Spiritual Investing #3/7: The Secrets To Money

In audio #3/6, we'll open a treasure chest of secrets that most poor and middle class people are totally ignorant of, and it's almost guaranteed to be holding you back from creating serious, generational wealth for you and your family: I will pull back the curtain to reveal HOW RICH PEOPLE MAKE MOST OF THEIR MONEY, and also compare and contrast their approach to the terrible and dysfunctional ways most of us manage and invest money.

Transcript

Today is going to be a really good one because I want to highlight some of the differences between very wealthy and successful people that make tons of money from investing versus everyone else,

The poor or the middle class,

Who may make some gains over time but generally get killed.

That for the most part,

A lot of the investing world is what they call the smart money,

Namely giant corporations like Goldman Sachs and extremely wealthy individuals who have all the advantages eating alive all the small players,

The retail investors like you and me.

And when we see the difference in the approaches,

You can start to shift your psychology and your approach and we have some amazing secret weapons that can balance that scale so that regular people like you and me can make significant money on investments instead of just pissing away our hard-earned money to make some billionaire even wealthier.

So one of the first big differences I want to call out is that very wealthy and successful people,

They understand that they're investing in building assets over time.

They're not trying to get just a quick fix,

Whereas a lot of poor and middle-class people are using it,

Their investments as a vehicle to try to get away from a life they hate,

Right?

Which then creates lots of attachment.

So most poor middle-class people will say,

Oh,

Just tell me what to buy,

Right?

Just tell me what crypto to buy or what stock or where to put my money and then I'll get rich.

Yeah,

It's not that simple,

Right?

Generally,

For the most part,

Extremely wealthy people,

Corporations,

Entities like that,

They make most of their money like this.

They have assets and they take a loan against those assets and take that money and invest it at a higher interest rate.

So,

For example,

If you buy something and you're paying three percent on the loan,

You will then take that money,

Take that asset and use it as collateral and go buy something that's going to give you five percent.

So they're paying out three percent and making five percent.

And over time,

You just accumulate more and more assets and then you collateralize them to take more loans and buy more assets and make more interest,

Right?

So that's a great oversimplification,

But that's one of the big differences.

Wealthy people see it as a process.

You need to be patient.

They know that compounding interest will over time make you enormous amounts of money.

Don't worry so much about getting rich quick.

It's nice if it happens,

Right?

But for most people,

It doesn't.

The second thing is huge difference between consistently wealthy,

Successful people and everyone else is how they trade.

That most poor middle class people trade and invest emotionally.

They look at a big stock that's had a run up like Tesla or Amazon or whatever,

And they think,

Oh,

They get a whole bunch of jealousy,

Right?

FOMO,

Fear of missing out.

And that forces you to tend to buy at the top of the market.

So the way it works is that when prices are getting high,

The very wealthy,

The whales,

The big companies,

They pump out lots of news to make everyone see,

Oh,

Look how much the stock ran up,

Right?

And then regular people like you and me get full of FOMO,

Fear of missing out.

And we rush in and buy at the top.

And then the whales,

The big players,

Are happy to sell to us and collect their money.

And then the market drops.

And then all the people that got into the top annex sell thinking,

Oh God,

I'm going to lose all my money.

And so the wealthy,

The whales sit on the side,

Watch the price drop,

And then take that money that they got selling to you at the top and buy at the bottom.

And they become really wealthy.

And the rest of us get killed,

Right?

Because again,

You worked hard for that money.

It may have taken you months,

Years,

Decades to save it up.

And if you invest emotionally,

You can piss it away in a matter of days.

It can just be gone that fast.

So I want to encourage everyone,

Use the metaphysical tools.

You've got to get in and overcome that emotional response,

Right?

You got to learn how to get into your subconscious and dig to the bottom of your fears and clear them out.

So your fears no longer run you and control you.

You got to get inside,

Find the core of your greed,

Your insecurity.

Why is it that you don't trust the universe to support you?

Why is it that you think,

Oh God,

I have to make money on this or I'm screwed,

Right?

That's what's killing you.

Wealthy and successful people almost never take the position,

Oh God,

I have to make so much money on this or I'm screwed.

No,

They know that that's deadly,

Right?

That's emotional investing.

That will get you killed.

So step back from the emotion,

Invest rationally and or intuitively.

Don't be chasing high tops,

Right?

Don't be throwing money at something that's already had its big run-up because you're just going to get stuck holding the bag.

And when it goes down,

Don't be panic selling at the bottom because you're worried you're going to lose everything.

Why?

Again,

The big players understand this.

They're manipulating your psychology.

This is well-understood stuff,

Right?

I want to help you get off that roller coaster.

