How To Invest Your FIRST $1,000

"if you have a thousand dollars sitting in your savings account right now you have a few different options of what you can do... if you take this thousand dollars and you put it into a high interest savings account that's paying let's just say five percent in interest now you're gonna generate fifty dollars over the course over a year"

"if you put this money into the stock market now you're trying to grow this money by seven to ten percent a year that has been the historical average when you invest your money into the stock market so let's assume you can get a 10 return on that one thousand dollar investment after one year you are going to make a hundred dollars of profit"

"if you have a thousand dollars sitting in your savings account right now you have a few different options of what you can do number one is you take the thousand dollars you go to the mall and you buy her stuff when you watch that's spending the money but now that thousand dollars is gonna slowly go down to zero so you're essentially throwing this money in the garbage yeah you got a nice watch but that watch is not gonna appreciate in value it's going to go down in value option number two is you can save this money now if you take this thousand dollars and you put it into a high interest savings account that's paying let's just say five percent in interest now you're gonna generate fifty dollars over the course over a year not a ton of money but better than nothing is better than spending that money but the third option is you can invest this money and this is where most people think oh you can put this money into the stock market or you could put it into real estate although you're not gonna be able to buy a rental property with a thousand dollars in today's market so if you put this money into the stock market now you're trying to grow this money by seven to ten percent a year that has been the historical average when you invest your money into the stock market so let's assume you can get a 10 return on that one thousand dollar investment that means you invested thousand dollars into the stock market after one year you are going to make a hundred dollars of profit"

"I started my minority mindset show this entire YouTube channel with less than 500 and I save 500 to be very gracious but I know it was significantly less than that I didn't have a fancy camera when I got started I don't have fancy lighting when I got started I I had my cell phone my iPhone that I had and then I had a tripod that I bought off of Amazon I think I paid 25 for the tripod and that was it I don't have any fancy microphones I don't have any fancy editing equipment I don't have anything I used my 25 tripod I think I might have bought a 25 light as well so maybe let's just say 50 or 60 bucks to get started with the equipment"

"if you can invest this money into your education or this could be investing your money into your income"

"most of the time 99 of the time you can go out and get started and start building your business your brand your product with very little amounts of money I started my minority mindset show this entire YouTube channel with less than 500 and I save 500 to be very gracious but I know it was significantly less than that I didn't have a fancy camera when I got started I don't have fancy lighting when I got started I I had my cell phone my iPhone that I had and then I had a tripod that I bought off of Amazon I think I paid 25 for the tripod and that was it I don't have any fancy microphones I don't have any fancy editing equipment I don't have anything I used my 25 tripod I think I might have bought a 25 light as well so maybe let's just say 50 or 60 bucks to get started with the equipment I recorded the videos off of my cell phone with no mic or anything and then I edited it on the free editing software that my computer had and then I uploaded it to YouTube and I kept doing that until I started to get more views and started to get some revenue and then when I got some Revenue that's when I bought my first camera and that's when I bought my first likes and then I went out and bought my first microphone and that was a tough purchase because microphones are expensive but it wasn't necessarily started making money that I started really spending money and this is a mindset you really have to shift because most people assume oh man I can't go out and do this because everybody's got all this fancy stuff and everyone's spending all this money on advertising and this and that to get started well the reality is you don't need a ton of money to get started it's not the tool set that you lack it's the mindset"

"No one can perfectly time a recession but there is one recession indicator which has warned investors of every recession coming for the last five decades and right now this recession indicator is flashing some big red warning signs but most people are choosing to ignore it this indicator is called the inverted yield curve"

"I started my minority mindset show this entire YouTube channel with less than 500 and I save 500 to be very gracious but I know it was significantly less than that I didn't have a fancy camera when I got started I don't have fancy lighting when I got started I I had my cell phone my iPhone that I had and then I had a tripod that I bought off of Amazon I think I paid 25 for the tripod and that was it I don't have any fancy microphones I don't have any fancy editing equipment I don't have anything I used my 25 tripod I think I might have bought a 25 light as well so maybe let's just say 50 or 60 bucks to get started with the equipment"

"and so I would try a lot of different things and I was running businesses before the minority mindset show and I was investing in real estate before but for me now is I'm building this content this is fun it was a hobby at first but then I wanted to turn it into a business because I was spending so much time into creating this personal brand so first I started with building a Blog which failed and then I had the idea to build the briefs media brand now again if you wanted to go out and start a media company generally it would cost a ton of money and most people have to then go out and either raise debt or you go out and raise investment Capital venture capital from investors but I was able to self-fund it because now I could take the revenue that I was making from my YouTube brand my personal brand and follow that here into the briefs media brand"

"when I got some Revenue that's when I bought my first camera and that's when I bought my first likes and then I went out and bought my first microphone"

"no one can perfectly time a recession but there is one recession indicator which has warned investors of every recession coming for the last five decades and right now this recession indicator is flashing some big red warning signs but most people are choosing to ignore it this indicator is called the inverted yield curve"

"you don't need a ton of money to get started it's not the tool set that you lack it's the mindset"

"I started off in event planning that was my first business then I got into real estate by real estate I don't just mean investing in real estate I was doing that but I also got my real estate salesperson's license I also became a real estate wholesaler then I got onto the internet I started selling on Amazon then I started my only Commerce store and after that after doing all this and investing in real estate I then got on the internet with my YouTube channel"

"this recession indicator is called the inverted yield curve"