14 lezioni DI INVESTIMENTO che ti apriranno gli occhi da 66 LIBRI [per principianti]

Summary

The video shares 14 key investment lessons learned from reading 66 books on money, investments, wealth, and finance. It emphasizes that the best initial investment is in learning a new skill, as personal growth can lead to significant returns. The importance of financial freedom over wealth is highlighted, with strategies for passive income generation and the value of time in investment decisions. The video also addresses common investment misconceptions, the power of compounding, and the significance of low fees and diversified investments in long-term financial success.

Takeaways

• 📚 Invest in Yourself: The best investment you can make initially is in learning a new skill, as it can lead to greater success than traditional investments like stocks or real estate.
• 💡 Focus on Growing: Like businesses, individuals should focus on growth by investing in skills and abilities that are in demand and personally interesting.
• 🚀 Apply Knowledge Practically: Dedicate time daily to learning and apply the acquired knowledge in real-life situations through freelance work or internships.
• 🌟 Financial Freedom First: Aim for financial freedom before wealth accumulation, as it allows you to generate passive income to cover your expenses without the need for traditional work.
• 🔄 Understand the True Value: Recognize that financial freedom means not having to work another hour for the rest of your life, freeing you to invest in wealth-generating activities.
• 💸 Start Small and Save: Even with a small income, you likely earn enough to start investing. Focus on saving and increasing income rather than solely on investments.
• 🎯 Invest in Your Time: The value of an hour of your time can be significant when investing. Consider the time spent on non-essentials and redirect it towards investments.
• 🤖 Automate Savings and Investments: Automate your financial decisions to ensure consistent saving and investing without the need for constant decision-making.
• ⏳ Start Early: Delaying investment plans can significantly impact your long-term gains. The earlier you start, the more time compound interest has to work in your favor.
• 📉 Accept That Not All Investments Will Succeed: Adopt a long-term strategy and understand that not all decisions will be successful. Focus on the overall growth rather than individual failures.
• 💳 Paying Off Debts: Consider paying off high-interest debts as a lucrative investment, as it effectively yields the interest rate of the debt.
• 🚀 Long-term Index Fund Investing: Invest in broad index funds that encompass a wide range of companies, essentially betting on the future development and success of humanity.

Q & A

What is the best investment to make with your first €1000 according to the video?

The best investment to make with your first €1000 is to invest in learning a new skill, as it can lead to greater success than investing in the stock market, Bitcoin, or real estate.

How does the speaker suggest one should approach personal growth and investment?

The speaker suggests viewing oneself as a company, with personal income and expenses, and focusing on growing personally rather than just financially. They should invest in skills that are well-paid, in demand, and of interest to them.

What is the main goal of investment according to the video?

The main goal of investment should be financial freedom, not just becoming rich. Financial freedom means not having to work another hour for the rest of your life because you have enough passive income to cover all your expenses.

How does the speaker suggest one should start investing with a low income?

The speaker suggests that even a small amount like €3 per day can be sufficient to start investing. One should look at their daily expenses and eliminate unnecessary spending to save for investments.

What is the importance of time in investment according to the video?

Time is crucial in investment as it allows for compounding to occur. The earlier one starts investing, the more time the investment has to grow, leading to potentially higher returns in the long term.

How does the speaker feel about the 80/20 rule in investments?

The speaker acknowledges that the 80/20 rule applies to investments, where 80% of results come from 20% of efforts. They note that even successful investors like Warren Buffett have most of their gains from a small percentage of their investments.

What is the impact of a 1% commission on long-term investments?

A 1% commission can make a significant difference in long-term investments. The speaker provides an example where a 1% difference in commission over 30 years leads to a €18,000 difference in gains.

What advice does the speaker give about avoiding financial scams?

The speaker advises to be skeptical of investments that seem too good to be true. They emphasize that successful investors are generally conservative and prefer to build wealth slowly rather than rushing into risky opportunities.

Why does the speaker suggest paying off high-interest debt as an investment strategy?

Paying off high-interest debt is like investing in something that gives you a return equal to the interest rate of the debt. For example, paying off a debt with a 15% interest rate is like investing in something with a 15% return.

What is the speaker's view on investing in index funds?

The speaker initially had difficulty accepting the common advice to invest in index funds, but after understanding that investing in a broadly diversified index fund is essentially investing in the future development of humanity, they decided to follow this strategy.

How does the speaker advise one to select financial advice?

The speaker advises to be cautious of financial advice from people who work for a company and are paid by it. Instead, one should seek advice from those who have personal experience and success in the investments they recommend.