Investing For Beginners – Most Profitable Investments – Boss In The Bentley


– Investing for beginners. What are some of the most
profitable investments that you can make? I get asked this question a lot so today, on the way, we’re actually
going to a dealership to pick up a new car for
my executive director, my right hand man, Desmond Soon. You might have seen him on Facebook, so today he’s going to
pick up a new car, his SQ5. So I want you to join with me and kind of come along for the ride. (upbeat music) Now, to answer your question, what are some of the most
profitable investments that you can make? Now, people ask me that question usually because they don’t
know what to invest in, there’s so much noise in
the marketplace, right? People are talking about Bitcoin, I call that butt-coin, cryptocurrency, or is it the stock
market, is it mutual fund, is it index fund, is it real estate, is it gold, oil, like
what do you invest in? First of all, before we talk about the different types of
investments out there, let me just share with you that the type of investment
that rich people invest in versus the poor and the middle class, are very, very different,
very, very different. When you are, in your income, when you make a certain amount of money, when you become a trade
investor and a credit investor, when you make a certain level of income, there, the investment
world opens up to you. They have many more choices
and many more vehicles. Now sometimes, people might
say that’s very risky, a lot of investments you
have never even heard of, that suddenly, now you can invest in. So, when it comes to investments, before you choose what type of investments you want to invest in, you first have to determine
what kind of investor you are. It is like, it’s like you’re asking me, “What kind of car should I buy?” Well, it depends. Is it used for leisure? Are you using it for business? Are you using it to
drive your family around? If that’s the case, maybe SUV makes sense. If it’s for, like you
like to drive a fast car, maybe a sport car, that makes sense, like a Porsche or a you know, a Ferrari, Lamborghini, whatever it is, little bit more risky, cost more money. Or are you the type of
investor that your age, are you between 30 to 40 years old? Are you between 40 to 50? Because it also depends, as you get older, that you might want investments that more protect the capital. When you are younger, you can go a little bit more aggressive, and say I want growth, right? Growth versus security. That also makes a difference. So, all that take into consideration, that’s why I don’t like
the question where, “Okay, Dan, what should I invest in?” Or “What do you invest in?” Well, what makes sense for me
might not make sense for you. You may not be there yet, or the capital that you have, you may not be ready for
that type of investment, or what I like, okay, I like SUV, doesn’t mean you should drive SUV. I like a sport car, doesn’t mean you should drive a sport car. Even within sport cars, there’s
so many different brands. I like certain type of color
or certain type of engine, I like certain type of interior, does that makes sense? So it all depends. It all actually depends. The problem is, people ask that type of question, they’re looking for an easy answer because most of the time, you haven’t done your due diligence, you haven’t done your research. You don’t know what you should do. You don’t know what you’re interested in. So anything that sounds good, someone on Facebook talking
about cryptocurrency, “Oh, that sounds good, I should do that.” Your friend gives you
a hot tip on the stock, let’s jump into that, right? It’s like you don’t have
a clarity as an investor. So first, you gotta know what
type of investor you are. Are you more for growth? Are you more for capital gain? Are you more for security,
you want dividends? All of that makes a difference. So, I don’t like stocks personally, so I’m not a stock guy,
I’m a real estate guy, but some people, my friends, they do very well for
stocks, good for them. It’s not something I like, I don’t have control over it, I don’t like the fact
that I put in the money, I can’t call the CEO and say, “Hey, I don’t like the way you’re spending this kind of expense.” I can’t control that. But for most people, that’s good, I like control when it comes to investing. I like control in terms of the finance, I like control in terms of
decision, I like businesses, I put money in businesses,
because I have a say. I can dictate, I can have some form of control of where the business could go. I like real estate ’cause
I have control over tax, I have control over the cash flow, I have control over the appreciation, a lot of different things. I can look at these things. It’s slower, it is more stable, it’s always up to, there’s
so many other factors. The second thing you got to consider is are you a capital gain investor or are you a cash flow investor? So I’m a cash flow investor. Capital gain investor, meaning
that you buy something, you are expecting, you buy something at a
certain amount and it goes up, there’s an appreciation, you are making money on
the upside in the spread. That’s perfectly fine. So that’s a capital gain investor. Cash flow investor, on the other hand, we invest in something,
we are looking for that consistent cash flow that
it’ll produce for us. I’m a cash flow investor. So I don’t look at something
