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.
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