Today’s Masterclass episode is all about how you can start and continue to build your personal wealth. Five experts walk us through common misconceptions around money and why changing your mindset is step number 1 to building your wealth.In this episode,Tony Robbins, entrepreneur & best-selling author, shares his advice on how to strategize and invest in a looming bear market.Dave Ramsey, author and businessman, shows inspiring ways to answer the phone when the world is trying to give you a wake up call.Jaspreet Singh, investor, CEO of Market Briefs, explains the ways you can prepare yourself for a future financial crisis.Ray Dalio, billionaire investor and hedge fund manager, elaborated on the importance of diversifying your portfolio when starting to invest.Grant Cardone, entrepreneur and investor, illustrates the mindset you need to turn 1K into 100K.For more, go to lewishowes.com/1363Full Episodes:Tony Robbins: https://link.chtbl.com/109-podDave Ramsey: https://link.chtbl.com/938-podJaspreet Singh: https://link.chtbl.com/1327-podRay Dalio: https://link.chtbl.com/1266-podGrant Cardone: https://link.chtbl.com/1069-pod
Louis Howes talks with experts about the fear people have of investing and the importance of having a strategy to avoid market volatility.
The podcast discusses a strategy for investing that claims an 85% success rate in making money for the last 75 years, and the story of the strategy being shared at a conference in Davos.
The speaker mentions working with Paul Tudor Jones during the biggest market crash in history and states that based on historical patterns, if a stock drops 20% or more, there is an 80% chance it will not lead to a bear market or a crash. However, history suggests that some stocks may still drop in price by a significant percentage.
Missing out on just a few of the best trading days in the stock market can significantly impact your total returns. Studies have shown that even with perfect timing, the difference in accumulated assets after seven years between buying on the best day versus the worst day is only about $20,000.
Jim Cramer discusses the importance of investing and offers some humorous insights into his own financial decisions and lifestyle.
The importance of investing for the future amidst a turbulent economic climate, and how a long-term perspective can reassure individuals who may fear financial instability.
While margin trading may sound like easy money, the risks involved are high and it's not worth exploiting other people's difficulties for financial gain.
The increasing government spending could lead to inflation, which either requires injecting more money into the government, more tax dollars, or investing in assets such as real estate, stocks, or cryptocurrency. Hiring more agents to audit and collect more money can also be a solution.
The government's recent intense interest in cryptocurrency may be due to its desire to monitor and tax every transaction made through it. Those who earn more may be less likely to hide income but those earning less may opt for cash transactions.
The speaker sees more investment opportunities in market briefs and tax firms, particularly with a certain tax firm that has a lot to offer for small businesses with bad accountants, and wants to work with them.
The speaker discusses the benefits of working with people who have different perspectives and how it helped them in problem-solving. They also mention their own experience of losing all their money and borrowing from their father.
The speaker highlights the importance of investing in oneself and advises against blindly following societal norms or pressures. He emphasizes that, while there may be some initial costs, investing in oneself ultimately pays off in the long run.
The speaker reflects on the importance of investing in marketing from a young age and cites successful companies that have done so.
The speaker plans to create a fund where his audience can invest with him to support companies in positions to help or harm many people, and everything from media to pharmaceuticals will be funded by those chosen companies.
The speaker shares how wealthy individuals invest in possibilities rather than just focusing on making money in the present moment.
The speaker emphasizes the importance of financial education for families, highlighting the benefits of having a savings plan and investing in assets that provide monthly payoffs. The speaker cautions against relying on saved money to meet emergencies and discusses the impact of inflation on savings.
The speaker explains their decision to invest in a rental property due to the inability to find another lucrative apartment deal, and their belief that cash is losing value.
The host discusses the temptation of wealth and whether having a lot of money makes someone naturally less ambitious.