It’s a blessing when your trading is profitable and the money is hitting your bank account each month.
If your income has been increasing lately, it may be time to take a fresh look at your tithing/giving.
As a trader, your tithing is gonna work a little bit differently than if you were getting a typical paycheck.
How should you tithe when you’re an entrepreneur with a thriving trading business?
What about as a new trader who’s just getting their trading business off the ground?
To answer that, first I need to set the stage. We have to talk about the difference between law and grace. Because some things don’t work the same way on this side of the cross.
Tithing is one of those things.
There’s a lot of confusion about this in the church and there always has been. So let’s talk about it.
In this episode I’ll cover:
Why old testament tithing laws don’t apply to us today (and how you can think about tithing THIS side of the cross)
How to let the Spirit inform your tithing in each season of life
What you need to know about tithing off of profits vs tithing off of assets
What the new fruit of your trading business is, and how it fits into tithing
How to know WHEN to start tithing as an entrepreneur (it might not be when you think)
What you shouldn’t tithe off of (and how to know what you should tithe off of)
Market Tone & YOUR Profitability as a Trader (What to Look Out For)
/
RSS Feed
Share
Link
Embed
I want to tell you a story. A stock trading story (my favorite).
Let’s go back in time…
In the fall of 2020, the market had been in a bull market uptrend for at least three or four months, and a general bull market for years (basically ever since Donald Trump was elected).
It was the longest bull market we’ve seen in history.
It was like a fairytale.
And the market was still in this bull market, but…
It was having little corrections.
And one of those corrections started around September 3, 2020.
Now, during a correction, you don’t really want to be jumping into an up-play. So it’s super important to know when these corrections are happening so you don’t hurt your trades.
And how do you know if you’re about to go into a correction?
By watching the world events and the economic events of the day, and thinking carefully about what those events might be causing to happen in the stock market.
Because news actually drives the markets. So you want to get in sync with that news and what the whole market is doing. And you want to keep that in mind when you do your play with your individual stocks.
We call this market tone.
In this week’s episode I’ll cover…
Why it takes years of trading to master market tone (and how you can get around that)
What you need to know about fake news and wall street
How you can pay off your debt with wall street’s money (I’ll show you how)
P.S. Still mastering market tone? Lean on us as you take the time to learn this all-important skill.
(One way you can be in-the-know everytime the market goes into a correction is through signing up for Market Alerts, which are included in TraderPRO.)
Those of us who have done this for many years will tell you exactly what we think the world events and the economic events of the day may be doing to the stock market.
When and How to Use Debt WELL (And When NOT to Use it)
/
RSS Feed
Share
Link
Embed
A lot of big syndicate voices out there today talk about debt like it’s the worst thing in the world.
As if being in debt is something you should never do.
And a lot of those people are REALLY GOOD PEOPLE (after all, the majority of the country NEEDS this type of teaching to protect themselves and their family from getting into the wrong kind of debt which can be devastating).
But I don’t agree with their opinions about debt, especially for the segment of the world that DOES want to become educated and learn what the Bible truly says about this topic.
So who’s right? Them or me?
Let me just review some of the things the Bible says about debt, because it can be surprising.
In II Kings 4:3, the Bible says,
“Then he said, Go, borrow thee vessels abroad of all thy neighbours, even empty vessels; borrow not a few.”
Now this is the prophet of God speaking, which is a picture of God speaking.
And he told them to borrow.
Now the world says don’t borrow.
But the Lord says, in this case, with this woman whose husband had died and left her in debt, (and they were gonna take her children as slaves to pay back the debt—she was in trouble!); and the man of God told her to go and borrow.
So she borrowed vessels to put oil in.
And the Lord miraculously took what this woman had in her house (she had a little oil) and He multiplied it.
And she was able to take the new money from selling the oil and pay the debt off. And even had extra to live on. She created wealth doing what the Lord said to do.
But it all started with borrowing something.
Now that lesson is kinda cool. Because God said Look in your house and see what you already have.
Think about what that could include for you and your household. Take a moment to stop and think about everything you already have.
It could be some assets that you have that you could sell. Now you have some money to MAKE money with.
Or it could even be skillsets you have in your mind. It could be things in your brain that you learned in the past. Skills and knowledge that you could use in ways you may never have considered before.
Look around! What do you see? It may be something right under your nose…
YouknowI have more to say about this! I’m just getting warmed up, really… 😎
In this week’s episode, “When & How to Use Debt WELL (and When NOT to Use it)”, I cover…
What you should keep in mind before you get into debt
What the Bible says you SHOULD use debt for
What the Bible says you should NOT use debt for
A simple rule of thumb to help you tell good debt from bad debt
What God’s purpose for debt is
How assets, income and debt can BEST work together to generate wealth
Listen to the episode now!