So use the tools,

Dig into the subconscious,

Clear your fears,

Study awakening,

Fill yourself with a quantum field.

This can help you to really even that balance.

Another thing that you can do,

Which I think is going to be enormously important to help you be successful to move ahead is to bust some myths.

So I want to bust some myths that poor and middle-class people fall victim to,

But the wealthy and really successful don't.

So let's bust some myths.

First of all,

Let's bust the myth of passive income.

And I know a lot of self-improvement programs will say,

Oh,

You need passive income.

Well,

That's kind of nonsense.

That's not how wealthy and successful people see it.

There is no such thing as perfectly passive income.

Instead,

I'm going to offer you a more nuanced understanding.

What you want to look for is leverage on your time and energy.

We're looking for high leverage opportunities,

Not passive versus active income.

Again,

It's a nonsensical distinction.

What do I mean by that?

So if you have a job,

Right,

And you get paid by the hour,

Which many people do,

That's pretty much just trading time for money.

And there's nothing wrong with that.

If that's where you're at,

Especially if you're young,

That's how we all start,

Right?

Unless you had really wealthy parents that gave you tons of money,

That's how all of us start,

Especially when we're young.

But we want to move past that.

Why?

It's simple.

Even if you're making a good hourly rate,

There's not much leverage there,

Right?

Even if you're making a hundred dollars an hour at your job,

There's still only so much money you can make,

Right?

You just can't get past a certain point because you only have so much time,

Right?

You only have so much energy.

You only have so much attention.

Instead,

We want to look for higher leverage opportunities because a time-for-money job is limited and leveraged to the amount of time you get for the money,

Right?

So let's talk about multi-level marketing.

Now,

Multi-level marketing is very popular,

Especially in the self-improvement world,

Holistic health,

Because there are a lot of good products you can't get other ways,

But they sell you a myth.

And I say this with love because I've been involved in a marketing,

Right?

It's exactly the same as multi-level marketing.

They just changed the name because it got a bad reputation,

But it's exactly the same thing.

And they'll say,

Oh,

All you have to do is go and pester all your friends and family to buy these products from us.

And then you're going to get passive income for the rest of your life and you never have to work.

Nonsense.

Here's been my experience with multi-level marketing.

You can make money,

Right?

If it's a good product,

You really enjoy it.

You're passionate about it.

You don't mind working.

Absolutely.

You can talk to your friends,

Your family,

Run meetups,

Whatever,

Demonstrate the product.

And if it's good,

People will buy it and you'll make some money.

But the passive income part is a myth.

Why?

As soon as you stop actively promoting and selling those products and supporting the people that are underneath you,

Your income starts to dry up.

But it is higher leverage,

Right?

Even a higher leverage would be,

For example,

If you own an apartment building and you rent out the apartments.

That's a lot of money coming in,

Certainly relative to your time.

So you buy an apartment building,

You hire a property manager and a landlord,

And they take care of all the day-to-day.

And all you need to do is interface with the property managers and occasionally the tenants.

Make sure that all your paperwork is in order,

Pay your taxes,

Make sure you have all the permits and insurance and all that.

Which again,

It's not free passive income,

Right?

There's still work you have to do.

Even if a management company runs the property,

You still need to research them.

You need to manage them,

Right?

You need to make sure the tax forms are in,

The permits are in,

The zoning is proper,

You're current on a homeowner's dues and all the things that come with it,

Right?

But it's higher leverage.

So forget about passive income.

That's a myth.

I want to help you move towards higher leverage in your time and energy.

And by investing intelligently,

You can get much higher leverage.

So that's one myth that holds people back.

Another one that we'll talk about here is the myth of trading.

And so I'm going to mention this because I've had so many of my clients and students fall into the trap of trading.

And let me be clear,

Trading is not a bad idea,

But I want to help make a distinction between trading and investing.

Trading is about being in the market pretty much every day,

Thinking that you can understand and predict where price is going to move and make lots of small buys and sells to make money on small fluctuations in the market.

And you can do day trading,

Right?

Where you're just looking for little movements during the day.

You can do swing trading where you're looking for swings over days or weeks,

Lots of different options.

What I would offer everyone is that the idea of trading an hour or two a week or an hour or two a day and making so much money you can quit your day job is largely a myth.

That's the myth I want to break.

I'm not opposed to being a trader.

In fact,

I've done a lot of work with trading.

When I worked for the investment bank,

I was writing software for trading systems.

I've dabbled in day trading.

I've had my computer monitor so full of indicators I could barely find the price,

Right?

So,

I'm familiar with those things.

But here's what I found.

Most people will do much better focusing on investing rather than trading.

