April 14, 2024

Involving Families in the Investment Journey

Involving Families in the Investment Journey
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In the latest episode of 'No Prep Needed Adrienne Barker Speaks,' host Adrienne Barker sat down with financial educator Chasity Sandidge to discuss stock market trading, simplifying complex concepts for beginners, and providing personalized trading strategies. Chasity's approach focuses on understanding individual lifestyles to tailor strategies that align with financial goals.

Here are three key takeaways from the episode:

1. Personalized Strategies: Chasity stresses the importance of understanding clients' lifestyles and goals to create personalized trading strategies. She emphasizes aligning trading practices with individual circumstances, guiding clients toward the most suitable approach.

2. Gradual Bitcoin Accumulation: Chasity suggests a gradual accumulation approach rather than immediate mining due to high energy consumption when discussing Bitcoin mining. She advises purchasing small amounts of Bitcoin through platforms like Coinbase, highlighting the significance of informed investment decisions.

3. Focus on Established Companies: Chasity recommends investing in established companies rather than penny stocks for more reliable returns. By choosing companies with a track record of success and a clear focus on value creation for investors, she advocates for a strategic and informed investment approach.

A standout quote from the episode by Chasity Sandidge resonates with her approach to simplifying stock market concepts: "I correlate that to that. And I put it on a twelve-year-old level. So, if my daughter can't understand it, an adult will not understand it. And that's how simple I make it."

Chasity's dedication to making stock market trading accessible and understandable is evident throughout the episode. By breaking down complex topics and relating them to everyday experiences, she empowers beginners to navigate the trading world confidently.

If you're interested in pursuing stock market trading but feel overwhelmed by its complexities, Chasity Sandidge's insightful guidance and personalized approach could unlock your trading potential tune into the full episode for more valuable insights and tips on navigating the world of financial markets.

WEBVTT

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Hello, everyone. Okay, I think this is one, two,

00:00:03.730 --> 00:00:07.049
three, four, our fourth today. And I'm live with

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Chasity. Chasity, do I know you? No, we're just

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meeting for the first time. Yeah, that's right.

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You don't know me. And you're brave, bold, and

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beautiful. I mean, who does that? Who says yes

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to a live without even knowing the host? Did

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you Google me? I did not. Oh, so you didn't do

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any prep either. So neither of us did any prep?

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Nope. You can't even have a colonoscopy. You

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have to prep for that. All right, I want to hear,

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who are you? What's behind you? I love it. OK,

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so I want to hear. Tell us. Share, share, share,

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share. Chasity, I found you in the speakers group.

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And I was just like, let me try it out. I am

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not a pro at being in front of the camera, so

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everybody bear with me. This is me breaking those

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limits to be able to talk and get in front of

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other. People and this is like my second one.

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So I'm working on it I'm the CEO and I run KBB

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consoles and I teach people one -on -one how

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to trade the stock market Whoa Okay, I don't

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even have questions because I don't understand

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the stock market and I think I have so actually

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I do have a question for you. So this okay So

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first of all, let me just say you look beautiful.

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I love your voice. You could do a voiceover.

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You have a wonderful voice, Chasity. I'm going

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to admit this live. I think I have a math, what

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do you call it? Like a development issue with

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math. I'm not good with math. No, it's really,

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so my father would try here and there to say,

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okay, here's a stock market. I want you to learn

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it, but it doesn't absorb with me. So how do

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you work with someone like myself that doesn't

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have that side of the brain working correctly?

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break things down and make it relate to something

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that you're familiar with whether you like gardening

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whether you like shopping whatever it is you

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like I correlate that to that and I put it on

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a 12 year old level so I figure if my daughter

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can't understand it an adult will not understand

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it and that's how simple I make it my youngest

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student has been 12 my oldest has been 65 so

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You put yourself in that bracket of understanding.

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There's no limitations, not too soon and not

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too late. As long as you can read, I can help

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you. Oh my gosh. And what makes you love the

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stock market so much? And when did you start?

