Latest / Money Grows on Trees / #216 - You’ve Been Investing WRONG (Every Investment Ranked)

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#216 - You’ve Been Investing WRONG (Every Investment Ranked) · Money Grows on Trees

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There's three types of assets that are available for you to grow your money. The
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first, the reason why crypto, or what I like to call shitcoins,
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has done so well is because it's purely speculative. So
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we're gonna move this crypto shitcoin. We go to F,
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fail. The whole idea of investing is to outperform inflation.
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And so a term deposit won't do that. All right, so the next asset is
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the one that almost everybody hangs their
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hat on. So here's what I'm gonna do. We're gonna rank the worst to
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the best assets to grow your wealth. Buckle
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up. I'm Lloyd James Ross, seven figure investor and entrepreneur and
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I've helped thousands of business owners and professionals turn financial stress
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into success. If you're stuck in old money habits, overwhelmed by
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investing or unsure where to start, this is for you. I'll
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give you the mindset and strategies to take control, grow
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your wealth and achieve financial freedom. It's time to make your
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money work for you. You've been investing wrong and it's costing
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you more than you think. You sit there, staring
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at your investment account, wondering why it's not growing the
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way you thought it would. You followed all the advice, buy, hold,
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dollar cost average, diversify, but somehow your
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portfolio just isn't delivering the wealth you
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imagined. And then frustration kicks in. You see others talking
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about their wins, doubling their money, retiring early, and living stress-free.
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Meanwhile, you're stuck watching your investments crawl at a snail's pace,
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or worse, losing money. But deep down, you
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start questioning everything. Did I pick the wrong stocks? Should
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I have gone all in on crypto? Is real estate the answer? You
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read articles, watch YouTube videos, and even ask for advice.
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But the more you learn, the more confused you become. So
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you stay stuck, doing all the same things, expecting different results,
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while time slips away and your dreams of financial freedom
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remain just out of reach. The truth? You're not
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alone. Most people are investing wrong, not because they're lazy
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or careless, but because they were never taught the
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right way. And until you fix that, real wealth will always
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feel just beyond your grasp. Most people have no
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idea where to put their money for the best returns. They follow trends,
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chase hype, and end up disappointed. But
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if you actually look at the numbers over the last 30 years, the
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rankings might surprise you. Let's break it down worst
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to best. Before I do that, I want to teach you three things, the
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three types of assets that are available for you to grow your money. The
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first is speculative. This means you have
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no idea what you're buying and the only reason you're buying it is so it goes up. The
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second type is called non-productive assets and these are things that
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don't necessarily produce anything. You can make money from them predictably
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but they don't produce anything. And the third type is the best type. They're
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called productive assets, and they produce things while you sit there
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and watch them. And they're the type of assets that can grow your money effectively. But
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most importantly, they're the ones that are going to provide you with absolute financial
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independence because they produce cash flow. So speculative, non-productive,
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and productive. So here's what I'm going to do. We're going to rank the
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worst to the best assets to
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grow your wealth. Buckle up. Stay to the
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end because I'm going to keep the best one to last. You
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don't want to miss it. So here we are. Best and worst investments based on
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my own personal results and knowledge. It's not advice. It's
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just how I think I'd approach these assets. And hopefully, it's going
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to give you some knowledge so you can understand why I
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am doing this the way I am and how my brain works when it comes to investing, okay? So
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you can see I've ranked them S, A, B, C, D, F, and I'm gonna actually
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move them to the rank based on what I feel about them. The very first
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one, in my opinion, is the worst. And a
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lot of people are gonna disagree with me. That's great. I
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want you to question yourself. Are you a multimillionaire and do you have financial independence? If
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the answer's no, maybe listen up. And if
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the answer's yes, well, maybe do a YouTube clip and I can come and comment on yours. Alright,
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so, the very first one, coming in dead last,
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are what I like to call shitcoins. Yes,
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hyped up speculative assets, if you can call them
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that, that might skyrocket today, but crash to zero
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tomorrow. You hear about people making millions overnight, but let's
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be real, those gains don't last. And if you want to gamble, you're better
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off going to the casino, probably. But, the reason why crypto, or
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what I like to call shit coins has done so well is because it's
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purely speculative. And so it can be bid up very quickly. But
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the only way to make money in that is to actually sell
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that asset to a greater fool. And it follows this thing called the greater
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fool theory. Okay, now the greater fool theory suggests that when
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you buy an asset, the only way You can make money
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is if you sell it again to a greater full. The
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problem with that is it needs more people to buy it for it to go up
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in value. And that's why they call it a Ponzi because it requires more
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people to join the network for it to go up. And that's almost identical to
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a Ponzi scheme. So you think about how you're gonna make money,
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it's very speculative. It's a guess because you don't know what it's
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worth. And the reason you don't know what it's worth is because it doesn't produce income. So you
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can't discount it back using a simple formula to determine if
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you're getting a bargain or you're getting ripped off, right? It's like a
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hot potato. It's the Hope Diamond. It's
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like dancing as Cinderella at the ball, and
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you know you're gonna turn into a pumpkin at midnight, but there's no clocks
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in the room. No one knows when it's gonna collapse. Does that make sense?
