It's All About The Money

By Geo Jelani

Investing is a hot topic that can elicit many emotions. You may feel excited about the possibility of gaining profits, overwhelmed by the vast amount of information that is out there, or anywhere in between. It is totally normal to feel a range of emotions when it comes to investing. It is not, however, wise to invest when your emotions are runn

• Language: English
• Publisher: Jelani
• Release date: Feb 16, 2023
• ISBN: 9781088098059

Book preview

Introduction

There’s one surefire way to tell if someone will make a ton of money with their investment plan: they know their profits don’t come exclusively from the investments they pick but from the strategy they employ. Before you ever pick an investment or put your money anywhere, you should know how investing works. No, not what the different types of investments are or the practical strategies to make these investments. I mean the mindset behind what it takes to make a ton of money.

In It’s All About The Money, I’m going to pull back the covers on everything you need to know to make a ton of ROI (return on investment) in any investment you make. Whether it’s mutual funds, stocks, real estate, NFTs, cryptocurrencies, or otherwise, these essential mindset hacks will help you make all the right decisions.

One of the key elements that make this book worth reading over any other is that these mindset and investment strategies are grounded in truths. These are not some arbitrary mindset shifts pulled out of thin air because they sound nice and make you feel good about yourself. I don’t want you just to feel good about yourself. I want you to make money. That comes from having strategies that are grounded in reality. The mindset shifts I discuss in this book come from those who have gotten massively wealthy off their investments. Think Warren Buffet, Robert Kiyosaki, Elon Musk, and Steven A. Cohen.

The reason why people get wealthy from their investments is not just that they understand the mechanics of how to invest. Sure, you need to know what the practical function of an investment is before you place your money in it. That’s common sense, as it protects you from fraud or scams. But before that, you need to know how to invest your money to make profits. You need a sound foundation from which to make your decisions so that when you place your money into investments, you know you will make a profit.

If you are ready to make the most out of ROI with any investment, you have come to the right place. Why don’t we dive straight in?

Chapter 1: No Such Thing As Luck

How would you feel if you woke up and lost $10,000 overnight? What about $50,000, or $100,000?

Most people look at a question like that and instantly feel a sense of nausea rise in the pit of their stomach. They couldn’t imagine taking such a massive hit. In investing, though, you need to be ready for anything. As you will learn, you are bound to make mistakes when investing. Sometimes, you’ll pick the wrong stock, other times, you might invest in real estate in the wrong area, and your investment goes sideways. When this happens, amateur investors are bound to chalk it up to bad luck. You might even hear them say: "I can’t get into investing, I have bad luck, and I’ll lose everything." 

The reality is that losses are not the result of bad luck. They are the result of a wrong choice. What’s the difference? Simple. Luck is out of your control. It is a myth. Choices are entirely yours to make. You can recognize a bad choice and deliberately learn how to make better ones. Anyone who uses bad luck as a justification for why they are getting bad results is relying on excuses to pass the blame for their poor choices from themselves to mythological reasoning. People who make a massive ROI on their investments don’t believe in bad luck. They believe in studying their bad choices to quickly identify where they went wrong, so they don’t make that same mistake twice. As the saying goes, Fool me once shame on you. Fool me twice, shame on me. A strong investor refuses to be fooled twice.

That’s why a strong investor is not afraid of losing money, no matter how staggering the amount may be. Although it may be painful to look at an investment and see a loss, they know that:

They will never make that mistake again; and,

They will use this lesson to make that money back.

Before you make any investments, no matter how big or small, your first order of action is to take absolute responsibility for the outcomes you create. When you’re winning, this will feel easy. When you’re losing, however, this is going to hurt. Deal with it. The sooner you can accept your responsibility for your losses, the faster you can recognize the poor choices you made