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The Experts on Investing – Part 2

By Austin Netzley

YoPro Wealth Investing Money Freedom

{This is Part 2 of a 5-Part series. Check out Part 1 here. Please note that all information on YoProWealth.com is for informational purposes only. See a full disclaimer here.}

The wealthy do something well that the majority of the Middle Class do not do so well… they invest.

Investing is hard, scary, and complex. Many don’t know what to do, nor do many even know where to start.

However, it is an essential part to obtaining massive wealth. If you’re interested in having more money in your life, investing is likely to be a top priority for you (see the power of compound interest here).

So, to help you master this touchy subject, I asked a bunch of experts for some helpful investing advice.

Their responses follow.

J. MasseyJ. Massey, Investor, Entrepreneur, Author, Speaker, Cash Flow Diary 

The best investment advice I could ever give is to invest in real estate. But first you have to invest in yourself and gain the tools and knowledge that allow you to do so.

The very first thing I suggest to people ALWAYS is to invest in themselves. They don’t have to attend college to get the know-how to be a great real estate investor, but they do need to educate themselves through books, audio courses, video courses, workshops if they have the budget and by joining mentoring and mastermind groups. In short time they can change their lives… and that’s no joke. That’s not pie-in-the-sky thinking.  [Read more…]

The Experts on Investing – Part 1

By Austin Netzley

YoPro Wealth Investing Money Freedom

{This is Part 1 of a 5-Part series. Please note that all information on YoProWealth.com is for informational purposes only. See a full disclaimer here.}

The wealthy do something well that the majority of the Middle Class do not do so well: invest.

Investing is hard. It is scary, and complex. We don’t know what to do, and we often don’t even know where to start. 

However, it is an essential part to obtaining massive wealth. If you’re interested in having more money in your life, investing needs to be a top priority for you (see the power of compound interest here).

So, to help you master this touchy subject, I asked a bunch of experts for some helpful investing advice.

Their responses follow:

Agatha Javella-Schmidt - The Best Investment AdviceAgatha Javellana-Schmidt, Marketing & Business Development Manager, IRA Services Trust Company

Use Self-Directed IRAs (Individual Retirement Accounts) to build retirement wealth by truly diversifying your portfolio. Self-Directed IRAs allow you to invest in alternative assets like real estate including trust deeds (source of passive income), precious metals, private companies, and almost anything and everything you can think of that will make money for your IRA.

Another advantage of the Self-Directed IRA is that it allows you to earn tax-sheltered income – you don’t pay taxes until you withdraw funds from your IRA (as with a Traditional IRA), and if you have a Roth IRA, you don’t pay taxes at all on any investment returns because contributions are post-tax funds.  [Read more…]

Experts: One Piece of Financial Advice – Part 3

By Austin Netzley

One Piece of Financial Advice for My Younger Self

{This is Part 3 of a 3-Part series. Check out Part 1 and Part 2 here.}

There is a shortcut to massive wealth…

And you can learn that shortcut by listening to successful people that have come before us.

I asked experts from all over the globe this question:

If you could tell yourself one piece of financial advice, what would it be?

Be sure to implement these strategies, and true wealth is yours!

Jeran Van Alfen - Empire Wealth Strategies LLCJeran Van Alfen, CFP®, Empire Wealth Strategies LL

One thing I wish I knew early in my career about finances and a topic that comes up regularly among young professional clients is to place more importance on short term savings and establishing liquid funds before putting so much emphasis on long term savings.

So many young people get caught up with their 401k and buying an expensive house before thinking about what matters to them right now and establishing financial security in the short term. They can find themselves without adequate emergency savings, in a high amount debt, and still putting significant amounts of money into their retirement account.

Barry Maher - Author, Consultant, and Motivational SpeakerBarry Maher, Author, Consultant, and Motivational Speaker

If I could give one piece of advice to my younger self, it would be to start building a financial cushion as early as possible. I was self-employed then and operating on a shoestring, often a broken shoestring. That made business (and life) stressful and it also kept me from taking advantage of several big opportunities.

[Read more…]

Experts: One Piece of Financial Advice – Part 2

By Austin Netzley

One Piece of Financial Advice for My Younger Self

{This is Part 2 of a 3-Part series. Check out Part 1 here.}

There is a shortcut to massive wealth…

And you can learn that shortcut by listening to successful people that have come before us.

I asked experts from all over the globe this question:

If you could tell yourself one piece of financial advice, what would it be?

Be sure to implement these strategies, and true wealth is yours!

Valerie Jennings - JSMMValerie Jennings, CEO of JSMM

Surround yourself with extremely wealthy people who are knowledgeable in niche areas such as law, finance, accounting and professional development.

By doing this you can avoid the pitfalls of becoming broke emotionally, spiritually and professionally so you don’t have to spend too much time learning the past mistakes of others. The old adage: ‘Time is money’ applies here.

Many people are willing and happy to mentor young professionals free of charge. It’s worth the effort to find these people early on and pay it forward later on in your career. The cost of doing so: priceless!

Anthony Kure - Kure Net Worth ManagementAnthony Kure, Owner / President of Kure Net Worth Management

My one piece of advice sound simple but it’s true and will trump any piece of investing know-how. The advice: Always, always spend less than you earn.

Gretchen Marks, Washington Energy Services

Buy real estate as soon as you can reasonably afford to.  [Read more…]

One Piece of Financial Advice for My Younger Self – Part 1

By Austin Netzley

One Piece of Financial Advice for My Younger Self

{This is Part 1 of a 3-Part Series.}

The beautiful thing about the world is this: you don’t have to figure out everything on your own.

There have been millions of super successful people that have come before you and I. And, whether we believe it or not, many of these successful people have been in the same circumstances that you and I have been in.

The best way to learn is not by figuring it out on your own. It is by using the experiences and wisdom of others to create a shortcut to true wealth and massive success.

So, to help us do that, I asked numerous experts this question:

What is one piece of financial advice that you would give your younger self?

Their responses are all different, yet all so powerful. If you take action on these, you will surely be much wealthier in your life much more quickly.

Elle Kaplan Lexion Capital HeadshotElle Kaplan, LexION Capital Management CEO and Founding Partner

The best piece of advice for any young professional when it comes to preparing for your financial future: start today. Retirement may seem far away right now, but making smart choices with your money now will lay the foundation for a bright financial future.

What is the one thing that all millionaires and billionaires have in common? An investment account. When you invest, you can put your hard-earned money and work for you. The longer that your wealth has to grow, the better – so start now!

Kendra Stephen - Supra Legal GroupKendra Stephen, Esq., Business and Internet Attorney at Supra Legal Group

The one piece of wealth advice I would give to my younger self would be …. Don’t charge anything to your credit card that you don’t have the cash for in your bank account.  [Read more…]

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