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!
You Can Change Your Life In 4 Years, Or Less!
Season 2 Episode #49. Not Me, But YOU! Podcast. Thank you for all of the downloads. You can change your life in 4 years or less. To be a successful investor: do 3 things. 1) Buy/hold Bitcoin. Do not sell it. Stack it. Bitcoin is the best performing asset on the planet over the last 16 years! 2) Invest in true high yield dividend stocks/ETF's/closed end funds. 3) Sell simple option contracts: cash secured puts/covered calls.
This strategy focusses on CASH FLOW> I don't use a personal money manager. The reason: I know that 99% of money managers make MOST of their income by charging their clients FEES. They do NOT make most of their yearly income by investing in the same investments that they advise their clients to invest in! Another way to say this is that they are sales people and marketers. Not phenomenal investors!
Read the book, "The Big Print" by Lawrence Leppard. To be a successful investor you have to be mentally tough. And you need to understand that your main goal is to outpace inflation (the true rate of inflation). You won't accomplish this by only earning 4% or 5% on your money in some "safe" investment.
Apple was laughed at when it first came on the scene. But study the Apple story. Learn from it. Apple stock is a great growth stock. But it is NOT good for cash flow! MSTY is a great ETF that is linked to MSTR> Why does the MSTR stock matter? Because they hold hundreds of thousands of Bitcoin! So MSTY is a Bitcoin play that pays a monthly dividend. It pays me cash flow. So I don't focus on the price/share. I don't care if the share price decreases. The ONLY think I care about is does it continue to pay me cash flow! CASH FLOW is the path to wealth AND remaining wealthy (as inflation causes prices to rise in the future)>
My growth stocks for buy/hold are MSTR and Tesla. Learn about Tesla. It is more than just an electric car company! Know your investment goal (growth vs. cash flow) BEFORE you invest!
When ONE Bitcoin is valued at $1,000,000, then take a loan against a small portion of it. Use the "buy, borrow, die" strategy to fund your lifestyle. This is the same strategy that Bill Gates and Jeff Bezos uses to fund their lifestyles WITHOUT selling their assets. They do NOT sell some of the stock shares so that they pay LESS in taxes!
Buy "slices" of Bitcoin every week! Whatever you can afford. The number doesn't matter. It's the habit of consistently investing in it that will help to make you extremely wealthy one day.
I like Charles Schwab for buying/holding stock. I recommend them because their platform is EASY to use. And I love their consistently awesome customer service. You can actually get a human on the phone to speak with very quickly when you call them! That is VALUABLE to me as a customer.
Buy "in the bear markets." Doing this will help to make you wealthy. But again, you have to be mentally tough to accomplish this. Most people do NOT buy in Bear markets.
Have courage today, to pick one thing, and work on your dreams.
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.