How To Make Money On Every Trade With Jerremy Newsome Of Real Life Trading

Hey guys, you're not going to want to miss today's episode with Jeremy Newsom. We talk about why he's spending three days with Jesse Itzler, how you can get his courses for free, and what advice he would go back and give him his 25 year old self. Stay tuned. Welcome to the Next Level Income show where it's our goal to raise your income, investments and your life to the next level. I'm your host, Chris Larson. Get your free copy of our book@nextlevelincome.com on today's show we have Jeremy Newsom of Real Life Trading. Jeremy's mission in life is doing rich lives with mentally liberating education. He helps his clients make the proper tweaks in their mindset, their heart set and their bank account so they can impact the people, causes and communities that they want to help. Jeremy, welcome to the show.

Chris. This has been months in the making, man. I've been waiting for this for so long. Thank you.

Absolutely, man. Now I'm fired up to have you on. So Jeremy, for the audience that isn't familiar with you, share a little bit more about your background, your history and how you started Real Life Trading.

Yeah, man. And for a lot of you listeners, I know that a lot of your listeners and tribe are huge stock market enthusiasts. Sorry, real estate enthusiast. My profession has been the stock market for the last 12 years. My business partners and best friends are real estate. So I love real estate. And the way I got started in stocks is an ironic story that has a really cool ending. It's the Movie Forrest Gump, man. 80% of the way through the movie, Forrest gump says that Lt. Dan took his bubble gump shrimp money and invested in a fruit company. They no longer had to worry about money. And I asked my dad, what is investing? What's the fruit company? Because I thought I'd be not to worry about money anymore. So he told me about Apple and he told me about what investing is and how the stock market works. And I thought it was just such an intriguing concept. Begged him to buy some shares of Apple. He's like, son, this is a movie, right? It doesn't quite work that way. This is this fiction. So anyway, I begged him and begged him and he eventually like gave in. He's like, listen, you bring me some money, I'll match it dollar for dollar. So I picked blackberries bush and sold them door to door in the summer of 1994. Sounds like a Bryan Adams song. And made 1500 bucks, man. And selling blackberries at six. So sure enough, true to his word, he had to borrow some money from my uncle and we bought $3,000 worth of Apple stock in 1994.

Really? That is such a cool story. That is such a cool story. I love it. Absolutely love it. And what's wild is I started my investing career worth about $3,000 too, in my first real estate property. And that was in the 90s as well. So I got a couple of years on you here, man, that is sick.

I love it.

Yeah, so I love. You know, we've had a lot in common with respect to the stock market, to real estate. I know that's not all you do, but with real life trading, you guys have courses that span a lot of different things now. And that's what really brought us together. I remember our first conversation. And just next level income is all based around education. And obviously at some point it leads up to the investing part. But education comes first. So tell us what people can find on the website. What was your first course? How did it get started?

My very first course was teaching individuals about strategy called covered calls. So for all of you real estate fans out there, you'll love this one. But covered calls is like renting out your stock. So if you have houses, you rent them out and people live in them. Well, when you own at least 100 shares of a company, you can rent out those shares to a person at a higher price, and they pay you for that opportunity to rent out your stock, just like someone pays you to live in a house. So that was the very first product I ever released, and I taught it at real estate places. Because most people who are interested in the stock market generally are real estate professionals. Because real estate, well, the parlay into stocks is quite easy, and vice versa. Teaching covered calls and then end up teaching something called the car, which is how you can sell and rent out your stock and then actually use that rent money to buy insurance on that position. So you can create an unlosable trade for a certain period of time.

I like the sound of that.

Yeah, man. So it's like, would you want to make 2% or 19%? And when you get into one of those situations in a stock, you can actually have an absolute unlosable trade for a certain period of time. Mathematically, that just excites people because it's so rare for people to talk about not losing money in the stock market. People who generally deem the stock market as risky, it's gambling. But like you mentioned, man, that's because they just don't know. Real estate brother has been around for thousands of years. Arguably, like, we have to live somewhere and it doesn't matter if we build it or buy it or rent it, we got to live somewhere. But the US stock market's been around for 120 years. So if your dad's dad's dad doesn't teach your dad's dad or dad dad about. None of your lineages know about your mom, your mom's mom, your mom's mom. If none of them know, you don't know. And it's simply a miseducation. What's keeping so many people from the stock market?

