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! 

Are you curious how Tatiana James built a multi-million dollar stock investment portfolio in only a few years?

I interviewed Tatiana on my YouTube channel about how she got started investing.

Investing is one of the most powerful ways to build long-term wealth. I believe that anyone can build a multi-million dollar portfolio, but there are no shortcuts to doing so.

Tatiana adopted a long-term investing strategy and mindset. As a result, she has been able to grow her stock investment portfolio faster.

If you're a beginner investor and you're ready to start building financial security, read about Tatiana's inspiring investing story!

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://stream.redcircle.com/episodes/13ca1732-611e-4756-9db4-6e5c3eb78ca3/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!

Should you start investing during the pandemic? 

Tatiana and I get asked this question a lot. If you have an emergency fund and you have set long-term financial goals for your future, now is a great time to start investing your money. The sooner that you start investing, the sooner you can achieve financial freedom. It's that simple.

If you've been thinking for a while that you want to grow your savings but you don't know how to go about doing it, you'll want to listen to Tatiana. Here is a sneak peek of some of the questions that I asked her in our interview together. Let's dive in!

Can you share how you got started with investing?

I had money set aside from my business that was not doing anything for me. In short, I wanted to make my money work for me because I know that's how you accumulate massive wealth. You want to use the money that you earn to make more money.

Before I started investing it was important to me that I studied the habits of the wealthiest people in the world. The common denominator amongst all of them was that they were investors. I read as many investing books as I could and watched YouTube videos on investing. Doing so helped me learn the basic principles of investing.

The more I learned, the more I realized that there was so much more to learn!

This reality made me feel even more intimidated. However, I quickly snapped out of this thinking trap and reminded myself that time is money. When I got started I understood that investing would be a life-long journey of learning.

I opened up a brokerage account and sent a lump sum of money there. From that point, I had to decide how I was going to invest that money. As a younger person, I know that I can make riskier decisions with my investments because I have time on my side.

I decided to start investing in index funds. With index funds, I was able to invest in a whole fund of companies and diversify my money. One of the first investments that I made was in the Vanguard S&P 500 (VOO). I like this index fund because it is comprised of the top 500 companies in the U.S.

The money that I invest into this index fund is spread out amongst all 500 companies. This is a smart way of mitigating your risk. I also decided to invest in individual stocks, like Shopify and Tesla.

In terms of the investments that you've made over the last few years, what were some of the best ones?

The S&P 500 was a great investment to make. I make good dividends from that. However, the dividend-paying stocks are my favorite. This is truly passive income.

Every month I'm making thousands of dollars in passive income.

The money that I make from those dividends is set up on a drip so that I'm reinvesting back into those stocks. This ensures that my money continues to grow. In my investment portfolio, my highest returns have been from Tesla and Shopify. That's because I invested a lot of money into those stocks when we experienced the stock market crash back in March.

What is your investing strategy?

I used to check the markets daily but I've been slacking as of late because the markets are so high. For now, I am holding onto cash. I'm expecting that the market is going to drop at some point because a lot of companies are overvalued.

What are some companies that you invest in?

I invest in Amazon. Not only did I get to benefit from building a business on Amazon, but I also get to take part in their growth by investing in the company itself. Netflix, Google, and Alibaba have also been great investments.

I like to invest in banks, especially Canadian banks, as they pay out dividends, as well as waste management companies. If there is an economic collapse, I know that these kinds of companies will be stable, long-term.

What are your thoughts about cryptocurrency and investing in Bitcoin?

I started investing in cryptocurrencies back in 2018. Recently there has been a surge in the price of Bitcoin. This is why I've been investing more money into growth ETFs, like the Purpose Bitcoin ETF (BTCC-U.TO). Also, I recently started investing in Coinbase.

I don't invest a huge percentage of my portfolio in Bitcoin.

This is money that I am okay with losing. However, I also know that investing in Bitcoin could make me a fortune. Either way. I'm comfortable with the risk.

This is how Tatiana James built a multi-million dollar stock investment portfolio!

