Preview Mode Links will not work in preview mode

The Adverse Effect


Mar 28, 2019

The Conversation: In this episode, personal finance instructor/serial entrepreneur/investor Terrance Wyatt talks about financial literacy, but not in the way you would expect. Their conversation delved into investing, real estate, and cryptocurrency.

Insights: Here’s what Terrance shared:

  • The importance of financial literacy
  • Why mindset is key to financial mastery
  • The one financial strategy that 90% of rich people use to grow & stay wealthy
  • How to get started with financial literacy in just 10 or 15 minutes a day
  • Why it’s so important to learn about investing for your life 

Memorable Quote: “Your life depends on learning about investments.” 

The Homework: Take some time today to do these three simple things:

  1. Spend the next 24 hours tracking the money you spend. (Be sure to note what businesses you spend your money with.).
  2. Find the stock price of each of those businesses you spent money with. (For example, if you went to Burger King or Starbucks, look up their stock price and write it down.) 
  3. Imagine that you had $1,000 to invest in the companies in your list. Circle which ones you would invest in. Put them in a virtual stock trading site (Look in links below) and see how they perform after a week.

About Our Guest: 

Terrance Wyatt, MBA is an instructor, finance expert, and cryptocurrency investor who was able to leave the corporate world at 32 because of smart investments. He is the founder of several businesses including No Bull Investing, Inc and the founder of Southeast Young Professionals, Inc., and the organizer of “African American & Minority Cryptocurrency Association, a Meetup in Atlanta. His mission is to help “the average Joe or Jane” leverage free and low-cost tools to  master advanced financial topics and gain financial mastery.

Links

No Bull Investing: Investing 101 For Financial Freedom 

Next Level Investing For Financial Freedom: An Introduction to Alternative Investments

Additional Info

“Guns and Butter” quote (Note: Strong language used)

The Top Four Amazon Shareholders

90% of the World’s Millionaires do this to Create Wealth (CollegeInvestor.com)

Investopedia

Best Stock Market Simulators 

 

Check out kennethcheadle.com for more information, podcast episodes and blog posts! 

.

➡️ The Adverse Effect Podcast with Ken Cheadle is proudly produced by Podcast Wagon

.