$50 into these 3 STOCKS will Surpass Your Full Time Job

Summary

In this video, the speaker explains how anyone can start building wealth with just $50. By investing in familiar stocks and ETFs like Amazon, Disney, and Schwab U.S. Dividend Equity ETF, small, consistent investments can lead to significant financial growth. The speaker shares personal success stories, including a coaching client's $300 profit from a single trade, to demonstrate the power of smart investing. Emphasizing patience and consistency, the speaker shows that with time, anyone can increase their investment, gradually achieving financial independence and wealth without needing large sums to begin.

Takeaways

• 😀 Start building wealth with as little as $50; consistency is key.
• 😀 Amazon is up 40% this year, making it a solid investment for your $50.
• 😀 Disney is also a strong choice, having gained 20% in the past three months.
• 😀 You don’t need to start big; even small, regular investments can lead to significant growth over time.
• 😀 The goal is to gradually increase your investment contributions as your wealth grows.
• 😀 Focus on everyday products and companies you already use, like Amazon and Disney, for investment opportunities.
• 😀 Consider dividend-paying ETFs, like SCD, to grow your investments steadily.
• 😀 Small, consistent investments can compound over time, increasing your wealth even without a large initial sum.
• 😀 Patience and risk management are key to making consistent profits in the market.
• 😀 Start with $50, and as you pay down debt or increase income, consider scaling up to $100, $250, or more.
• 😀 The journey to wealth is achievable by starting small and being consistent, even with limited resources.

Q & A

How much money do I need to start building wealth according to the video?

According to the video, you only need $50 to start building wealth. The key is consistency and reinvesting your profits over time.

What are some examples of stocks or investments to consider when starting with $50?

The video suggests investing in Amazon (AMZN), Disney (DIS), and Schwab's SCD Dividend Equity ETF (SCD). These companies and ETFs are familiar to many people and offer potential for growth.

Why is it important to invest in things you're already familiar with?

Investing in familiar companies, like Amazon and Disney, is easier because you understand the products or services they offer. This knowledge helps build confidence and makes it easier to track your investments.

How can I scale my investments over time?

Start by investing $50, then increase your investments as you see profits and free up more money. You can gradually raise your contributions from $50 to $100, $200, and beyond, as your financial situation improves.

What does the speaker mean by 'don't overstay your welcome' in the context of trading?

'Don't overstay your welcome' refers to taking profits when you can and not holding onto a position too long in hopes of further gains. It's important to manage risk and secure your profits before the market turns against you.

What is the main strategy for wealth building presented in the video?

The main strategy is starting with a small, consistent investment (like $50), then reinvesting the returns to gradually grow your wealth. Over time, as you increase your investment, your returns can multiply.

How does the speaker use their own experience to encourage viewers?

The speaker shares their own journey of starting small with investments and growing their wealth through consistency. They explain how they moved from $50 investments to accumulating large numbers of shares, emphasizing that starting small is still effective.

What is the importance of dividend stocks or ETFs in wealth building?

Dividend stocks or ETFs, like Schwab's SCD, are important because they pay regular dividends, which can be reinvested to buy more shares, compounding wealth over time. This passive growth is crucial for long-term wealth building.

How does managing risk play a role in the wealth-building process?

Managing risk is crucial to ensure you don’t lose too much of your initial investment. The video advises making calculated moves, taking profits when available, and avoiding the temptation to hold onto risky positions for too long.

What does the speaker mean by saying 'most people see the end result, very few consider the journey'?

The speaker is emphasizing that while many people focus on the end result of wealth (the large amount of money), few people understand the consistent effort and small, disciplined steps it takes to get there. The journey is about persistence and smart decision-making over time.