This has to be one of the most requested video topics I get, especially for the people just starting out. This $1000 amount should give you a head start in whatever you do and begin the foundation to you making a lot more money. Feel free to add me on Snapchat/Instagram: GPStephan
Let me first preface this by saying that it really depends WHAT you want to do and what your situation is. I’ll give you my own recommendations, but ultimately your own situation will dictate what’s actually best for you. If you want to start a business, I’d likely give you different advice than if you want to invest long term in something passive. So I’ll try to cover as much as I can.
My first and biggest piece of advice for anyone, no matter what you want to do, is to use that $1000 to invest in yourself. This will likely give you the highest return on investment. I’m not talking about spending it all on a $997 course, but use it towards good books - use it towards learning, taking seminars, taking some courses or classes, and expanding your knowledge about what you want to do. Investing in yourself is a good idea no matter how much money you have and would be the pinnacle of what will generally get you the highest ROI.
My second piece of advice is for someone who wants to start a business. I’d recommend using that $1000 to get you towards starting that business you want to do. If you want to develop a website, use that money to start the website. Want to start an app? Use that money to start an app. Do you want to do something online but don’t have a computer capable of doing it? Use that money. If you want to wholesale real estate, use that $1000 towards marketing materials. Figure out what you want to do and see how you can stretch your $1000 to make your business a reality. Even if it fails miserably and you lose your $1000, I promise that will be the best learning experience of a lifetime. That $1000 mistake will be worth way more firsthand than any college class could ever teach you.
My third piece of advice is for someone who wants a more stable, long term investment they can pretty much just forget about to give them some passive returns. In this case, I’d highly recommend a low-fee index fund, like what Vanguard offers. They have several funds with $1000 minimums that should get you a good head start on investing long term. You can also get a ton of diversification depending on what fund you go with and this would give you a solid foundation for investing. You’ll also learn some background about index funds and diversification in long term investing.
My fourth piece of advice is for someone who wants to learn the stock market and doesn’t mind putting their money in riskier investments. With this, you can trade individual stocks and you will learn a TON by trading firsthand. The downside is that commissions will eat you alive when you’re making regular trades. BUT, it’ll be an amazing learning experience. You can do the same with cryptocurrencies and I’m sure it would be an equally good learning experience. Just understand the risks involved.
The whole purpose of this first $1000 should really just be to use it to jumpstart whatever it is that you want to do. Because lets be real, $1000 is not a lot in the bigger picture. However, $1000 should be enough to start moving you in the direction to begin making $10,000…then $100,000…then a $1,000,000. It’s about creating a foundation that supports you to continue making even more money. It’s not about maximizing your returns at this level, it’s about creating learning experiences at this level where losing 10% costs you $100 vs losing 10% on $100,000 costs you $10,000. The mistakes you make on this level will be avoided when you begin doing things on a much larger scale.
For business inquiries, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Let me first preface this by saying that it really depends WHAT you want to do and what your situation is. I’ll give you my own recommendations, but ultimately your own situation will dictate what’s actually best for you. If you want to start a business, I’d likely give you different advice than if you want to invest long term in something passive. So I’ll try to cover as much as I can.
My first and biggest piece of advice for anyone, no matter what you want to do, is to use that $1000 to invest in yourself. This will likely give you the highest return on investment. I’m not talking about spending it all on a $997 course, but use it towards good books - use it towards learning, taking seminars, taking some courses or classes, and expanding your knowledge about what you want to do. Investing in yourself is a good idea no matter how much money you have and would be the pinnacle of what will generally get you the highest ROI.
My second piece of advice is for someone who wants to start a business. I’d recommend using that $1000 to get you towards starting that business you want to do. If you want to develop a website, use that money to start the website. Want to start an app? Use that money to start an app. Do you want to do something online but don’t have a computer capable of doing it? Use that money. If you want to wholesale real estate, use that $1000 towards marketing materials. Figure out what you want to do and see how you can stretch your $1000 to make your business a reality. Even if it fails miserably and you lose your $1000, I promise that will be the best learning experience of a lifetime. That $1000 mistake will be worth way more firsthand than any college class could ever teach you.
My third piece of advice is for someone who wants a more stable, long term investment they can pretty much just forget about to give them some passive returns. In this case, I’d highly recommend a low-fee index fund, like what Vanguard offers. They have several funds with $1000 minimums that should get you a good head start on investing long term. You can also get a ton of diversification depending on what fund you go with and this would give you a solid foundation for investing. You’ll also learn some background about index funds and diversification in long term investing.
