DON'T DIE BROKE: What's Coming & How to Prepare

All right, what's up? Where you from? Where you from? Drop it in the chat so I can know who is chiming in and who's amongst us. All right, it's a lot going on in the markets today. Uh, Fed just gave another quarter point, and, um, so we may see a little bit of of, of cheap money come back into the market. But there's a lot of things happening right now. A lot of people are going through a lot. I want to talk a little bit about that, and I also want to share with you a huge mistake that people are making in their retirement. Um, and I've, and I've had, I've had conversations with people about it in the past, and I said, you know what, this is something I really, really need to share. Um, so we're going to talk about it today and a few things that's going on. What's up everybody? Um, hey, hey, hey, um, drop where you from, where you, where you chiming in from. Um, you know, I'm in the Chi-Town area, so all right, we're gonna get started and hopefully, um, you are inspired to, uh, stay on your wealth journey because that's exactly what we're here for. Um, man, 2025, boy oh boy. Atlanta, what's up, what's up, what's up, Kimberly? Um, it's a lot going on, y'all, and, and there's just so much— there's so— there's such a division between what's really, really going on in the world and, uh, and what's happening, you know, with money. So I want to paint a picture for you. Um, I don't want you to die broke. I— not if you don't have to. Hey, from New York, from Kansas. North Carolina. What's up from Miami? Atlanta. Thank you, guys. Detroit. Yes, yes, yes. A few people from, uh, from some of the big cities. All right, I, I wanna, I wanna really bring to— first of all, let me say this, uh, Deuteronomy, um, 8. Deuteronomy 8, uh, talks about how it is, it is him, it is God who gives you the power to become wealthy. Uh, wealth is created through a power, okay? And it comes from God. And so if we align ourselves with heaven, if we align ourselves with, um, the purpose that we were, we were brought here for, I do believe that you will have the opportunity to build wealth, okay? From, from Cali, from Chicago, from Charleston, South Carolina, Yes, um, that was the plan. Yes. And so I want you to understand that a lot of times wealth is— is— I know there's some unfortunate situations, but in hindsight, if we can fast forward, right? I think I'm gonna do this myself as well. If we can fast forward into our tomorrow, let's say you 10 years from now and you decide let's say 10 years from now, you, you don't have any money. You, you are horribly poor. You have nothing. Okay, what would that person write to this person right here in, in 2025? What would that person say to you right now? What warnings would that person give you? What, what would, what would that person tell you, beg you to do? I'm gonna write a letter to myself as well because I want to make sure I'm doing every single thing. Hey, from, uh, St. Louis, every— and Kansas City in the house. I want to make sure I'm doing everything to prepare myself for the future. There is opportunity, guys. There's a lot of volatility coming to the market. What do I mean? I don't want to, um, assume that you know what I mean when I say volatility, uh, because some people are new, uh, to this understanding of the language of the market. It means that there may be huge swings to the upside and the downside, uh, in the stock market and in crypto. And I want to make sure that you're set up for that and that you're doing what you need to be done— that what you need to do and what needs to be done to build your wealth, right? So if you— because all of us, in hindsight, if we, if we are in our future and we look back, there's always things that we could have been doing. Always things that we could have been doing. And so I don't want you to miss on this opportunity. Hit the like and subscribe button. I'm going to talk about it, and I'm going to talk about a couple of mistakes that people make in their retirement. But I'm telling you, I do not want another person to die broke when they don't have to, okay? And there, there's so much stuff coming, you guys. Um, you know, looking at the economy right now, repossessions are at an all-time high. Amazon just talked about how they about to cut another 30,000, um, workers. Um, 30% of Americans cannot even afford to take time off of work. Like, they just can't. No, they can't. Insurance is going up, credit cards maxed out, foreclosures are stacking up. And a lot of it is the banks are not even reporting it because they don't want it to show on the books, probably. People getting laid off. Like every— it don't matter where you are, you're one emergency, one unexpected tax bill away from being broke, okay? And we got to set ourselves up very, very different— differently, okay? Make sure you like and subscribe. Um, I am going to— hey, what's up everybody? I'm going to, uh, make sure that you continue to learn on the journey what needs to be done. All right, now let's talk about this because there's a disconnect, okay? I want to help you guys understand where we are in the economy and in the marketplace, right? There's a huge disconnect. And when I say that, um, because I need to address this, man, when I tell y'all— what's up, Stevie J? The stock market is so high right now, we call it frothy. It is high, y'all. Nvidia well over $200. AMD done hit all-time highs. Recently. Uh, I believe Tesla, Apple, Google— Google just won't stop running. NASDAQ, the SPY done hit all-time highs I don't know how many times. Gold, silver, all of it, y'all, across the board. Palantir almost at $200. We'll see what, what happens there. And, um, like I said, the Fed just cut rates, uh, by a quarter point. Um, but that was all, that was all pretty much priced in. Uh, but you know what, even though all of that's happening, it's so scary. Thank you for that, that, that word. It's so— when I tell you stuff is— I mean, I was pulling out— I got, I got too greedy this morning. Oh, you got too greedy this morning? Yeah, you know, honestly, um, let me show you. The stock market is total— it's scary. It's so scary. I pulled out an Apple, uh, you know, it was running, but I didn't, I didn't think it could run anymore. I'm like, this Stuff is so overbought, it's scary. But anyway, you know, when people are looking at their portfolios, they're like, wow, stuff is up, like I made a killing this year. But what's happening? What's going on in the real world? So you got Wall Street and you got people who have invested in the stock market, and they're, you know, AMD paying people, Palantir, Nvidia, like all of these stocks that you in, Apple. I mean Man, things is just— meanwhile, over here, what's going on in the real world? Because you got families that's completely drowning. Groceries is up, and sure, like I said, insurance, rent is up. Like I said, the car repos they just announced was at the top. It's at a height. It's never been, uh, this bad. And it's, you know, right now America