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Show highlights include:

  • The “Wealth Creation Participation” model that increases your personal wealth (3:59)
  • Why having a savings account devastates your financial portfolio (5:34)
  • Why life insurance pays better dividends than your stock portfolio (6:16)
  • Why studying the stock market ruins your individual stock holdings (7:29)
  • The “Stock Market Conspiracy Theory” that prevents you from earning long-term wealth (8:12)

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Read Full Transcript

Do you hate the thought of working past 55 or 60? Do you hate not being able to live the life you deserve today? Do you hate not knowing what your financial future looks like? It's time to stop doing what you hate, here's your host, Mr. Harold Green.

(00:20): Hi everybody. This is Harold Greene of Brightree financial group, and it is time to stop doing what you hate. I hope you're having a fantastic day today. It's a Friday for me. And I'm extremely excited to be bringing you the show along with the, all the other shows

(00:38): You, I want to get into something that not too many people are talking about. And as something that is deeply troubling for me, deeply concerning to me. And I think that we're dealing with a very false narrative when it comes to wealth in our country, who has it and who does not have it. And so this is stemming from a conversation I had with a friend of mine on Facebook. And I'm dedicating this show to you, Mr. Windell Rogers, that Daniel Rogers, that is also known as NATO. And we were talking about racism and things like that. And I basically posted something like this, the way to beat hate racism, inequality is to get up between the hours of 3:00 AM and 6:00 AM and give it all you got because a lot of times, people that are looking to keep you down and people that are looking to hold you back.

(01:30): They're not, they're not in the morning trying to figure out how to hold. People don't know how to keep people back. That's just not, that's not the way that works. A lot of times you're getting pushback from, from people. And I've heard someone say this before. Successful people usually receive violent opposition from those who are just mediocre. I mean, you, you get some of the most violent pushback from the people that are just mediocre. The people that are not trying their best, that people that have settled in life and the people who don't know what they want. So guess what? They're turning their anger, their hate, the resentment, the reason why they can't get ahead, all of that is your fault. They just need somebody to blame and you know, so I want to kind of get into, so what happens next? And that's going to be the title of my show.

(02:20): So what happens next this past week, we've kicked off earning seasons for the month of July. And a lot of numbers are coming in. A lot of exciting numbers. Companies are beating estimates on the water. And, but one of the things you see as you still see shares of stocks dropping in some cases, and you're wondering, these guys are beating estimates by, you know, 10, 15, 20, 30%. And they have people are selling off their stock. What's going on here? Well, there's a lot that you can read into that, but I want to talk about the push of our country to try to level the playing field, a field, or to make wealth more for other people almost by any means necessary. And I don't really agree with that. And one of the things I've seen lately is the fact that there is a humongous, well transfer going on at our country.

(03:14): And it's coming from those who don't have. And it's an it's making its way to the top. Why is that? One of the main reasons why I think that is, is because of the consumer themselves, people tend to consume and consume and consume, but they are not taking advantage of the profits that their spending is generating in these corporations. They're just not doing it for example. And I'm just going to beat up on apple and just harp on it. Not necessarily beat up on it, but just kind of, you know, harp on it because a lot of people have apple phones, but how many people own apple stock? A lot of people have, you know, different things. A lot of people buy Nike shoes, but how many people buy Nike stock? A lot of people will own certain types of automobiles save board, for example, how many people own for stock?

(03:58): How many people own GM stock? Like are you participating in the wealth creation that you are creating for others, right? Are you, are you a participant or are you the driver of that person as well? You know, when it comes to Amazon, are you just an Amazon shopper or do you buy Amazon stock? Although it's like $3,000 a share and you can buy that through, say polio or some other farm over a platform that will allow you to do fractional shares. Let me just put this out there. Investments do carry the risk of loss. They are speculative in nature. So therefore go do your due diligence because past performance is no indicator of future results. And also, you know, don't take anything I say as the gospel truth. And, you know, Harold said, go buy apple stock. No, I did not. I'm just sharing with you information that's readily available on the internet and it's information that share, you know, pretty much every book with everybody.