and then buy something and invest in something hopefully, okay, I buy it in X, hopefully in six months, a year, two years, five
years, it’ll go up to Y, and I sell that, that’s good, but that’s to me, speculation. Nobody can predict, nobody can be sure and guarantee that’s going to be the upside. So I like cash flow investing
where I invest in something, I know the cash flow, let’s say, ten percent return, okay cool. Ten percent, I know every year, I’m getting ten percent return back, so if it’s ten percent, no changes, it’ll take me ten years
to get all my money back. However, if there are
things that I could do, in terms of the investment,
where I could add value to it, such as a piece of real
estate where you buy, you fix it up, you add
value, put a better tenant, because a commercial real estate, that can increase the value
of the property, of the asset, that makes sense to me. So that’s just my personal preference. Again, this is just me, doesn’t mean that’s what
you should do either. So capital gain versus
cash flow investing. Third thing and the
most important thing is, depends on where the stage you are at, I think, and this is just my opinion, if you are making less
than $250,000 a year, income-wise, the best investment that
you can make is in yourself. Invest in upgrading your skills, invest in upgrading your knowledge, your skillset so your
earning ability is improved. Your earning ability is improved. So let’s say you are a consultant, you are making $250,000 a year, yeah, you can invest in this and that, but to me, you need to make more money so you have more extra cash to invest. So let’s say you’re
making $250,000 a year, and you take program. You learn how to be
able to run a workshop, so now you can serve more people, not just working with
client on one-on-one, but you can work in small groups. And you take that workshop, it costs you $10,000, and you learn that, and now you can offer a workshop, and from the workshop, you
make $50,000 hypothetically. So that $10,000 investment
that you invest in yourself, now produces a return of $50,000. Now, that’s a 500% return. Now my question to you is where can you get that kind of return? In any investments, you cannot. So when in doubt, when
your income is not there, instead of trying to throw
money at something where, “hopefully I’ll get rich through that,” or whatever it is, and
you jump on the bandwagon, and why not invest in yourself, upgrading your skills because that $10,000 you
invest, you made $50,000. That’s okay because that
skill stays with you. You can do that over
again and again and again and you can make money
for the rest of your life. You can’t go wrong when
you invest in yourself. So when it comes to investing
in my own education, like going to workshop,
attending programs, hiring people, hiring consultants, learning from advisors,
I’m never, never cheap. I’m very generous, I’m willing to invest in
that, and I always invest. And you keep investing, and that’s the difference. So the most profitable investment I believe that you can make at any age, invest in yourself. Once you have done that
your income has increased, then invest in your business, invest in your marketing, acquire those customers. If you spend, on Facebook, if I spend, every dollar I spend
if I get three dollars and five dollars back into a customer, every dollar I put in I make two, three, five dollars back, again, that’s hundred percent of return. You cannot get that from an investment, from a passive investment, but you could get that from your business, stuff that you can control. So I think you should get to that point where you are making
yourself a lot of money, let’s say, 250, six-figure. Your business is making
you a lot of money, so pays for your overhead, your expense, plus you have extra
cash flow, extra profit, now you take that money, now you invest in some type of investment. That’s what I believe in. So there you go, may not be the answer you’re looking for, but really do your research. Only invest in something you understand. Don’t let greed control you,
don’t let greed take over. Don’t feel like you’re missing out, you’re not missing out on anything ’cause there’s always another deal, there’s always another investment. So plenty of opportunities. Invest in something you understand, invest in yourself, you
can’t go wrong with that. – Oh wow – Wow – Holy smokes (laughing) Holy smokes, this is
like a space facility. Like NASA or something. – And here is your new car – Thank you, thank you (laughing) – Here’s the key – Thank you very much you’re kidding, holy shit. – You work hard, that’s for Desmond who’s been with me almost three years now, right? – Yes
– My right hand guy he’s been through a lot, and one of the dreams he told me was to get a new car for your dad – My dad – And he’s worked very, very hard, and this, he deserves
this, truly deserved it. – Thank you (laughing) – I love it, I love it, it’s
white, and the red brakes. – Oh – Oh look at the light, this is awesome Oh, god. Oh, wow wow (laughing) Yes! This is very sexy, it’s
very sporty, very sexy. Thank you so much, man,
thank you very much. When Dan makes a promise, he
keeps it, thank you very much. (starting car engine) Yeah, listen to that engine. (laughing) – One of the first things I want to do, like this weekend I’m going
to stay at my parents’ house. And I’ll let him go for a drive. – That’s nice, very nice – Touch it, feel it, smell it (chill music)

