Five best places to invest money right
now, today I share with you the five
best places to invest your money.
Hey guys, and Frank, what are the
best places to invest your money today
with the outbreak of the coronavirus
pandemic sweeping the globe, many
of us are asking where are the best
places to invest money right now?
It's a tough question to answer
given that we have never been
in this situation before.
The entire world is
about to go on a timeout.
Even if there is a cure soon and life
returns to relatively normal things may
never return to exactly the way they were.
And some even believe the air has
come out of the bubble and that we
are most likely headed for recession.
Here are seven of the best places to
invest money right now in the age of
coronavirus, number one, gold and or
silver, I recommend that you invest about
10% of your net worth in gold or silver.
The reason for owning gold or silver is
that it acts as an insurance policy that
is actual physical gold, not ETFs it's
best practice to keep your gold and silver
and safe storage by a reputable company.
It's also a good idea to keep some
physical gold in your own safe at home
for worst case scenarios, if the market
crashes and all other stocks are lost,
gold, should follow historical trends and
go up, or at least hold most of its value.
Gold is a great way to protect
yourself from losing everything.
During these times of uncertainty,
number two cash image, highlighting
COVID-19 financial tip cash in safe box.
You should also have a good
amount of cash on hand.
I'd suggest that you keep around 10% of
your net worth in a safe box at home.
This might seem like an outrageous
amount of sum, but we're an
uncertain territory here.
The closest thing to the
coronavirus pandemic we've seen
as the great recession of 2008.
And back then when everything in
the finance world was in disarray,
allegedly banks were just hours away
from freezing all accounts temporarily.
In which case no one would
have access to their money.
In fact, this is exactly
what happened in Greece.
When their economy crashed
causing bankruptcy.
Just last week, I visited a bank
to withdraw larger sum of money.
They told me the most I
could withdraw was $5,000.
That's why having cash in a safe
at home is a great insurance
policy in case this happens.
Plus since banks pay almost zero interest,
it's not like you would be missing
out on all those interest payments.
Number three, rental properties due to
the coronavirus, more and more people are
rethinking how they would like to live.
For example, being cooped up in a
New York city apartment during a
quarantine is less than desirable.
Demand for single family homes appears
to be increasing as city residents
move out to the suburbs in order
to have more space and backyards.
There's also still a huge lack of
supply in the affordable housing market.
Generally, during challenging times,
more people are forced to rent,
which could offer a great opportunity
for investors looking for rental
income from single family homes.
Number four, pay off your home.
Another option is to take your
cash and pay off your home.
The 3% interest you will no
longer be paying may be a
great option, but only do this.
If you won't have to pour all of your cash
into paying off your mortgage right now,
as you'll become more vulnerable during
these times of financial unknowns, if
there is any chance of job loss, it might
be more prudent to refinance your home and
take cash out to set aside for reserves.
Number five, have some liquidity.
One of the best financial strategies
during this period of fear, panic
and volatility is to stay as
liquid as possible while using good
judgment by having physical cash.
It doesn't matter what the banks do.
You would still have your cash in your
hands and it would be ready to go in case
you really needed cash for any reason.
Thank you for watching.
Do not forget to like, and
subscribe for more videos like this.
Here are 13 biggest differences
between rich people and poor people
between the rich and the poor.
How are they so different from each other?
We've got a long, rich versus
poor explanation here, but
listen to the very end.
I promise you it will be worth it.
Hey guys, and Frank, do you know
that you can be a victim or you
can be rich, but you can't be both.
Here are 13 reasons why number
one, rich people play the
money game to win poor people.
Play the money game to not lose.
The goal of truly rich people
is to have massive wealth.
And for many of them it's
to help a lot of people.
One of the principles we teach in
our programs is if you shoot for the
stars, you'll at least hit the moon.
Poor people don't even shoot
for the ceiling in their house.
And then they wonder why
they're not successful.
Number two, rich people are committed to
being rich for people want to be rich.
The number one reason, most people
don't get what they want is that
they don't know what they want.
Rich people are totally
clear that they want wealth.
They are unwavering in their desire.
They are fully committed
to creating wealth.
As long as it's legal, moral,
and ethical, they will do
whatever it takes to have wealth.
Rich people do not send mixed
messages to the universe.
Poor people do.
The third level of wanting
is I commit to being rich.
The definition of the word
commit is to devote oneself.
Unreservedly.
This means holding absolutely nothing
back giving 100% of everything
you've got to achieving wealth.
It means being willing to do whatever
it takes for as long as it takes.
This is the Warrior's way.
No excuses, no ifs, no
buts, no maybes and failure.