If you want to learn more about Tatiana and her work, I encourage you to subscribe to her YouTube channel and follow her on Instagram.

Everyone that we know who is now an avid investor says that they wish they started investing sooner.

Regardless of how much money you have to invest, the key to making money with investing is to adopt a long-term strategy. In the words of the billionaire investor Warren Buffett, “If you aren't thinking about owning a stock for 10 years, don't even think about owning it for 10 minutes.”

What will your first investment be?

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!

I want to give you my most up-to-date strategy on how I invest my money.

In particular, I'm going to share with you how I've been investing thus far in the stock market, and what I plan on doing moving forward.

In addition, I'm also going to talk about what I'm doing with the cash that I already have.

While we cannot predict what will happen to the stock market, we can make moves to take control of the money that we already have and make it work for us.

If you're ready to invest in your financial future, you'll want to keep reading…

Watch the video below:

(Click here to watch on YouTube)

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Are you ready to open a stock brokerage account? CLICK HERE to get 3 FREE stocks 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!

Should you be investing amidst the Coronavirus pandemic?

This is a great time to build your investment portfolio. I've been taking advantage of the volatility in the stock market due to the COVID-19 outbreak. In the investment world, the word, ‘volatility' is used a lot.

It acts as a barometer of financial risk or uncertainty surrounding investments in financial assets.  If you strategically diversify your investments, volatility can play to your advantage and help you build a successful portfolio over the long-term. A huge part of being a smart investor is knowing what your tolerance for risk is.

If you're a beginner to the investing world, I want to show you what is possible and how you can grow your money the smart way. First and foremost, let's talk about cash flow. I have an online business that provides me with a lot of cash flow which is great. It allows me to have a lot of cash that I can hold and deploy over time into the stock market.

I like to spread that money out over time. When it comes to cash, I buy bond ETFs on the stock exchanges. These are fixed-income investments, meaning that they don't go up and down that much.

I like to buy U.S. government and corporate bonds because they are the safest.

My main purpose for buying and owning bonds is that I can get some money back from my investments. There are also junk bonds, which I stay away from. These are companies that have more debt or uncertainty. Hence, they aren't as secure.

I am a long-term investor, meaning that I make conservative investment decisions. I'm patient when it comes to taking advantage of buying opportunities. For me, this is usually during a dip in the market. When companies dip, I go in and buy stocks at a cheaper price.

When it comes to my investment strategy, I focus on exchange-traded funds (ETFs). ETFs are a basket of great, blue-chip companies that help to broaden my diversification. Indexing is more passive investing, meaning that you don't have to actively manage your portfolio. I build those stocks up the most because they are the ones that I want to hold, long-term.

Below is a list of the safest stocks that I currently buy that provide dividends for me.

• iShares 1-3 Year Treasury Bond ETF (SHY)
• Vanguard Total Bond Market Index Fund ETF Shares (BND)
• iShares Core U.S. Aggregate Bond ETF (AGG)
• iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD)
• Vanguard Canadian Short-Term Bond Index ETF (VSB.TO)
• Vanguard Canadian Aggregate Bond Index ETF (VAB.TO)
• Vanguard S&P 500 ETF (VOO)
• Vanguard Real Estate Index Fund ETF Shares (VNQ)
• Vanguard Dividend Appreciation Index Fund ETF Shares (VIG)
• Vanguard High Dividend Yield Index Fund ETF Shares (VYM)
• Vanguard Energy Index Fund ETF Shares (VDE)
• Bitcoin USD (BTC-USD)

Watch the video above where I do a screen share of my computer and talk about each bond in greater detail!

When it comes to buying individual companies, I like to buy a variety of different stocks. However, I only do this once I've built up the ETFs. Some of the individual stocks that I like are in the tech sector, some of which include Apple, Amazon, Google, Facebook, Microsoft, Shopify, & Tesla.

I also invest in SalesForce, Oracle, IBM, and Intel. These four companies were hit harder and have dipped, which is why I got in early and bought more of those stocks. I've benefitted massively from the growth of all of these companies.

