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Thread: Not really understanding the funding money at brokerage firm...

  1. #1
    KTDA is offline
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    Default Not really understanding the funding money at brokerage firm...

    Hey folks.

    I'm referring to chapter 37, Step 4. It says when you reach $1000 to "fund your money system at a brokerage firm."

    I kinda get what a brokerage firm does, but don't understand what use it would be this early in the game. Is anyone able to explain this please?

    Cheers

  2. #2
    Topher is offline
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    Quote Originally Posted by KTDA View Post
    Hey folks.

    I'm referring to chapter 37, Step 4. It says when you reach $1000 to "fund your money system at a brokerage firm."

    I kinda get what a brokerage firm does, but don't understand what use it would be this early in the game. Is anyone able to explain this please?

    Cheers
    I'm wondering the same thing, thanks for asking this question!

  3. #3
    RichKid is offline
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    I vaguely remember that portion of the book.

    I believe it's just to show you how you can start deriving passive income from investments. The end goal of the fastlane after all is having enough money/cash socked away working all day for you while you do whatever the heck you want.

    Obviously you ain't getting rich off that 1G, but eventually that G should turn into a few Ms (millions) or more when you sell that fastlane business of yours.

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    Topher is offline
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    Thanks for your input in this, i appreciate it. I think what we're both probably looking for is advice or techniques in the initial investment of our business asset. Do you think it is more valuable to keep pumping money into the business, keep some aside for investments, or maybe both?

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