Project Life Mastery https://projectlifemastery.com Mon, 25 Mar 2024 16:23:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://projectlifemastery.com/wp-content/uploads/project-life-mastery-favicon.ico Project Life Mastery https://projectlifemastery.com 32 32 Investing In Cryptocurrency For Beginners https://projectlifemastery.com/investing-in-cryptocurrency-for-beginners/ https://projectlifemastery.com/investing-in-cryptocurrency-for-beginners/#respond Thu, 18 Nov 2021 16:00:21 +0000 https://projectlifemastery.com/?p=13536 This is your beginner's guide to investing in cryptocurrency. Do you want to know how I'm making passive income with crypto right now? Click here for more!

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This is your beginner's guide to investing in cryptocurrency.

In this blog, I break down how cryptocurrencies work. I share with you some of the best exchanges for buying, holding, and selling cryptocurrency.

I also talk about some of the most popular cryptocurrency coins that you can buy and invest in over the long term.

If you want my proven strategies for making money with cryptocurrency, keep reading!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://stream.redcircle.com/episodes/8a2f4dee-3a7e-40c9-93f1-df727eddc88a/stream.mp3″ background=”default” ]

Do you want to know how I'm making passive income every day with Crypto Bots? CLICK HERE to learn my secrets! 

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

Investing in cryptocurrency can be risky. 

Hence why you must have the right mindset before you start investing in it. Cryptocurrency is a new asset class, which means that there is a lot of volatility. It will go up and down.

There are a lot of people who have made a lot of money from the growth and appreciation of cryptocurrency. At the same time, there are also a lot of people who have lost a lot of money from investing in cryptocurrency.

At the moment, we are seeing a huge cryptocurrency boom. Some investors are speculating that Bitcoin could hit $100,000 per coin by the end of 2021. I think that's going to happen.

I've been investing in cryptocurrencies since 2017. I've made a lot of money from it. The more that I learn about crypto, the more that I love it, and the more that I want to hold more of it.

However, I want to mention that I am not a financial advisor. I am not here to give you investment advice. You have to do your research and be responsible for your own investment decisions. 

Why I Love Cryptocurrency

I believe that cryptocurrency is the future. It's already a huge part of our lives. It reminds me of the introduction of the Internet in the '90s. At the time, there were a lot of people who were reluctant to embrace big Internet companies.

Nobody knew how to value these companies. Eventually, in 2000 the dot-com bubble burst. Since then, the Internet has changed how we live our lives. If I could go back to the early 2000s, I would invest in companies like Google, Microsoft, Apple, and Amazon. I'm sure that most people would agree with me.

A lot of people believe that cryptocurrency is the greatest invention since the advent of the Internet. Back in 2017, cryptocurrency went mainstream. However, it was followed by a crash. For a few years, nobody was talking about cryptocurrency until it exploded again in 2021.

Is Cryptocurrency The Future of Money? 

Today, a lot of institutional investors are pouring money into cryptocurrency. Also, we've seen big companies, like Tesla, buy and hold billions of dollars worth of Bitcoin. We've also seen countries, like El Salvador, adopt Bitcoin as one of their national currencies.

Everyone is in agreement that cryptocurrency is here to stay. There is enough demand and interest for it that it won't go away. That being said, there is still uncertainty in terms of how crypto is regulated in certain countries.

I believe that everybody should have some exposure to cryptocurrency. In fact, I don't see any logical argument why you wouldn't. Keep in mind that there have been a lot of people who have been skeptical of innovations since the beginning of history.

Guess what? A lot of them were proven wrong. I'm not saying that you should invest all of your money into cryptocurrency. Rather, I'm saying holding some crypto has its place in every diversified investment portfolio.

At this stage, nobody can deny that cryptocurrency is not a valuable asset class. It has trillions of dollars invested into it and has outperformed every other asset class in existence.

Why Your Investing Mindset Matters

If you get too emotionally invested in the volatility of the market, you'll panic and make bad investment decisions. You must understand that cryptocurrency goes through seasons. You only lose money if you decide to sell. This goes for any investment that you make.

However, when you adopt a long-term mindset to investing in cryptocurrency you won't be phased by the fluctuations. When there's a dip in the market, you'll get excited. This is a great opportunity to buy more at a cheaper price.

Warren Buffett once said that it is smart for investors to be “fearful when others are greedy, and greedy when others are fearful.”

A common acronym in the crypto investing world is known as “HODL”, which stands for Hold On For Dear Life. This means that you should buy and hold some cryptocurrency for at least one year or more.

I plan on holding cryptocurrency for 5, 10, or even 20 years. I'm not concerned with what is happening in the short term and neither should you.

Also, it's important to only invest what you can afford to lose. The volatility of the market means crypto could crash one day. If you only invest what you can afford to lose you won't suffer a life-changing loss. The same is true with any investment.

I believe in diversification instead of investing all of your money into one asset class. The amount of money that you decide to invest in cryptocurrency will be based on your threshold for risk.

How To Get Started Investing In Cryptocurrency 

The most popular cryptocurrency is Bitcoin. It has over 1 trillion dollars of market cap. Etherium is the second most valuable cryptocurrency. If you're a beginner, these are the two coins that you want to start investing in and holding, long-term.

To get started buying Bitcoin and Ehterium you need an exchange. This is similar to an online bank account. It allows you to transfer your money, based on your currency, from your bank account to your cryptocurrency of choice.

There are many exchanges available. However, one of the most popular ones for beginners is Coinbase. Because Coinbase is a publically traded company, it is more regulated, which makes it safer.

Coinbase has a promotion happening right now where they will give you $12 in free Bitcoin when you buy or sell $125 or more in cryptocurrency. Take advantage of it!

Some other exchanges that I like are Nexo, Binance, Kraken, KuCoin, and Crypto.com. For security purposes, I don't like to hold all of my cryptocurrency in one exchange.

A great measure for protecting your cryptocurrency involves using two-factor authentication. You also want to make sure that you've got a great password that has numbers and characters in it that nobody can guess. If you take the necessary precautions you never have to worry about someone stealing your cryptocurrency.

When Is The Best Time To Invest In Cryptocurrency? 

You don't want to wait too long to invest in cryptocurrency because you may miss out on all the growth that you could have. We don't know when cryptocurrency will crash, if at all! However, at the same time, you don't want to put all of your money into cryptocurrency today. The solution to this is called dollar-cost averaging.

Instead of investing in a particular asset one time, with dollar-cost averaging you divide up the amount of money you’d like to invest and buy small quantities of the asset over time at regular intervals. This is what I've done with my cryptocurrency. As a result, I've been able to make a lot of money.

When Is The Best Time To Sell Cryptocurrency? 

A lot of people wait and hold their cryptocurrency until it becomes worth a lot more than what they originally invested in. In effect, they sell what their original investment was. If they lose that money, it's not a big concern because they already got their investment out.

