Focus On Progress, Not Perfection (Take Action Today)

Send us a textSeason 2 Episode #40. Not Me, But You! Podcast. The longest journey, starts with a single step. So take step number one! Take action today. Don't fear failure. Instead learn from failure. You are responsible for your personal mind set. We always have a choice to focus on something negative or something positive. I don't get on social media, first thing in the morning. Instead I meditate and I read. I do some stretches. I work out. I take care of my body. Investing in oneself is just as important as investing your money. Remember, time is your most valuable asset. Use your time wisely and to your advantage. Did you buy some additional assets today? This week? This month? Wealthy people buy/hold assets. Did you buy some Bitcoin recently? You can purchase Bitcoin 24 hours/day. The Bitcoin market NEVER closes! What is a good definition for the word courage? Answer: feeling afraid or feeling unsure and taking action anyway. Remind yourself, that success is rarely convenient. So be prepared to be inconvenienced as your achieve success. Stop expecting to arrive at a point in the future where you have zero stress. Instead work the problems each day that life throws at you. Find solutions and move forward. Make progress. Focus on progress, not perfection. If you can't afford a whole Bitcoin, then buy a "slice" of it. If you can't afford the cost of one share of Microsoft, or Amazon or Google or Tesla stock, then buy "slices" of one share. You can do this at Charles Schwab online. A great stock trading platform. Easy to use mobile app. Fantastic customer service. Growth stocks are good, but what is even better is buy true high yield dividend stocks/ETF's/closed end funds like OXLC. Pays a dividend yield of 23% per year! And it costs about $5 per share instead of $200 per share or $300 per share or more. Growths stocks like the ones mentioned are all "expensive" compared to high yield dividend stocks. Why is Bitcoin such a superior asset to invest in? Answer: because your purchasing power goes UP over time as you hold Bitcoin and Bitcoin reaches a new all time high price for just one Bitcoin. You are fortunate and lucky enough to live in a time where you can make money and become wealthy by literally pressing buttons on your phone! 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.

Send us a textSeason 2 Episode #39. Not Me, But You! Podcast. Options. Making the complex easily understandable. Anyone can learn to do this using their phone. It's like anything else, once you have taken the time to learn it/understand it, then it will seem easy. How to sell cash secured puts or covered calls to produce weekly/monthly cash flow. I do this on my phone using Robinhood. You can do this using your regular brokerage account. You will owe taxes on gains at the end of each year. Or you can do this inside of a regular IRA. And you can do this inside of a Roth IRA. If you produce cash flow inside of your Roth, then your gains are 100% tax free. The only two conditions required to withdraw money tax free from your Roth are: 1) be age 59 1/2 or older  2) have had the account open for at least 5 years. When selling option contracts, you are really selling time. If the stock price goes the opposite direction that you anticipate, then you buy back the position/contract and that closes it out. Or you can roll the position. By rolling the position you extend the contract out in time(forward in time). And you can also change the "strike price" (your future projection that the stock price will be). When you change the strike price when rolling, you can move the price up or down as you roll the contract out (forward) in the future. When rolling option contracts, try to get additional "premium" (the money you are paid immediately- the cash flow!). Each time you roll if you get a "credit" then you are making additional profit on that position. To sell a cash secured put, you have to have enough money in the account AS IF, you were going to buy 100 shares of the stock. Options are always dealing with a block of 100 shares of stock. If you don't buy back (close out your option contract) and if you don't roll the position forward, you can get "assigned" 100 shares of stock. This will happen if the actual stock price is below your strike price at the expiration date. If this happens, you can sell a different type of options contract on the 100 shares, that is called a covered call option. This also will pay you additional premium (cash flow). Using this strategy you can eventually get the 100 shares "called away" from you. When this happens you get paid for 100 shares at the strike price you selected, and then you have cash again. And then you can start the process again by selling another cash secured put. This process is the "options wheel." Selling one contract which involves 100 shares is known as "one contract." If you have enough cash available, you can sell MULTIPLE contracts at the same time.  Each contract REPRESENTS a block of 100 shares of stock. Take some of your profit and buy/hold high yield dividend stocks which will bring you even more cash flow! Rinse and repeat. Take some profit and buy/hold Bitcoin. Have courage today, to pick on 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.

