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.
You're thinking about buying SpaceX, aren't you?
Financial Freedom Friday TURNING KNOWLEDGE INTO WEALTH BY $MAXWELL I've built generational wealth in the stock market. Seen this same story a few times a year. Following the crowd isn't the way. Let's rewind for just a minute:I was 24 years old and broke in the best possible way. Just graduating college. My savings account was drained. A company I used every single day had just gone public.. And I couldn't stop thinking about it, because I just put my entire savings account in it. The company...
The financial advisor told me to go work at Home Depot??
Financial Freedom Friday TURNING KNOWLEDGE INTO WEALTH BY $MAXWELL "I see you want to leave your corporate career behind," the financial advisor said, as we’re staring at all of my most private financial numbers displayed on a projector as we sit at a giant table in the conference room . "We think you should stay five more years." I sat across from him, waiting for the punchline, the logic, the permission to be happy and free. There wasn't any of that. "Or," he continued, "maybe you could go...
Are you sure you can do this?
Financial Freedom Friday TURNING KNOWLEDGE INTO WEALTH BY $MAXWELL I'm sitting across from an attorney. He slides a document across the desk, points to a line, and asks: "Do you know what this means? Are you sure you can do this?" I'm looking at him like... what? I didn't know what it meant. I didn't know what I was supposed to do. And the one person who could have answered my questions wasn't there anymore. Let's back up and zoom out: I've always been a bit of an outcast. Different from the...
How I spend less time in front of the screen, but grow my portfolio
Financial Freedom Friday TURNING KNOWLEDGE INTO WEALTH BY $MAXWELL I used to be a day trader. And I was pretty good at it. Good enough to make real money. Good enough to think I had it figured out. Good enough to keep coming back even when my brain was telling me to stop. Here's what nobody tells you about day trading. The money can be great. Until it isn't. You win 10 in a row and you feel like a genius. Then you lose the next 15 and you can't figure out what changed. Same charts. Same...
Financial freedom isn't about finances?
Financial Freedom Friday TURNING KNOWLEDGE INTO WEALTH BY $MAXWELL The goal of financial freedom should be about finances. Right? I want to challenge that today. Most people treat life like a giant list of transactions, but there is a side to this journey called life that a spreadsheet simply cannot capture. In the trading world, we talk about Extrinsic Value. You know the "Time Value" the part of the option that isn't the actual stock price. In life, your Extrinsic side is the math and the...
He values businesses for a living. He came to my backyard for a reason.
Financial Freedom Friday TURNING KNOWLEDGE INTO WEALTH BY $MAXWELL There I was in my backyard, sitting under my pergola in the Florida sun, it was pretty hot out. I was staring at the lake while a business broker set up microphones on my patio furniture. A business broker wants to interview me for his podcast called Personal Bets? When was the last time you made a real bet on yourself? I'm talking about a real one. Not a savings account. Not buying a call on some stock that is about to...
How much do you make an hour?
Financial Freedom Friday TURNING KNOWLEDGE INTO WEALTH BY $MAXWELL No way you'd take a job without knowing how much it pays you an hour. Most people trade time for money, I want you to start thinking how much does this hour pay me! Almost every worker knows their hourly rate. You knew it before you accepted the job. You probably roughly knew it before you even interviewed. Financial freedom comes when you replace your paycheck with passive income. So... Do you look at every position you have...
Remember that scary "correction" five weeks ago?
Financial Freedom Friday TURNING KNOWLEDGE INTO WEALTH BY $MAXWELL Much like the weather in Florida... The market went from a hurricane to a sunny beach day in less than 10 trading days!On March 31st I dropped this in Good Kids Trading discord: Well. Here we are... How are you feeling?I didn't expect us to make new all time highs in 13 trading days... BUT that's the whole point. No one really knows what's going to happen: no matter how smart or how confident they sound. The market threw every...
Same market. Completely different week?
Financial Freedom Friday TURNING KNOWLEDGE INTO WEALTH BY $MAXWELL I know the last month has been rough for a lot of traders. Checking the account every 10 minutes, stress eating, reading every headline trying to figure out if this is the bottom or just a dead cat bounce, snapping at people, losing sleep. Wondering if they should sell everything, buy more, or just do nothing and hope for the best. That's not trading. That's suffering. I used to be there too. And here's the part that stings......
I'll be fishing when this hits your inbox
Financial Freedom Friday TURNING KNOWLEDGE INTO WEALTH BY $MAXWELL Happy Good Friday weekend, market is closed so I'm enjoying a 3 day weekend. A quick glimpse into my view: Nobody knows if this is a dead cat bounce or the beginning of a new bull run. and anyone who tells you they know with confidence... I'd be careful listening to them Here's what I DO know. You don't have to know what's going to happen or even be right to make money in the stock market In the community this week we saw...
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.