This is how to invest in cryptocurrency for beginners.

There's a lot to learn about the world of cryptocurrency. I encourage you to do your research so that you understand how it works and how you can invest in it.

I hope you're able to benefit from my experience and what I've learned in the cryptocurrency space. The benefits and potential returns that you can receive from investing in cryptocurrency far outweigh the risk.

Here's to your investing success!

Do you want to know how I'm making passive income every day with Crypto Bots? CLICK HERE to learn my secrets! 

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The “Money Mindset” Of A Millionaire (MOTIVATION) https://projectlifemastery.com/the-money-mindset-of-a-millionaire/ https://projectlifemastery.com/the-money-mindset-of-a-millionaire/#respond Thu, 11 Nov 2021 16:00:16 +0000 https://projectlifemastery.com/?p=12352 When you master your money, you master your life. Want some tips on how to develop the money mindset of a millionaire? Click here for more!

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Are you ready to master your money mindset and take back control of your finances?

Let's face it, no one likes being in debt. However, it is a reality for many. Student loans, mortgages, and credit cards all serve to set you back financially.

If you want to get out of debt, you have to change your money mindset. Your success is determined, in large part, by your ability to effectively manage your money.

The key to getting ahead financially is getting started. If you're ready to change your financial situation, keep reading!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://stream.redcircle.com/episodes/384f53f2-b196-4192-9b1b-2e00805fcc63/stream.mp3″ background=”default” ]

Are you ready to build a million-dollar online business? CLICK HERE to take my FREE quiz to discover which online business model is best for you!

Financial stress can impact your mental health.

According to Forbes, individuals with high financial stress are twice as likely to report poor health overall and are four times more likely to complain of ailments. Despite this reality, people still fall into the trap of overspending on things that they don't need.

In short, they have bad spending habits. As a result, they end up falling into debt. It can be very challenging to get out of debt due to high-interest payments, which is why you want to avoid debt at all costs.

Credit cards and other unsecured loan debt tend to have interest rates higher. The average personal loan interest rate is 9.63%, while the average credit card has a 14.52% interest rate.

Money management has been the key to my success in life. However, I didn't always have good money habits. When I was in my early 20s, I was in a lot of debt. In fact, I racked up $15,000 in credit card debt.

I was living above my means and I had no idea where my money was going every month. It wasn't until I got real with myself and stopped avoiding the reality of my situation that I was able to take back control of my finances.

You can't be blind to your finances. Rather, you have to be hyperaware of your income and expenses. Track everything that you spend. Create a monthly budget and start reducing or eliminating any expenses that may cause you to overspend.

It's not the amount of money that you budget that matters.

Rather, it's the habit of budgeting that makes all the difference. There is no point in making more money if you cannot manage the money that you already have. By building the habit of money management now, you will be able to manage higher amounts of money in your future.

When it comes to budgeting, you can expect to have to make some sacrifices. I had to give up a lot of things that brought enjoyment to my life to get out of debt. I'm not going to say that it was easy, but the payoff was well worth it. I swapped short-term gratification for long-term wealth.

When I started my online business my first goal was to make $1 online. John Hayes was the first Internet marketer to make $1 million online in one day. He believed if you can make $1 online, you are 95% away from making $100,000 online.

The moment that you make $1, you get instant validation that whatever you're doing is working. This is what gives you the confidence to keep going and find ways to scale up. This is exactly what I did in my online business.

I've gone from being broke to becoming a multi-millionaire. 

Another great way to get ahead financially is to invest in yourself. You never lose by investing in your future self. In the words of Warren Buffett, “The more you learn, the more you will earn.” Attend seminars and events, read books, or find a mentor.

When you invest in your personal growth and development you learn skills that increase your value and potential to make more money. Over the years I have invested hundreds of thousands of dollars into myself. As a result, I've been able to build a 7-figure business doing what I love.

This is the money mindset of a millionaire.

No matter how bad your financial situation is right now, you have the power to take back control of your finances. When you change the relationship that you have with money, you start attracting more wealth into your life.

Financial success doesn't happen overnight. However, if you're committed to reaching your financial goals, there is no limit to what you can achieve. Are you ready to master your money mindset and build long-term wealth?

Are you ready to build a million-dollar online business? CLICK HERE to take my FREE quiz to discover which online business model is best for you!

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How I’m Investing In Blockchain (NFT & Crypto Infrastructure) https://projectlifemastery.com/how-im-investing-in-blockchain/ https://projectlifemastery.com/how-im-investing-in-blockchain/#respond Tue, 26 Oct 2021 15:00:38 +0000 https://projectlifemastery.com/?p=13506 This is how I'm investing in the infrastructure of crypto, NFTs, and blockchain. If you want to learn more about blockchain technology, click here!

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Do you have a desire to learn more about blockchain technology?

For those of you who don't know, blockchain is the underlying technology of cryptocurrency and NFTs.

In this blog, I talk about how I'm investing in the infrastructure of crypto, NFTs, and blockchain.

Please keep in mind that I am not suggesting that you should invest in these companies. I merely want to share what I'm investing in. If it benefits you, fantastic.

On that note, let's dive into the world of blockchain technology!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://stream.redcircle.com/episodes/1123da51-5f94-4263-b30b-80edb0c40e00/stream.mp3″ background=”default” ]

Are you ready to start managing your money so you have more to invest? CLICK HERE to get instant access to my FREE financial tracking video and spreadsheet!

I've made A LOT of money from cryptocurrency.

I buy and hold Bitcoin, Ethereum, and a variety of altcoins, long-term. I like cryptocurrency as an asset class, especially during this time of inflation. A lot of people are saying that Bitcoin and Ethereum are digital gold and silver. Moreover, it's the one asset class that has out-performed the S&P 500 and any other investment over the last ten years.

Currently, there are trillions of dollars invested in crypto. Whenever you can invest in the infrastructure of something, in this case, crypto, you know you're sitting on a great opportunity. Whenever I've benefitted from the growth of crypto, I've also looked at how I can get exposure to the infrastructure of crypto, like non-fungible tokens (NFTs).

Trying to explain what NFTs are can be confusing. I highly recommend that you watch this funny SNL skit where they attempt to explain them. I believe that NFTs will be a huge part of our future which is why I'm starting to invest my money in blockchain technology.

NFTs will allow you to authenticate and own the rights to a lot of digital and physical assets. Here are two ways that I've been getting exposure to the infrastructure of crypto, NFTs, and blockchain.

1. Coinbase Global Inc (COIN)

When Coinbase went public on the U.S. market I invested in it. Coinbase is the biggest exchange for buying, trading, and selling crypto.

When a company does an IPO and they go public it's usually overvalued at a much higher value than what they are worth. When this happens, I buy and hold a position in it. Coinbase has dropped down recently. I saw this as an opportunity to buy more stocks.

