Peter Webb - How to earn 50k without really trying

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please like and comment on the video below that will allow me to produce
better quality videos and more of them in the future if you're interested in
learning to trade successfully in sports then why not visit the BET angel'
Academy where we have more detailed videos so when I had a very minor job I
think one of my first jobs that I had I was hopelessly underpaid I was in the
wrong role in all honesty other than that it was a great job I've got I got
paid I think seven and a half grand or something a year it was terrible and it
was a few years back mind you but even then it was still very lowly paid and
what I used to do is I used to moonlight and if you're not familiar with the
expression of moon lighting it's going out and working while you're working and
I would do a day of work at the place at which I originally worked and then in
the evening I would go out and do private work for clients and I used to
be into technology so I used to train secretaries on how to use word press ink
processing equipment I would do the IT for smaller businesses that didn't want
to employ a big company and I'd do all of those sort of things so I would work
and I always have done incredibly hard I'd get out first thing in the morning
do a bit of stuff I even once went and sorted out the IT on HMS Ark Royal in
Portsmouth once they had a problem with some laptops and stuff and I just
offered to go across there to help them out because this guy came in desperate
for some help and I just said well I'll pop in after work and see if I can sort
you out and I did and so they got me to do some bits of work for them so yeah
that's it's funny and I've always said this to you it's funny what happens if
you just stick your head above the parapet and go for stuff and you'll be
amazed if you think positively how many opportunities come your way and and this
was how I ended up with that bold statement at the start of this video was
that when I was a bit younger and in a fairly low paid job I would moonlight
and one of the guys I used to moonlight for was an independent financial adviser
and I didn't know what an IFA was I had no concept of entire world really but I
was sort of getting interested in it and going down that route and when I started
to have a compass with a same issue again he came running
in and basically one day good got in contact with me and just said look I've
got a problem that needs sorting out say is there anything that you can do and I
just said a lot I'll come and see you after work
so anyway I went round to this IFA and started sorting out all of the stuff
that they had and started rewiring and plugging in things and sorting out the
network and just all of that sort of general mundane stuff and then he
started to ask me to look at one of his main systems and when I was playing
around with it I could see that they had various Ledger's and a ledger is an
accounting system and I was going through the various ledger sorting out
issues that he had related to all of this sort of stuff and helping a
secretary understand how to use the software and I said Tomoko you know in
order to understand what I'm supposed to be doing can you tell me a bit more
about exactly what this is doing and I said you know what are all of these
payments down here and he said all those are dividends and I said - okay what's
what's the dividend and he said well you buy shares in a company or your own
company and then they distribute the profit as a dividend and I said well no
okay so they actually pay you part of the
profit they make anyone yeah that's right that's exactly how it works
and I was thinking hold on a second here you can buy shares in a company they pay
you to own the shares and then you can actually profit from the value of the
shares going up as well and I thought well that's something that really
interests me and that's what started my investing career I had no real concept
of investment and stocks and shares and company ownership and dividends until
that exact moment and when I was in that office so I just kept on quizzing him
more and more and more and more and trying to understand everything was
going on it's like how do you buy shares what do you do when you own the shares
and how do you sell them and all of these sort of things and this was
pre-internet this was a long long time ago so yeah that's what got me into the
investing world was actually doing a job for an independent financial advisor on
the side while I was working in another job and that got me really interested so
I started say of money and buying shares in companies
and following the share price reading the Financial Times reading the
investors Chronicle I had no idea then that years and years later I would
actually end up writing about my experiences for a national weekly
magazine wrote for shares magazine a weekly column for three years and that
was all about my experience of investing and what that brings to the mix but when
you own shares in a company then the advantage that you get with only chess
in the company is your hopefully your going to buy them so that they're more
valuable at some point in the future Bohun you actually own them they
distribute part of the profits that they make it has dividends and I just thought
well isn't this a beautifully democratic way of running a company because if you
work for a company you could buy shares in the company and then you actually get
paid for owning part of the company as well and that's more or less what I did
in various jobs that I owned over the years I would actually buy shares in the
company and in one of the companies that I worked for I negotiated that as part
of the package when I joined the company because then you get this lovely
positive feedback loop of getting paid to work for the company and owning part
of it as well and the hilarious thing is is when you own part of company you can
actually turn up at the AGM and quiz the board and management so again a
beautifully democratic way of doing things
I did this with Betfair when Betfair floated our boar shares in bet they're
purely so I could go and attend the AGM and get some face time with the
management and and that's one of the other things that you get with share
ownership is that you get the ability to do that and it feels like a much better
way of having an interest within a company because you can give feedback as
a shareholder as opposed to just being a customer or an employee you get
immediately in at the higher level so I've got loads of great experiences of
this over many years but you know the benefit of owning companies is if you
select a company that's likely to do well at some point in the future then
the value of the shares rise as people are willing to pay more and more for
them because of the earnings growth of the UC but you get paid for doing it as
well which is absolutely fantastic and if you look at berkshire hathaway
stock last year berkshire hathaway stock was up more or less about $50,000 last
year and and what did i do to earn that $50,000 well the answer is absolutely
nothing I didn't have to sit at a screen and watch anything I didn't have to make
a judgment about going in and out of the market I didn't have to do any of those
things I just owned the stock and it turns out that people want to pay more
and more for that over the course of the year because the underlying performance
of company is good and therefore if I chose to sell their shares at this
moment in time I would have made $50,000 over the course of the year now the fact
is I've owned Berkshire stock for many many years and I still haven't sold them
because they're generally getting more valuable as time goes on but part of
that is due to their capital structure in the way that they reinvest money not
going to talk about that in this video but yeah they don't pay a dividend
secure asleep but most of the money that they get gets reinvested within the
company and that's why the shares go up so much in value so whether you look at
it in terms of getting a payment now or at some point in the future the retained
value and the value of those shares has gone up by that amount anyway despite
the fact that I've done absolutely nothing to earn it as such all I did was
take a bit of money invest it and wait that payoff to come in future now I do
own other stocks I think probably it would be interesting for you to learn
about some of the other positions that I hold and some of them are very big
dividend payers and sometimes that can be an advantage because the income
stream that you get from that means that you get money coming in all of the time
and you can choose whether to either spend that money or reinvest it or
invest in another company but yeah if you're an investor then the benefit that
you get is you don't actually need to do much yet put a lot of energy effort and
thought into what you're going to buy and win but once you've bought that that
can just sit there as a passive investment and it can produce true
passive income you will get paid for holding shares and if you pick the right
companies then that income will rise over time so yeah if you're not earn
money while you sleep that's the way that you should do it
you
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Peter Webb - How to earn 50k without really trying

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