Send us a textSeason 2 Episode #38. Not Me, But You! Podcast. If you want to become rich, then you have to take some risks. At some point, you have to do more than just simply taking note of things. Moving from "research mode" to "taking action mode" is necessary in order to become successful. Here is possible shocking fact: No person who ever bought/held Bitcoin for at least 4 years, EVER lost money!! How can this be true? Go look at a historical Bitcoin price chart/graph. Look at the PATTERN! In March of 2025, Bitcoin is probably only owned/held by 5% or LESS of the world's population. You can buy a "slice" of Bitcoin today simply by pressing some buttons on your smart phone! If you have been told that owning Bitcoin is a "bad thing" or if you are simply ignoring Bitcoin right now, then at what price will Bitcoin get your attention? $200,000 per coin? $500,000 per coin? $1,000,000 per coin? $5,000,000 per coin? You see, the longer we wait to buy ANY Bitcoin, as the price rises, it will become MORE expensive to buy. Why will the price of Bitcoin keep rising? Because it has a fixed supply. It is both digital money and a store of value. When people discover they can't afford to stay retired due costs rising, what they are fighting against is inflation- inflation causing their purchasing power of their money to go DOWN! If you trade your fiat currency for Bitcoin (buy Bitcoin no matter what country you live in) then the purchasing power of Bitcoin goes UP, over time. The price moves up/down within a 4 year period. But the overall trend is UP! Go look at graph/chart by searching "Bitcoin historical price." Even after people retire, I believe investing should continue. If most people just started doing 3 things, they would afford to retire and stay retired: 1) Buy/hold Bitcoin. 2) Invest in true high yield stocks/ETF's/closed end funds. 3) sell Options contracts for cash flow. In your brokerage account, I believe people should have these 3 types of accounts: 1) Regular brokerage account with margin. 2) Traditional IRA. 3) Roth IRAIf you are planning on retiring and simply "living off your pile of accumulated money" then you have to have a HUGE pile to make sure you will be able to offset rising costs caused by inflation. Most people don't have a BIG enough pile. So that is why having CASH FLOW is every week/month is a much better retirement strategy.  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.

Send us a textSeason 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.

Send us a textSeason 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.

Send us a textSeason 2, Episode #35. Not Me, But You! Podcast. Cash flow is king! You know what you can do with more cash every month? Answer: whatever you want! Learn to push buttons on your smart phone and make more money! Do what wealthy people do- buy/hold assets. Make every Friday a "pay day" for yourself! Buy/hold Bitcoin. Buy dividend paying stocks that are truly "high yield." If the true rate of inflation is 8% per year, that means the cost of everything you buy goes up by at least 8%/year. So when investing, why would you put money in an asset that pays you LESS than 8%/year?! Will one gallon of gasoline ever cost just $1/gallon again? Will one gallon of milk at your grocery store ever cost $1/gallon again? Answers: never will those things be that cost. That is due to inflation rising at least 8% ever year. One day, Big Mac's at McDonalds will cost $60 and $70 per sandwich. This is why we need to build cash flow! And then keep adding to it. Keep investing in assets that you are buying/holding. You already live and transact in a digital economy. Most people today, use either a debit card or a credit card (or even their phones linked to one of those two types of cards) to pay for things! You are using "digital money." So don't avoid SAVING your money in Bitcoin. No one who has bought and held Bitcoin for at least 4 years, lost ANY money! Every 4 year cycle, Bitcoin hits a new ALL TIME HIGH price. So what does that mean to you? It means that you will NOT lose money if you simply buy/hold Bitcoin for at least 4 years! So WHY are not buying any? Why are you skeptical? At what price will you begin to believe in Bitcoin as the BEST performing asset on the planet? I name specific "high yield" stocks/ETF's/closed end funds that you can invest in that will pay you monthly! Chances are good that you did NOT learn ANY of this information in school. But if you own a smart phone with a connection to the internet, then ALL of this information is available for you to learn. You simply need to take action. The three best types of stock accounts we all should have are: 1) regular brokerage account with access to margin.    2) a traditional IRA.    3) a Roth IRA. Some "experts" tell you to accumulate a big pile of money and then once you retire to WITHDRAW 5% of your total pile to live on each year. I do NOT like that approach. Instead, I build cash flow until I have more cash flow each month, so that I can pay my bills each month, with EXTRA money left over which I then continue to invest in assets! Have courage today, to pick one thing, and work on your dreams! Invest ruthlessly. Give Generously. 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.

