Do THIS To Become A Stock Market Millionaire

Do THIS To Become A Stock Market Millionaire

everyone gives the same stock market pitch if you just invested $100 a month into the stock market for 46 years you will retire a millionaire but there’s just a few problems with that number one is how do you actually invest your money number two is what if a million dollars isn’t enough for you and number three is what if you don’t want to wait until you’re 70 years old to retire that’s why in this video I want to go a little bit deeper going over step by step what you need to understand that way you can become a millionaire in the stock market and choose success that you want in the stock market by going over four things number one is how do you find the right stock market investing strategy for you because unfortunately most people have no strategy when it comes to putting their money into the stock market they’re just trying to find the next hot stock without having any clue of what their goals are number two is how do you find the right actual investment to purchase in the stock market number three is how do you actually execute on the strategy and then four Once you figure out how to execute how do you scale your strategy to see the success and the wealth that you want out of the stock market so let’s Dive In by starting by talking about number one which is figureing out the right strategy for you in the stock market and I do want to let you know that on May 21st at 8:00 p.m. eastern time I’m hosting a live free and virtual stock market Mastery Workshop where I’m going to be going over how do you actually invest your money in the stock market and how I invest my money in the stock market how do I go through these same questions for myself and how you can build wealth in the stock market in this economy today in 2024 so if you’d like to join me this is a completely free Workshop it is going to be live there’s going to be a Q&A at the end I got the link to how and join and register for this Workshop down in the description below now when it comes to you picking the right investing strategy the first thing you want to remember when you’re investing in stocks is you’re really not just investing in a stock you’re investing in a company because a lot of times when people think about investing they’re thinking about I’m just going to put my money into this ticker symbol and I’m going to hope that this ticker symbol goes up but what you have to remember is what are you actually buying when you’re buying that ticker symbol you’re buying a piece of ownership in a company so if you really want to be an investor not a Trader because most people are Trad ERS when they think about putting their money in the stock market I want you to be an investor an investor is somebody who’s buying ownership in a company because they believe in the long-term vision and the long-term potential of this company a Trader is somebody who’s putting money into this ticker symbol and they’re hoping that the stock is going to go up in the next week in the next month or in the next six months I want you to be a long-term investor because over the long term this wealth that you can build as an investor will vastly outpace the amount of money that you can make as a tra now investing is not as attractive as trading but you can make a lot more money as an investor than a Trader but that requires you to have the patience and the financial discipline to be an investor now when you’re trying to make this decision of what it is that you’re invest and the next thing that people try to figure out is well what stock should I buy what’s going to be the next Amazon what’s going to be the next Nvidia but you might not have to find the next Amazon or the next Nvidia or the next Tesla in order to make money in fact sometimes all you got to do is put your money into the stock market and I’ll tell you why because what ends up happening to a lot of people who are trying to find the next hot stock is they don’t know how to research their company because if we go back around a decade or so ago one of the hot companies out there that was innovating that was beating their competition was none other than Bed Bath and Beyond Bed Bath and Beyond was beating estimates they were buying out their competitors and they were the top dogs when it came to Innovation so if you believed in the long-term vision of Bed Bath and Beyond and you continue to invest your money into that company well today you would have nothing because now Bed Bath and Beyond is of course bankrupt the alternative to of course investing in an individual company would be to invest her money into a fund for example there’s a group called The SNP 500 which is a group of the 500 largest companies in the stock market and there are funds that will give you exposure to this S&P 500 so now instead of going out and trying to invest in these 500 companies you can invest in a fund that will give you exposure to these 500 companies it’s a little bit more of a set it and forget system now the advantage of this is that Bed Bath and Beyond was a part of the S&P 500 back when they were the Innovative top dog but then as they started to struggle they got kicked out of the S&P 500 which meant if you’re investing into a fund that was giving exposure to the S&P 500 you didn’t have to do anything bed breath and Beyond automatically got kicked out of that fund and it was replaced by another stock and this is where now what you have to decide is do you want to be the person who’s spending the time effort and energy to research the individual company and to keep up with the company and to keep investing in that company which is fine or do you want to be more of a set it and forget it investor and this is where I have two strategies when it comes to stock market investing that you can consider one is being an active investor and one is being more of a passive investor now when I say active investor I don’t mean that your trading stocks I mean that you’re investing in individual companies like Bed Bath and Beyond although that’s a bankrupt company but you’re looking for the individual company to invest in that’s what active investing is passive investing is you’re investing your money into funds things like the S&P 500 we now it said it and forget it now what I say is that 98% of America should be a passive investor because most people are not interested in putting in the work they don’t want to put in the time they don’t want to do the research and put in all that effort to research the right companies and then keep up with their companies but if you do that’s fine now you could pick a hybrid of these I personally am both I have a passive investing strategy and I have an active investing strategy where I’m looking for individual companies here and I’m also investing in funds here but you have to find what is the right strategy for you and then stick with