(04:52): So are you participating in the wealth creation or are you just creating wealth for other people? Right. And so in the attempt to lower or to, to, to level the playing field, there's a lot of different things going on in our country right now, we're talking about extended benefit payments that they want to do, child tax credits, that they want to give out all of these different things. And by all means they are, you know, they are helpful to some people, but some people just don't need them. You know, when they extended the unemployment benefits. Yes. That was helpful for some people, but not for everybody, but they just did this targeted thing and it's wreaking havoc on our economy. So what happens next? We've had these earnings come out. We've had the federal reserve come out and say, you know, that they want to try to keep interest rates low for a long period of time.

(05:42): But what does that mean for you as an individual? Well, well, here's the thing. It depends on where you have your wealth. Okay. I'm going to say that again. It depends on where you have your wealth. Where is your money sitting right now? Is it sitting in your savings account? Because if it's sitting in your savings account, that can be devastating. Inflation is at five, six, 7%, depending on whose estimate you use, but what are you getting on your savings account? You're hitting hardly anything on your savings account. Okay. What if it's sitting in your life insurance policy? Well, if it's sitting in your life insurance policy, that's somewhat better because you get paid dividends or, you know, it could be interest sensitive and the companies will give you interest based on how well the company does or how well things are going depending on how they credit their interest.

(06:34): If it's sitting in real estate, what's going to happen. If you have all of your money sitting in real estate, well, if you're generating rental income, that's a good thing. But if you're not generating rental income, that's a bad thing. So there could be ways for you to take advantage of the equity in your home. Okay? For example, if you own investment properties, you could excavate some of the equity out of that and do something with it and put it to work. There's a lot of different strategies that you can use, but we're in this low interest rate environment. And so when we're in a low interest rate environment, you really have to take advantage of those things. Well, what of your money is sitting in the market? Well, it, it depends on where it's sitting in the market. What type of approach are you taking towards investing?

(07:23): I've literally had some people sell everything, put it in cash or whatever, do other things with the money because they think the stock market is going to crash. When you look at the stock market in totality, your view is fundamentally flawed because the stock market cannot be viewed in totality. Although when you look at it and you read about it, the S and P did this today. The Dow Jones did this today. The NASDAQ did this today. So what, what did individual holdings do? What did Microsoft do? What did L brands do? What did KFC do? Young brand or yum, China holdings. What are these stocks doing on an individual basis? You can't look at the market as a whole. And it's very interesting when they survey people and they say, why don't you invest in the market? There are a number of different reasons.

(08:19): But the biggest one I hear is I don't have any money to invest. You want to know? The next biggest thing I hear is the stock market is frayed. It's rigged. I hear that crap all the time. Tell me, tell me how it's Rick. I understand your conspiracy theory part. I understand the sentiment there, but what do you mean by the stock market is Rick? Well, I hear all this stuff. I hear a lot of stuff too, but what do you do with that? How do you process that? There's things like dark pools and order flow problems and all of this? Yeah. Okay. So what, what does that mean for you? How is that affecting you? Are you a day trader? Maybe that affects you. Are you a high-frequency trader that moves millions of shares of stock. Yeah. Then that affects you. But if you're just an investor, that's trying to build your retirement plan or trying to bill your individual portfolios.

(09:19): Why would that matter to you? If you were in a buy and hold strategy, regardless of what these guys do, whether they try to manipulate the price or whatever, when you look at the averages and you look at performance of individual portfolios and holdings, how does that affect you? The only thing you want to be honest is you want to see some consistent growth in these and these asset prices. You, you want to see them go up 5, 10, 15, 20% a year. Yes. There's going to be some volatility. Yes. There's going to be some fluctuation, whether it's caused by dark pool trading or a high frequency trading or, you know, whatever. Why do you let that deter you from putting your money to work for you? I mean, if you're buying this stuff anyway, you're creating somebody else as well. You can't hate on the wealthy for having wealth that you created, right?

