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How to start your own money system

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njord

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Hey guys i was wondering what resourses are the best to read into for building your own money system.
MJ does mention money systems in unscripted but i would like to know more about them, what options there are ect.

Im about to sell my house for 50,000€ profit and im considering putting the money into a money tree (system).

- I want to keep my money flexible if possible, so when i find an opportunity I can extract the money when i need it.

- Has to be relatively safe so i wont lose it with the next economic crises

- +5% rent
 

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ZCP

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@njord let me help you with the wording of your question:
Hey guys, I read through @MJ DeMarco 's discussion on money systems in Unscripted. I am about to go to some serious research on the matter (including searching the forum and bookmarking threads) and report back here to help provide value to the community.

In the meantime, could you help point me to any threads or advice on the matter? I'm about to have 50,000€ from a home sale available and am looking for options to start my tree. Any help is appreciated and maybe we can build a guide for others.
 

njord

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But my parents told me money doesn't grow on trees
Yes it does what you do is plant all your money in the ground and tell me the exact location, then ill water it for you and you can come collect the first returns in 1 month time!

Anyway in all seriousness @ZCP that is a good idea I would like to make a topic with detailed information on money systems. If people know good resources to point me in the right direction that would be great!
 

MJ DeMarco

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What part of the EU? Because I believe things may be slightly different there. @MTF might be able to help in that regard.
 

MTF

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Im about to sell my house for 50,000€ profit and im considering putting the money into a money tree (system).

- I want to keep my money flexible if possible, so when i find an opportunity I can extract the money when i need it.

- Has to be relatively safe so i wont lose it with the next economic crises

- +5% rent

I think it's one of those things where you can pick two out of three, though 5%+ and safe is unlikely (given your short-term approach).

IMO if you want to grow a money tree, you can't think of this money as "when I find an opportunity I can extract the money." By definition, it's not really a money tree if you're ready to rip it out of the ground when another opportunity comes.

What part of the EU? Because I believe things may be slightly different there. @MTF might be able to help in that regard.

I actually don't invest that much in Europe other than some blue chips, but stable 5% dividend yield is impossible. The closest now would be Sanofi with ~3.93% yield, Novartis (if we count Switzerland) with 3.37% dividend yield and Unilever with ~3.04% dividend yield.
 

njord

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I live in The Netherlands,
I think it's one of those things where you can pick two out of three, though 5%+ and safe is unlikely
To bad I thought I read that it was possible in unscripted may have misread it though?

Any way @MTF do you have any resources or know where I can find more information about investing?

I keep hearing doom scenarios from friends and family saying ill just lose all my money with stock I want to know what im doing so I dont:)

Iv googled books on investing I just have no idea where to start? Any tips?

https://www.amazon.com/s?k=investing&i=digital-text&ref=nb_sb_noss_1
 

MTF

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I keep hearing doom scenarios from friends and family saying ill just lose all my money with stock I want to know what im doing so I dont:)

Ask them if they've ever invested any amount of money into anything, not even the stock market. Then ask yourself if you should listen to people who have no real-world experience with investing because most likely none of them even have a brokerage account.

I used to believe in the doomsday scenarios, too. Even posted a thread about it: GOLD! - If You're Doing This, You're Fooling Yourself That You're an Independent Thinker

As far as I remember I simply started here with Investopedia. You can start here:
Investing 101: A Tutorial For Beginner Investors
Stock Basics Tutorial

And then research whatever you want to learn in more detail. Remember that investing is not exact science, a lot of advice that you'll get will be subjective (meaning: it's an opinion, not a fact). Don't rush your decision to invest, better to keep your money in the bank than invest in something you don't understand.
 

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