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How Would You Invest $25,000? 💵

Alex explains why he skipped investing early on: he believes you should keep spending money on skills until you can't anymore, and now donates to charity boards to learn from other high-net-worth donors.

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Alex
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MoreMozi

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Short
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MoreMozi Shorts
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Key takeaways

  • My sales guys come up to me and they're like, "Dude, I got 25 grand.
  • So, I'm just like curious, what kind of investments should I be getting into?
  • The reason for that was because my belief is that you should spend all of the money that you have to acquire skills until you can't spend money on acquiring skills anymore.

Chapters

  1. 0:00
    Abschnitt 1 My sales guys come up to me and they're like, "Dude, I got 25 grand.

Full transcript

Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.

1 segments

0:00My sales guys come up to me and they're like, "Dude, I got 25 grand. You know, I'm feeling pretty good. So, I'm just like curious, what kind of investments should I be getting into? Crypto's looking pretty good right now." And it drives me nuts because I'm pretty sure I didn't have any money in my bank account at any time until I had a million dollars in my bank account within a couple months. The reason for that was because my belief is that you should spend all of the money that you have to acquire skills until you can't spend money on acquiring skills anymore. And you can pretty much always spend money to acquire skills. It's just do it differently. And so, like the higher up you go, now I have to make donations to charities in hundreds and millions of dollars in order to get access to the boards of these charities who are other dudes who can donate hundreds of thousands and millions of dollars to this charity so that I can then see what they know so that I can learn faster.