Not Me, But You! podcast

July 4th 2025 (Pause, Rest, Reflect, Rejuvenate, Celebrate, Then Resume Buying/Holding Assets)

0:00
23:02
Spola tillbaka 15 sekunder
Spola framåt 15 sekunder

Send us a text

Season 2, Episode #59.  Happy July 4th 2025. I pause today and reflect on how fortunate I am to have the people around me who love me. I also celebrate the country in which I live because of the opportunities that exist. Remind yourself: poor people buy things, wealth people buy/hold assets. 

Whether we all realize and acknowlede this or not, we are all working to get to a point where we have enough cash flow every month so that we no longer need to work. That is called retirement. And retirment is increasingly becoming an elusive thing due to inflation and the increasing cost of basic things in life that we all need. 

As much as I believe in buying/holding assets, I do NOT aspire to be a work-a-holic. There would be no joy to living for me, if that were the case. And I don't spend much time fretting/worrying over things in life because I have learned that doing that, for me, is a waste of my valuable time. Instead I prefer to focus on managing stressful situations and finding solutions as soon as possible, instead of just worrying about them. 

Opportunities, in life, are like trains running down a track. Sometimes just waiting and being patient is the best strategy. If you feel like you have missed an opportuny that has "left the station" where you are standing: then just wait for the next train to come. But while you wait, work on accumulating MORE assets. 

Or know that you have choices in life. You can "go to a different train station" and then wait for the next opportunity train to come down the track. If you keep looking and remain vigilant, a new opportunity WILL come your way. I promise you this is true. So don't be afraid to CHANGE your location. 

I don't know if you live in the USA where I live, or some other country on the globe. But I hope that you had some time this weekend to rest and rejuventate and to be thankful for the good things in your life. And know that if you do not lose hope, keep accumulating assets, one day you will reach a point where even you will be surprised at HOW MUCH money you have accumualted. That is the idea. That is the end goal. And when you have enough cash flow every month to pay ALL of your bills, then, you have the choice to retire or not. 

There will always be obstacles in life that stand between you and your goals. There will always be unfair situations. Find ways to move past those obstacles and unfair situations. Success awaits for you on the other side of those obstacles/situations. 

I review some MSTY ETF scenarios. Real life examples of exactly how much money you can be paid in dividends EACH month. The "Magnificent 7" stocks are all great companies(Apple, Google, Amazon, Nvidia etc.)  But the cost for just one share of stock( $200 to $500 per share)  is very expensive when compared to the cost of one share of MSTY (about $21 per share). Pay attention to the rate of return you earn on your money. It's very, very important. And know your investment goal: growth or cash flow? 

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.

Fler avsnitt från "Not Me, But You!"