How to make money fast online from home using these three simple steps?

Which level of investing are you at? The answer could mean the difference between being rich or poor.  

How to make money fast online from home using these three simple steps? As I wrote in Cash Flow's book, “If you are a true investor, it does not matter if the markets are going up or coming down. A true investor does well in any market condition.” In other words, your success is not dependent on the market, but on you. How to make money fast online from home using these three simple steps?

How to make money fast online from home using these three simple steps? Success or failure, wealth or poverty, depends solely on how smart the investor is, i.e., what level of investing you are at. A smart investor will make millions in the stock market. An amateur will lose millions.

What level of investor are you?

Below, I’ve listed five levels of investors. In Cash Flow I write about the levels of investors. We will move to be level five investor. And if you are then great because then you instantly grow,

Take a few minutes, be honest with yourself and determine which investor level you are at. Before you can reach your dreams you’ve got to be honest with where you are starting from. How to make money fast online from home using these three simple steps?

Investor level 1: The Novice

If there is nothing in your asset column with no income coming in from your investments, and you have too many liabilities, then you are starting at the bottom level, ground zero.

If you are deeply in bad debt, your best investment right now might be to get out of bad debt.

At this level, you also likely have little-to-no knowledge of money and investing. Another great investment at this level is to simply start investing in your financial education. Read books, attend lectures, read the financial section of the paper, and seek out coaches and mentors. Another great (and fun!) place to start is our free, digital platform of learning and building CASH FLOW, that makes learning to invest fun and profitable.

Investor level 2: The Saver

Most people were taught that being financially responsible means being a saver. If you are a saver, you’re a level two investor. As a saver, you need to be very careful, especially if you are saving money in a bank or in a retirement plan. In general, savers are losers.

Saving is often a strategy for people who do not want to learn anything. It takes no financial intelligence to save. You can train a monkey to save money.

The risk in saving is that you learn little. And if your savings are wiped out, either by market decline or devaluation of the money supply, you wind up without money and without education.

Remember that the U.S. dollar has lost 85% of its value since 1971. It will not take long to lose the rest of its value. While it’s true that savers do sometimes enjoy interest on their money, the interest rates themselves rarely keep up with inflation rates. It’s a loser's game.

If you are a saver, I suggest taking a few courses on investing, either in stocks or real estate, and see if anything interests you. If nothing interests you, then keep saving and praying.

How to make money fast online from home using these three simple steps? keep reading.

Remember that the bond market is the biggest market in the world simply because most people and businesses are savers, not investors. This may sound strange to savers, but the bond market and banks need borrowers.

How to make money fast online from home using these three simple steps?

Investor level 3: The Amateur

This level is similar to level two, except that this level invests in riskier instruments, such as stocks, bonds, mutual funds, insurance, and exchange-traded funds. How to make money fast online from home using these three simple steps? 

This is amateur investing at it’s best. A person at investing level three understands that they need to invest, but they don’t really know where or how to invest. So, they default to what is easy and right in front of them: 401(k)s and easy investments like mutual funds. Often they also have a financial advisor, who is really just a salesperson for financial companies.

Amateur investors are financially uneducated and look for people to tell them what to invest in. People in the E and S quadrants have been forced into the investing game because of changes in retirement plans. They have little interest in investing in their education so they can become better investors. They know little-to-nothing when it comes to finances, which means they have to rely on the advice of other so-called experts.

What are the chances of an amateur investor becoming financially free? About as much as winning the lottery.

The risk at level three of investing is that, if the economy crashes, the investor loses everything—and learns nothing. Why? Because nearly everything the investor has is bound up in one asset class—paper assets, a.k.a., the stock market. They are not truly diversified. And because they have advisors make decisions for them, they don’t understand what went wrong and why.

If you are ready to move out of level three, invest in your financial education and start to take control of your money. Once you’re ready to start making your own investment decisions rather than letting an advisor do it for you, then level four is a good level for you.How to make money fast online from home using these three simple steps. 

Investor level 4: The Professional

Very few people invest the time to learn and manage their own money. But once you get to that point, you’ve become a professional investor. The key to success at level four is lifelong learning, great teachers, great money digital course, and like-minded friends.

Professional investors seek answers. They often ask questions like:

• What do you recommend I invest in?

• Do you think I should buy real estate?

• What stocks are good for me?

• I talked to my broker, and he recommended I diversify. What do you think?

• My parents gave me a few shares of stock. Should I sell them?

Rather than passively dump their money into a 401(k) or mutual funds, professional investors interview several tax advisors, attorneys, stockbrokers, and real estate agents, find advisors who practice what they preach, and run fast from anyone who is selling investment advice and getting rich on commissions and fees alone. They look for investment advisors who make money investing in the same investments they are selling.

I often find that many high-income employees and self-employed folks fall into the Professional investor category because they are busy and have little time to look for investment opportunities in the way that capitalists and entrepreneurs do.

Level four investors take control of their lives, knowing that their mistakes are their opportunities to learn and to grow. The fear of investing does not frighten them. It challenges them.

Once you reach level four of investing, you begin to see opportunities where others don’t and the fear of failure drops significantly. Many level four investors are looking at today’s economy and getting excited that they could make a fortune on the other side of it. Level three and below are running for the hills and that’s just what a level four investor wants.

Investor level 5: The Capitalist

To me, being a capitalist investor at level five is like being at the top of the world. The world is your oyster. The world has no borders. In this world of high-speed technology, it is easier than ever to be a capitalist in a world of plenty.

Capitalist investors look for problems. In particular, they look for problems caused by those who get into financial trouble. Investors who are good at solving problems expect to make 25 percent to infinite returns on their money. They have a strong financial foundation and possess the skills necessary to succeed as business owners and investors. They use those skills to solve problems caused by people who lack such skills.

Not only do level five investors make their living from their investments, but they also multiply their wealth exponentially by putting the velocity of money to work for them. We can accurately described the velocity of money as “compound interest using someone else’s money.” Capitalist investors understand how to use other people’s money (OPM), to make great investments in multiple places, keeping money moving fast to make great amounts of it.

If you are at this level, keep learning and keep giving. Remember that true capitalists are generous because a successful capitalist knows you must give more to receive more.

Level up your investing! 

What type of investor do we want to be?

One great thing about freedom is the freedom to choose to live the life we want to live. 

How to make money fast online from home using these three simple steps. Check our digital courses that will help build the asset column with cash flowing assets that create passive income (income of the wealthy), and cash flow. All rights reserved, this material is copyrighted.