100 thoughts on “Investing For Beginners – Most Profitable Investments – Boss In The Bentley”

  1. Enjoyed the video? Subscribe, Give it a Thumbs Up and Comment Below.
    (Dan actually reads EVERY single legit comment from his loyal fans)

    Don't like the video? If you would be so kind as to
    FUCK OFF, it would be very much appreciated.
    You don't have to watch any of Dan's videos.

  2. Time is the biggest currency i think and investing in yourself is the way to go initially . I think learning is exciting. why wouldn't we want to know more and at this day and age of information. We should be great full for all the opportunities. Nice video again Dan . Subscribed and congratulations on your 1M subscription. you have put a lot of work into it. Consistency and focus.. with a bit of intelligence always pays off πŸ™‚

  3. Great job Dan you made a lot of things clear to me even though I have a degree in finance.Thanks, I'm looking forward to more of your videos.Subscribed.

  4. Hey Dan. Great videos. I am learning digital marketing now. After seeing your high investment skill video. Respect from India. Thx for such a high quality content

  5. Dan really admire when you say invest in yourself first. Many people think this is not important. Specially I.am from Bangladesh where people don't pay for their training a lot. They get it free. And there is this mindset to get training for free. We should learn to pay for our learnings. Thank you.

  6. 2019 I'm gonna make at least 3 investment. I'm turning 19 this year and I would like to start investing at young age.

  7. No one has ever spoken about 'investment' in the perspective you showed!!!! Wowwwww you are amazing. Iv been binge watching your videos since a week and my mind is already working 10% more than its usual perfomance!!!

  8. I google is Dan legit and I see and read doubters, but as I watch more and more videos, Dan just fills his content with a goldmine of wisdom. He's the real deal!

  9. Dan, offering a car to your employee for his loyal service impresses me so much as a Christian. I'm praying that God sees you and start using you in a powerful way for his glory

  10. Desmond! super encouraging person!
    Awesome car! so grateful to be commenting this video!
    Sifu is the best! as usual πŸ˜‰

  11. Well done and well said Dan! Investing in our selves is the best investment as no matter where you go or as long as you live, you have those skills and can start over.

  12. Great video, I wanted to add one thing that I found interesting how his CEO says β€œwhen Dan makes a promise he keeps it” why is this important? Because it shows good character, not a trait that all people have but a very important one in order to be successful in anything you do in life, just my 2 cents πŸ™‚

  13. I am so happy I watched this video. People would tell me that I am being impractical that I dream of having a Masters degree to learn more or take good care of my health or try to learn something new. I told them, for me that’s an investment. They told me that I waste my money when I do that just buy stuff like pieces of jewelry because they increase in value. Turns out, I am not wrong with what I’m doing! Thank you for posting this!

  14. Dan, I have one question… How can we quantitatively calculate the returns we could get by investing in our own skill set?

  15. Wow. I’m an RN. and I make 80k. I want to be a cash flow investor. I need a mentor. I have been struggling for years trying to come up with a business idea. I have an idea. A name. I am a single mom with two kids. Literally hanging on by a thread in life. I crashed my only car and now have an insurance settlement for the car. I need a new car. But I want to invest in an asset so I can buy a car with the cash flow. Im hungry. Help. Be my mentor.

  16. There is control in stocks……you just don't understand all the mechanics. Maybe you should do more research. There is no liability with other people when it comes to stocks. Unlike Real Estate there is so much liability….you need to create all these pointless LLCs and Corporations. Then you need to hire a team to manage and scale this investment…..Or you can scale by millions and billions from your laptop by yourself. You can cash flow like a mother with options. Again research and understand the Better way to invest and that is with Paper and the market hands down.

