Dan Martell - April 12, 2024


If I Started Investing in 2026, This is What I'd Do


Episode Stats

Length

9 minutes

Words per Minute

213.52762

Word Count

2,032

Sentence Count

57


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 I discovered the best investments you can make in 2024.
00:00:03.140 Ray Dalio, the famous investor, once said
00:00:05.400 that the person who lives by the crystal ball
00:00:07.160 will eat shattered glass.
00:00:08.680 It means that the people who lose their money
00:00:10.640 are the ones that are looking inside the crystal ball,
00:00:13.720 always trying to predict the future,
00:00:16.160 making investments on trends, speculations, or emotions.
00:00:19.140 That's why I wanna share with you
00:00:20.180 the best investments you can make today
00:00:22.240 to actually get ROI so you don't eat shattered glass.
00:00:25.920 The first vehicle is index funds.
00:00:28.040 At 26 years old, one of my mentors told me to take half of what I'd made at the time
00:00:32.600 and I've earned and put it into a stability bucket,
00:00:36.220 essentially an investment where I wouldn't lose my money.
00:00:39.060 So what I did is I dollar cost average myself into the index funds.
00:00:43.700 Why? Because it didn't take any thinking.
00:00:45.840 You know, a long time ago, I was reading books on investing.
00:00:48.480 I came across like John Bogle's book on index funds and many others.
00:00:51.980 And the whole idea is that if you can get a low cost fee structure,
00:00:55.500 then you dollar cost average yourself into it.
00:00:58.400 It doesn't sound very sexy or a lot of fun.
00:01:00.220 I'll get to those in a second,
00:01:01.320 but it's definitely the way for you not to lose your money
00:01:04.840 by being emotional all the time, right?
00:01:07.100 I see a lot of people invest in stuff
00:01:08.420 where it's too liquid.
00:01:09.900 It's too easy to come in and out of,
00:01:11.720 but if you're trying to play for the long game
00:01:14.100 and say, this is the money I never wanna lose,
00:01:16.320 I'm building my wealth fund, it's gonna compound,
00:01:19.180 then I can't think of a better investment than index funds.
00:01:21.700 Even Warren Buffett said it.
00:01:23.000 He said, you know, if I pass away today
00:01:24.740 and my family had to take over the money let's get out of active management let's just take all
00:01:28.500 that money put it into an index fund and then my family can live off of the dividends every year
00:01:33.140 this investments is for people that are unwilling to learn where they don't want to think they've
00:01:36.820 got their main business they got their main job and they just want to invest in things they don't
00:01:40.660 want to be emotional about it there's nothing better than low cost fee index funds you don't
00:01:45.380 want to do mutual funds i mean if you look at a long game over a 25 year period you might lose 40
00:01:50.500 to 50 percent of the value of your investment as a bucket just because you're paying other people's
00:01:55.700 fees and that compounds over time index funds have some of the lowest fees because you're not paying
00:02:00.740 for active management whereas in a mutual fund you're paying somebody to manage it and they got
00:02:04.900 all these little hidden fees they say oh no we're low fees no you're not if you look at the actually
00:02:10.180 fine print they can raise their fees lower like over the time that you deploy money into their
00:02:16.020 fund and if you move it around it's not the right way to do it you know i like vanguard index funds
00:02:20.820 you can choose whichever ones but you want to find stuff have a decent portfolio and just set
00:02:25.540 it and forget it the second vehicle is real estate i bought my first deal when i was 21 it was a
00:02:30.820 duplex i think i paid something like 121 000 for it i had my five percent down and i got into real
00:02:37.860 estate game since then i've done a ton of deals and the reason i like it is because it allows you
00:02:43.300 to build wealth at a bunch of different ways you know recently i had one of my top sales guy this
00:02:47.460 kid named wendell come in and he wanted to invest in real estate so i gave him some advice and he
00:02:53.220 turned all of his extra cash into investments in multi-units with his partner and ended up building
00:02:59.380 a really sizable portfolio my brother did the same thing him and i started martel homes to help him
