hey what's up life masters this is
Stefan James from project life mastery
to day I'm going to share with you how
to invest your money in your 20s so that
you could become rich in your 30s and
set up the rest of your life to win I'm
going to share with you 3 different
categories 3 different areas on where I
believe that you can get the greatest
return on where to put your money that
will pay off in your future now before I
go into this you got to understand the
mindset in the psychology most people in
their 20s most people when they're young
they're just living for today they're
living for the now in the moment and
they're not really thinking far ahead
and that's a big mistake because right
now in your 20s you have the opportunity
to lay the foundation and to make key
decisions that can benefit your future
self that you could massively benefit
from in your 30s 40s 50s 60s and beyond
that and no matter where you're starting
from right now you might be 18 years old
watching this you might be 25 30 40
this psychology is going to apply to you
either way so you've got to think long
term in your life a lot of your friends
a lot of your environment a lot of
people that you know they're probably
you know on the weekend they're spending
their money they're going out partying
they're spending it on alcohol they're
spending it on clothes they're spending
it on things that momentarily provides a
short-term benefit but it's not is not
building up their long-term future so
that that shift in mindset psychology is
gonna give you that ability to invest
and even though right now you're you're
you're paying a price or sacrificing for
that you're gonna be in a position that
you have to trust 10 20 30 years from
now that those same friends that are
just spending their money partying
they're not thinking ahead you're gonna
have a much higher quality of life than
they will have okay and especially at
that stage your life when you know you
have more responsibilities you might
have kids you might have a family you
might have more of that going on that
you've got to think ahead for that even
for your retirement you know my first
investment was when I was 18 years old
and I started thinking at that age of my
life how I can invest my money and as
well to make those sacrifices and that's
what set myself up to now being my
thirties to be where I'm at today but
also more than that I'm always thinking
long-term ok so that's an important
mindset
the next thing before we dive into this
is before you have money to invest
you've got to save money okay you got to
make sure that you have a cushion I
always recommend that you save and put
aside at least three to six months of
whatever your expenses would be or even
your income put that aside into a bank
account
okay that's money that you don't touch
that's money for an emergency a rainy
day or for an incredible opportunity
that might come up that you now have the
money to be able to invest or spend it
or use it in whatever way that you want
the worst position to be in is when
there's incredible opportunities that
show up in your life that can treat that
can transform and change your life but
you don't have the money to participate
in it you know if there was a recession
or a depression or something that
happened in the real estate market or
something that could give you the
opportunity to take advantage of it to
set up yourself even further ahead than
what you normally could do you want to
make sure you have the money put aside
for that or even if there's an emergency
in your business your career a medical
expense who knows what it is maybe you
lose your job there's things like that
that can happen that we got to make sure
that we anticipate that so that we can
be proactive and make sure that we're
prepared for it and we don't suffer from
those moments when they show up so
always make sure that you put aside some
money you have a save you don't touch it
that's always gonna be your level of
security and protection to do that
obviously to invest and actually
participate in this you got to make sure
that you're spending less than you earn
okay if you're living paycheck to
paycheck if you're spending whatever you
make you're not going to have the
positive cash flow and the money to
actually invest you're gonna be in the
rat race where every day every week
every month every year is the same we're
not really getting ahead okay I want to
make sure you get out of the rat race
you get to the fast track the only way
you can do that is you're going to make
sure that you manage your money put
money aside spend less than you earn and
have money available so that you can
actually do what I'm gonna share with
you which is the fast track to getting
to where you want to be okay so let's
say you have some money my answers might
surprise you a little bit you might
think well you know you've got a
thousand bucks or ten grand whatever
that amount might be you might think you
know maybe I shouldn't invest that into
a stock or
maybe I should buy property real estate
you know those are often the things that
society tells us that we should buy and
invest it but if you think about it
that's actually not the best place to
start investing you know I mean if you
take $1,000 okay let's say you got a
grand and let's say that you put that
into a stock let's say that you buy
Amazon and Amazon in one year let's say
they go up quite a bit listen it goes up
by 20 percent right which is an
incredible return on an investment like
that
well that's a $200 profit right now
you've got 1,200 bucks from that so you
might be thinking well that's that's
pretty great you know I invested a
thousand bucks I made 200 bucks in a
year but really is that gonna change
your life
is an extra 200 bucks really gonna move
the needle that much even a 20% return
on that which is an incredible return no
it's not really gonna change your life
that much so just investing in stocks
and real estate it's not gonna really
move the needle that much I mean not
