https://www.youtube.com/watch?v=JC1W26IWB3AOne of mentors, Graham Stephan - I don't really know him - but I did buy his Youtube course - he just uploaded an awesome Youtube video. And simply because he is awesome, and the video was one of his best thus far, I had to make my own version of it. His was named: How to invest in your 20's to be wealthy in your 30's - and man! He is spot on!
But as you know - one of many awesome philosophies in life being: "take everything to the extreme, and see if it works", screamed at me to create this video: Invest in your teens to be wealthy in your 20's.
Now why would you listen to me about this is basically because I have done most of the things that he recommends you DO NOT do - including going to college, getting into debt, falling for the temptation of lifestyle inflation through buying fancier things as my income increased, NOT living as if I was broke, and NOT saving and investing a large portion of my income to invest in rental properties and stocks. However what I did manage to do by the age of 33, was to start a family with a beautiful wife, three awesome kids, and to build multiple businesses, and to go personally bankrupt a couple of months ago because of excessive family expenses, and even after this STILL keep approx 2500 dollars every month in passive income from my two businesses - which right now is enough to cover all our expenses. So I just went bankrupt, and I'm still financially free. Isn't that interesting?
But imagine if I had actually listened to Graham AND my future self, 20 years ago, as a 13 year old - think of how cool of a time I would have had in my 20's! So if you are in your teens, or you in the future will have teenage boys - watch, and rewatch, and rewatch and smash that like button if you haven't already, and rewatch our videos again and again UNTIL IT STICKS!
He used a fantastic example of how if you invest 1 dollar as a 20 year old, and have a return of 7%, when you are 65 years old, that 1 dollar will have become 21 dollars! 1 dollar into 21 dollars from 45 years of compounding. But if you started 10 years later, that same 1 dollar investment would only be less than 11 dollars!
But what if you start at 13 years old!??!! You would have 7 extra years of investing that 1 dollar. At 65 years old, that one dollar would have become over 33 dollars! Just those extra 7 years of WASTE of going to school, when you could have been working on your discipline, going in the footsteps of a businessman who knew what he was doing, and learning the trade. Those extra 7 years of investing would have tripled your dollar investment, instead of doubled! TRIPLED!
But most kids these days - no, parents allow them to waste away those 7-8 years of their youth on girls, parties, masturbation,
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https://www.youtube.com/watch?v=sVJrFK_2-8c