00:03:05.780 get into real estate to move away from being a mechanic and he ended up building one of the
00:03:09.700 largest home building companies in eastern canada because real estate's one of those investments
00:03:14.260 that has some very unique properties to it pun intended real estate is an investment where you
00:03:19.380 can drive around and touch it it's not a fun and you own real estate that has purpose not your
00:03:24.420 primary home that is not an investment in real estate see real estate has this thing that a lot
00:03:28.420 of people do called the burr method right which is buy rehab rent refinance and repeat method it has
00:03:34.420 tax advantages for a lot of places it's an asset that produces cash flow so it pays off the
00:03:39.940 investment it hedges against inflation and it appreciates as it pays itself down how cool is
00:03:46.900 that those alone the inflation part right now where we have some of the highest inflations
00:03:50.740 we've ever experienced is a beautiful reason to consider real estate as an investment vehicle
00:03:56.100 the third vehicle is collectibles this is probably one of my favorite ones because if you do it right
00:04:01.540 the things that you enjoy to purchase can become the vehicle for investment for example my buddy
00:04:06.740 mike brown he teaches this framework at his unbreakable wealth seminars where you can look
00:04:11.780 at cars and watches and art and wine and all these different collectibles you know whatever your thing
00:04:17.620 is you can be into comic books and you could either put your money into index funds or rsps
00:04:23.060 or whatever or you could actually put them into the collectible that you are passionate about that
00:04:28.660 that you love, that you, you know, think about this.
00:04:31.280 What if you could invest in the thing
00:04:32.820 that you spend hours on YouTube studying?
00:04:35.220 So like, I love cars, okay?
00:04:36.800 I think supercars are beautiful, beautiful works of art
00:04:40.000 and I'm putting together a collection.
00:04:41.960 I mean, I'm inspired by a guy like Steve Hamilton
00:04:44.000 who has a Hamilton car collection
00:04:45.520 or, you know, Manny Koshpin
00:04:47.760 or even one of my mentors, Andy Frisella.
00:04:50.480 I mean, here's these people
00:04:51.500 that have these multi-deca million dollar car collections,
00:04:55.480 but if you look under the hood,
00:04:57.160 they're actually investments.
00:04:58.660 they're not buying cars that are gonna go down
00:05:01.060 and depreciate, they know that purchasing
00:05:03.000 these rare editions of these collectibles
00:05:05.140 is actually not only gonna hold the money,
00:05:07.280 but it's gonna go up over time.
00:05:09.080 Now, it does require you to put the time and energy
00:05:11.060 to study it, but you don't make money when you sell,
00:05:14.400 you make money when you buy, you have to be patient,
00:05:17.340 you have to look for unique opportunities,
00:05:19.340 so you have to have access to inventory in deals
00:05:22.340 to make this work, but it could be one of the funnest things
00:05:25.340 you could do with your money.
00:05:26.860 What you don't do is go buy a brand new car
00:05:29.680 or a brand new watch off the lot.
00:05:31.620 You need to do the work.
00:05:33.400 You need to find somebody, ideally a mentor
00:05:35.740 that's already made money doing this
00:05:37.820 and ask them how they've done it.
00:05:39.340 What are the auctions they go to?
00:05:40.920 What are the unlisted websites?
00:05:42.680 Who are the brokers?
00:05:44.060 Who are the other people that have private collections
00:05:46.020 that might be looking to liquidate some of those assets?
00:05:48.640 You want to get somebody who's already doing it
00:05:51.240 that doesn't have more time or the ability to invest more
00:05:54.720 and you could be the person that gets some of their release valve of collectibles that you
00:05:59.280 could buy and start building up your collection. So the money could either be in the bank and an
00:06:04.260 investment, or it could be in a beautiful object that you get to look at and enjoy on a daily
00:06:08.840 basis. It's up to you. The fourth vehicle is intellectual property. It's taking everything
00:06:13.420 in your mind and putting it into a format that people can purchase, right? Like a book, a media
00:06:19.120 company licensing models coaching other people consulting those frameworks become incredibly