unless you're going after really risky
stocks or you have a lot of money to
invest it's not gonna change your life
that much investing most often is a long
term process and journey and the number
one goal is to not lose money is to
protect the money that you have so
before I'd even consider investing in
stocks or real estate let me share it to
you what I believe you should invest in
instead the first piece in the first
category in the foundation is to invest
in you you because you got to understand
that you are the ultimate resource of
your life you are the one that is going
to change your life you are the one
that's going to determine your success
it's not Amazon it's not some other
stock it's not some other person it is
you and you've got to believe in
yourself and value yourself enough that
you're worthy of investing your money
into yourself so that you could be the
best person that you can be so when I
talk about investing in you what I'm
talking about isn't investing in your
knowledge your mindset your skillsets
your experiences your abilities becoming
a better version of yourself if this was
a video game
and your level one right
now you want to figure out how you can
get to level 10 level 20 level 50 level
100 you want to always be upgrading
yourself because the more that you
upgrade yourself it's going to affect
every other area of your life you're
always gonna get the greatest return on
your time your money by investing it in
you then you ever will from investing it
in a stock or a business or real estate
or a cryptocurrency or whatever that
might be okay now what specifically do
you invest in for yourself well this all
depends on the life that you want you
got to know what you want out of life
what is your vision what is the dream
that you have who is the person that you
want to be you got to get crystal clear
on that and then figure out what do you
need to learn know develop cultivate in
order for you to be that to create the
life you want
okay so I'll give you some examples from
my life for me one thing that I invested
in very early on that have been
invaluable for me have been my social
skills and my confidence to see I was
really shy when I was in high school I
felt that I was behind everyone else
socially and with my confidence all the
other kids did go to parties they had
friends they did things that if that
saved your life you really developed her
social skills and confidence I didn't
have that I spent way too many hours in
front of the computer in front of the TV
playing video games so I knew that I was
behind here and I knew that social
skills and confidence those are skills
that will benefit the rest of your life
they'll benefit your career they'll
benefit your business they'll benefit
your finances they'll benefit your
relationships they'll benefit your
friendships or family life everything
will benefit from that so for me when I
was 17 years old 18 years old I put
money and time into learning this I
bought books the first ebook that I ever
bought was called double your dating by
David DeAngelo Wright is all about
dating and everything and improving her
social skills and confidence with the
opposite sex for me I was willing to
invest in that the first seminar I went
to as 18 years old is by Xan Perry on
who's a friend and mentor of mine and it
was all on dating and relationships and
confidence and has 500 bucks and I was
willing to put the money into that
because I knew that would pay dividends
my future it's set myself up that the
skills that I learned here would help me
later in my life you know Warren Buffett
chairs is one of the richest men in the
world shared the best investment you can
make is not in stock or real estate but
it's in you and Warren Buffett he
invested in a Dale Carnegie public
speaking class and he's always said that
was the best investment he ever made in
learning public speaking so for me I did
the same I joined Toastmasters I which
is like a public speaking group I
remember I'd go to the bank Hoover
School Board I'm from Vancouver Canada
they used to have these evening classes
and workshops and I invested in one
called acting for the terrified because
I was so shy and terrified I decided I
was in investing money to go to acting
classes just to push my comfort zone
right just to get out of my shell I
remember I did improv classes I signed
up for like an eight-week improv class
thing to learn that I remember I used to
have a huge Lisp and I used to mumble a
lot so I hired a speech pathologist to
help me with that there's all these
things that I did I invested in books
and reading books on social skills and
confidence and learning about psychology
and mindset right so those are all the
things that I did but social skills and
confidence you can't go wrong for me I
had all a lot of pain when I was younger
too around being bullied and just not
having confidence that for me I was
motivated to put time and money into
that so really the answer for you is
what should you invest in it's it's
based on what you want but also what are
right now in your life the pain points
the struggles that you're going through
what are your problems and challenges if
right now maybe your problem is maybe
you struggle with being overweight well
the great thing is there's other people
that have also been overweight that
solved that problem okay that problems
been solved many times over there's many
solutions out there that you can hire
someone else
you can hire a personal trainer a coach
you can invest in a fitness program you
can read books on it but there's other
people that have solved that that you
can model and learn from to help you
solve that problem that what you're
going through if right now your struggle
is money then invest in learning about
money learn about finances learn about
investing you
learn about budgeting your money maybe
it's depression that's what you're
struggling with read books on depression
get counseling or therapy get resources
that can help you with that maybe you