Isn't an option.
The Warrior's way is simple.
That will be rich, or I will die trying.
In my experience, getting rich takes
focus, courage, knowledge expertise, 100%
of your effort, a never give up attitude.
And of course, a rich mindset.
Are you willing to work?
16 hours a day?
Rich people are, are you willing
to work seven days a week?
And sometimes most of your weekends,
rich people are, are you willing to
sacrifice for at least a period of time
seeing your family, your friends, and
give up your recreations and hobbies?
Rich people are.
Are you willing to risk all your
time, energy and startup capital
with no guarantee of returns,
rich people are it's simple.
You will be paid in direct proportion to
the value you create in the marketplace.
Most people are so stuck in their egos
that everything revolves around them.
But if you want to be rich in
the truest sense of the word,
it can't only be about you.
It has to include adding
value to other people's lives.
Part of your mission in life
then must be to share your gifts
with as many people as possible.
That means being willing to play big.
The byproduct is that the more people
you help, the richer you become
mentally, emotionally, spiritually,
and definitely financially.
Number three, rich people see
opportunities and focus on rewards.
Poor people see obstacles
and focus on the risks.
Poor people see potential loss and
are driven by their fear based voice.
Rich people see potential growth, take
responsibility for the results in their
lives and act upon the mindset that it
will work because I'll make it work.
Rich people are committed
enough to do whatever it takes.
Period.
It comes down to this, if not you
then who number four, rich people
focus on what they want while poor
people focus on what they don't want.
Did you know that there are no
straight lines in the universe?
Life doesn't travel in
perfectly straight lines.
It moves more like a winding
river more often than not.
You can only see to the next
band and only when you reach
that next turn, can you see more?
Action.
Always beats an action.
I have found that the richest
people I know are also the
nicest, bless that what you want.
If you see a person with a beautiful home,
bless that person and bless that home.
If you see a person with a beautiful car,
bless that person and bless that car.
If you see a person with a loving family,
bless that person and bless that family.
If you see a person with a beautiful
body, bless that person and bless their
body, everything happens for a reason.
And that reason is there to assist me.
From now on.
I want you to practice reframing
other people's negativity as a
reminder of how not to be nothing
has meaning, except for the meaning.
We give it energy is contagious.
Either you affect people
or you infect people.
I believe negative thinking is like
having measles of the mind instead of
itching, you get bitching instead of
scratching, you get bashing instead of
irritation, you get the frustration.
Now, do you really want to
be close to people like that?
Number five.
Rich people are almost
always excellent promoters.
They're willing to promote their
products, their services, and their
ideas with passionate enthusiasm.
Presenting promotion is one of
the greatest obstacles to success.
People who have issues with selling
and promotion are usually broke.
Number six, poor people will do almost
anything to avoid problems for people.
See a challenge and they run.
The secret to success.
My friends is not to try to avoid or
get rid of or shrink from your problems.
The secret is to grow yourself so that
you are bigger than your problems.
If you have a big problem in
your life, all that means is that
you are being a small person.
If you want to make a permanent change,
stop focusing on the size of your problems
and start focusing on the size of you.
I go over this specific principle
in my upcoming free web class.
Don't believe a thought.
You think number seven.
Rich and successful people
are solution oriented.
Rich people spend their time and
energy strategizing and planning
the answers to challenges that come
up and creating systems to make
certain that problem doesn't occur.
Again.
Think of yourself as a
container for wealth.
If your container is small and your
money is big, what's going to happen.
You will lose it.
Your container will overflow
and the excess money will
spill out all over the place.
You simply cannot have more
money than the container.
Therefore, you must grow
to be a big container.
So you not only hold more wealth,
but you also attract more wealth.
Number eight, rich people do not back
away from problems, do not avoid problems
and do not complain about problems.
Rich people are financial warriors.
The bottom line is that if you become a
master at handling problems and overcoming
obstacles, what can stop you from success?
The answer is nothing.
And if nothing can stop
you, you become unstoppable.
If a 100 foot Oak tree had
the mind of a human, it would
only grow to be 10 feet tall.
Number nine, rich people work hard
and believe it's perfectly appropriate
to be well rewarded for their efforts
and the value they provide for others.
Poor people work hard, but due to
their feelings of unworthiness, they
believe that it is inappropriate for
them to be well rewarded for their
efforts and the value they provide.
Get really rich and then help the people
who didn't have the opportunity you did.
If you have the wherewithal to have
a lot of money, have it, how you do
anything is how you do everything.
There's nothing wrong with getting a
steady paycheck, unless it interferes with
your ability to earn what you're worth.
There's the rub.
