243. An Insight Into Effective Investment Strategies With Erik Smolinski

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In the investment world versatility is key To thrive one must be able to adjust to varying market situations seamlessly adapting strategies to secure the best possible outcomes Join us on Average Joe Finances as our guest Erik Smolinski shares his investment strategies to include commercial real estate and active trading in the stock market ultimately achieving his goal of becoming a millionaire before 30 In this episode Understanding how small investments can grow significantly over time empowered him to start his investing journey early Explore various avenues including commercial real estate and options trading recognizing the unique opportunities each offered The importance of starting small and staying consistent in investing The importance of continuous learning and adaptation in the ever-evolving world of finance And so much more Key Moments 03 02 Erik apos s Journey into Investing05 38 Erik apos s Diverse Investment Strategies06 19 Realization and Shift in Perspective07 19 Approach to Trading and Investing16 14 Experience with Commercial Real Estate17 46 Approach to Stock Market Trading22 34 The Importance of Trends in Trading22 56 The Beauty of Ignorance in Trading23 44 The Role of Artifact Knowledge in Decision Making23 59 The KISS Method in Trading24 24 How to Start Investing Like Erik25 03 The Reality of Trading and the Importance of Paper Trading26 40 The Role of Discipline and Consistency in Trading27 02 The Importance of Understanding Risk27 24 The Disconnect Between Input and Output in Trading27 47 The Importance of Training and Discipline in Trading29 55 The Role of Mindset in Trading32 48 The Importance of Consistency and Discipline in Success33 49 The Role of Stoicism in Finance38 40 The Importance of Starting and Staying ConsistentFind Erik Smolinski on Website https esinvest com Facebook https www facebook com esinvestsLinkedIn https www linkedin com in esmolinskiYoutube https www youtube com esinvestsInstagram https www instagram com esinvestsTwitter https www twitter com esinvestsAverage Joe Finances All of our social media links and more https averagejoefinances com linksAbout Mike https mikecavaggioni comShow Notes add-on continued here https averagejoefinances com show-notes DISCLAIMER https averagejoefinances com disclaimerSee our full episode transcripts here https Top Software Engineers from Eastern Europe IT Staff Augmentation Money Back GuarantyBoost your tech team with top IT talent risk-free hiring 10 off with code ECHO PODCAST Durand on DemandSharing stories from the world s industry titans or giants as we call them helping Listen on Apple Podcasts nbsp SpotifySupport the showClick here to visit this podcast episode