20 Minutes on Warren Buffett - (Wealth Preservation Vs. Wealth Accumulation)

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Season 2, Episode #36. Not Me, But You! Podcast. 

20 minutes on Warren Buffett. There are two basic investments game/scenarios. If you are already very wealthy (multi millionaire) then your investments goals, as a wealthy person will likely center around a strategy to NOT LOSE MONEY. That is called Wealth Preservation. 

Contrast this investment approach with someone who is trying to become wealthy. That person is playing a different investment game from Warren Buffett. That person who is trying to become wealthy is playing the Wealth Accumulation game. That isn't Warren Buffet's game. He is playing Wealth Preservation (as in he is trying to not lose money). 

So it's important to know first, which game are you playing? If you are engage in Wealth Accumulation, then you must be prepared to take MORE risks with the chance to make MORE PROFIT, than Warren Buffet does. 

Warren Buffett already has ALL of the monthly cash flow that he needs! That is in essence, why he is "retired." He doesn't need to go to a job where he trades time for dollars (fiat currency).  They way we, who are playing the Wealth Accumulation game, increase our cash flow is by investing in high yield dividend stocks/ETF's/closed end funds like OXLC, and OARK, and YMAX or XDTE, or QDTE. 

And save your wealth in the best performing asset on the planet, Bitcoin. However, Bitcoin does not PAY us cash flow, but it is the best asset to save your money in because Bitcoin PRESERVES your purchasing power of your wealth. 

One of my favorite Tony Robbins quotes: We don't experience life. We experience the life that we choose to focus on. 

My life suggestion: Stop focussing on politics or watching videos on Tik Tock.  Instead focus on making more money for you and your family. Find ways to "push buttons on your phone" and INCREASE your weekly/monthly cash flow. Find assets to buy/hold that pay a WEEKLY dividend and every Friday can be a pay day for you! 

Use ROTH IRA's to your advantage. Have 3 types of trading accounts: regular brokerage, traditional IRA, and a Roth IRA. 

Have courage today, to pick one thing, and work on your dreams. 

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.