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.
