Yesterday at Mike Geary’s mastermind, we were all lounging on the couches when a conversation about investing broke out.
I listened intently as Mike explained to my buddy Jimmi Sparling about all the investments he’s involved in.
Things like…
Apartment buildings…
Lending money to other businesses…
Investing in businesses for a % of the equity…
Investing in the ski resort where he lives…
Honestly I could have listened to Mike talk about this all night.
Cause the dude knows a LOT about growing your money once you have it.
What’s interesting is that as I was listening to Mike, there was a part of me that felt like I was “missing out” on something.
I thought “maybe I’m doing something wrong” with my investments.
Cause I’m not involved in any of that stuff.
I thought maybe I don’t know what the hell I’m doing when it comes to investing.
However…
The more I thought about it, it dawned on me that even though this way of investing is a good fit for Mike…
It’s not really a good fit for me.
Why?
Because I want my investments to be much more passive.
I don’t want to manage rental properties.
I don’t want to negotiate deals when loaning money to businesses.
I just want to stick my money in an index fund and forget about it.
That’s why the bulk of my money is sitting in a Vanguard fund that’s 70% stocks and 30% bonds.
It’s truly passive.
I look at it about once a month.
And if I can get a typical 7% return on that over the next 30 years, I’ll be quite happy.
I have no idea if that’s more or less than what Mike is getting.
That doesn’t really matter.
Cause for me, this way of investing is a better fit.
And that’s the point I want to make.
Just because something is making money for someone else, doesn’t mean it’s the right fit for YOU.
Maybe you don’t enjoy doing what they’re doing…
Or maybe it gives you anxiety (like the idea of managing rental properties does for me).
Either way…
You have to figure out what works for YOU.
And what you’re comfortable with.
Cause there’s a million different ways to make money.
No reason you need to be doing one that’s not a good fit for you.
Make sense?
I hope so.
Cause that’s all I got for ya today.
We have another day of masterminding going on…
And prolly a little Spikeball later as well.
Full report coming tomorrow…
Take care,
– Justin
P.S. – I was up early this morning, and snapped a pic of the mountains behind Mike’s house here in Utah.
One of my favorite places to be…
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