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So, when it comes to Bitcoin, many investors fall into this trap. Unlike
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stocks, which generate earnings, and real cash flow, and real estate, which creates
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rental income, Bitcoin doesn't produce anything. It's one of those really non-productive, speculative
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assets. Its price is purely based on supply and
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demand and speculation. People buy Bitcoin because it has no intrinsic
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value, but because they believe someone else will pay more for it in the future. Which
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is why Bitcoin is the absolute
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worst of the lot. Because the reality is, because it's
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got no intrinsic value, if you wind the clock forward 20 or 30 years, it
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probably won't be here. And people say, well Lloyd, it's worth $100,000. I'm like,
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$100,000 a what? $100,000 in fiat currency, the very currency
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you think it's going to actually overtake, and you're measuring all your success in fiat currency, the
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number one currency you think it's going to overtake. What are you, crazy? It's ridiculous. You
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just want the fiat currency so you can buy a house in a Lambo. Am
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I wrong? All right, so we're going to move this. Crypto,
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shit coin. We go to F, fail.
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Not a good asset, okay? You watch. And how I know that too
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is nobody, nobody who's wealthy in
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the world today has got there from purely
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investing in Bitcoin. Even Michael Saylor, who is the Bitcoin God, he
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has actually built a business, a SPAC, that's actually developed over time as
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a listed company to actually create wealth for him in fiat currency, okay?
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So, moving on, what's the next one? Next up, we've
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got term deposits. If you love watching
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paint dry and getting returns that barely beat inflation, then this one
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is for you. Sure, they're safe, but when inflation is eating
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up 3-4% per year, and you're only getting 3-4% per year back, you're not making a
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return at all. Without a doubt, they're safe and they do
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serve a purpose because if you are looking to park your money for a period of time
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to just leave it there in cash, it is good in
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the sense that it can provide some return so your funds don't get
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gobbled up by inflation. But the reality is, because it's in
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a term deposit, the money itself can't grow beyond inflation, which
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means your money in the future is not going to be worth any more. The whole idea of
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investing is to outperform inflation. And
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so a term deposit won't do that. And I don't have any using term deposits
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in Australia. If you go to America, the term deposits are like 0.5%. So how are
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you supposed to make money if inflation is at 3% or 4% and you're getting 0.5%? You're
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losing money in term deposits. It wasn't always that way. There
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was a time when term deposits were 15%, 16%, but
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also inflation was running at 15% or 16%. So
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the reality is term deposits are just an inflation hedge.
