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 #89- There Is No Speed Limit On The Highway To Success ( You Can Go Fast Or Slow)
Season 2 Episode #89. Not Me, But You! Podcast. If you want to follow me or connect with me, you can find me on X at: Waypa Today. Thank you for all of the 10,000 plus downloads!
There is a disturbing trend where fewer and fewer Americans CAN AFFORD to retire. Why? Answer: due to inflation (rising costs!) Now WHAT would help anyone with rising costs? Answer: MORE CASH FLOW!
Time is our most valuable asset in life. Most of us go to a job WHERE we trade time for money. We do that until me have saved/invested enough where we have so much weekly/monthly cash flow, that we can afford to walk away from our jobs(we retire).
Every investment that anyone considers should not be viewed in the same way that we view Apple stock. We know that Apple is GROWTH stock. So therefore, the ONLY way we can lock in profit, is to SELL SOME SHARES, when the stock price goes up! So we ONLY have ONE way to make money (profit) with Apple stock.
But what about dividend stocks/ETF's? We can buy/hold dividend assets that PAY us WITHOUT us having to sell shares! Guess what you can do with cash flow? Answer: Anything you want. That's what makes cash flow SO VALUABLE!
We discuss "NAV erosion" and "share price ersosion" and how we don't really need to concern ourselves that the share price has decreased, as long the asset continues to PAY US a dividend on a schedule (weekly/monthly). I don't care if I "lose money" ON PAPER, as in IF I were to sell shares. I don't plan on selling shares! So WHY would I care if the share price fluctuates UP or DOWN?
We don't have to wait for permission to become wealthy. Start today. Start messy. Start right where you are today. Stop telling yourself that you aren't ready or that you need to do more research. Your goal should be to learn. Your goal should NOT be "not fail." Failure is VALUABLE information that you can use when you try again!
Wealthy people are focussed on buying/holding assets, that pay them cash flow. Poor people are focussed on buying/collecting things! Wealthy people think about MONEY differently from how poor people think about money. What is YOUR focus?
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.