What You Should Invest In – Jerry Fetta
Investing is not something I learned about until I was 16 years old. I was shown a chart called The Rule of 72 and it showed how quickly money would double at a 3%, 6%, and 12% rate of return. I remember being in awe. That was the first time I realized it was possible for me to become a millionaire. Before then, it was not even a reality I considered day dreaming about. Since then I have studied, seen, and even brokered almost every investment known to man. There are literally dozens of categories and thousands of options. My intention is to help you gain clarity on what to invest in. But first we must understand that invest at its root means “to clothe” and was later adopted in the sense of “to clothe one’s capital to produce profit”. So, we can probably agree that his is essentially meaning to say an investment is something we put out money inside of that produces profit. Now that we have this understanding, we can talk about what to look for.
- Gross income is king. An investment must produce gross income that is paid out regularly. Why? Because income is the key to wealth. We must make money, keep money, and multiply money and this is done through creating multiple sources of income. The average millionaire has at least 7 sources of income. Income can be relied upon and counted. We know for certain it will be there and it is recurring.
- Never abandon known income for hoped for appreciation. Appreciation is the term used to describe the value of an investment going up. This can be sold at a profit and a gain can be realized. Here’s the problem: appreciation is gambling. We can’t predict it, we can’t control it, and it can go down just as fast as it went up. Additionally, we must sell an asset to gain any value from our appreciation. How much consideration should we put on appreciation? Absolutely none. Pretend it doesn’t exist. The fact is, when we inflation adjust the appreciation on most investments it is simply a mirror of our inflated money supply. Never invest for appreciation.
- Always buy tangible, controllable assets. We do not invest in things we cannot touch, hold, and see. This means the stock & bond markets are out. Tangible assets that can be controlled are things like income real estate, small businesses, land leases, oil & gas projects, and other assets that produce income and are physically tangible. We need to be able to secure our money to an asset that cannot disappear. We also need a degree of control over the asset so that we can predict a stable income.
- Do not put money in a 401k or IRA. The 401k and IRA are one of the scams released by Wall Street and the federal government in the 1980’s. The 401k & IRA locks our money up until we are 59 and a half, puts severe penalties in place for early access, restricts use, and sets us up for a massive tax bill when we finally use the funds. If you are already in a 401k or IRA you should stop contributing and instead roll it into a self-directed IRA to gain back control and reduce your fees. If you aren’t in a 401k or IRA, do not put your cash into those golden handcuffs.
These 4 steps should get you started. I also recommend reading The Millionaire Booklet by Grant Cardone. Click here to get access to a free copy. This book will break down the fundamentals of building wealth and it is less than 50 pages long.
If you’d like to meet with a WealthX Pro, click here. We can lower your life insurance, health insurance & investing costs by 73%, guarantee an increase in your savings rate, and secure an 8-10% fixed annual return on your investments in only 2 meetings!
Own Your Potential!
Jerry Fetta is a husband, son of Yahweh, Entrepreneur and owner of 5 privately held businesses. Jerry lives in Alaska with his wife and 2 dogs. His no-nonsense approach to business, finances, and life speaks truth and provides clarity to his clients and followers. His personal mission in life is to empower millions of leaders to own their God-given, ultimate potential.