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They're okay, they're certainly safe, but at the end of the day, they're not going to
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perform as best as possible for an asset. So what we're going
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to do with a term deposit, we're going to move a term deposit. I
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think a term deposit is better than Bitcoin. So I'm going to
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move this up here because in the future, Bitcoin will go to zero because it's
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worthless. There's no intrinsic value. Whereas a term deposit, it'll protect your
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wealth. You'll keep your money. I've got a friend of mine. He's got about $600 million
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in interest bearing deposit in a bank. Yes, 600 million. So
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if he can put 600 million and sleep soundly at night, it's going to be sensible to
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have it there to protect your wealth. but it won't grow
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it fast. So it's a really good place to store it until you find a
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better place for it. I'm a poet and didn't know it. Okay,
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so. Next one on
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the best and worst investments chart here. We're
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gonna move on. We've got, which is very similar to term deposits actually,
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bonds. Bonds, what are bonds? Bonds is simply an IOU. You
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can have treasury bonds, which is where you're lending money to the government. You
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can have corporate bonds, which is where you're lending money to companies. And
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you can have municipal bonds, where you're lending money to the municipality, right? There are
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different types of bonds. A bonds is basically when you're lending money. You lend the money,
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they give you a bond, which is a financial instrument. Okay, now bonds, how they work is
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they actually produce a coupon or income to you. So when you lend money, you're
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getting paid interest from the person you're lending it to. Okay, it's effectively
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money lending in a very structured manner. You can buy and
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sell bonds, 30 year bonds, 10 year bonds, one year bonds. In
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fact, right now, Warren Buffett, the wealthiest investor who's ever
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lived. In fact, right now he's ranked number nine richest in the world. And
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he's been number one before. And he actually owns right now, as I
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say this and record this, he's actually got $335 billion
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invested in bonds. So you're thinking to yourself, well, why has he
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got $330 billion more? He owns more bonds than
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the US government. Why is that? Because he's not ready yet to deploy the
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money into more productive assets. And in his letter to shareholders that
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just came out two days ago, he said he much prefers to put it
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into stocks than hold it in short-term bonds. But right
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now, he can't find anything effective to buy. So
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it tells me straight away that the market's overpriced in stocks. But
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when he finds something effective that matches his requirements,
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he'll take it from bonds and he'll put it into stocks. So he knows that
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stocks are better than bonds. So we can't put bonds up too high in
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the rankings of best and worst investments. But because bonds are really
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safe. Treasury bonds, just so you know, are actually called
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risk-free assets. They're risk-free. Why? Because they're fully backed
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by the government, meaning you cannot lose because the government will
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just print money to give you back the interest on your bond. So
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treasury bonds are risk-free, which is what actually props them
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up higher on the chart. But the reality is they don't produce much.
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So it might give you the same returns as a term deposit. So
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it's very difficult to outperform inflation. And the worst part about it, too, similar
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to term deposits, is the income you're creating from those assets is
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fully taxable. meaning you're gonna get 30% of
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your cashflow taken away from you by the government because interest
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income from bonds and term deposits is fully taxable.
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There's no tax relief, right? So that keeps them low on the chart. So
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we wanna put bonds, they're very safe, they're probably on
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par with term deposits and
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we can put them there on the chart, okay? So they're a D because They
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can serve a purpose for short-term cash needs for sure, but right now
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we're talking about growing your wealth. We might even put them up. I feel sorry for
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the bonds. We're gonna put them up here. Hey, you can't knock the bonds too much. We'll
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put them to C, okay? All right, there you go, bonds. You can go to C. That's
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much better, all right? Because Warren Buffett owns a lot of you, so they're okay. All
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right, so the next asset is the 1. that almost everybody
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hangs their hat on, the one that most people love. If
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they could take it to bed and sleep with it, they would, especially
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in this country here in Australia. And it is none other than real
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estate, especially residential real estate in Sydney. But It's
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not always the way. It's not always the case, okay? Now, of course, real estate
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is a productive asset. How is it productive? It produces income from renting it out and
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land values go up. Why do land values go up? It's because they're not producing any
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more land. There's only a finite supply. They are producing more housing.
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So you can oversupply the housing market from construction, but
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land itself is where the value lies. So land goes
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up over time if there's population growth and limited supply of
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land, and also if there's a desirable place to live, right?
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But, The reality is that it's not always gonna go up.
