Latest / The Steve Harvey Morning Show / Money Talk: Teri discusses her journey from educator to educating people how to invest in stock.

Transcript

Money Talk: Teri discusses her journey from educator to educating people how to invest in stock. · The Steve Harvey Morning Show

0:00
Speaker 1: This podcast is sponsored by Better Help Online Therapy. I'm
0:04
Speaker 1: Michelene Maloof and I'm Nadyadsi, licensed therapists and hosts of
0:07
Speaker 1: Getting Better Stories of Mental Health. Join us for discussions
0:10
Speaker 1: with Megan Trainer, Chris Bosh, Rebel Wilson, and more, from
0:13
Speaker 1: discussing motherhood to immigrating to general mental health. Our guests
0:17
Speaker 1: are awe inspiring. We all struggle with the same things,
0:20
Speaker 1: so let's talk about it and de stigmatize them. Find
0:23
Speaker 1: our new podcast, Getting Better Stories of Mental Health on
0:26
Speaker 1: iHeart Apple Podcasts and Spotify. Still living in manually taking notes,
0:33
Speaker 1: there is a better way to start the new year
0:34
Speaker 1: with auto dot ai automatically get meeting notes. Auto dot
0:38
Speaker 1: ai works for virtual meetings like Zoom, Microsoft Teams, and
0:40
Speaker 1: Google Meet. Sign up on the web for free or
0:42
Speaker 1: download in the app stores. Auto dot ai. That's O
0:45
Speaker 1: T T E R dot Ai. Mama, what does the
0:51
Speaker 1: chicken say, rat draff really do? Rat giraffe? You're not
1:01
Speaker 1: gonna get it all right. Just make sure you know
1:03
Speaker 1: the big stuff, like making sure your kids are buckled
1:05
Speaker 1: correctly in the right seat for their agent's eyes. Get
1:08
Speaker 1: it right visits and h s A dot GOVT run
1:13
Speaker 1: to you by the National Highway Traffic Safety Administration and
1:16
Speaker 1: the AD Council. Hi, this is Rashan McDonald and you
1:22
Speaker 1: are listening to Money Making Conversations, So welcome each money
1:27
Speaker 1: Making Conversation talk show us about entrepreneurship and entertainment. I
1:30
Speaker 1: provide the consumer that's you, and business owner that's you,
1:34
Speaker 1: access to celebrities, CEOs, entrepreneurs and industry decision makers. I
1:39
Speaker 1: recognize that we all have different definitions of success. For some,
1:42
Speaker 1: it's a sizeable paycheck. Mine is helping people wake up
1:45
Speaker 1: and inspire them to accomplish their goals and live their
1:48
Speaker 1: dreams and their passions and value their gifts. That's what
1:50
Speaker 1: I'm all about. I want you to stop tripping over
1:53
Speaker 1: these small challenges because there are a lot bigger obstacles
1:55
Speaker 1: waiting out there. Just walk through them, did Bunny hop
1:58
Speaker 1: over them, and go on about your business. The Money
2:01
Speaker 1: Making Conversation interviews provide relatable information to the listener about
2:04
Speaker 1: career and financial planning, entrepreneurship, motivation, leadership, overcoming the arts,
2:10
Speaker 1: and how to live abound most life. My next guests
2:13
Speaker 1: began her professional career working in education and nonprofits. Education
2:18
Speaker 1: and nonprofits. When she started trading stocks nine years ago,
2:22
Speaker 1: she initially saw this as an opportunity to simply supplement
2:25
Speaker 1: her income elected world supplement her income. However, she was
2:29
Speaker 1: so successful with with this side hustle. I love why
2:32
Speaker 1: to start no our profit? And then it became supplemental income.
2:36
Speaker 1: Then it became a side hustle. Then in twenty seven teen,
2:40
Speaker 1: she decided to queit her job so we'd be on
2:42
Speaker 1: the south hustle now travel the world and begin trading
2:45
Speaker 1: stock full time. Investing. Invest with Terry provides education and
2:50
Speaker 1: coaching on how to invest in the stock market. Please
2:52
Speaker 1: work with the money making conversation Terry e g oh my,
2:59
Speaker 1: First of all, I just got to go back to
3:01
Speaker 1: that intro, you know, education to know our profit. Then
3:04
Speaker 1: it became, you know, just a simple way to supplement
3:07
Speaker 1: my income. Then it became a side hustle, and then
3:10
Speaker 1: you decided just to quit. Okay, walk us through all
3:14
Speaker 1: those steps, because that's a journey that allows us to
3:17
Speaker 1: talk about what you're doing today with invest with Terry.
3:22
Speaker 1: It was it was a journey, and you know what
3:24
Speaker 1: I would say, I think it was actually a mindset
3:27
Speaker 1: journey because I learned about investing in high school, and
3:31
Speaker 1: I learned about it like the year that Google I
3:33
Speaker 1: p O. So if you can just imagine me learning
3:36
Speaker 1: about stocks and then Google ip on it eighty three
3:39
Speaker 1: dollars and what it would have done for me if
3:42
Speaker 1: I had invested back then. But nobody in my family
3:45
Speaker 1: knew anything about stocks, so we knew it was a
3:48
Speaker 1: good thing, but I didn't know how to do it.
