This is Why Working with Your Family is BEST

Our nation has bought into a new way of thinking regarding business. We have strayed away from the business principles that were followed when our nation was founded. These new principles do not create the potential for generational wealth.

The Wrong Way:
We’ve been taught to send our children off to college to learn to do something that no one in the family has ever done, to be taught by people who don’t love them, then go and work in a corporation for someone who doesn’t love them. In fact, most managers do not want you to become more successful than they are, so they are not willing to teach you everything they know. When we spend so much time learning a new skill set and working for someone else, we have very little to show for a lifetime of work.
The Wealth Building Way:
This country was founded on family businesses. We should save enough to start a family business, then we can begin to teach our children the skill sets that we learned. They will have their own bright ideas to combine with our original ideas. They will then teach those to the third generation, and each new generation can combine their talents and ideas to create a successful business with a competitive edge. That is what will create the potential for generational wealth.
We should not blindly follow what society now accepts as normal. We need to use a tried and true format that has the potential to create generational wealth for our families.

How To Know When It’s Time To Take An Expense

Many people have difficulty admitting when they are wrong. Trading is an area in which you must become comfortable with admitting when you’ve made a mistake. If you deny that you are wrong and choose to stay in a trade that is not going the way you expected, you risk creating a much bigger expense.

Expenses happen. Take a deep breath, and remember these three things when you find that you were wrong about a stock.
  • Stick with the system. What we want you to do in order to keep with the TRADEway system is to have small expenses. So trade based on lines. Trade based on moving averages. Trade based on the system you have been taught.
  • Be honest with yourself. If your original premise for doing the trade is broken, then don’t convince yourself that something else might work. When that plan is no longer working, have the integrity to go ahead and stop out of that trade. Take the small expense.
  • Get ready for the next trade. It might be difficult to dwell on your mistakes, but take time to analyze the trade and determine how you can avoid a similar situation. View the expense as a learning experience.
Don’t allow pride to affect your trading outcomes. Be ready and willing to admit when you are wrong. Allow each experience to provide you with knowledge that will improve your skills and ultimately lead to the potential for greater success.

Leveraging Others- Reaping Where Thou Hast Not Sown

What is it that wealthy people do that seems to free up their time while they still have the ability to make money? It’s called leverage. Leverage means to use something to the maximum advantage. You can leverage things you already have access to in order to create a greater potential for wealth building.

Leverage the use of a computer.
A computer can do work for you, so that you can free up time. You can use various programs and techniques that help you accomplish a job without being physically tied to a computer every hour of the day.
Leverage the use of your money.
You can use your money to make more money. This is a concept we teach at TRADEway. Instead of working for your money, you could make your money work for you. Many people think it takes a lot of money to actually become successful and wealthy, but that is simply not true.
Leverage people. 
That might sound bad, but it’s not. Whenever you hire someone to help you in a business, you’re leveraging them. You’re also giving them a job and a way to make an income, but at the same time, you’re freeing up your own time by leveraging someone else’s.
If you do not own your own business, leverage people by learning from them. Look for ways that other people can help you speed up your learning. Leverage the effort and the knowledge of people who are already where you want to be. Find a mentor. Leverage the use of someone who can teach you the fast tracks to the places you want to go.
Do you want to free up your time and still have the ability to make money? Find a way to leverage your computer, your money and people. Leverage us at TRADEway. That’s one of our favorite things for our students to do. Take advantage of the leverage that we can provide for you by showing you the shortcuts to learning how to trade.

Physical vs. Artificial: Two Types of Metals Investing

I talk with a lot of precious metals investors who come into buying gold and silver excited about applying some of the short term trading concepts that we talk about at most of our TRADEway events, to gold and silver. They’re excited about taking advantage of the upside potential that they hear about all the time, whether it’s on a radio show, TV commercials, or anything on TV.

Here at TRADEway, we like to put a little bit of a different spin on it. We like to divide precious metals into two different categories and then apply certain trading mindsets or concepts to those categories.
Physical Gold and Silver
Physical gold and silver includes bars, coins, and things like that. Our TradeWay precious metals division puts most of its emphasis on how to utilize those kinds of investments to preserve the money that you’ve worked hard for, that you’re saving to pass down to the next generation, whether that’s an inheritance or just preserving some of your funds within a portfolio. That’s what physical gold and silver is used for.
We show you how to be cost effective when buying coins and bars. We talk about “hyper-longterm investing”. It’s a funny sounding concept, but it’s something that we’ve been utilizing within our family for three generations and we teach you exactly how to do that in the precious metals course that we offer.
Artificial Precious Metals
There is another category of precious metals investing as well, “artificial precious metals”. This includes gold and silver shares that you can invest in, on the comex or the commodities exchange. That would include gold and silver ETFs, gold and silver stocks, mining stocks, things like that. It provides you a way to be exposed to the precious metals market but apply short term trading concepts without having to compromise the more long term trading concepts that we teach when it comes to buying the physical gold and silver.
If that’s more of what you’re interested in doing, you may think about more of the artificial side of things. Whether that’s the GLD ETF, SIVR, which are a couple of the ETFs for gold and silver, and then of course, there’s gold and silver stocks, mining stocks, and in some cases, depending on the trading platform that you use, you can purchase shares of gold and silver from the commodity exchange and trade them more in the short term in that regard.
Keep that in mind. If you’re an excited precious metals investor, coming in and wanting to take advantage of that upside potential, think about dividing them into those categories and applying certain long term trading mindsets, or concepts, to the physical side of things and then more short term concepts to the artificial.