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Little do people realize that it doesn't always go up. It's just gone up in the last
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few years, but it's definitely up there as one of the best assets you
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can own without a doubt. So I'm gonna move it up on the slide in a second, but
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I wanna just explain something to you about real estate. In the book, Rate
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of Return of Everything from 1970, 2015 it was published,
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it indicates historically residential real estate has offered returns
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of about 7% a year, which is actually pretty good. Considering
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inflation is 3 or 4%, it does beat inflation. But
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unfortunately, people think that it produces 20% a year because that's
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what it's done over the last couple of years. But that's a recency bias in your head
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working against you. 7% is about what it takes to
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actually beat inflation. So long-term returns are about that. And
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here's the thing, there's a rule called the rule of 72. And how the rule of
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72 works is you take the number 72, divide it by the annual
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return of an asset, and it'll tell you the number of years it's gonna take for that asset
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to double in value, right? So if we take the rule of 72, and
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we divide it by 7% return, which is what real estate does, you
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can see it doubles every 10 years. That's where the
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real estate, your Bible or prayer comes from, real estate doubles every
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10 years. That's like this paradigm that everyone's got in their head. it's because of the rule of
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72, because it produces about 7% a year on average. Now,
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there are different types of real estate, your residential real estate, commercial real estate, industrial real estate,
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put goal options, construction, you can renovate it, you can develop
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it. I mean, there's lots of things you can do, you can farm it, you know,
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there's lots of things you can do real estate. So it's wonderfully flexible, right? So,
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residential real estate is returned about 7% a year on average, and commercial
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real estates return a lot more. But commercial real estate is far more risky, because
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you actually got a business who's the tenant, and you can't always find
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effective tenants for commercial real estate, right? I remember this
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property that we once owned that the tenant legged it and left. And
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all of a sudden, you got to pay the body corporate fees, you got to pay the bank, the mortgage, because
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the business went broke. So you got to be very careful, you don't own commercial real
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estate, without understanding it fully. And certainly with residential,
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it's a lot more simple because everyone needs a place to live because they
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need shelter, right? It's a very basic human need. So it's a very, very
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popular asset for people to leverage and use. So it's very good for
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the community, right? Like we need housing. So that's why it's never going to go
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out of fashion. Okay, so now we're gonna rank real estate, but before I do that, where
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are the rankings sitting? Firstly, we've got shitcoin at F, we've
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got term deposit at D, and we've got our bonds sitting at
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C. So where does real estate rank on this scale? Let's
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move it up here. Oh, oh, we're gonna put it up to B. Yeah,
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I think it's a wonderful asset class. And if it was a little bit more undervalued, I
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would buy it in spades. In fact, during the GFC, I was offered to buy
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apartments in service paradise here, which is very popular place to live in Australia. Forget
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get get this ready. I was offered to buy apartments in
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service paradise for $50,000. Can
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you believe that? So I've actually seen real estate go down as
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well as up and it will do that because if you look at different markets at the moment,
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you look at China, real estate's dropping and falling. You
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look at Japan, real estate in Japan
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hasn't grown since 1991. It's
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35 years of no growth, or 33 years of no growth.
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It's gone down. And people are like, it always goes up. No, it doesn't. Japan didn't,
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it hasn't gone up for 30 years. It's gone down. China's
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gone down. And guess what happened in the United States after 2008? If
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you haven't seen the big short, the movie, which is one of the best news ever when it comes to money, go
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watch it. Real estate fell off 2008 when they realized
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that strippers were buying five homes at a time with ninja loans, no income,
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no job, no stability. So it doesn't
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always go up. And right now there's a massive bubble in Australia. You
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can buy a French Chateau castle with 35 bedrooms
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for 1.7 million euros, or you can buy a
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shitty four bedroom in Penrith for that. So you
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choose, you tell me if it's not in a bubble, but it is. So it doesn't always go up, whether
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the bubble bursts, well, that's up for debate when it's going to happen. But
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real estate just cannot go up continually, because eventually the people
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in the country will not be able to afford it because wages don't rise at the same rate. So
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you got to be careful when you buy real estate. So again, getting back to what I'm talking about, I
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would, I love real estate. but I don't like overpriced real
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estate. Why? Okay, so that's why it's sitting at B, but
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at different times, it might sit at A. Just quickly, if you're ready to take control
16:45
of your finances but feel stuck on where to start, I have a
16:48
solution. My book, Money Buys Happiness, simplifies investing
16:52
and wealth building with practical steps to help you achieve financial peace.