Send us a textSeason 2 Episode #34. Not Me, But You! Podcast.  In this episode I list high yield assets that can pay you cash flow, weekly, monthly, and quarterly (every 3 months). The dividend yield of these assets range from 22% to 180%.  Do they involve some risk? Answer: YES! But if you are looking for the "perfect investment" that is 100% guaranteed and 100% risk free, then let me know when you find that investment! What am I trying to say about risk/investment? Answer: you have to be willing to accept some risk if you want to get amazing returns (dividend yields) like I talk about in this episode. Why is it extremely important to offset the true rate of inflation when investing? Answer: to preserve the purchasing power of your pile of money! It's not enough that you saved $100,000 and deposited the money into a bank account and left it there. Why? Because in 10 years, the purchasing power of that $100,000 has been more than cut in half 10 years from today! That means, because the cost of everything has increased over the 10 years, your $100,000 now only buys about half as much stuff! Do not save the majority of your wealth in your country's fiat currency. Instead save your wealth in Bitcoin which is the best performing asset on the planet! Better than any stock, ETF, closed end fund! Before you invest first figure out what your investment goal is. Are you investing for growth? Then invest in companies where you believe the share price will appreciate 10% to 12% per year. If you are investing for cash flow, then find inexpensive (low cost per share) stocks, ETF's, closed end funds to invest in that pay you dividend yields of 20% per year or more! Realize that your time is your most valuable asset. Don't waste your time and go back to watching videos on Tik Tock. Instead focus on how to learn where to invest. your money to make high yields on your money. Figure out way to increase your monthly cash flow. Get comfortable with accepting some risk and take action. 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.

Send us a textSeason 2 Episode #33. Not Me, But You! Podcast. Why does Bitcoin matter? Where does inflation come from? How do I invest to overcome the true rate of inflation? How as an investor, do I benefit from inflation in the overall economy? What is the minus 8% rule? What is better: Growth stocks vs. dividend stocks? Why new investors should avoid investing in: Apple, Microsoft, Google, Facebook, Amazon etc. We cover the answers to the questions above and talk about the best performing asset on the planet. We discuss growth stocks vs. dividend stocks. Bitcoin has a limited, fixed supply. That is one reason it is valuable. The price of Bitcoin, going forward, will continue to rise overall, as there are more buyers than sellers, more demand for it, and more adoption. As you prepare for retirement, it's important for your investments (pile of money) to grow at an interest rate that OUTPACES the true rate of inflation. By doing this, you will ensure that you have enough money, in the future, to afford the cost of everything you buy, as prices continue to rise with inflation in the future. Investing isn't just about having more dollars on your statement each year. You have to make sure that your pile of money is growing with the true rate of inflation, so that the PURCHASING POWER of your money is preserved in the future. Cash flow is probably the MOST important thing for you to build. Why? Because people who retire then discover that they can't afford retirement, are experiencing a lack of adequate cash flow. It's not enough to simply HAVE cash flow. You have to make sure you have ENOUGH cash flow both for now and for the future. Is Bitcoin price volatile? Yes, but don't let that prevent you from buying it. Invest in Bitcoin on a schedule. Dollar Cost Average buy into it, regardless of what the price is. If you do this over the next 5 to 10 years, you will be shocked in the amount that you can accumulate in 5 or 10 years. If Bitcoin, one day will cost $1,000,000 per coin, shouldn't you own at least a portion of one? Treat your dollars (fiat currency) like your employees. Manage your "employees." They have one job. To make you more money! 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.