It usually does.
Living based on security
is living based on fear.
Number 10, rich people
believe in themselves.
They believe in their value and
in their ability to deliver it.
Poor people.
Don't, that's why they need guarantees.
The only way to earn what
you're really worth is to get
paid based on your results.
Do you want a successful career or a
close relationship with your family?
I guess both.
Do you want to focus on
business or have fun and play?
I guess both.
Do you want money or meaning in your life?
I guess both.
Do you want to wear a fortune
or do the work you love?
I guess both poor people always choose
one or the other rich people choose both.
Let's set the record
straight money is important.
To say that it's not as important as
any other thing in life is ludicrous.
What's more important
your arm or your leg.
Could it be that both are important.
Money brings freedom, freedom to
buy what you want and freedom to
do what you want with your time.
Money allows you to enjoy the finer
things in life, as well as giving
you the opportunity to help others
have the necessities in life.
Most of all, having money allows
you not to have to spend your energy
worrying about not having money.
Number 11.
Poor people either mismanage
their money or they avoid the
subject of money altogether.
I don't know about you, but
where I went to school, money
management, 101 wasn't offered.
Instead we learned about the
war of 1812, which of course is
something I use every single day.
The single biggest difference between
financial success and financial failure
is how well you manage your money.
It's simple to master money.
You must manage money.
Saying, I'll start managing my money.
As soon as I get caught up is
like an overweight person saying
I'll start exercising and dieting.
As soon as I lose 20 pounds, you
must acquire the habits and skills
of managing a small amount of money.
Before you can have a large amount,
money is a big part of your life.
And when you learn how to get
your finances under control, all
areas of your life will soar.
It comes down to this either you
control money or it controls you to
control money, you must manage it.
Number 12 rich people have
their money work hard for them.
While poor people work
hard for their money.
Rich people see every dollar as a seed
that can be planted to earn a hundred
more dollars, which can then be replanted
to earn a thousand more dollars.
Eventually rich people get the
choice to work or not poor people.
Don't invest their money and are stuck
working for the rest of their lives.
Before we move on our last difference,
please like, and subscribe for
more videos like this number 13.
Rich people are willing to act in spite
of fear, poor people, let fear stop them.
It's imperative to realize that it
is not necessary to try to get rid
of fear in order to succeed rich and
successful people have fear rich and
successful people have doubts rich
and successful people have worries.
They just don't let
these feelings stop them.
Unsuccessful people have
fears, doubts and worries.
Then let those feelings stop them.
We need to practice acting in spite
of fear, in spite of doubt, in spite
of worry, in spite of uncertainty, in
spite of inconvenience, in spite of
discomfort, and even to practice acting
when we're not in the mood to act, if you
are willing to do only what's easy, life
will be hard, but if you're willing to
do what's hard, life will be easy either.
You're a person who will be stopped or
you are a person who won't be stopped.
You choose now it's your choice.
Who would you rather be like.
If you want to be rich,
do what rich people do.
If you don't then do what broke
people do, that is simple.
Right.
But where should you begin?
It all starts with what is inside of
you more specifically, your mind, your
thoughts lead to your feelings that lead
to your actions that lead to your results.
Either you control your mind or
it controls you have a good day.
One of the best ways to pay off debt
faster, boost your savings or make some
overall improvements to your finances
is earning more income and perhaps the
easiest way to earn more in a hurry as a
side hustle, whether you are looking to
reach a specific financial goal or just
wanting to increase your income side,
hustles can be a great way to do so from
babysitting and companion care to tutoring
and more follow along for the best
ways to get started earning more today.
Hey guys.
And Frank, number one, online tutoring.
If you have academic chops to help
students with an array of subjects,
such as math, writing a foreign language
or any other class where students from
kindergarten through college may struggle.
You could have a business on your hands.
While the average tutor
makes just $20,347 per year.
According to Glassdoor, it is
a great way to supplement your
existing fulltime income with a
little more cash, you can put up
posters and get the word out locally.
If you want to work with students in
your area, or look at online services,
like check tutor.com and others tutors
can make around $20 to $25 per hour.
Online through well-paying companies.
Number two, Uber or Lyft driver.
Driving for a ride share service
like Uber or Lyft is a quick
way to turn your auto car cash.
Just apply the app to your phone and
wait for ride opportunities to come in.
You never know who you might meet, and you
can earn money in idle hours rather than
zoning out in front of the TV or YouTube.
Driver income varies dramatically
by location and time of day,
there may be some bonuses to
boost earnings for new drivers.
Just be aware that you pay for your
own car and gas and after expenses,
you could make less than minimum wage.
