#1,346 How to build a plan for the goals you have

Episode Transcript

Speaker 1 (00:06):
Welcome back to Investing in Trading Live sponsored by Trading Academy.
I am your host, Josh Lolquist. On the last segment,
we cover those wealth protection strategies. We have a lot
of people that are coming into our free trading and
investing workshops lately that have been able to build that wealth. Obviously,
because markets are at all time highs, they want to
build those skills and learn the techniques to protect that.

(00:30):
But also what's pretty cool is we're seeing a lot
of people coming into the Academy that want to leave
a legacy for their family. And that's important because think
about how great you would feel you were if you
started a legacy for your kids or your grandkids and
you knew that they were going to be secure for
hopefully generations to come. And it takes time to build

(00:53):
that wealth, right, So that's why you have to get
started when you have those opportunities. So we're seeing so
many people.

Speaker 2 (00:59):
Which is pretty cool, that are coming in that want
to be able to get started to build that wealth
or that legacy for their family. But also people want
to just help others and they want to donate and
stuff like that. So people it's nice. People are not
always so greedy, they want to give back as well,
and that's I've been having a lot of conversations with
people al lately that want to give back to the

(01:19):
communities and help others because a lot of people are
struggling out there. So if you have that will or
that desire to help others, it takes extra income, it
takes wealth building and then discretionary that you can do that,
so then you have that opportunity to feel the way
that you want to feel, if you want to learn
more about that wealth protection, that wealth building strategy, the

(01:40):
legacy that people are leaving. Just you know, we talk
about the different opportunities that the market, that the market gives.
You come into one of these free investing and treating
workshops and learn what these concepts are and the different
techniques that you might be able to apply with these
markets and have those choices that you always wanted to make.
Text Investeeing to the number two ten two ten right

(02:02):
now for two seats for that free investing in trading
workshop locally at the Academy or at a low one
of our locations all across the metro. You can also
go to Trading Academy dot com. That's Trading Academy dot com.
You can pick your own seat and date there. Make
sure to follow and subscribe to the podcast. I want
to thank everybody for listening to the podcast. We're getting
so much activity actually all across the world, but especially

(02:24):
located all across the country here with people that are
looking to gain that financial literacy. So make sure to
follow the podcast if you miss part of the show
by going to Investing and Trading Live wherever you listen
to your podcasts A podcasts, iHeartRadio and Spotify. So on
this last segment here of the day, since we're on
the radio waves here today, but this is also going

(02:46):
to the podcast on all this podcast sites, I want
to continue that discussion about wealth because it's so important.
You know, we talked in the last segment that people
want to be able to leave legacies for their family
and have the those opportunities and this really makes you
feel good knowing that your family is secured, and I
think that's probably the most important thing in most people's

(03:07):
lives is their family. Now, we have a lot of
listeners as well that want to be able to retire
and do that, but they're not quite there, so they're
going to need to. You mentioned in the last segment,
there's strategies to boost those returns, which means you're basically
using less capital to get a higher rate of return.
There's by using leverage. That's how that's done. But let's

(03:29):
just say somebody has X amount of dollars in their
retirement account, and so they have some, but they don't
have enough to retire. They know that they don't have enough.
They feel like they might have to work forever, or
work until they're sixty, seventy eighty years old. Whatever. It
is not because they want to, because they know they
have to, because they just don't have enough. So what

(03:49):
are some of the techniques that you've helped a lot
of people do as far as that have some retirement
accounts and need to continue to build those.

Speaker 3 (03:58):
Well, it starts with this, Josh. It starts with understanding
that if you are not where you want to be
or where you need to be, you've been doing something
that hasn't worked. If you continue to do the same thing,
you're never going to get to the point where you
want to be. You mentioned the legacies of people want
to leave. People that have a goal like that typically

(04:21):
do better in the markets than somebody that just says, oh,
I just want to make money, you know, having a goal,
having a specific goal or dream. That's something that as
I mentioned earlier, you have to know what you're investing
for before you know how to invest properly. So if
you're looking for doing something different, you don't have a

(04:42):
lot of money, those leveraged assets that we're talking about
give you the opportunity to participate with a much smaller
amount of money upfront. If you do it right, you
have less money into a position, you have less risk
in a position, and you have great yer percent return
potential in your positions. Those are all great things. So

(05:05):
if you are let's say that you only have you know,
even a couple thousand, fifty one hundred thousand, you know,
certainly you don't want to put all of that into
risky stocks, but you can participate with a good diversification
of holdings by using these leverage assets. So if you're
only looking at you know, maybe just a few hundred

(05:26):
dollars into a position instead of ten twenty fifty thousand
dollars in a position, that gives you the opportunity to
have more than one position. You know, you shouldn't just
have all of your money in one thing. You want
to make sure you're properly diversified. And that doesn't mean
just having different stocks. It doesn't mean having different mutual

(05:47):
funds that cover different parts of the economy. It means
having assets that are not all correlated to each other.
And if you can use these leverage assets that allow
you to participate with less money, can do that, and
that's one of the things that we help our students do.
You mentioned earlier how the people that are coming in
are surprised when they find out that we're a physical location.