Send us a textSeason 2, Episode #32 Not Me, But You! Podcast. We buy/hold assets so we can get the benefit of inflation. True inflation rate runs between 8% and 10% per year, depending on what country you live in and what is happening in the local and world economy. So when you look at the interest rate you earned on your investments, over the past 12 months, it's the interest rate you earned, MINUS 8%, to account for the decline in purchasing power of your pile of money! Most people who retire often UNDERestimate how much prices/costs will rise year after year. So, we all need cash monthly cash flow to pay our bills. Key question: What causes inflation? What is the minimum interest rate your should earn on your investments, so that you can keep pace with and/or outpace the true rate of inflation? Buy "slices" of Bitcoin, growth stocks. You don't have to have enough money to buy one complete share of stock if the the stock you want to buy is in the S/P 500. Go to Charles Schwab dot com, and open a brokerage account. I also suggest opening a traditional IRA account AND a Roth IRA at Charles Schwab. You need ALL THREE types of accounts. I believe that building your monthly cash flow (through buying additional shares of high yield dividend stocks) is MORE important than investing in growth stocks. But it also depends on What is your investment goal?(growth vs. cash flow) and it depends on what your financial situation is. Most people starting out with little/no investments would do better by FIRST investing in high yield dividend stocks that create WEEKLY/MONTHLY/Quarterly cash flow. Then use the cash flowing to you, to buy additional shares of dividend stocks and you can also buy slices of Bitcon/Growth stocks. Remember the rule: "Minus 8%" We can also move assets from our traditional IRA to our Roth IRA easily. This is called a "Roth conversion." But there are taxes that you will owe. It IS a taxable event when you convert (move) assets from your traditional IRA into your Roth IRA. But you only pay this tax ONCE. After the assets are in your Roth, you no longer will owe ANY (as in ZERO TAX) tax on those assets OR the GAINS/Profit you make on those assets that are not in your Roth IRA. There are two conditions in order to withdraw money from your Roth IRA and pay ZERO tax: 1) be age 59 1/2 or older. 2) Have had the Roth IRA open for at least 5 years. How do you make money and TAKE Profit from a growth stock? Answer: by price per share increasing (higher than what you paid for that share) AND you have to actually SELL some shares in order to TAKE your profit. How many shares do I have to sell of a dividend stock in order to get profit? Answer: ZERO. Just collect/track  the dividend money on a schedule, 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.

Send us a textSeason 2 Episode #31 Not Me, But You! Podcast The secret to financial success? Refuse to give up. Take action consistently. You can get rich SLOWLY! Don't underestimate how investing a small amount of money, consistently, can lead to you having a huge pile of money! But you need to get started! Take the first step, even if you are fearful, even if you are unsure. It's OK to make mistakes. Learn from them What do wealthy people do? They buy/hold assets. What are assets? They are real estate, stocks, crypto, precious metals etc. Our approach to success is simple. Have courage today, pick one thing, work on your dreams. Do that every day and you WILL become successful. Think about your money like your money is your employees. You have to manage your "employees" (in my country, dollars -USD) in order to get them to perform best. Put your "employees" (fiat money) in situations where IT can perform best for you! Buy/hold assets. Only buy high yield dividend stocks when you are starting out. Dividend stocks pay you cash flow. You can use the cash to do other things with. Cash flowing toward you gives you options. Don't expect to one day have success and zero problems. The path to wealth if full of problems/obstacles. Our job is find creative solutions to overcome problems and achieve success. When buying dividend stocks pay less attention to increases/decreases in the share price. Focus on what the dividend yield is and focus on the dividend history. If the price per share falls, and it's still paying you dividends consistently, then BUY MORE! Prices will continue to rise in the future. So find investments that pay an ROI that outpaces the true rate of inflation (8% per year). So find investments that pay you MORE than 8% per year. Knowledge is POTENTIAL power. The knowledge only benefits you if you choose to take action. We have to ACT upon the knowledge that we gain in order for the knowledge to benefit us. 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.