3:50
Speaker 1: And so going into college, I went to M I
3:53
Speaker 1: T and Studies on Wall Street because I'm still interested
3:56
Speaker 1: in what is the whole stock thing? So, Terry Hold,
4:01
Speaker 1: you just blew paths in my tea like that, you know,
4:03
Speaker 1: for junior college, I went to in my tea. Okay,
4:07
Speaker 1: that's what you're not gonna do with my show, Terry.
4:09
Speaker 1: It's come on my show and act like I can't
4:11
Speaker 1: hear success. I can't hear significant things when they're said
4:15
Speaker 1: to me. You keep talking, but I'm gonna interrupt you
4:17
Speaker 1: if you say anything else like that and not slow down.
4:21
Speaker 1: You know you're supposed to. Went and I went to
4:23
Speaker 1: M I T. Thank you. Yes, I'm kind of smart,
4:36
Speaker 1: but yes, So I went to M MY T. And
4:38
Speaker 1: they kind of funneled us into two paths. You neither
4:40
Speaker 1: go to Wall Street or you do consulting, because you know,
4:43
Speaker 1: they think, okay, use that mind to problem solved. And
4:46
Speaker 1: so I went to Wall Street and again I was
4:50
Speaker 1: exponed to this whole world of investing. But this is
4:53
Speaker 1: a mindset part in my mind because where I had
4:56
Speaker 1: grown up, like I didn't grow up with money. I
4:59
Speaker 1: had always associate add people on Wall Street with like,
5:02
Speaker 1: you know, arrogantness. Um, they're just not good this, this
5:07
Speaker 1: is not a good industry. So even though I had
5:10
Speaker 1: this great opportunity, I was like, no, I'm not gonna
5:13
Speaker 1: do that. I'm gonna go into consulting. And then one
5:16
Speaker 1: of my clients with education. So I went into this
5:18
Speaker 1: whole education route because I felt like, well, that's where
5:22
Speaker 1: the heroes are. That's what I had seen. The heroes
5:25
Speaker 1: are in education, the heroes are in ministry. And so
5:28
Speaker 1: I think a lot of our communities, like we have
5:31
Speaker 1: that mindset. There's like this aversion to big money, but
5:36
Speaker 1: money or not realizing that a lot of people are
5:41
Speaker 1: living successful lives doing this, you know, because we we
5:44
Speaker 1: we see the we see you know, with the Warren
5:47
Speaker 1: Buffets and the Bill Gates and all these people out there.
5:50
Speaker 1: They're our new celebrities now where previously with just athletes
5:54
Speaker 1: and just entertainers, but now the tech world has created
5:57
Speaker 1: this whole world of just celebrity is in the stock world.
6:01
Speaker 1: And so to me, it always felt like it was
6:04
Speaker 1: like they were there, but it seemed like they were ghosts.
6:07
Speaker 1: They were unattainable because of the knowledge. You feel me,
6:11
Speaker 1: because of the fact that that's how that's how we
6:13
Speaker 1: deny ourselves on a lot of opportunities because we feel
6:16
Speaker 1: I can't do that, that's not me. I can't live
6:17
Speaker 1: in that neighborhood, or I never live in that neighborhood,
6:20
Speaker 1: or I'll never be associated with those type of people.
6:22
Speaker 1: And that's what you were saying earlier, were talking about
6:24
Speaker 1: the mindset. Yes, yes, and we do that so much
6:29
Speaker 1: even when him I think, so, I have a school now,
6:32
Speaker 1: and I know we're fast forwarding. I'm jumping, but jump
6:36
Speaker 1: you jump past the quick your job, You jumped past
6:39
Speaker 1: the side hustle, you jumped, you dumped path to travel
6:42
Speaker 1: the world. I don't know. Are you trying to take
6:44
Speaker 1: all my interview? You knows I need I need to
6:47
Speaker 1: be told here. Okay, let's go back to the side. Yes, okay,
6:54
Speaker 1: we have so much I want to tell you. But
6:59
Speaker 1: so what happened was I had this knowledge from Wall Street,
7:03
Speaker 1: but I went into education around for about ten years.
7:05
Speaker 1: But because I still knew how to invest, I started
7:08
Speaker 1: using it as a side hustle to supplement my income.
7:11
Speaker 1: And the big thing for me was I didn't need
7:15
Speaker 1: a lot because as an educator, my salary wasn't that big.
7:18
Speaker 1: So for me to even replace my whole salary was
7:21
Speaker 1: just three hundred dollars a day. So yeah, So when
7:25
Speaker 1: I decided that I'm actually gonna I'm not happy here, like,
7:28
Speaker 1: I got really stressed out. I wasn't having a good
7:31
Speaker 1: time to my job, and I needed an exit strategy.
7:34
Speaker 1: When I decided that, you know what, I need to leave,
7:36
Speaker 1: it was really just, okay, what is my freedom number? Well,
7:39
Speaker 1: my freedom number is just three hundred dollars a day.
7:42
Speaker 1: If I could just make three hundred dollars a day,
7:44
Speaker 1: I'll be good. And I started learning how to do
7:46
Speaker 1: that with stocks, and I worked myself up. At first,
7:49
Speaker 1: it was okay, let me just be positive. Then it
7:52
Speaker 1: was okay, let me make a hundred dollars a day,
7:54
Speaker 1: two hundred, and then when I started hitting that three
7:56
Speaker 1: hundred dollars, I was like, oh, I'm out of here.
7:59
Speaker 1: You know, I started walking them up different, But I went,
8:02
Speaker 1: y'all want to say something crazy to me today because
8:05
Speaker 1: I can leave? Hey, Terry, Terry, how's that? How's that?
