Mr Money Maxwell
Financial Freedom Friday is for people serious about financial freedom. Every Friday I share what 28+ years of trading taught me. My mistakes. My systems. The lessons that got me out of Corp IT by 40. Learn from someone already doing it.
Getting paid to insure your stocks?
Financial Freedom Friday TURNING KNOWLEDGE INTO WEALTH BY $MAXWELL I love stock options because they give us the power to hedge. You already know about the income side of selling options. But when the market gets murky (you saw my email 2 weeks ago?) and you want to dial back your exposure, a little insurance on your portfolio helps you actually sleep at night. I can't be the only one who wakes up at 2 AM running worst-case scenarios. Not just the stock market... Real estate.. Family......
Buy Low Sell High?
Financial Freedom Friday TURNING KNOWLEDGE INTO WEALTH BY $MAXWELL Buying low and selling high is the goal. Sounds Simple. Goodness knows I’ve messed it up from time to time. And not just in trading. On July 22, 2023, I bought a Tesla Model Y. What happened next? EV prices took a nosedive and kept falling. It’s fine… I love the car and I’m not selling it. But I definitely bought near the top. Then I invested in bourbon... This is what I 'own' When I was doing due diligence did I have tariffs...
Breathe slow. Never hold your breath.
Financial Freedom Friday TURNING KNOWLEDGE INTO WEALTH BY $MAXWELL I'm officially scuba certified :) Leave it to $Maxwell to relate scuba diving to the stock market, but stick with me for a minute, let's make this make sense and build out our trade plan together. This certification process took way more time (and money) than I expected... but it was completely worth it. Saw a massive sea turtle, a lobster, and a shark offshore. I have 100% unlocked another expensive hobby. The very first rule...
Setting yourself on fire
Financial Freedom Friday TURNING KNOWLEDGE INTO WEALTH BY $MAXWELL Can you believe we’re at the beginning of the fourth quarter? 2027 is 91 days away (if you are reading this on Friday). I’m big on setting goals, staring at my vision board, and constantly testing my comfort level. I encourage all my coaching clients to do the same thing. If I'm being transparent I tend to take things a bit too serious. Those who know me personally are nodding in agreement... You can stop, I see you... My...
Handing the mic to a black belt (and 93-unit owner)
Financial Freedom Friday TURNING KNOWLEDGE INTO WEALTH BY $MAXWELL This week I'm handing the digital mic to my friend and awesome accountability partner Christian. Some of you know his name from discord, but probably not what he actually does. I asked him to speak about his journey to Financial Freedom because he's a black belt in both jiu-jitsu and also a black belt investor. He didn't even mention the businesses he owns, but you should ask him about that when you take him up on his offer at...
What Happens Next?
Financial Freedom Friday TURNING KNOWLEDGE INTO WEALTH BY $MAXWELL By now it's more than obvious how much I love the stock market: my free time is spent looking at stocks, I enjoy reviewing strategies, and reading all about the market. But, there is one thing I can't stand about the trading world and I know I've fallen for this trap a time or two, maybe you have too? Watching people talk about this week's rate decision is a perfect example. So many people have total confidence when they talk...
Stock options are safer than your paycheck?
Financial Freedom Friday TURNING KNOWLEDGE INTO WEALTH BY $MAXWELL Do you think your paycheck is the safe part of your financial plan? And when you think about the stock market and especially trading options you think about dangerous risk? You have it completely backward. I spent nineteen years at LabCorp. Part of my job in management was letting people go. Not just the underperformers. Good people. People who worked hard, stayed late, and did everything the company asked. Performance had...
My trades closed before I got up from the table
Financial Freedom Friday TURNING KNOWLEDGE INTO WEALTH BY $MAXWELL It's Friday morning, you've almost made it through another week!!! Four days down of meetings, emails and time spent for money in your account. That feeling of trading your hours for a paycheck is one of those necessary evils we've all dealt with. I get it, but I also know that emails and meetings for other people just to pay your bills shouldn't be the forever plan. If you're thinking like me this email is for you. You've...
When I cashed my first paycheck, I called it paying myself first.
Financial Freedom Friday TURNING KNOWLEDGE INTO WEALTH BY $MAXWELL "I've been here 46 years," the business owner told me when I asked why he was selling his building and his company. "I'm 88 years old" he said. The entire time my internal dialogue is thinking this guy is way over his 4,000 weeks... He had a clear exit strategy: take the business he and his wife built and hand it down to his daughter, then step away and enjoy life. But life doesn't always consult our plans. She passed away...
Can you do a pullup?
Financial Freedom Friday TURNING KNOWLEDGE INTO WEALTH BY $MAXWELL Wednesday I'm sitting in the back of West Orange Cinema in Ocoee, FL. It's packed with real estate agents and every single one of them is screaming YES over and over. Earlier they were giving each other massages… And NO it wasn't an adult theater… It was a Tony Robbins seminar. Left hands held high in the air. Everyone's eyes closed (except mine). The speaker up front has them visualizing a check with their name on it, dated...
Financial Freedom Friday is for people serious about financial freedom. Every Friday I share what 28+ years of trading taught me. My mistakes. My systems. The lessons that got me out of Corp IT by 40. Learn from someone already doing it.