is suffering. You know what I'm saying? It's suffering. And this has happened before in history. And so we got to figure out, well, what's coming up next? And you got to understand market psychology, you know, just to, just to the, the type of psychology that's coming. You got to stay paced because they're going to pump euphoria to make you chase, and then they gonna pump fear to make you sell. They gonna manipulate your emotions so your money transfers from your hand today. There's a lot that's gonna go on, but I'm telling you What's crazy is I don't feel the effects. Well, if you're invested, you're not going to feel the effects. And that's the difference right now between people who are in ownership and those who haven't paid attention, y'all. And I'm telling you, I was just telling one of my coaching groups, I was explaining to them, I'm like, people don't really understand what's going on. They don't understand investments. They don't understand, you know, when I talk to people sometimes and I'm asking them, hey, what's the game plan? What do you got? You know, going? Are you invested in anything? It's like, yeah, you know, I've been budgeting real good and I, you know, I've been saving up some money. And it's like, uh-huh, uh-huh, keep going, you know. And it's like, that's it, that's, that's it. Now you haven't missed much, I'm, I'm just getting into it. Um, y'all, we got— it's more than that, guys. It's more than that. Money Money is being made by those who are deciding to, you know, invest their money into assets and things like that. And people right now are being rewarded for the diligence and the discipline that they had to invest their money. And I'm telling you, you guys are here in this community, but it's a lot of people out there that don't know what's happening. They don't know what's going on. They don't know what's going on with digital currency. They don't know what's going on in the stock market. They don't know what's going on technically behind doors and why the economy is where it is. They don't understand inflation. They have no idea. Just left the grocery store and the prices are bonkers. Everyone analyzing the prices people put in their car. I can— I'm telling you, I know that's right, because you looking at— you know, it was a day I didn't even look at prices and stuff. My friends will tell you, like, I just buy stuff and wouldn't Now I'm looking at— I'm like, now how much is this? Because, uh, yeah, no, it's, it's, it's crazy. And I think people are going to be very, very, very, uh, disappointed when they wake up, you know, in the next 6 months and they have nothing. And so we got to start preparing for that. And that's why I want to talk to you about that, because remember, the job security is dead right now, okay? It's dead. And I'm not trying to scare you, I'm trying to prepare you. If even if you have a job today, there's a chance you will not have your job by next year. Like I said, uh, people who aren't paying attention will be the— yeah, they are. And I'm— I have conversations with people. There's a lot of people who don't understand money. They don't understand what's going on. They're like, they just still living, kind of still doing stuff. Maybe they think everything will be okay. I, I don't know. But there's no real intentional preparation happening, and I'm here to really equip you because this is something you're gonna have to manage in, in, in excellence, in, uh, in intelligence. Like, you're gonna need some wisdom with this. This is not— we're moving over into a digital age. Things are changing. Like, um, and, and some people are struggling so bad they don't even know that people on Wall Street— cheers! Oh my God, record high! We made money! Like, they don't— and, and the people who were in on it, and retailers also who got in on Palantir when it was, you know, $20, $30, or Nvidia or Amazon or AMD. They don't know nothing about— if you ask the average person, do you know what AMD stock is? I guarantee you they don't know. And I'm gonna tell you, um, I got something I want to share with you about the retirement, and this is part of the problem. You know, you, you got your retirement, you got— and you still don't know what's happening. I'm telling you, if you lost with what's going on in this economy you're not going to be prepared for what's happening. And there is, there is opportunity that's coming, because when I tell you the stock market scares me right now, um, I'm not saying we can't push up some more if this deal with China goes through. Um, you know, the Fed already did the cut and that's already priced in. We got to just see what happens with the tariffs and with the deal with China. Uh, if, if it's good, then we can pump up some more, and if it's bad, then A lot of people may have some, and so we're looking into that dollar cost averaging to stocks that have great fundamentals. Ignore the noise and invest what you believe in. Yeah, yeah, yeah. And, and Michelle also, um, there's gonna— think about this, guys— there's gonna be some people that's ready to take profits. This thing is high, it's profit, it's gonna be profit-taking, trust me. Um, there are some long-term portfolios and there's stocks that, you know, people won't touch or whatever, but when you have different portfolios, because I got a, you know, different— if you got different portfolios, you have your swing trades, you have your stocks that you're going to sell, and then you may have some stuff that you're not going to touch or whatever. But there will be profit taking and stop losses moved up at this point because things are super frothy, okay? And so, but I'm not trying to scare you, but, um, right now every industry is following the The whole idea that they are going to use, of course, AI to replace you. And so, uh, hey, Beyond Fabulous, uh, we still here. And so, and we're talking about every industry. I'm talking to people who are like, I'm about to— they're laying off jobs in the next couple of months. I won't have my job in the next month. Banking, healthcare, transportation, even creative fields. And so with AI is replacing, uh, positions faster than new ones can even be created at this point. So you need to start— here's what I'm gonna tell y'all. Y'all need to start building something on the side. I don't care if it's a side hustle, if it's investing, learning a new skill, trade, whatever. You got to start now, I'm telling you. Um, and on top of that, people are becoming very desperate. There was a— I was watching a video, and this is good for you guys so you can know what kind of scams are out there, but I was watching, um, I was watching this video where The police had came to this lady's house who worked at T-Mobile, okay? And the T-Mobile worker was at T-Mobile. Now mind you, because I've done this before, so just be careful. A lady came in to give her phone— she was having some problems with her app. She went to the T-Mobile person to try to get help, and I guess the lady was trying to do something with the phone. But