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One of the best ways to grow your wealth is by investing and properly managing your personal finance.
Now, that’s easier said than done.
If you’re like me, you know how easy it is to get lost when you have to simultaneously manage your personal budget, and your business’ budget.
So today, I’m taking a look at Ryan Scribner, one of the most popular personal finance and investment coaches today.
What can he teach us?
Let’s find out!
Ryan Scribner is more than your conventional ‘creating millions of dollars out of my side hustle’ story.
Today, he is a renowned personal finance advisor, YouTuber, blogger and a money coach who will help you learn the nuances of investment and stock market so that just like him, you grow your wealth.
Before Ryan started documenting his investment journey online, he was your usual guy working in the corporate sector earning $70,000 annually.
Right now, Ryan Scribner’s net worth is hard to pin down, because he earns from multiple sources.
Initially, he started slow, learning the ropes of investing in the stock market and equity funds.
As his profits increased and he acquired sound knowledge of how the stock market works, he started sharing his insights with the world.
In 2016, he launched a YouTube channel to showcase everything he has learned about investing, and teach you how to grow your money by investing it in all the right resources.
All his hard work paid off.
In 2019, Forbes declared his Youtube channel as #1 for creating and growing your wealth.
Today, Ryan is not only an expert on all money matters, but he has also co-founded a rapidly-growing blog for beginners in the field of stock market: Investing Simple.
It gives you all the tips and in-depth analyses you need before you take the plunge.
One thing I really like about Scribner is that he’s not about the side hustle.
His philosophy boils down to creating lasting wealth using stocks.
He started his career as a due bill collector where he had to go door-to-door to make a living.
And this was a 9-to-5 job!
Today, he earns more than what he used to at his first job, all the while helping others grow their money.
So if you want to learn how he did it, and how you can do it too, keep reading.
Ryan’s first step towards including more people in the trade secrets of conquering the stock market was creating a YouTube channel.
A humble beginning, the channel has been going strong for more than four years now and has been featured in Forbes, The Wall Street Journal, MarketWatch and Business Insider.
Ryan Scribner’s YouTube channel is listed as the number one channel on Youtube for people who want to make money by Forbes.
And when Forbes gives its vote of confidence, it makes me sit back and listen to what the guy has to say.
From books to read in your 20s, to the foundational videos on how to go from $0 to $100K and earning dividends from different stocks, his channel has everything you need to know before you start investing your money.
His introduction video on his website is titled - “Quit my $70,000 job after learning this lesson about money.”
It’s crucial to understanding his approach to personal finance.
In this 10-minute long video, Ryan explains the nuances of how money equals time and how, from early on, we are taught that working a certain number of hours will earn us a certain amount of money.
This is what he calls the bad approach.
Because in this approach, to earn more money, we will have to increase the number of hours we work per week.
And with a 40-hour workweek already in place everywhere, no one wants to work more than that.
He also covers passive income.
Yes, people earn extra money with dropshipping and other side gigs.
You can earn extra $2000 a week and also get bragging rights, but again - you could’ve spent those extra hours with your friends and family.
Scribner calls this the herd mentality, and says it’s a bad approach a lot of people are following these days.
He also talks about earning more by learning valuable skills, if you obtain a valuable new skill, you’ll get more money for the week’s worth of hours.
For example, he mentions going back to college, or learning skills like marketing, and moving ahead on the career ladder.
This is another conventional model that a lot of people are already using.
In the end, he comes to the final approach (his approach).
Guess what? It doesn’t have anything to do with the amount of time you spend at work.
In his early 20s, Ryan read books like ‘Rich Dad, Poor Dad’ by Robert Kiyosaki.
He realized what a lot of millionaires have in common: multiple sources of passive income streams.
They’re not just doing extra work once they come back from their day jobs.
They’re putting in the effort today to create something that earns them money in the long term.
To put it simply, the kind of method Ryan is talking about is making money out of your past efforts.
The hard work and sleepless nights you put in today to create something that will snowball, grow and eventually pay you dividends in the long run,regardless of whether you’re working or not.
For Ryan, his passive income includes making money on Youtube, his e-books, and his paid courses.
He put in the work, and now he’s reaping the benefits.
Now, he just has to tweak it once in a while and he has something that’s still paying him.
For example, he makes money from his YouTube ads.
He only uploads the videos once, and because they’re valuable, people keep watching them, and he keeps getting ad money.
So, Ryan’s whole approach to making money is putting in the effort today and reaping the returns tomorrow.
Of course, investing in the stock market also comes as a close second and to understand all of that, you have to know more about his blog.
The best way to grow your money is to invest it! And this is a plain, simple fact of life.
(Funnily enough, it’s something that school and college just don’t cover. We’re not taught how to do our taxes, or how to invest. But we sure can recite the Pythagorean theorem in our sleep!)
This is where Ryan’s blog comes in.
Let’s say you’ve started making a lot of money from your day job, or you’ve turned your business idea into a profitable business.
Letting your money sit in the bank won’t make it grow.
This is where investment plans come in.
From bonds and equities, to mutual fundsand buying shares in companies that you think will grow in the future, there are tons of ways to invest.
And honestly, it’s the best way to create that cozy retirement nest, or college fund.
Plus, when you put in the effort to understand numbers, stock exchanges and all those ticker tapes, you’re actually working towards a secure financial future.