The large majority of my clients and students that have got into trading have gotten killed.

And the reason is simple.

That when you're trading,

When you're on your computer every morning at 6 a.

M.

,

Right,

For the market open and drawing your indicators and your charts and all that,

Again,

I'm not opposed to that.

But how do you think that you,

With however much training you have,

Right,

Dozens,

Hundreds of hours,

And your limited resources,

Right,

You're trading an hour a day or an hour a week,

How in the world are you going to compete with professional investment bankers and gigantic multi-billion dollar companies?

You can't.

They have way more research.

They have way faster computers.

They have preferential access to information.

And so,

That's why I'd say,

Unless you're really talented at it or you're really called to it,

Be careful,

Right?

I'm not going to say don't do it,

Right?

If you love to do it,

You find it interesting,

Engaging,

Fulfilling,

Go ahead,

Right?

But just realize you're at a big disadvantage if you're trying to trade an hour a day,

An hour a week,

An hour a month,

Because you're competing head to head against others that have devoted their lives to it.

That you may have put in 100 hours of training and an hour a day.

You're up against other people and companies that have put in thousands of hours of training,

And they're doing it 80 hours a week.

So,

Just be careful,

Right?

The usual reason people get into trading is they hate their job,

They hate their life,

And they see it as an easy way out.

Some people are successful,

Right?

Just like some people win the lottery.

But I would focus on investing,

For most people,

Right?

Again,

If you love trading,

Go for it.

But I decided not to pursue trading,

I'm more focused on investing.

Because if you invest wisely,

You're pretty much guaranteed to make a lot of money over the long run.

And your day job can still be whatever you're passionate about.

So,

If you're passionate about trading and you love charts and you love the market and the news,

Go for it,

Right?

Don't let me stop you.

But that's not true for most people.

Most of you want to be a healer,

Or a mother,

Or a teacher,

Or a fireman,

Or whatever it is you do,

Right?

Do that and then invest on top of it.

Because through investing,

You can get huge leverage.

You can invest an hour a week,

An hour a month,

Five hours a year,

And make big steps forward.

So,

Just watch out for that.

Trading,

Be careful,

Unless it's really your calling.

Investing,

A great idea,

Right?

Another thing is just in terms of the metaphysics and making the world a better place.

When you make money on trading,

All that's happening is you're taking money from another person.

Aside from maybe some abstract liquidity in the markets,

Adding another day trader out there on his computer doesn't help the world at all.

And even if you're successful,

All you're doing is taking money from other people.

And again,

I'm not saying that's terrible.

It's just you're not really moving the world forward.

When you invest,

You're giving a new company a new project,

The capital they need to go out and build something lasting that creates benefit in the world,

That creates jobs,

Right?

That makes money,

That improves lives.

So,

From a spiritual perspective,

I think that investing is much more significant.

It does much more good in the world.

It's a win-win situation.

One of the troubles with trading is trading is always win-lose,

Right?

Someone makes money on the trade,

Someone loses it.

So again,

Make your own decision,

But that's how I see it.

For most people,

Stay away from trading,

But invest.

You'll do much better.

All right,

So some other things I want to talk about.

A few other big mistakes that most,

Quote,

Normal people make,

Right?

Working class,

Middle class people.

One is you think you can pick tops and bottoms in the market.

Please don't think you can,

Right?

Even the full-time professionals with billion dollar companies behind them and supercomputers still cannot pick tops and bottoms in the market.

No one knows exactly when the market's at a top.

No one knows when it's exactly at a bottom.

So,

What do you do?

Simple.

You either ladder in and out or your dollar costs in and out.

I don't want to go too much into it here because you can look that up in a million investment sites,

But basically laddering in means you're buying a certain amount of different prices,

Right?

Laddering out means you're selling out a certain amount of different prices.

That way you're not trying to pick the top or the bottom.

And so,

Let me give you an example.

Let's say you bought cryptocurrency X and you bought it at $100 a coin and now it's up to 200.

You think it might go to 400,

But you're not sure.

So,

What do you do?

Well,

Don't just hope to pick the top and hope to get lucky.

You're going to get killed,

Right?

Ladder out.

Sell 25% at 200.

Sell 25% at,

Say,

250.

Sell 25% at 300.

And save your last rung,

If maybe it hits 400,

You sell 25% there.

That way,

If it goes to 300 and then drops,

At least you got out 75% at a high price,

Right?

Right.

So,

The goal is be a little more conservative,

Go for more consistent,

Smaller wins.

Don't try to hit grand slams in the market,

Right?

Go for more consistent,

Smaller wins and over time it'll add up.

You'll also have more confidence and it emotionally will get much easier versus trying to pick a top and either hitting a home run or getting struck out,

Right?