8:10
Speaker 1: How's that? Walking a little different? Look if the people
8:13
Speaker 1: notice you were walking different in the break room with
8:15
Speaker 1: different sets of food and everything we did, and you thought,
8:19
Speaker 1: what's crazy? Is I think my bosses could tell that
8:22
Speaker 1: I was walking different. I even had a meeting one
8:25
Speaker 1: time and it was like four of my bosses. I
8:27
Speaker 1: don't know why I had so many bosses in education,
8:29
Speaker 1: but it was. It was crazy. And they even asked
8:32
Speaker 1: me in a meeting like are you thinking about leaving?
8:35
Speaker 1: And like the whole like their hold demeanor towards me chained.
8:38
Speaker 1: All of a sudden, they started trying to like hold
8:41
Speaker 1: me down. Isn't that really crazy? How people will not
8:45
Speaker 1: uplift you when they see you can do better. You know,
8:48
Speaker 1: but they'll tell you but they're cool with you as
8:51
Speaker 1: long as they feel that you they're equal. But when
8:53
Speaker 1: they see you in a position to do better, then
8:56
Speaker 1: they want to hold you back or contradict you a
8:59
Speaker 1: question your motives as to why you're still at this job,
9:03
Speaker 1: and go and start damping your start, you know, start
9:06
Speaker 1: damaging your reputation. It's really sad what people will do.
9:09
Speaker 1: I remember when I quit IBM, I thought I was
9:11
Speaker 1: the greatest employee ever at IBM. I really did. I thought.
9:15
Speaker 1: I thought when I left, IBM was shut down. I
9:18
Speaker 1: thought I was that great. When I told my supervisor
9:21
Speaker 1: that I was resigning to go tell do stand up comedy,
9:25
Speaker 1: he said, wait right here. He when he got security,
9:30
Speaker 1: He when he got security, walked me out. Don't go,
9:33
Speaker 1: don't go near your desk. Don't go near your desk. Well,
9:36
Speaker 1: we'll send you your stuff, because that's how life is.
9:40
Speaker 1: That's why I tell people, follow your dreams, follow you
9:44
Speaker 1: because what you may think there is and there's nothing negative.
9:47
Speaker 1: All companies do that. I do that to my company.
9:49
Speaker 1: You gotta protect your secrets. You You just can't have
9:51
Speaker 1: an employee who doesn't have respect for what you're doing.
9:54
Speaker 1: Just walk around the office and just start picking up stuff,
9:57
Speaker 1: because they might pick up the wrong thing. It might
9:59
Speaker 1: take a take something with you that you probably need
10:01
Speaker 1: to have to bring them back in and ask for it.
10:04
Speaker 1: So so I know exactly what you were talking about.
10:06
Speaker 1: And when I tell that story, it's just a story
10:08
Speaker 1: I gotta tell to everybody to know that, you know,
10:11
Speaker 1: your value can be perceived based on what they need
10:15
Speaker 1: from you. That's anybody. Yeah, yeah, And so you start
10:19
Speaker 1: doing better now these four people staying that you're talking
10:22
Speaker 1: about mm hmm yep. And I wanted to actually go
10:27
Speaker 1: take an invest in class like it during while I
10:29
Speaker 1: was assistant principle. I'm still doing my job, like they
10:32
Speaker 1: couldn't even deny that yet, You're meeting all the objectives
10:35
Speaker 1: on your resume. But when I asked them, can I
10:38
Speaker 1: just take off a few days to go take this
10:40
Speaker 1: investing class? Do you know? One of the bosses came
10:42
Speaker 1: to my office and he said, looked, Terry, I just
10:44
Speaker 1: need to let you know if you go and take
10:47
Speaker 1: that class, they will fire you. And I was like, what,
10:50
Speaker 1: because you would think like being able to invest that
10:53
Speaker 1: problem solving, that's being able to make quick decisions like
10:56
Speaker 1: these are skill sets that I could be helping my company,
10:59
Speaker 1: but it's building me steel sad. But no, they were
11:03
Speaker 1: threatened by it, which was really really sad. Right because
11:08
Speaker 1: of the fact that you were engaging in an opportunity
11:10
Speaker 1: that they couldn't participate in. And what were saying is,
11:14
Speaker 1: believe me, they're good people that she's talking about, but
11:17
Speaker 1: they're just caught up in their their dreams. You can't
11:19
Speaker 1: let their dreams become your dreams. And that's what was
11:22
Speaker 1: happening in your life. You are You had a mindset
11:25
Speaker 1: that you know you couldn't do the Wall Street thing,
11:28
Speaker 1: so you settled back. But you always above them. You
11:31
Speaker 1: are always above them, Terry, and a lot of people
11:33
Speaker 1: don't understand that that you know, you can walk or lifestyle,
11:38
Speaker 1: but it cannot be your lifestyle if you're not committed.
11:41
Speaker 1: And after that, but that's what started to happen. You know,
11:43
Speaker 1: you're going, you know, somebody to do better. And then
11:45
Speaker 1: when people start seeing you do better, they started questioning
11:47
Speaker 1: your commitment. Yes, yes, and you know what's go I'm
11:54
Speaker 1: about to say. Then that's when we had to exit
11:56
Speaker 1: right there. That's when we started traveling the world, beginning
11:59
Speaker 1: full time investment, and Terry becomes an education and coaching
12:03
Speaker 1: on how to invest in the stock markets. I'm fast
12:06
Speaker 1: forward you now. I'm moving you forward now because we
12:09
Speaker 1: got the reality of what I needed the people on
12:12
Speaker 1: my shoulder here is that you gotta change your mindset.