P.S. Does preparing for retirement keep you up at night? Let us help! In this free ebook, “5 Essential Steps to a Well-Funded Retirement”, you’ll learn…
How to save
How to potentially make up for lost time
How to fight inflation
How to create investment strategies to help protect against recessions
Download the free guide: https://www.tradeway.com/retirement
What You REALLY Need to Know to Be Good With Money
/
RSS Feed
Share
Link
Embed
Do you ever feel helpless or worried about money—just money in general?
If so, you are not alone.
Just think about it…
There’s very little education in the American educational system about money. When was the last time you had a class on how money works and how investing works?
You didn’t get that in elementary school, junior high, high school. You didn’t get it in college. And when you go to business school, really they just teach you to work for a boss. And when you get an MBA they just teach you to work for a higher boss.
Most of us were never really taught how money works. And when something’s unknown, it can make us fearful.
In this episode I’ll cover:
What some of the causes of your fear of money might be, and what you can do about it
How to handle naysayers who don’t want you to learn to stock trade
How to not be overwhelmed by the myriad of financial products out there (and how to avoid the boring ones)
One of the best ways to switch from a fearful to an engaged mindset about money is to set money goals.
For a lot of our clients out there, their goal is to take a small amount of money, and have the potential to turn that into a relatively large amount of money in a small amount of time.
You cannot do that without leverage. And that’s why programs like our TraderMAX membership are so important—the options are where you gain that great leverage.
But you also get live, online study groups where you get a teacher (an experienced trader) on there with you along with lots of other students from around the country. You actually pick stocks that are potential plays to follow throughout the week.
And you’re gonna find it’s nothing like those luncheons where you hear about annuities and life insurance. BORING.
It’s nothing like sitting in a finance class in an MBA program—double boring!
Our memberships (besides changing people’s lives) are a lot of fun. And you’ll have the potential to gain monthly or even weekly cash flow for your family.
Not only that but you can learn long-term investing skills as well.
Learn more about TraderMAX tradeway.com/memberships!
P.S. Does preparing for retirement keep you up at night? Let us help! In this free ebook, “5 Essential Steps to a Well-Funded Retirement”, you’ll learn…
How to save
How to potentially make up for lost time
How to fight inflation
How to create investment strategies to help protect against recessions
Download the free guide: https://www.tradeway.com/retirement
How the Wealthiest People in the World Are Currently Building Their Wealth
/
RSS Feed
Share
Link
Embed
How are the wealthiest people in the world currently building their wealth? To answer this question, let’s start with a little history.
If we go back in history to 1982, oil was king. So most of the billionaires in the world in that day were in the oil business.
By the time you get to 2007, that had changed. Oil was no longer the king. Wall Street was. More than a quarter of the fortunes were made through investing.
Every year since 2007 until now, investing has still been king. It’s the #1 way billionaires are making their money today.
(If this isn’t a great reason to start stock trading, I don’t know what is!)
How did the wealthiest people learn to trade this well?—well enough to make them one of the wealthiest people in the world?
It’s not their education.
It’s not their IQ.
It’s not luck.
It’s that they had a system.
Now you might ask, why do they make more money in investing than they do in the business that they started?
Well it’s because once they begin to make money, they have to figure out what to do with the extra money laying around. So pretty much all of them learned how to trade in the markets.
That’s what happened with my grandfather in the oil business and that’s why I learned so much about stock and bond trading from him.
So we know the wealthiest people in the world, the Forbes 400 billionaires, make most of their money through investing.
You can have access to that same potential.
We here at TRADEway can teach you a system and the skill sets. We want to be your coach. We want to be your cheerleader. We want to be your mentors. And we’ll be with you all along the way.
-David Mitchell | TRADEway Founder & CEO
P.S. In my opinion, if you want to learn how to have the maximum amount of leverage with your money, I think the skill sets that are taught in TraderPRO are the way to go, so check that out.
P.S. Does preparing for retirement keep you up at night? Let us help! In this free ebook, “5 Essential Steps to a Well-Funded Retirement”, you’ll learn…
How to save
How to potentially make up for lost time
How to fight inflation
How to create investment strategies to help protect against recessions
Download the free guide: https://www.tradeway.com/retirement
Today we’re gonna talk about one of the emotions that really messes with your trading.
It can ruin your stock trades.
And it’s called FEAR. All of us have it.
But we have the most powerful thing in our corner to sustain us. More powerful than anything the world has to offer.