I invest in financial stocks as well, in particular the big banks in Canada and the U.S. When it comes to dividend-paying stocks, my brokerage account is on a drip, which is a dividend reinvestment plan.

Every dividend that gets paid out repurchases shares of that company so that I can accumulate more shares. In turn, this increases the dividends. Over time, that money compounds.

I'm a big fan of investing in real estate, but I don't buy a lot of these stocks right now.

One of the greatest benefits of buying real estate is being able to borrow money from the bank, especially when interest rates are low. You can leverage the bank's money to buy some great properties and have those grow and appreciate over time.

However, keep in mind that investing in real estate is a longer-term investment. If you are just trying to buy and sell in one year you won't make much money. There are a lot of fees and expenses involved in closing a real estate deal.

When it comes to cryptocurrency, I own some Bitcoin Cash, Etherium, and Litecoin. However, I haven't bought any as of late. I believe that there are better investment opportunities available. The money that I invest in cryptocurrency is money that I'm not afraid to lose. I call it my vegas money.

INVESTING RESOURCES FOR BEGINNERS:

• Investing Advice For Beginners
• My $3.5 Million Stock Investment Portfolio
• How To Buy Stocks For Beginners (Watch Me Invest $10,000)
• How I’m Investing In Stocks Amid The Coronavirus Panic: The Stock Market Is Crashing!
• Yahoo Finance

This is how I invest my money, and how you can do it too!

One of the best ways to achieve financial freedom is through investing. If you're a beginner investor, do your due diligence, know your tolerance for risk, and be smart with your money. When you adopt a long-term investing mindset, there is no limit to how much wealth you can accumulate.

Are you ready to open a stock brokerage account and make your money accumulate? CLICK HERE to get 3 FREE stocks on WeBull when you deposit $100!

Does it feel like choosing the right brokerage account is a difficult process?

I'm going to show you the easy way to open a stock brokerage account so that you can freely buy and sell stocks.

The information that I share with you will be geared towards those who live with in the U.S. However, I do understand that some of you live internationally.

The good news is that there are a lot of stock brokerage accounts in the U.S. that allow international brokers to set up accounts with them, like the one I'm about to show you.

If you want to know the best stock brokerage options that will set you up to win, keep reading!

Watch the video below:

(Click here to watch on YouTube)

Are you ready to open a stock brokerage account? CLICK HERE to get 3 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!

This is your step-by-step guide to opening a stock brokerage account.

If you're a beginner investor, you may be wondering whether or not it's the best time to invest in the stock market. The Coronavirus pandemic has resulted in a global recession. This has created a lot of panic amongst investors. Whenever there is a dip in the market, people tend to sell their stocks out of fear.

This presents a golden opportunity to invest in stocks, by buying high-quality stocks and getting the benefits of low prices. In the words of Warren Buffett, “Be fearful when others are greedy, be greedy when others are fearful”. This is the investment approach that I take.

Now that you know it's a good time to invest in the stock market, let's talk about what a stock brokerage account is and how it works. A stock brokerage account is a specialized financial account that lets you buy and sell different types of investments. While all accounts serve the same purpose, there are some things that you need to be aware of when deciding which one is best for you.

Here are 11 factors that you should consider when choosing a stock brokerage account.

1. Government Regulation

Firstly, make sure that the stock brokerage account you choose is regulated by the government. In the U.S. you need to register the account with the Securities and Exchange Commission (SEC). I also recommend that you ensure the account with the Securities Investor Protection Corporation (SIPC). This way, if anything happens to the stock brokerage company, your money will still be protected.

2. Investment Goals

Secondly, figure out what your investment goals are. Do you want to invest to plan for your retirement? Are you investing and holding over the long-term? Are you day trading? Do you want to trade options, futures, foreign exchange, or cryptocurrency? There are many different types of investments.

Some brokerage accounts may be more beneficial than others, based on what you want to achieve. Don't wait too long to decide what your investment goals are, as this will create complications down the road concerning the investment decisions you make.