If you don’t know where to start, Ryan’s popular blog - Investing Simple works like a charm.
Co-created with his business partner, Ed Canty, this blog has become a goldmine of information for people who are serious about investment.
Investing Simple blog covers different topics:
From in-depth investment guides, to platform comparisons, Ryan’s blog is chock-full of content that will help you understand this seemingly complex world of investment, stock markets and shares.
Which I sincerely recommend if you’re not yet at a point where you can comfortably invest your income.
The personal finance section explains everything abut assets and liabilities.
It also gives you insights on how to become a billionaire by 30.
I find the latter to be a little too clickbaity, but you can at least get a few great ideas to try out, and learn what’s stopping you from being able to invest.
The saving money section of his blog explains how to:
If you’re struggling with debt, the first thing you’ve got to do to grow your wealth is get rid of that debt.
Ryan offers helpful strategies for that, as well.
While you can read Ryan’s blog, it’s always better to get all the knowledge in one place - a book.
Personally, I prefer books because you can add your own highlights and notes, and understand what some of the theories mean to you.
Fortunately, Ryan has written 3 free books:
Investing in crowd-funded real estate has recently become a thing, and for a good reason.
It offers great returns.
Real estate, unlike others, is still considered a safer bet for investment as property prices don’t fluctuate unless the market drastically goes down.
In Ryan’s free eBook, Free Crowd-Funded Real Estate Guide, you can find all the insights on how to get started with this investment option.
He started experimenting with crowd-funded real estate back in 2018 and today, he invests almost $2000 per month.
You’ll learn all about:
The best part about crowd-funded real estate?
You can get started with as little as $500.
Have a space to rent out? Airbnb is your best bet.
Ryan has tested this strategy, as well. He rented out a spare room in his home in the summer of 2019, and made around $1000 per month.
Ryan Scribner’s AirBnB eBook is for you if you have room you can rent, and own your own house/apartment.
Ryan will also teach you how to become a Superhost, so AirBnB recommends your accommodation to prospective guests.
Owning an online business is going to keep you earning money for years and years to come.
Ryan’s Youtube channel and his other businesses have generated almost $1,000,000 for him in revenue over the years.
And in his book, Secrets to a Successful Online Business, Scribner shares all his insights with people who want to do the same.
Right from ideation, to choosing a niche and creating the best content strategy that will drive traffic, this book has everything you need to know about the world of online business.
The books are a part of Ryan Scribner’s Academy, his teaching platform with courses.
They’re actually lead magnets for the more lucrative part of his business, paid courses, but they’re still pretty useful if you want to test the waters.
Ryan Scribner’s Academy consists of his online courses and e-books, so you don’t have to take classes to learn the art of investment.
What I really like is that he offers free courses, so you don’t have to commit to paying for a course unless you think his content is valuable.
The courses include:
So far, he’s made over $100,000 from his courses alone.
So if you want to generate this kind of income, you need to understand what your audience is looking for, how to create the perfect course, and get the tools and equipment you need to do it.
Ryan’s step-by-step guide helps you get this done.
Stock Market Investing basic is a 4-hour course that educates you on the basics of investing.
From getting out of debt, to understanding what kind of brokerage you need, and why stock prices change, this course covers all the basics.
Scribner also explains that the caveman investing strategy might be underestimated, but it’s still one of the most effective investing strategies.
You can do your own research and choose a brokerage, but if you want to save time and understand which one Ryan prefers, check out M1 Finance.
This course tells you what M1 Finance is, and how to use it.
This course is great for beginners because it explains the nuances of portfolio restructuring and dividend reinvestment.
A 5-part mini course, Scribner’s free Affiliate Marketing course is the Holy Grail for people who are toying with the idea of affiliate marketing.
Ryan tells you how affiliate marketing works (you get paid a commission to sell products, or you get affiliates and then pay them commission when they sell your products).
How you can make the most of it, and which mistakes to avoid.
On Teachable, Ryan Scribner also offers a few paid courses:
If you got hooked on the idea of affiliate marketing and want to try it, Ryan Scribner’s 6-Figure Affiliate Marketing course explains everything in detail.
He starts by talking about his own experiences (growing from getting $20 payments, to earning more than $10k a month from affiliate marketing).
This course consists of 15+ lessons, and covers different aspects of affiliate marketing, including:
It’s a really handy course, and the price isn’t outrageous, either.
You can get it for $297.
Ryan Scribner’s Stock Market Investing (Advanced) course, explains one very important thing: separating emotion from investment is key to ensuring your money grows.
This is a really detailed, 17-module course that lasts over 10 hours.
In it, Ryan dissects every objection you’ve ever had, and clears your doubts.
From analyzing the stock market without a financial advisor, to understanding what meets your investment criteria, this course has it all.
And Ryan’s simple approach towards everything related to investing in stock market gets you hooked from his basic course, and ensures that, by the time you complete this course, you’ve practically become a pro.
Lessons include topics such as:
This course is also very (politely) priced at $97, allowing you to really learn everything there is to know about investing without compromising your budget.
Ryan, I like you!
I’ve you’ve read my reviews before, you know how critical I am of online coaches.
But Ryan Scribner is the real deal, and his courses are really fairly priced, allowing you to learn a lot more about growing your wealth.
When it comes to his side income and online business ideas, he has a few good ones.
But he forgets to mention one very important thing: there is a tool that can help you run your entire business from a single platform, and reduce your costs.
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