you know how sometimes even when you leave your phone and you're switching over to a new phone and stuff, and it take time, and they're helping you out because you don't really know what you're doing or whatever. I've done this again in the past. I know how to do it myself now. But the lady went outside to smoke a cigarette, and so she came back, got her phone, okay, left or whatever. Next thing you know, police is knocking at the T-Mobile lady's house because you know what happened while that lady was smoking a cigarette? The T-Mobile lady went in her phone and Cash App herself from the lady's phone to her phone. Like, and so of course the lady was looking through her stuff. Thank God she looked at it because some people don't even check their accounts and stuff. And I guess she found out, she reported it or whatever. And, uh, you know, of course the lady tried to lie like, no, they got cameras in. And it was so funny because she called her mom on the phone when this happened and she was telling her mom like, they say I Cash App and blah blah blah. And the mama like, well, did the money— is the money showing from your phone to her phone? And she like, yeah, but I don't know. And her mama like, then you did it. You did it. I was like, shout out for mom for not trying to take up for her child. She, you know, and she had a record of criminal activity. So be careful who you give your phone to now. They might Cash App themselves from your account, you know what I'm saying? So be very careful because people are getting really, really, really desperate, okay? And even when it comes to jobs, you know, I saw also— because, you know, I follow this because I want to follow real world events. Okay, and then I'm going to tell you, um, a couple of things you, you better be, uh, um, key about with even your retirement plan because you might be in some trouble. So true, you can't trust anyone. Michelle said, I took a little profit first time and felt great. Yes, take profit, y'all. Sometimes you got to take profit, right? Um, now again, there's sometimes a difference between your long-term and your short. Just know what that is, you know, like even ETFs and stuff like that. Um, and there may be opportunity. So put your cash aside, y'all, because if there's a correction, if there's a dip, if there's a drop— I'm hoping it is at some point because this is kind of scary. I mean, this thing needs to balance out a little bit. I'd be more comfortable if there was a drop. But get your money aside because people will be taking profit. I mean, they, they will. Okay. Um, but there was a story, even, uh, one lady was upset because she got, uh, fired also from Starbucks. And, you know, it was really sad because what she said was this Starbucks job paid for her livelihood. It paid for her rent and her utilities and her food. And now I think they gave them a two— they was like, this, this, uh, store about to be shut down in like a couple of days or whatever. They ain't even give them no time. And man, um, this girl was like so devastated. But it was like she was devastated like almost like somebody would be devastated who left a career job. So in other words, like, you get the sense that emotionally she was tied to this job like it was a career. Like a barista, she's— this is her career. And usually, you know, that's the type of job, you know, people have in between jobs or like coming out of college or something like that. But even the type of jobs that, like, it's so hard out here that Starbucks is a career for somebody, you know what I'm saying? And so, uh, we definitely got to be careful because with our expenses, because even, even every job is— it's a lot of jobs that's just suffering, and you're gonna— you need a side hustle, right? So I want to tell y'all, be— start getting very creative because you're gonna need some side money, you know what I mean? Whatever your skill is, whatever— if you, you know, if you're an entrepreneur or whatever, start writing your vision out and start learning, and whatever you got to do, start doing it. Start learning about money because there may be a time that you, you know, you get laid off and you don't— you know, I'm not saying you will be, but I'm just saying be prepared because so many more— I mean, over the next couple years, I mean, so many people are going to be jobless, I'm telling you, right? Life-changing info. I appreciate that, Renee. So, but here's something that I want to, um, share with you guys. Here's something I want to share with you all about your retirement. Because you better— you got to start paying attention, okay? Um, I want to give you a couple of mistakes that I've, that I've talked to people about that they made. Mistake number one is you have a retirement, and, or you may have moved, maybe it's a self-directed retirement, maybe whatever, and your money not even invested. Some people actually have a Roth or traditional and their money is in there but it's not invested, right? And sometimes even people roll money from a 401k or IRA and then they think they set, right? But that money just still sitting there in cash. It's not in the market, it's not growing, it's dying with inflation. You actually have to put it back into stocks and ETF funds and stuff. So if you've never done that or you don't know, you better check and make sure you're— because what if you This has happened to so many people. Their money just been sitting there for the last 5 years, never been invested in anything, right? You could be sitting on years of wasted growth and you don't even know. You ain't checked your retirement. You left it up to somebody else, or you rolled something over and just thought it was just gonna keep growing. Check y'all retirement. Start getting— start, start getting in it. Hands-on. It's time to be hands-on, y'all. Hands-on. It's time to get hands-on. Um, look, look, look, look, look, look. Yep, I'm telling you, I just did that. Thank you so much for being honest and sharing that. I did that with part of my money and just found out last year. I'm telling you, like, some people don't even know because, you know what I'm saying, uh, what percentage it— I mean, it just, it depends on, uh, Roberto. Um, you know, it's good to always have at least 10% cash, you know. Again, oh, let me say this, I'm not your financial advisor. I'm not telling you what to buy, hold, or sell. Uh, everything I say is for educational purposes only. Investing can be risky and you can lose everything you have. I, you know, speak to your financial advisor if you want, uh, financial, uh, advice. Um, so again, I'm only saying this, um, and telling you what I'm doing, but I'm not your financial advisor. I'm only saying this for educational purposes only. And like and subscribe if you haven't already, please do that. Um, but, uh, if, if there's— if, if, like, for right now, if you— if the stock market is at an all-time high, so some people will be creating more cash right now. They're gonna put more dry powder on the side because some people are