2. Immutable Holdings Inc. (HOLD.NE)

I learned about this Canadian company from Kevin O'Leary who is a well-known investor and a personality in the financial space. I've always liked to listen to what he has to say. He's a smart investor. If you watch Shark Tank you probably know him.

I came across a YouTube video where Kevin interviews the CEO of Immutable Holdings, Inc., Jordan Fried. Immutable Holdings, Inc. just went public in Canada on the NEO exchange. They invest in the infrastructure of crypto and NFTs. It owns NFT.com.

That's a really valuable asset. Essentially, this company is going to be building a platform where everybody buys and sells NFTs. In the video, there were a few things that Kevin O'Leary shared that resonated with me, which inevitably led me to invest in this company.

Watch the video above where I share my brokerage account and show you how much money I've made with these investments!

As I expressed above, Immutable Holdings, Inc. is currently only available on the NEO exchange in Canada. Most brokerage accounts, depending on where you live, allow you to get permission to buy on other exchanges. If you live in the U.S., you can buy in the Canadian exchanges.

There can be a hoop to jump through to buy an investment like this one. Thus far, I've invested $10,000 Canadian into this company. My total returns in the last few days have been 129%. Thus, I've made $13,000 so far.

This money is unrealized, meaning that I don't make it until I sell. However, I don't plan on selling. Rather, I plan to hold, long-term. I see this as a great long-term investment for me.

This is how I'm investing in some of the infrastructures of blockchain, crypto, and NFTs.

I believe that blockchain technology is the future. Nevertheless, when it comes to investing, you must do your research, understand your tolerance for risk and make investment decisions that best serve you. On that note, happy investing!

Are you ready to start managing your money so you have more to invest? CLICK HERE to get instant access to my FREE financial tracking video and spreadsheet!

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If I Could Only Buy 1 Stock, This Would Be It https://projectlifemastery.com/if-i-could-only-buy-1-stock/ https://projectlifemastery.com/if-i-could-only-buy-1-stock/#respond Tue, 29 Jun 2021 15:00:49 +0000 https://projectlifemastery.com/?p=13301 My investing experience has brought me to this conclusion... if I could buy 1 stock, this would be it. Curious what it is? Click here to find out!

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If I could only buy 1 stock, this would be it.

Before I tell you what my choice would be, did you know that there are roughly 3,600 stocks listed on U.S. exchanges?

Thus, choosing just 1 stock is not an easy decision to make. As a result, I'm going to give you two different responses.

Keep in mind that I am not an investment expert or a financial advisor. I merely want to share with you my investing knowledge and experience.

With that being said, keep reading to find out the 1 stock that I would buy!

Watch the video below:

(Click Here To Watch On YouTube)

[smart_track_player url=”https://stream.redcircle.com/episodes/0929e9f8-3685-45cd-9e70-e089c5cb3622/stream.mp3″ background=”default” ]

Are you ready to start trading stocks? CLICK HERE to get 2 FREE stocks (valued up to $1,600) on WeBull when you deposit $100!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

The best time to buy stocks is right now.

If you are ready to start investing in the stock market but you don't know the best stock to invest in, you've come to the right place. I've been investing in stocks for over a decade now.

I've learned A LOT along my investment journey. Today, I have a multi-million dollar investment portfolio. Whether you're a beginner or a seasoned investor, the information that I am going to share with you today will set you up for financial success. Let's dive in!

The ETF I'd Invest In

I think that investing in ETFs is the best investment that you can make, long-term. It's in alignment with my long-term investment philosophy. The best ETF stock that I would buy would be the Vanguard S&P 500 ETF (VOO).

This is an index fund that holds the top 500 companies in the United States. Vanguard is great because they have the lowest fees, compared to other ETFs. Historically, the S&p 500 has returned 9-10% every year.

The billionaire investor Warren Buffett suggests that the average investor should invest their money into the S&P 500 index fund.

He even instructed the trustee who will be in charge of his estate to invest 90% of his money into these assets for his wife when he dies. Warren Buffett plans on investing the remaining 10% in short-term government bonds. Even he knows the market will outperform any investor long-term!

Individual Stock Examples 

Picking one individual stock is more tricky because there are so many great companies.  There is a lot of speculation involved with individual stock picking. You don't know how individual stocks are going to perform, 10-50 years from now.

A lot of the tech companies that I like are relatively new. It's always risky to invest in a company long-term that doesn't have a lot of history. Nevertheless, here are a few of my favorites.

1. Amazon

Amazon dominates the online retail market. However, they also have Amazon Web Services, which is a huge contributor to their revenue. No company is quite like Amazon, which keeps its competition low.

Warren Buffett suggests that you invest in businesses that have a wide economic moat around them. A big moat that Amazon has is its Prime feature. When customers sign up for Amazon Prime, they get access to Amazon Prime Videos.

This means that Amazon is now competing with Netflix, HBO, and Disney. As part of a Prime membership, customers also get access to the Amazon Prime Music streaming service.

A company that can get into video streaming, music, and podcasts has a huge advantage that other companies can't compete with. Eventually, I think that Amazon isn't going to need shipping companies like FedEx and UPS. They can build their own delivery system.

On top of all of this, the global expansion of Amazon is insurmountable to any other company in the world. Even though big companies like Walmart have an online platform, they are only in the U.S.

I think that Amazon will continue to grow, long-term, in many different sectors.

Some people would argue that there is a risk involved with investing in Amazon because Jeff Bezos has stepped down as CEO. However, the Founders of Apple and Microsoft stepped down as well. When Steve Jobs stepped down from Apple and Tim Cook took over, they went on to become a trillion-dollar company. The same thing happened with Microsoft when Bill Gates stepped down.

2. Tesla 

Elon Musk is an incredible entrepreneur and innovator. I love that he is willing to take risks and get into different markets. His ideas are very progressive. I think Tesla has an amazing brand and a cool factor, similar to Apple.

Tesla is the leading EV manufacturer in the world. They have the best technology and their business is diversified. However, competition is coming.

For example, I was at a Jaguar dealership the other day. The CEO of Jaguar said that by 2025, they will switch everything to EV. It's only a matter of time before other automakers catch up. Thus, Tesla will have to continue to find ways to diversify.

The reason why Tesla is over-valued is that investors factor in the growth of the company years in advance. For example, the one challenge that Tesla has is its delivery service.

In fact, recently I was looking to buy the Tesla Model X in Vancouver. However, they don't have any in their inventory. They don't even have demo cars! If I want to order one, I have to wait until January or February to get it.

I'm looking at other vehicles now because I don't want to wait that long. Investors factor this in, which is why Tesla is priced the way it is right now. Once they get that sorted and keep up with the demand, their revenue will explode.

3. Apple 

Apple has an amazing balance sheet. During last year's holiday quarter, Apple reported all-time record revenue of $111 billion. These numbers prove that, as a company, they are well-positioned for growth and scale.

