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If Iโm being honest, 99.999% of all the investment ideas I have are not mine and Iโm very happy that is that case. Because when I first started investing I got very lucky and make some very quick money ( by only using the knowledge I had which was to invest in things you like ). ๐Call Me๐: https://bit.ly/30IBr0iโ ๐Second Channel๐: https://bit.ly/3c4sVPSโ ๐ฒ1 on 1 Talk + My Budget + Stock Investments๐ฒ https://www.patreon.com/tommybrysonโ ๐ฐMY M1 FINANCE PORTFOLIO๐ฐ PLUS $10 Link: https://m1.finance/fQsrul1PZcHMโ 1. First Iโll tell you the way I invest - Initially, when I started investing I had one goal - That was to get rich fast, so with my 8.75 hourly wages, I took a lot of risk ( I won 3 times and I lost ones a little over $1000 but winning offset it ) - But that $1000 was equal to around 114 hours of work, and I knew that I didnโt want to risk things that way - That what I wanted was a passive way to make money - By 2018 I learned everything about passive income, Index fund/Etf investing and I started to put into action Here is the Proof: - I started investing with an app called Acorns with $7, they had a great portfolio, that mirrored all the knowledge I had acquired from John and Warren ( but later in 2020 I stopped using them because they have the power to change that portfolio however they want and I didnโt like that ) - SO I started using m1 finance, and just recreated my old portfolio and I love now that no one has the power to change it, no matter what - Here are the dollar amount, Iโve invested 173k, 60k in sofi and 42 in a vanguard retirement account But here is what I invest into and the full break down: - The 7 ETFs and I use and the 7 index funds I use for my retirement also - I picked m1 finance because it's easy to use - And Iโm currently transferring from my old account My Advice: - Dollar-Cost Average: This means invest regularly usually every time you get paid a set amount, that way you donโt buy way to high. - Rebalancing your portfolio: if you use m1 finance you won't have to do this, but some of you will. ( this means sometimes when the market get wacky, youโll have to sell some shares of one investment and rebuy shares of your other investment to bring the portfolio back to balance ) - Patients: Compound interest is the key to all of this. And whether you make a lot or a little it doesnโt matter. (let's say you make 50k per year and invest between 15-25% : 20% invested at 10% return over 30 years will give you 1.8Million 2. Then Iโll tell you how I learned from Warren, John, and Arkad - The goal is not to retire in 5 years but to have confidence that youโll past on wealth to your family and you can also enjoy it Warren Buffet: Warren Buffet taught me patient and Research John C bugle: Taught me to own the entire market to diversify if what you want is passive income ( and to become a full-time investor ) Arkad: Taught me to protect my income because it was the Number tool I would have to build wealth. And he taught me the rules of money too. * PRO TIP* INFORMATION IS EVERYTHING ๐Merch๐ https://teespring.com/stores/tommybrysonโ โ 2 FREE AUDIOBOOKSโ https://amzn.to/2Enayo8ยฌยฌยฌโ ๐ฐM1 FINANCE $10๐ฐ Link: https://m1.finance/fQsrul1PZcHMโ ๐ACORN FREE $5๐ Link: https://acorns.com/invite/38EYSUโ โกFREE KINDLE UNLIMITEDโก (traditional reading) Link: https://amzn.to/2VGbxt9โ ๐จ๐ฝโ๐ปDISCORD PRIVATE GROUP๐จ๐ฝโ๐ป https://discord.gg/EcZEHpAโ My Camera Gear: https://www.amazon.com/shop/tommybrysonโ โ Help Us Reach 500,000 Subscribers: https://goo.gl/0wvm6wโ ๐All My Social Media๐ Link: https://linktr.ee/tommybrysonโ *Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.
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