Yeah, and there's so much to know. I always said it's like playing the World Series of Poker, right? You sit down if you don't know what you're doing. I talk to a lot of people, younger investors, and like, oh, I'm doing this and that. I was in the 90s trade and I talk about this in my book. And I was day trading and I learned the lesson, some hard lessons, made a lot of money, lost a lot of money, but learned some really invaluable lessons that were cheap at the time. And, you know, people that are naive. I said, I said, do you like, have you taken a course? Do you know what you're doing? How long have you been doing this? Oh, no, my friend told me this and that. I said, well, would you sit down at the World Series of Poker against these guys and do that? Because that's what you're doing if you don't know, but it's a skill set. Would you agree?

100%, man? Absolutely. Because I love that analogy and I love your book, by the way. Thank you for sending it as well.

Absolutely.

I level next class stuff, man. But the, the analogy is amazing because so many people do say, oh, the stock market is gambling. It's like, brother, I owe professional gamblers, like people who make money full time gambling, essentially playing poker and, or maybe even roulette or maybe I don't know anyone who makes money playing craps professionally, but I do know roulette players and poker players who can make money consistently. And it's amazing, but they have a system. They have risk, they have rules, they have a plan. It's a systematized strategy that they follow over and over. And trading Chris is second grade math. It's a lot of second grade math. Multiplication, a little bit of division, percentages all the time, some decimals here and there. That's it. And you can build a calculator you can use a calculator on Excel spreadsheet. Because you buy a thousand shares of any company in the world and it goes down 70 cents, you will lose $700. Or if it goes up A$20, you make $1,200. So that's a very real life example of what happened to me today. One of my main stock day trade for cash flow is amd Advanced Micro Devices. I know what they are and how they work. I like them. Everyone knows what AMD is and they have what's called an average true range of $3 a day. So this thing, brother, moves up and down three bucks a day almost all the time, like 84% of the time. Now I don't know what direction it's going to go, but it generally moves about $3 a day. If I can carve out a $90 a week on 2,000 shares, right, that's almost $4,000 a week. That might require approximately three hours of work. Once you know what you're doing, meaning it's not that hard. So today I took a trade on AMD. I lost $1,000 on it. Took another trade on AMD today and I made $1,800 on it. So the difference between those two numbers, obviously 800 bucks. So I made 800 bucks today. Cash flow, I can go take that, buy an asset, virtual assistant, employee coaching session, book, whatever. I can take that money, that cash flow that I made today and reinvest my future self.

I love that. And that's the strategy I teach. If you know, anybody's read the book or familiar with, we talk about make, keep and grow. You need to make more money. You need to keep more of that money by proper strategies. Whether that's in, that's tax strategy, insurance strategies. And then you need to grow the money. So you take that money that you're making in excess of what you're doing and you're growing it. And that's what you know, that's exactly what you're talking about. And that's one of the things you do is you teach people how to make money in addition to doing, you know, what they're typically doing. And I love what you said about second grade math because I have a third grader, I have a third and fifth grader actually graduated waiting here. And there'll be sixth and fourth grade next year. We're in summer break here. But so my third grader loves to make money. So we went to a lacrosse tournament last weekend. So my fifth grader, my 11 year old, he's playing in lacrosse tournament. You know what my third grader's doing? He made comic books, copies of me selling his comic book series. He made $66 this past weekend. So I may have him do one of your courses, Jeremy, because he's the kind of guy that can use his second grade math to do this. So if so if somebody's listening like me and saying, hey, what's a good course to start with? What's a good course to even teach your children or teenagers that want to learn? Because I learned at 18 from a family friend about the stock market. But then I was self taught after that.

