One million dollars is a lot of money to have. One person could spend all that money on many things, but is there a smarter way to redirect those funds? According to Robby Clark, a founder and head of SID Developments, there is, and it’s called investing.
Recently, Robby launched a new series on Instagram called Robby’s Rantz. In each episode, Robby plans to share ideas providing valuable information to new entrepreneurs & investors looking to understand finance and “the game of money”.
“What would you do with $1 million?” says Robby. “The other day, Quavo, the famous American rapper, asked what he should do with $1 million in cash, and I gave the answer I’d give to everyone: INVEST!”
Robby Clark is a renowned businessman and founder of a 9 figure scaleable rental real estate business, SID Developments. His companies’ focus is acquisition, renovation/add value, and property management.
Robby has built a portfolio of over 250 properties, nine figures in holdings, and eight figures in rental income, all through perseverance and learning from failures. With his experience and knowledge, he feels like he can give great guidance to all people who are thinking about investing, getting involved with the real estate industry, or looking for alternative investment opportunities.
Whenever someone asks him how to invest money efficiently, his answer stays the same. “Investing is a part of my everyday life, and over time, I’ve gotten quite good at knowing what opportunities to look for” he says. “My motto is ‘Spend. Invest. Diversify.’ as I’ve never been a good saver and this has worked well for me and sped up my learning curve.”
Diversifying does not mean several companies in the same industry. It means finding the winner in sectors you enjoy & investing with them. I believe broad diversification is a mistake. If you sold Amazon at any point over the past decade to buy another retail business, this was a mistake. “My investment portfolio includes some stocks, cryptocurrencies, alternative assets, and real estate. I only invest in things I enjoy learning about.”
Robby points out that real estate is his favorite industry to invest in because it’s taught him so much, and he’s able to provide value in towns/cities that need it the most. “The rental income pays down the equity of the properties & is essentially an automatic savings account. You can then use this down the road to buy additional properties & increase your cash flow.”
Robby shares all of his investment strategies and advice on becoming a successful entrepreneur on his Instagram page. Please remember that Robby is not a financial advisor and invest at your own risk. Be sure to follow Robby and stay up to date with his latest Robby’s Rantz episodes!