16:57
Get your copy via the link in the show notes and let's get your money working for
17:00
you. Now back to the episode. Okay, moving on. We've
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got the next one, gold. One of the oldest
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currencies in the world, right? For thousands of
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years, gold has been a currency, but here's the thing with currencies. Currencies are
17:15
a terrible investment. Why? Because you can only make money
17:19
by selling it to a greater full. There's no value in currency. There's no value
17:22
in fiat currency. There's no value in cryptocurrency, right?
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And the same thing, there's no real intrinsic value in gold, although,
17:30
It is better than crypto because it does actually have some
17:34
utility. You can use gold to do different things, okay? Now
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back in the, before the 1970s, they actually had the currency
17:41
attached to gold. It was called the gold standard. But when Nixon came in,
17:44
he took the fiat currency, the US dollar, off the gold standard and
17:47
inflated the currency, okay? Now I believe Elon and
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Trump are actually trying to, they're actually going to inspect Fort Knox right now, and
17:54
they're gonna try and tie the fiat currency, I think, back to the gold standard and
17:58
delete the Fed. pretty certain that's the objective they're going for, although I
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don't know them personally so we'd have to ask them, but it looks to me like they're going to go
18:04
back to the gold stand. So gold, for a long time, has been a
18:07
reserve currency, so that's why it ranks higher than
18:11
shitcoin on the actual chart, alright? So for
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the last 30 years, it's returned about 7.5% annually, which is
18:17
actually really good return. So you can see that it's been a
18:21
very effective hedge against inflation, but it doesn't
18:24
really create wealth because it doesn't produce anything. It's
18:27
actually a non-productive asset. What do I
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mean by that? Well, let's talk to Warren Buffett, the greatest investor who's ever lived
18:34
and the richest man in the world. So Warren Buffett explains it best. He says,
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Buffett said that he had no opinion on where gold might
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go. He said, the one thing I can tell you is it won't do
18:45
anything between now and in the future except look
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at you. What does that mean? Well, here's an example. In
18:51
contrast, stocks or businesses like Coca-Cola, Walmart,
18:56
Wells Fargo, right? Which are productive, they'll generate
18:59
money and the value of the business will go up. So they're a lot better, it's a lot
19:03
better to have a goose that lays a golden egg than just have a goose that
19:06
sits there and maybe goes up or down in value, okay? Because
19:10
gold doesn't lay golden eggs. It just sits there exactly the
19:13
same, right? As Warren Buffett explains it, all the gold in the world at
19:17
this time is worth about $7 trillion. And by his
19:20
calculations, that's equivalent in value to
19:23
a billion acres of farmland in the United States, seven
19:27
ExxonMobil businesses, plus a trillion bucks in
19:31
just walking around money, right? So if you offer me the choice of
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a 67-foot cube of gold that will not change ever,
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or a billion acres of farmland that produces cotton, soybeans,
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crop, oil, and seven exo-mobile businesses on top
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of that that produces oil, and a trillion dollars of walking around
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money, which one would you take? You wouldn't take the flippin' block
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of gold. It doesn't produce anything. And this is why
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gold does not rank highly on the chart, okay? So
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let's move gold to where it really belongs, which is probably no
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higher than bonds.
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We're sitting it right there with bondy bonds. In fact, it's probably a little bit less. I'm going
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to stick it in between. It's going to get a D and a half right there on
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the chart. Okay. Sorry, gold. You don't produce anything. Okay. So
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we can't have financial independence if they have no cash flow. The only way
20:24
to make money is to sell it to a greater full. It also
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follows the greater full theory. Okay. All right. It
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only leaves a few left. So what's going to be the best? Stay tuned to
20:34
the end because I'm going to show you the very best investment you can make. All
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right. Now, let's move on. One of my favorite, favorite
20:42
investments of all time is this one. And of course, it is stocks.
20:46
Historically, stocks for the last 30 years have
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returned around 10.97%. Absolutely destroying
20:55
inflation, which is wonderful. It returns more than gold, more than bonds,
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more than real estate, more than shitcoin, and more than term deposits, okay?
