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!
What Can You Do With Cash Flow? Answer: Anything You Want! (That's Why It's So Valuable)
Season 2, Episode #60. Not Me, But You! Podcast. Question: What can you do with cash flow? Answer: Anything you want. That's why it's so valuable!
We, in essence, work our entire lives for "cash flow." You have money in your 401K and you want to retire? Your 401K company will likely offer you an annuity. What is an annuity? You hand over a pile of money, they guarantee you a monthly check! See, cash flow!
Do you live in the USA and are you waiting to collect Social Security? What is that? A monthly check. See, more cash flow.
If you invest in true high yield dividend stocks that pay you weekly/monthly...what is that? See, yet even more cash flow!
What if you learn how to sell simple option contracts by pushing buttons on your smart phone? What do cash secured puts/covered calls pay you? That's right, you guessed it...more cash flow!!
We will all encounter unfair situations and obstacles in our pathway toward wealth. But we can find solutions to these situations/obstacles and then move past them. We can make money even in a market that is manipulated.
Do three things to become wealthy (by simply pushing buttons on your smart phone and using your internet connection): 1) Buy Bitcoin. Don't ever sell it. When it increases in value by 10X, take loan against a small portion of it. 2) Buy/hold true high yield dividend stocks/ETF's/closed end funds. These investments pay you WEEKLY/MONTHLY cash flow. 3) Sell cash secured puts/covered calls to increase your cash flow.
I like MSTY, ULTY, OARK, OXLC, XDTE, QDTE, YMAG, YMAX, YBTC, and QQQI.
If you're just starting out with investing, then do NOT start with the Magnificent 7 stocks (Google, Apple, Amazon, Meta, Nvidia, Microsoft, Broadcom).
Check out the YouTube channel "Retire and Go." Rinsing/repeating your way to success may get boring. But there is power in repetition. And it won't be boring once you're wealthy and can do whatever you want, whenever you want.
Use the FREE website, Stock Analysis dot com, to evaluate stocks/ETF's. Click on the dividend tab (link). Look at the yield, the dividend history, the dividend payout schedule (how often it pays). Build your cash flow pipeline. Poor people buy things, wealthly people buy/hold assets!
We can collect dividends each week/month for simply rolling out of bed, and NOT being dead! Nothing is more passive. For long term growth stocks (the next 8 to 10 years) I like Tesla and MSTR. If you use cash flow to buy these stocks, you are getting these shares for FREE!
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.