Daily Meeting - Personal Finance 10: Only Invest Where You UnderstandWherever you are is right where you should beIf you changed your life, it cost you a lotIf you’re not at ease with your situation, you should be movingFormula: Pause, calm yourself down, and ask yourself, “What’s my next, right move?”Oprah Winfrey on Career, Life, and Leadershiphttps://www.youtube.com/watch?v=6DlrqeWrczs&t=2s4th Law of GoldOnly invest in where you understandRisks are part of lifeRisk comes from not know what you’re doingBecome a mastering what you are about do, or how you’re about to spend your money Diversification is a protection against ignoranceOnly when the tide goes out do you discover who’s been swimming nakedWhen everyone is investing their money, and when the media is convincing everyone to run towards a certain stock or investment, everyone looks smart. Yet, when a crash occurs, you find out who the real geniuses are.When you invest in what you know, good things happen for youWhat to Do With Your MoneyLearn how to get more moneyLearn how to keep the money you just gotLearn how to multiply what you just keptPut the money you kept and multiplied into profitable employmentFind a market that’s already popularFollow Antonio’s disruptive modelDo an old thing a new wayIt is not important to be the best, it is more important to be first to a new categoryBe First To A New CategoryOnce you are first to a category, you are the leader.You don’t say you are the best, you say you are the firstTake your product and get it to the point of sellingNot perfect, but to the point of selling.Let your customers tear that product up.The customers buying a new product are willing to wait on/with you to fix it.Build their feedback.Use their feedback to make your product betterGive it right back to them.This time, go get their friends and their family.Improve your product againPut it back out againAs soon as you think you have enough money, you don’t. GO GET SOME MORE!Now that you have more money, you are not going to compete with the big boys, you are just going to go get more Phils and Susans.Now, fix all of your customer loyalty problemsOnce you fix everything and you think you are ready, go after the established authority’s customers.You’re the ProductYour business is a frontYou’re selling what you knowSelling what you know is a massive transaction, not a passive transactionYou’re taking your customers’ money and putting it in real estate or some hard, income-producing asset 50% of the money goes into a hard, income-producing asset40% of the money goes back into your company10% of the money goes into a discretionary fundClosing ThoughtsAntonio wants to buy a new apartment complex every monthHis end goal is own downtown high rises Support this podcast at — https://redcircle.com/the-secret-to-success/exclusive-contentAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy