How To Build Wealth With $0 - The Easy Way

0:00Propel Fitness Water With Gatorade Electrolites, Zero Sugar, and Vitamins, Propel hydrates better than water to help you get the most out of your workout and get back to your best self. What propels you? Propel with Gatorade Electrolites. When you need to build up your team to handle the growing chaos at work, use Indeed Sponsor Jobs. It gives your job post the boost it needs to be seen and helps reach people with the right skills, certifications, and more. Spend less time searching and more time actually interviewing candidates who check all your boxes. Listeners of this show will get a $75 sponsor job credit at Indeed.com slash podcast. That's Indeed.com slash podcast, terms and conditions apply. Need a hiring hero? This is a job for Indeed Sponsor Jobs. Visible puts unlimited 5G data and hotspot in the palm of your hand, powered by Verizon's 5G network, with no contract holding you back. And for a limited time, you can get visible for just $19 a month for 12 months when you use promo code Save6.

1:01All the features of Big Wireless Service, for half the cost. Tap the banner to switch today. Terms apply, Standard Rate applies at month 13. See visible.com for plan features and network management details. A lot of people aren't gonna like this one, but making millions doesn't have to take you decades of hard work. Sure, being a millionaire in your 50s is all right, but being a millionaire when you're younger is far better. Take it from someone who's experienced both. And no, I wasn't born into a rich family, quite the opposite. The odds were stacked against me. I was a ginger, were a class kid, without a penny to his name. So if I can build wealth in a relatively short amount of time, then you can too. This isn't gonna be one of those generic videos about investing in index funds and getting rich when you're old and gray. I'm gonna be taking you through the actual moments in my life where I uncovered the truth behind building wealth from nothing. From the moment you stepped foot into school, they tried to control your ambition.

2:01And one memory that stands out to me was sitting in a lecture theater just like this one. The teacher asked us to write down, our dream job, our dream car, and our dream house. I was really excited. So I wrote down business owner, Ferrari, and Manchin. She then said, life is gonna be tough. So I'm gonna break the hard news to you now. You're probably gonna have none of those things. So be realistic and lower your expectations. I thought to myself, of course I will. I'll have all of those things. And I've carried that attitude for the whole of my life. If you allow the system to crush your hopes and dreams, you'll never be able to create wealth from nothing. Look, this isn't some fluffy mindset BS. If you can't even believe something is possible, then how on earth are you gonna do the work required to become wealthy? Most people give into the pressure of being realistic and end up joining the crowd. And then they discourage the next generation from following their hopes and dreams. But you can decide to break the cycle

3:03just like me in that lecture theater. So if you wanna do this, then you first need to be very careful about who you listen to. I'm not just referring to those fake gurus on social media. I'm also talking about the people in your life who give their unsolicited advice. While your friends and parents may have good intentions, if they haven't built a large summer wealth, why would you listen to them when it comes to making money? Secondly, you need to learn to think from multiple angles when trying to solve problems. Most people will come across an obstacle that they've been told is impossible for them to conquer and give up at the first sign of trouble. The more you let these kinds of challenges beat you, the harder it is to break out of the herd as you're cemented to yourself that you aren't good enough. Whenever I come across a challenge, I think of at least 10 different solutions and then decide on the best way forward. If one doesn't work, then I just try the next one and so on until I'm successful. Thirdly, you need to step outside your comfort zone. Look, if Harry Potter stayed in the cupboard under the stairs,

4:03then he would never have defeated Voldemort. Sorry for the spoilers, but it's so true. Putting yourself in challenging situations helps you grow and improve more than anything else I've ever experienced. When I first joined the workforce as a cop, as a apprentice, I was so excited. It was the job I really wanted to do, but unfortunately, the manager took a bit of a dislike to me and he bullied me practically every day, given me all the rubbish jobs. I didn't know what to do. I couldn't take anymore. I came home that night, sat on my couch and I looked around the room and thought to myself, what have I got to lose? I've got no child or wife to look after. I'm 20 years old. I've got to make this decision. Sure, I'm scared of quitting a job. Of course you're scared, but I knew that was the best thing for me. So I quit the very next day. If you're young and have few responsibilities, it's a clear choice to take more risk to increase your income. Of course, I'm not suggesting that you're going to invest

5:05all your money in crypto. The risks should be calculated. Looking back, I didn't realise at the time, but the biggest risk in my life would have been staying at that dead end job. For me, increasing my income meant starting my own business. However, if this isn't for you, you could always start a side hustle or upgrade your job every couple of years. Studies have actually found that you're more likely to build well faster by job hopping rather than staying loyal to one company. However, if your goal is to build wealth as fast as possible and you decide to pick the employee route, then you need to choose a career that isn't dependent on how many hours you've worked, but on the results you achieve. After lots of hard work and many sleepless nights, I managed to open my model shop. It was a huge success. I was reinvesting all of my money in the business to help it grow that I didn't have time to think about investing. One day, I decided to take on a work experience land for two weeks. And on the first day, all he kept banging on about was stocks and shares.

