Focus MORE on Investing In Yourself And Building A Solid income before Worrying About Crypto, Stocks, Real Estate.

It seems to be a very common trend amongst a lot of people nowadays to be on the hunt for the investment the requires barely any money with the hope of it turning into a big profit.

Does this happen? Yes it does but it’s a huge gamble and I don’t recommend it.

Index funds and real estate are usually the 2 most recommended forms of traditional investing outside of the old and outdated “put money in your savings account”

Whilst these are 2 great strategies, they will require an extremely long term strategy and mindset because they both offer stable but low ROI. I’m talking about having a 20+ years mentality.

I’m all for having a long term mindset when it comes to investing but I’m not really trying to wait until I’m 60+ years old before I can finally enjoy riches. Which is why I usually recommend a better alternative strategy.

If you are just starting out , don’t be so worried about index funds, crypto and real estate. 95% of your energy should be going towards “what can I do to increase my active income”

This is what will make investing so much better for you when you do start investing. I’ll explain why later.

Find something which has a great earnings potential. I’ve already made a post on skills and trades you can get into if you don’t want to go to further education. Even if you spent an entire day just google searching this, I’m sure you’d see a lot more options.

The reason why I recommend increasing your earning potential is because when you have a higher amount of money to invest with, you will see a higher amount of profit in a shorter time period.

For example, you could spend a year learning to code.

The skill of knowing how to code (or being good with computers and softwares in general) is highly sought after, meaning you will have a rewarding salary for the skill.

You do not need a degree to make a high income in todays day and age, there are 12-24 month courses (some shorter, some slightly longer) that will allow you to step foot into a high earning field of work.

Or if you are an entrepreneurial person, you could use the high income to fund your entrepreneurial vision.

You will see a much higher ROI from doing this than putting £1,000 into index fund and getting a £100 rerun a year. Or putting £1,000 into some crypto project and praying it does well so you don’t loose everything.

Before I got into index funds and crypto, I was already earning £10,000 a month consistently.

I have a business in Africa which sources utilities for real estate projects. I didn’t start this from scratch, I bought this off someone who was retiring and didn’t want to be the main owner anymore.

So this is why I’m now in a position where I can throw away £15K in crypto, loose it cuz of scammers and not loose sleep over it. Whereas there’s people who are putting in their hard earned summer job money into crypto with the hopes of it going up by 1000x.

This is not smart.

Focus MORE on making money. Get yourself into a field of work where you can make above £50,000 at least.

You could work a job, get the experience, stack money from that job, then start your OWN business and have YOUR own workers and making way more than whatever your employer is currently paying you.

Once you have a higher source of income, now you can start playing around with index funds, crypto or real estate if you wish to. This is because you have a bigger buy IN power, a higher amount investment will let you see a much higher return in a short time period, you won’t have to wait until you are 65 years old to become a millionaire.

Investing is good, I’m all for it, but it shouldn’t be the main thing you are worried about in the beginning of your wealth journey. Focus more on MAKING money.

There are people who will say “just cut out netflix and Starbucks and invest that £50 a month instead”

That’s rubbish advice and I can guarantee you that those same people have a high income from providing some kind of product or service.

This isn’t to discourage you from investing, you can. But if your income isn’t high, then don’t spend your time wondering about what’s the next best investment or how you’re gonna tackle the bear market lol.

Focus more on increasing your active income.