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Oh, I think we cut out for just a second. What

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is that? When did you love the stock market?

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Like first of all, are you a numbers person?

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Do you like math too? And then when did it start

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with you? I am a numbers person. I started out

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totally not here. This became about in doing

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COVID. I was looking for something else and I

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wanted to invest in myself, make some more money.

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And I was the question to myself was, what can

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I do to make money where I don't need a product?

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I don't need clients. I could do it from home

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and this this stuck out to me I can trade even

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though I teach I can trade from from anywhere

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Doing anything and make money pretty much out

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of thin air. I don't need people So that was

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that was the the light bulb for me. So I was

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just I was already working nine to five. That

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was still going good. But I was just like, I'm

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going to take this extra stillness money and

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put it to work. And that's what I did. I invested

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in learning some courses, meeting some people.

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I love the numbers game. And I just put my head

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down and really learned it. And once I started

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making money, I decided, well, let me tell some

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more people. I told my best friend. I taught

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her a little bit and she was at the gate. to

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$2 ,000, I was like, OK, I think I might know

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how to do this pretty good. That's what led me

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here. It was just trying to learn something new

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that I saw on social media. And so do you teach

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groups or one -on -one? What does that look like?

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It's groups. I prefer, and I think people learn

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better one -on -one. Groups are by choice. If

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I do a group session, it's over a larger topic

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where people don't have pressure, but I think

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people learn better one -on -one, and that's

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how I learned from my main mentor, which is one

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-on -one. It allows people to be more comfortable.

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It allows them to say, I don't know, I don't

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get it, and we can stay on certain topics without

00:04:09.560 --> 00:04:14.500
feeling rushed. Wow, I'm interested in this because

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I'm not sure if I would get it. So I want the

00:04:16.620 --> 00:04:20.319
challenge to learn. Where are you located? I'm

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located in Texas, a little city outside of Houston

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called Conroe. Oh, nice, nice. I drove through

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Texas. It was amazing. All the little towns,

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the ghost towns. Wow. Okay. So let's share your

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website, how people work with you, kind of the

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same, like the typical things, but we want to

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know that it's really important. And so if someone

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has my brain, we're not really great with math

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and have a hard time understanding the stock

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market. Chastity is for you. So tell us Chastity.

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I have a link. I can drop it in the group or

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after this call. It's a little hard to read,

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but it's kbdbconsults .com. But you can book

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a discovery call. My discovery calls are $7 for

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the. Cost of a cup of coffee, you can find out

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if this is right for you. I go through and talk

00:05:07.420 --> 00:05:09.399
to you. I don't let anybody buy my course or

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speak with me and let me trade with them until

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I know that your lifestyle is really set up for

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this. If you work a nine to five and you're on,

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you know, you can't use your phone or don't have

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internet, this might not be for you immediately

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for day trading. But there's something else you

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could do called swing trading. So I evaluate

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your lifestyle and see which strategy is going

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to work best for you. And even if it's not, you're

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just like, OK, you haven't lost anything. But

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you didn't invest $500 to $1 ,000 or something

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that's not going to work for you. I like to get

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to know you. Let's know your lifestyle. Let's

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know what your goals are. If your goal is, hey,

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I need an extra $100 a month or a day, this is

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something we can do. And we can scale out and

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make it individualized. Have you gotten in the

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Bitcoin mining craze? Yeah, I have people inside

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of my group that are way more advanced than me.

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So they let me know I usually dollar cost average.

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So I buy a dollar worth of Bitcoin each day.