3. Commission and Fees

Most accounts have zero commission so you don't have to pay anything for buying or selling a stock. However, there are some accounts that have fees. One of them is called Interactive Brokers. I pay a fee ($1) for every trade that I make. It's not a lot of money, but it can add up over time.

You may be wondering, “How do these brokerage accounts make money?” The backend. Oftentimes, a brokerage account acts as a bank. Brokers make a lot of their revenue by investing or loaning out money to clients. In fact, some brokerage accounts act as a savings account. You can make interest on the cash that you invest in an account.

4. Paper Trading 

You want to determine whether or not a stock brokerage account allows paper trading. This gives you an opportunity to practice buying and selling stocks with imaginary money before using real money. Most accounts allow this, but this is something that you want to look into.

5. Minimum Investment

Explore what the minimum investment is to open a brokerage account. For most accounts, the investment is zero. However, there are a few that require a minimum investment fee, like M1 Finance.

6. Research Capabilities

Each stock brokerage account provides a different level of research. As an investor, you want to research companies before you invest in them because some are better than others. I go to Yahoo Finance to do my research on brokerage companies.

7. Fractional Share Option

Some accounts, like M1 Finance, allow you to buy fractional shares. This means that you can buy a fraction of a share, rather than the full price of a share of a company. For example, Amazon is currently trading at over $3,000. A lot of people don't have that kind of money to invest. Having 30% of your portfolio in one stock is risky and may result in anti-diversification.

8. Foreign Trading

Trading internationally opens up a world of investment opportunities. Leveraging a variety of different currencies puts you in a great position to diversify your portfolio. I hold both U.S. and Canadian currency. I trade on the U.S. markets and exchanges, as well as those in Canada which I highly recommend.

Keep in mind that I've been investing for a long time now. Start small, but know that this is an option down the road.

9. Margin trading

Some brokerage accounts allow you to open up a margin account. This means that you can borrow money and take out a loan from the account. You do have to pay that money back and there is an interest rate on that. If you're a beginner, I wouldn't recommend doing margin trading because it's risky. However, if you're a more advanced investor, this is a great option.

10. User Experience

Every brokerage account has a different user interface. Your experience of an account will be determined by the overall layout of a platform. Some platforms are more advanced, like Interactive Brokers. This platform can be intimidating and hard to understand, especially if you're new to the world of investing. To be honest, it's not the most user-friendly platform.

If you're a beginner, I encourage you to start with a simpler platform, one that has zero fees and commissions. WeBull is a great beginner-friendly platform. Keep in mind that if you want to move to a different account over time, you can transfer all your positions over. There is a fee for doing this, but it's possible.

11. Customer Support

The biggest platform accounts, like Fidelity, TD Ameritrade, and Charles Schwab have great customer support. It all depends on what your preference is. If you want someone to hold your hand through the process, you definitely want to take advantage of customer support.

Watch the video above where I do a screen share and walk you through a step-by-step process of how to open a stock brokerage account using WeBull!

BEST STOCK BROKERAGE ACCOUNTS:

• WeBull is a commission-free stock trading app that is offering 3 FREE STOCKS for new signups
• Robinhood
• Vanguard
• Interactive Brokers (U.S. and non-U.S. residents)
• Invest for FREE with M1 Finance
• TD Ameritrade
• Charles Schwab
• Fidelity
• ETrade

INVESTING RESOURCES FOR BEGINNERS:

• How To Buy Stocks For Beginners
• Investing Advice For Beginners
• My $3.5 Million Stock Investment Portfolio
• Yahoo Finance

This is how to open a stock brokerage account!

If you're interested in learning more about how to invest in stocks, I encourage you to check out my Money and Investing Mastery playlist on YouTube. Inside my videos, I talk in-depth about how the stock market works and how you can diversify your income. Investing is the best way to grow your wealth over the long-term and secure your financial future.

Are you ready to open a stock brokerage account? CLICK HERE to get 3 FREE stocks (valued up to $1,600) on WeBull when you deposit $100!

If you're a beginner investor, Tatiana and I have the best stock investing advice for you.

