Stop Making These HUGE Payday Mistakes

"The stock market and the real estate market generally grow by an average of 7 to 10% a year. This is what we have seen over the last century."

"if you have any sort of highin debt maybe you have credit card debt and if that credit card debt is costing you let's just say 18% a year well now let's think about this your credit card debt is costing you 18% a year when you go and invest your money you're trying to get a to 10% a year which number is bigger"

"if you have high interest debts one of the things that I always like to say is pay down your highin debts your credit card debts before you go out and start talking about how do you invest your money in stocks in real estate"

"The key the key to building long-term wealth is getting started because even if you pick the wrong investment at least you're getting started and what happens even if you make the wrong investment is you are starting to learn losing is a part of the process"

"if you can invest $350 a month between the ages of 21 and 31 and that's all you do you invest $350 a month every single month and you can get a decent 8% return on your money and after the age of 31 you don't invest another Penny you just let the money compound at the same rate until you retire you will be able to retire a millionaire even if you never invest another Penny after you turn 31"

"Rule number nine is understanding that money flows to the patient Warren Buffett likes to say that the stock market is a device that transfers money from the impatient to the patient"

"Rule number ten is to remember that failing is a part of the process the kind of ironic thing about investing is sometimes it could do everything right and still be wrong and other times it could do everything wrong and still be right and make money"

"Rule number one before you buy a home to live in buy a property to rent out"

"anytime you spend a dollar invest a dime"

"I invested into my first real estate investment property I was in college I had some cash in the bank because I was running an event planning business at the time and this was back right after the real estate crash the 2008 crash so real estate prices were rock bottom I did not have any real estate mentors I didn't even know that you could invest in real estate I didn't know anybody that was investing in real estate"

"I bought my first property it was a small little condo I wasn't going to live there myself I was renting it out to somebody else and this condo after paying all of my expenses put $250 into my pocket every single month"

"The goal is for you to have assets that your family can fall back on that way even if you were to die tragically your family would have assets that they can rely on financially so at least your family would be okay until you get to that point"

"if you're a healthy 30-year-old guy you can get a million doll life insurance policy for something around $30 a month"