taking profits and they're waiting for a better buying opportunity now. So in that case, the percentage is going to increase. You got some people that's sitting on— that might be sitting on 50% cash, 80% cash, if they took in profits at the top. Okay, uh, Renee said, um, uh, somebody said, wow, I literally called my 401k company and thought that— look, look, look, I want y'all to— I, I can't make this up. That's why I shared it, because I've heard this story so many times. I literally called my 401k company and thought that they were investing for me, and they wasn't. You get that? I'm telling y'all, go and look at y'all accounts. It's time to be active. It's time to be hands-on. We gonna learn. I'm gonna help you. Know what you need to do. I'm telling you, we're gonna take this one step at a time because you got to prepare for your future. Um, what's up? Yeah, so what's, uh, or 30 years? Uh, I'm not sure of that question. Ja'Kry, um, rolled it over, I was so upset. Yeah, yeah, yeah, like you roll it over and then you just assume like, okay, this is a brokerage, maybe they'll invest it, whatever that looks like. Um, so what do you think about putting a fraction of your 401k to invest in yourself? I got— I don't know if I quite understand that question. To invest in yourself at 60 years of age, meaning a Roth IRA or traditional IRA? Again, I'm not telling you what, what to do as an investor. I'm telling you this for educational purposes only. But for me, for example, I'm going to max out my Roth IRA first, okay? And the reason why is because I plan on being— have— making more money in the future, right? So if you plan on your come going up and having a higher tax bracket in the future, then you want to be able to pay taxes now. Take that hit now so that when you can pull from your Roth IRA, you won't be taxed. It grows and it grows tax-free, okay? So you good. But if you do a traditional, um, IRA, you get the tax deduction now. But that's for somebody who's gonna work a 9 to 5 and they like, okay, I'm gonna work off a little pension and I ain't gonna have much money. Then they want to save, um, that tax, uh, and they pay it later because they ain't gonna have as much of a tax. But I, I think most of y'all here gonna be wealthier. So I, I, you know, for me, I'm gonna max out a Roth IRA. You only can max it out so much, and then anything else is going to a traditional, um, account. Because again, with the traditional, you take the tax deduction now, but you will be taxed later. And if you, if you have a lot more money, yeah, You're gonna be taxed more for it, okay? The moment I got a 401k, I got online with my account and began and invested, and I'm in the green. Good. And this is what you, you should do, y'all, because the next thing I was going to say as mistake number 2 is that you gave up control. And you got some people that's like, um, somebody said 63% in cash. That's, that's, uh, that's great. If hopefully you took some, some pro— hopefully you were invested in this market as it was going up since the crash back in April. Um, or you got some profits and stuff because that's a lot of cash to, you know, you know, that's a lot of cash to have, 63%. Because remember, when some of that cash, if it was an asset and it's appreciated, and then you make money off your money, so you leveraging your money. But I ain't mad at you. I mean, at least you got the cash. That's fine. Um, you know, when there's a correction or something coming, learning to trade, it helps also. You can beat the markets. Absolutely. Learning to trade is a great skill. What do you think of self-directed IRA? Uh, you know, me personally, I like self-directed IRA. I would max out first with a Roth IRA, um, because it grows tax-free. You pay the tax now, it grows tax-free after that. But like I said, number 2 is I'm pulling a Fractionated Investing, learning and— oh, got it. Okay, yeah, yeah, that's an investment. Yeah, yeah, yeah. If you— yeah, yeah, I think the greatest asset that, that, that there is is you. Okay, I'm my greatest asset, right? So I'm always going to invest in myself. That's, that's a no-brainer. You got to invest in you. You're your asset. So you're the person that's going to be managing your wealth. So what, you know, it's like with any business, the CEO, the, the, the, the, um, the brains of the business— if you're at a cap, then your business gonna be at a cap. So if you don't know how to manage money, you don't know how to make money, you don't know how to leverage money or any of that, you're gonna cap yourself because you, you are the person that's doing all of this. So you got to invest in yourself, okay? And so, uh, smash that like button. Thank you so much for that. Please hit that like button, um, if you're enjoying the content. I'm here to help you to understand how to set up your future and a couple of mistakes that people make. But I've also met some people who don't have control of their retirement, and even when they go in, they gotta fight with them. You know, like one lady told me she had a fight with her, uh, with I guess the manager of her account or whatever to buy Palantir when it was like $30. Palantir just hit like $198 today, y'all. She had a fight with them. They would not invested for her, right? And so, um, eventually she did, and she, she said she— that was a— I did a video on this. It got her like several tens of thousands of dollars or whatever. And so you want to have some control because there are some people— and I heard somebody say this today as well— there are some people who said— who says, yeah, always invest in yourself— that their portfolio this year hasn't grown much. I'm like, okay, so your portfolio has not grown much. I'm like, what do they have you invested in? Even the ETFs has made a huge gain since back in April when the stock market crashed. I mean, once again, everything has gone up. Amazon, Nvidia all-time high, AMD all-time high, Apple all-time high. S&P 500 all-time high 20 times. I don't know exactly how many, but all the time, like all throughout the year. Tesla V-shaped recovery, uh, the stock market in general V-shaped recovery, like gold all-time hot, NASDAQ. Oh, I'm like, how is your portfolio not going? Somebody doing something real wrong. Something is wrong. You have to ask, did they put you in the right stocks? You should be up a ton if you got a good, um, uh, IRA or a good, um, retirement fund. And are they paying attention? Is this just another account collecting fees? Like, you don't have to be a genius at this, you just need to start paying attention to this stuff, right? All right, right. So let me see. Okay, so as Hero says, all of my stock have went up, all of them. Like, who— I'm like, how's your stock not going up or going sideways? There is no way You are— they invested you in all— did they— what they— what they put your money in? Some, some kind of magical dirt from some— like, what, what are they doing, right? Nokia. Nokia is back in play. Like, I mean, everything. So I'm just saying that to say