12:15
Speaker 1: You gotta believe in yourself. And when you start believing yourself,
12:18
Speaker 1: people will question you, a challenge your motivation for change,
12:22
Speaker 1: personal change. You gotta look past that those challenges and
12:27
Speaker 1: stick with your plan. And then she went, you know something,
12:30
Speaker 1: I'm making three hundred dollars a day. That's what I make.
12:32
Speaker 1: Kid walking around with these four people staring at me
12:34
Speaker 1: every day. I'm just gonna take my love, my little
12:37
Speaker 1: three hundred plus because she she's a little bit above
12:40
Speaker 1: the three hundred days, because she hugging as long as
12:43
Speaker 1: she could. Just what I did. I told jokes as
12:46
Speaker 1: long as I could, and I be m Then I realized,
12:47
Speaker 1: you know something, I can't do this no more. I
12:50
Speaker 1: gotta go live my dreams. So where did you go
12:52
Speaker 1: first when you start traveling the world, Terry? So I
12:57
Speaker 1: quit and South Korea, and then I went then did
13:02
Speaker 1: Nam and I stayed in all these places like a
13:04
Speaker 1: month at a time. Best life. Oh my goodness, this
13:10
Speaker 1: is wonderful. So so I'm talking to Terry, you know more,
13:15
Speaker 1: and she's talking about that messed up the time, e
13:19
Speaker 1: g oma, excuse me, there we go, Terry e g om.
13:22
Speaker 1: There we go, Obama. I gotta keep that Oma the
13:25
Speaker 1: Obama Terry e Oma. Okay, we're all good there. But
13:30
Speaker 1: she's talking about her life, her career, how to how
13:33
Speaker 1: to overcome the odds and become a person that in
13:36
Speaker 1: my tea grad. You know, she just lived that past.
13:39
Speaker 1: But I had to bring her back. See what I
13:40
Speaker 1: gotta do on my show with Terry is realized and
13:42
Speaker 1: remind her how great she is. Because sometimes when you
13:44
Speaker 1: accomplished things like Terry you could, it becomes so simple,
13:47
Speaker 1: it's so regular that she had talked about it, don't
13:49
Speaker 1: realize that those great moments need to be amplified. And
13:53
Speaker 1: that's what we do with money making shows, money making conversations.
13:55
Speaker 1: I amplify success. I amplify the opportunity to tell people
14:00
Speaker 1: why you are great. Because when you come on Money
14:01
Speaker 1: Making Conversation, you're here to give people information. Now tell
14:04
Speaker 1: you when you come back, you're gonna we're gonna talk
14:06
Speaker 1: about this course that you created. Correct, It's finally here
14:10
Speaker 1: the season of celebration, and no matter how you celebrate
14:13
Speaker 1: with family and friends, whether you're preparing for Reis Magos
14:17
Speaker 1: or Karamu lighting, the Manura are going to midnight mass.
14:20
Speaker 1: Coals has just what you need to make those traditions special.
14:24
Speaker 1: Plus you'll find gifts for all your loved ones. Send
14:27
Speaker 1: warm wishes with cozy fleeces, sweaters, loungeware, blankets and throws.
14:32
Speaker 1: Support minority owned or founded brands by giving gifts from
14:36
Speaker 1: Human Nation and shame moisture, or treat them to everyone's
14:39
Speaker 1: favorite active wear from top brands like Nike, Adidas, and
14:43
Speaker 1: under Armor. And in the spirit of giving, Coals Cares
14:47
Speaker 1: is donating eight million dollars to local nonprofits nationwide committed
14:51
Speaker 1: to the health and well being of our communities. No
14:54
Speaker 1: matter how you celebrate, when you shop at Coals, you're
14:57
Speaker 1: right where you belong. So this season, give with all
15:00
Speaker 1: your heart with great gifts from Coals or coals dot Com.
15:04
Speaker 1: Whether your event needed one room or an entire conference center,
15:08
Speaker 1: hoppin has revolutionized the way people come together. With hoppin,
15:12
Speaker 1: you can host a fully fledged digital meet up, complete
15:15
Speaker 1: with one on one meetings, hands on sessions, and expo booths.
15:18
Speaker 1: And because everything is hosted in a single, easy to
15:21
Speaker 1: use platform, it can be as big or small as
15:24
Speaker 1: you want. Remain convenient for anyone who wants to attend
15:27
Speaker 1: and give you access to data you never would have
15:29
Speaker 1: known otherwise. Visit hoppin dot com to learn more and
15:33
Speaker 1: get started. Still living in and manually taking notes, start
15:37
Speaker 1: the new year with auto dot ai to generate automatic
15:40
Speaker 1: notes for meetings, interviews, or lectures. With auto dot ai,
15:44
Speaker 1: you can search the meeting notes, insert images, playback the audio,
15:47
Speaker 1: and share them with your friends or coworkers. You can
15:49
Speaker 1: capture action items, remember meeting details, and keep everyone informed.