But if you're willing to stay up
late and drive the last call, crowd
home from the bars, surge pricing and
busy hours can make it worthwhile.
Number three, online services.
Fiber is a gateway to earning from a
huge number of tasks, popular categories
that fiber include graphic design,
digital marketing, writing, video
editing music and audio production
programming and business projects.
But there are lots of fun and
funny gigs on Fiverr as well.
Like getting paid for relationship
advice, astrology readings, or
recording a celebrity impression
birthday greeting for a friend five, or
started with gigs that cost $5 and paid
providers about $4 after fees today.
However, fiber has expanded to become
a marketplace for serious professionals
and side hustlers elect to earn a
high hourly rate for online services.
Number four.
Babysitting or companion care
babysitting and companion care are a
lot more similar than you may realize,
and both offer fun opportunities to
earn a little more cash babysitting.
Isn't just for young people.
In fact, experienced babysitters.
For example, parents can charge a premium
for watching younger children and babies.
According to a report from sittercity.com,
babysitters and NYC on average, make
$20 an hour head West to Denver.
And that amount drops to $17 and 50 cents
depending on your location and the number
and age of the children rates can vary.
Companion care is like
babysitting for older individuals.
Some retired people need help around
the house, which could include
laundry, cooking, doing the dishes
and other personal care tasks,
like helping the bathroom or moving
from a chair to a wheelchair.
This is different from skilled nursing.
And even those without a background in
care can start part time as a side hustle.
Indeed reports.
The average hourly income for
companion care is between $10 to $17
or more per hour PayScale reports.
That amount is on average $9 to $16
an hour as a companion and more.
If you're a certified nursing assistant.
Number five TaskRabbit.
TaskRabbit is a service like Lyft or Uber
for helping people with various tasks.
Taskers as they're called,
can make up to $7,000 or more
per month working full time.
But if you work part time as a
Tasker, the income adds up fast.
You set your own rates and you might
charge anywhere from $25 per hour to
dollar one 50 plus per hour, depending
on your local market and what you can
offer popular tasks include cleaning
decoration delivery, errands event
planning event staffing, personal
assistance, furniture assembly, heavy
lifting, home repairs, mounting, moving
organization, packing, shopping, waiting
in lines, yard work, and Ikea assembly.
Number six, baking or cooking.
Do friends and family gush
over your homemade cookies.
Do you make the most amazing
homemade Bavarian pretzels?
If you have a cooking skill, you can
turn your passion or skill into income.
Even if you are not the next Orden
Ramsey, you might find your food
sales business to be a lucrative one.
Selling food products can lead
to a wide range of incomes and
has some unique challenges.
For example, you may need
access to an industrial kitchen
to meet local health codes.
Check with your city County and state.
Before you start selling to make sure you
have appropriate licenses and permits.
Once you are illegal, you can sell
online through local grocery stores
or restaurants, or maybe even at
a weekly farmer's market booth.
Number seven, virtual
assistant business owners.
Notably online business owners
regularly need help with a
variety of tasks from social media
management to website updates.
Some time consuming tasks
are very important for a
website or online business.
But the business owner may not
have time to keep up virtual
assistants for blogging businesses.
For example, help with a range of
tasks, including website graphics,
podcast, show notes, social media
postings, and preparing emails.
This is great for evenings and weekends.
As many online business owners
don't care when tasks are completed.
According to PayScale, the average virtual
assistant makes $15 and 35 cents per hour.
Before we move onto our last hustle.
Please subscribe for more video like this,
but also is showing your support to us.
Number eight, flipping flipping is
a term for buying items cheaply and
reselling them online through websites,
such as eBay, Amazon, and Craigslist.
This is a riskier side hustle.
As you have to invest in inventory to
sell, however talented flippers can
easily turn spare hours into dollars
when they buy and sell the right items.
You can buy items to resell online,
using handy apps, such as the Amazon
seller app and Spotify to help, you
know, if you're getting a good deal.
Camelcamelcamel is another
powerful tool for Amazon sellers.
A great option to start is to
find free furniture on Craigslist.
Pick it up, clean it, and listed for
sale on your own Craigslist account.
Thank you for watching
and see you tomorrow.
Hey there.
I'm Jay.
And I'm here to tell you a little bit
about editing video with Descript.
And I'm here to tell you a little bit
about editing video with Descript.
It works exactly like audio.
It works exactly like editing
the audio, you just select, copy
paste text, and then the audio
and video come along for the ride.
You can practice here using this
poorly recorded composition.
See if you can get my edits to sound good.
Remember you can fine tune.
Remember, you can fine tune the
edits below using the timeline.
