Not Me, But You!
Welcome to Not Me, But You! This is likely one of the most ironically titled podcasts since the focus is designed to be on the podcast listeners rather than the podcast creator. I spent half of my life as a school administrator and I want to share with you what I've learned about education, teaching, learning, reaching your goals, attaining your dreams, developing relationships, encouragement, motivation, business, income, and money. My desire is to shine some "psychological sunshine" onto your thinking. I believe it's possible for you and me to attain our dreams in life. But often, many of us need a good teacher, a good mentor, and a good cheerleader in order to help us along the way.
I am confident that you will learn some things from me. But more importantly I want to learn something from you. I will share what I'm passionate about. But I also want to discover what you are passionate about. And by listening, you will discover how to set goals, how to track goals, how to achieve goals, how to select a good "guru" or mentor or teacher or advisor, how to make money and save money. And most of all, I want you to discover what is your most valuable asset and how to gain freedom in your life. (Answer: your most valuable asset is your TIME). How do we do that? By buying and holding assets. But we need to learn which assets are best for us. You can become wealthy by pushing buttons on your phone!
Not Me, But You!
Fred Krueger Post On X On Prices/Ultra High Yield Stocks-How To Identify
Season 2 Episode 24 of Not Me, But You! Podcast.
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There is a changing of the guard coming January 20th 2025. The USA will have a new president that day. Politics can influence financial markets. Be aware of these significant political changes, but don't spend a large amount of time focussing them. Instead, make your focus researching/buying/holding assets. The more assets you acquire, the closer you are to retiring from your job/career, if you choose to. You don't have to retire. But, in life, it's nice to have options.
What are your two largest bills each month? For most people it's housing (mortgage or rent) and food. Also some form of transportation like a car payment is likely a significant bill in your budget. What if you could eliminate ONE of these large payments each month? If you could, then you would have that "payment" available in your budget to buy assets!
Poor people buy things. Wealthy people buy assets. I cover a post from Fred Krueger on X on in this episode. I also cover articles you will find online that claim to name "ultra high yield" dividend stocks. Be careful! If you aren't earning a yield that is at least 8% a year, then you aren't keeping pace with the true rate of inflation. Many successful investors, I have found, suggest making at least 14%/year so that you are offsetting the effects of inflation on prices which will rise over time.
We all need to, at times, police our monthly budgets. Know WHAT you are spending money on. Can you temporarily make that bill go away? If yes, then you have found extra money within your budget to go buy assets with.
I'm not a financial advisor. This podcast is for education/entertainment purposes only. You will need to do your own research and accept responsibility for the results of any money you choose to invest. I love using Schwab.com to buy/sell stocks/ETF's/closed end funds/options. Schwab has a very user friendly app/website and their customer service is excellent. I can easily get to speak to a human being whenever I have questions.