15:53
Speaker 1: Auto dot ai works for in person or virtual meetings
15:56
Speaker 1: like Zoom, Microsoft Teams, and Google meet. Sign up for
16:00
Speaker 1: auto dit ai or download the app for free auto
16:03
Speaker 1: dot ai. That's O T T E R dot ai. Okay,
16:07
Speaker 1: that sounds good, awesome. We'll be right back with more
16:09
Speaker 1: money making conversations. Mcgara, Terry em Hi. This is R
16:14
Speaker 1: Sean McDonald and you're listening to money making conversations on
16:17
Speaker 1: the phone. Is Terry e g Oma. She is an
16:20
Speaker 1: investment shock. She does that for a living degree from
16:24
Speaker 1: M I T. She travels the world and the most
16:27
Speaker 1: importantly she's following her dreams. So Terry, tell us what
16:30
Speaker 1: you're involved in right now? So now I have of
16:34
Speaker 1: course that teaches people how to trade, and our goal
16:38
Speaker 1: is to help one thousand people to make a thousand
16:40
Speaker 1: dollars in a day. So we call it the million
16:42
Speaker 1: dollars a Day campaign because we're just thinking, if we
16:45
Speaker 1: teach a thousand people to make a thousand dollars in
16:47
Speaker 1: a day, that's a million dollars a day, and then
16:50
Speaker 1: that's in our communities. Like what kind of impact could
16:53
Speaker 1: we have if we're generating a million dollars a day?
16:56
Speaker 1: Like we could change so many things, from the school
16:59
Speaker 1: system to health care to mental health, Like so many
17:02
Speaker 1: things could be impacted by us learning how to generate
17:05
Speaker 1: our own income. So that's what we're doing right now
17:08
Speaker 1: in our trade and travel program. Okay, when you say
17:10
Speaker 1: the word us, I'm just talking to you. Who is us?
17:15
Speaker 1: Well me, but I think of all the people that
17:18
Speaker 1: like all of my students, as is my family. So
17:20
Speaker 1: I'm thinking us, like we have or we have over
17:24
Speaker 1: eleven hundred students now and they're they're everywhere there doctor's
17:29
Speaker 1: lawyer's principle, and so I'm teaching them how to make
17:32
Speaker 1: a thousand dollars in a day, and they're doing it
17:35
Speaker 1: like they are killing the game, Like even right now
17:38
Speaker 1: with the market following, they're making money. Like literally they're
17:42
Speaker 1: sending me texting us to do even today. That's like Terry,
17:45
Speaker 1: in the first thirty minutes of the market, I've made
17:47
Speaker 1: my two thousand, I'm done for the week. I'm like,
17:49
Speaker 1: they're they are killing the game. So that's what that's
17:53
Speaker 1: what I'm working on right now, just changing the narrative
17:55
Speaker 1: by helping us generate income for ourselves. Okay, how do
17:59
Speaker 1: I Shwan mcdollar, Because I'm gonna tell you something. I
18:02
Speaker 1: could never have enough money. You know what I'm saying.
18:04
Speaker 1: I need I just Shan McDon or somebody like with
18:08
Speaker 1: shall oh somebody not like with Shan mcdonne. Get involved
18:10
Speaker 1: with your program because it tells me here you have
18:13
Speaker 1: four main topics, right, yes, so be so in my
18:18
Speaker 1: program is in trade and travel. There's four big areas.
18:22
Speaker 1: The first one is you gotta learn how to pick
18:24
Speaker 1: good companies, and like that's crucial. What I see a
18:26
Speaker 1: lot of people doing is they say, well, I don't
18:28
Speaker 1: have a lot of money, so I'm gonna go pick
18:30
Speaker 1: up penny stocks. That is the worst thing you can
18:32
Speaker 1: ever do. If you're really wanting to make good income,
18:35
Speaker 1: you have to pick value companies that are healthy that
18:38
Speaker 1: you know will be around for a while, so like
18:41
Speaker 1: we really really want to go with healthy companies. Then
18:44
Speaker 1: we go into risk management, like one of what I've
18:47
Speaker 1: been trading for a long time now, but in my
18:49
Speaker 1: first six years I would make a little bit and
18:51
Speaker 1: then lose a lot and then make a little bit.
18:53
Speaker 1: So you can't you can't be successful like that. You
18:56
Speaker 1: have to have some type of risk management planning to
18:58
Speaker 1: protect yourself from moving, and just so many ways to
19:01
Speaker 1: do that. We just don't know. No one's taught us.
19:04
Speaker 1: Like there's order types like stop blocks orders, and there's
19:07
Speaker 1: ways to calculate your quantity side, Like sometimes we get
19:10
Speaker 1: so we think that our our trade is gonna make
19:13
Speaker 1: us reach tomorrow, so we just buy all the shares
19:16
Speaker 1: and then it's like, wait, it didn't work out. Now
19:18
Speaker 1: I'm broke. That's all that's part of recent management. So
19:22
Speaker 1: we teach risk management, and then the next thing I
19:25
Speaker 1: teach is in charting. So in order to figure out
19:29
Speaker 1: the best time to get in or out of a stock,
19:31
Speaker 1: you have to learn how to read a chart. That's
19:34
Speaker 1: another thing that I see Novice investors like skipping, so
19:37
Speaker 1: they'll find a company they like and then they'll get
19:40
Speaker 1: in at any price. But then they realize that, oh man,
19:43
Speaker 1: I just got in at the highs and now it's
19:44
Speaker 1: going against me and I'm losing money. Knowing what price
19:48
Speaker 1: to get into a stock is determined by reading charts.
