Today we have another glass board edition..but we are updating this to the “Wealth Board.” We are going to talk about 7 different ways to invest $1,000. These are not specific stocks to buy but rather 7 different investment strategies.
➡️1. Pay off debt [2:09] - Yeah I know you want to get started making money. First you have to at least have a debt pay off plan.
➡️2. Personal equity fund [5:14] - This is an account that you are putting money into to invest into yourself (at a later time).
➡️3. Mental and Physical health [8:36] - This could include marriage counseling, individual counseling, gym membership, and home gym equipment.
➡️4. Anti-volatile market investments [12:18] - Dividend paying stocks, REIT’s, ETFs, Fundrise, and Lending Club are some options.
➡️5. Robo Advisors [18:37] - A few options are Betterment, Wealthfront, and M1 Finance - they help you pick your investments.
➡️6. Crypto currency [21:21] - I was against this in the past, but I did finally give it a try and I am seeing a good return.
➡️7. Side Hustle [23:44] - This is one of my favorites and I am a big advocate. This option doesn’t usually take a lot of money to start and there are so many options to choose.
Which one of these do you know you need to start doing?
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