The 5 Things To Invest In If You Want To Become Wealthy

Welcome to the Business, Wealth and Mindset podcast. Your space for real motivational interviews and cutting-edge business content to inspire your positive mental attitude. And now, your host, Alex Sopala. The first things you must invest in if you want to become wealthy, when to hear number five now when you talk about the word invest most people leave it to you just investing in financial instruments that causes your money to grow that's what they think the word investment but it goes beyond that invest means to putting your time your energy your resources your finances into something that will give you a better return in the future so when we talk about five things you must invest in these five things will produce the type of results that you'll never see in your life if you put into your time your energy your effort and your resources into that right now the first thing and the most important one that you must invest in is your mindset you see wealth and riches is the state of mind that so is poverty meaning that what you think about will eventually determine what your life will produce whether it's abundance or whether it's scarcity so a person who is constantly thinking thoughts of luck based on what they are feeding their mind will eventually produce luck and a person who is constantly thinking thoughts of riches and wealth will eventually produce abundance and the most important way that you can use to really change your mindset is by feeding your mind with knowledge that you don't currently have so what am i talking about now personal development study reading books mentorships these are the things that you actually need but there are far too many people who rely on old knowledge to determine their future outcome you must understand that if you're going to change your mindset we have to change the information that we are putting in to get a different outcome that's one of the reasons why a lot of lottery winners maybe 90 something percent go from having a lot of money to a worse off condition their mindset you see before they came across a lot of money they had a certain way of thinking about money which caused them to be in that position in the red in the first place now suddenly you give that person a million dollars 10 million dollars you think their lifestyle or their life is going to change forever for generations that is wrong it is because they have money in their pockets but their mind is too the same so the moment they get 10 million 100 million dollars you know what they do they go out shopping right they go out partying having a good time perhaps start buying nice homes which is okay going to shop for clothes cars all the material things and they also start investing in things that they actually don't understand so you wonder why in the next three to five years they are worse off than they were before they had money the reason is because your mindset will always bring you back to the level that you're okay and comfortable with so if you don't understand then your mind is an asset that you You must invest in on a continuous basis.

Otherwise, you're not ready to become wealthy. You must read books, watch videos, listen to podcasts attend events be mentored These will allow you to stretch your capacity to think and dream bigger And only then can you put yourself on the pathway to becoming wealthy The second thing is your network. There is the odd saying that your network will equal your network. Meaning the people that you associate with won't determine how successful you will become.

So if your people that you associate with the most are extremely successful, doing well financially, it's only a matter of time before you actually join them. But if your network consists of people who are mostly constantly complaining, people who don't have money, always talking about luck, being broke all the time, the chances are you are one of them. And if you're not one of them yet, you will soon be one of them. Listen, one of the greatest things that I've discovered in my very short time of this planet Earth so far is that people you associate yourself with will determine how successful you become.

That's why you can't afford to call everybody your friend. That's why you must choose your friends and not allow your friends to choose you. You can't open yourself to be influenced negatively by other people. There is a very unique and amazing Bible verse that I love so much.

And it reads that he who walks with the wise will become wise. but the companion of fools will soon be destroyed. What does that mean? That if you walk with the wise over time, it's only a matter of time before you become wise because you become like the people that you associate yourself with.

And if you associate yourself with fools or in this term, people who complain about luck, who always talk about being broke, that, you know, nothing seems to be working out, it's only a matter of time before you become like one of them. So the most important thing that you must do here is that you must begin to look at who are the people that I surround myself with. What do they talk about all the time? Are they actually making a positive impact on my life or just dwell in negativity?

The reason why your network is so important is because they can open doors for you in places where you can't. Even getting into their name and who they are, their reputation can cause things to happen on your behalf. I give you an example. Let's say I need a million dollars for one of my business projects.

And I walked into a bank and I said, listen, I need a million dollars. They will look at my assets and they will say, hey, what collateral do you have or the equivalent that you're asking for? But what is your experience? I said, well, I don't really have much experience.

They are unlikely to lend me up to a million dollars. But if I said, well, wait, wait, wait, wait, I have somebody who can co-sign for me, somebody in my network. And they say, well, who is that person that you have in my network? Do I get a co-sign?

Oh, his name is Warren Buffett. Do you think that I will leave the bank with a million dollars in my bank account that day? Of course I will, because I have someone in my network that can vouch and co-sign for me that carries the name of Brad. Hey, listen, if Alex defaults on that million, I can guarantee that I'm going to pay the million on his behalf.