Right. I did my best to create educational components for anyone of all ages because, man, I went to college to learn this and you know, turned out because it's college and you know, it was fun to party, but you don't really learn a lot of on the job training, so to speak. But for me, I went out and realized that there's a lot of seminars and conferences and webinars, but they're generally boring. Man, I love your stuff and your podcast, your content, your book. I mean, it's beautiful, it's valid, it's to the point, it's informational, but it's also exciting. At least it's not tone in for your brain. And that's what I tried to do. So I went out and created a bunch of content that's actually free so that people can remove. I don't have the money barrier because I love taking that excuse away from people, man, I'm like, I don't have the money. I'm like, oh, it's free. What now? What? Yeah, what is your excuse now? And they'll come up with, oh, but I'm really busy so I made it for free. You can go to reallifetraining.com beautiful green button that says beginner. Just click on the beginner section and start going through the beginners classes. And anyone can do that. I do have a Kids for Young Adults course that's just designed for children. The cool crazy part, man, the last time I taught this class was in March and I talked about GameStop and this was right about the time. Oh yeah, yeah, right about time it started exploding. So I had some kids who actually bought, you know, four or five shares of GameStop or whatever that made like $1600 and they were freaking out.

I love it. That is so cool.

And then Roblox. Roblox has been terror.

I'm sure you're selling Roblox.

Yeah, yeah, man. So I have an 11 year old as well and I have him buying some shares and selling some shares of Roblox. And that's the money that he perpetually uses to buy his game stuff.

I love it. So it's funny, I'm trying to teach my boys a lesson about what's going on right now, the free money that's going out the door. And they overheard a conversation because I have actually I have a tenant in one of my commercial buildings and they're having to close their business because they can't get people to work. They have a tattoo studio and people they don't want to get off unemployment. And my younger son was like, well, what do you mean they're getting checks from the government? Because he's like, how do I get a check from the government? And I started to share it to him. I'm like, they're getting money for doing nothing, essentially. And I put it very simply, he goes, but dad, we get money for doing nothing. So I. They Both started Roth IRAs. They have jobs, they work for our business, they have other stuff that they do. So they contribute every month. And then they look at their account statement and I'm telling this story because this is passive, right? But they know that their money is making money for them. So this may be a good way for me to teach them about the active way of investing in the stock market. So having said that, Jeremy, what are your thoughts on passive versus active investing? Because I think you can be successful at both, but they're different strategies. What's your opinion on that?

100. Correct, man. You should have both. The longer term investing, without question is going to outperform short term. A guarantee, you know, in the sense of short term. For me personally, cash flow creation, my goal is like, it's like, it's like flipping houses. You've done million house flips, so those are short term cash flow. Your goal is to make some money so you can use that money to buy another asset. That's short term. That's the active trading. But active trading is very similar to playing a, you know, playing a sport. It keeps you healthy, it keeps you active, it keeps your brain active, keeps your body active. You know, it keeps you understanding what's going on. But then act like passive investing would be essentially owning the field that you're playing on or owning part of the stadium or owning part of the jersey or whatever being both aspects of the game. There's nothing wrong with it. People love to play. Who doesn't want to Be active. Who doesn't want to enjoy life and being in a competitive environment because it's fun, man, it's exciting. But you will make more money longer term doing the investing. But why not make money both ways? The stretch that I love, people, the mindset shift is have as many streams of income as you can. And you know this and you preach it all the time.

There's nothing.

But even if it's an extra $100 a month, what that does is it tells your brain, oh, wait, I got this over there. It lets you stress out less when you do have those crumbs because every investor has a crunch month or like, I don't know how I'm going to raise this million dollars. This is going to kind of stress me out right now. And there's like a window or day or you kind of stressed about it. And then you, your brain begins to appreciate what you have and what you appreciate, appreciates. So that, that beautiful paradigm shift starts happening of, okay, cool, I got other things are coming in. I'm good.

