How to control money? What do you do when you get a sudden influx of cash and why? You should read this content even if you have no money at all? My name is Sobuj Rana, the best affiliate marketer.
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All right, so believe it or not, I actually received several comments pretty regularly of people that receive a sudden influx of cash. So either they get an inheritance of some kind, they want a lawsuit, a divorce settlement, something like that, and they come looking for advice. What to do with the money. So here's what you got to know: making money. This is my perspective. Making money is easy compared to saving and multiplying money. So if you haven't mastered making money yet and you don't know what to do with it, just sit on the money, forget about inflation, forget about bitcoin, forget about stock market investing, or you'll put it in a frequent bank account and sit on it and learn a particular investment style until you learn what to do this.
This could be the starting online business. This could be investing in a rental property, investing into a stock. But you don't touch that money until you know all right, you know for 100% certainty that your money is going to turn into more money. Now this is not going in. Reading a few blog posts for a month and all of the sudden you're an expert, so I've got.
I can't tell you how many people come on here like Bob. It's all about fruit bitcoin getting 40% gains a week. These are fools, they say full followers. Money is soon parted. Money is hard to manage and if you're in this frenzy of what do I do with the money, how do I turn into more money? You're going to lose it. It's so hard to keep on the money and it doesn't matter your age, because money is very, very hard to manage. How to money manage?
So you have to be slow, you have to be calculated and you have to be in control and you're not in control when you're sitting there oh my god, inflation. What am I going to do? How am I gone turning the more profits do now? Bitcoin, you got to just settle down for a little bit and sit. Sit on your hands is what they say. Buffet does this lot. That is why it keeps a lot of cash around. You do not touch an investment until you know.
So that's said, if you're looking for stuff to do here, just some thoughts off the top of my head-first of all, trust, no one, trust, not a single person. All right. So when you start getting a lot of money, everyone wants to tell you what to do with it. Everyone wants a piece of it. So just for the sake of doing it, doing my my leg work, I went to a couple of advisors just to see, you know what what you know, just to get some input from other people. Each one of them.
They had nice offices, they had fancy clothes, they had their golden watches and when I asked them what they personally invested in, they were like I have, and you know I don't really like to talk about my personal investments, but they have. The people have no money. So how am I going to go? And why would I trust financial adviser that is unable to manage their own money? That's what people want to do. With no money. They want to manage your money.
They want to tell you what they do. Give you advice. Do not trust a single person. All right, so everyone just keep that. Everyone wants your money and they want to do the least amount that they can do for it. So that's number one, number two, especially if you're inheriting like $500000 or more. Pick some investment style and just go to town on consuming as much information as you can about it. So there are many different ways to get a return on your money.
It could be investing in stocks, it could be investing in real estate, whether it be commercial, single family, it could be buying farmland. There are proven ways to go about this, but it's going to take you years to spend years going in, looking at properties, reading books, getting going to events, going to, getting a paying for mentorship, invest in that because even though you're losing that inflation, you're not taking big chunks of losses, which is very easy to do when it comes to investment.
So avoid things like big coin. I don't care what anyone says you're on, especially people like, do you? You don't stick to what you know, stick to what you know. If you. If you went and spent a month learning about bitcoin, that's nothing, it's nothing. That's that's just like child. That's child play learning. You're still a freeman beginner, you don't know what you're doing. So that's that's my second thought.
Third thought is is that if you're really concertos concerned about inflation, if it's really like getting you, because when you start getting a lot of money, that starts to become more of a once, because you start seeing it's about two percent, a little bit more than two percent a year right now in the US. If you're not sure what to do, drop it into a short-term drop it into short-term US treasury bonds.
At least this way you'll stave off the bleeding and you'll be able to sit back, calmly, calculate and analyze the situation until you figure out what to do. All right. So what guys just calm when get big sudden influx of cash, just settle down, breathe like, tie your hands behind your back, just let the money sitting there start learning start consuming.
So why this is important with Aunch Penner Ship is money essentially, especially if you want to continue to play the game of Lechner Ship. Money basically represents your freedom and your ability to continue to play the game. So I see once Berners come in all the time, do really well and bust out because they have horrible management of their money.
I was one of those people when I was younger, like a lot younger, I did dumb stuff. I did all the dumb stuff. This is why I'm telling you this: I tried. You know I did the carved thing. I invested in, you know, the gold and silver when that was like all hot, like six years ago or so you know, there's a certain amount like hype and an energy that goes into these bubbles.
Tt's easy to get sucked in. So you know, luckily I didn't lose too much money on that because I was a little bit wiser at that point. But these are things that you learn slowly but surely, overtime, or you can spend and cram for like a year or two, going to events, getting mentorship, reading books until you've mastered a particular investment style and even then know that you can still potentially lose money on free occurrences.
So, where going with this guy? If you want to be an open, it's more than just now accumulating money, it's more of a discipline, a certain sense of mental calmness, mental stability. You cannot be freaking out, an emotional and have money at the same time. If that's you and you just received about a bunch of money, if I was you, I would just lock. I would lock that money up in either again, short-term CDS or short-term treasury bonds, just so I don't do anything stupid and then start learning what to do with it. Online money control.
After that and again, beware of financial advisors. There are some good ones out there, but but the way it works is they get paid regardless of how they do so. Just slow down, learn the game of money, learn how to do it, so you know who's real, whose face and then whom you can trust. There's very few people. It's a slow process and with that said, if you want to start your own online business, I do recommend you start with affiliate marketing.
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