Warren Buffett has been quoted as saying that “Apple is probably the best business I know in the world.” However, Apple does have competition like Samsung and Android.

This is why I love Amazon over Apple — because it isn't as vulnerable to competition.

4. Shopify 

As someone who has an eCommerce business, I can say without a doubt that there isn't anyone close to competing with Shopify. If you are an eCommerce seller, Shopify is the best path that you can take.

However, Shopify isn't as diversified yet. I would have to wait to see if it diversified before I invested in, long-term. A company has to be able to pivot as changes occur in the market.

They have to have a Parthenon that has multiple pillars or parts of their business. When a Parthenon structure is in place, even if challenges arise and one pillar gets removed, the foundation of the business will remain strong.

If I could only buy 1 stock it would be the Vanguard S&P 500 ETF.

Choosing which stock to invest in can feel overwhelming, especially given the fact that there are so many options. That being said, I would go with a low-cost index fund and diversify your portfolio over time.

If you are ready to start investing, I encourage you to open up a brokerage account. Doing so will allow you to freely buy and sell stocks. Decide what your investment goals are, determine your level of risk, and just get started!

Are you ready to start trading stocks? CLICK HERE to get 2 FREE stocks (valued up to $1,600) on WeBull when you deposit $100!

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5 Things I Wish I Knew Before Investing In Stocks https://projectlifemastery.com/investing-in-stocks/ https://projectlifemastery.com/investing-in-stocks/#respond Thu, 10 Jun 2021 15:05:14 +0000 https://projectlifemastery.com/?p=13273 Want to know the 5 things that I wish I knew before investing in stocks? This is a great beginner's guide. Click here for more!

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This is what I wish I knew before investing in stocks.

I've been investing in stocks for 10 years. Several years before that I was investing in mutual funds.

I've had a successful investment journey and I've made a lot of money from the stock market.

However, I've also learned some painful lessons and lost money.

As a result, I've become a more experienced investor. I want to share these investing lessons with you so that you don't make the same mistakes that I made.

Keep reading to find out the 5 things I would have told my younger self about investing!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://stream.redcircle.com/episodes/fc60988f-6694-4a35-b43e-55caa61667b8/stream.mp3″ background=”default” ]

Are you ready to start trading stocks? CLICK HERE to get 2 FREE stocks (valued up to $1,600) on WeBull when you deposit $100!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

Investing is a smart way to grow your money.

You want to make your money work for you. However, sometimes it can be hard to know whether or not you've made the right investment move. Everyone has a different investing strategy.

How you decide to invest your money will depend upon your financial situation and your level of risk tolerance. Nevertheless, the lessons that I'm going to share with you will be invaluable as you move along your investment journey.

I hope my experiences help you become a more experienced investor so that you can achieve investment success. Here are the 5 things that I wish I knew before I started investing in stocks. Let's dive in!

1. Do your research 

One of the cardinal rules of investing is to always invest in what you know. Ten years ago I started generating a lot of cash flow in my business. I had a lot of money sitting around that wasn't making me money. Thus, I felt pressure to do something with it.

I didn't want to spend much time investing because my business was consuming a lot of my time. Instead, I decided to sign up for a newsletter which I paid for every month.

In this newsletter, experienced investors told me what to buy and what opportunities they saw in the market. Because I didn't think that I had time to do my research, I blindly trusted these investors. That was a mistake.

I still made money overall, but there were better investments that I could have made. In short, I didn't know when to sell my investments because I didn't have an investing strategy.

If I could it all over again, I would have invested most of my money in index funds, primarily large-cap companies. When you invest in index funds, you can invest in one stock that owns many different companies.

Thus, you get diversification from that. More importantly, you can be a passive investor. Index funds are the only investment that I can confidently say I will hold forever. They are based on a sector of the economy, which is something that always goes up, long-term.

2. Take the emotion out of investing 

In the short term, the market is shaped by human emotion. Emotion-driven investing is a recipe for disaster. When people are fearful, they end up making poor investment decisions.

Ideally, I try to avoid having any emotion associated with my investments in the short term. I now know that the market will go up and down.

Take it from Benjamin Graham, who is the author of the book The Intelligent Investor. He says, “In the short run, a market is a voting machine but in the long run, it is a weighing machine.”

People buy and sell based on what is popular and what is not. In the short term, a lot of companies may be inflated in value because it's a hot stock that everyone is talking about. However, long term, patience is key.

That's when the value of a company matters most. This is why I am a long-term investor. Check-in with yourself – do you freak out when you see that your stocks have dropped a certain percent, to the point that you want to sell?

Similarly, do you get overly ecstatic when your stocks go up? Be wary when you respond in these ways. Focus on the long-term. As long as the trend is going up, you're good.

3. Be Patient

Patience is a challenging skill to learn. However, as you gain more wisdom and experience as an investor, you will become more patient. Let's go back to the situation I described above where I had a lot of money sitting around.

I felt pressure to invest in something because my money wasn't doing anything for me. In the early stages of my investment journey, I forced myself to make investment decisions too quickly. In December of 2019, I published a video titled What I'm Doing To Prepare For The Next Recession.

I didn't know that there would be a stock market crash based on a pandemic. However, I did know that a recession would inevitably occur. At the time, I was learning about the cycle of the stock market.

Early on I wish I knew that every year there is a correction in the market where it drops up to 10%. Every ten years, there has always been a crash of 10% or more.

I'm a fan of Ray Dalio, one of the greatest investors of all time. He is the CEO of Bridgewater, which is one of the top Hedge fund companies in the world. He has a great video on YouTube titled How The Economic Machine Works that I recommend you watch. Inside that video, he talks about how we were due for a crash.

I view a market crash as an opportunity to buy the stocks of great companies at a discount. Thus, I had the patience to hold onto a lot of cash and wait for an opportunity to arise.

At the same time, I still wanted to put some of my money to work.

You don't want to sit and wait forever. You may miss out on some of the gains. However, I was holding the bulk of my money for when a crash occurred.

Sure enough, the stock market crash happened in March of 2020. I had one million dollars in cash that I was willing to invest, so I went on a shopping spree. I bought a lot of companies, including ETFs and individual stocks. These were large-cap companies that were on sale.

In the words of multi-millionaire investor Warren Buffett, “Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy, and greedy only when others are fearful …”

This quote speaks to the emotion-driven piece of investing that I spoke about above. When people are fearful, they end up selling their investments. This is an opportunity for you to be greedy.

I was greedy. As a result, my investments have paid off tenfold since the market recovered. This is a great example of what can happen when you're patient with the stock market.

4. Know when to sell, and be OK with taking a loss

When I first started investing I never wanted to sell anything. I didn't need to sell my investments because I didn't need the money. However, when you're an investor, I've learned that you only lose or make money when you sell.