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Let that accumulate. I'm not a minor yet, but

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I do have a friend that sells miners. So that's

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my next investment is to set up a solar system

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or generator where I can mine Bitcoin and it

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not affect my utility bill. I don't even know

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how to let me I'm so confused when you mine bitcoin,

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it takes a lot of electricity So instead of me

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running it in my home running up my utility bill

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I can use it on a generator or a solar power

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source where the sun will supply the energy and

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it won't cost me more money Okay, all right,

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so if I go into chat GPT and I say explain bitcoin

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no do i call what would i say explain mining

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to me like i'm a three -year -old i don't even

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like why would it take energy okay for my computer

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yeah so a bitcoin mining machine it's a computer

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set up with other machines and the computer mines

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it for you but it takes a lot of energy to do

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that so you're plugging the computer into a power

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source and those miners are running so there's

00:07:10.069 --> 00:07:13.600
like three or four miners that run like little

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machines. So you know those, the fan on your

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computer? So on your computer, that part. Your

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processors. Yeah. What am I mining? What would

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I even be? So when you do Bitcoin mining, the

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computer is completing calculated equations.

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They're mining the coin for you. That's pretty

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extreme. I'm not the expert on it So I don't

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I won't go into too much detail stock market

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is my my thing, but mining I would say if you

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just want to get into Bitcoin Just start, you

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know buying a little bit at a time. You can buy

00:07:46.430 --> 00:07:48.329
it in your cash app You can go on a different

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Different sites coin base and you can mine it

00:07:51.750 --> 00:07:54.709
there and then store it in your wallet So I would

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say, you know to start there don't go jumping

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into mining just start now just accumulating

00:07:58.910 --> 00:08:01.420
some Bitcoin All right. So here's the big question

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for Chasity that everyone wants to know. Ready?

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Yes. You wake up in the morning. What do you

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do first? First thing I do. Do you check in the

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stock market? Yes. Naturally. Do you brush your

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teeth first? Do you check and brush your teeth?

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What comes first? Stock market or brushing your

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teeth? I'll be honest, the first thing I do is

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go wake my daughter up for school. So she has

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about an hour to get ready for school before

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she gets on the bus. So my first thing, my alarm

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goes off. I go wake her up. I lay back down for

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another hour. I take her to the bus and then

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I lay back for another hour and then the market

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opens. So I'm kind of have a split sleep method.

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Once the stock market opens, I have a private

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group for my beginner students. So they're kind

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of in a nesting state. and while so I'm in there

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talking to them looking at the market beforehand

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giving them some updates on what's happening

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and then I look at the market you don't have

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to be in the stock market all day to make money

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there's about two or three times first in the

00:08:55.490 --> 00:08:58.190
morning between like 8 30 central so about 10

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o 'clock and you can make easily 30 40 percent

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return then go about the rest of your day that's

00:09:04.450 --> 00:09:07.269
crazy I can't even I can't even picture um okay

00:09:07.269 --> 00:09:10.450
so what if I said to you I just want to do the

00:09:10.450 --> 00:09:13.200
penny stock Is that something still existing?

00:09:13.559 --> 00:09:15.940
You told me you just wanted to do penny stock.

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I say you got a better chance investing in something

00:09:19.480 --> 00:09:23.100
else. Slow return because it is a penny stock.

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I like investing in companies that are already

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established where I know I'm going to get money,

00:09:27.539 --> 00:09:30.179
not just on the whim of a possibility. So that's

00:09:30.179 --> 00:09:33.240
why when you trade options, you know these companies

00:09:33.240 --> 00:09:36.080
are their only goal is to return value to their

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investors. So Walmart. Big corporate Tesla that's

00:09:39.980 --> 00:09:42.860
their goal is to make the stock go higher and

00:09:42.860 --> 00:09:45.639
control that so we're just trading off of that

00:09:45.639 --> 00:09:48.539
information Okay, that really does make a lot

00:09:48.539 --> 00:09:51.100
of sense. So thank you. Like I can't you know,

00:09:51.100 --> 00:09:55.580
i'm being so um Transparent that I I really never

00:09:55.580 --> 00:09:57.379
really understood it never could wrap my head

00:09:57.379 --> 00:10:00.399
around it But I I feel like it's 61. I it's probably

00:10:00.399 --> 00:10:03.059
time right to like even understand and especially

00:10:03.059 --> 00:10:05.429
if I was talking to my son especially if it means

00:10:05.429 --> 00:10:08.029
something to me like if I'm invested in a company

00:10:08.029 --> 00:10:11.269
that actually I really believe in them then so

00:10:11.269 --> 00:10:14.269
will you help me to figure out like kind of like

00:10:14.269 --> 00:10:17.149
find out what it is that gets me ticking and

00:10:17.149 --> 00:10:20.360
then I recommend. Are you allowed to recommend?

