Warren Buffett: If You Don't Find Ways To Make Money In Your Sleep, You Will Work Until The Day You Die!

Not Me, But You!

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Season 2, Episode #51 Not Me, But You! Podcast. Highlighting Warren Buffet's quote: If you don't find a way to make money while you sleep, you will work until the day you die! What does "making money in your sleep" look like?

1) Buy/hold Bitcoin. 2) Invest in TRUE high yield ETF's/dividend stocks/closed end funds. 3) Sell simple option contracts: cash secured puts and covered calls (options wheel strategy). Why do these 3 things?? Two of the three will bring you CASH FLOW monthly. Most people, in life, who have "money problems" have a "cash flow problem."

Increase your cash flow, watch your weekly/monthly budget and save "in Bitcoin" and invest. Create your own "stream of income." You can sell items online. Both physical products and digital products. You can sell memberships. There are SEVERAL ways for you to make money "with your internet connection."

The "petro dollar" is in decline. What will eventually replace it? Probably Bitcoin which is the most fair money on the planet. Due to it's fixed supply, the value of it cannot be diluted by "money printing." Things may be priced in Bitcoin one day in our lifetimes.

Many investors are waiting for the Fed Reserve to begin cutting interest rates this year in 2025. When this happens, the stock market and Bitcoin usually start to go up!

What can you do with cash flow? Answer: Anything you want! That's why focussing on building cash flow is a fast track to becoming extremely wealthy. Have a brokerage account like at a platform like Charles Schwab. Have 3 types of accounts: regular brokerage with access to margin, traditional IRA, and Roth IRA.

After you reach age 59 1/2 AND you have had your Roth IRA open for at least 5 years... you can withdraw ALL of the money and pay ZERO TAX! Buy MSTY inside your Roth. Buy MSTY inside your traditional IRA. Buy MSTY inside of your regular brokerage account. This is NOT Home Depot. This is NOT Microsoft. So stop expecting it to be LIKE those stocks. This ETF is for ONE reason...to give you monthly cash flow. Then take the dividend money and do something else with it! Make your life better!

Wealthy people buy/hold assets and by doing that they can BENEFIT from inflation. Make it your goal to first invest $21,000 into MSTY. Get 875 shares. Then make your next goal to get $100,000 invested into MSTY. Get 4,166 shares. MSTY pays an ANNUAL dividend of $28 to $30 PER SHARE! Do simple math on your calculator on your phone and figure out how much money you can make IN DIVIDENDS every month. You can make a "Full Time" income with MSTY. Will it last forever? Probably not but use it NOW to help make yourself wealthy!

Learn to simply push buttons your phone and become rich. 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.