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 #91- Managing Thoughts/Emotions When You Have $6,000/$8000/$10,000 In Monthly Dividend Income
Season 2, Episode #91 Not Me, But You! Podcast. To connect with me/follow me you can find me on X at: Waypa Today. We discuss how to manage our thoughts/emotions when we have $6000 or $8000 or $10.000 or more in dividend income each month.
If these numbers sound incredibly out of reach to you, then keep listening to this podcast. We explain in multiple episodes how you can simply push buttons on your phone and INCREASE you weekly/monthly cash flow. We also talk about "saving our money" in Bitcoin and why that is superior to simply placing cash in a low yield or low interest bank account.
We experience the life that we focus on (per Tony Robbins). What we consciously choose to focus on, often dictates our ultimate success or failure. In my monthly budget, every dollar has ONE job...to make me another dollar. How do we do this? By buying/holding assets. We need to OVERCOME the constant of inflation that ERODES the purchasing power of our fiat currency.
What do you believe is possible for you? What we tell ourselves (especially repeatedly) often BECOMES true in our lives. A great book to read is: "You Can Just Do Things" by Jay Yang. Getting started in something new can be scary. But we need to attempt things and do things EVEN though we feel scared or nervous or unsure. Avoidind risk at all costs AND becoming wealthy is nearly impossible.
We have to get used to the idea of accepting some risk and AS you get wealthier you can dial back the risk and take LESS risk as time moves forward and our portfolios grow subtantially.
I don't know what your personal beliefs are. What you choose to believe is your personal decision to make. But for me, I believe God has a plan for my life and I believe that He wants to see me succeed and I belive that He HAS helped me in life and CONTINUES to help me even today. This thought, for me, this belief is compforting and helps drive me forward to new opportunites and face life with each new day. We can help to change our lives in 4 years. But I believe in my personal situation, God has helped me to do that in LESS than 4 years. So I can't take 100% credit for my success. But that being said, I was willing to do the work. But I first needed to know WHAT to work on and in what DIRECTION to head.
Many people who procrastinate are wonderful people. But their procrastination serves a pupose for them. Procrastination often helps people feel comfortable about NOT STARTING. We convince ourselves that we NEED to do more RESEARCH BEFORE we get started. Most times in life, this is simply NOT true. But telling ourselved we need more time, makes us feel better about NOT taking action today.
If we believe in an asset, then when the price drops significantly, our emotions tell us to sell ("cut our losses")> But skilled, long term investors often patiently wait for these opportunities, to BUY more. When the asset price recovers and returns to what it was previsouly, the skilled investors who managed their emotions benefitted by buying shares a huge discount.
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.