I believe that investing in the stock market is one of the best ways to gain investment experience.

However, it's important that you invest your money wisely so that you don't make bad investment decisions.

I've been investing for many years now. I've built a $3.5 million dollar investment portfolio personally. If you want to know how to get started investing so that you can secure your financial future, keep reading!

Watch the video below:

(Click here to watch on YouTube)

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Do you want to know how to invest your money wisely? CLICK HERE to join my Life Mastery Accelerator program where I teach you how to build a beginner stock investment portfolio!

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 long-term game.

I am a long-term investor, meaning that I make conservative investment decisions. I believe that anyone can build a multi-million dollar portfolio if they adopt a long-term approach to investing. The earlier you start investing, the sooner you can create financial freedom.

My fiancée Tatiana has been investing for a few years now as well. She wanted to pick my brain about investing for beginners and share that knowledge with her audience on her YouTube channel. If you have the desire to build an investment portfolio, I hope that my stock investing advice will help you get started. Below are the questions she asked me and my answers. Let's dive in!

At what point should people start to consider seriously investing?

I'm not an expert investor or a financial advisor but I will share my investing experiences. There is still a lot that I don't know or understand. I would call myself an intermediate investor. It's important that you understand the risks involved with investing. At the end of the day, you're responsible for your investment decisions.

First, you need to know what your goals are with regards to investing. Are you investing for your retirement? If that's your goal, you will have a different strategy and mindset behind your investment decisions, versus if you're investing for the short-term.

Second, you need to know what your threshold for risk is. Are you more conservative with your money or are you someone who is younger and willing to take more risks? This will determine what kind of investment vehicle you will pursue, whether that's real estate, stocks, or bonds. You also want to make sure that you have money put aside to invest, otherwise known as a cash reserve.

When it comes to investing, don't invest your life savings.

That's not intelligent. The worst position to be in is when you need money to pay your rent or mortgage and you have to sell your investments to get that money. This is why I recommend saving 3-6 months' worth of your monthly expenses. This is money that you never touch or invest in.

I make my money primarily through my business, which provides me with cash flow to support myself and invest over the long-term. If you're an eCommerce entrepreneur, you don't want all of your money to be in your business. This is a big mistake that people make.

Yes, you want to reinvest money back into your business, but you also want to pay yourself. I don't worry when the market drops. There is always a correction in the market, where it drops to 10-20%. This provides an excellent opportunity to buy more stocks at a cheaper price. When you're a long-term investor, you don't worry about a correction.

What are the different types of investments?

First, there is real estate. You can't ever go wrong with investing in real estate. Over the long-term, any land will always appreciate in value. However, more of your money will be tied up in one or more properties. Hence, it's a lot harder to liquidate that.

On the other hand, you can buy stocks. These are any public companies that are listed on the stock exchange. All of their financials are public information. Thus, you can look at their balance sheets and see what their profits are before you invest in them.

You don't have to be a genius to invest in stocks.

Rather, you can just invest in a Jeff Bezos or an Elon Musk. What I love about investing in stocks is that I can diversify a lot easier than I can with real estate. I can own a variety of companies across many different sectors, whether that's technology, consumer goods, retail or financial companies.

Beyond stocks and real estate, there are government, corporate, and junk bonds. Government bonds are known as fixed-income investments. They are not as risky as buying individual stocks. Junk bonds are similar to startup companies. There is a higher risk associated with them, but you can make more money from them.

Index funds are similar to mutual funds, but they are not actively managed. Rather, they're more of a passive investment. The S&P 500 consists of the top 500 companies in the U.S. You can buy individual stocks, but there's more risk involved. This is why people invest in index funds.

You can buy one stock that owns the top 500 companies in the U.S. Thus if one of those companies suffers, your investment will be fine because you will still own a broad array of industries. I love Vanguard, which is a type of ETF, or exchange-traded fund. They have the lowest fees.

STOCK BROKERAGE ACCOUNTS I RECOMMEND:

• WeBull is a commission-free stock trading app that is offering 3 FREE STOCKS when you deposit $100
• Invest for FREE With M1 Finance
• Interactive Brokers (US and non-US residents)

Now is the best time to buy stocks.