you need more control, and it doesn't take a lot of work to understand what you should be invested in, you know what I'm saying? It's just You know, you just got to be a little bit more intentional. Don't worry. Again, I'm here to just bring that level of awareness and help you up. My 401k is up 21% this year. Would you say, yeah, that's good? Yeah, 21%. Yeah, you got some people don't have nothing. Now I do, again, I do believe that if you're— if you invested at the right time, you should be up more than that. Um, I mean, that's, that's an ETF. That's an ETF, but ain't nothing wrong with it. Don't get me wrong, 21 is 21, okay? 21% is 21%, okay? And I'm answering this question right here, like, ain't nothing wrong with that. It's better than nothing. But I will say that most people's accounts, um, who have— who know how to invest in stock, you could do probably a little bit better. Let me— not every year, it just depends on the year. But this year, absolutely, you could have done better than that. I mean, I got— I mean, like I said, I got VTI stock that's up higher than that, and that's an ETF. Right? And so you got Amazon, I was up, I'm 169%. Like there are some stocks that's up 100%, 200%. Like, yeah, yeah, no, that's, um, so, so it's good. But like I say, if you learn it, I think you can do a lot better. Or at least if you have some level of control, you can go in and even, you know, uh, sell within your, uh, portfolio, within your, um, retirement account. You can sell on top Wait for crashes, re-enter back in. Like, you need to be able to do that. If you like can't do nothing and you just got to sit there, what happens? Imagine this, even crypto is going up. Yeah, imagine this, like what if, what if, um, what if Tesla— okay, Tesla went down, was at $200 and some, it done double, it done went up to almost $500, right? What, what if some— if you see Tesla at this amount and then it was to— this is just an example, by the way. And you watch Tesla do like this, just something happened, and then you watch Tesla just go all— and you, and you invest in a Tesla and you watch it go all the way back to $100, and you ain't— you can't do nothing. That's not good. That's not good because you should be able to watch your stock and say, now wait a minute now, I'm up 300% on Tesla. Like, if Tesla go under You— I don't want to go under 100%. Why am I going to be up 300% and go back down to zero or even in the negative? Like, again, I'm just giving an example. This is not what Tesla is doing or anything like that. I'm just giving an example. Why would you want to sit and watch a stock do that, you know what I'm saying? And when you have no control, you just sitting there watching. Now, it don't win up. And— or say something— say you got a very volatile stock. Go up, come on now, go up. Not— not— I don't want to use Tesla for something like this. I'm talking about something like a swing trade, like something that that you're not doing long term, okay? Where you, you know, you can cash out of some of that at some point and then wait for it to crack. You just have no control and you're not maximizing your account. You, you're le— you could possibly be leaving hundreds of thousands of dollars on the table, right? And then, yeah, stop loss is your friend. If you don't know, you, you can go in there and put a stop loss. You can do a trailing stop loss. When stuff gets frothy like what it is right now, it's time to put a trailing stop loss. You know what I'm saying? Because, okay, if you go up a little more, that's cool, I'm cool with it. But if you start to pivot back and crash, we cashing out. We— and you don't cash out to go buy some, you know, some new shoes. A lot of times you can cash out to re-enter for the next opportunity for another investment, to wait to the stock market, you know, does a 10%, 20% correction. Well, 20% correction like a recession, but you know, whatever that looks like, you know what I'm saying? If the stock market would have come down 10%, That, that would be good. Stevie J say I should have done that. Yeah. Now again, you do have accounts where— I do have accounts where I just, I don't touch it, you know what I'm saying? Because I'm in it so long term that, you know, 3 years from now, I don't matter. I'll ride the volatility for some of my long-term stocks. But there's other stocks, it's like you can take some profit along the way. It just makes sense because you can build your portfolio a lot better. And when you got these people like managing your accounts and you don't know what's going on, you just leave a lot of money on the table. So I just wanted to make you aware of that. To whatever accounts you have, whatever you got going on, do an audit this week. Do an audit in the next week or so, okay? Go back into all your accounts, see what's going on, what positions, how much you up, how much you down. Do you— are you well-rounded in your, you know, portfolio? Do you have some, you know what I mean? Like, what are they doing, you know what I'm saying? Didn't hit— you didn't hit that like button. Yes, yes, please hit that like button. Look, Look, look at what, uh, Rob is saying. Please hit that like button for me. Please just take a moment and hit that like button. It really does help, help my channel. So if you can do that, that's all I ask of you is to hit that like button for me, okay? And if you're not subscribed, go ahead and subscribe. I'm gonna come back, um, I'm gonna make sure you guys are good. I'm gonna keep giving you all, um, uh, wealth-building strategies and tools for your mind, for your money, um. So I— this is what I plan on doing because I want to get you all more involved and, and more financially savvy, okay? You're building a future. God is giving you the power to become wealthy, and I want you to, you know, take, take, take these little action steps, you know what I'm saying? Like I said, get to your retirement accounts, whatever, your brokerage accounts, your savings accounts, your— hey, if you got a savings account and you got a lot of money in there, you might want to think about opening up a high-yielding savings account. You should be making money off of that, off of that money. There's a lot of nice high-yielding savings accounts, you know what I'm saying? So thank you so much. I appreciate those who hit that like button. Question, how do you feel about the interest rate cut? You know what I mean? Like, I feel like he, he, he, he could have went higher. I feel like this was the— you know, the thing is, is that if he would have went higher to like— in, in any other time, if he would have went higher to like a 50%, um, a half, uh, rate cut, it would have shocked the market. But this would have been the time that he could do it, you know what I'm saying? And I think he might— I think that was— might have been a mistake. Um, I think he should have Okay, um, so you know, it is what it is. The market had already— the market wasn't going— you know, I was sitting there waiting to see what he was gonna say because the market had already priced in a quarter of a rate cut. And if it had of, so he could have only shocked the market going up or down by number one saying we not giving no rate cut, and then by number two by saying, um, 50% rate cut. But since the market had already kind of went sideways, it didn't really do much, you know what I'm saying? So, but we'll see tomorrow because this deal with China and stuff may move the market a little bit. We we did get the rate cut, so hey, um, that's a little bit more liquidity that'll come back in. Um, and I'm telling you, the mortgage people are on it. I, I— he couldn't even get off the stage, my mortgage people was calling me right away. I'm like, did y'all just— y'all had y'all finger on the button? Like, let me start trying to get some, I guess, refis or whatever. But I, I think that was a mistake. Um, we'll see what happens, but I think he should have went— he, he could have went to— you know, most people already thought he was gonna do a quarter. You know, he was— he said, you know, all he— how we, we going blind, we don't have all the numbers and all of this other stuff. But you know, he, he is the most nothing saying person that I've ever listened to. It, it'd be like— I don't know if y'all feel that way, I'm sorry if I'm saying that, but I just feel like when that man get to speaking, he ain't saying much or nothing. Like, I'm like, what did you just say? Like, you ain't saying nothing, you know what I'm saying? It was a nothing burger, man. Um, anyway, sorry, I digress. But make sure that you start getting your, uh, um, your affairs in order, your savings. You know, maybe you can get high-yielding savings account. They, you know, can get you anywhere between 3.5% and or 4.5%. Y'all know y'all laugh because y'all probably feel the same way. I'm just saying what y'all feel. I'm like, oh God, he just— he don't be saying nothing. And it's like, man. So anyway, I'll be watching them and stuff because it does move the markets and I got to get positioned. But I'm like, this is a nothing burger. Yeah, like, so anyway, nothing really happened, nothing really popped. I'm watching SPY because honestly, I was trading the market when he was speaking because I thought he was gonna maybe surprise us with that point. And if he had, we would have took off, but he didn't, you know what I'm saying? The ties are flat. Oh yeah, the ties are flat. Open high yield. Okay, you opened a high-yielding savings account a couple of weeks ago. Yes, see, these are the type of moves you got to start making. Get a little bit more for your money. Nobody needs to have their money in a money market. Like, you're not getting anything. You're getting what, one penny every year? Literally, like, that's how I feel about savings accounts. Like, you get a penny a year, you know what I'm saying? Maybe a half. And they don't even make pennies no more. You can't even use a penny no more, right? Carlotta said, yeah, um A big time nothing burger. This is what I think about exactly. This is what— oh, I, I put the wrong one up there. Nope, wrong one. I'm sorry. Big time nothing burger. That's what was— and I feel like that's how he always is. It just— he ain't— I'm like, you, you just— you, you the most nothing saying person I've ever listened to, I've ever lended my ears to. So just came across your video a few weeks ago and I've learned so much. Uh, thank you so much, I appreciate that. Let me, uh, thanks for the love, thanks for the love, Dorian. Um, yeah, we gonna continue to, um, XRP will be getting that. Yeah, XRP might be getting, you know, their ETFs approved. Uh, uh, Litecoin and Solana got theirs. Um, and one more, I can't remember, it's a line here, one more. Um, I know, I'm like, what, Litecoin? But what What's going on? But anyway, um, it should be happening really soon. So, and remember too, uh, I think when Bitcoin got the ETF, a lot of times when these ETFs go live, first there'll be a dip sometimes. So don't be scared if it's a dip. I mean, sometimes there's a dip at first, and then, uh, and then we may see some, uh, some liquidity flowing. I have 4 years of emergency fund. Am I overdoing them? Yeah, you overdoing it. 4 years, I mean I mean, that's a, that's a disability fund. That's— I mean, it's great that you have that, but that's a disability fund. You could— it depends, and it depends, it depends on where is that emergency fund. Like, is it in a high-yielding savings account, or is it, you know, are you making, uh, are you making enough money off of it, you know what I'm saying? So it just really depends. Again, everything I say is, it's not financial advice. I'm telling you what I would do. This is for only educational purposes. I'm not your financial advisor, and I can't tell you what to do with your money. I'm just saying what I would do. Um, I don't think I would have a 4— because like, that money could be invested in something else and make a lot more money. Um, I mean, the S&P 500, just ETFs alone, can get you 20% a year off of that money. So even if you have it in a high-yielding savings account, you're still not gonna make that much money. Um, I think you're leaving some, um, some, some meat on the bone. Okay, I, I personally think you're leaving some meat on the bone. But, uh, but hey, kudos to you because I never heard nobody say they got a 4-year emergency fund. I'm like, that's a, that's a, that's a long-term healthcare plan. That's a disability plan. Um, but that is so good. Um, it's funny, but it's, it's amazing that you have that much on the side. I love it. Uh, you think Bitcoin is still gonna go? I, I mean, I think— I don't know, you know what I'm saying, what the timing is, but I'm still long Bitcoin. I'm not selling any of my Bitcoin, y'all. I, I'm Bitcoin. Bitcoin to me going to $500,000, a million. Bitcoin going up is going to $200,000, $250,000. $500, it's gonna make— I don't care about all of this other stuff in between, the in-between time. I don't care about it. I am Bitcoin long. I'm not selling any of my Bitcoin. I have another— a lot of other stuff to sell. Bitcoin is something I am not selling. That's me personally. I ain't telling you what to do with your money. Um, I do have some coins that I am selling, um, and taking profit along the way, and then I have some that I'm not selling at all. Yeah, I'm waiting to certain points. And if they don't— I'm taking profit along the way, but there's, there's cushion over here for us for way in the future. Um, uh, by end of year, $120,000, $130,000 by any— shoot, Tom Lee still think it's going to $200,000. I'm not saying I do, but we'll see what happens. Um, but I'm still just— if Bitcoin pulled back under even $100,000, I'm just loading, I'm just buying. For me, Bitcoin isn't about what the price is, it's about position for me. I, I don't mind having a position in Bitcoin. Um, what should we keep emergency fund? Uh, emergency fund, I, I like, um, you know, keeping my emergency funds in high-yielding savings accounts. Yeah, so you can— and or, you know, think about this