  17. Totally the answer I was looking for…Thanks! Congratulations to the guy with a new car…. β€œA man that keeps his promise” always good to meet people like you

  18. You are the best. I discover your channel yesterday and I am very excited to try all yours advices and practice. Thanks a lot! πŸ‘ Sorry for my English, I still learn… 😊

  19. DONT RUSH JUST Coz
    1) you got money
    2) somebody else bought something and you felt left behind

    Trust in always something better on your way coz there are always others deals available.

    β€œβ€β€ Patience and clear decision to buy the right thing β€œβ€β€

  20. Definitely not what I wanted to hear. But I respect you so much for telling me the truth. I know I'm just stressed about my current situation and my desire to be successful is making mr feel rushed. But if I dont build a foundation…I'll fail anyway. Thank you Dan. Lots of work still needs to be done. I'm happy people like you exist. You've changed how I view wealth and rich people in general

  21. Thank you so much for your insightful tips, Sifu! Also, may your generosity be returned to you tenfold and more! Sarge is blessed to have you as a boss.

  22. Thank you . I control my Silver coins and I am going to keep buying them each month until I can get enough coins . Maybe $500-1,000 coins . Each coin cost me $17.52 , I will sell them back before Christmas , because they are usually go to $24.00 -25.00 per Coin . Then buy more coins from my gain ,between January to March ,when they go back to $16.00 – $17.50 per Coin .

  23. β€œInvest in yourself. You can’t go wrong with that”
    I have always believed win-win situations are the best. I would describe this as a win-win situation.

  24. How about airbnb u havent talk about that that my friend got a maserati just off of airbnb let me know what u think cuz thats what i was think in investing give a sum words on that. Dan lok?? Give me a response if u plz can if it gets to u ever!! Help on that question

  25. 1:50 he is talking about million dollar net worth or $200.000/year income to become an official accredited investor. You literally have to prove it that you have that, so probably 99.99% of viewers aren't qualified for that…

  26. You've just opened my eyes before I meet my investors to my startup! Thank you for your advice and I will use this word – YOU BUY ASSET!

  27. That "invest in yourself" % return piece of math blew my mind LOL. So true, I took a $200 course and it landed me a new job with a $10,000 annual salary increase. I never did the calculations like that.

  28. This guy is real, I've been watching and listening to a lot of his videos and you know when some is bullshitting and when they're real. Thanks Mr. Lok for all your valuable info, even the JKD videos.

  29. I'm a small investor, i don't consider me yet an entrepeneur.I started my business with small expectations, and in some cases that is the best way to deal with potential failure.

    In the first months you should listen more than talk, you would be surprised with the useful tips and opinions your customers give you.You should talk less, even if you think you know a lot, customers are the best source for knowledge, listen to them.And i have some Dan Lok's tips encraved in gold in my mind like: the best quality of an entrepeneur is "to endure pain for a long period of time" or "don't start a business if you need money like blood to your veins".First 6 months as Dan says ,are to research, learn, mature, if you are going to quit cause you don't have profit inthe first 3 months you will fail.I know there are exceptions, some might get lots of profit in a few months but that's the EXCEPTION.
    Then in the 6 month or later you will know what to do, or buy to sell better and faster, you will have some profit and at the same time you'll have to balance with investment, because having more to sell will increase the chances of selling (if you know what your customers want).i'm in the 6th month, i have some faithful clients, i know what sells, what people want, and this is the first step to be successful.Trying to skip these steps will end in failure.So be ready to endure some pain for quite some time.But in time it will pay off.

  30. Thanks very much more than this so good idea but you πŸ‘ŒπŸ‘ŒπŸ‘ŒπŸ‘ŒπŸ‘ŒπŸ‘ŒπŸ‘ŒπŸ‘ŒπŸ‘ŒπŸ‘ŒπŸ‘ŒπŸ‘ŒπŸ‘ŒπŸ‘ŒπŸ‘ŒπŸ‘ŒπŸŒ·πŸŒ·πŸŒ·πŸŒ·πŸŒ·πŸŒ·πŸŒ·πŸŒ·πŸŒ·πŸŒ·πŸŒ·πŸŒ·

  31. Hey Dan what is six figures in bussiness exactly ?I saw most of the people saying six figures ur reply would be appreciated

  32. the stock market has been immensely profitable. i always make huge profits in my stock investment with Pat Brown as my trader

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