“For God hath not given us the spirit of fear; but of power, and of love, and of a sound mind.” 2 Timothy 1:7
Today we’re going to talk about how to develop a mindset of power and love and a sound mind while trading. Because that’s what you need to be a successful stock trader (as well as to enjoy the journey along the way).
Wealth creation happens by leverage, and the best leverage you can get is by learning how to leverage your money on Wall Street through proper trading skillsets. And that’s what we teach at TRADEway.
In fact, if you go out to tradeway.com/memberships and you check out TraderPRO, I promise you it’s going to start at ground zero if you know nothing about trading–it starts there, and takes you all the way through to advanced strategies (with loads of support). And by the time you get done with that, you’re going to know the secrets that the guys on Wall Street know and how they make their money.
The BEST Advice on How to Build Momentum as a Trader
/
RSS Feed
Share
Link
Embed
Have you noticed this pattern in yourself?
You want to have the potential to change your family financially.
You get started, and you think, This is amazing that this information is out there. I can actually do this.
And then?
Life gets in the way. (That’s normal by the way)
So what do you do when you know what you should do, but you’re not doing it? One of the best things you can do to end the start-stop-start-stop cycle, and instead build & keep momentum, is join a group.
Why? Because people learn best together. They achieve more and they reach their goals faster.
Just some of the benefits of group learning include…
Higher achievement
Greater persistence (aka you don’t tend to quit 💪)
If you’re in a group, they will expect you to show up, which tends to lead to follow through.
Have YOU tapped into the power & potential of the group? One of our most comprehensive (yet affordable) group learning experiences is TraderPRO. The group mentorship sessions are our students’ favorite part of the TraderPRO membership. If you joined today, you could be in a group learning session in days. What are you waiting for?
Lisa is a well-known international keynote speaker, sales strategist, real estate expert, and best-selling author. She’s been featured in Bloomberg, The New York Times, The Wall Street Journal, Fox Business, and The Street.
In this episode, we’ll cover
The mental shift that can help you overcome setbacks quickly
Why you need mentors & coaches to truly succeed (especially if you feel like you can go it alone)
Why believing that what you do matters might be your most powerful business strategy
Lisa’s #1 piece of advice for entrepreneurs (warning: this may inspire you 💪)
Get your ticket to the Real Estate & Stocks event in Dallas at tradeway.com | June 24-26 (featuring Lisa Copeland!)
You may have heard us talk about your “80% money” and your “20% money.” What’s that about?!
Your “80% money” represents your long-term, retirement-type funds. You want to be safer with that. You want it to be more diversified.
Your “20% money” is your short term trading. The money you use to get into and out of trades more often.
The goal is that eventually you have 20% of your total money in your trading account so that you can actively grow it.
But when you’re just starting out we advocate that you start out with something we call “small money trading.” And for most people, that’s about $500, $1,500, maybe up to $5,000 if you have a lot of money to your name. It needs to be an amount that won’t “hurt” if you were to lose it all…look at it as practice.
We want you to use the skillsets that you learn at TRADEway to see if you can double or triple that small amount of money.
Now if you go out to tradeway.com/memberships you’ll see TraderPRO. And if you check that out, that will take you from the basics all the way out to advanced combination options strategies. You’re gonna have enough tools in your toolbag there to handle any stage in the market.
There’s even a third category that we recommend you invest your money in. Want to know what that is? Listen to the episode now to find out!
P.S. Does preparing for retirement keep you up at night? Let us help! In this free ebook, “5 Essential Steps to a Well-Funded Retirement”, you’ll learn…
How to save
How to potentially make up for lost time
How to fight inflation
How to create investment strategies to help protect against recessions
Download the free guide: https://www.tradeway.com/retirement
You’ve already learned the basics of stock trading, and you’ve maybe even learned a bit about options. Where are you going to head next on your journey? We suggest you check out our membership programs: Insider+, TraderMAX and TraderPRO.
When you join our membership programs, all of sudden you have strategies that help you get through ANY stage of the market.
Because the market changes.
It has different parts of its life cycle, and you need to have different strategies to know how to trade in each one.
In this episode David covers:
The first year of a new bull market and what makes it a goldmine
What you need to know about market corrections
The best strategies to use when the market goes down
The most difficult stage to trade in
Why we believe coaching creates great traders
Memberships mentioned in this episode: TraderPRO.
Learn more about TRADEway memberships at tradeway.com/memberships.
P.S. Does preparing for retirement keep you up at night? Let us help! In this free ebook, “5 Essential Steps to a Well-Funded Retirement”, you’ll learn…
How to save
How to potentially make up for lost time
How to fight inflation
How to create investment strategies to help protect against recessions
Download the free guide: https://www.tradeway.com/retirement
