Investing in Stock Market vs. a Business - (which one makes more money?)
Автор: Wealth Hacker - Jeff Rose
Загружено: 2019-11-06
Просмотров: 13625
It is time to settle a debate:
❓Is it better to reinvest in the stock market or into your business? ❓
Joesph shares his opinion on why he thinks it is better to reinvest back into the Stockmarket.
🎦 You can watch his video here: • Business Investment vs Stock Market [Best ...
I could argue both points honestly - but coming from a wealth hacker standpoint….I have made more money by reinvesting back into my business.
➡️1. [1:57] Reinvesting back into your business does not guarantee future profits.
I argue that you are also not guaranteed future growth when reinvesting in the stock market.
➡️2. [4:20] - Reinvesting back into a business for the sake of growing ‘just to grow’ can lead to sacrificing happiness.
I agree that you don’t reinvest just for the sake of growing - I am going to share some strategies on how you can reinvest, and grow, without sacrificing happiness.
➡️3. [5:11] You have to diversify your assets.
Just because you are reinvesting back into your business does not mean that you cannot diversify. You can add additional revenue streams. 📊
It is hard to calculate the ROI when you are reinvesting back into your business. I use the ICE method to determine where to put my money.
I = Impact
C = Confidence
E = Ease of Execution
What is something that you could implement in your business today or tomorrow?
I reinvested around $24k and over a 3 year period that investment has earned me an additional $500k per year. 🤯
#reinvestinginstocks #reinvestinginbusiness
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