it once you start thinking about if you want to be more of a set it and forgeted investor or if you want to be more of a I want to invest an individual companies investor the next question that you have to ask is okay if I want to be either one of these how do I want to get paid do I want to get paid through seeing the value of my stock market portfolio rise or do I want to get paid some cash flow from dividends and this is now a question that you’re going to have to answer for yourself personally I like cash flow the bulk of my investments are cash flow purposes I have a system I’ll tell you the different things that you can invest in here in the passive side in just a minute I have a system where every Wednesday money leaves my check-ins account and it’s automatically invested into my portfolio of funds I invest in ETFs so invest in these ETFs and the bulk of these ETFs are cash FL producing meaning they’re dividend pay pay ETFs that means every Wednesday why did I pick Wednesday because it’s in the middle of the week There’s No Secret Sauce here it’s just a random day that I picked but every Wednesday money is automatically invested into these funds which are buying me more cash flow so every Wednesday I’m buying more of these cash flow producing assets and then every quarter I get a dividend from these funds a dividend is a cash payment that a stock or a fund gives you just for owning the investment you don’t have to sell your investment to get paid you just have to own the investment now in the beginning if you start Investing For dividends you’re going to get very little dividends unless you have hundreds of thousands or millions of dollars to start investing if that’s the case great but if you don’t well you’re going to start off by getting a little bit of dividends that’s how it works for most investors but if you stick with it if you keep investing money every time you get paid what you notice is that next year you’re going to make more dividends than this year the year after that you’re going to make more dividends than today the year after that you’re going to make even more dividends and 10 years from now you’re going to be able to have a substantial stream of income just through your cash flow because you kept investing in money and then the key is as you start to get those dividends you automatically reinvest those dividends to buy more cash flow producing assets so what happens for me is every Wednesday money leaves my check-ins account and it goes to buy me these ETFs most of them are paying me with cash flow then every quarter on top of my Wednesday Investments I get this dividend check and I take that check and it goes right back into my investments to buy me even more cash flow that’s how my passive investing works now for my active Investments some of these are me with cash flow some of these are more on the speculative side but my goal here is to invest in companies that I believe in for the long term but what you have to decide is you want to be investing for that type of cash flow or do you want to invest in companies and funds that you’re hoping are going to grow over the long term you got to make the decision based off of what’s right for you which brings me to part two which is what are the Investments that you can actually make let me start by talking about how to you analyze stocks on the active side then I’ll go into the passive side when it comes to this active type of investment if you want to make the decision of should I invest in hypothetically Amazon or not again I’m not telling you what to invest in I’m just giving you examples because I’m not a financial adviser but if you were trying to decide if you want to invest in Amazon or not what you have to do is is you have to ask is the CEO of Amazon a good CEO somebody that you would hire to run the company is it somebody that you trust are they creating a good product that’s innovating for the future do you think they’re going to have more value in the future and are they going to be more competitive in the future than they are today and then you also want to dig into the numbers so when you do this type of active research when you’re researching individual companies this is called fundamental analysis there are two different types of statements that you want to look at 10ks and 10 Q’s 10 Q’s are your quarterly financial statements your 10ks are your annual financial statements the annual financial statements are a little bit more substantial because these are audited statements as well and you can find this data either on a company’s investor relations page like right here is the Amazon’s investor relation page on their website or you can go to the SEC website like right here is the SEC website for Amazon and you can find the same data there now what you want to look for in these financial statements are three different things you want to look at the balance sheet the income statement and the cash flow statement these are the three main financial statements that every publicly traded company every stock in the stock market has to publish and what the statements show you is number one the balance sheet shows you the assets and liabilities now just like anything else what you want to take a look at here are does this company have more assets asss or more liabilities and if they have more liabilities is there a reason why they have more liabilities and what types of liabilities are these so this is going to involve some financial analysis on your part to kind of dive into what types of assets and liabilities this company has to see how much is this company actually worth the second thing I want to take a look at now is the income statement this is the profit and loss statement and now what you want to see is how much money did the company make Topline how much revenue did this company generate what are their expenses like and then what is the profit like from this company but not just that you also want to get an idea of the trends because if you see that this company’s expenses have been shrinking that might be a good sign if you see that the expenses have been rising year after year after year that might be a bad sign especially if their profits are shrinking now this is where I also want you to take everything with the grain of salt and dig in a little bit deeper into the analysis because sometimes what you’ll see happen is a company will have Rising expenses and shrinking profits because they in investing more aggressively back into the company they’re purposefully taking money out of the profits to invest back into the company to hire people because they want to reinvest into new divisions and they want to make smaller profits now that way they can grow bigger in the future that might be a good sign and this is where you’re going to have to do that sort of analysis and to listen to the company’s earnings calls and understand where are they spending their money look into the numbers to see where they’re spending the money and then see why they’re spending their money in that way then you also want to take a look at the cash flow statement and what the cash flow statement shows you is the flow of cash through the company and this is right now what you want to look for is again what is the company doing with their cash are they making smart decisions with their cash or are they not now this is a again very deep analysis we’ll go deeper into this on my stock market Mastery Workshop but this is where what you have to start to look at is are the companies that you’re researching a good company do you like how they’re using their finances do you like the product and is it a good stock price or not and if it is a good stock price then you may want to consider buying if it’s not a good good stock price then what you have to do is identify what is a good stock price for this company for it to be worthwhile investment for you this is the active investing and I understand it’s a lot more work than just finding a random company on Reddit and then purchasing that but if you really want to be an involved investor and you want to make smarter decisions it helps if you have more financial education now again you don’t have to do this type of analysis in fact I think most people 98% of people shouldn’t have to worry about this because you can just do a set it and forget it system through passive investing which is now where you invest in funds this can be index funds ETFs or mutual funds and what a fund is there not you’re investing in a basket of companies instead of deciding if you should invest in Amazon or not what you’re doing is investing in a fund that gives you exposure to dozens of companies or hundreds of companies or even thousands of companies one of which might be Amazon and now it’s a set it and forget it system where every week every two weeks every month money is automatically invested into your fund and you don’t have to do anything it’s automatic and now you let the fund do its thing now there are a lot of different types of funds that you’re can invest in and this is where what you have to decide is what is the right fund for you and I will give you a few examples of some of the more popular ETFs again I’m not telling you what to invest in just a few examples starting here at the top vti is an ETF so if you go out and you buy one share of vti on whatever stock brokerage you’re using you’re buying this ETF which gives you exposure to the total stock market the entire stock market if you go out and you buy one share of Dia this will give you exposure to the Dow Jones Industrial Average you’ve probably heard that word before because it’s the most commonly talked about index or group of companies on the stock market well you can invest in the Dow Jones just by investing in ETF that gives you exposure to the Dow Jones you can go and invest in something like spy Spy if you buy this ETF this will give you exposure to the s&p500 a group of the largest 500 companies on the stock market by market capitalization now instead of be going and investing in all 500 of those companies you can just invest in one fund and it’ll give you exposure to those companies and if a company starts to go down this fund will automatically kick out the bad company and put in a new one you can invest in funds like QQQ this will give you exposure to the NASDAQ you can invest in funds that give you exposure to something like spyd for you cash flow investors that want to invest in dividends spyd gives you exposure to the s&p500 but only companies that pay out dividends so dividend paying companies in the s P 500 if you want to invest in cash flow now there are many many many did I say many many different types of funds ETFs index funds and mutual funds that you can invest in and we just got to decide is what is it you want to invest in these are some of the most popular there are funds that will give exposure to real estate there are funds that will give you exposure to Health Care there are funds that will give you exposure to Innovation there are funds that will give you exposure to Emerging Markets you just have to decide what it is that you want to invest in and then find the right funds for you but the key here is you want to have a set it and forget it investment strategy which br brings me to number three execute now this one is a lot of psychology when it comes to investing because a big factor that holds a lot of people back from investing is what happens if I lose what happens if the stock that investing Goes Down And there are some things that you can do to help mitigate some of this risk number one is don’t invest money that you’re not comfortable losing number two is understand that you will lose money not that you might that you will lose money number three is have a long-term investment mindset because if your goal is to invest your money for 6 months oh my you’re going to go through a lot of emotional stress and the goal here is to become a long-term wealth building investor and that means you can’t have such a shortterm mindset if you want to be an investor now starting with number one which is don’t invest money that you’re not willing to lose it’s very painful when I get messages from people saying just PR I invested some money into the stock market and I need this money to pay for X Y and Z I need this money to pay for my house I need this money to pay for my mortgage I need this money to buy groceries but I’m down on my portfolio what do I do and what you have to understand is your investment money is separate from your spending money right if you’re working a job right now you got to have your income going into some of your investment money some of your saving money and some money can be spending you don’t want to use your investment money to spend when you run out of your spending money they’re completely separate your investment money is what’s going to allow you to become wealthy but you don’t want to come in and just start spending money that you’re not comfortable losing but you also want to have a long-term mindset because the reality is the stock market crashes the stock market goes goes up and down it’s a part of our economic system we have seen a stock market crash happen every decade for the last century another stock market crash will happen when I don’t know but we know that this will happen it’s a part of our economic system and so now when you are in this mindset that my portfolio has to always go up you are going to be in a world of mental torture because when you see your portfolio on the red for the first time you’re not going to be able to handle it and then you’re going to end up selling your investment at a huge discount and that someone else is going to be able to buy it from you at that discounted price and this is where what you have to remember is you want to be