21:03
So, 10.97, if inflation 3 or 4%, it's absolutely smashing
21:07
inflation. Now, that doesn't mean it's going to continue, but since the year 1957, the
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S&P 500, the top 500 companies in the world, which is the stocks,
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have actually returned around 10.26% on average every
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single year, on average. So history doesn't repeat, but
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it certainly rhymed. The reason why they're effective is because the
21:25
businesses produce dividends to you so that you're actually getting some
21:29
cashflow back for your investment. But also as the businesses develop
21:32
and grow in value, The price goes up of the stocks.
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Okay, so as a business produces more profits, it becomes more valuable. And
21:39
you can actually make a ton of money in stocks. All right, stocks
21:42
compound money like crazy. And this is how the wealthy grow
21:46
their fortunes. Approximately 15% of global billionaires
21:50
have amassed their wealth through finance and investments, which
21:54
includes stock market activities. And if you look
21:57
at Jeff Bezos, Mark Zuckerberg, Warren Buffett, Bill
22:00
Gates, and so forth, they became wealthy because their businesses got so valuable,
22:04
they listed them on the stock exchange, and they held their stocks for a long time, all
22:07
right? And that's how they've produced billions and billions
22:11
and billions of dollars. I don't see anyone who owns crypto in
22:14
the top 10, 20, 30, 40, 400 wealthiest people in the world. Okay,
22:21
so that's a sign. It tells me that we can't
22:24
put crypto above stocks. We've got to put stocks way up here. Stocks and
22:27
think these public businesses, all right? And I love
22:31
stocks because I put them higher than real estate
22:34
because you don't have to look after it. You don't have to fix
22:37
it up. You don't have to manage tenants. You don't have to worry about floods,
22:41
fire, et cetera. Now, not all stocks are effective because not all businesses
22:45
are effective. But if you hold a basket of stocks, say, in an index fund, you
22:49
really minimize the risk of businesses going broke, which they can do, by
22:53
having diversification, right? So it's a diversified group of stocks. And
22:56
the facts are it has outperformed the other assets
23:00
handsomely. It's not even up for debate, okay? Not up
23:03
for debate. And I know what some of you are thinking, Lloyd, but real estate's got leverage.
23:07
Yes, it does. But leverage also comes at risk because everyone
23:11
in the last 10, 20 years, they've only ever seen real estate go up
23:14
with leverage. But what if it goes down with leverage? Stay
23:18
tuned for that. So leverage can amplify returns or
23:21
amplify losses. So having a lot of leverage is not always good. It's only when the
23:24
asset's going up. But what I love about stocks is that you don't need leverage.
23:28
The businesses will grow over time and your money with it. Now, let's
23:32
look at the charts. So far, what we've got is we've got Shit coin at
23:35
number F. We've got term deposits at D. We've got gold
23:39
at like D and a half, right? Then we've got bonds at about C.
23:42
We've got real estate at B. Great asset class at the right time for the right
23:45
reasons. And then of course, we've got our illustrious stocks at A.
23:49
A class type assets. Wonderful. So we've still got a couple left. What
23:53
could possibly be better than stocks? Check it
23:56
out. We move into the next one. It's
23:59
going to give away the first one, but that doesn't matter. All right. You're still going to guess
24:02
like, what is the first one? So we've got here private
24:07
business, right? And if you look at private businesses, a
24:10
lot of private businesses can return anywhere up to 40% per annum.
24:14
Why is that? Because statistically, they're more risky because
24:18
most people don't build their businesses beyond five years. In fact, 80% of businesses fell
24:22
within five years or less. However, those people who select
24:25
good businesses have good business acumen show up and get after it. This
24:29
is where wealth actually comes from unless it's inherited, which
24:32
my friend calls it making money the old fashioned way. But if you don't have an inheritance, how
24:36
do you build wealth, you've got to get into your own business. All of
24:39
the successful wealthy people I know who are self made, they
24:43
got there through businesses. How we've made our money is through private
24:46
businesses. We have four businesses. We've built two, actually we've built three,
24:51
currently still building three, but we've also just bought one. The one
24:54
we just bought, before we bought it, we could see it was
24:57
producing 40% returns a year. So
25:00
it was very simple to see, this is a good business. And that's how
25:03
you can make a ton of money way beyond inflation. Like look at that, 40%. I
25:07
know some businesses that make 95% margins. It's insane,
25:11
right? But if you look at all the successful people in the world, again, Mark
25:15
Zuckerberg, Jeff Bezos, even Warren Buffett in the early days, they
25:19
all made their money from getting into business for themselves. Very
25:22
few people build real wealth. in some sort of like nine to
25:25
five scenario working for a big company is possible for sure because they can invest
25:29
and they can look after their money. But the reality is getting
25:32
in your own business is the way we can really amplify your wealth.
