Investing Trick Plays | 597

Boring is sexy and trick plays are only used when you’re already losing! 

Listen to this episode to learn why you’re not supposed to resort to trick plays at any point in your life and how you can actually start creating the financial freedom you want to achieve without risking everything you have! 

Key Talking Points of the Episode

[01:20] Invest with PreREO!
[03:33] What happens when you feel like you need to hurry up?
[04:36] What happens when we get impatient?
[06:25] What does it take to become financially free?
[08:17] How should you manage your businesses?
[11:31] Why do you need to create cash-flowing assets?
[12:15] What does passive income really mean?
[13:57] What is the importance of flexibility in investing?
[15:05] Why do you need to have savings? 
[17:27] How does money attract money? 
[18:45] What can you do when you’re only starting out?

Quotables

“You don’t use trick plays unless you’re losing.”

“In most cases, you’re gonna need 5 or 10 years, which, in the grand scheme of things, isn’t that long!”

“I was doing what I could to make sure I could generate more income because that is the variable most people skip.”

“These are principles that are tried and true, and these are principles that helped me get out of a $1 million debt hole without filing for bankruptcy.”

“Start investing in certain places. Don’t go for things that are speculative.”

“I can guarantee you, by the time you hear that it’s sexy or interesting, it’s already too late. You’ve already missed out on that opportunity.”

“One of the rules we had in stock trading was to never trade on a hot tip.”