struggle with taking action you struggle
with laziness
well there's programs there's books
there's courses one of them is a hundred
a challenge there's things like that
that can help you with that
I've got programs that can help you with
that so whatever you're struggling with
whatever your whatever's holding you
back in your life your problems and
challenges invest in solving those and
I'm still doing that to this day I
remember number of years ago I had a
binging binge eating disorder very
painful to go through that I was doing
fitness competitions and restricting
myself way too much and I had that
disorder so I invested in coaches books
and resources anything that could help
me solve that problem so invest in that
things that I believe that are
worthwhile social skills confidence I
think relationships is valuable because
you got to think about it one in two
marriages end in divorce and you want to
make sure that you avoid going through
that the most important decision you
ever make in your life is who to spend
your life with so you've got to make
sure you learn about relationships to
make one work and successful because
you're gonna spend your life in one
right and you got to make sure you learn
how to attract the right one which is
the most important decision that you
make so learning and developing those
areas of your life I also think you know
learning about emotions and self-esteem
I mean learning about those things do
you not think that's gonna help you in
your career in your business make more
money do you not think your self-esteem
and your confidence and all these things
your emotions are gonna help you invest
in stocks and real estate and just make
the right decisions in your life
absolutely so those are incredibly
important to invest in I think also your
health learning about health and fitness
and obviously that's going to extend the
quality of your life how long that you
live but there's there's so many things
but invest in your internal mindset your
skills even like valuable skills I see
are like sales and marketing and
negotiation those are all great skills
to learn so by you working on this area
first and
right really investing in it building it
cultivating it the rest of your life is
gonna be so much easier okay regardless
of the amounts that look in their bank
account but your life will be so much
easier by building this foundation and
this is excuse me this is also what's
going to determine whether or not
everything else works because if you
don't work your career your career your
business or relationship nothing else
works starts with you so be the best
version of yourself okay the next thing
once you've invested some money there
this is the number one priority I'd say
the next thing I'd say would be would be
your career or business your career or
business see you got to get clear on
what you want to do with your life what
is your dream job what is your dream
business what is your dream life how do
you want your life to be see all of us
were gonna spend a third of her life
working a third of her life working in a
job for someone else or a third of her
life maybe working and running our own
business
and you've got to invest in that okay
you got to invest in your career invest
in your business now whether or not you
have a career you go to university you
get a job or you start a business is
based on what you want what do you want
okay do you want to be a great engineer
a doctor professional athlete you know
what is that you want to be a teacher
what is that for you that excites you
okay if that's the path you want to take
you want to be a doctor let's say or a
lawyer then invest in your career go to
the best school invest in your classes
your tuition the books the things that
you need in order for you to be able to
achieve that ultimate dream job that you
want to have now if you want to start a
business it'd be a similar thing you got
to invest in you because you are the one
that's gonna make your business work and
run and of course you is gonna make the
difference in your career as well but
your business there's certain things
you're gonna have to learn such as
marketing and how to run a business how
to start a business there's there's
knowledge and skills that you're gonna
need they're gonna have to invest in but
beyond that if you have a certain amount
of money let's say we take the thousand
bucks and let's say you want to start a
business through an affiliate marketing
okay you want to be an affiliate
marketer similar to myself
build a YouTube channel or a blog or a
podcast and you have a thousand dollars
now with a thousand dollars there's a
lot that you could put that into to
really start and grow your business well
you can get a greater than 20 percent
return you can make a lot more out of a
thousand bucks in two hundred bucks so
for example an affiliate marketing
business where you promote other
people's products and you earn a
commission from that maybe you could put
that a-thousand to
now do you not think by having an
awesome blog or website by hiring a
developer designer to create an awesome
website for you do you not think that
website can then make you more than 20%
more than 200 bucks
absolutely or maybe you take that and
you build some funnels right maybe
something like click click funnels and
you build a series of funnels where you
could build an email list you invest
some of that money to software well that
can make you thousands tens of thousands
hundreds of thousands if not millions of
dollars if you set that up and you
invest that money into that into your
business or with a thousand bucks maybe
decide you know I'm gonna invest this
into Facebook Ads I'm gonna learn
Facebook Ads
I'm gonna invest some of this money into
building getting traffic building a list
building an audience of people right you
can get an incredible return on that so
I want you to understand you'll get a
much greater return on your business or
career financially because you have
