There is no doubt that investing is the ideal way to create wealth. This is because investing gives you the platform to put your money into ventures that can potentially give you a high rate of return. There are many ways to invest your money in the modern world, either in mutual funds, bonds, real estate, cryptocurrencies, or many other industries. Of course, your investment magnitude and goal can be influenced by the size of your income, among other factors, but whatever the case, investing remains essential for success.
Jimmy Bennett is a successful speaker, investor and also as of recent a new author with numerous investments in various industries. He runs multiple companies globally and invests in many causes that support vulnerable groups. Jimmy is a self-made multimillionaire who rose from being a homeless high school dropout to making his wildest dreams come true. Jimmy shares a remarkable story of overcoming impossible odds to achieve massive financial success. The highly passionate speaker has now turned to help others find their success by sharing his story of hope and resilience. He has shared with people across the globe, imparting his knowledge about financial freedom.
One of Jimmy’s key highlights throughout his teachings has been the importance of investing. Jimmy believes that investing is a great way to build wealth and gain financial freedom to live a better life. He started small as an entrepreneur working hard to save money and subsequently channeling it into investments, and that’s how he was able to amass his wealth. Investing will allow you to grow your money while still attending to other income-generating activities, increasing your chances of gaining financial independence. 70/30 rule he says, he once heard well known personal development speaker Jim Rohn discuss. 70 percent of your income for expenses, 10 for active capital (money that requires time or effort), 10 for passive capital (that’s money that requires no work) and 10 for charity. Jimmy found this to be a winning formula.
Everyone has financial goals, and it can be challenging to make them a reality if not through investing. Jimmy believes that the returns from investments can be used to fulfill these goals, whether it’s building or buying a home or purchasing a car, starting up another business, or simply meeting your other financial obligations. He challenges everyone to consider having their money work for them through investments to still earn without having to work.
Jimmy also points out that investments are a ticket to a financially stress-free retirement. No one wants to have money problems in their old age, and that’s why you have to plan for it now. Jimmy believes that you should factor in investments as part of your retirement plan, highlighting bonds, real estate, and mutual funds as viable portfolios you can look into. The goal is to have an income-generating venture that doesn’t need your daily presence to be profitable.
Jimmy shares that there is never a small or minor investment as they all have a great significance to the investor. He wants everyone to learn and appreciate that investing is not only meant for well-off entrepreneurs. To him, everyone stands an equal opportunity to grow and be successful, and what separates the most successful from the rest is the decision to start even when it’s not clear what the future holds.