19:51
Speaker 1: So I teach people how to read a stock chart,
19:54
Speaker 1: and then we go into a trading plan, because in
19:56
Speaker 1: order to have consistency, you need a consistent plan. Like
19:59
Speaker 1: every every time I trade a trade, I do seven steps,
20:02
Speaker 1: and that's what I keep. I keep my seven steps strategy.
20:05
Speaker 1: Like if you do those seven steps every time, you
20:07
Speaker 1: can get consistency. Like that's how I made it three
20:10
Speaker 1: hundred dollars a day. That's how I've now grown to
20:12
Speaker 1: Oh well, I've grown over a hundred thousand dollars in
20:15
Speaker 1: a day. But I grew to a thousand dollars in
20:17
Speaker 1: a day. And then continue. Now, one thing I hear,
20:24
Speaker 1: because say Rushan McDonald wants to jump in, I can't
20:27
Speaker 1: jump in with a part time mentality. This has to
20:30
Speaker 1: be a commitment. Correct it does. Now, let me let
20:35
Speaker 1: me make one correction. Though some people feel like I'm
20:38
Speaker 1: just gonna be staring in front of a screen and
20:40
Speaker 1: it takes all day. It does not take all day,
20:42
Speaker 1: like you can trade within two to four hours a day,
20:45
Speaker 1: Like you don't need all day to make your money.
20:48
Speaker 1: Um And and what makes that less time is a chart.
20:52
Speaker 1: When you learn how to read the charts, it takes
20:54
Speaker 1: less time. But yes, it should be something that you're
20:57
Speaker 1: committed to. You don't want to have like one ft
20:59
Speaker 1: in and down right I'm talking about. What I'm saying
21:05
Speaker 1: is that is that Okay, the worst part about a
21:08
Speaker 1: person like me or a person who here's your story.
21:11
Speaker 1: Oh I want to make a thousand dollars day. Okay, Okay,
21:14
Speaker 1: Now there's homework. Like you said, there are steps. You
21:17
Speaker 1: gotta learn how to read your charts so you can't
21:20
Speaker 1: come back screaming that tearry going. It didn't work for me.
21:23
Speaker 1: Okay what kind of work did you put in though?
21:25
Speaker 1: Did you think this was just gonna be Because a
21:27
Speaker 1: lot of people want to have that lottery mentality, They
21:29
Speaker 1: want to put their pick their numbers and win. And
21:33
Speaker 1: I always tell people all the time, people who are
21:34
Speaker 1: in the lottery, they put in a lottery, a lot
21:37
Speaker 1: they were just walking there on the day to numbers
21:39
Speaker 1: high and everybody's standing in the line to get it.
21:42
Speaker 1: These people play all the time, and so it's the
21:45
Speaker 1: same thing with stock. You have to be committed all
21:49
Speaker 1: the time. Now, how much time you give it's up
21:52
Speaker 1: to you, but you still have to be consistent with it.
21:54
Speaker 1: And that's the story you're telling on my show today. Correct. Yes,
21:58
Speaker 1: it's like learning a new language. You don't just all
22:01
Speaker 1: of a sudden become fluent. Like no, you gotta learn
22:03
Speaker 1: the alphabet. You have to learn sentences, practice. It takes
22:07
Speaker 1: time and practice, and then you become fluent. It's just
22:10
Speaker 1: the same way learning to trade. I compare it to
22:13
Speaker 1: like learning a new language. And then once you know
22:15
Speaker 1: the language, you don't have to use it all the time.
22:17
Speaker 1: You can pick and choose when you decide to trade,
22:20
Speaker 1: but at least you know the skill set and you
22:23
Speaker 1: can have that forever, which is nice, which is really funny.
22:26
Speaker 1: I really love the fact that when I'm talking to you,
22:29
Speaker 1: there's an energy in your voice, which means they're you're
22:31
Speaker 1: still enthusied about providing this information to people and making
22:35
Speaker 1: them successful. That's really that's it is that the education
22:38
Speaker 1: is that the education part of you just still hanging
22:40
Speaker 1: in there. You know you're right, Like sometimes be being
22:45
Speaker 1: an entrepreneur in general can be kind of training, like
22:48
Speaker 1: we all know, like it takes a lot to a
22:50
Speaker 1: lot of effort, a lot of energy to be able
22:53
Speaker 1: to just provide any service. But I just get excited. Boy,
22:56
Speaker 1: my students like waking up today knowing that they can
22:59
Speaker 1: provide their families even during layoffs and coronavirus time because
23:04
Speaker 1: they have the skill set or they're not worried, and
23:08
Speaker 1: like they don't feel helpless when the market falls because
23:10
Speaker 1: they know how to control their bundy. Like knowing that
23:13
Speaker 1: that kind of life changing like transformations are happening gets
23:18
Speaker 1: me excited. I still I still love what I do well.
23:22
Speaker 1: I can tell in your voice. And now that's important
23:24
Speaker 1: that I make that translation obvious to everybody who's listeners,
23:28
Speaker 1: that you really want to be in people who who
23:30
Speaker 1: will give you information and they have passion tied to it,
23:33
Speaker 1: and they have love tied to it, and they have enthusiasms.
