Send us a text Season 2, Episode #97 Not Me But You! Podcast. Connect/follow me on X at: Waypa Today. Poor people are focussed on buying things. Wealthy people buy/hold assets. Some of those assets pay them dividends (cash flow). Do you understand the TRUE rate of inflation and how the purchasing power of your money "melts" away over time. So that is why it's crucially important to earn at least 14% per year on your money (your investments). We use a ROTATION method when are dividends are paid to us. We take 1/2/ of the dividend money and buy FREE shares of the asset that paid us the dividend. We take the other 1/2 and put it into LESS risky investments and/or use it to pay down debt. Too often we invest with emotion that can prevent us from making good decisions. Tesla may be ONE of the best GROWTH stocks to invest in today, with a 5 to 6 year time frame. Some people estimate that ONE share of Tesla will be $9,000 to $12,000 per share just 6 years from now! 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.
