Transcript:

we're good- Hey, it's ClayTrader and this quick tip videoI wanna talk about the core concept to having long-termsuccess as a trader, to having consistency,if you want to have any hope to be able to work from homeand trade and that is education.Now you may be thinking, "Okay Clay, you're just saying"education because you have courses for sale,"and you want me to buy a course."And if I'm being honest, yeah, I'd probably think thesame thing, so I've been thinking to myself,how can I get across the point that I truly dobelieve in education and that this isn't just somesort of sales pitch?And then it finally dawned on me.Why don't I talk about my experience with investingin real estate education?And I use the word investing because that is whateducation is.It's an investment that's always gonna pay back,it's always gonna bring you continual returns.So a little bit of background, I trade stocks,but then as far as my long-term investment strategyis concerned, I invest in real estate.Few years ago when thereal estate market was tanking, people were jumping outof windows, there was blood on the street, panic everywhereyou looked, I thought hey, this sounds like a good time toget involved in real estate.But before I wanted to get involved,I wanted to get educated.If stock trading taught me one thing, it was get educatedbefore you get started.When I started with stock trading, I justsigned up, created an account, put on my blindfold,grabbed some darts, and started throwing them at the board.And sure, some landed on the board, some even hit thebullseye, but some landed way off and I had no consistencyand ended up losing money, so I wanted to avoid thisfor real estate, especially when you're buying houses.You know, buying a stock, little bit less money than whenyou're buying a house, so, decided you know what?I need to get educated, so, the result of thatis everything you can see right here.Books, courses, DVDs, all sorts of things,and it's one of those things where I truly dobelieve in education and it really does work.So what I did waswent back in my tax books, grabbed the cost of everythingthat I've spend on education, and I just wanna go over this.That way I can put some numbers to what I'm saying, soas far as books are concerned, I spent $291.38,and then as far as courses, you can see all these courseshere, DVD part of courses, binders, stuff all over theplace, I spent $3,208.43.And then I really took the education to an extreme,and I'm not saying you have to go get licensed as a stockbroker, but I went and got my real estate licensein the state of Michigan and I literally became a realtor.Not a realtor because I wanted to go show people housesand stuff like that, but just 'cause I wanted to maximizethe education to the utmost potential, so that's what I did,went out and got my real estate license.That all cost $540, that was between classes, exam costs,and a few other little fees.And then also, you know, I don't have time to run thereal estate business, so I wanted to bring on an operationsmanager so they can, you know, collect the monthly checksand all that stuff, and I, for her, I spent 240, excuse me,$239 on education,and, you know, it's one of those things wherenot only do I believe in education for myself,if I'm bringing anybody else into the business, I want themto be educated to the max, too.So I spent $239 on her.That brings up my total investmentinto education to $4,278.81and I'm not gonna, you know, sit here andtoot my own horn, but to give you kind ofthe rest of the story, so far, I own 14 properties in myportfolio, the first 14 literally in a rowwere all profitable, successful,number 15 I did lose some money on.But you know, that's gonna happen, nothing's perfect,just like trading.You're always gonna have some losers, but14 successful properties in a row,well worth all the education, that 4,200has not only been paid back, it's been paid backover and over again and, you know,that's what it's all about.And the correlation between stock trading and real estateinvesting is the same thing, what do I mean?Well, with trading, you need to plan the trade.With investing in real estate, you need to plan the deal,meaning you don't buy a house and then say, "Okay, now what"are we gonna do?"Just like in trading, you don't buy a stock and say,"Okay, now what am I gonna do?"If you're doing that, I'm telling you right now that's wrongand you're never gonna have any long-term success.You need to be able to develop a strategy, understand howyou're gonna implement the strategy, so the correlations,the parallels are exactly the same.So bottom line, invest in your education.Finally, would I love to educate you, would I love to be theone to teach you about the stock market and how to tradethrough my courses?I absolutely would.I'd love for you to buy a course, but if you're sittingthere saying, "You know what, Clay?"I like your video, I like what you're saying, but"I'm still not gonna buy one of your courses."My answer remains the same.With or without me, go get educated.That's the moral of the story here.If you want any chance at success, consistent success,long-term success, you need to get educated,you need to develop strategies, and you need to knowhow to implement those strategies.And the only way that's gonna come is with an investmentinto your education.So go get educated.Again, I'd love to sell you a course, but if you don't,doesn't change the fact that you need to go out thereand start to be able to trade, become self-sufficient.Now, couple more things that I want you to do.First, if you enjoyed this video, just click the like buttondown below, and also subscribe to my YouTubechannel up there.That's gonna let you keep up to date and not only quick tipvideos, but also videos that I do of chart analysisand then my live trade videos where you can watch me trade.Mostly every morning, win, lose, or draw, however the dayunfolds, you can watch me trade.And you know, win some money, lose some money, but just seehow, you know, the life of a trader really unfolds.And then finally, leave your comments below.Let me know your opinions on the video,I'm looking for more suggestions for quick tip videos,so comment on that, I'm open to ideas, and, you know,hopefully these continue with their success.The first one I did, which you can watch up there,the Math Trap, that got quite a few views, but if youhaven't watched that, that's a critical onefor managing risk so check that out.And at the end of the day, I'm gonna end it with this.Get educated, build a strategy, and if you wanna have anysort of long-term success, it's all about making thatinvestment into your education.