If you invest in something and it goes down, you don't lose that money. It's only when you sell that stock that you experience a loss. The same thing happens when the money goes up.

Even though certain investments may recover over time, if you wait too long, you'll be missing out on other investment opportunities. Let's say that I put $20,000 into one stock but I lose $10,000. With that $10,000 you still have left you could wait, but you risk stagnation.

I've learned that it's OK to take a loss if you invest your money into something that will allow you to get your money back faster. Back to the example above, you could take your remaining $10,000 and put it into a better investment, like the S&P 500. It never feels good to lose money, but you have to look at the big picture of your investment portfolio.

5. Have fewer investments and a more simplified portfolio

A mistake that I've made in the past is investing in too many stocks at once, especially during the pandemic. The problem with having so many different stocks is that it's difficult to manage all of them.

To be a great investor, you have to pay attention to what is happening. There will be times where you might need to sell or pivot. The only way that you know when to do that is by being in touch with what is going on with the companies you've invested in.

AT&T is a good example of what happens when you aren't up to date with a company. Until recently, they've been known as a high dividend-paying stock. This stock is a staple for a lot of retirees because it's a great income investment.

Recently AT&T decided to change their business and they decided to cut their dividend. Thus, it's a lot less than it used to be. That's not good for people who depended on that money as retirees.

When it comes to simplifying your portfolio, start by evaluating what your long-term investment goals are. Once you know what that looks like, you can create an asset allocation. An asset allocation is an investment strategy where you distribute your investment portfolio among different asset classes.

These are the 5 things I wish I knew before investing in stocks.

I think that these are valuable lessons for any investor. However, everyone has a different investment journey. The lessons that you learn may be different from mine.

There will always be ups and downs in the stock market. Everyone loses money at some point. Don't let investment losses stop you from investing altogether. If you learn from your mistakes, you will make better judgments in the future.

On that note, happy investing!

Are you ready to start trading stocks? CLICK HERE to get 2 FREE stocks (valued up to $1,600) on WeBull when you deposit $100!

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4 Growth ETFs (Exchange Traded Funds) For Getting Rich https://projectlifemastery.com/4-growth-etfs-for-getting-rich/ https://projectlifemastery.com/4-growth-etfs-for-getting-rich/#respond Tue, 23 Mar 2021 15:01:52 +0000 https://projectlifemastery.com/?p=13139 ETF investing is a smart way to build retirement wealth. Want to know the 4 ETFs that I hold for the long-term that could make me rich? Click here for more!

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ETF investing is a smart way to build retirement wealth.

I have 4 growth ETFs for getting rich, and I want to share them with you.

Keep in mind that these are volatile investments. Thus, you would not want to put all of your money into them.

ETFs make up 5-10% of my investment portfolio. In the short-term, I know there will be a lot of volatility.

However, over the long-term, I like these investments. I believe that there is massive value in investing in them.

If you're ready to discover what their long-term growth potential is, keep reading!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://www.buzzsprout.com/9299/8200936-plm-854-4-growth-etfs-exchange-traded-funds-for-getting-rich.mp3″ background=”default” ]

Are you ready to start trading stocks? CLICK HERE to get 2 FREE stocks (valued up to $1,600) on WeBull when you deposit $100!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

ETF investing is an easy and affordable way to invest.

You can achieve long-term wealth with exchange-traded funds (ETFs). However, the top 4 growth ETFs that I am going to share with you today are high-risk and high-return. Thus, if you have a low-risk tolerance when it comes to investing, these types of funds might not be for you.

As a disclaimer, please know that I am not a registered investor, legal advisor, or broker. All of the investment advice that I give inside of this blog is based on the research I've done and the experiences I've had.

Before you make any investment decision, you must do your due diligence. With that being said, let's dive in!

1. Global X Autonomous & Electric Vehicles ETF (DRIV)

It's no secret that electric vehicles are a growing market. In particular, Tesla has performed incredibly well. This has been my top investment thus far because of their growth.

There are a lot of other upcoming electric vehicle companies that I want to invest in because I believe in the market, long-term. The net assets are $761 million, the yield is non-existent, but the expense ratio is higher at .68%.

With this ETF, you get exposure to top companies like Tesla, Plug Power Inc., NIO, Apple, and Microsoft to name a few.

2. Purpose Bitcoin ETF (BTCC-U.TO)

You can buy this ETF in Canadian or U.S. currency. For every dollar that you invest in this ETF, they give you $1 worth of Bitcoin. This ETF is currently available on the Toronto Stock Exchange. However, it's not yet approved for Bitcoin in the U.S.

Depending on what brokerage account you use, you may have to get approved to buy and trade this ETF outside of your country. I buy this ETF in U.S. currency.

Also, I buy Bitcoin and other cryptocurrencies on Coinbase. Unfortunately, a lot of crime happens with cryptocurrency, which is why I am more comfortable buying a Bitcoin ETF through my brokerage account.

More and more people are endorsing Bitcoin, but there's still speculation around the utility of it. I am bullish on Bitcoin.

For this reason, I always look at Bitcoin as my Vegas money. If I win, great! However, if I lose, I'm not that upset. Why? Because I knew that there was a risk of losing my money going into it.

3. Horizons Marijuana Life Sciences Index ETF (HMMJ-U.TO)

This ETF gives you exposure to the Cannabis market. Cannabis is an up-and-coming sector, but they still encounter a lot of hurdles. On top of that, the management of some of these companies is questionable.

Nonetheless, I'm bullish on Cannabis, long-term. It is legal in Canada, several states in the U.S., and parts of Europe. I believe that there will be increased acceptance and accessibility of Cannabis in other parts of the world in the future.

With this ETF, you're getting exposure to some of the biggest Cannabis companies in Canada and the U.S.

Keep in mind that while this ETF is traded on the Toronto Stock Exchange, you can also buy it in the US or Canadian currency. The net asset of this ETF is $392 million, the expense ratio is 0.75%, and the yield is 13%.

4. Horizons Psychedelic Stock Index ETF (PSYK.NE)

This ETF is investing in companies that are involved in psychedelic drugs. A lot of psychedelics are being used and studied for the treatment of mental health issues.

Psychedelics like ayahuasca, LSD, and medicinal mushrooms don't have the same addictive components that a lot of other drugs do because they don't elicit high dopamine responses.

Psychedelics have proven to have a lot of great benefits, some of which I've personally experienced. They alter peoples' consciousness, thereby giving them a meta-perspective to look at their struggles in a different way. I'm bullish on psychedelics.

I want to support the research that these companies are doing because I believe that it will be important in the future. Keep in mind that this ETF is only available in Canadian currency.

These top 4 growth ETFs have the potential to make you rich.

Yes, they are volatile and high risk, but I believe that they will have a high return in the future.

