STR165: The Financial Freedom Account. Do You Have One? (Part 1)

Published: May 14, 2018, 3:45 p.m.

We have ourselves a two part episode and as a fair warning, if you are someone who loves excuses and/or carries around a pocket full of victim cards, you will NOT enjoy this discussion. In fact, as I type this up and reflect back on the lawn mower, the tornado, and many other things, I can feel my adrenaline beginning to flow in a “let’s go!” type of way, this interview genuinely got me fired up in a good way. Chezz and I had no intentions of a two part episode, but as we talked with community member Brian, things were too good to just not keep on talking. I don’t want to spoil anything other than offer up that fair warning. If you are still reading this, I’d assume you are ready to get some cold hard truth about “making it happen”.. so let’s do this!

Notes:

  • Today we interview community member Brian. His introduction to the market was a stock market competition in grade school which he also beat everyone out of the entire state.
  • With careful budgeting, Brian and his wife have set up a separate account that they call the ‘financial freedom account.’ It is strictly to be used for ventures that can expand their income.
  • Since Brian is a teacher, he has the summers off. Instead of sitting around and doing nothing Brian went and bought a trailer, a good lawnmower and made money all summer before he joined the program here.
  • A tornado unfortunately destroyed Brian’s house which led to a delay in his training but the good news is that everyone was okay. To help get back on track, both Brian and his wife got second jobs.

Quotes:

  • When I was in middle school I participated in a stock market competition… and I won it.
  • I set up dummy email accounts and emailed you to see if you guys were consistent in your answers. I’m paranoid about scams.
  • I’m probably doing too much too fast. I go to school, teach, then come home and watch the courses for hours.
  • I have a whiteboard in my office that has paper trades I make. I was paper trading swing trading because my plan is to swing trade.
  • Because I’m starting with a small account, if I have fake success papertrading and go live and lose it all then I have to start all over.