That's the power of a network. And you must choose the people that you allow into your inner circle. And don't allow people to choose you in their inner circle because the chances are you may be in an inner circle that's not going to help you to make progress in life. And the third thing is the marketable skills.

This is very critical in 2025 and beyond Gone are the days when you relied on your college degree your master your doctorate to get a job There are no more good jobs As a matter of fact there are college students right now that are graduating that they can't find jobs. They are working on department stores and they have thousands of dollars in student loans because they didn't develop skill sets that will make them marketable. The assumption was go to school, get a good job, get good grades get a good degree and then you get a job but unfortunately in 2025 and beyond the world has changed we are in a new era now the new era is a marketable skills what skills do you have that are relevant in our times look in the next five to ten years there are people who won't be able to get a job because ai will take over literally the whole world kids who are going to school today do not be able to get a job in the future i guarantee you that why because now it's all about who has the most skills who has the most unique skills that are marketable and relevant to what we are doing today in the world so as an individual you must ask yourself this question what can i develop now what can i start working on now to make me more valuable why because money follows value and value attracts money if you're not skillful in something today you're not learning AI and using that to help you merge it with your current talents, your abilities, your passions, your business and you think you're going to make it in years down the road, you are in for a rude awakening.

There are people who are losing their jobs today as we speak every single day because AI and that's changing in the economy. There are positions that are completely being eliminated because of robots and artificial intelligence. Develop yourself and constantly think what can I work on what do i need to change in my mindset what skills do i need to develop who do i need to become in my network to produce the kind of results that i'm actually looking for the fourth thing is your brand your brand your name is your brand when people mention your name what is the first thing that comes to their mind what do i mean by brand i mean your character i'm talking about your integrity does your word carry weight does it have a value when you say i'm going to do something do you actually execute or do people say nah man he's just talk he is just talking your word is your body your name is a powerful force that can cause worth and riches to actually come to you there are people today who have a lot of money in their pockets but they have bad names there are people who've been going for years and years but if you imagine their names today to people it just wreaks anger and frustration and why because even though they have a lot of money they have bad names they are not rich they are not wealthy they just have money because your name is your worth in itself there's another bible verse in the book of previs that says that a good name is better than richer so in other words if somebody places a million dollars before you right now, liquid cash in the bank, and then your name is right here.

And they ask, hey, listen, young man, listen, young human, which one would you rather choose? Would you rather choose to have a million dollars or rather choose to have a good name? That Bible verse says, always go for the good name because a good name is better than riches. Money cannot buy integrity.

Money cannot buy character That is why it is important and critical for you to always be a person of dignity a person of character a person who is a noble don take bribes in your business don do shady deals don't do things that will cause harm to other people so that you can gain for yourself that is a bad name but when you develop a good name hey a good name will open doors for you you reap what you sow so so value and do good for the masses worth and riches will actually follow you this is so critical for a lot of people listen let me say this very clear we can have a lot of money but if we have a bad name you are a poor person your name will bring joy to people must cause people to think that listen i would like to be like this person because they stand for something because they are chasing money we see a lot of people in social media today who are chasing money they do all sorts of things they get views and gain attraction and they do so many crazy things just to make money in order to find that the source of that money is bad so they have a bad brand and they have a bad name don't let that be you build a good brand and the last thing is income producing assets i put this last because this is what most people put first most people put investments first monetary things what can i invest in to make money my money grow what stocks should i buy what crypto should i buy what real estate should i buy but listen if you don't have these other four things to invest in to add to this i use the mindset the network the brand the marketable skills you're not really worthy you must be rich with money but you are not worthy so this right here is critical and from a financial standpoint it is the most important because you must be able to put your money into vehicles or do things that will cause your money to continue to grow i've just talked about some of them are you investing in stocks do you have an investment portfolio are you investing in real estate mutual funds you know what is it that you're putting your money into investing in assets or are you investing in liabilities which one of them because if you're investing in your abilities you cannot move on you will be a very poor person in no time you must learn different investment vehicles that you can put your money into to cause your money to grow but here is a question never you invest in things that you don't understand That is why having the right people in your network is so critical because you can have a mentor, a financial advisor who has experience in financial focus and they can tell you, hey, don't do this or do this instead because they have experience.

They can tell you what you know and the mistakes that they've made so that you don't have to make those mistakes. That's the power of leverage. You need guidance on where and when to put your money. You need that mentorship so that you don't make mistakes that have made people lose money in the past.

But admittedly, I will tell you this, that if you apply and you work on these five different things simultaneously, continuously and consistently, it is impossible for you not to become wealthy.