00:10:20.759 --> 00:10:23.159
Yeah, I recommend companies for you to trade.

00:10:23.580 --> 00:10:26.059
Also, we go through a criteria. So let's say

00:10:26.059 --> 00:10:28.559
you say, I only want to deal with $100 tragedy.

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Whatever I can afford and $100, that's what we

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do. Most people like to come to me and say, well,

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how much do I need? I got my tax refund. I got

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$2 ,000. Let's do that. I'm like, hey, slow down.

00:10:41.240 --> 00:10:43.549
You're not ready. let's start with a smaller

00:10:43.549 --> 00:10:45.909
amount something just like anything that you

00:10:45.909 --> 00:10:47.730
do you don't just jump out here and just go buy

00:10:47.730 --> 00:10:49.950
the most expensive car you do a little research

00:10:49.950 --> 00:10:52.110
you find out what's the mileage how far does

00:10:52.110 --> 00:10:54.370
it go when do i have to change it how the seat

00:10:54.370 --> 00:10:56.289
belts are you test drive it so you don't want

00:10:56.289 --> 00:10:58.750
to test drive with two thousand dollars you want

00:10:58.750 --> 00:11:00.909
to use a smaller amount and then i look at things

00:11:00.909 --> 00:11:03.350
that you like um proctor and gammer like what

00:11:03.350 --> 00:11:05.610
tissue paper do you use what products do you

00:11:05.610 --> 00:11:08.100
use what stores do you shop at? So that's going

00:11:08.100 --> 00:11:09.820
to make it resonate more with you. If you're

00:11:09.820 --> 00:11:11.779
a target shopper, then you might want to try

00:11:11.779 --> 00:11:13.980
to target. You go in the store every day, you

00:11:13.980 --> 00:11:16.159
see that they have markdowns. You see prices

00:11:16.159 --> 00:11:18.820
are going up. If you see prices going up in companies

00:11:18.820 --> 00:11:21.559
that you shop at, then you know that company's

00:11:21.559 --> 00:11:23.659
trying to increase revenue. So they're doing

00:11:23.659 --> 00:11:26.039
things to step to keep the company afloat. But

00:11:26.039 --> 00:11:28.700
you really don't realize it. You use and you

00:11:28.700 --> 00:11:30.580
are in the stock market. You just don't know

00:11:30.580 --> 00:11:32.620
it. You're just not applying inside of it because

00:11:32.620 --> 00:11:35.980
you shop every day. H -E -B, Kroger, Walmart,

00:11:36.299 --> 00:11:40.240
you go in these stores all the time. Okay, I

00:11:40.240 --> 00:11:43.179
want to be your client. I love, I like you. You

00:11:43.179 --> 00:11:45.639
are, I love your knowledge. I like the way that

00:11:45.639 --> 00:11:48.159
you present it and I feel like I could learn

00:11:48.159 --> 00:11:50.240
from you. This would be something else. I think

00:11:50.240 --> 00:11:52.120
my father in heaven would be looking down going,

00:11:52.539 --> 00:11:54.799
Adrian, wow, you're checking the stock market.

