okay so so what if there was a way for
you to buy something that would end up
making you money off of that thing that
you spent money on it's almost
counterintuitive but there are things
that we can buy they can end up making
us more money or saving us money and
putting us in a better financial
position and since that is the primary
topic of this channel I thought I'd come
out with seven different things that you
could buy that in most cases will end up
making you money over the long run and
look we know the obvious ones like by
rental properties or buy stocks yeah
those are pretty obvious today we're
gonna try to find some different ones
that we don't discuss very often but can
end up putting you in a better financial
position so if you want to see more
videos like this and make sure you hit
the subscribe button drop a like and
let's talk about the first one which is
security cameras now having security
cameras for your home or your apartment
it can be pretty beneficial it could be
$20 or $30 that you pay for something
like this it can end up saving you a lot
of headache when somebody Rob's your
house at some point in the future and
then hey you can see who it was you can
get all your stuff back right so it's
gonna be an investment that I think is
worth it for most people it also gives
you a little bit more peace of mind but
even more important than that I would
argue is - cameras so get a - camera 20
dollars on Amazon 30 dollars on eBay and
this is going to save you so much
headache I know one of my friends in
college rolled up to a stop sign she
stops at the stop sign this meth head
comes running out flops on top of the
windshield and then topples onto the the
pavement and I think she ended up just
driving away which then that would've
been worse because then that's called a
hit-and-run and then you end up in a lot
of trouble they end up hitting you with
a fat juicy lawsuit and you lose a lot
of money all because you didn't have a
dash camera to prove that this person
jumped on top of your car to try to
include claim some type of insurance
from that call insurance fraud I don't
know if just everybody in Russia has
dash cameras or if this just happens
more often in Russia but somehow I end
up in these like loops of watching
insurance fraud videos on YouTube just
like hours and hours of it I'm pretty
sure that's just because a lot of people
have dash cameras in Russia I think but
either way look it's important it's it's
a little investment that you make and
it's going to save you so much trouble
especially if you get in car accidents
or if there's insurance fraud of any
type or if somebody just keys your car
you're gonna be able to see oh it was
that person because I have my dash
camera right there
You can watch this video if you don't want to read :
it's it's it's gonna be really nice so
another option is solar panels now
there's gonna be three primary factors
that will help you decide whether this
is going to be a good investment or if
it's just gonna be a terrible decision
that you make and then you regret
dropping all that money on solar panels
when you live in Seattle or in
Pittsburgh or Buffalo New York where
it's cloudy more often than it is sunny
probably doesn't make very much sense
there or it probably also doesn't make
sense in place like Oklahoma where the
cost of energy is like eight cents per
kilowatt hour versus if you live in
California and you can also get tax
credits or in a state like Hawaii where
the average cost of energy is well over
Related :
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32 cents per kilowatt hour it could make
a lot more sense so factoring those
three things how much Sun do you get do
you have a roof in the first place and
also how much does energy cost in your
area and so factor all those in also
including the tax benefits and see
whether or not it's going to be worth it
for you now the one thing I really like
about this is that it has that self
self-sufficiency sort of idea behind it
which means that hey if we have another
energy crisis like the 1970s again and
suddenly we have all these problems with
securing fossil fuels for some reason
and somebody cuts us off and and and
suddenly the price of oil and the price
of energy goes up dramatically
dramatically drastically then you might
just be hey you know I got my
electricity over here with my solar
panels feeling pretty good and also
feeling you know a little bit eco
friendly on the side so the third one
here that I wanted to discuss you know
I've never really made a full video
about this because it tends to get sort
of a bad rap from a number of people and
for good reasons because there are some
pretty skinny scummy things going on in
this industry but that's actually
cryptocurrency so I've sort of come
around on this a little bit for
cryptocurrency I don't dump all of my
money into cryptocurrency
but I do own some Bitcoin I do own a
couple of different currencies but not
extremely sizable mass because it is
still pretty risky but if you just look
at the average price of Bitcoin compared
to say in the stock market in just 2020
you can see that it has far outperformed
the stock market especially when we have
turbulent economic times like we do at
the moment having some Bitcoin it does
help alleviate some some levels of
stress that I have about the current
society that we live in and the current
money system and fiat currencies and and
so only the link to coinbase down below
I think they're they're not
sponsoring this video technically but I
think if you sign up through the link
below you'll get like $10 and free
Bitcoin if you invest $100 into
cryptocurrency with coinbase which I
would argue is the most reputable place
to buy or sell cryptocurrency so I'll
leave that link down below but let's
let's keep going on with the video I do
put a small percentage of my assets into
something like cryptocurrency which can
help sort of diversify some of your
assets of course just be aware there's a
lot of risk involved all right another
one is having a tool box buying tools
and equipment in general it's gonna save
you money I I still don't understand how
some people don't know the difference
between a hammer and a screwdriver like
like they're you know I'm not hating on