I love it. I want to use this as a bit of a transition because as I mentioned in the intro, you talk on, we talked about how you teach people really about their mindset and changing their mindset. So this isn't just about trading stocks. This isn't just about education there. And I was going through some of your blog posts on there, and one of the things I probably went about down an hour rabbit hole this morning, which isn't typical for me, but it was on the Hard Physical Challenge, and I started looking at the David Goggins 4x4x48 challenge. And I ended up on a Joe Rogan interview with, with Jesse Itzler. And I don't know if you know the story, but Itzler hired Goggins to live with him for a month. And what, what he said was. And Rogan's like, you know, he's like, what the f. Like, you, like you. You just asked this guy to live with you. Like, where'd you come up with that? And Jesse Itzler was like, yeah, you know, I was, you know, he was, he was successful. He said I was in a rut, Joe. And, and I wanted this guy to just pull me out of this rut. He's telling stories about Goggins getting him up at 3am to go for runs and cutting a hole, like punching a hole in the ice while there's winter storm warnings outside and tell him to jump in the ice. And he couldn't walk back Home because he was freezing to the ice. So Goggins put like shoes on the guy's hands. And it's awesome. So if you haven't seen it, you should listen to that. The Joe Rogan interview with Jesse Itzler. But Jeremy, talk a little bit more about your personal mindset. You know, how the physical plays into the mental and what you do for your clients with respect to that to really set them up for really changing how the limits they may already be experiencing can change for the future.

I love that you brought up that story because those two are some of my favorite people in the world.

They're awesome people.

Lives in Nashville. I'm actually flying out to see Jesse in two weeks, so I'm spending a few days with him. Yeah. And those are people you want to be around. Right. So that the mindset shift, man, that changes people's life is understanding that you always have to be uncomfortable in order to grow. Growth comes from being uncomfortable. Uncomfortable in what? Uncomfortable could be in your relationship. Right. Maybe someone is uncomfortable hugging their wife in public for a night, 20 minutes. I don't know. Like, it can be the most random thing. Maybe someone's uncomfortable for asking for a lot of money for a client or doubling their prices or being paid an hour longer or investing an extra zero on a particular position. Uncomfort leads to growth and all we have to find those micro magical mental moments that allow us to become uncomfortable so that we can make that tweak even if the uncomfortable, our discomfort comes from a definition change. Quick story. I have a coaching a client. His name is Chris. He lives in South Carolina.

I like the name.

He has a business. Yeah, yeah. He's an awesome dude. Chris Stanley. And he has a few businesses. And one of his main goals when working with me, he hired me for a year. We work once a week for a year. He said, one of my main goals, man, I want to end this year as a millionaire. That's what I want to do. I was like, oh, cool, bro. Three weeks into it, we realized he was already a millionaire. He just had a different definition of what a millionaire is. He wanted to make a million dollars and trade it. Cool. But an entirely different goal. Once he realized he was already in his dream. He already received what he was praying for, man. His whole world opened up. The reason I tell you that story is because times that discomfort is just the definitions that we have, the changes that we can make, the tweaks that we can make. So many people want to become millionaires but then realize, wow, I'm actually already a multimillionaire. Well, then what comes after that? There's other terms, like, there's other definitions, right? You can have a deca millionaire, centennial, millionaire, billionaire. There's all kinds of fun, fun terms that you can start using. And those definitions require belief systems, instructions. And if you want to change your life, change one belief that you have about anything once a week, and your life will be so radically in a year from now.

Yeah, I love that. You know, Goggins says, do something uncomfortable every day. And, you know, I always, every year, I sign up for some sort of event. And sometimes it's not a. Sometimes it's not a physical event, but something that really stretches me. I mean, it's been a career shift in the past. It's been hiking Mount Rainier. It's been mountain bike trips, rafting the Grand Canyon. All these things push my comfort level to the boundary or beyond where it was before. And I've learned from each one of those. So I love that philosophy, Jeremy. And what happens is it spills over into other areas of your life. And you see this in everything. You see this in all these physical endeavors. And it seems to me that any of these individuals that we've been talking about, they get that. Especially these high performers, they get that. So in addition to stock market, you mentioned real estate, Jeremy. What else do you invest in besides stocks, besides the stock market?

