Q: What advice do you have regarding investment during this pandemic?

  A: When the Coronavirus was first announced in the US, the markets adjusted and went down and did quite a bit of correction.

Right now, as long as the markets are at or below the mean, there is opportunity.

If you try to select individual stocks, you could be gambling. Although you could also make great returns potentially depending on which company you're buying. If you have some sort of skill at the selection process and your diligent in your evaluations and you’ve been watching the tracking then there are opportunities to buy there.

But as a general rule, I'm more a diversifier. I spread out my risks into more areas because some companies can be so disrupted that they require a longer time to return back to normal.

I like to diversify by investing in indexes Right now the buying opportunity is not as good as it was two weeks ago when everybody was seeing doomsday. But it's still a buying opportunity and there's a recovery period that's soon coming.

When the market is below the mean, you've got value stocks. When he goes above the mean, you've got less valued stocks.

But you don't want to go and put all your money in there without having liquidity.

The absolute bare minimum liquidity you would be wise to have is three months but six months is more ideal.

I would just be cost averaging starting now. Put whatever amount you have that doesn't erode your cash reserve and then put that into the index fund, buy it now before you lose any opportunity. It's going to be up in about a week, the opportunity is likely to be gone and from there on you can then start dollar cost averaging and allowing yourself to get an average yield. Q: Would you recommend that we borrow cash to invest?

A: Right now, with the interest rates down at ridiculously low rates, if you have plenty of capital and you've got enough reserve capital that you can go borrow money from the bank and get it at that rate and if you know the market is way below the mean and you know you're going to get the returns then yes you can use other people's money to do it.

If you can borrow money at 3% and you can go and make 10% on it, then using other people's money to make your money is feasible. Just know though that banks can at any time recall their loans so just ensure you have a cushion to ensure that you can adapt for any eventuality.

I would not recommend that you borrow more than what you have in liquid capital as a backup.

Q: What about investing in bonds?

A: Right now I think the stock market is probably a wiser place to invest because it’s below the mean and it's going to go back up more so than bonds.

Q: What about the people that did not prepare for this time

A: The wisest thing to do is to make a commitment to raise the value of wealth building on your list of values.

Do the value determination process to find out where wealth is on your current hierarchy of values and then do the value linking exercise to bring it up into the top 4 values.

About 70% of the people who do the value determination process don’t even have wealth on their list of values. They're used to spending money, not saving and investing money.

If wealth-building is in the top 4 values, you have a high probability of becoming wealthy financially.

If it's down below five, six, seven, eight, nine, then you're going to spend money on everything else but you're not going to focus on wealth building. You won’t study it, you're not going to put your money into things that are assets which is what you’d do if you had a high value on wealth building.

Once you know where wealth is on your value list, then I’d recommend that you make a list of all the money you've ever earned in your life, total the amount and then look at what your net worth is now and look at what percentage that net worth is of the total amount income.

If it’s under 10 - 15% that means you have a very low value on wealth building. If it's more than that, you have a higher value on wealth building. That's about a break point.

If you're 20 years old, if you were saving 10% you can be financially independent at 65. If you're 30 years old, you need to be saving 20%. If you're 40 years old, 30%. If you're 50 years old, 40%. If you're sixty years old, 50%.

If your net worth now is less than 10% of your total earning, it means you have no value on buying assets, you have a value on lifestyle and buying consumables that depreciate.

That’s why it’s wise to get real about where you are.

If you find it’s low on your values, you've got a choice. You can either give up on the fantasy that you're going to be financially well off and just live day by day and pray for a miracle later on in your life, like maybe your kids will take care of you.

Or you can get serious and get grounded about what your values are and then take the time to raise wealth building on your values.

In the six steps to wealth audio course. I talk about six things you can do to raise the value of wealth building.

If you do the exercises, you're going to increase the probability of making decisions that will lead you in the direction of wealth building.

The next step is to make sure that you're actually dedicated to serving people. Make sure you prioritize what you're doing and make sure you're doing the most effective and efficient actions on a daily basis, the highest priorit y things that generate and produce the most income.

Make sure you're cutting costs and trimming the fat. Focus on making a profit.

I've become financially independent because of one thing. I set up automatic savings that I accelerated and increased every quarter and that has been the smartest thing I ever did financially that made sure that I had liquid capital to start investing with.

It is wise to put order to your finances, otherwise, entropy takes over and unexpected bills keep eroding.

Unexpected bills are symptoms of not having a value on wealth building.

Now learn about investments. If you're not studying and learning about investing, you're not interested in it.

When you really value something, you study it, you learn about it, you mentor under it, you get ideas on it, you practice it, you apply it, that's a sign that you really have a value on wealth building.

Consumerism is a symptom of an unfulfilled mission.

When you're doing work that's inspiring to you, you get philanthropic and you get wealth oriented. When you're doing work that's not inspiring to you, you go to debauchery and you're going to consumerism to compensate.

Q: How should someone who has no capital play in this period?

A: Well, if we don’t have capital, the reason is because we're not serving people.

I'd be focusing on the highest priority needs in the market.

In Ricardo's law of economics, the competitive advantage of an individual is always an expression of what they value most. That's where they're going to get the best returns. And then the key is to then take whatever that product service or idea is that's unique to them, that matches their values, that they're inspired by and can't wait to do and deliver matches and overlaps where the market is. And when you find a market that has a need and you have this, boom.

There's always an opportunity in every crisis. But you have to have resilience and adaptability to find out what that is and find out in the overlapping niche that you have skills and where you can do it or find somebody who can deliver that and you can be a broker of that and get the income if you don't have any income coming in. But find some needs, it starts with needs.

Find out what your highest values, find out what the biggest number of people's highest values. The bigger the problem you solve, the bigger the potential income you can make.

Q: What’s the role of emotions in wealth building?

A: Emotions play a role in gambling, not investing. Gambling is not the answer. Emotions are our gambling messages.

The key is to have an objective, a strategy, a long-term positioning, and be patient and keep putting money into the market.

Q: What is your perception of Bitcoin?

A: I wouldn't touch Bitcoin. There's no way that's going to be sustainable because the mining costs are too high. The value on the return on what they're going to pay people is going down. Their growth has not been anywhere near what they expected.

I recommend that you buy into companies that serve people that have a high probability of continuing to be in existence. Any company that serves ever greater numbers of people, that is a household necessity. Those are investments. If you put money into them, their numbers are going to continue to grow. Populations grow. People are going to still use it.

Look for quality companies where you're buying productivity.