23:35
Speaker 1: Because there's a lot of people out that they give
23:37
Speaker 1: you information, but it's just a job to them, it's
23:40
Speaker 1: just a job. They just they want you to invest
23:43
Speaker 1: in their idea and then they want to get that
23:45
Speaker 1: little money that you used to invest in their idea,
23:47
Speaker 1: and that's it. And I hear a certain, a certain
23:51
Speaker 1: youthfulness in being able to say, you know something, you
23:55
Speaker 1: can be met and that and it's not impossible. Well see,
23:58
Speaker 1: I know I can't be warm Buffett. I know I
24:01
Speaker 1: can't do that person. He's so far ahead of the
24:03
Speaker 1: food change is ridiculous. But I can be terry em
24:08
Speaker 1: If you can, you can, And I want you to,
24:11
Speaker 1: like that's the key, Like I want other people to
24:13
Speaker 1: be like me. I want you to be able to
24:15
Speaker 1: have freedom, even if you don't want to quit your job,
24:17
Speaker 1: but at least you have the money on the side
24:19
Speaker 1: that you know that no one else thinks control. You know,
24:23
Speaker 1: if you don't want to travel, that's cool, but you
24:25
Speaker 1: know you could if you wanted to. Like you can
24:26
Speaker 1: pay off your student loans. I've paid off my student loans,
24:29
Speaker 1: I've paid off my mortgage, like all these things like
24:33
Speaker 1: that kind of reality and freedom you can get from
24:36
Speaker 1: trading stocks. And I think that's the key. I want
24:39
Speaker 1: to just change the narrative. So many people think it's
24:41
Speaker 1: just like a long term wait till I retired, but no,
24:44
Speaker 1: you could use the money right now to do whatever
24:47
Speaker 1: you want to do. Okay, before we I know the
24:49
Speaker 1: interview is gonna come to the end, I want you
24:51
Speaker 1: to go over this webinar series called Power one million,
24:55
Speaker 1: and you're currently hosting a thousand dollars in the Day
24:58
Speaker 1: campaign and those four in parts again and also how
25:01
Speaker 1: they can be a part of it. Sure. So first,
25:06
Speaker 1: if anybody wants to learn how I make a thousand
25:08
Speaker 1: dollars in a day, the best website is I Trade
25:11
Speaker 1: in Travel dot com. So that's I Trade and Travel
25:16
Speaker 1: dot com. And there's free webinar there you can learn
25:19
Speaker 1: like my four key points that I talked about today,
25:22
Speaker 1: So go to I Trade and Travel dot com and
25:25
Speaker 1: stick out the webinar. But the campaign, the million dollars
25:29
Speaker 1: a Day campaign, is we're teaching a thousand people to
25:31
Speaker 1: make a thousand dollars in a day. And there's three
25:34
Speaker 1: ways you can get involved. Like one, join my course
25:36
Speaker 1: and learn for yourself so that you're one of the
25:39
Speaker 1: thousands to learn how to make your own money. And
25:42
Speaker 1: and the key is how much money you make will
25:45
Speaker 1: be determined to how much you're investing. So I don't
25:48
Speaker 1: want everyone to think like, well, I'm gonna start with
25:50
Speaker 1: five hundred dollars and then just make um a thousand,
25:54
Speaker 1: because like, my goal actually is for you to make
25:56
Speaker 1: one percent of your cash amount a day. So even
25:58
Speaker 1: if that's you're investing two thousand dollars and you make
26:01
Speaker 1: your twention dollars a day, that's still good money. That's
26:03
Speaker 1: a hundred extra dollars a week. That's four hundred dollars
26:07
Speaker 1: a month. That's twenty percent in return, which is better
26:09
Speaker 1: than the market. Right, So we're taking we're doing small,
26:13
Speaker 1: small chunk, small attainable goals. So like that's our goals.
26:17
Speaker 1: The first you can join the course, you can learn
26:19
Speaker 1: how to make your money work for you yourself. The
26:22
Speaker 1: second thing you could do to be part of a
26:23
Speaker 1: million dollars a day is tell someone else. So if
26:26
Speaker 1: maybe you don't want to invest, but you know your
26:28
Speaker 1: son does, or your nephew or someone that like women,
26:32
Speaker 1: I'm of course I'm a woman, so I'm always gonna
26:34
Speaker 1: be advocating your your wife, your sister, your daughter, or
26:37
Speaker 1: your aunt, um, like make sure that you can also
26:42
Speaker 1: buy the course for them so they can learn how
26:44
Speaker 1: to trade. And then the last thing is sponsor a students.
26:48
Speaker 1: So one of the things that I absolutely love about
26:50
Speaker 1: my course is that any age group can take it.
26:53
Speaker 1: They's either like I have people in retirement getting ready
26:56
Speaker 1: to retire. They're learning to trade so that they can retire.
27:00
Speaker 1: People in there like thirty supporties. They're like me with
27:02
Speaker 1: the side umps. I just want to do something different.
