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Would you like to learn how to make your money work for you instead of you work

for your money? I'm Lauren Gilson and I'm excited to share with you some of the

things I've learned in the financial industry, as well as just my real life

experience of being mom, a wife, a business owner. So make sure you watch it

to the end because you'll get some really great content at the very end

when I show you some things.

So we're going to talk about how to make your

money work for you. Now I just want to put this disclaimer right up front,

this is in no way any kind of specific financial advice. What my goal is in

ensuring this with you, is just to give you some overall principles that will

maybe create an understanding for you to dig a lot deeper, ask a lot more

questions and then talk to people who have licenses and who are very qualified

to give you very specific and direct information but I just find that so many

people don't understand that there's these different levels of investing and

the risks and benefits associated with that and then right out front, I just

want to tell you, there is no perfect world, there's always a loss or a there's

always a benefit and there's always a cost and so the most important thing is

just know that, if someone tells you there's no fees or whatever, then you

need to ask a few more questions because any time when you specifically are

talking about specific financial tools built within that that is a way to

pay somebody who's selling it and so the company is there to make money,

the person who is servicing is there to make money and that you're there to make

money and so it's a give and take on what's important to you and where you're

willing to give on that and how it shakes up in the benefits that you're

going to reap from that. So having said that, I just want to share with you the

board that I've created here and so two things,

instruments of debt, there's a lot of people have a lot of really bad you know,

gang of things about down debt but debt actually is an instrument for

creating wealth and so I just put them here, a couple of examples to show you.

So a CD and savings, now that's an instrument of debt and that you take

your money, you actually put it into the bank, they by contract now are using your

money, so by contract, they have your money, they are, in essence, in debt to you

and that it's your money and you have it. It's protected by a contract, so there's

no risk involved in that, they're gonna say, we're gonna use your money, we're

gonna pay you X amount for letting us use that money and the reasons

banks are so profitable is because they're very very good at using that

principle with many people and using and continually keeping their money flowing.

So the downfalls of like a CD or savings is, you have no return and if in

a CD situation, you have limited liquidity, so in savings, you usually have

free, you can access it whenever you want but you have a lower interest rate and

so anytime they can have your money for a contractual period of time, they know

they're gonna use that money and make money and so if you're gonna allow them

to have your money longer, they're gonna pay you a little bit more so that's why

in a CD, you have limited liquidity but there's no risk and there's

no fees there, they by contract will pay you in agreement with whatever was set

up when you set that account of. Now, we can go to other instruments of debt.

And that would be any kind of a cash value life insurance product or

indexed product and because it's a contract for a certain period amount

time, they know they have it, they're going to take that and they're going to

use that to create more money for themselves but they're also going to

pay you and so most of the time these are contractual for a period of time,

within that, they will use a lot of indexed product, so they're capturing the growth

of the market but you're not in the market, you don't own anything, you're in

a contractual relationship and the contract is, you're going to pay them

money, they're going to take their money and they're gonna use it and then

they're going to either give you a percentage of the growth of the market

that they're experiencing, most of the time they will offer no risk of loss,

meaning that if the market tanks, you're not gonna tank with it or if the index

loses, you're not gonna lose but they'll give you a growth so let's just say

the index grows 14% but usually they're gonna cap you, like eight, seven, just

depends on what it is going in and that's contractual, you'll know that

going in. Once again, because they're maintaining your money, it's a

period of time, you have limited liquidity in that and then within that

there's fees in that as well. And so when we go over here to private

ownership, it's a little bit different in that, it's yours, it means if you own it

you get full growth and you have full risk, so that is the benefit, you get the

full growth, it's liquid, especially when you're looking at variable products or

stocks or mutual funds, any kinds of funds, it's liquid, it's available, you can

come in and out. Your potential for loss is 100% yours and the fees are always

going to be there. Now, they have, a it's called active management, it's another

license, it's another investment tool basically, it works like mutual

funds and stocks except for as active managers, they're like a third party

watching over and taking care of your things and they have the ability to watch the

market in algorithms and trends, so it's not so emotionally driven as stocks and

mutual funds and they have the ability to watch it in a way that they always

try to take you out of the market, when it's right, you know, before it falls,

so you're always going to have a little bit of a risk of gain or loss but they're

able to mitigate some of the risk and so it's just another tool that is available

to help you manage and capture some of the growth with your money. So they're

kind of a hybrid between these two and then, with in that we have our own

businesses and and once again more ownership, so we're 100% responsible for

risk and growth and we get to capture that and you know some of the benefits

of that is, you control your own time and you get to have more control of the

results, some of them not so fun things about that is the cost and associating

with that and of course the rest, real estate, the same thing. So it's

always, for me, it's a conversation of how liquid is it, how quickly can I get to my

my funds if I need to, it becomes a question of once again, what's more

important to me that I have control, I have full risk or that I'm managing risk

and I don't have losses. Anyway, so this is just a really broad conceptual way

for you to take a look at the possibilities and kind of put them into

categories that really help you make some decisions, a little bit more

education philosophy based decisions about what you want to do with your

money and the possibilities and opportunities that you have there.

And then just to finalize, I just want to reiterate that you know, it's your

responsibility to ask really pertinent questions and so hopefully, from what

you've learned here, that will actually empower you to ask

questions, like what are the fees, how has money made, what are the time limits,

what are the contractual obligations, what is the rate of return and what can you show

me as far as market performance and past performance.And so ask those really

critical questions that will really empower you to be able to invest your

money with confidence and make your money work for you. Thanks for watching

my video, how to make money work for you. I would love to hear what you learned

in the comments below I actually would like to learn too.

What are you doing in your life to make money work for you? So make sure you subscribe

so you can catch next week's video.

you