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!
Ep #80- How Investors Can Beat Inflation (Pay Off Debt Lump Sum Vs. Create New Cash Flow)
Season 2, Episode #80. Not Me, But You! Podcast. This podcast is your roadmap to both wealth and freedom. 1) Save your money in Bitcoin. 2) Buy/hold true high yieldl dividend stocks/ETF's that pay you weekly/monthly cash flow. 3) Learn to sell simple options contracts that pay you cash flow by simply pushing buttons on your phone.
You can connect with me on X: at Waypa Today...Iron for the body, books for the mind, gratitude for the soul!
The book, The Big Print, by Lawrence Lepard, has a quote from Alan Greenspan: "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value." However, there IS a solution. It's called Bitcoin. Bitcoin is rare because it has a fixed supply. Bitcoin is deflationary. It costs less and less Bitcoin to purchase things as Bitcoin continues to reach a new all time high price. Conversely, USD LOSES purchasing power as more and more dollars are printed. So prices rise in the marketplace.
College degrees alone, did not make me and my family wealthy. Learning how to buy/hold assets will make you rich. It's your pathway to freedom. Your entire life is centered around receiving cash flow. Examples of cash flow: your paycheck, your Social Security check, your pension check, your retirement check, investment income etc.
Real life scenario discussed: If you have debt, what is better? Paying off the debt in one payment, if you can? Or is it better to create weekly/monthly cash flow and use the ADDITIONAL cash flow to pay off your debt at quicker pace? If you choose to use cash flow to pay off debt, then ONCE the debt is paid off completely, you STILL have additional cash flow! What can you do with cash flow? Answer: Anything you want. That's what makes it so valuable.
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.