Same thing with bottoms.

Don't try to figure out when the market's at a bottom.

If you think it's at a good price,

Buy a little bit,

Right?

If it goes down more,

Buy more because we never know when it's going to turn up.

So,

Please don't think you can pick a top or a bottom.

No one can,

Right?

Ladder in,

Ladder out.

That's basically making a proportionate move like 10%,

20% here,

Sell 10% here,

Sell 10% here,

Right?

The other way is what's called dollar cost averaging.

What that means is you buy a certain amount or sell a certain amount of percentage all the time.

So,

For example,

If you want to buy Bitcoin,

There's exchanges you can go to where you can say,

Hey,

Buy $200 of Bitcoin every month on the first of the month.

That's dollar cost averaging,

Right?

And don't worry about what the price of Bitcoin is this month or next.

If you believe it's going up over time,

Dollar costing or laddering are great ways to get in and great ways to get out.

Because again,

We're not trying to pick a top or a bottom.

We're not trying to hit a home run here.

We're just trying to get on base,

Right?

Much better to have more consistent,

Smaller victories.

Much better.

Better for your bank account,

Better for your psychology versus trying to swing for the fences and get it perfect,

Right?

You'll see all this stuff.

Oh,

You know,

If you had bought this stock on this day and sold it on this other day,

You would have made a billion percent.

That's true,

But it's bull crap,

Right?

Why?

No one knows the exact days to buy or sell the stock.

And just as another point,

It's usually a lot easier to know when to buy than when to sell.

So a lot of people think,

Oh,

Just tell me what to buy and I'll figure out the selling later.

No,

The selling is the harder part,

Just so you know.

Don't buy anything unless you also have a plan on when to sell it.

But that's been my experience.

So I hope this helps for you.

I hope you see how there's so many things we do that we think are normal or clever that are actually getting us killed.

And if you find this enjoyable,

Informative,

Transformational,

Stick with it.

Awesome.

And last thing I'll mention is another way that regular people,

Right?

Poor people,

Middle-class people,

Working people get killed in the market is they buy something with a vague plan to sell it when I'm rich.

That's kind of a disaster,

Right?

Now it's one thing if you're going to buy something and hold it for 10,

20,

30 years for retirement,

That's fine,

Right?

If you're going to buy a mutual fund or a stock index or crypto or whatever,

Right?

And you plan on holding it for five years,

10 years,

30 years till you retire,

Great.

That's a really smart way to go,

Right?

But short of that,

Have a specific goal in mind.

Have a specific goal,

Right?

So if you buy your Tesla stock,

Have a plan for when you're going to sell it and what you're going to do with the money when you do.

This is critical because one,

It'll keep you out of the emotional investing and trading,

Right?

The fear and the FOMO.

But two,

It gives your subconscious a clear and focused plan.

Your subconscious will be much more powerful in manifesting and creating for you if you give it something to work with.

So you may say,

Hey,

I'm buying a bunch of Tesla stock at this price.

My goal is when it reaches this other price,

I'm going to start laddering or dollar costing out.

And then I'm going to pay my taxes and the rest of the money,

I'm going to go to Hawaii or buy a Porsche or go see the Superbowl in the front row or whatever your thing is,

Right?

That's really important to have that plan with clear goals that you can measure and benefits you're going to gain into your life.

Otherwise,

It's just this vague,

Oh,

I try to buy things that are good and sell them when I'm rich.

That's just another way that regular people are going to get killed.

So don't get so stressed out about exactly where to buy and sell.

Just try to get in the right general area.

That's all you need to do.

Because remember,

The one opportunity,

This stock,

This crypto,

This business has no impact on your finances,

Your prosperity over the long term,

Over a five plus year period.

That's all about the inside.

So if you're going to go focus your time and energy on something,

Focus it on the inside,

On shifting your subconscious beliefs,

Filling yourself with quantum field,

Finding awakening,

Liberating yourself from suffering and fear.

Then with a much smaller amount of energy put in the investing world,

You're likely to make way more money.

Because that's exactly how it was for me.

For almost all of my life,

I lost money on every investment.

But then I got to the right point with the internal work,

The subconscious clearing,

The awakening,

In particular,

The quantum field,

And it all changed and it was almost effortless.

That's exactly what I want you to experience too.

I want you to be able to learn how to do this in a way that's fun,

That's easy,

That's not a burden,

That will make you more money than you ever thought possible.

So you can enjoy the heck out of your life and do what you love every day and give a huge gift to the world.

Hope that makes sense.

I'm Brett Michael Phillips signing out.

Reviews

Thanks Brent!
Love and blessings to you