00:11:54.879 --> 00:11:58.370
I really don't even know. Okay. chat I'm in we're

00:11:58.370 --> 00:12:00.789
going to talk later I want to know I'm not even

00:12:00.789 --> 00:12:02.970
kidding around this is serious because this is

00:12:02.970 --> 00:12:04.850
probably that piece that I've been missing in

00:12:04.850 --> 00:12:06.850
my life just trying to understand something and

00:12:06.850 --> 00:12:09.529
it's embarrassing to admit that I don't understand

00:12:09.529 --> 00:12:12.649
it so all right I'm so glad that you said yes

00:12:12.649 --> 00:12:16.009
and that you you and you're fantastic so this

00:12:16.169 --> 00:12:18.649
Like you should have your own podcast and you

00:12:18.649 --> 00:12:22.590
can do with your son This is not just you once

00:12:22.590 --> 00:12:25.049
you learn you can teach him or you guys can learn

00:12:25.049 --> 00:12:27.350
together I like for families to learn together

00:12:27.350 --> 00:12:29.409
because once you start learning you're gonna

00:12:29.409 --> 00:12:31.210
want to talk to him And he's gonna have no clue

00:12:31.210 --> 00:12:33.190
what you're talking about and wave you off and

00:12:33.190 --> 00:12:35.149
think late. I don't want to hear this mom I don't

00:12:35.149 --> 00:12:38.169
know so you guys can sit down together learn

00:12:38.169 --> 00:12:40.210
together. This is something you can bond over

00:12:40.210 --> 00:12:43.129
and you you'll start seeing things like I'm seeing

00:12:43.129 --> 00:12:45.590
more toyotas on the road. I wonder if they're

00:12:45.590 --> 00:12:47.690
tradable It's just things of light bulbs that

00:12:47.690 --> 00:12:49.870
go off each day and you're like, can I make money

00:12:49.870 --> 00:12:52.210
off this? Can I make money off my podcast? Can

00:12:52.210 --> 00:12:55.009
I make money off all of these companies and you'll

00:12:55.009 --> 00:12:58.230
start seeing dollars everywhere? Oh my god, I

00:12:58.230 --> 00:13:00.730
love you. Okay. Thank you. We'll get my husband

00:13:00.730 --> 00:13:02.830
involved too though. He does have a traumatic

00:13:02.830 --> 00:13:05.139
brain injury. So I wish you'd look at that one.

00:13:05.620 --> 00:13:07.940
But we'll try. We'll try. We'll try. We'll try.

00:13:08.039 --> 00:13:10.460
We'll probably on the same level, Alan and I.

00:13:10.759 --> 00:13:13.539
All right, I hate to have to go because there's

00:13:13.539 --> 00:13:18.259
something about you. I just want to go to Texas

00:13:18.259 --> 00:13:21.539
and meet you. But I'm in Daytona Beach. You come

00:13:21.539 --> 00:13:23.539
to me. You come here. You come here. That would

00:13:23.539 --> 00:13:25.899
be lovely. That would be amazing. All right.

00:13:26.240 --> 00:13:28.279
You don't have to learn. We don't have to meet

00:13:28.279 --> 00:13:31.240
in person. We do it over Zoom. I love that. But

00:13:31.240 --> 00:13:32.840
I just want to, I like you. I could just, I'm

00:13:32.840 --> 00:13:34.779
sorry, just being honest, I like you and I want

00:13:34.779 --> 00:13:36.600
to learn from you. So thank you so much for saying

00:13:36.600 --> 00:13:38.860
yes and being bold, brave and beautiful. And

00:13:38.860 --> 00:13:40.679
I'm really excited about this. I'll get all your

00:13:40.679 --> 00:13:43.220
contact information. So email it to me with your

00:13:43.220 --> 00:13:45.360
headshot and we'll get it all together. Thank

00:13:45.360 --> 00:13:47.179
you for being patient in the first few minutes.

00:13:47.240 --> 00:13:50.679
I really appreciate it. And a big hug. I feel

00:13:50.679 --> 00:13:52.220
like you're my new friend. I think you're going

00:13:52.220 --> 00:13:53.840
to bring, you're going to give me something,

00:13:54.360 --> 00:13:56.480
knowledge that I don't have. And that's a, that's

00:13:56.480 --> 00:14:00.960
a big deal. That's a big deal. Thank you. I'll

00:14:00.960 --> 00:14:02.620
see you soon, I'll talk to you later.