Fu*k Your Get Rich Quick Scheme

Insider Trading is a weekly newsletter that gives an insight into the financial strategies of billion-dollar companies and industries around the world. Breaking down their financial successes and failures in real-time.

Take your business knowledge to the next level by joining the growing number of ambitious business professionals, entrepreneurs, and finance fanatics that receive Insider Trading in their inbox every Friday for $0.

__________________________________________________________________________

Make $40,000 Every Two Days

We see this type of sh*t everywhere.

A day does not go by where I don’t receive a DM or email from someone with a ‘Get rich quick’ scheme.

All you have to do is invest $250 dollars in a crypto/Amazon sales/drop shipping business and you will receive $80,000 a week in perpetuity.

This is OBVIOUSLY a load of SHITE.

But young people are not trained or educated on investing. They don’t understand why and how to invest.

So within this article, I’ll try and break down?how and why?investing today should be your number one priority.

__________________________________________________________________________

Not Spending. Again.

I’m sure at this point my regular readers are thinking -

“We get the fucking point, don’t spend”.

But this is the most important and vital point I can ever make in any article I ever write. I could do economic analysis, company breakdowns, or economy breakdowns and no one would give a shit.

You want to read and learn things that are RELEVANT to YOU.

Have a listen to this absolute criminal

This week I was talking with a friend and they were asking why I’m such a tight bastard with my money.

“Live a little”, they said. “You’re only 23, you should buy and live how you want and enjoy yourself whilst you’re young”.

This is something we’ve ALL heard at some point - Some of you may even believe it. But that’s why I’m here.

This conversation had sprung from the fact I did not want to go to Taco Bell and spend $12 on a Wednesday night.

“12 dollars is not very much”, I hear you saying. “You’re a financial analyst, we know you can afford it.”

The conversation continued and I asked them how often they go to Taco Bell. To which they replied “around 3 times a week”.

This means that this person spends $36 a week, 52 weeks a year which is $1872 per year on Taco Bell.

NOW LISTEN.

That person is 21. If that same person contributed their Taco Bell money to ANY low-cost index fund at an 8% return in 10 years they would have invested?$34,690.34.

That’s a BIG downpayment for a house and the person would only be 32 years old!

How many 31-year-olds have nearly $35,000 saved and all they had to do was cut out Taco Bell?

The table below shows how the money would grow with a 2% variance from the 8% return.

Now you can see why I’m ALWAYS talking about not spending money on stupid shit you don’t need.

#CANCELTACOBELL

__________________________________________________________________________

WE BOTH KNOW YOU LOVED THIS ARTICLE.

To continue reading

SUBSCRIBE FOR FREE!