a long-term investor and you have to know your strategy so if you’re passively investing your money into the stock market if you’re passively investing your money into a broad portfolio then when markets go down instead of selling you want to use them as opportunities to buy more if you are actively investing and you see markets go down now what you want to do is be picky with the companies that you’re investing in because obviously you don’t want to invest in the company on the way to bankruptcy but you want to do your research but if you see a good opportunity that’s the time where you want to be even more aggressive and likewise when markets are going up this is where you want to be pickier you want to be a little bit stricter because what ends up happening unfortunately is the opposite when markets are going up people assume that nothing bad can ever happen so they start just dumping money in because they think everything’s going to continue going up and I just want to ride the wave but when as soon as you start chasing the stock market that’s when you’ve already lost because that’s where now a lot of people start taking the profits and again the stock market is emotional once people realize that the stock market is overvalued you can see a turn around and you can lose your profits very quickly and this is where the key is to know your strategy if you are a passive investor just stick with your system whether the Market’s up or down if the Market’s crashing you keep sticking with your system if the market is rising you keep sticking with your system in fact the only change you really want to make is if the market is crashing that creates an opportunity for you to buy more if you’re actively investing you got to be picky especially in boom markets you got to be pickier with the Investments that you make and you want to keep some cash aside that way if something bad were to happen you have money to be able to capitalize investment opportunities because you can see the greatest investment opportunity in the world but if you don’t have any money to capitalize on it it doesn’t do you any good and this brings me to point number four which is scale because in the beginning of this video I talked about how if you know what you’re doing you can control how much success that you’re going to see out of the stock market and I want to address that here because at the end of the day there are only a few things that will determine how successful you are in the stock market I call them trm time return and money number one is time the longer your money is invested in the stock market the wealthier you can become number two is return the better returns that you can get the faster your money can grow the wealthier you become and number three is money the more money you invest the wealthier you become now the one factor out of trnm that we can’t control is T time we can’t go back back and start investing 2 years ago but we can start investing today so we can’t go back in time we can’t control that which means we can control the r and the m and the trm which means we can control the return and the money now when it comes to return what you have to understand is risk and return go hand inand active investing investing individual companies is riskier than passive investing but that also means that active investing comes with higher potential returns and so now if you in a situation and you’re trying to decide how can you get better returns well then maybe you want to consider taking on some more risk one way to do that is by investing in different types of funds another way to do that is by considering to actively invest your money but if that’s not for you then the third thing that you can take a look at is the m the money side of how much money you invest and the reality is the more money you have to invest the wealthier you can become now I want you to understand this very carefully what you have to understand and not get confused with is people assuming that you just need a big income to become wealthy that’s not true it’s what you do with the money you make not just how much money you make that determines how wealthy you’ll become but the big mistake now is you can make a lot of money and spend all that money and look rich but have no wealth and that doesn’t do you any good the way you become wealthy is you start investing your money and then you realize that if I invest my money I can become wealthy and then you work to earn more money not just so you can drive nicer cars and live in bigger homes but so you have more money to invest and if you do that where now you’re working to earn more money on one hand you’re working whether it’s in your business or your job to earn more money now when you have more money to dump into your Investments now you can become wealthier sooner and achieve a larger portion of wealth because instead of investing $100 a month you can invest $1,000 a month maybe you can invest $3,000 a month maybe you can invest $10,000 a month depending on how much money you’re earning but if you can earn more money you have more money to put into the market and just naturally if you can put more money in more money can work to grow on compound to generate you dividends to generate you growth but that requires you to earn more money now earning more money is a whole different skill set but what you have to understand here is that when it comes to scaling your Investments once you know how to execute once you know what your investment goals are once you know what your strategy is now it’s all about figuring out how do you want to scale is it the t r or M you can’t change the T besides starting sooner but you can change the r and the M you can change the return and the money those are the things that you have in your control that will allow you to scale how much wealth you build and if you want to build more wealth you got to figure out are you going to be working on generating higher returns and or are you going to be working to invest more money because this is where ultimately your wealth is going to be built you’re not going to build wealth by saving money you’re not going to build wealth by earning a big salary you can build wealth by investing your money but you have to actually put your money to work and the more money you put to work the wealthier that you can become when Spotify comes out and they announce that they’re going to raise prices for their services for the millionth time what happens well naturally it makes their customers very angry because now I have to pay more money to listen to stuff on Spotify but on the other end of that same coin that very same news is making somebody very rich you can see how this triggers people

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DISCLAIMER CONT’D: I’m just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet’s opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.