control over it you have control over it
and you can scale it and make as much
money as you want from it okay so your
business is incredibly important you
know you could invest it into an Amazon
business or a Shopify store or you can
invest that into publishing your own
book and launch a book on Amazon and
make money that way right and the great
thing is you're also learning as you go
as you're putting this money into your
business you're also getting an
education as well because you're
learning what what what works and what
doesn't work and I've always said that
experience is the best teacher so you're
gonna gain a lot of great experience
from that ok so this would be the next
area of where I put my money and I think
even once you graduate from school
University whatever it is or in your
business you still got to be doing that
you still you always do these things you
know it's sad how people they go to
school and once they go they finish
school very seldom do people actually
even
beyond that their education stops from
that point forward and self education is
a lifelong journey I believe you know
you're always should be learning and
growing okay what's the next piece the
next piece after that would be would be
stocks real estate or other investments
like that okay so for me that would be
the last piece of what to invest in and
I've invested hundreds of thousands of
dollars into each of these areas in my
life and guess which ones have brought
me the biggest return you got it right
here then here and then here
so stocks and real estate they're great
to invest in okay they're great to buy
it's it's what you learn from all these
books it's what you learn from society
that you should invest your money stocks
in real estate you often can't go wrong
with that okay
but again this isn't going to give you
as much a return as these two other
things which are often not not not
talked about as much but when it comes
to stocks and real estate let's say you
want to first start with stocks
I love investing in stocks investing in
other companies I think the first thing
that someone should invest in if they're
gonna go into the stock market would be
investing in what is known as an index
fund okay or an ETF an exchange-traded
fund and what this essentially is is
it's a fund that consists of multiple
companies okay all within the fund it's
kind of like a mutual fund but without
all the fees and a manager that's
actually stock picking and managing the
fund in that way
so for example an index fund would be
the S&P 500 which is in the united
states index of the 500 biggest
companies within the united states
economy okay
so if you take $1,000 that say and you
invest it in an index fund of the S&P
500
you're diversified so it's very hard to
lose that money which is again the
number-one goal when you invest is to
not lose the money to protect the money
that you've earned
and then over time to get up side and
return of it okay this is not where you
really get rich you get rich here long
term but short term you get rich here
okay business is what's gonna allow you
to get rich in the next few years three
years five years this often was not less
you're a full-time trader and you're a
master picking stocks this most often
will get you rich over ten years plus
okay this is more long-term this is more
short-term so sp500 you put that into
that it's gonna mimic the market so if
the US economy goes down then your stock
goes down if it goes up and it goes up
now historically it's always gone up so
as a long-term investment even though in
the next ten years there could be
recession if you don't sell it and you
hold it long-term and you're in your 20s
and that's okay in fact you look at
opportunities to buy stock when it's
discounted when it is down because
you're you're banking on it long-term
okay so I would I would first start with
an index fund in the S&P 500 companies
that I like to investment would be
Vanguard or iShares okay you can you
know if you live within the United
States Vanguard has a fund that you can
go directly to but they are traded also
on the the US markets Nasdaq and New
York Stock Exchange as well as in Canada
on the Toronto Stock Exchange in order
to buy stocks are gonna need a brokerage
account ok a brokerage account which is
usually free to set up but they just
take a commission every time you make a
trade so you could talk to your bank
about a brokerage account or research
within your country which broker
brokerage accounts to use when I was
living in Canada I used role Bank RBC
direct investing and I also use Scotia I
trade for Bank in Nova Scotia in the US
I use Interactive Brokers so there's a
variety of brokerage accounts out there
that you can find and use but I would
start first with an index fund okay now
real estate you could obviously invest
in real estate but with real estate
obviously you have to manage it you have
to rent it get tenants you have to
maintain it there's more expenses
involved you know you might have to get
a mortgage and borrow money depending on
the interest rate you know those factors
like that that can be make it beneficial
to buy real estate but
most often real-estate goes up long-term
there's only so much land and so it is a
great investment my first property about
when I was 26 27 years old
and it's been great but I actually more
prefer investing in stocks because
they're easier to liquidate with more
flexibility I can get dividends from
some of the stocks and then also I don't
like for example I could participate in
owning real estate without actually
having to own it so for example one
thing you might want to consider would
be something known as we put it up here
a REIT a REIT is a real estate
investment trust so for example I own
wreaths or stocks on the market that own
real estate one of them would be
Chartwell Chartwell owns a lot of senior
citizen housing that you know all the
real estate of that and so I can benefit
from that real estate market as the
properties go up in value another one