(10:10): Like nobody told you to go buy that stuff. I mean, it's all choice, right? And so if you're going to be a consumer, anyway, you gotta, you want to buy gas. Why would you not look at, you know, companies that sell gas and produce petroleum, Chevron, Bibi, right? Exxonmobil, Royal Dutch shell. Why not put your pot in the river and get some of that too? Like, why not get a piece of that action? Well, heroine item, I don't know what I'm doing. Well, it's pretty easy, right? You go and you set up a brokerage account. If you're going to do it on your own. And you think about the holdings that you want to put into it, do a little research, right? Spend a little time reading and spend a little time, understanding things, or, you know, hire an advisor. Some advisors have minimums that they, you know, you need to give them an order to come on board.

(11:05): Some advisors they'll, they'll take whatever you have, but to not participate is no excuse. And I think no matter how much they want to try to mandate well for everybody, some people are just not going to be willing participants in the process. So tell all my clients out there. Thank you very much for tuning in and listening to me, rant and rave. If you're new, listening to me, welcome aboard anything I say is not meant to offend you. I just want to share the information and the knowledge I have and the things that I've been experiencing throughout the 40 something years of my life, but to not participate. There's no excuse in that. You know, you read stories all the time about people who say how I took $70,000, turn it into, you know, three, 400, $500,000. There are tons of stories like that. And people are willing to share what they did.

(12:01): Now. I'm not saying everybody should invest in the stock market. That is not what I'm saying, but there are ways that you can put your money to work for you and to create wealth, some level of wealth. Anyway, you might not get to a million dollars. You might not get to 500,000, but you might get to a hundred thousand or 200,000 or 300,000. You're doing something to move the needle and the right direction versus saying, I don't know how to do it. Or, or the stock market is rigged or this system is rigged and I never can get ahead because of the system is messed up. No, I did a show title, how to beat the system, go back and listen to that. I also did shows about winning. There are things that you can do to get ahead. I was going to do a whole show about how people who get up early tend to be the most successful.

(12:48): And I somewhat follow that for the most part three or four days out of the week. I'm up, I'm up pretty early, you know, before 6:00 AM anyway, sometimes a lot before 4:00 AM the other day, I was up at three something, partly because I have so many things running through my head. It's kind of hard to shut the machine down. I have so many ideas and so many, like, I'm like, oh my God, oh my God. You know, things that I want to do that day, like, okay, I gotta prepare myself mentally. And then, you know, this is what I need to do. And now I'm thinking through this process and thinking through these trades and thinking through my next steps. And it's like, it gets exciting to me. And then I can't sleep. I can't sleep. So I want to take action. I want to get up and take action. I want to, I want to do something about it. And when I get up, I'm like, I'm raring to go. Sometimes I'll wear myself down because I don't know when to quit. But other times, boy, I'm just so excited about trying to figure this thing

(13:37): Out. It's like a big jigsaw puzzle for me. And I want to get to the next step. I want to get to the next level. And I want you folks to experience that as well. So what's next. So what's next is you got to get involved in a game. You can't win. If you're not even playing the game, you have to get involved in the game, get in the game. And if you want information on how to get into the game, look me up, go in the show notes, click on my schedule. If you want a free consultation, it's free. But if you want an evaluation, there's $375 an hour to evaluate your portfolios, to evaluate your, excuse me, your financial holdings, and to evaluate your financial plan and then tell you whether you're on track or not. So if that's you click on the show notes, if the show is helping you send me a message@harolddotgreenffg.com, you can also find me on Facebook, send me a message over there to let me know what you think about the shows and things like that. Again, they're not meant to offend anybody. The goal is to, to help you get ahead and to help you win in life. And that's, that's all I want to do. So thank you very much for tuning in. And until next time everybody, 1, 2, 3, let's get it.

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