anybody but if you want to save some
money and you want to get a better
financial position then just consider
becoming a little bit more handy with
the things around you if your dishwasher
breaks maybe learn how to fix it if your
car breaks down maybe try to learn how
to fix it or at least take a couple of
steps to learn how to fix it instead of
taking it to the mechanic or instantly
just calling the plumber because you
have a leaky pipe which you could easily
just fix by just tightening it and you
end up spending like $200 to get the
plumber out there there's a lot of
things that people just do that it's
it's a big waste of money so become a
little bit more handy learn some things
I got a toolbox when I was in college my
sophomore year it was like $20 I
probably oughta from Walmart for
literally $20 and it saved me a ton of
money
that I would have otherwise spent by
having to call people to get people to
fix stuff all the time
okay so so this next one is is just a
journal I mean this probably cost me
fifteen or twenty dollars I get a new
one every year but this can make you so
much more money I I know it's it's just
some paper but so many people don't
write anything down anymore these days
especially and I find that writing
things down dumping my thoughts my my
ideas if you're looking to make more
money
write down business ideas talk about
your finances start to really really
dump some different ideas and your
thoughts down on paper and then you can
look back on it over time
now I actually found that something like
this really does help me make a lot more
money because especially sometimes in my
life when maybe my ideas start to go off
into the wrong path or I start to you
know prioritize things in life that I
should not be prioritizing and then I
start to go back and I read through the
that I wrote down years ago and I
remember hey you know this is what I'm
really doing this is really my plan this
is what I want to be in so writing
things down man I'm telling you it helps
so much journaling I think I'm gonna
make a separate video about this if you
want to see a separate video about
journaling my strategy for that how I do
it and how it really does help me leave
a comment down below and then upload
that comment for other people if you
want to see it because I'm not gonna
make it if people don't want to watch it
but if you do please please let me know
because I would like to talk about it
okay so this next one it's it's not
going to be for everyone but there are
some people out there that I think could
actually benefit from this financially
and that's by buying a fan like a like a
10 or 15 dollar fan from Walmart and
using that instead of cooling your
entire house with an air conditioner
with a central cooling system that might
cost you two hundred and forty five
dollars per month to cool a 1200 square
foot house I think that data comes from
realtor.com but cooling a house with air
conditioning can actually be really
really expensive it takes up a lot of
energy not only is it kind of banned
from the environment because you're just
consuming a ton of energy but it's also
really not necessary in my opinion based
off of where I live I mean in
Philadelphia it gets to about 89 degrees
as a high in July which is pretty hot
and it's pretty humid but even at that I
mean for the first 18 years of my life
we didn't have air conditioners in our
house we just used fans and I don't know
if that was because my parents were
trying to save money I think it was just
because they just didn't like air
conditioners but eventually you just get
used to it and you never really kind of
noticed the heat I use air conditioners
now at the moment but it's still
something that can save you a lot of
money if you really wanted to do that
just start using fans instead of air
conditioners because they really can
rack up an electricity bill very very
much all right so there's another one
that we could think about that you know
it's once again not going to apply to
everyone but artwork in some cases can
retain its value very very well now not
all artwork I mean my artwork from tenth
grade art class I mean my mom doesn't
even want to she'll probably throw it
out and there's some things that just
are absolutely horrendous but then
there's other artwork like hey let's say
you got a Picasso painting in your
bathroom you're just like taking a dump
every day you're looking at it and
thinking how much money do you think
this is worth I can tell you that some
artwork has appreciated much
quicker it much faster than something
like the stock market over the course of
many decades it really depends on the
artist and honestly you're probably
going to already have to have a sizable
amount of money or just know that
someone's truly up-and-coming as an
artist and that they're gonna make it
really big so it's it's probably not
overall a great investment to just
invest into artwork but if you're really
selective about it it could maintain or
retain its value over a period of time
it it really does depend so that's why
we're gonna leave a big fat juicy
question mark at the end of this one
because hey it's a little bit risky and
then the final one is buying some seeds
I mean just go on to a website buy some
seeds and then plant a garden this
summer I mean we're in May right now
it's a perfect time to plant stuff maybe
I'm a little bit biased because I was
just weird growing up and I just grew
stuff for fun like I didn't have friends
I would just grow stuff like this
pumpkin and that was that was what I did
in my free time but so maybe I'm a
little bit biased but hey just start a
garden you're not only gonna save some
money but if you wanted to you could
also sell that produce and make money
off of that I know a lot of people who
do that in my local area and they make a
decent amount of money you know come
August when they start selling all of
their vegetables and it's just kind of a
great thing to do I think it's pretty
therapeutic honestly just pulling weeds
in your garden all day but yeah that's
that's that's the video so thanks for
watching let me know if you want to see
that journaling video because I I will
make it if you guys want to see it but
yeah so thank you I'll say everybody
next time