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Welcome to Season 2 Episode #23 of Not Me, But You! Podcast.

This is the last episode of 2024. We are about to turn the page on a new year in 2025. The future looks bright. But we have to pay attention to our cash flow. Understand that cash flows...two different directions. Cash can flow toward you (like dividend income) or away from you (the money that you spend- give to someone else). 

In my opinion, most people don't have enough cash flow when they are ready to retire. But they don't teach investing in school, after all. We have to learn it on our own. But if you have a smart phone/internet connection, then you already have all the access you need to learn how to become wealthy. 

But we need to buy/hold the correct type of assets that will give us an ROI(return on investment) that at least matches the true rate of inflation (8%) or better yet beats the true rate of inflation. 

Buy/hold assets. Look to cut your expenses, even if it's temporary. Have a general budget and be aware how/where you are spending your money each month. Pay close attention to your actual ROI, your rate of return, the percentage that you are earning on "your pile of money." The rate that you earn, is very, very, very important. 

Warren Buffet quote: If you don't find ways to make money while you sleep, then you will work until the day you die. 

I use Charles Schwab as one of my trading platforms. I like them because their app is easy for me to use on my phone. And they have awesome, awesome, awesome customer service. I can easily call and speak with a human being! 

Use your favorite search engine and learn about Blackrock.  Find out what they tell their financial customers. If you want to become rich, then study what rich people do, then go copy it. Rinse/repeat until you are wealthy. 

It's also important to take care of yourself. Develop good habits to so that you can remain healthy enough to enjoy your wealth. Eat healthy food and get regular exercise. And de-clutter your living space. We often collect things and then don't use them much. Donate, sell, etc some items that you no longer care about owning or simply have not used in the last 6 to 12 months. 

Buy some assets on a regular basis. Buy assets on a schedule. And build your cash flow every month. Remember that the true rate of inflation is more like an increase of prices of 8%/year. 

Have courage today, and pick one thing, and work on your dreams. 

I'm not a financial advisor. This podcast is for education/entertainment purposes only. You will need to do your own research and accept responsibility for the results of any money you choose to invest. I love using Schwab.com to buy/sell stocks/ETF's/closed end funds/options. Schwab has a very user friendly app/website and their customer service is excellent. I can easily get to speak to a human being whenever I have questions.