6:05And I thought, what's that 14-year-old now about stocks and shares? Anyway, he mentioned this one particular stock that he said was going to go to the moon. He said, I've got 1,000 pounds, I'm going to pile it all in because I'm so confident. I thought, well, if he's that confident, I think I'll better have a little go myself. Two weeks later, I drove into the shop and I had a chat with that young lad and I said to him, do you know how much money you've made today? He said, but, Mark, I don't make any money. I'm on work experience. I don't get paid. I said, son, you've made 10 grand today because that share we've bought into has pretty much 10xed overnight and I didn't do too bad myself either. If you want to build your wealth, then you need to start sooner rather than later. The reality is, the longer you wait to start investing, the more difficult it's going to be because the more time you allow for your money to grow, the more money you'll eventually have. I mean, check out this study by Fidelity, which shows that if you miss the five best trading days

7:08over the past four decades, you'd have reduced your long-term gains by 30. Propel Fitness Water with Gatorade Electrolites, Zero Sugar and Vitamins. Propel hydrates better than water to help you get the most out of your workout and get back to your best self. What propels you? Propel with Gatorade Electrolites. When you need to build up your team to handle the growing chaos at work, use indeed sponsor jobs. It gives your job posts the boost it needs to be seen and helps reach people with the right skills, certifications, and more. Spend less time searching and more time actually interviewing candidates who check all your boxes. Listeners of this show will get a $75 sponsor job credit at nnd.com slash podcast. That's nnd.com slash podcast, terms and conditions apply. Need a hiring hero? This is a job for indeed sponsor jobs. Visible puts unlimited 5G data in hotspot in the palm of your hand, powered by Verizon's 5G network, with no contract holding you back. And for a limited time,

8:09you can get visible for just $19 a month for 12 months when you use promo code save6. All the features of big wireless service for half the cost. Tap the banner to switch today. Terms apply, standard rate applies at month 13. See visible.com for plan features and network management details. Eight percent, even worse, if you've missed the 10 best days, you'd have lost out by 55%. So I'd strongly suggest getting in the habit of investing your money for the long term in the stock market. But don't be as crazy as I was when I first started. Do your research and invest in the stocks you believe in long term. So what should you look for when deciding where to invest your money? Well firstly, when choosing an investment plan for, it's important to make sure it has smooth and easy to use chart features. You may think this isn't important, but I can't stress enough how many times I've struggled with clunky apps while trying to track the growth of my investments. Having a wide range of stocks and ETFs to invest in is also important for diversification

9:10and reducing risk. It allows you to spread your investments across different sectors and asset classes. Another thing I'd suggest to look for is paper trading. This feature allows you to experience the full investing process using virtual money. It's a great way to practice and refine your knowledge as well as test out new strategies all without risking any actual money. But if you do this, it's important to treat it like your real money. Otherwise, you'll start changing your strategies when it comes to the real thing and get completely different results. Weep all the sponsor of today's video are for everything we've just discussed and way more. So get up to 12 free fractional shares, each work up to $3,000 by clicking the link in the description and depositing any amount of money with Weep all US. Just as quickly as I've made my fortune, I could have lost it all. I was friends with one of the richest guys in the UK. He was featured in the top 50 UK Rich List, which is pretty impressive. And we used to go to his parties. He used to have these great firework parties that is mentioned. And while not a sat down at a coffee room,

10:11I said, how do you make this sort of money just from a business? He said, Pock, I don't make that much money from my businesses. I make money from leveraging my investments. And he said, I'm part of an investment group. And that group earns 30 to 40, and sometimes even 50% per year. You know, I sat down and I thought to myself, this sounds too good to be true. So there was no way I was going to get involved around two to three months later. That group went under. It took every one out because they were leverage. They lost considerably more than they'd actually got invested. This isn't even his house. He lost it all. Never invest in something you don't understand. And even if you do believe what you're investing in, don't put all your eggs in one basket. When you spread your investments out, we call this diversification. This is something I highly recommend you do because it reduces your risk exposure. When it comes to my stock market investments, I primarily focus on a strategy called the Three Fund Portfolio. This portfolio consists of three main components,

11:13a total US stock market index fund, a total international stock index fund, and a total bond market fund. These funds allow for diversification across different markets and asset classes, reducing risk while still providing the potential for long-term growth. In addition to my stock market investments, I've also diversified my portfolio, my investing in other assets, such as real estate, classic cars, and high end timepieces. This approach allows me to spread my investments across various industries and asset types, further mitigating risk and increasing the potential for good return. It's key to remember the importance of diversification, not only in investments, but also when making money. This is otherwise known as having multiple streams of income. My income sources include my physical shops, my distribution company, affiliate income, advertising revenue, stock dividends, and rental income from my various properties. I'm probably missing out a couple, but hopefully this gives you some ideas.

12:14So remember, when you're building your empire, constantly be thinking about how you can build different streams of income, so you can't be completely wiped out by one wrong decision, like my friend. If you want to know seven side hustles to avoid, then I'm going to leave that video right up there. Don't click on it just yet. Make sure to subscribe if you want to grow your wealth, okay? I'll see you over there. Close your eyes, exhale, fill your body relax, and let go of whatever you're carrying today. Well, I'm letting go of the worry that I wouldn't get my new contacts in time for this class. I got them delivered free from 1,800 contacts. Oh my gosh, they're so fast. And breathe. Oh, sorry. I almost couldn't breathe when I saw the discount they gave me on my first order. Oh, sorry. Namaste. Visit 1-800-contacts.com today to save on your first order. 1-800-contacts. Do you hear that? That's sound, right? That means that summer's officially here. It means that grown adults just sprint into the street for a frozen dessert shape like a cartoon.

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