00:06:24.960 valuable if you learn how to put them together in a way that other people can purchase there are now
00:06:30.000 a ton of youtubers from justin welsh ali abdahl dan ko all these people that are making millions
00:06:36.960 of dollars online by learning getting really great at something creating a course intellectual
00:06:42.880 property and then using the media side to get distribution so that they can sell people that
00:06:47.120 that wanna learn that on their product.
00:06:49.600 It is a huge opportunity to get leverage.
00:06:51.540 And the coolest part about the whole process
00:06:53.460 is that the better you get at it, the better you get in life.
00:06:56.900 Most people don't package their intellectual property
00:07:00.000 in a way that other people can buy or consume.
00:07:02.780 I know a lot of people that know a lot about stuff.
00:07:05.000 I got a buddy, he knows more about more
00:07:06.500 than anybody else I know,
00:07:07.420 but he's never put it down in a way
00:07:09.340 that somebody could purchase to learn from.
00:07:11.840 So he's just the most interesting man in the room,
00:07:14.480 but never makes any money from that
00:07:15.980 because he hasn't translated that
00:07:17.480 into intellectual property.
00:07:19.400 The fifth vehicle is in yourself.
00:07:21.640 The reality of it is the best investment you could ever make
00:07:24.760 is in your skillsets and becoming more valuable
00:07:27.960 to the market.
00:07:29.300 You know, I bought my first book when I was 23
00:07:31.660 and that was kind of late.
00:07:33.140 Then I went to my first seminar
00:07:34.680 and I invested $38,000 in an expert
00:07:38.840 over a three year period to teach me everything
00:07:41.380 he had learned about building businesses.
00:07:43.580 At this point in my life,
00:07:44.740 I've invested probably 1.5 million plus in myself,
00:07:48.700 in my coaching, in my skillsets,
00:07:50.980 in my ability to shoot videos just like this.
00:07:53.780 I've paid consultants $30,000 for one hour of their time
00:07:58.000 because they've spent their whole life
00:08:00.220 learning something that they could teach me.
00:08:02.680 And that investment in myself and knowledge,
00:08:04.780 I can translate into different businesses that I own
00:08:07.760 so that I can grow faster.
00:08:09.580 So the best way to invest in yourself
00:08:11.000 is first off, invest in your energy.
00:08:12.840 Get around other people that are gonna keep you positive,
00:08:15.960 not worrying about things
00:08:17.300 and focusing on the possibility of the future.
00:08:19.600 Then try to figure out where you wanna get better at
00:08:21.640 in your life and go buy some books.
00:08:23.680 Study the top three to five books
00:08:25.440 in any category of information you wanna learn.
00:08:27.860 Like if you wanna become great at sales,
00:08:29.720 go get the top three or five books in sales.
00:08:31.460 If you wanna be good at marketing,
00:08:32.480 top three to five books in marketing.
00:08:34.780 Then try to invest in, if you got a little bit more money,
00:08:37.000 go to the events, go get around people
00:08:39.220 that are also passionate about that thing.
00:08:41.980 See, most people get it wrong
00:08:43.420 when they just like learn stuff just for someday, maybe.
00:08:46.160 I call it just in case learning versus just in time.
00:08:49.240 See, you wanna study the thing
00:08:50.860 that's gonna have the biggest impact on your life today.
00:08:53.360 People that go learn and then just put it to the side,
00:08:56.180 I call that shelf help, right?
00:08:58.160 They're trying to learn the latest craze,
00:09:00.140 but they don't even have a vehicle
00:09:01.200 to translate the know-how
00:09:02.620 into anything that's gonna make the money, right?
00:09:04.900 Focus on what's true, not new,
00:09:06.680 the fundamentals, the foundation,
00:09:09.020 not the whiz bang wizardry of the current world,
00:09:11.420 but like these core principles about being a better person,
00:09:15.000 working on your health
00:09:16.040 and really understanding business fundamentals.
00:09:18.680 Investing in yourself allows you to bring you with you
00:09:21.600 and every opportunity for the rest of your life.
00:09:23.720 Those are the best investments you can make today.
00:09:26.160 But if you wanna learn the best businesses
00:09:27.720 you can start in 2024, click the link
00:09:29.920 and I'll see you on the other side.