The Elusive Unicorn Investment- Zero Risk and 100% Guaranteed To Make Profit!

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Season 2 Episode #37. Not Me, But You! Podcast. 

I've grown really tired of all of these online "gurus" and "creators" spending so much time introducing topics in podcasts/Youtube videos. Suggestion: do less introducing and just get into the topic! 

The elusive unicorn investment really comes from a place of fear. It comes from believing that you should avoid risk. However, rich people become rich by TAKING risks. Wealthy people buy/hold assets. Poor people buy things. What is your focus? 

The unicorn investment (that doesn't exist on planet earth) is  an investment that is 100% guaranteed to make a profit and has ZERO risk. That doesn't exist. You have to be willing to take SOME risk in order to become wealthy. 

Finding ways to increase your weekly and monthly cash flow is your pathway to build wealth. I share specific high yield dividend stocks/ETF's/closed end funds in this episode! 

Know that the true rate of inflation runs 8% to 10% per year. So in order to be a successful investor, you must earn MORE than that, on your investments,  in order to be able to afford rising costs in the future. 

When you retire, you don't have to stay in the same geographical location. Southeast Asia is a very inexpensive place to retire. Your money will go very far there. And as long as you have an internet connection, you can continue to invest and make money online. Check out places on Vietnam, Thailand, Malaysia. 

Bitcoin is a brand new asset class. It will change the way you live in the same way that Apple changed the way we took pictures (using our phones to take pics instead of a separate camera with film!). Bitcoin will transform the financial industry in the same way Apple was disruptive and created Smart Phones that allow us to use our phone for: banking/investing/taking pictures for FREE/watching movies and videos/listen to music etc. 

Consider buying/holding assets and when you asset goes up in value, consider using the "buy, borrow, die" strategy and take a loan against a small portion of the asset. That way, you NEVER sell the asset! Food for thought. 

Get used to feeling and taking some form of calculated risk. Don't be afraid of making mistakes. 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.