EP 100: Celebrating 100 Podcast Episodes!

In this episode, we are celebrating! I can't believe we have our 100th episode.

We will be taking a journey back to some of our favorite episodes and walk through the thought process behind them.

Come join me behind the scenes of recording these 100 episodes and celebrate with me! 

You can also listen on Spotify, ApplePodcasts and Stitcher

These episodes we are going to remember either 1. we received high volume of response from or 2. we really enjoyed making them or 3. both!

You may have missed some of them.... we are going to go deep into the archives so be sure to check out the full podcast when you can.

We have gotten so much response and feedback to this episode.

In it, I broke down how throughout different stages in my life that certain people counted me out. They talked negative to me or about me and my ability.

I knew that when I failed at certain things it was an opportunity to learn how to do it better...

But people around you don't always see it that way. 

It started with my teacher when I was little, because I learned differently. 

I don't do well with sitting still and I talk a lot, and that was true back then in school too. 

They took it as a negative but today its a positive - it helps me do my job. I am able to make videos and research stocks.

What was a negative became a positive in my life. 

We are programmed to follow the system and be put in a box.

I didn't realize that until I became successful in a different way, by investing and being an entrepreneur. 

This is good to reflect on ourselves, we need to be more encouraging and supportive of those who are trying to think outside of the box. 

To become a successful trader, you have to say no to certain things. 

One of those is fear.

FEAR can stand for False Evidence Appearing Real.

What we fear is something that may be something that has not happened or may never happen.

Many people don't start investing because of fear. 

"If you lost all of your money right now, what would you do the next day?

What I would do is go get a job. If you already have a job, you will go to work tomorrow. Which is what you would have done anyways! This means that you are already living failure. As long as you are not risking your mortgage or car note or anything that would put your family at risk (which you shouldn’t be if you are saying no to the material things), you are risking excess money – you are already in failure. You will get your paycheck in two weeks and life will go on as normal."

So it shows that fear isn't real and you need to say no to it. 

The biggest difference from where you are now and where you want to be is how you think.

If you want to be an investor, then you need to think like an investor.

This episode helps you ask questions to help you understand how you currently think: like a consumer or an investor.

Consumers ask: “Can I afford to invest?”

Typically this question comes from a place of fear. They want to know what happens if it doesn’t work out, or if they lose their money. The are concerned about holding onto the little that they have. 

“[Broke] people fight so hard to hold onto so little” – Greg Prevezano, ACN

If an opportunity costs $500, they think “This is all I have, I am not going to spend it on this.”

Investors say: “I can’t afford NOT to invest”

They figure if this doesn’t work, they will continue to keep doing what they are doing. They are already living failure, and they will just keep going to work. 

An investor mindset will look at that same opportunity and say “Yes, it is 500 bucks but it could put me into a position where this isn’t all I have.”

Most people want to investor or a trader but don't stop and think about learning the skills it takes to become successful.

Most subjects you need to learn about in order to be successful in them. It's the same in the stock market.

"Understand probability and statistics

This one is my favorite.  This is where you go from a gambling stock picker to confident stock trader.

Let’s look at the definition of probability – it is a strong likelihood or possibility that an event will occur.

Now let’s look at the definition of statistics – it is the science that deals with the collection, classification, analysis and interpretation of numerical facts and data by use of mathematical theories of probabilities.  Statistics are especially useful in drawing general conclusions about a set of data from a sample of the data.

When you put probability and statistics together in the stock market, then what we do everyday is go out in the marketplace and look for trades that have a probability (likelihood) of doing what we expect it to do in a given time frame, given some sample data – which is normally price action and data derived from candlestick charts."

Part of the industry is learning. And unfortunately part of it is taking some losses, too. 

You can do everything right and still lose but do you go in with the skills so you know how to lose small and not take it personally?

Limiting beliefs can show up as excuses. 

They can seem valid from keeping you from moving forward from investing or trading or pursuing your goals. 

Not everything in life is going to go perfectly. 

In reading some of the comments for people’s limiting beliefs in the challenge, a lot of people spoke to the fact that it never is the right time.

“I’ll learn about the stock market when my kids are in college” or “I will start learning when I have enough money” 

Even me: “I can’t pull off this Stock Market Challenge until we have a baby sitter”

It’s not until you draw a line in the sand and say:

It might not be perfect, it might be a little fussy, it might not be exactly how I wanted it to look, BUT THIS IS HAPPENING no matter what! 

That is what I had to do. I needed to realize that I am a work-from-home dad and we lost our nanny. But no matter what, this Stock Market Challenge was happening. 

Your mindset will shift once you make a decision to move forward no matter what. 

The difference between those who are successful and those who are not is:

Successful people face the fear and do it anyway. 

They know it won’t be pretty, maybe it won’t come out the way they wanted to, but they move forward anyway. 

In the Challenge, we asked people to comment and share their limiting beliefs. I will keep their names anonymous, but I want you to ask yourself: 

“Is this me? Do I believe this? Am I going to move forward anyway?”

In this episode, I broke down the difference between wealth and generational wealth and how that tweak can change your mindset toward your financial goals.

"Long after I am gone (and as long as YouTube and iTunes still exist) people will still be able to go on the internet and get generational wealth in the form of resources that I have left behind and learn how to make their money work for them in the stock market. Then they can turn that into financial or material gain. 

Money is not necessarily the most important thing to leave behind...

But what if you left the BLUEPRINT behind on how to make money?

Let me give you an example. 

Think about the family that came from Cocoa Cola. 

Do you think that they are important because they have money and factories? Or the fact that they have a trademarked recipe that only the family knows what it is to create a one of a kind product? "

The point is getting involved in something that can be passed down to your family and further generations. 

If we didn't mention your favorite episode, reply in the comments below which one was your favorite. 

And if you haven't already, please leave us a review. 

You can do so on these platforms: Spotify, ApplePodcasts and Stitcher