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The Fast Way to Make Money with Mark Yegge, Ep # 131

by | Sep 21, 2022 | Podcast | 0 comments

 

Mark Yegge, the Wealth Architect, is a lifelong learner, author, course-creator, mentor, and fund manager. He’s the founder of Destiny Creation LLC, and he’s traded over $14-billion worth of securities. Using his experience and expertise,  Mark is on a mission to change the way we invest.  In this episode of How To Trade It, Mark talks about taking the small wins over and over again. You don’t want to miss it! @Mark_Yegge says that when emotions go up, intelligence goes down.Join us on this episode of How To Trade It to find out more! #CoveredCalls #StockMarket #Crypto #InTheMoney #WealthArchitect #CashFlowMachine Click To Tweet

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You’ll want to hear this episode, if you are interested in…

  • [00:42] Lessons from a Taxi driver
  • [02:30] Fast is slow and slow is fast
  • [03:45] Real estate mentality
  • [04:47] Developing a method
  • [08:56] More bites from the apple
  • [10:46] Modified Covered Calls
  • [12:46] The 4 Cornerstones
  • [14:25] Just roll with it
  • [15:28] The secret is…
  • [16:09] Fund management
  • [17:31] Cryptocurrency!
  • [20:57] The Dollar
  • [22:10] The future of Bitcoin
  • [26:43] Supply & Demand
  • [30:30] The Wealth Architect Podcast
  • [32:46] Special offer for How To Trade It listeners

Fast is Slow & Slow is Fast

I know, I know, that doesn’t make any sense.  But trust me, I’ve won and lost enough money in the market to know what I’m talking about. I’ve learned from my missteps. Most people just want the quick win; the fast and big money.  The better option, however, is to take small wins, over and over.  So while that may seem like the S-L-O-W approach, in the long run, it’s actually a faster way to increase your wealth.  You reduce the risk of losing large sums of money, while having a consistent income that will continue to grow over time.  

The enemy of the trader

Emotions are the enemy of the trader.  When emotions go up, intelligence goes down.  Go ahead and tell me I’m wrong. At Destiny Creation, we try to teach people how to get rid of or control their emotions, so they can trade from a quiet and still place.  This happens by having a trusted system in place and well-defined processes to follow.  No system is perfect, but if you follow our approach and the rules, we can teach you how to consistently make 2-4% each month.

Crypto…Bitcoin?

Mark believes that cryptocurrency, specifically Bitcoin, is the future.  It’s a new paradigm that seems like it’s going to work long into the future.  It may not replace the dollar, but it’s probably good to have as part of your asset allocation. He has added it to portfolio diversification, as a new category known as Technology Assets.  Bitcoin is probably the only truly decentralized crypto.  There’s no CEO or group of people pulling the strings. It’s never been hacked, and it’s a great option, if you want something that is going to hold its value. Inflation isn’t going away any time soon, so it’s best not to store your money in a devaluing fiat currency, like the USD, Euro, or Yen.  Instead, consider investing in things like Bitcoin, stocks, and real estate.   

Resources & People Mentioned

Connect with Mark Yegge

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Disclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. 

 

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