If you're a beginner investor and you want to deepen your understanding of the world of investing, I encourage you to check out these two YouTube videos that I published on my channel – How To Start Investing In Stocks and How To Open A Stock Brokerage Account.

The sooner that you put your money to work by investing it, the sooner that you can take advantage of the power of compounding. What is the next investment that you will make?

Are you ready to start trading stocks? CLICK HERE to get 2 FREE stocks (valued up to $1,600) on WeBull when you deposit $100!

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The 7 Best Vanguard Index Funds To Buy For Financial Freedom https://projectlifemastery.com/7-best-vanguard-index-funds/ https://projectlifemastery.com/7-best-vanguard-index-funds/#respond Tue, 16 Mar 2021 15:00:16 +0000 https://projectlifemastery.com/?p=13130 Investing in index funds is a smart way to achieve financial freedom. Want to know the 7 best Vanguard index funds to buy? Click here for more!

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If your goal is to achieve financial freedom, you should invest in Vanguard index funds.

Investing in index funds allows for diversification, which is why they are one of the smartest investment decisions that you can make.

When you buy shares of a Vanguard index fund, your money is invested in a diversified portfolio of assets that track an underlying market index.

Inside this blog, I share the 7 best Vanguard index funds that I invest in and hold myself. If you're ready to start growing your money, keep reading!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://www.buzzsprout.com/9299/8156996-plm-852-the-7-best-vanguard-index-funds-to-buy-for-financial-freedom.mp3″ background=”default” ]

Are you ready to start trading stocks? CLICK HERE to get 2 FREE stocks (valued up to $1,600) on WeBull when you deposit $100!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

Index funds offer a lowrisk way to invest your money.

For this reason alone, if you're a beginner investor, the best way to get started is through investing in index funds. Keep in mind that there is a time and place for buying individual companies.

Picking stocks requires a more advanced skillset. You have to be able to evaluate companies, look at balance sheets and assess where a specific company will be 5-to-20 years down the road. Not a lot of people can do that correctly or consistently. Index fund ETFs are a passive way of investing your money.

An ETF is an exchange-traded fund. It gives you the ability to buy one stock on the stock exchange and gives you exposure to many different companies. An index is like the S&P 500, which are the top 500 companies in the world. Investing in the S&P 500 gives you diversification across many different sectors.

The historical return of the S&P 500 is about 9-10% per year. That's a great investment. The difference between an ETF or an index fund like the S&P 500 is that it's just tracking an index.

On the other hand, a mutual fund will have an active mutual fund manager. Thus, there will be more expenses involved because a manager is trying to beat an S&P 500. Unfortunately, 96% of mutual fund managers fail at doing so.

This is why you're better off investing in an index fund ETF.

Because there is no active management involved with an ETF, there aren't any fees associated with it. That's why I love Vanguard products. They have the lowest fees.

Even though you may be tempted to invest in individual companies, I would encourage you to build a foundation of ETFs and index funds first. Over time, you can decide what percentage of your money you want to invest in individual stocks.

*** Disclaimer *** I'm not a financial planner or an advisor. I've just been investing for a long time. 

Please do your due diligence before you make any investment decision. On top of that, make sure that you understand the risks associated with the investments that you make. All of those factors will determine what you invest in and how much money you invest. I do my index funds research on Yahoo Finance.

Watch the video above where I share my computer screen and show you the 7 Vanguard ETFs that I invest in!

Of the 7 Vanguard index funds that I talk about below, keep in mind that you don't have to own all of them. Many of them are redundant, meaning that you will end up owning a lot of the same companies.

7 Best Vanguard Index Funds

1. Vanguard S&P 500 Index (VOO)

The S&P 500 has been performing well, especially since the market crashed back in March 2020. When you invest in this ETF you're getting exposure to fantastic companies like Apple, Microsoft, Tesla, Amazon, Google, Berkshire Hathaway Inc., and Johnson & Johnson to name a few.

There is rarely a dip in this ETF. However, whenever there is, I tend to buy more. That being said, I still do dollar-cost averaging, meaning that every month I put a certain amount of money into this ETF.

2. Vanguard Total Stock Market Index (VTI)

This ETF gives you exposure to the total U.S. stock market, not just large-cap stocks. It has over $1 trillion in net assets. The yield is 1.43% and the expense ratio is 0.03%. The holdings are redundant to VOO.

However, you're also getting exposure to a variety of other great companies that you wouldn't normally get exposure to. For this reason alone, I like to hold this fund. The Canadian version of this ETF is VFV.TO.

3. Vanguard Total World Market Index (VT)

With this ETF you're getting exposure to the entire world's economy. The yield is 1.66%, the expense ratio is o.o8%, and the net assets are $24 billion.

Sometimes when there are fewer net assets, there is less trading volume. Thus, it may be harder to liquidate this index fund at a certain price. However, keep in mind that you're buying these products for the long-term.

4. Vanguard High Dividend Yield Index ETF (VYM)

This ETF invests in companies that pay high dividend yields. Thus, they won't invest in high-growth companies, like Amazon or Tesla, that don't pay any dividends. The reason why high-growth companies do this is that they want to reinvest their profits back into their business to grow it.

Even though you may not be receiving dividends from those companies, you will make your money in capital appreciation over the long-term. I like to receive some dividends as well. By owning this ETF, I can get a higher yield and make more profit from it.

Keep in mind that the performance of dividend stocks isn't going to grow as much as the previous index funds will. They are paying out profits in the form of dividends.

This ETF has $40 billion in net assets. The expense ratio is o.o6% and the yield is 3.19%. That's a lot higher than the other two ETFs. Thus, you are going to get a higher dividend yield.

5. Vanguard Real Estate Index Fund ETF (VNQ)

This ETF owns REITs, which is a real estate investment trust, allowing you to get broad exposure to different types of real estate (commercial, shopping centers, office buildings, residential, etc.). This is a great long-term investment.

One thing that I don't like about real estate is the time it takes to buy and close on a property, on top of all the legal fees that are involved. Conversely, investing in REITs gives you the ability to buy and sell real estate on the same day.

I don't have to have a large sum of my money tied into one property. I love the flexibility that this ETF provides. It has $61 billion in net assets, the yield is 3.92%, and the expense ratio is 0.12%.

6. Vanguard Information Technology Index Fund ETF (VGT)

This is a great ETF for those of you who want to bet on tech, long-term. Tech has been performing incredibly well. Since the onset of the pandemic, big tech companies have been fueling a lot of growth.

This ETF is currently trading at $368 per share. That's something to keep in mind if you're thinking of investing in it. It has $46 billion in net assets, the yield is 0.83%, and the exposure ratio is 0.10%.

7. Vanguard Dividend Appreciation Index Fund ETF (VIG)

This ETF invests in companies that pay dividends, but also have a record of increasing their dividends over time. A lot of the companies are dividend aristocrats, which are the top 65 companies on the S&P 500. These companies have increased their dividends every single year for 25 consecutive years.

