Financial Freedom Plan – Early Investing

I’ve been pondering quite a bit about freedom within the wake of Supreme Court docket Justice Ruth Bader Ginsburg’s passing. As Individuals, freedom is in our DNA. It’s written into the Declaration of Independence.

We maintain these truths to be self-evident, that every one males are created equal, that they’re endowed by their Creator with sure unalienable Rights, that amongst these are Life, Liberty and the pursuit of Happiness.

It’s written into the Structure. Right here’s a partial checklist:

Congress shall make no legislation respecting an institution of faith, or prohibiting the free train thereof; or abridging the liberty of speech, or of the press; or the appropriate of the folks peaceably to assemble, and to petition the Authorities for a redress of grievances. — The First Modification

A properly regulated Militia, being essential to the safety of a free State, the appropriate of the folks to maintain and bear Arms, shall not be infringed. — The Second Modification

The proper of the folks to be safe of their individuals, homes, papers, and results, in opposition to unreasonable searches and seizures, shall not be violated, and no Warrants shall situation, however upon possible trigger, supported by Oath or affirmation, and notably describing the place to be searched, and the individuals or issues to be seized. — The Fourth Modification

It’s written into the nationwide anthem — “the land of the free and the house of the courageous.”

Many of those freedoms have been lengthy denied to girls and folks of colour. Ginsburg spent her life making an attempt to vary that. She fought to verify America’s freedoms have been for everybody.

However there’s one freedom that the Structure is silent on — financial freedom. And that’s a significant issue. With out financial freedom, it’s onerous to take pleasure in our fundamental rights to life, liberty and the pursuit of happiness.

You perceive this. It’s why you’ve joined the Early Investing group. You need the liberty to reside a wealthy life.

Everybody’s definition of a wealthy life is completely different. It could possibly be proudly owning a giant home, being able to assist others or with the ability to retire comfortably. It is likely to be shopping for that boat you’ve at all times wished or lastly taking that journey overseas. 

No matter what your definition of a wealthy life is, financial freedom is the cornerstone to attaining it.

Sadly, securing financial freedom as we speak is more durable than it’s ever been.

Shares are costly, and bonds are lagging. Home costs are rising, and millennials are struggling to purchase their first houses

Shares, bonds and actual property. These three property have been the trifecta of financial freedom for generations of Individuals. However they’re not working the best way they need to be anymore.

Financial freedom isn’t assured within the Structure — or by legislation. In reality, the federal government is extra more likely to stop you from residing a wealthy life than enable you. It’s one thing every particular person has to seek out for themselves.

So as we speak, I come to you with an Financial Freedom Plan — one thing that may assist all of us lead a wealthy life.

  • Put money into startups. Twenty years in the past, we may go on the inventory market, put money into $500 million corporations and watch them develop into corporations price billions (or trillions) of {dollars}. We are able to’t do this anymore. One of the best corporations keep non-public as they develop from a $50 million or $100 million firm right into a $1 billion or $three billion firm. Non-public buyers make all the cash common inventory buyers used to make. However there’s excellent news. You generally is a non-public investor too! Because of the JOBS Act, common buyers such as you and me can put money into small non-public startups — usually whereas they’re nonetheless price lower than $10 million or $20 million. A profitable funding can provide you returns of 10x, 50x, 100x or greater. That’s an opportunity to generate actual wealth — and financial freedom.
  • Struggle for higher investing guidelines. The federal government doesn’t belief common buyers such as you and me to handle our investments or our cash. Our nationwide debt is $26.eight trillion because of many years of profligate spending. However we’re the folks that may’t handle our cash. That’s ridiculous. Proper now, sure startup investments are reserved for folks price $1 million (excluding foremost residence) or those who made no less than $200,000 a yr ($300,000/yr if a family) for the final two years. Everybody ought to be capable of put money into these startups — not simply people who find themselves already rich. That’s what financial freedom is about. We must always have each proper to put money into the identical startups as enterprise capitalists and different wealth buyers. And we should always struggle for it.  
  • Struggle for transparency. Proper now, startups are prepared to offer enterprise capitalists info that they received’t give startup buyers such as you and me. That’s unfair. We’ve got each proper to make an knowledgeable determination. However we are able to’t make the perfect selections when entry to info is saved from us however given to different buyers. We have to struggle for a fair and clear taking part in discipline.
  • Put money into crypto. In the event you had invested $5,000 in Microsoft when it went public in 1986, the shares alone could be price greater than $10 million as we speak. Investing in crypto now’s just like investing in Microsoft in 1986 or Amazon in 1997. Crypto is a brand new asset class with superb long-term potential. It’s a uncommon alternative to generate wealth in as we speak’s financial atmosphere.
  • Mix analysis and knowledge. There isn’t a single “proper” option to make investments. The hot button is to make knowledgeable investments. Meaning benefiting from the in-depth evaluation and analysis that we do on startups and crypto at First Stage Investor. We spend hours speaking to founders each week. And each minute we’re not speaking to founders, we’re taking deep dives into the startups themselves or trying into crypto alternatives (click on right here to enroll). It additionally means trying on the startup analytics and rankings that our buddies at KingsCrowd pull collectively (click on right here to enroll).

This five-part plan ought to enable you get financial freedom so you’ll be able to construct a richer life. I hope our founding fathers could be proud.