too. I mean, it's not the best thing, but if you do have a credit card with no debt on it or whatever and it's a nice little amount on there, it can be used as an emergency, you know what I'm saying? But of course, you know, the interest on that ain't good. So if you ever have to actually use it and then it's got a high interest rate, I, I don't know if that's, you know, really good. But maybe a last case scenario something like that. But it's good to have an actual emergency fund that's making money in maybe a high-yielding savings account. That's the most simplest way. You— everybody has a different strategy, you know. That's some of the things that I teach in my coaching program. I look at individual portfolios and stuff and kind of help them, you know, with where they are. I match them where they are because everybody got a different plan. It's just like the stock market, you know what I'm saying? I can't tell you when to sell or anything. It depends when did you get in. Did you get in on the bottom? Did you just get in? You know what I'm saying? So It just depends, or whatever. Might want to put it in a trust. Yeah, you know what I'm saying? And everything should be protected, by the way. I, you know, I don't go into that right now, but everything should be, uh, protected. Um, but, you know, I think a high-yielding savings account is a great place to put an emergency fund, not to keep it in a money market in a savings account because you're not making anything off of it. Uh, Stephanie said 4-year emergency fund is— wow, most people can't get to $1,000. Most people can't get to a 1-week emergency fund in this economy. So again, my— I mean, my hat off to you. That is a beautiful thing. But definitely, I, I, I would feel like I'm leaving meat on the table, uh, on the bone. Sorry. Uh, if you can hold crypto to 2030, yeah, like crypto, it ain't a matter of if, it's a matter of when. Um, okay, uh, I think we see a dip and then a rise with Bitcoin, and perhaps, yeah, and I'm buying all the dips with Bitcoin. I'm Bitcoin long, and even my utility, um, me personally, I'm holding, I'm holding, I'm holding. Okay, I think these utility coins are gonna pop. I think people are pulling the rug from under some people's, uh, feet. I am being patient. You're not gonna take my stuff, okay? Uh, let's get over 100 likes. Thank you so much for that. Okay, my coaching program, you can find that, um, in the description all the way at the bottom. You will see, um, you will see my, uh, the links for it, okay? So first of all, if you haven't already joined my, my membership for on YouTube, um, I do go into a little bit more detail with, with some things, talk about money mindset and strategy, you just can hit that join button and that's only $3.99 a month. $3.99. For Android users, it's even less, I think it's $2.99. Okay, so you'll get exclusive, uh, live streams, deeper Q&A sessions, and real-time breakdowns of what I'm doing and why. And then, um, the full transformation where we target your mindset, your health, um, your wealth from the ground up, look at portfolios, all of that, that's my 90-day health and wealth challenge. You can join that from the link in the description. And then my one-on-one, uh, coaching session, the link is there for that as well. Um, so I want you guys to get positioned. Uh, just a few plays I'm in. Thank you so much. Uh, if you're dealing with crypto, you should have a crypto LLC. I believe that to be true. Um, again, not financial advice at all, just for educational purposes only. Um, I am holding— just to let you know the plays that I'm in, I always let y'all know before I leave— I am in Amazon. I actually got into an Amazon was it today or the day before? I think the day before. So, um, that's doing good. I got— I re-entered into Poet. Now I'm watching it because, um, you know, again, these contracts are pretty long out, but I saw it as some support that I bought it for a few times, and I made— this is my third round of making money off of Poet, and I'm buying it at this— I got it in at the same price. Um, I, I ride contracts up and then I re-enter them, so It was at a level of support that I've been watching at the 4-hour. So I got back in. I just— I'm scaling up in case it's not— in case it's gonna tank or something, or something don't happen with this China deal. I think we'll have a correction and the markets may fall. I got stock— I'm in profit on these. And then I got back in. Google did me really good, but I wish I had a— you know, you got one of the things where you wish you had to stay, but then not, because I made profit. I can't chase. I ain't no FOMO here. Um, What else am I in? I'm still in Lyft, and I am still— I'm missing one, I'm missing one. Baba. I'm in Baba. I got in Baba, and Baba paid me real good, um, even from the time that I've gotten in it already. And so, um, I'm going to be loading up on Baba if this deal goes well with China, because, uh, that is going to be a good— that's going to be good for Apple. I shared this in another video. That's going to be good because Apple is a— all their phones is from China. So, uh, but if this deal don't go well, uh, we might not you know, some Apple may take a little bit of hit. Okay, I went over that in one of my videos. Baba Alibaba and app. And I'll be, um, buying some Alibaba shares. Um, yeah, yep. So, um, I just wanted to keep you guys abreast of what I am working with. Thank you so much. Fabulous is a member, and, um, the members also get, um, videos that the public don't get. Okay. Um, so you can go back and watch some of the videos there. Uh, can you touch up on Amazon? They got earnings tomorrow. I mean, I, I like Amazon. I'm team Amazon. Amazon is like a lot of people— I went over this, uh, in one of my videos. I did a deep dive into Amazon already, did a whole video on it where I just talked about, um, their AWS. And so Amazon Web Services. And a lot of people don't understand when they see those little trucks outside and people are like delivering stuff That's not, that's not the bulk of their company. The bulk of their company, 70%, is the AWS. They own the internet. If you want an app and you trying to get to the internet, will crash if, if AWS is not working. And we saw that a couple of days ago, and I went through all the things that was having an effect when the AWS went on, when, uh, or got interrupted or whatever. And so it just lets you know how powerful Amazon is. And they're about to start teaming up with like, um, the pharmaceutical— like they about to start delivering prescription medicine and all kind of stuff. So they have been evolving for a very long time. And so if you're thinking of Amazon as the Amazon workers or the shopping store or whatever, that's a little small part of, uh, Amazon. Amazon owns the internet. They're a beast. They're infrastructure people. They're— if, if they not working, your app, your business, your online stuff is not working. So they are Uh, even if they don't, you know, sometimes they don't meet the quarterly earnings