My fourth piece of advice is for someone who wants to learn the stock market and doesn’t mind putting their money in riskier investments. With this, you can trade individual stocks and you will learn a TON by trading firsthand. The downside is that commissions will eat you alive when you’re making regular trades. BUT, it’ll be an amazing learning experience. You can do the same with cryptocurrencies and I’m sure it would be an equally good learning experience. Just understand the risks involved.
The whole purpose of this first $1000 should really just be to use it to jumpstart whatever it is that you want to do. Because lets be real, $1000 is not a lot in the bigger picture. However, $1000 should be enough to start moving you in the direction to begin making $10,000…then $100,000…then a $1,000,000. It’s about creating a foundation that supports you to continue making even more money. It’s not about maximizing your returns at this level, it’s about creating learning experiences at this level where losing 10% costs you $100 vs losing 10% on $100,000 costs you $10,000. The mistakes you make on this level will be avoided when you begin doing things on a much larger scale.
For business inquiries, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
OG graham videos are the best
just found your channel and decided to go for your old vids to learn something cause your new ones are so clickbaity with the titles
Wow good job sir 👍
graham looks weird back then haha
“SunCor Financial MPI review” "
I make huge profits on my investment since i started trading with Mrs Stacie Morgan, her trading strategies are top notch
i am investing to watch youtube videos and online courses
also i started investing on stock market and I started with 10 k euro and already loss 3500 euro but Im keep learning from my mistakes
also I learned from my mistake on GME and AMC and EXPR
about hype and going up and down
i am happy to subscribe your channel and learn every day by day
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Hey guys of late I started trading with Robert_uptowntradess 0π ïnstå and all I can tell you is how I have been enjoying he's knowledgeable and well experienced and trading skills. that's is a fact.
Hi
What do you think I should buy the stocks curses with 1000$ or I should invest in stocks and do it practice to learn?
What's this
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How much time do you spend on learning? I know it’s wise to spend 10% of your income on buying learning programs and courses, but does the same go for the time invested on those programs? Should I take 10% of my waking hours, 11.2 hours a week? Or should it be more? Or less? I’m looking forward to getting a response from you some time. If you could hurry up that’d be great!
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What do you guys think about the Robinhood app for small time investing?
How would you define the difference between investing and speculating?
What if you have been an artist your whole life (actor, dancer, voiceover) and you have sunk thousands of dollars in marketing yourself and you have maybe only made a $1000 over 25 years? And you feel like an idiot that you keep chasing the dream but it really is what you want. And you work low paying disposable jobs like waiting tables to make yourself always available for auditions for more rejections. And you know you should get a “real job” already but you have no idea what because for so long it’s been about chasing the dream and dumping all your money into marketing yourself to get no where. So what’s next? How do you not give up on the dream and find a better survival job that is not waiting tables? Do you go back to school? I mean if I am going to save like a beast and become a real estate investor then I need to make a mean salary and be in charge so I can take a long lunch for an audition? I feel like I’m running out of time cause I am in my 40’s but I feel like I’m 21 and can’t pick a damn major lol. I actually like too many things but they are all tied for 2nd to my art so it’s hard to decide, feels like it’s robbing time from my art and loved ones. My head is spinning. Asking for advice.
I invest in myself at least 2-3 times a day. If ya know what I mean 😉 you know… reading and watching how to videos on investing $1000. Am I right!?
Music feels like GTA5…lol
Trueee. Hah, Rich dad Poor dad for sure. To be financially smarter. Yay more old videos. -TM
How did this video get dislikes?! This is almost mentorship! Should get a like for the comment section alone
Wow this is my first time watching a video that wasn't filmed in your setup
Invested in myself by researching crypto and made me retire! buy and hold …and create an exit strategy….XRP will overtake bitcoin
What books would you recommend for investing?
Best real state YouTuber. Straight to the point and most important he doesn't try to sell you anything!!
Once again Graham you keep it 100%I did buy the book buy it rent it profit by Bryan M chavis I'm still working my nine-to-five but this was one of the Investments in myself like you said invest in yourself I'm just saving my money for least 20% down on something if you have any more good advice for me I will greatly appreciate it thank you
I never thought of investing on myself, but now it’s made clear 🙂
As a real estate investor what do you think of air bnb? also what do you think of companies that flip houses? buy houses then fix them up and re-sell them at a hgher price.