The SECRET to Investing Like a Pro: Insider Tips and Tricks

6 May 2023 · 1 min

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This content was created by Eric Siu. This content was uploaded by Eric Siu. This is a YouTube video titled "The SECRET to Investing Like a Pro: Insider Tips and Tricks" (uploaded 2023-05-06). The excerpt is an English spoken monologue by a single speaker (labeled SPEAKER A) offering personal finance/business advice for freelancers and small-business owners — using examples of repeated percentage growth (e.g., +50% year-over-year) to illustrate how income can scale and emphasizing the greater control over daily actions when you run your own business. Metadata notes: content_type=YOUTUBE, thumbnail provided.

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I'm gonna tell you about 2 of the best investments that you can ever make. Now the first one is, let's say you are freelancing or let's say you have your own business. This is your best investment because look at it this way. Let's say you start out and you are making $100,000 or let's say $50,000 in a year. Well, what's to say that you can't grow by 50% in the next year? Pretty reasonable, right? So $75,000, right? And let's say you wanna grow by 50% again. Okay, so $112,000 and another 50%, $168,000 and then $253,000. I'm just going 50%, 50%. And then, you know, eventually you double or you grow by 50% for 2 more years, you're at $569,000, right? And you can continue to grow by 50%, $854,000. And in some years you can grow by 100%, 200%, 300% or so, or some years you might go down. Sometimes a recession might happen, right? But the core thing here, the key thing when you are freelancing, or let's say you have your own business, is that you have a lot more control of your daily actions.