27:05
Speaker 1: They have some savings in their account. Or you could
27:07
Speaker 1: go to the high school and college. Remember I was
27:10
Speaker 1: in high school when I first learned, and I just
27:12
Speaker 1: I wish that someone knew how to do it back then,
27:16
Speaker 1: to sponsor someone. But those are some ways you to
27:18
Speaker 1: get involved with a million dollars a thing. Well, you know,
27:21
Speaker 1: the thing about it is that I, you know, two thousand,
27:25
Speaker 1: I invested into stock. I you know, I was and
27:29
Speaker 1: I went with the theory of go for your shop
27:32
Speaker 1: and I went to home. I shopped at home depot,
27:35
Speaker 1: I shopped at I bought Microsoft, I bought Intail, you know,
27:39
Speaker 1: I bought um, you know, a oil. At the time,
27:42
Speaker 1: we all know that wasn't a good bye. But but
27:45
Speaker 1: thee did pretty good, pretty good. You know, I was
27:49
Speaker 1: rocking now, I was rocking now, you know. But but
27:52
Speaker 1: but that was that was a good theory because the
27:54
Speaker 1: fact that a lot of times if you if you're
27:56
Speaker 1: supporting it, then that's a good idea that you maybe
28:00
Speaker 1: that might be what you should put your money. So,
28:02
Speaker 1: so when you look at your course, how does your
28:04
Speaker 1: course differ from other investing courses? Terry? So there's, yeah,
28:10
Speaker 1: there's a couple of things. One, so I agree with
28:13
Speaker 1: you that it's good to invest in companies that are
28:16
Speaker 1: that you're familiar with. But a lot of times that's
28:18
Speaker 1: called trend trading. A trend trader will just get into
28:22
Speaker 1: a stock that they're familiar with and then like kind
28:25
Speaker 1: of let it go like a buying hole. But I
28:28
Speaker 1: have found though, if there's some companies that we are
28:30
Speaker 1: part of that are not good company to investing. So
28:33
Speaker 1: for example, like Forward, I had a Forward car forever,
28:37
Speaker 1: but the stock was not a good stock to investing.
28:40
Speaker 1: So the difference is like learning how to do that
28:43
Speaker 1: technical analysis piece, learning how to actually time your trades correctly,
28:47
Speaker 1: learning that risk management piece. Those are key things that
28:51
Speaker 1: are different in my course than other courses. Wow and
28:55
Speaker 1: then yeah, now now, so so that's the I'm doing
28:59
Speaker 1: something you hit me dead on, Okay, because of the
29:01
Speaker 1: fact that I didn't do any education. I'm just going
29:04
Speaker 1: out to hearing rumors theories. You know, invest on where
29:08
Speaker 1: you eat, invest on where your shop, invest on where
29:11
Speaker 1: you work. Those are simple theories that have no relevancy
29:14
Speaker 1: to the bigger picture. Like you said, I was a
29:16
Speaker 1: trend investor and I hadn't. I wasn't watching any charts.
29:21
Speaker 1: You know. I would watch the news and go, oh,
29:23
Speaker 1: Bam books. Let me go buy Bam books. That's hot
29:26
Speaker 1: right now. Oh a O. L that the That is
29:29
Speaker 1: the quickest way to lose money. Because a lot of
29:31
Speaker 1: times when we hear about a company, it's already high,
29:35
Speaker 1: so it's right about the fall by the time we
29:37
Speaker 1: actually hear about it. And that's gonna worry about the money. See,
29:40
Speaker 1: I was an investor, and you're telling me, Rashwan, you
29:43
Speaker 1: cannot be an investor. Come over to you and you
29:46
Speaker 1: will be an investor that has information, knowledge, a plan
29:49
Speaker 1: of action, and a plan of action that can help
29:52
Speaker 1: you win. Terry, you're amazing. Thank you for coming. We
29:59
Speaker 1: get everything in because I want to make sure it
30:01
Speaker 1: goes because you in the beginning you win. I want
30:03
Speaker 1: to talk about I want to make sure I got
30:05
Speaker 1: it all in because that's what money making conversations all about.
30:08
Speaker 1: I want to make sure my gifts leave happy. We
30:12
Speaker 1: got it all in and if I think honestly, it's
30:15
Speaker 1: just that changing changing the narrative be a part of
30:18
Speaker 1: changing the narrative for our community. Awesome, thank you for
30:22
Speaker 1: coming on Money Making Conversation and also send me some bandages.
30:24
Speaker 1: I can proport you on my social media and then
30:26
Speaker 1: my fan club. If you want to hear more episodes
30:29
Speaker 1: of money Making Conversations, please go to money Making Conversation
30:31
Speaker 1: dot com. I'm Sean McDonald. I'm your host. In this
30:36
Speaker 1: season of giving, Cools has gifts for all your loved ones.
30:39
Speaker 1: For those who like to keep it cozy, find fleeces, sweaters, loungeware,
30:43
Speaker 1: blankets and throws. Or support minority owned or founded brands
30:47
Speaker 1: by giving gifts from Human Nation and Shame Moisture and
30:51
Speaker 1: in the spirit of giving, Coals Cares is donating eight
30:54
Speaker 1: million dollars to local nonprofits nationwide. Give with all your
30:58
Speaker 1: heart this season with great gifts from Coals or Coals
31:01
Speaker 1: dot Com. Still living in one manually taking notes, there
31:05
Speaker 1: is a better way to start the new year with
31:06
Speaker 1: auto dot AI automatically get meeting notes. Auto dot ai
31:10
Speaker 1: works for virtual meetings like Zoom, Microsoft Teams, and Google Meet.
31:13
Speaker 1: Sign up on the web for free or download in
31:15
Speaker 1: the app stores auto dot ai. That's O T T
31:17
Speaker 1: E R dot ai, sticky notes, email alerts, a string
31:22
Speaker 1: around your finger. They're just not big enough. So here's
31:25
Speaker 1: a big reminder from the California Lottery. Tomorrow's megamillions, jack
31:28
Speaker 1: potties three million play now, Please play responsibly. Must be
31:32
Speaker 1: eighteen years older to purchase player Bion