The Coronavirus outbreak has caused a lot of fears amongst investors.

Last week, both the S&P 500 and Dow Jones Industrials fell 10%. This was the worst day for stocks in more than 32 years.

However, from a historical perspective, a decline in the stock market is usually an ideal investment opportunity.

If you want to know how to invest and buy stocks during this difficult economic time, keep reading.

Watch the video below:

(Click here to watch on YouTube)

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 market crash has created a stock-buying opportunity.

Before I dive into this blog, it's important that you know that I'm not a financial advisor. Whatever I buy or trade is based on my opinion and experience as an investor. Hence, it doesn't make it right or wrong. At the end of the day, you have to do your own research and due diligence. Don't buy something just because I tell you to do so.

Also, it's very important that you understand the risks that are involved in investing. Always remember that you are responsible for your own money and investment decisions. I love investing in stocks because I can diversify amongst many different sectors, industries and companies. I can even invest in bonds and real estate. This helps mitigate my risk.

Thus, I don't have to put all of my eggs in one basket. Furthermore, if I wanted to, I can liquidate my stocks very easily. All I need to do is log into a brokerage account or an app on my phone.

When it comes to investing, I'm not trying to get-rich-quick. I'm a long-term investor, meaning that I like to buy great companies and hold them over the long-term. A lot of people like to day trade, but this isn't how I invest. Stocks can be pretty volatile in the short-term. If you are a beginner investor, I don't recommend adopting this investment strategy.

I make my money through 7 online businesses models. In turn, I am in control of how much money I want to make. The more money that I put into it, the more that I get out of it. I take the money that I make from my businesses and I invest it. With that being said, the number one goal that I have when it comes to investing is to not lose money. This is why I'm a conservative investor.

I don't buy anything that is too high risk.

I'm not investing in penny stocks or anything that is too volatile. Rather, I'm investing in companies that I believe will be around for the next 5 to 40 years. You only lose money in the stock market when you sell. However, if you hold, it's highly likely that your investments will recover, rebound and go up.

The first thing that you need is a brokerage account. This is like an online bank account. You can transfer money from your bank account to an online brokerage account and buy and sell stocks through it.  A brokerage account takes a commission on every trade that you make.

However, there are some accounts that have zero fees. I've provided links to some of these account examples below. For the most part, most of the brokerage accounts do the same thing. They all show you the stock name and exchange, symbol, price, chart, and market data.

Oftentimes, you can customize your brokerage account dashboard. For example, you can add more metrics or data to evaluate a certain company. When it comes to deciding which brokerage account to choose, the best strategy is to do your research and find one that is based in the country where you live.

If you're a beginner to investing, I recommend that you get experience buying and selling stocks without using your real money. This is something that I did. It's called paper trading. A paper trade is simulated trading which allows investors to practice buying and selling securities without risking real money. The best advice that I can give you is to familiarize yourself with trading before you start investing real money.

Watch the video above for a sneak peek inside my brokerage account where I show you how to buy stocks. Also, you will be able to watch me invest $10,000!

STOCK BROKERAGE ACCOUNTS I RECOMMEND:

• WeBull is a commission-free stock trading app that is offering 3 FREE STOCKS when you deposit $100
• First Trade (International Brokerage Account)
• Interactive Brokers (U.S. and non-U.S. residents)
• Invest for FREE with M1 Finance

INVESTING RESOURCES FOR BEGINNERS:

• How I’m Investing Amid Coronavirus Panic
• Investing Advice For Beginners
• My $3.5 Million Stock Investment Portfolio
• Yahoo Finance
• Money: Master The Game
• Unshakeable
• Life Mastery Accelerator

This is how to buy stocks while the stock market is in a Bear market.

A lot of people are selling stocks right now in light of the market's downturn. If you have a long-term investment mentality, this is a great time to buy stocks. Even though we are in a bear market, there are still good investments to be had. Don't forget that there is no perfect brokerage account. Pick one, get started and remember that investing is a journey. You will learn as you go.

