 Do you feel like you don't have the connections, the resources, or money to make the right investment, to help you to get into the next level? And actually making investments so scary. I feel the same. People always say you need money to make investments. It is not true. Today I'm going to share with you my personal examples how I turned from a poor immigrant with $800 in my pocket when I moved to the US, turned into a self-made millionaire. This is one investment shift changed my life completely. And today I love to share this with all of you guys. And you don't need the financial advisor to teach you what I tell you today and there is no overnight success for sure. What I'm going to share with you might be very shocking and also the first time you heard of it. But I guarantee if you apply exactly what I tell you today, your life will be changed within five years. Stay until the end of this video where I share with you different types of investment vehicles you can get started right away. Hey guys, this is Dr. Nancy Lee, a direct product and featured in Forbes. A immigrant with $800 in my pocket turned into a self-made millionaire. I have helped hundreds of aspiring product managers in season PM to increase the income and do the jobs they love by joining fan companies and unicorn startups. If you're interested in product management course, please go to PM Accenture.io. In this channel, we talk about product management, investment, and parenting. Make sure to subscribe to the channel and turn the bell button to be notified every time we turn on your video every Wednesday. The investment shift I shared with you today was only shared with my inner circles on my student and they asked me to share it on YouTube because they believe it's going to change lots of people's lives together. So now let's get started. First of all, I do want to challenge the limiting belief saying that hey, you have to have money to invest. It definitely not true. Let me tell you my personal story also very vulnerable to be frank with you guys. I moved to the US with only $800 in my pocket. I was born very poor and my parents never went to college. When I was young, my parents mainly focused on two things. How can they put food on the table and how can they reinvest into education? My parents never supported me since I moved to the US. However, I even sent money back to China. It's very embarrassing. I've been hiding this information for a while, but you know what? The fact is a fact because I believe lots of people might be able to relate to this. The very first internship I had in the US, I was paid $5,000 per month. That was a lot of money to me. I was like, I've never seen this much money in my life. And I worked there for three months and I ended up sending two of my paychecks, two months paycheck back to China to my parents because those $10,000 is my dad's two years salary. Yes, we're very, very poor. And guess what? When I was a PhD student, I was only getting paid $1,400 per month for three and a half years. And this like three months internship equals my four year PhD salary. So it's a lot of money to me at the time. I made a very strategic decision. How can I use this $5,000 I saved to myself and $10,000 sent back to China to my parents and use a part of this $5,000 to make some investment? Because that's the only way for me to get ahead given I came from a very poor background. There's no money, no connections, no friends, no resources out there. After I use this investment strategies, which I'm going to share with you right now is actually start to change my life completely. Two years later, even if I was immigrant, but I became a director product within four years and also one of the youngest female directors. And right now I also became a self-made millionaire and run my own educational company. Now let me share with you the 35% investment rule. What is 35%? It sounds very simple, but very important. First of all, look into your current tax bracket. Let's say you're getting paid $200,000 per year. Your current tax bracket is about 35%, which means that you pay 35% of your total income to the government. That's your tax, which means that you should pay the same amount of money to yourself. Why did you pay the government 35% but do not pay yourself the 35%? Okay, so among all your total paychecks, 35% goes to government, 35% goes to yourself. And when you go through yourself, you should spend this into investment, which means different kind of asset and investing in yourself, different ways to invest. And then the other 30%, you put into living expense. You can use it by your fancy cars, your Gucci bag, or food, or rent, anything. Now let's plug in these numbers to digest the better. Let's say currently you're getting paid $200,000 per year. And by the way, this is just an average salary and lots of students they lend job offers in fan companies are getting paid $300,000 per year. So $200,000 per year is normal for product managers who are getting paid inside a PMS manager. So now if you have $200,000 per year, you're getting paid, your federal tax bracket is 32%. And your state tax could be 5% in Massachusetts or California, like 9% even very high over there. So my point is you add up your federal tax plus state tax equals to how much you're paying to the government that roughly on average, let's say 35%, you can adjust the base on your current income. Now the rest of 35%, which you need to pay to yourself after 35% pays to government. So these 35% pay to yourself to invest into different kind of asset, they can grow this 35% into even more money. So which means $200,000, the 35% equals $70,000, you need to invest into asset. There are six different kind of asset you can thinking about investing. Number one is real estate. Lots of people talking about having passive income through real estate is also grow over time. This is really good option for you to grow. And second is stock or cryptocurrency totally live up to you. Well, you want to