Well, cryptocurrencies is a very new popular term. Although I have been investing since about 2015, and I do love, and I'm very, very intrigued by the crypto market. I still kind of blend that in with stocks because they're liquid assets. That's really my specialty is liquid assets, things that can be moved around extremely fast. So, yeah, cryptocurrencies, I do trade something called futures. I've traded commodities before, options, stocks. But really, one of the things I love helping my clients with, and myself as well, is time. Our beliefs about time, our thoughts about time, because that's your asset. And what's intriguing is, you know, for me, Benjamin Franklin, time is money. But that's such an intriguing concept, man. Like, time is money, which means you can buy it or you can exchange it, you can transfer, you can move things around. I love studying time and understanding, like, how it can impact individuals and how we can literally buy more time or get more time. It sounds like a weird concept, but it can. It's possible. It's achievable in the sense of, like, you can buy more time, like, you can free up your time that you currently have doing this that you don't want to do, or you hire that out and now you got that hour back that you never have to use again. That's more time. In your book, people can work one hour a month, $12,000 for that one hour, and not have to work ever again that entire month if they want to structure their life that way. It's possible. It doesn't sound possible. It doesn't sound doable, but it is. We can all get any amount of time that we want or money that we want. So, yeah, man, I don't. That does answer your question. So I invest in cryptocurrencies. I invest in businesses, real estate, books. I want to do wine and art one day. I think that'd be really cool. I do kind of invest in physical coins. I think it's interesting just from like a collector standpoint. I have some gold coins, Persian, Roman, Greek, Byzantine, some pre revolutionary war, post Revolutionary war currencies. So that's small investment, though. Nothing crazy. But business, ma', am, Businesses is a great, great investment. I think they're very, very easy models to replicate. I love investing in businesses, especially people that I know. So I've helped a few people grow businesses as well, from nothing to a million dollars, multimillion businesses just through ideas and websites.

Love it. No, that's one of the books I recommend. In my book is Automatic wealth by Mark Ford, Michael Masterson. And he talks about that. He talks about real estate. It's a very easy read. If you haven't read it yet and you're listening Automatic wealth, pick it up. He talks about how he invests in businesses, how he invests in stocks, real estate, all the things that we've been talking about, Jeremy. And it's true. I have a coaching client. We work very closely together, and he works with a ton of business owners. And he's like, well, what should I invest in? I'm like, what do you invest in now? And he's like, well, I have some money in stocks. But he goes, I invest in some of these businesses. I said, that's awesome. Now that's not for everybody. You gotta understand what you're doing. Right. Like we've been talking about before. But if you're looking for investments and you have people that you know in a business in an area that you know, it's a great, great spot to be. But I want to touch on the time issue you talked about, like, what do you invest in? And that is our biggest payoff of investment. Because like you said, you kind of linked it together. If you can create more time and you can create more value within that time, that's an exponential increase if you link those two concepts together. It's actually the first thing I teach my coaching clients as well is, hey, what do you make per hour? And most of them don't realize it because they say, oh, I work 40 hours a week. I, I make $200,000 a year. Was that $100 an hour? It's like, well, do you actually, are you actually doing a hundred dollar an hour jobs like every, every minute of every day? And they're like, well, no, I'm probably only productive 20% of the time. It's like, okay, great. So you're making five times that. It's $500 an hour. They're like, I'm worth $500 an hour. It's like, yeah, you probably are. So do more of those 500 tasks. So I think that's a great concept. Figure out what is actually your time is worth, figure out how to do more of that and hire out the rest if you can. And you can create tremendous amounts of value.

And you can. The scary part, Chris, is doing it, taking that jump because our brain, it is hard, man. Our brain says, but if I now I have less money. It's like, no, no, no, time is money. Yeah, right. You have, you don't have less anything. You actually same equivalent, right? Because you just bought time. If time is money, then that's what you want. You want money or time? Do both. Either one. It's equivalent.

