Dan Martell - April 12, 2024


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

Topics
index funds collectibles
Hosted by
Dan Martell
Mentioned
Warren Buffett Manny Koshpin Andy Frisilla John Bogle Ray Dalio
STOP Playing Small Do the Hard Things and Find People to Help

Episode Stats


Length

9 minutes

Words per minute

213.53

Word count

2,032

Sentence count

67


Summary

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

The people who lose their money are the ones that are looking inside the crystal ball, always trying to predict the future, making investments on trends, speculations, or emotions. That's why I wanna share with you the best investments you can make today to actually get ROI so you don't eat shattered glass.

Transcript

Transcript generated with Whisper (turbo).
Topics generated with Qwen2.5-3B-Instruct.
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
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.