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How having extra cash on hand can fast-track your business growth
What would you do if you made an extra few thousand dollars a month?
Maybe you’d invest into your business, or use it to ease financial burdens so you can pour your heart into creating and promoting your digital course. Or heck, maybe you’d use it to go on a really awesome vacation.
I’m always looking for out-of-the-box strategies to show my students how they can make a few extra bucks — because let’s be real, having some extra cash on hand is never a bad thing, regardless of how you choose to invest it.
That’s why I invited Teri Ijeoma to the show. Teri is the queen of trading and investing, and went from making $60,000 a year as an assistant principal to making millions with her unique approach.
Her digital course, TRADE AND TRAVEL, empowers thousands of people all around the world by teaching them how to supplement their income through trading, so they can design and enjoy their ultimate freedom lifestyle.
I’m so excited for you to hear this episode, because Teri and I have an enlightening conversation about how you can make an extra money, and why this extra cash flow can be such a vital part of being an entrepreneur.
You’ll learn:
- The best time to invest in stocks
- The difference between being a short-term and long-term investor
- Whether or not you should have someone else manage your investments
- How to know what companies to invest in
Plus, you’ll hear some incredible success stories about some of Teri’s students — so if you’re ready to be inspired, then pop in those Airpods and tune in!
Here’s a glance at this episode…
- [06:21] Teri trades stocks and travels all over the world, but her life didn’t always look like this.
- [08:27] She worked as an assistant principal, but wasn’t happy. She made the decision to focus on trading. After a year, she quit her job and start traveling.
- [10:03] As she traveled all over the world, people started asking her about her trading. They wanted to know how to do it too.
- [11:37] Teri was afraid to leave the security of her full-time job, but her grandmother encouraged her to to take a leap of faith — so she did.
- [16:19] Anytime is a good time to start investing, even in a recession. During a downturn, you could focus on short selling or options trading.
- [17:25] Short-term investing is investing for income. Long-term investing is investing is investing for retirement.
- [19:00] Extra income can help support your side hustle. For example, you could use your earnings to hire an assistant.
- [21:24] Knowing what companies to invest in is part of the challenge. Find the best company within a sector, and choose things that move more than a dollar a day.
- [25:09] Teri shares how the $1,000 A Day Club works and some of her student success stories.
- [31:10] Teri shares her journey of transitioning from live coaching to offering a digital course.
- [36:54] Teri’s digital course has created more freedom in her life, and she has surpassed $50 million in sales over the lifetime of the course.
- [41:34] Teri has created the ultimate lifestyle freedom, and lives in Puerto Rico.
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