My name is Pace Morby and today we're going to talk about what you should be doing to invest your money in 2022. Let's get into it. All right guys, if you're like me, you understand that cash flow is king. Now there's crypto, there's other business opportunities like owning a title company or buying into somebody else's business, essentially investing. You can go out and buy traditional rentals, you can go do the Burr strategy, you can buy subject to and turn into an Airbnb or corporate rental or whatever. There's so many different ways you can go. And really what it depends on is how much money you have, whether you have a steady source of that income, and also what is your appetite going forward for risk. Now, most of the people in my audience, if you're younger, you have an appetite for risk, which means you're okay with growing faster with a little bit more of a downside of the risk factor, right? So I see a lot of people investing in crypto. Man, that's a scary world. I've got well over six figures invested in cryptocurrency between Bitcoin, Ethereum, Axi Infinity. Yes, I do have some Dogecoin. I have some Shiba in you and I have a variety of other things.

And yes, I do have some NFTs as well. But that's not a game for actual growth and that's not a game that I want to play other than just hedging and having fun with it. That's really just a video game in my opinion.

Investing your money into crypto and all those types of things is not going to help you and better your life.

What you need is you need something that's going to help you and better your life.

What you need is you need something that's going to bring you a check every single month.

First and foremost, you've got to ask yourself this first question.

Are you bringing in enough active income in order to invest in passive income?

And if the answer is no, then I wouldn't really be worried about investing my money anywhere right now other than

maybe getting myself a new skill, teaching myself a couple of new strategies, and amplifying my

active income. So once your active income is above your threshold for the comfort level that you're

looking for, then you can start investing. If you're not at that level, then I would go watch

some of these other videos about how to make more money in real estate or maybe jump over to my son Astrid's

YouTube channel if you guys are looking for some side hustle stuff. Him and I are doing some

e-com, some trailer rentals and some other things to show you guys how to do side hustles that

don't require a lot out of your pocket. So active income is primarily the most important thing.

If I'm making $200,000 a month, well, I'm going to have a lot of money to invest, right? Because there's no way my living expenses are $200,000 a month. And most investors like me, Jerry Norton, Jamil Damgey, Ryan Paneda, and all these guys you see on YouTube, they're all making well over those numbers. Like some of those guys are making four times, five times what I just said. Some of those guys are making a million dollars a month. Okay. And you look at Jerry Norton, the guy will go and do a deal where he makes $1.5 million on one transaction. He's not living on $1.5 million. And so he's going to take that money and invest it into more deals. Or I'll give you a couple of things he is investing in.

Now, same thing with Ryan Paneda and Jamil Damge. We make a lot more money than we live on.

Therefore, we take that money and invest it in other things. So if you're in a challenging situation

where you're not making enough active income, we got to amplify that first. We'll put some video

links down below of how to amplify

your active income, but let's say that my living expenses are $10,000 a month. Yes, I know some of you guys are going to go, wow, Pace can live on $10,000 a month. The honest answer, guys, is I can't live on $10,000 a month. We have a house that my property taxes are $3,000 a month. My power bill is $1,500 a month, my gas bill's $1,000 a month. We've got a big property here, right? I can't live on $10,000 a month. Our traveling in our food and insurance and all that kind of stuff is over $10,000 a month. Our health insurance is $1,400 a month. So no, I can't live on $10,000 a month, but there were times in my life with Laura and Asher.

We were living on less than $5,000 a month. So is that possible? Yes, but right now we don't

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