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Season 3, Episode #24. Not Me, But You! Podcast.
Connect with me/follow me on X platform at: Waypa Today. Or email me at: WaypaToday@gmail.com. I offer private coaching via 1:1 or in a small group. Email me to arrange a FREE 20 minute Zoom call to see if working together makes sense.
I am happy to report that some of my coaching clients are successfully making $1,000 to $2,000 per month consistently in cash flow!
Bitcoin prices pulled back some (decreased) as oil prices are surging based on concerns of war with Iran. How are prices in our economy influenced? Answer: influenced by inflation. If someone does NOT have a clear understanding of money/interest rates/inflation, then they likely won't understand how VALUABLE Bitcoin will be!
We discuss "the K shaped economy" and talk about what it means for you as an individual investor. Why do rich people appear to get richer and poor people get poorer?
Mark Twain: It's not what you don't know that gets you into trouble. It's what you know for sure, that simply is NOT true that gets you into trouble! ....Be careful of what you convince yourself of. Is Bitcoin a scam? Not likely. People have been PREDICTING that Bitcoin will crash to ZERO since 2009! It hasn't happened EVER!
We discuss the Federal Reserve Bank and why being aware of what "The Fed" does that affects you as an investor.
What do wealthy people do? Answer: they buy/hold assets. Some of those assets pay them cash flow. Inflation helps people who HOLD assets, to become wealthier. What's better than simply holding dividend producing assets in a regular brokerage account? Answer: Hold them in an IRA account. What's better than hodling a dividend producing asset in an IRA? Answer: holding it in a ROTH IRA! Then your dividends are 100% TAX FREE, not simply tax DEFERRED.
Why does the value of real estate tend to go UP over time, as the real estate becomes OLDER?? Does the value of your real estate increase? Or does the purchasing power of your money decrease CAUSING prices for EVERYTHING To rise??
Have courage today, to pick one thing, and work on your dreams. We will talk again soon.
#Real estate, #Saylor, #Bitcoin, #inflation, #money, #currency, #fiat, #MSTY, #ULTY, #wealth, #investing, #IRA, #Roth, #stocks, #retirement #Not Me
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.