Which stocks will you buy?

I want to share with you the key to financial freedom. This is what Robert Kiyosaki taught me about getting rich, so it’s worth paying attention to!

Robert Kiyosaki is the author of the best-selling book, Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!, which teaches people how to create a financial freedom mindset.

Society has conditioned us to believe that if we go to university and get a good job, we will achieve financial security. In today’s world, this is far from true. More and more people are coming to realize that if they want to experience financial security, they need to rely on themselves.

Robert Kiyosaki’s Cashflow Quadrant model has changed the way that I think about financial wealth and abundance in my life. He sheds light on how poor people think versus how rich people think. One mode of thinking results in a life of scarcity, while the other results in a life of abundance.

In the words of Robert Kiyosaki himself, “The benefit of living in a free society is that we all have the choice to be rich, poor, or middle class. The decision is up to you.” Are you ready to take control of your financial future?

Watch the video below:

(Click here to watch on YouTube)

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Do you want to learn the 7 online business models that have made me an Internet millionaire in less than 3 years? CLICK HERE to receive instant access to my free course!

The Cashflow Quadrant is comprised of four different types of people who make up the business world:

E – Employee

Most people start out in life as an employee. When you are an employee you are working for someone else, and you are trading your time for money. Robert Kiyosaki refers to this as the ‘poor mentality.'

The challenge with this lifestyle is that you lack freedom and aren’t able to create financial wealth and abundance. The core value of an employee is that of security.

These types of people shy away from anything that creates risk to their financial stability. In my opinion, there is a big risk in being dependent on someone else for your sole means of survival. At any moment, you could be fired, the economy could change, or different sectors could disappear entirely.

S – Self-Employed

Oftentimes, someone that starts off as an employee realizes that they can start their own business, so they end up quitting their job. One of the main benefits of being self-employed is that you are your own boss – you call the shots, set your own hours, and posses a new level of freedom to work from home and travel.

The challenge with being self-employed is that you are still trading your time for money, so you can’t scale up. These people have yet to develop the business acumen that will allow them to successfully run a business.

B – Business Owner

The business owner works on their business, not in their business. They are constantly thinking about how they can remove themselves from their business.

They create systems and automate their business in ways that ensures that they don’t have to be involved in the day-to-day operations of it, which then allows them to scale up their business. They may open up multiple stores or have a team that does everything for him, which gives them freedom of time.

A business owner creates more wealth than a self-employed person ever could make. This is the type of person that you should strive to become, and what is known as the ‘rich mentality.’

I – Investor

When you are an investor you take money that you are making, save it, and invest it in someone else’s business. When you invest in real estate or stocks you want to invest in things that can provide a passive income source for you. You become financially free when your passive income exceeds your expenses. This is how the rich get richer.

The business owner and the investor are the keys to financial abundance. I like to think that there is another level to this model, otherwise known as a P, or a philanthropist. This occurs when all of your needs are taken care of and you receive joy and fulfillment from using your resources to make bigger changes in the world. These are the Bill Gateses of the world.

I think that you can start giving and contributing early on in your journey. It teaches you to live from a place of abundance and not live with a scarcity mentality around money and finances.

Some of the wealthiest people in the world become philanthropists because money and success only fulfills them so much. When they serve the world on a bigger scale, it leads to deeper levels of happiness and joy.

The Cashflow Quadrant model outlines the key to financial freedom. This is what Robert Kiyosaki taught me about getting rich. If you want to learn more about this model, Robert Kiyosaki has a book called, The Cashflow Quadrant: Rich Dad's Guide to Financial Freedom.

I hope this knowledge has inspired you to change the way that you think about financial wealth and abundance. In closing, Robert Kiyosaki once said, “Before you can transform your wallet from poor to rich, you’ve got to transform your spirit from poor to rich.” Are you ready to take control of your financial future and adopt an abundance mindset?

Do you want to learn the 7 online business models that have made me an Internet millionaire in less than 3 years? CLICK HERE to receive instant access to my free course!