In order to find financial freedom we must change our money beliefs and get a financial education. Tyrone Jackson continues to demystify the stock market for us and uses Starbucks (SBUX) and Nike (NKE) to explain how we could have been making money for the past five years.
If you refer to this chart for the Starbucks (SBUX) stock, you can see how if you had bought $1,000 worth of Starbucks shares five years ago, it would now be worth $2,900.
Similarly, if you had bought $1,000 of Nike (NKE), it would now be worth $2,400.
These case studies show us how the rich get richer. Imagine if that $1,000 was actually $100,000. That money would now be worth $290,000. The rich invest money directly into the stock market, not through mutual funds.
Once we make these investments and start to make money, we can use our earnings to supplement our lifestyle. That’s the great thing about the stock market; as we are asset building, it gives us cash.
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