Wealth and Spirituality

he minute you start to bring wealth into a Christian family, Satan hates it, because he loves poverty. There are many preachers who have taught that it is spiritual to be poor. This misconception comes from verses that are taken out of context, and it permeates our thinking. It causes us to feel guilty or unspiritual when we talk about building wealth for our families. Throughout the Bible we see wealthy people and entrepreneurs.

In the Old testament, some of the wealthiest people on Earth were God’s people. 
  • God promised to bless Abraham and make him a great nation. Abraham also built a generational family business. The Bible speaks of his wealth in Genesis 13:2.
  • Throughout the book of Job, we see that Job was very wealthy. God allowed everything to be taken from him, but he remained faithful. God blessed his faithfulness by restoring his fortune and giving him twice as much as he had before.
  • David was a man after God’s own heart, and God placed him in a position of authority as a mighty warrior and eventually king. He was very wealthy, and this is shown in 1 Chronicles 28-29 by the provisions he made in the building of a temple by his son, Solomon.
  • 1 Kings 10:23 tells of King Solomon’s riches. He had a desire for wisdom, but God blessed him with much more.
In the new testament many people who served and loved God were wealthy business owners. 
  • John owned a fishing business with employees. He was a businessman, yet in Matthew 4:21 Jesus called on him to join the ministry.
  • The apostle Paul did not have to take money from the church, because he was a tentmaker, Acts 18:3.
  • In Acts 16:14 we learn of Lydia, a woman entrepreneur who was a seller of purple, and how she became a follower of Christ and hosted the first church of Europe in her home.
People of high position and wealth were seen following God throughout the Bible. God often blessed those who were good stewards by increasing their wealth and success. The belief that people who are spiritual must be poor is luciferian. Take time to study your Bible and find other individuals who were entrepreneurs and wealthy believers.

Leveraging Others: Reaping Where Thou Hast Not Sown

What is it that wealthy people do that seems to free up their time while they still have the ability to make money? It’s called leverage. Leverage means to use something to the maximum advantage. You can leverage things you already have access to in order to create a greater potential for wealth building.

Leverage the use of a computer.
A computer can do work for you, so that you can free up time. You can use various programs and techniques that help you accomplish a job without being physically tied to a computer every hour of the day.
Leverage the use of your money.
You can use your money to make more money. This is a concept we teach at TRADEway. Instead of working for your money, you could make your money work for you. Many people think it takes a lot of money to actually become successful and wealthy, but that is simply not true.
Leverage people. 
That might sound bad, but it’s not. Whenever you hire someone to help you in a business, you’re leveraging them. You’re also giving them a job and a way to make an income, but at the same time, you’re freeing up your own time by leveraging someone else’s.
If you do not own your own business, leverage people by learning from them. Look for ways that other people can help you speed up your learning. Leverage the effort and the knowledge of people who are already where you want to be. Find a mentor. Leverage the use of someone who can teach you the fast track to the places you want to go.
Do you want to free up your time and still have the ability to make money? Find a way to leverage your computer, your money and people. Leverage us at TRADEway. That’s one of our favorite things for our students to do. Take advantage of the leverage that we can provide for you by showing you the shortcuts to learning how to trade.

What is Smart Debt?

Many people believe that debt, in every form, is bad. The Bible actually talks about debt, and it sometimes talks about debt in a positive way. When you take on debt as a way to eventually make money, in other words start a business, you can actually be creating “smart debt”.

At TRADEway we show our students how to think through their financial journey. Doesn’t it make more sense to invest money into a business that will give you a greater return, then take that increased income and use it to pay off existing debt faster?
Using “smart debt” as a tool to start a business does 3 things for you:
  • It gives you the potential to pay off your debts faster, if you make an investment that leads to an increase in income.
  • You have the ability to create a long-term wealth building solution instead of using what little resources you have to pay debt slowly.
  • It is possible for you to get out of debt, build wealth and focus on developing your skill sets in an area that interests you, rather than spending years of your life working for someone else while making minimal progress in your financial goals.
“Smart debt” is debt that leads to expansion of income. If you want to learn more about Biblical financial principles and how you could potentially build wealth, contact TRADEway today.

