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Dan Lok Show

Investing For Beginners - How To Get Started

Dan Lok Show

Dan Lok

Careers, Management, Entrepreneurship, Business

4.8826 Ratings

🗓️ 25 December 2023

⏱️ 6 minutes

🧾️ Download transcript

Summary


What should you invest in? That's too big of a question. Investing as a beginner can be very confusing, in this video, Dan talks about the best steps to get your start as an investor.


In this insightful episode, Dan breaks down the essentials of investing, demystifying the complexities for beginners. Whether you're a recent graduate, a young professional, or just someone looking to make their money work for them, this episode is your ultimate guide to entering the exciting realm of investments.


Experience Dan Lok Live! Join our upcoming SMART Challenge and discover how to turn your business into a self-sustaining asset.


Click here for more info.

Transcript

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0:00.0

You want to start having our money work for us.

0:21.6

When would you recommend for someone to start investing?

0:25.8

And what would you recommend to invest in exactly and why?

0:29.5

And how would you feel about creating a training on investment?

0:34.2

Okay, good question.

0:35.1

So I would say, and this doesn't matter like what you do and what career, it really doesn't

0:43.3

matter, right?

0:44.3

Because how we make money, there's so many different ways to make money, right?

0:48.3

So the first goal, it's earning through our own skills, our own abilities, using a high income skills, is to become an

0:56.4

accredited investor. That's the first goal, right? Because until you become an accredited

1:01.6

investor, right? You're investing things that most people invest in. Nothing wrong with that. Like,

1:07.2

you can buy, you know, index fund and which and which is it's good but you don't get

1:10.8

into the more exciting stuff right legally they like all these companies they can't

1:15.4

take money from you so yeah which is 200k a year two years straight right or

1:21.8

household like if wife and husband that's 300k a year, so 150 each.

1:28.3

I think before that, my recommendation is you don't put money into anything else except yourself.

1:39.3

Let's talk numbers. What would give you a better return?

1:41.3

Let's say even if you put something into, give you a 8%, 10%, whatever it might be,

1:46.6

if you read a book, if you take a course,

1:49.2

if you get coaching, you get training,

1:51.1

whatever it might be,

1:52.9

you always make more money, period.

...

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