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!
"The Big Print" By Lawrence Lepard- A Book For Investors On Bitcoin/Inflation
Season 2, Episode #50. Not Me, But YOU! Podcast. I share an excerpt from Lawrence Lepard's book, "The Big Print." He talks about inflation and money printing and inflation. And of course, he makes the case for Bitcoin to affect global markets in the next 5 to 10 years.
He tells a great story in the book about how he made "some money" on his Microsoft stock purchase/sale. But he MISSED out on a much larger gain because he SOLD TOO SOON! We can draw a parallel between his Microsoft stock purchase/sale and how people were skeptical of Microsoft in the 1980's, in part, because critics thought of Microsoft as "just a software company." These criticisms are similar to the criticism we hear today about Bitcoin.
For those of us, that already have/hold Bitcoin, the future looks very bright! What do you have to do? The answer is simple: Buy/hold Bitcoin. Do NOT sell it! That's it!
I go over the "buy, borrow, die" strategy that wealthy people use where they hold assets and take loans against a portion of it. That way they minimize tax payments because they are NOT selling the asset and paying capital gains tax!
I highly encourage every investor to get this book and read it. Larry (Lawrence) writes well and his book is easy to read/understand. It will help anyone gain a deeper understanding of what Bitcoin is and how it will play a major role in the global economy. One day, in our lifetime, things may be "priced" in Bitcoin. The Petrol dollar is in decline. Bitcoin may become the new world currency.
Open 3 accounts: a brokerage account, a traditional IRA account, a Roth IRA account. I use Charles Schwab. I love their company and their excellent customer service. I can easily get a human being on the phone and their employees are always super knowledgable and helpful.
Have courage today, to pick one thing, and work on your dreams. We will talk again soon!
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.