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BROKE? How to Get Started Trading Penny Stocks With Just $100 - YouTube
Channel: Timothy Sykes
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- How should you invest $100, if you had only
$100.
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I would say buy yourself a nice sushi meal
and enjoy it 'cause you're fucken broke and
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you don't have any future whatsoever.
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I'm kidding about that, you have some future
but you have to save up.
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You're not gonna be able to do much with $100.
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So I encourage you to do yard work, you know,
teach kids tennis, that's what I used to do.
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There's a good racquet in that where you teach
upper class kids tennis.
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You have to learn tennis first, I don't know.
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If you have $100 or let's say, let's take
it up another notch, what if you're entirely
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broke?
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You need to invest in your brain.
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You need to invest in your knowledge, in your
future because you need to have some knowledge.
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You obviously don't have money so you don't
have much.
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You can't trade in the markets, what are you
gonna do?
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You gonna take on some binary option bullshit?
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You gonna take on some broker that offers
you like 10:1 or 20:1 leverage and try to
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trade Forex?
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You'll just end up losing $100 or $500 or
$1000.
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Or maybe you do make money and then you learn
terrible lessons and you build your account
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up to 10 or 20 thousand, then you lose forty
thousand because you've learned the wrong
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lessons.
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You need to do this the right way.
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You can't cheat success so, my top student
started with $1500 now he's over six million.
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I started at like 12 thousand, several of
my students started with like two or three
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thousand.
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You need a few thousand dollars so whatever
you can do, scrounge together that money.
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That said, if you are broke and you only have
$100, does that mean that you shouldn't study,
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you should just ignore the whole stock market
and all the finance, no, because somehow,
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some way, I think that you will be able to
have a thousand or two thousand dollars in
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your life at some point where you can actually
trade and grow that money using a normal,
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not so risky strategy like what I teach.
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But, even if you do have that money, you don't
necessarily have that knowledge.
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So when you are totally broke, you have nothing
but time.
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Okay, you have no excuses, you obviously have
no job, you probably have no life either so
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you have a lot of time to study.
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So utilize this broke, shitty lifetime that
you have and make the best of it.
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I have over a thousand free videos on YouTube.
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When you're rich, you don't wanna be watching
that stuff, you're gonna have girls hitting
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you up all the time, you're gonna be out on
the town, you can spend $500, you can spend
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five thousand, you can spend fucken $50000
in a night and let me tell you, that's fun.
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But when you're broke you can't have fun.
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So you have to study.
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Use your broken, shitty life well and get
some knowledge.
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So that way at least, even if you're broke
you can get smart so when you do save up a
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few thousand dollars, you'll have already
prepared and you'll have that knowledge ready
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and you'll still have to keep studying 'cause
the market's always changing, you have to
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adapt.
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But at least then, you will have a foundation
that most people do not have.
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I have a lot of trust fund like, kids who
are you know, start with like fifty or a hundred
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or two hundred fifty thousand dollars and
they're like, oh Tim, this is child's play,
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I'll definitely become your next millionaire
soon and I don't have that much to go.
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And they fucken suck, okay.
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The people who start big are the worst because
they take their money for granted, they don't
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study, they don't put in the time and effort
to actually do what it takes to grow a small
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account, they ignore my advice to start smaller
rather than bigger, so be grateful if you're
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broke.
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Be grateful if you have $100 to your name,
there's nowhere to go but up.
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You're already fucken miserable, poor, living
a shitty life, having nothing to do with your
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life, you can't go out and have fun, so it
gives you no excuse whatsoever other than
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to study.
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And somehow you're watching this so you have
internet access.
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I don't know if you're bumming free internet
at McDonald's or if you're at the library
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or if you're at the Starbucks.
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You know, maybe you're outside Starbucks and
you're begging for some change but maybe the
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WiFi is like going through the door so you
still have WiFi so as you're begging for change
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you can also study so now you're multitasking.
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That's what you're gonna have to learn to
do as you grow richer, okay?
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And remember, when you are broke, there is
almost nothing worse than your current situation.
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So, piss in your pants, shit in your pants,
it doesn't fucken matter.
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No one takes you seriously anyways right now.
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So it's your job to study up.
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It's your job to move yourself up and do whatever
it takes to get a few thousand dollars and
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get that knowledge so that you can grow the
few thousand into fifty thousand, a hundred
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thousand, a million, two million, six million
like my top students and I do.
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But first, watch all my videos, watch them
twice, watch them three times, okay?
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Make yourself a fucken Ramen noodle or a Cup
o' Noodle or whatever the fuck you have, try
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to bum like a microwave for somebody else,
'cause you don't even have any power, you're
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that broke.
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Maybe you have cold ramen and like just crunch
it as you're watching these video lessons,
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I don't know.
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But I look forward to you becoming my next
millionaire student, ya bum.
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