Yeah.

Now you say you make a great point. It's hard, right? You're like, well, hey, if I hire this person to mow my lawn at $20 an hour, I have to pay them $20 an hour or 40 bucks or whatever it is. 80 bucks, I'm out 80 bucks. Well, go be productive. If you're making 500 bucks an hour for four hours, that's $2,000 of value you've created. And you pay somebody $80 for that, it's a pretty good payoff, right?

Bingo, brother.

That's it, man. That's it. Yeah. So, I mean, we've covered a lot of different stuff and I'm going to have you back on because I think we can continue this conversation in a lot of different ways. But if you're a little bit younger than me, if you can go back in time to your 25 year old self and all the stuff that we've covered today, you could say, hey, 25 year old Jeremy, what advice would you give him?

I think pretty much what you just mentioned a moment ago, I would sum up extreme well to my 25 year old self is know how to value your time and have standards that need. Because when I was 25, I didn't know what time value was and I also didn't truly understand how to have standards met that I would hear the term a lot like raise your standards, but I didn't know what that meant. So crazy example for one, listening. Let's say you have a service industry and you charge $1,000 for whatever service and you have a. They pay me a thousand dollars and then I'm done.

Cool.

And you do your service and that's great, that's a standard. But what if you went above and beyond? What if you created like you man, when you're, when I'm on this podcast, you sent me a book with a hand letter. That's a standard. How many people do that? Very, very few. Very few. And as we start to slowly grow, our standards will start to change. And so that was for me, man, that would be so massive is just have a higher standard for yourself and live to it. Because when I was 25, I'd rather eat a $2 cheeseburger other than a $20 meal was amazing and delicious and beautiful because there's so many crazy distinctions there. Because a $20 meal, now I'm sitting next to someone who's worth more, right? I'm talking to a waiter who's better, who's more articulate. It's also better for my body. I'll feel better after eating it. I'll perform better after eating. I'll be able to do things I might not do after having this $2 burger. And yeah, even though I would have an $18 difference between the two, that's just money. I'd rather have the time and the experience and that standard of being around the people, the quality people who might eat that more expensive meal than that $2 cheeseburger.

Yeah, totally different.

That's what the standards is.

Yeah, totally different.

Totally different. And just like you were saying with your coaching client, when you change your mindset and you realize that you're capable of more and these are concepts that the rich use, like the truly rich use, right? They understand what it is to have time and have control their time and do that and have that performance. So if you're listening today, I think that's, that's probably the most important thing that we've talked about. But also Check out real life Trading. Jeremy, what's the best way for listeners to check out your website, your information, learn more about, you know, all your courses, especially the free ones that we talked about earlier.

Yeah, brother. That's it, man. Guys, just pop into reallifetrading.com and contact click on Watch any video link or blog that is interest of YouTube. And if you guys do come and you come from Chris, I mean, tell me, let me know. Email me my first name jeremyrain.com shoot me an email if you got value from this podcast as much as I did, let me know and I'll be happy to figure out an amazing way to just as much value as I can to your tribe and to your listeners, man, because that's all I'm here for. I know that if I want to create a billion dollars of value for myself, I have to go help a billion people. And I think both you and I are on the path to do that.

I love it, man. That's why we had you on today, Jeremy. We're all always looking out for listeners, for our clients, for everyone out there. Help raise your standards like we talked about today. Help give you more education. And Jeremy, thank you so much for being on the show and help us do that.

Yeah, man, my pleasure. Thank you.

Awesome. Hey Chris, here again. I hope you found this episode valuable. Now I have one more thing to gift you. We have a page for my coaching clients where you can get a free copy of my book as well as much more from previous guests on the show. Just check. Check out nextlevelincome.com coaching to get a free copy of my book, audiobook and much more. I'll send you a copy of my book and cover all the shipping costs as a thank you for listening to the podcast. Also, please like share and take just 90 seconds to give us a rating on Apple Podcasts.