Investing in stocks of companies like Apple or Nike allows you to potentially earn thousands or millions of dollars as the company grows, whereas buying physical products like iPhones, sneakers, or luxury items causes them to immediately lose value; therefore, building a portfolio through stock investment creates lasting financial legacy while physical purchases are merely consumption that depreciates.
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IShowSpeed Got Some Financial Advice From A Billionaire #ishowspeed #ishowspeedshortsAdded:
Do you have an iPhone?
>> Yep.
>> Okay. So, it's made by Apple. Apple trades on the stock market. So, imagine this. Every time the new iPhone comes out, do you buy the new iPhone?
>> Yes.
>> Okay. If you didn't buy the new iPhone, but you bought a share of Apple stock, you'd be making thousands and millions of dollars as opposed to just having the new phone.
>> So, I got to buy a stock and an Apple.
>> You got to buy the stock, not just the phone. I am an educator in the space of Wall Street. So, I try and get people to invest in stocks and not stuff. Instead of buying the next pair of Nikes, if you buy shares of Nike, that's going to go up. The minute you buy a Nike pair of sneakers, it goes down in value. You buy an iPhone, it goes down in value. You buy a Rolex, it goes down in value. But if you buy the shares of the stock that makes that, it may go up in value. So, you're creating a legacy. You're building a portfolio. You're investing in your future. That's what it's all about.
>> How you start buying stocks. Basically, >> you got to buy start buying stocks. If you need to, I'll be happy to help you out with that. That's what everybody should be doing as opposed to just buying stuff. You should be buying stocks. Make sense? Come over.
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