EP 105: Creating an Optimal Game Plan for Your Financial Freedom Level

But there are different ways you can optimize your goals in order for them to be accomplished sooner. 

How?

Let's dive into the episode.

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There are many reasons people get involved in the stock market. 

1. "I heard about it"

One person may just want to get involved, they heard their friends started to trade or even the whole "Gamestop" situation from Reddit. 

2. "I want to make some extra money"

Others may just want to earn enough money to pay off a few bills a month with some extra cash. 

3. "I want to get out of debt"

Others still want to get out of debt with maybe bigger pay offs. 

4. "I want to quit my job and trade for a living" or "I need more money for retirement" 

Others don't even want to work their 9-5 and they are interested in having the stock market replace their job. 

5. "I want financial freedom and generational wealth"

Now let's talk more about each situation in more detail to see what problems may arise, and how each person can actually optimize to reach their goals sooner. 

Let's break it down:

The barrier to entry and getting started is super low.

It's free to open an account and there's hardly any commission anymore. 

You can literally just deposit $100 and get in right here, right now. 

Zero education, technical analysis, nothing... just getting involved.

I can appreciate just wanting to get started and when they know who they are:

They don't want 2 monitors, they just want to say they own some type of stock.

At this level, you need to at least have a game plan if not some skill to be able to make some additional money. 

They say they want to gain additional money but don't necessarily know how much. 

That creates a problem. 

They don't know how much to make so they don't know how many trades to make or the percentage to make per trade, or even how much you need in your account to realistically make that much. 

This is where you need to start developing your game plan. 

For example, this game plan can be: I want an extra $100 per month, so I will take this $1,000 and make 10% and then close out their trade. 

If you don't have a game plan, you start to see a person wavering and losing money instead of making money. 

This is ambitious because you also need to change circumstances that caused you to be in debt in the first place. 

A lot of time it's due to poor spending habits. 

Not only do you need a game plan but you also need to change these habits with discipline. 

The market can help you get out of debt, but at this level you need a plan, a strategy, skill in trading, and discipline. 

Now you also need to switch your thinking to adding money to trading and investing, instead of solely using it to pay off the debt bill. 

This takes commitment. 

Now you need a plan to generate the equal amount that your job currently makes you. 

It means you are solely responsible for your income and taking care of your family. 

You now move from certainty of your paycheck to uncertainty to the stock market - because the stock market doesn't care that your bills are due on the first. 

Typically you need to be out of debt and not have any loans out in order to do this. 

This means you have mastered knowing how to trade. 

It also means that you know exactly how much you need to make, how many trades you need to take to get there, and the types of consistent returns you need to take as well. 

And that you have executed this plan for months, before you can even quit.

You also need to understand that even with putting in the work, you can lose money. 

Most people even though they hate their job can still be guaranteed money. 

What about investing for your retirement? 

This is a level where you need skill, but it's the long game so the plan doesn't need to be as short sighted.

It's the long game. 

They know they want to buy and hold, and have the skill to execute this. 

However there is a problem when someone comes into this group and tries to day trade and act like a trader instead of a long term investor.

This is now the game that will out-last you. 

How does that effect your decisions today?

It means small losses do not knock you out. 

This also means you have pretty much accomplished all 4 other standpoints above. 

It means you are out of debt and have the skill in the stock market to create consistent wealth. 

It also means you have the knowledge to pass it down to others. 

You are committing your life to finances and exposing your kids and generations to come. 

Which number and scenario above best describes you?

Better yet, what SKILLS and qualities do you need to develop in order to accomplish your goals?

If you need some tools to get started, check out the links below:

Free stocks by opening your first trading account: www.TheBrownReport.com/Tools

Free course to help you iron out your goals and get the first steps to accomplishing them: www.PowerTradesUniversity.com/Join