that goes belly up, and now you owe money? Because the company loses more money than they had, and now you owe money. Your money could cost you.

Also, you have to be wise. Because if you're going to spend your day looking at investments all the time, and you're not going to be flipping burgers, you have no income coming in, if you make poor decisions. So you have to be wise.

And there is a book, by the way, by Graham. This book is endorsed by Warren Buffett. And if you get a chance to look up Warren Buffett and then a guy by the name of Graham, you can see the books that Graham recommends. And I'm just telling you, Warren Buffett and Graham are the people you want to study. So when it comes to making wise investment decisions, these guys know what it's all about. So just know that.

Now, the final area is that you can make massive money. You can also lose massive money.

[EVIL LAUGH]

I know people who have had huge amounts of money come into their life and come out of their life quickly. Because they were not able to be a good investor. Meaning, they had a million dollars, when they sold a company. And they took that money, and they invested it. And it cost them. They were not wise, and they lost massive amounts of money, all right?

So why do we have to go through these four? If you're watching this right now, and you have a ton of money, why can't you just hop into an investor? Well, let's review real quick here, so we can be on the same page. And I'm hoping that this makes sense to you.

Before you can be an investor, you have to know how to be a good business owner. How would you know what to invest in, if you don't know how businesses run? You have to be a good business owner before you can become a good investor. That's how that works.

Then you have to understand what it's like to be self-employed to understand how to be a good business owner. Because you can't be a good business owner, if you haven't ever been a good self-employed person. These are fundamentals you build on. It's like a

foundation.

Watch Additional Trainings on How to Start a Business on Thrive15.com

Featured Coaching Excerpt - Notes & Transcript, Part 2
  • Lesson Nugget: Starting off as an employee is the only way to start your journey to becoming an investor.
  • Lesson Nugget: Everyone needs some place to start. Entry level jobs can still provide you with experience you will need on your journey up.
  • What the Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not! - Rich Dad, Poor Dad by Robert Kiyosaki

-And the final area is you have to be a good employee. How are you going to manage people and hold people accountable to be a good employee if you've never been a good employee? There's a lot of employees watching this now going, man, I would be an investor. You're not ready for it. You have to go from the employee, to being self-employed, to being a business owner, to being an investor. It's like a foundational deal.

I'm going to draw this for you because I think this helps. And if it doesn't help you, at least it helps me, and the more I draw it, the better my drawing gets. But you want to start here. Everybody needs to start off as an employee.

I get so frustrated when they keep trying to say, gosh, you know in America today you can't support a family when you have a job at the bottom. You know, you can't support a family with an entry level job. I know. You shouldn't-- to you shouldn't be at an entry level job very long. But we all need some place to start. You have to start somewhere. Live on the couch with your uncle. You shouldn't really be making a big family before you've started off an entry level job. You need to start the bottom and then you move up.

To what? What do we move up to? You move up to being self-employed, right? Right. Then we move from being self-employed to what? To being a business-- somebody help me-- business owner. And then as we move from a business owner, we move into a what? Somebody watching this-- oh, oh somebody's getting it now-- Investor.

So this is what it is right here. This is how it works. This, is my friend, is the business vehicles. These are the vehicles that can help you move from where you are to where you want to be.

Now just to kind of take our analogy to the next level, once you get to the top of this investment deal-- let's just pretend this is a rocket. Oh, here we go. Here we go. This is my super exhaust. Look at this. Look at this accurate-- look at the accuracy of my drawing here. This is like a it's taken off. There's all sorts of smoke. It's taking off.

This is a rocket that will take us to other planets of awesomeness. This is our vehicle. But I'm telling you, you have to be an employee first, then self-employed, then a business owner, then an investor if you are ever going to get where you want to go.

But never forget, never forget these are not destinations. These are just vehicles to help you move from where you are to where you want to be. If you need anymore help, and you're kind of going, gosh I have no idea what you're talking about, definitely watch this as much as possible. Or there's a fabulous book written by a man by the name of Robert Kiyosaki. Robert Kiyosaki. It's called, "Rich Dad, Poor Dad." "Rich Dad, Poor Dad."

It's going to be on the resources tab on the Thrive website. If it's not there already, it'll be up soon. "Rich Dad, Poor Dad" by Robert Kiyosaki. I could not endorse a book more than "Rich Dad, Poor Dad" when it comes to learning the vehicles needed. The vehicles that are out there to move from where you are to where you want to be. Hey, we'll see you next time.

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