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 #95- FOMC Meeting This WED (Rate Cut? - Effect On Investors/Markets/Stocks/Bitcoin)
Season 2 Episode #95. Not Me, But You! Podcast. Follow me/connect with me on X at: Waypa Today.
What does the upcoming FOMC meeting have to do with us as investors and what does it mean for prices consumers will pay? Typcially, stock markets/crypto markets LOVE rate cuts. We are expecting another interest rate cut this coming Wednesday, 10/2925.
The cuts are usually accompanied by Gov't money printing which causes inflation. When inflation kicks in, prices rise. This is BAD for consumers because the COST of ALL goods/services has to increase (because inflation/money printing casuses the VALUE of the money's purchasing power to go DOWN!). So, in response, to LESS purchasing power of money, prices have to INCREASE!
But inflation actually benefits those who BUY/HOLD assets! So it is a double edged sword. If you OWN assets, then it can benefit you. If you ONLY own things, then you will SUFFER...meaning it will cost you more simply to live (food/energy/cars/rent/real estate purchases etc).
We believe in dollar cost average buying "slices" of a whole Bitcoin, regardless of the price. Why? Asnwer: Because overall over the next 8 to 10 years, we expect the price of Bitcoin to continue reach new all time highs. What is better? Self custody Bitcoin in a "cold storage" devices? Or simply gaining exposure to Bitcoin by purchasing traditional finance assets?
Stacking or "saving money" IN Bitcoin does NOT pay your cash flow. But the other TWO things we talk about DO pay you cash flow both WEEKLY/MONTHLY.
1) Invest in TRUE HIGH Yield ETF's for weekly/monthly cash flow.
2) Sell simple options contracts for cash flow Weekly/Monthly.
Have THREE types of accounts at your brokerage platform: Regular account, Traditional IRA account, Roth IRA account.
Have courage today, to pick one thing, and work on your dreams. We will talk again soon.
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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.