Why we don’t like hearing about the Bible and wealth…

Jesus said you cannot serve both God and money. If you are not living by God’s Word, it is easy to allow money to become an idol in your heart. As a Christian, you must first learn to trust Him regarding your finances, then you can learn to serve Him with your finances.

Trust Him With Money
You need to understand how to rely on God regardless of your finances. Study God’s Word, and make sure you are at a point spiritually that you can think about finances without succumbing to fear or anxiety. Trust that He has a plan. When you worry about money, it will take the place of God in your heart. When you are in a place of abundance, the Bible tells you how those resources should be used.
Serve Him With Money
It is important to understand that, although you should not serve money, you can serve God with your money. The Bible never said money has no power or place in the life of a believer. A believer who uses money according to the instructions God gave in His Word can make an impact on many lives.
Wealth is a power that is lesser than God, but is from God, and can be used for God for the benefit of others. When your foundation is on God, and you have a Godly perspective of wealth, money is a very good thing.

Can You Guess What Industry Makes The Most Money?

When you’re wanting to build wealth and create a legacy, one of the first questions you may have is, “What industry makes the most money?” Underwater basket weaving might sound fun, but it won’t be very profitable.

When asked what industry makes the most money, you might think, “tech”. That sounds like a good answer when you consider how technologically driven our society has become. We think of Apple, IBM, iPads, cellphones and computers, right? Nope, that industry came in fourth.
What about real estate? It worked for Donald Trump. The guy is a billionaire. Actually, real estate is the third most profitable industry.
Are you still wondering which industry makes the most money? By now you’ve probably guessed that investing, or finance, is the industry that makes the most money. Correct! TRADEway offers a variety of educational options to help you learn how to manage your finances and potentially increase your wealth in the stock market.
Now you’re wondering what industry came in second, aren’t you? That would be fashion. So, basically, stock trading is way cooler than being fashionable. Luckily, you can trade stocks in your pajamas, so there is no need to even be fashionable. Now is the time to put on your stretchy pants and build your legacy!

Teach Kids to Avoid Debt and Invest

How do we teach our kids how to invest and how to avoid debt? For me, this was really important because I used to be in a lot of debt, and I used to be scared to death of investing. If you feel like that, and if you’re wondering, “how can I get help with that?”, come check us out at a TRADEway event. We’ll help you out. But then we still have to transfer that to the kids, right? We want to teach them this skillset. So, how do we do that?

Here’s how I started. First, I let my kids get in debt. Oh, that’s a horrible idea, right? No! It’s actually a really good idea and here’s why. First, I let my kids say, “Hey Daddy, I want this. I want that.” And I said, “Okay, great. You’re going to use your own money.” “What?” “Yeah, use your own money.” So, they’d have to work a little bit and make a little bit of money and that taught them that money was not infinite. They’ve got to figure out how to get more of it.
Next, we went to the store and it was time to make their purchase. When they found out how much it was, they said, “I don’t have enough Daddy.” Well, guess what, I didn’t just give it to them. I made them go back and work for more. It’s terrible; I know. You’re going to feel like a horrible parent. But, it’s going to be awesome for the kids.
Now if that’s just too mean, there is an alternative. Go ahead and loan them a little bit of money, which gets them in debt. Then make them pay you back. It’s a good idea because you can control the consequences for them. It will make that kid think, “I do not like debt.” My kids hate it. I made them get in debt to me once, and they despise it now. My little girl says, “I don’t want debt, Daddy. I’ll save up my own money.” And my reply is, “Good job. Good idea.” So, this gives you a great foundation for preparing them for later in life. They can see that debt can be used to get the things they want, but they’re going to have to work to get that debt paid off.
Next is investing. How do we teach them about this? First, help them set large goals. Help them set goals that are just really way up there so that it will take them a lot of time to reach them. For my little girl, it was gymnastics equipment. She’s into gymnastics, and she wanted those uneven bars that she could swing on. She loves it, so that’s what we were going for. It cost $300. I said, “Maddie Grace, use your money.” “It’s gonna take forever, Daddy.” I said, “Yeah, would you like to learn how to make it go faster?” “How?” “Well, use your money to work for more money.” And she said, “How do I do that?” Now it’s time to teach her stock trading. She’s only nine but she’s already starting to understand it.
So, if you want to teach your kids how to invest, give them those big goals that seem hard to reach and then ask them, “Do you want to reach them faster? If you want to reach your goals faster, you need a way to leverage.” This gives all kinds of opportunities to teach your kids about how to invest.
So, get them into debt and then get them into investing. Just let them experience it with you in control and making sure that they’re safe the whole way. When you do that, you’re a rockstar of a parent.