I love companies like this. Keep in mind that the growth of this ETF is not as high as the other ETFs, but you have to factor in the dividends that you will receive. The net assets of this ETF are $62 billion dollars, the yield is 1.67% and the expense ratio is 0.06%.

Some other ETFs that I suggest you research and buy into are Vanguard Energy Index Fund ETF (VDE)Vanguard Consumer Staples Index Fund ETF (VDC), and Vanguard Consumer Discretionary Index Fund ETF (VCR).

These are the 7 best Vanguard index funds.

If you're a beginner investor and your goal is to achieve financial freedom, investing in index funds is the way to go. These 7 index funds are a staple in my investment portfolio. I will never sell them.

Like I said above, you don't have to buy all of them. The ETFs that are best for you will depend on what you can afford. Happy investing!

Are you ready to start trading stocks? CLICK HERE to get 2 FREE stocks (valued up to $1,600) on WeBull when you deposit $100!

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Should You Buy Bitcoin? https://projectlifemastery.com/should-you-buy-bitcoin/ https://projectlifemastery.com/should-you-buy-bitcoin/#respond Tue, 29 Dec 2020 16:00:12 +0000 https://projectlifemastery.com/?p=12985 Buying and selling cryptocurrencies has become increasingly popular, especially Bitcoin. Curious if you should buy Bitcoin in 2022? Click here for more!

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Should you buy Bitcoin in 2022?

Inside this blog, I share my Bitcoin investment strategy and the mindset that I adopt when it comes to investing.

Bitcoin is a form of digital currency that has become one of the most popular cryptocurrencies in the world.

I've been an investor in Bitcoin and other cryptocurrencies for several years now.

While I'm not a Bitcoin expert, I do have some helpful tips for how you should invest in it.

If you have been questioning whether or not you should buy Bitcoin & other cryptocurrencies, you'll want to read this…

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://www.buzzsprout.com/9299/7088632-plm-834-should-you-buy-bitcoin-in-2021.mp3″ background=”default” ]

Are you ready to start investing in Bitcoin and create long-term, passive income? CLICK HERE to get $12 of Bitcoin FREE with Coinbase!

Note: To get the $12 free, you must use the link above and buy or sell $129 or more of cryptocurrency.

DISCLAIMER: Investing in Bitcoin or any cryptocurrencies are risky. As I've mentioned many times, I do NOT recommend investing money that you can't afford to lose. Nobody knows if Bitcoin will go up or down tomorrow – it's just speculation. That's why it's important not to invest a significant portion of your money into it. So if you do invest, I believe it's smart to start with smaller amounts.

Bitcoin could become the future of investing.

We live in a world where digital money transactions are becoming the norm. Over the last five years, Bitcoin users and transactions have averaged a growth rate of nearly 60% per year. However, when it comes to investing in cryptocurrency, Bitcoin is not my number one investment.

As an investor, I have a responsibility to make sure that I don't lose my money. I'm more of a conservative investor. I like to invest in great blue-chip companies and assets that I believe are going to be around for a long time. Cryptocurrencies are more volatile and risky because they aren't as established yet.

That being said, I'm bullish on cryptocurrencies, long-term. I believe that Bitcoin is going to be worth more in the future than it is currently worth today.

However, I also understand the risks associated with cryptocurrencies. It's a high-risk, high-reward investment. This is why I always make sure that I save my money. I have emergency fund money put aside if something bad happens and I can no longer work.

Also, I make sure that I invest in long-term assets. I have a diversified portfolio of assets that include real estate, blue-chip companies, stocks, ETFs, and index funds. I even hedge against the dollar using gold and other precious metals.

Less than 1% of my portfolio is made of up cryptocurrency. That is my approach. I am not willing to take on a greater level of risk. You have to decide what your risk tolerance and threshold are. 

Investing in cryptocurrency is money that I can afford to lose.

I call it my “Vegas money.” I know the risk going into it. Hence, I see it for what it is. Right now, I have an opportunity to be a part of the history that is Bitcoin. If it blows up in the next 5-10 years, I'll be happy that I got a piece of that history. At the same time, if it doesn't last, I'm okay.

I think that it's still going to be a while before Bitcoin takes off. Honestly, I wouldn't be surprised if there was another cryptocurrency crash. However, amidst a pandemic, the price of bitcoin has exploded nearly 150% this year and 15% in mid-November.

Now that I've seen the resurgence of Bitcoin, I'm more optimistic about its long-term value, as I'm sure others are as well. I think that everyone should buy some cryptocurrency. I buy Bitcoin using the platform, Coinbase. I store my Bitcoin money in the hardware wallet, Trezor.

I'm willing to invest a certain percentage of money into Bitcoin and I think you should as well! We don't know if it's going to go up or down. However, I think it has great utility in our world and will continue to increase in value.

Are you going to buy Bitcoin in 2022?

Buying and selling cryptocurrency is a great idea. However, it's critical that you know what your tolerance for risk is. If you're a beginner investor and you want to learn more about cryptocurrency, I've got a great YouTube playlist comprised of videos that focus solely on cryptocurrency and Bitcoin.

Building an investment portfolio is one of the best ways to create financial freedom. Start small with whatever money that you have and build it up over time. Your future will thank you for it.

Are you ready to start investing in Bitcoin and create long-term, passive income? CLICK HERE to get $12 of Bitcoin FREE with Coinbase!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

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Is This The PERFECT Lifestyle Business? https://projectlifemastery.com/stock-options-trading/ https://projectlifemastery.com/stock-options-trading/#respond Fri, 13 Nov 2020 22:26:54 +0000 https://projectlifemastery.com/?p=12805 Want to know why stock options trading is the perfect lifestyle business if you want to live your dream life? Click here for more!

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Is stock options trading the perfect lifestyle business?

I think we would all agree that the goal of making more money is so that we can build our dream lives. One of the best ways to do this is by investing your money wisely.

My good friend, Ryan Coisson, would attest to this. He is a successful serial entrepreneur, investor, and trader who teaches people how to create future-proof businesses.

If you want core principles and strategies for building a lifestyle business that gives you financial freedom, listen to Ryan!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://www.buzzsprout.com/9299/6435037-plm-824-stock-options-trading-how-to-make-money-with-stock-options.mp3″ background=”default” ]

Want to discover the PERFECT lifestyle business that can allow you to create financial freedom? CLICK HERE to join Ryan and me in the upcoming “PB Code” training!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

Ryan has mastered the perfect lifestyle business.

He has built multiple 7-figure online businesses that only take him a few hours per week to operate. He truly lives the laptop lifestyle, travels the world, and spends a lot of his time in nature. To many people, this way of life may feel like just a dream.

