Date: 2019-11-06 14:45:00
Should you invest in a business or the stock market? Which gives you the best bang for your buck and will make you RICH? I’ve got three reasons to stick with stocks then make sure you see the Wealth Hacker Jeff Rose’s response here https://youtu.be/B1decA69VAc
Anyone with a side hustle or business is faced with one critical question sooner or later, reinvest profits back into the business or into something else. When does it make sense to grow the business by reinvesting profits and when does it make more sense to diversify your wealth in stocks?
Understand I’m not talking about whether you should create an online business in the first place. I’m all-in on that one and love my work-from-home lifestyle.
The more important question is, how much do you reinvest in your business? How much of your hard-earned cash, what percent should you reinvest in your business?
I have three reasons why it might be less than you think and it’s an argument I have with one of the smartest guys I know. Wealth Hacker Jeff Rose says put that money back to work in your business…I say go lean and put that money in stocks!
Which one of us is right? You’ll have to check out both videos and let us know in the comments.
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.