5 Things You Need To Do Before You Put Money In Stocks OR Index Funds

"market crashes happen they have happened and they will continue to happen and in fact probably get more severe in the future because of the amount of debt out there"

"this passive system is what I believe most of America 90 to 98% of America should be doing to build wealth"

"when you invest in individual companies like this because when you invest in individual companies with a passive strategy you're taking on all the risk"

"if you created a system where your money is consistently going into these companies because now you want these companies to fund your retirement today you would have nothing and so this is where now you want to protect yourself against these bankrupt companies if you're going to be a passive investor by investing in something like a fund"

"there are funds that give you exposure to the S&P 500 like spy Spy is an ETF that if you buy one share of spy you're buying a piece of the S&P 500 which is a group of the largest 500 companies in our stock market"

"there are funds like QQQ that give you exposure to the NASDAQ the NASDAQ 100 is a group of the 100 largest companies that are not Financial that are listed on the NASDAQ"

"the number one the way active investing works is now you are going to take money so now this is money that's going to be sitting in your account somewhere maybe you're bank account somewhere maybe a high interest savings account somewhere you have this cash and now you're going to be looking for a good investment opportunity"

"the first thing you want to understand now is how do you read financial statements how do you read a cash flow statement how do you read a balance sheet and how do you read an income statement"

"you want to look at how they're innovating you want to look at the general pulse of do people actually like these products and will they want these products in the future and how is this company going to stay competitive in 5 years and 10 years from now"

"the way that you build wealth is by consistently investing your money you don't just invest your money once or invest your money for a few months or invest your money for a year this is something now that you want to be consistently investing your money month after month after month year after year after year if you really want to build wealth"

"over the last 5 years the Verizon company has lost about 30% of its value"