However, his story is proof that anything is possible. In our interview, Ryan breaks down what the perfect lifestyle business involves and talks about how stock options trading can allow you to create your dream life. Let's dive in!

Do you mind sharing with people what you believe to be the perfect lifestyle business?

I've been at this for a long time. I started in the business world when I was 18 years old. This was pre-SnapChat, pre-Facebook, pre-YouTube. The world was a lot different. Honestly, it was a lot more challenging to build a successful business back then. We didn't have as many opportunities available to us. Today, there are so many things that you can do and be.

In the early 2000s, being an influencer didn't even exist. When I got my start I was very introverted. I'm still quite the introvert. I prefer to be out in nature and do my own thing, versus being in the crowds. People were talking about writing a book, becoming a speaker, buying investment properties, building an online business.

All of it sounded incredibly daunting to me.

It felt like you needed to be a technological genius. Honestly, I didn't even know at the time how to type on a regular computer. I had to take a typing class in my senior year of high school so that I could learn how to do that. My ears started to perk up when I heard about the stock market.

At the time, I knew nothing about how it worked. All I knew is what I had seen in movies, like Trading Places with Eddie Murphy and Dan Ackroyd. As a young kid, I went to a private Lutheran school. We did a field trip to the Chicago Board of Exchange. Those were my real exposures to the stock market.

The foreign land of the stock market was intriguing to me, but I also knew that it could be challenging because I wasn't very knowledgeable in finance. I started to hear people talk about this tiny corner of the stock market related to stock options.

Immediately it piqued my interest.

The way it was explained was that you didn't need to have employees, have any overhead, or create anything from scratch. All you had to do is sit there and dial-up on a computer from the comfort of your home. All of these boxes started to get checked off in my brain. That business became the perfect business for me and what I wanted out of life.

What are stock options, and what is the strategy that you employ when it comes to trading? 

When you look at the stock market there are tons of different ways that you can do anything. There are a lot of Hedge Fund managers and corporate structures that are designed to sell you services or manage your money. A lot of people will tell you that they make the process sound confusing so that you think that you can't do it on your own.

They want that to be the case so that you hand over your money to them and they collect fees. There's nothing wrong with using a fund to have your money managed, depending on what you're doing. Not everyone is designed to manage their own money.

However, it is possible to do it on your own.

There is a series of great books written by market expert Jack D. Schwager. In his first book, Market Wizards, he interviews a variety of successful investors from different markets. All of these people have done a myriad of different things to make huge amounts of money in the stock market.

In his later book, Unknown Market Wizards, Jack talks about the best traders you've never even heard of before. These are people who are making hundreds of millions of dollars. When I started to figure out that stock options are something that you can use as an instrument to create leverage safely, I became very intrigued.

This is how stock options trading works. Say I was interested in buying Beckton-Dickson. This is a company that trades at $240 per share. If I wanted to buy 100 shares I've got to spend a fairly significant amount of money, roughly $24,000. Instead of buying those shares, if I think it's going to go up, I may buy a call option.

This gives me the right, but not the obligation, to buy those shares at a certain price. What's great is that you're going to pay far less money. Oftentimes, 5-10 percent, depending on the price of the stock and how much it moves.

When I'm buying an option, I don't ever want to exercise it.

All I'm doing is hoping that the premium goes up and that I re-sell it, just like somebody would hope a stock goes up, and then maybe they would sell it. With an option, everything becomes magnified. Maybe the stock would move a dollar. If the stock is $240, you're making the tiniest of percentage. However, your option, if the stock moves a dollar, might go up 10%.

There have been instances where every penny a stock moved, I would make hundreds of dollars. However, it wasn't because I owned all of these shares. Rather, it's how my options were working. You can start with small amounts of money and generate some real significant ROIs. That being said, a word of caution.

Options can be risky because they eventually expire. You choose the end date. Oftentimes, the layperson lets their options expire. I have never let an option expire because I have a rule. Again, keep in mind that I've been doing this for over 20 years. By creating this rule of always getting out 30 days before the expiration, I don't ever have to worry. Hence, I dramatically reduce the risk.

How much money and time do you need to start trading options, and how much money can you expect to make? 

Before I get into that, I would like to preface this. In one corner we have our business, vocation, or job that generates a paycheck or profit. No matter what, a portion of that money should always be invested in the long-term. At the end of the day, that's how you become wealthy.

With short-term investing, the same thing holds true.

When we look at how much money you need to get started, it will be different from one person to another. Even people who come to me that have millions of dollars in the bank, the most I ever tell them to start trading is $10,000. I want them to get their feet wet before they start throwing money around and make some crazy mistakes. You have to know how to walk before you can run.

When I got started, I was still in high school. I was working at Dairy Queen and teaching swimming lessons. It took me over one month to put together $1,000 dollars. One of the great things about trading options is that you don't need that much money to get started. Because you're not buying the outright stock, you're buying an option on it, you can get started for quite a bit less.

I was doing trades at $300-400 dollars at a time.

Fortunately, I took to it like a fish to water. Within my first 90 days, I tripled my money. I made $3,000. I used that money to grow my business. Today, I only spend 5 hours per week managing my trading business. I generate a pretty amazing ROI on the money that I have in my trading account, while still having plenty of time to do the other things that I want to do.

Can you share more about your course, The PB Code? Why did you create it, and what can people expect to learn when they show up for your free training?

I believe that we can all easily understand the stock market. It's merely a story. We all know stories. We heard them growing up. I started to think about how I could teach someone who knew nothing about the stock market how to not only understand it but also make a profit from it. With options trading, it was through understanding three primary stories. The cool thing about these stories is that they stand the test of time.

They are the same stories that I've been studying and using to profit since the early 2000s.

I've helped many people do the same. What's fascinating is that someone can use just one of the stories and a handful of companies, like Apple or Google, and be able to trade those companies for years to come. Once you understand how the story works and when to enter and exit the scene of the story, the pieces start to come together.

That's what I'm going to show people in my upcoming training class. I'm going to give them some incredibly transparent and real-life examples of my successes and my failures so that they can learn from both sides of the coin. As a trader, you don't have to win every trade. I focus on maximizing my winners and minimizing my losers.

Someone who doesn't have a trading plan or a process in place ends up doing the reverse. They cut their winners short because they are afraid to lose their profit and they always hope their losers will turn around. In the training class, I will walk people through the exact rules and principles that I follow that have enabled me to not only trade for as long as I have but to continue to do it successfully.

Stock options trading is the perfect lifestyle business.

If you have the desire to build a lifestyle business that affords you the ability to work less and live life every day on your terms, I highly encourage you to consider getting into the world of stock options trading. If you're serious about learning more about investing and trading, join us at our upcoming training. This is an opportunity that you don't want to miss!

Want to discover the PERFECT lifestyle business that can allow you to create financial freedom? CLICK HERE to join Ryan and me in the upcoming “PB Code” training!

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