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Buy Skills Instead Of Stocks

Name: Buy Skills Instead Of Stocks
Uploaded: 2024-11-17T15:00:06+00:00
Duration: 1 min 15 s
Channel: Shanli Liu, CPA, CTP
Description: In this persuasive monologue, the speaker argues that when resources—time and money—are limited, the most effective leverage comes from investing in…

17 Nov 2024 · 1 min

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1:15

In this persuasive monologue, the speaker argues that when resources—time and money—are limited, the most effective leverage comes from investing in personal skills rather than traditional financial assets like the S&P 500. Using a $1,000 example, they compare the modest 9‑10% historical return of the stock market (yielding about $1,100 after a year) with the potential earnings boost from a sales‑training program that could raise annual income from $40,000 to $220,000, an extra $180,000. The speaker emphasizes that education is a non‑depreciating, untaxed asset that compounds over time and cannot be seized, making it a superior investment. The conclusion is a strong, profanity‑laden endorsement that buying skills consistently outperforms putting money in stocks.

Chapters

Right now you have limited resources. You have time and you have money. Now you might have more time than money, but either way you have some limit on what you have. So you want the thing that gives you the most leverage. If I have, let's say, $1,000, when you invest $1,000 into the S&P, you get 9 to 10% a year, or at least that's what it's done historically. So the question is, rather than investing in this, we just have to say, can we do anything that gets us more than 10% back? Now we can quantify this. We have our $1,000. We get 10%, meaning at the end of the year we're at $1,100 roughly. Okay. Or you buy a sales training course and they teach you how to sell and you get implementation from that where they review some of your calls so that you can improve. And all of a sudden you take your income from $40,000 a year to $220,000 a year. In scenario 1, you have $1,100. In scenario 2, you have an extra $180,000. So compare this to that. But here's the crazy part. This is every year. If you think about it from actually an investment perspective, like education can't go down, it can't be taxed, it can't be taken from you and only gets better over time. Right. And it compounds unto itself. Is that worth it more than putting the money in the S&P? In my opinion, every fucking time.