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!
Selling Options Contracts Using Your Phone (Long Calls and LEAPS)
Season 2, Episode #74. Not Me, But You! Podcast. Saving money IN Bitcoin is better than saving money in a bank account. "Investing" money into Bitcoin is a better hedge against inflation than most other assets. What is the BEST performing long term growth asset on the planet? Answer: Bitcoin. Better than any stock. Better than real estate.
We want to be option contract SELLERS which brings us immediate cash flow. Selling a cash secured put on a stock ties up money until the contract expiration date. But YOU select the expiration date. And if you buy/hold shares of high yield ETF's some of these ETF's/Dividend stocks pay YOU weekly and monthly dividends. This too, will increase your cash flow!
LEAPS are options contracts you BUY (purchase). With the idea that the stock price will INCREASE and you will make profit. It's possible to purchase a LEAP with an expiration date 12 months or more from now, but it increases in value in just 2 months from now. In that scenario, most people "close out" the position and take a 40% or 50% profit.
Wealthy people buy/hold assets. They are NOT focussed on buying things! They take money that an asset paid them to purchase a "new thing." Poor people take thier money and DON'T invest and then go buy things instead of assets!
If you are earning 14% per year, you are doing great! But the interest rate you earn on your invested money REALLY MATTERS! It's important. Do you know how 401K retirments works when you retire? Typically you are offered "an annuity" which is an insurance company product. The insurance company "guarantees" you a set amount of money each month. But they are USING your pile of money to make WAY MORE money than they are "guaranteeing" to pay you each month!
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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.