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Ep. 49 - The 13 Investing Commandments I wish I knew before investing
- 2024/03/26
- 再生時間： 32 分
- ポッドキャスト
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サマリー
あらすじ・解説
Ready to save yourself a lot of financial pain? I mean, why go through hardship if you can learn from someone who’s been there right? This episode is all about The 13 Investing Commandments - if you’ve ever broken one of these, you have definitely felt financial pain. I’ve lost a lot of money over the course of my short life. Here’s what I wish I knew beforehand so you can avoid doing that: - Never invest more than 10% of your net worth into an asset you can’t personally impact or control the outcome of. (Or don’t have access to the bank accounts) - Have a firm amount of money for an investment and invest $0 after that. Regardless of what changes. If you do your due diligence, more money won’t be needed. Better to go to zero on a firm amount than throw money into a bottomless pit. - Invest 90% of your net worth into assets that pay you a monthly check that you can personally impact the outcome AND you can access the bank accounts . #HolyGrail of all Financial Freedom - When making an investment larger than 10% of your net worth, consult with 5 people who have invested in this asset class and pepper them with questions. - INVALUABLE - When a “once-in-a-lifetime” opportunity comes along, ask: “How many others have passed on this?” Just having the awareness to pause will suck the wind out of the sails of pressure and hype - Pause Pause Pause - the skill of a wise investor - Never make a loan that isn’t backed by collateral that you can sell within 3-6 months. - If losing the amount of money you’re investing would cause you to negatively change your living circumstances, scale back the investment. - Investments do not make you rich, building a business makes you rich. Then reinvest that money back into your business, then into cash flowing passive income - so you can focus on growing your active income in the business. - No one single deal or investment opportunity will change your life. You can always pass, another one is right around the corner. - If you can’t easily explain the investment to your spouse who understands nothing about the asset and they still have questions, you are not ready to invest (this set us back 50k it’s why I don’t own Bitcoin, I’m a smart guy and I can’t understand what makes it valuable beyond internet hype) - When making an investment ask yourself: “What value is being created?” I’ve found that “Flash in the pan” investments rarely perform as expected - When people find out you’re making money, the snakes and conmen will come out. At times these are people close to you who could paint themselves in a Christian aura to mask their true intentions. If they continue to ask you to invest in something, ask, “What are you getting out of this?” <<<<< Game changing question Hope this helps you. Feel free to steal this, keep it by your side, live by it like The 13 Investing Commandments and you will be financially successful without the heartache & heartbreaks. I’m currently selling luxury real estate in South Florida but feeling the tug to jump back into teaching people how to invest in real estate in 2025. If you want to invest in rental property in South Florida or you are looking to move to the Palm Beach area I would love to help you find a property that fits your needs! 📘 Connect With Jason Rash ➡️ Facebook: https://www.facebook.com/jasonrash ➡️ Instagram: https://www.instagram.com/jasonrash/ ➡️ Youtube: https://www.youtube.com/@JASONRASH ➡️ Email: support@jasonrash.com