(06:10):
I'm hearing that too, Joshua. People coming in and say, gosh,
I wish I had found you guys before. I had
no idea there was anything like this available. A lot
of people can pull up their fire up their computers
and they can go on YouTube and listen to somebody
talk about a particular strategy. But what if you try
to use that strategy and it doesn't work and you

(06:32):
need help. Good luck, some people will go to maybe
a seminar somewhere and you'll learn a specific strategy. And
by the way, there isn't one strategy that's right for everybody.
It should be something that's that's special to you. That
there's a right path for every person, but it's not
necessarily the same path. So let's say you go to

(06:54):
a seminar at a hotel and you start to have
issues when you start to trade whatever they talk. You
can't go back to that hotel and find somebody there like.

Speaker 2 (07:04):
Joshua, and the hotel staff doesn't help you.

Speaker 3 (07:06):
Well, you might, in fact, you might even find maybe
a one of the bus boys who will give you
some stock advice. That's when we know that we're at
a point where the market is going to roll over,
but we have a physical location here in Bloomington with
real people. You can come in and sit down with
real people who will help guide you, help give you

(07:28):
the you know support you need, and not only give
you the knowledge that's necessary, but help you build the
skills to use that knowledge.

Speaker 2 (07:36):
I think that's important. Now I want you to just
kind of elaborate a little more on that why that's
so important to work with real people rather than a
guru quote unquote online or a fly by night circus
that's that comes in and out of town.

Speaker 3 (07:49):
Right Because it's it's because of emotions you know, if
you if you just have a little bit of knowledge
and you try to use it and it doesn't work,
sometimes people do what we call you know, well, they
start to take risk that they that they shouldn't take.
Car revenge trating. You know. Maybe you put some money
into something and you lose, and you're thinking, well, now

(08:10):
I've got to double up my next investment to make
up for what I just lost, and you keep digging
a hole deeper and deeper for yourself. When you have
issues or questions our students, we tell them, look, stop,
don't don't guess at what to do, come in and
sit with us and let us help guide you. You know,
when you can sit with somebody who is a trader

(08:31):
who does this probably every day, and they will they're
willing to look at what you're doing to help guide
you towards doing it better. You know why. I take
advantage of that, and that's that's a huge part of
why our students are successful. They have that guidance to
support and the mentoring to repetitively do what's right.

Speaker 2 (08:52):
Correct. Yeah, And I want to just make sure that
you mentioned you know, one thing a little bit ago
about people have different goals to do certain things. Everybody
has goals in life, but a goal without a plan
is just a wish, and that's why we're having so
many people come to Trading Academy to learn what that

(09:13):
plan looks like. And once you have a plan steps
within it, all you need to do is just follow
those steps. So if you're that person that has a
goal with anything, you know financially, or it doesn't even
have to be financially. It could be just leaving a legacy,
which could be financially, but that's more of a mental happiness,
and you need a plan and steps within it come

(09:34):
into one are these free investing in trading workshops to
gain that financial literacy on how that is done, and
it's using the right vehicles, it's using the right strategies
and techniques and also doing that with confidence. But building
that consistent strategy has steps within it. That first step
is that free Trading and Investing workshop. Simply just text

(09:56):
the word investing. If that's you that wants to learn that,
text invest to the number two ten, two ten. That's
text investing to the number two ten, two ten for
two seats for the free Trading and Investing workshop. To
gain that financial literacy on whatever goal that you have,
but most importantly, building a plan that's designed to tackle

(10:16):
that goal. Text investing to the number two ten two ten,
or go to Trading Academy dot com and you can
pick your own seat and your own date there. We've
had a great discussion here today. I gave you two
different positive outlooks on your celeciate today. One maybe maybe
not so much, but you got me back on you
know that wasn't you? And you who Let's hit them
up with today's tip of the week.

Speaker 3 (10:38):
Well, you know what, Josh. One of our goals is
to shift people from talking about things and thinking about
things to actually doing them. We're all creatures of habit.
We usually continue to do what we've previously done, which
isn't such a good idea. We want to help you
adopt new habits. So the things you repeatedly do are
the things that are going to move you towards your goals.

(10:59):
Figure out where do you want to go? That's your
goal your goals. Once you know where you want to go,
work your way back to your current place. Where are
you now? And then you have to act. And if
you've ever worried about having the perfect plan. Please stop.
Life is never going to be perfect never. Every successful
person adjusts their goals along the way and course corrects

(11:19):
to get there. They don't spin their wheels and they're
not sitting in neutral. They move, So today, start moving.

Speaker 2 (11:26):
I like that, And it starts with those habits. Once
you do a thing something once or twice, you create
a habit. And that first step is that free investing
in treaty workshop text, investing into the number two ten
two ten for two seats trading academy. Invest differently, smarter,
skillfully as always, same time, same place, next week until then,

(11:47):
retire young, my friends,