25:36
And it also makes you a better person because it's a personal development program with
25:40
a compensation plan attached, okay? Now statistically, 69% of
25:45
the Forbes 400 members, that's the top 400 wealthiest people
25:48
in the world, 69%. In 2011, they
25:51
said was self-made, having started their own business. And
25:55
if you look at the other side of the list, 31% of the list in
25:59
2011, they came from wealthy families. So a lot of them inherited it, okay? But
26:03
more of them built it themselves. And so that's why I
26:06
rank private businesses personally way up. at
26:10
A and a half. It's like way up here. It's actually better than stocks, right?
26:13
Because if you don't have any money, how are you supposed to buy stocks? If you don't have any money,
26:16
how are you supposed to buy real estate? If you want more money, you gotta start a business either
26:20
on the side or get out of your job eventually and go all in to start a
26:23
business. So A and a half, it's right in the middle there, is private
26:26
business. It's way up on the scale. So what does that leave last?
26:30
What could possibly be better than having your own private business producing
26:34
tons of return every single year? What could be better? What
26:38
could be better? There is one thing left, the final asset, the most
26:41
productive asset, the best hedge against inflation
26:46
ever. Because without this, none of it can happen.
26:49
This is the most important one. And of course, it is you.
26:54
I know, how cliche does that sound? Sounds terrible, but it's you, right? You
26:57
are the best asset. The skills you develop, the knowledge you gain,
27:01
and the opportunities you create, and the connections you
27:05
have, can yield returns far beyond any asset class. When
27:08
you invest in yourself, whether it's learning high income skills, whether it's learning high
27:12
income, Business acumen, starting a business, mastering
27:15
your money, learning about this stuff even, right? Connecting
27:18
with new people, building relationships. It is limitless. The
27:22
earning potential is limitless. How do I know that? Because look at
27:25
Elon Musk. He's worth over $400 billion. And that
27:28
came from him investing in himself. The knowledge, the teams he's
27:31
built, the skills he's built. Without any of that, that wouldn't be
27:35
possible. And he may very well be the
27:38
first trillionaire. It looks like he's going to become a trillionaire. So think about that,
27:41
right? It's not because he invested in real estate, bonds, gold, stocks, private business, whatever.
27:45
Yes, he did build private businesses, so that's why they're A and a half. But without
27:48
investing in himself, reading the books he has, or investing in
27:51
his skills, his time, his relationships, without that,
27:55
he wouldn't have any of this, okay? But it does depend on your goals,
27:59
but one thing is very clear. Ignoring yourself, your skills, and
28:02
your ability to generate income means you're leaving the best investment
28:06
untapped. That's where you gotta start. Start there and
28:10
everything else will follow. So we're gonna take you and
28:14
move you to S, meaning superb, the
28:17
perfect asset, the asset with unlimited. returns.
28:22
Will it hedge against inflation? Yes. It's the best hedge you can possibly have
28:25
when it comes to bidding inflation. How do you start? It means actually acquiring
28:29
knowledge, deploying the knowledge into the field, developing your network and
28:33
exploiting opportunities and building skills. All right. And eventually the
28:37
money will catch up. All right, that's it for the best and worst investments. Hit
28:40
the subscribe button if you enjoyed this. Leave me a comment below. What
28:44
do you think about my chart? Would you put them in the same place? Which
28:47
one is your favorite asset? Please leave your comments below, especially if
28:51
you love shitcoin. All right, see you on the next episode, and
28:55
I'll talk to you soon. Thanks for listening to Money Grows on Trees. If you
28:58
enjoyed the episode, leave a five-star review on Apple Podcasts and
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miss an episode. And if you're serious about building wealth, make sure to
29:08
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29:11
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