are stocks where they own commercial
buildings or they own shopping malls or
hotels or casinos they own the real
estate from that so I can participate in
that or even residential real estate so
I can easily sell the stock if I want to
get out of it and I can benefit from the
growth of the real estate market so a
REIT can be a great option too
otherwise once you have an index fund
maybe even a reads or some other index
funds where you're more safe and
diversified in that way I always start
with safe investments first to protect
my money and be diversified but beyond
that I would invest in stocks that you
believe in so as Warren Buffett says you
want to invest in what you know so what
are companies that you know what are
sectors or industries that you know for
me personally because I have an online
business and I teach and coach people in
this area I know a lot about business
and marketing in this tech world that
we're in so companies that I invest in
that I'm very familiar with I use them
every day are Amazon Facebook Google
Shopify and companies like that right
maybe even Alibaba and if you're but you
know these are companies that I know I
use I'm involved with and so I believe
in them and I see the future
these companies and so I'm confident and
comfortable to invest in them so once
you've got some of this I would pick one
or two of these to invest in or maybe
it's a bank stock I invest in a lot of
bank stocks you know in Canada and and
also in the US as well such as you know
TD Bank and Bank in Nova Scotia and Bank
of America and Wells Fargo and Bank of
Montreal and you know different stocks
and banks that are fairly secured based
on the country that you might be in but
in the US and Canada you know banks are
pretty secure there and everything so
you know I I mostly focus on large cap
companies large market cap companies and
blue chip companies and stocks that are
more secure because again I'm looking to
grow a long term here I'm not looking to
go after penny stocks and get rich from
that unless you've got a strategy but
for the most part that's kind of like
gambling but I put my energy and
attention here this is what its gonna
yield the money by putting it in here to
allow me to invest more here okay and
this is what's gonna bring the long term
this is actually gonna bring more
security than what will here this will
bring you the ultimate security in your
life because no matter what happens in
your life you always take you with you
you can never lose who you've become
okay you can lose your business and
career but you never lose who you are
what you've learned and that gives you
the ability to always recreate your
success your wealth your money value
whatever it is so this is the most
valuable on this one though career and
business can change right at any moment
you can get demoted fired your business
the internet can change who knows what
could happen and so that's why stocks
and real estate if you're investing in
blue chip or index funds then that
provides more security or real estate
because you know that's going to stand
the test of time and be around forever
right so for me my goal when I started
when I was in my 20s my goal was to
build a ten million dollar plus
investment portfolio that would provide
dividends and cash flow that would allow
me to be financially free that's the
best form of passive income there is
okay business passive income can last
for a few years but can change Facebook
can change Google Google can change
YouTube can change Amazon can change all
those factors can change in five or ten
years real estate doesn't really change
that much
and in these other companies in stocks
there are the ones adapting and changing
or if it's an index fund you know you're
diversified it's safe from that so
that's the long-term approach of what I
think about but I always think come back
to this too because there's a lot of
things we're talking about money here
but honestly guys there's a lot greater
returns that come here that aren't as
measurable that most people don't think
about or focus on I mean your happiness
your emotional well-being your or you
know your just your your confidence in
your life your relationships your health
your energy your spiritual well-being
these are things that I put money and
time and invest into that doesn't really
show the same way it doesn't show up as
numbers in the bank account but it
absolutely transforms your life and
improves the quality of your life and
you got it you can't forget that just
because you can't measure it as much as
numbers with money don't forget to
invest in these factors because these
are the factors that will create the
light that you really want to live okay
guys so listen hopefully this is helpful
for you and if you want to learn more
about me and get more content from me
subscribe to my channel here on youtube
so click on the subscribe button hit
thumbs up here but if you want to learn
more let's say about a business that you
want to build that's what I specialize
in I mean I've got courses and programs
like the life master accelerator and my
morning ritual mastery that can help you
here with your confidence in your
mindset and your work ethic and all that
that's what that's focused on is
self-development so I'll link those
below for you but business-wise I help
people build an online business with
affiliate marketing and Amazon and
publishing and a variety of different
ways and I've got some courses and
trainings that some there are free I'd
love to share with you and others that
you could pay for if you want to go
deeper with me but I'll link to those
below but listen I'd love to support you
in your life and serve you so if I can
here through my channel or I can through
my products and courses absolutely happy
to do that for you so thank you so much
click the links below to learn more or
go to project like mastery calm and I'll
see you again in the next video
you
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