The week ahead. Is this bank meltdown a one off incident or a glimpse of things to come?
We still have to look at all the positive opportunities ahead.
been pretty bleak news wise, especially related to the Silicone Valley Bank collapse. But we are here to find the good in every situation and find those nuggets of opportunity and upside. IWhat I am most excited about this week:
👋Hello Everyone. I realize the past couple weeks have appreciate you joining the Money Mindset and I am here to help and hopefully add some perspective to keep everyones spirits high during even the toughest market conditions. Keep in mind that despite all the ups and downs, over the last 30 years, the S&P 500 has still had an average return of around 7.5%. So remember, this too shall pass.
📣This past 2 weeks have been a whirlwind of growth and learning for me while also enjoying the amazing live sessions I have had on TIKTOK with all of you. So many of you have shown such great support and engagement I have been going live more frequently so I can really engage with all of you and do my best to bring a ton of value. As we build out this community I am excited to provide more FREE content and digital goods to all of you. I am connecting with so many great thought leaders in all categories of finance, business and mindset and through that will be some great GIVEAWAYS for all of you.
One of the projects I am really excited about is a social media agency we are creating for brands looking to have a great TikTok strategy. The key takeaway is we plan to charge companies $0000000 dollars and make it all performance based. As a brand owner myself I am so tired of the bullshit agencies that want $10k-20K per month to handle social media yet are not bound by any performance metrics. I think it would be transformative for larger brands that want to have a presence on TikTok to be able to have a real strategy but only pay for it based on the performance.
Another thing I am working on and hopefully you guys feel its a great idea. Is bringing on experts in the various fields we discuss on the LIVES. We can then cover all topics throughout my lives and try to really focus in the on the FAQs. Let me know your thoughts. I feel it will help really flush out the major pain points and questions in a deeper fashion.
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🎙️ I am also really excited about how quickly the podcast has grown. So thank all of you that have downloaded and given it a listen. For those of you that have not stopped by it is the Rich Habits podcast on Spotify and Apple. And please feel free to DM me or message on any platforms and let me know your thoughts and takeaways. Also big news for this week - I am launching the private livestream. So for the paid subscribers let me know if Tuesday or Thursday is better. The time will be 7pm EST.
💸 This is for all of you. Any of you getting started in your entrepreneurial journey and unsure who to trust? In my opinion it’s best to seek out real mentors and accounts with track records that you can trust. But also, like with my content, take notes, follow along and do your own research. I promise you investing and building businesses does not need to be scary or daunting. PLEASE PLEASE just dont fall for the fake guru bullshit that is everywhere. As a member of this community and a follower of mine, reach out at any time if you have a question about a side hustle, business concept or investment opportunity. I will make sure that myself, or someone on my team reviews this with you to ensure you do not get ripped off.
🚨Are you overwhelmed by the NEWS cycle right now and scared to death of what to do next? I know it might seem overwhelming but remember we have been down this road many times before and it will subside and things will get better. Remember the famous John D. Rockerfeller quote “The Way to make Money is to Buy when Blood is Running in the Streets”. And what this means for you and me is - That in times like this when everyone is running scared the rich are gobbling up opportunities. So that is what we are going to do. Find the opportunities in beaten down stocks, cryptos, real estate and take action.
🤔What is real? The topic of the week and one that is really bugging me is IUL (Indexed Universal Life) Policies. I know all of you are seeing more and more of the charlatans pushing these programs on IG and TT and its really pissing me off. I assure you NO WEALTHY people use this programs or fall for this and the hocus focus math they use to sell to those less informed. Look under the hood of any IUL policy and you will see huge (commission) expense charges throughout the first 10 years to pay the agent and the insurance company. They will also claim you cant lose but they cap your upside potential. And Oh Boy they claim tax free income - and that is a lie. In this strategy it is basically a loan. You can take out what you put in tax free but everything else is a lion and taxable. SO PEOPLE be careful of this one. I have watching the comments on some of these posts on IG and TT and everyone is taking the bait hook line and sinker.
Weekly Book Excerpt (Think and Grow Rich - Napoleon Hill)
“‘Every adversity brings with it the seed of an equivalent advantage” Love this quote and feel it is very fitting with the times and all the recent financial news. We have to take a moment to consider that in times of strife always come great opportunities and I don’t think it is any different right now. The rich will get richer and the divide will become greater for those that do not put in the work and take action in times like this.
Money Mindset - Weekly insights
Getting wealthy starts with one simple but very important mindset shift. And that is - When you get money you have to think how can I invest it, not how can spend it. A large portion of our society has yet to figure out this very important step and I am here to help.
I am not saying stop enjoying yourself, but this change has to happen in order to get yourself on the journey to financial freedom.
More to come and thanks for joining!