Season 2 Episode #44. Not Me, But You! Podcast. I took an unintended and unscheduled break from podcasting. Back now and recording/uploading episodes consistently again.
Do these 3 things: 1) Buy/hold Bitcoin. Do not sell it. 2) Invest in true high yield dividend stocks. Grow your weekly, monthly, quarterly cash flow. 3) Sell simple options contracts (cash secured puts/covered calls) to increase your cash flow. You ask, "Can life be this simple?" Answer: YES!
You can always find ways to complicate your life. When investing, keep things simple. The pathway to wealth, IS simple. It's people who make it complex. Resist this tendency. You can become wealthy simply by pushing buttons on your phone.
Use cold storage devices to store your crypto. YOU are your own bank when you do this.
Three don'ts. 1) Don't be afraid of change. 2) Don't be afraid of volatility. 3) Don't be afraid to fail at something, until you succeed at it.
Good Quote: You deserve to be happy. You deserve to live a life that you are excited about. Don't let others make you forget that.
What can you do with cash flow? Answer: Anything you want! That's what makes cash flow so great!
Have at least, a general understanding of what causes inflation. Understand that your main goal, when investing, is to outpace the TRUE rate of inflation.
Use dollar cost averaging to buy several different times, on a schedule, as you accumulate more Bitcoin, as you accumulate more shares of stock.
If you had $20,000, you could likely use that pile of money to generate $400 to $500 of cash flow PER WEEK!
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.
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