and stuff like that, it don't matter. They ain't going nowhere. Amazon is a 2026 pick for me. It's a pick for my kids. I got, I got my kids' stocks and shares in Amazon. I am team Amazon. If it takes any type of hit, I will be loading up. Okay, uh, rinse and repeat. Yeah, how do you feel about REITs? I'm okay with REITs, you know what I mean? Especially if you want dividends and stuff. They pay you every like monthly or every 90 days. Um, and, and they, uh, you don't— it's like, it's like being able to be— have exposure to, you know, real estate without having to do the legwork, you know what I mean? So, uh, it's a, it's a good investment. Um, I'll— certain ones are a very good investment, but it's like, you know, there's a lot of different, um, you know, there's a lot of different avenues you can take for to diversify your portfolio. And so I think REITs is really good. I love them. And some people just absolutely love, you know, owning REITs to be able to have a partake in, in real estate and not have to really do anything. And I mean, some of these REITs are really— they, they pay their people real good. Now they don't grow. Let me just say this real quick, and I— and maybe I could do a video on it, but they don't really grow a lot. So it's not a growth company, and I like growth companies in a sense right now just because I'm younger. And so if you're younger, you may want to go, you know, a higher percentage in growth, you know, whether it's like 60, 70, 80% growth, and then you know, maybe a 30, you know, 20% in dividends. But if you're older, you may want to do, you know what I'm saying, the opposite, you know, 70, 80% dividends and 30%, you know, um, uh, growth companies or whatever. And so REITs, they don't grow because any, any, um, company that's paying dividends, they don't— you know, Apple do good dividends too, but, um, but not like, uh, you know, like a nice amount or whatever they pay you to own their shares. That's why they probably move a little bit slower, but they are also a growth company. But, um, REITs are not gonna like, yeah, grow a lot because they won't— they paying you, they're paying you dividends, okay? And so, but you got like, you know, like the, um, the real estate on that owns like, I don't know, the Walmart lands or whatever. Like, these are, you know, very profitable, you know, companies or whatever. So, you know, it's, it's up to you, but just know it's not a stock that's gonna like shoot up and, you know, it's not like that, but they pay you dividends. So that's solid, that's solid income that's coming in if you build a good position. Okay, so that's the quickest way I can explain it or whatever, but it's good to expose yourself. A lot of people ask me about it. I like them, I like them, and I suggest certain ones too. Okay, so, and it's diversifying, you know. And then you got some people who love owning their own properties and stuff like that. You know, I own real estate, so, uh, I love it. Uh, yes, I do. Oh, um, somebody asked, do I, um, have BBII? I do, I do. I'm, I'm kind of long with BBII, so I'll see what happens, but Yeah, I do. Um, yep. So to put those reads in your tax-free— yeah, yeah, yeah, yeah, that's a— that might be a good idea. Tax-free. Remember, some of these stocks— remember, go back to your— go back to your, uh, account. You might not have nothing invested. Now you can start investing in some dividend stocks, some growth stocks, some ETFs, you know, or keep a little cash for a little bit of correction, because again, this market is crazy. Okay, so, but That's a good point. Go back to your— and again, for the person who was asking me about the BBAI, I'm not telling you what to own. You don't know when I got in, you know what I'm saying? Everybody got a different— but I am holding some BBAI for long term. Okay, so I like BBAI's chart until I don't. Okay, until I don't. So, but right now it's looking good long term and I'm looking out at the monthly charts and stuff like it's looking pretty good. Okay, for me, for 20— and I'm looking out into like 2026, 20, you know, so I'm not even thinking about it for like now, but it's some stocks that I'm holding for the future. Okay, um, somebody just asked me also have I heard of BMNR. Not only have I heard of it, I buy it every day. So I like BMNR. So, um, I think they said it's going up. Yeah, so, um, I hold it and, um, I've been buying it on the pullbacks. I've been buying it. I've been buying BMNR. For when, when Ethereum crashed. I've been buying, but I also buy a little bit of B— I think they— I, I think that's— I gotta look at my DCA list. I have a DCA list of certain things that I buy daily, weekly. Um, some of them I buy daily, some of them I buy weekly. I think BMNR is on that list. Um, I like BMNR though. Okay, so, all right, thank you so much. This is so sweet of you. Thank you, thank you. I appreciate all the love. Somebody said, oh my God, you're on it. Uh, Rich Tech Robotics, I don't know much of— I don't— I haven't done a deep dive into it, so I can tell you about that, um, once I do. Um, but I'll put it on my list to, um— I mean, I, I got surface level information about it, but yeah, I'll look into it. Um, all right, thank you so much, Roberto. Just want to say thank you, Queen, for all the information. I appreciate this right here. You guys are showing me so much love. I thank you guys. I appreciate you all just taking some time out to rock with me. I'll be back to give you some more information on your wealth-building journey. Again, make sure you hit that like button on the way out, and all the links that you were asking for is in the description, including the membership to join on right here on YouTube, and also my, um, 90-day challenge, um, where we help you to get your, your health and your wealth in order. Some people don't know I'm a health coach, so I also deal with, um, your health as well. And, uh, um, I often use, um, I always use biblical principles as well, um, because I believe in biblical principles and I believe, um, that God has given us a design and a blueprint that we can live by and be very, very prosperous. Okay, so, uh, again, links are in the description. Please do your due diligence, go look at those accounts, and hopefully you guys, um, you know, can start implementing some changes that need to be made. And if your broker, uh, who— your, uh, wherever your accounts are, if they're like, no, you can't do this, tell them, threaten them and say, okay, well then I'm gonna roll this over into another account. So what's the starting step on that? Just— you're not gonna play games with me. Um, I'll roll it over into someone somewhere else where I do get a little bit more control. Okay, you, you're not gonna play games with me this year. I'm trying to build wealth and you're not gonna get in my way. Don't die broke. Don't let nobody get in your way. And get educated and start implementing these practices little by little, and I promise you, your tomorrow will be absolutely wonderful. All right, I'll see you guys later.