HOUR 121: The Tai Lopez Show: Episode 17/11/16 - How To Invest Your Money with Tai Lopez.
Here are my takeaway points:
When it comes to investing money there are negative investments, positive investments and neutral investments.
Your lifestyle is a negative investment, however it is a necessary part of life, the goal though is to not spend more than you make. Do not go into debt.
A positive investment is when you buy low and sell high and make a profit, and even though a classic car may be an investment, it’s never usually a great investment.
A neutral investment neither makes or loses money and he uses leasing and renting as his examples. When you take out a lease instead of purchasing something outright , you free up your money for other investments. Also, if it’s used for business there can be tax advantages, but you need to plan this with your Accountant.
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Website: http://www.tailopez.com/
Dr. Tyson E. Franklin
www.tysonfranklin.com
www.365HourChallenge.com
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