buy good Bitcoin, go ahead buying it. But stock in general, buying stock in the index fund is a good way for you to grow your wealth in the long run as well. The third is to invest in yourself because this is only way for you to have a guaranteed return. Fourth is to invest in companies such as as angel investors and these companies can grow significantly such as Google, of course also have higher risk because company may go down very likely. Five is create some kind of Airbnb companies. I have a friend and she bought several real estate and then turning into Airbnb and every single month she's able to generate lots of cash flows through Airbnb as well. The sixth is to invest into talent and people. This is mainly important for entrepreneurs. If you have a company putting money in growing your people, your team is very important so that they can grow together with you within your company. I personally invested $7,000 this year to train my team to become a better leader so then grow with me together. Please comment in the chat and let me know what different kind of asset you should invest and what are the questions you have regarding the type of asset. Now among the six different kind of assets, the most important bracket you should invest is investing in yourself. This is a life changer for me. Now let me also break it down to you. How much you should invest in yourself? Very simple game. Ask yourself how much you pay for your local taxes. For example, in Miami we pay 7% of local sales tax. Let's say any iPhone or airport I purchase I pay 7% of the tax. In Massachusetts we pay 5% of the sales tax. Just ask yourself what's the local sales tax? Why you like to pay 7% sales tax to buy an airport but you do not spend 7% of your total income investing in yourself? No brainer. Okay so let's say you make $200,000 per year and let's say 5% that equals $10,000 per year budget you can invest in yourself to continue growing. I know all of you guys ask me the question Nancy. $10,000 sounds like lots and lots of money off my paycheck. I have bills, pay, I have a rent, I need to take my girlfriend out for dinner. So now let me help you to have a mindset shift and actually change my life completely. Do you think that you need to learn how to lead only after you become a director? No because you need to actually learn how to lead and then generate opportunities once director opportunities is all opened up for you. You are the first person who is in line to get the director position. That's also one reason I invested myself in learning leadership management before becoming a director and also reason I became a director within four years. And I also have a personal failure I could share with you guys specifically regarding investing in real estate. I was offered opportunity earlier actually it was my boyfriend at the time and me was offered opportunity saying that hey someone in the building of our neighbor is trying to sell the property because their parents pass away so they just really want to sell the property very fast. And at the time me and my boyfriend was offered this opportunity but we're only six people know these opportunities. We were the one who's so ready to make an offer and take these opportunities or we stopped ourselves because we didn't have real estate training. We asked ourselves saying that well this property looks old we need to operate some kitchen we don't know how to do it and how exactly we can do the calculation it's really going to make sense I'm going to move in here we're about parking around here so lots of uncertainties that led us not to purchase the real estate but guess what other people in the building purchase this real estate for $500,000 and guess what within one month they resell this piece of property for $600 within one month they made $100,000 we will offer the same opportunities we're ready to make an offer we actually need a apartment to leave just because we don't know how to do the math how to evaluate opportunities and how to figure out how to flip properties and quickly sell it we lost $100,000 within one month just because we didn't have the education guess what three months later I took another real estate course and I understand you can just re-home sell your real estate without even doing any update to the kitchen to the properties and many different ways to invest just because I didn't have the knowledge when opportunities was presented in front of me and I lost it so therefore I recommend all of you guys start investing yourself right now whatever money you can save few thousand dollars few hundred dollars you start investing in yourself and gradually level up yourself and believe me within five years if you apply this 35% rule you're able to change your life and become yourself my millionaire as well people also ask me how much money I invest in myself well actually last year I spent $32,000 in learning and from coaches to invest in myself because I deeply believe that improving the leaders of the company is going to raise the entire company together and on top that I also give away thousand dollars to non-profit every single year and this year we're going to teach kids from low-income families management for free so I believe that giving away to other people is also another way to invest because it helps your mental energy mindset to grow together with the community to make you happier right now if you're asking hey Nancy what are the ways can I invest in myself and generate side incomes would invest into different real estate different kind of asset you should watch this playlist we'll talk about financial independence and the retire early if you like this kind of investment content and mindset shift please make sure to comment in the chat and let me know if you want me to make more videos like this please like and share this video and let me know I will continue to have the motivation to make similar videos like this and this is Dr. Nancy Lee from PMExcerptor.io. See you next time.