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 #93- Why Share Price Erosion Does NOT Matter (Dairy Farmer Story)- Plus Yieldmax Funds Announcement
Season 2, Episode #93, Not Me, But You! Podcast. Follow me/connect on X at: Waypa Today. Yieldmax announced that they are moving to ALL weekly payers on their ETF's. Some of their funds (ETF's) were paying a dividend ONCE a month. Now ALL of their funds will pay a WEEKLY dividend. So we will get our dividend money (our cash flow) sooner and on a weekly payout schedule.
Wealthy people buy/hold assets! So make it a weekly/monthly goal to buy some more ASSETS. Buy/hold assets that pay you CASH FLOW. Your entire life revolves around cash flow! So build your "ATM machines" INSIDE of you regular borkerage account, and inside of your traditional IRA and inside of your Roth IRA.
Then ROTATE your dividend money into LESS RISKY investments. Take 1/2 of the dividend money and buy FREE shares of the asset that paid you a dividend. Take the other 1/2 and buy index funds like QQQI and SPYI.
Instead of buying things on your credit card and then paying off the credit card. Build cash flow that will pay for your next purchase of a TV, furniture, new appliances etc. Then use your credit card and pay it off within 2 months.
We discuss the dairy farmer story that shows us why share price erosion does NOT matter with ETF's' that pay us a dividend!! And we only lose money when we ACTUALY SELL SHARES. If the share price drops on your STATEMENT, that is a PAPER LOSS, not and ACTUAL loss, unless you're silly enough to sell shares!!
The ONLY thing we care about when it comes to Yieldmax ETF's or ANY other dividend paying investment, IS the dividend. Is it paying us a dividend? Answer: Yes, Then we are good because you may not EVER sell shares. So why would you care about share price moves? Why would you care about share price erosion? If it still continues to pay a dividend, that is the ENTIRE reason you invested in that asset!
Have courage today to pick one thing, and work on your dreams! We will talk again soon.
#share price erosion, #becoming wealthy, #dividends, #options
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.