Four seven two eight three zero five or go to don't invest in Forget dot com securities and advisory services offered through N.P.C. Registered broker dealer member for P.C. It's habit forming. Katie Kelley Howell tells San Jose San Francisco Bay Area as business leaders services. From the box business network all Wall Street the major averages closing higher lifted by the latest batch of strong quarterly earnings reports with the Dow closing up forty points Nasdaq up forty eight S. And P. Five hundred up ten and the Justice Department says a trial judge ignored fundamental principles of economics and common sense when he allowed eighteen thousand Time Warner to merge the government's argument coming in a brief filed today with the federal appeals court in D.C. The Justice Department is challenging the decision by a lower court judge that opened the way for one of the biggest media deals ever and more and more business travelers are spending their days and nights at Air B.N. B. And other home sharing sites pieces that nearly seven hundred thousand companies have signed up and booked rooms almost triple the number since last year but home sharing companies still have a long way to go to catch up with hotels Marriott International says business travel accounts for seventy to eighty percent of nights at its hotel but the Fox Business Report on. Geopolitics and tough trade talks have not rattled the markets much this year but the Fed raising interest rates well that could move a needle or two I am Jason Middleton and I cover business and finance markets have been almost impervious to tariffs and tough tweets but volatility will no doubt return and with it a possible opportunity you could benefit in choppy markets if you have the right skills online trading Academy has a patented education system that helps would be investors learn to watch for market opportunities the Academy has a free introductory class that introduces ways to navigate the markets and meet your financial goals which could be retirement college costs just more monthly. New to get registered for the free online training academy class is easy text K D O W two seventy nine seventy nine seventy nine K D O W text seventy nine seventy nine seventy nine or you can register online at O.T. Eight class dot com And when you attend that first class you do get an investor's kit as well just text Haiti O.-W. 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Approved strategies designed to reduce or entirely eliminate your two. X. By call me personally and let us help you create the life you were meant to live I'm Dr Chuck thanks for listening call Dr Judd directly had Stanford property one eight no taxes easy to remember one eighty eight no taxes and listen to Dr Chuck Saturday afternoons in to hear on AM twelve twenty K D O W. Sponsored by online trading Academy today's show is provided for entertainment and general information purposes opinions expressed are those of the presenter only we make no promises or guarantees of investment performance online trading Academy is not a broker dealer or a certified financial planner or registered investment advisor enjoy the show. Welcome to the show your first time you are. Letting the Broncos we're excited to have you with us today your handle my great record instructed to go instructed on a trade I always say he is who everyone wants to be like because everyone wants to be like him he's the brains of the operation and his name is the one the only Larry Jacobs and Larry how the heck you doing today doing great RYAN How you doing today I am doing fabulous Fi's any better I'd be twins now one of the things Larry Larry and I always chat about on this show and even before the show and after the shows we're always blown away it how fast of an hour this is this is the fastest hour of the week but it's also one of most fun hours of the week that I have that I get to have and I get to spend here with Larry and get to spend with you our financial family and we have to talk about one of our favorite subjects which is making money and if you're like me you grew up with parents who told you it wasn't polite to talk about money so this is where we get to kind of have that that rebellious moment where we get to go back and be twelve years old and we have to talk about money but not just talk about money for the sake of being rebellious and doing something that our that our parents maybe told us not to but we're going to talk about how to make more money right how to make more money specifically outside of our financial markets what are some of the keys that we need to use were some of the key. Kind of components that we need to have in order to generate that consistent income. Inside of the markets when we use the word consistent that's something that we're going to talk a lot about over the next hour but that we're consistent is important to generate a consistent income we have to have a consistent strategy and so what does that mean right the key to consistent income generation is to be able to make money no matter what direction the market goes OK well what does that mean the market has three directions it can go up. It can go down it goes sideways the average situation that we're in only makes money in one of those directions right so two thirds of the time we stand to not make money or even worse lose money so one of the things we're going to spend a lot of time on today is how to supercharge your investments how to supercharge your income inside of the financial markets by having a consistent strategy that will help you generate income whether the markets are going up down or sideways and Larry you work with the instructor team on a regular basis you spend more time face to face with students then I do and something that I'm jealous of that's one of the things I love so much but what are some of the things right now that you guys are really really pushing out to the student base new students existing students to really help them be consistent because let's face it between trade wars between interest rates between job reports we get a little volatility right now in the markets Yeah well actually it's funny I was talking to a student the other day and funny enough we started to get into the whole concept of fear and more importantly living in a comfort zone you're not even sure you created what I mean by that is a lot of our students come in with a false sense of reality here's an example most students that come to the academy like most people out there only know how to trade one direction to the upside they've been told their whole life the only way they can make money is when the markets go up when the markets go down it's bad but as I said to the student and you think about it Ryan we now know that if we're buying and we're selling there has to be somebody on the other side of that trade So if we're buying all the time that means somebody else is selling stock and especially when the market's turning go down which we're all anticipating when that's going to happen like it happen in two thousand and eighteen most people don't know that you can do what's called shorting the market and simply what that means is that you're able to take advantage of market corrections the markets fall three times faster than they go up and so many people don't have any knowledge about the fact that shorting the market is definitely something that's affordable to them because they're just going to be trading like the institutions so when we get a correction likely happen happen. When Goldman Sachs made a ridiculous amount of money they made over like twenty million dollars in one day two hundred two hundred million in extra zero nine hundred million two hundred million dollars in one day it was because of the fact that they knew what price got to a certain point they were ready to start selling and because of the fact that we as novice traders out there most people listening are in this bucket we've now learned a trade like the institutions but most people will say oh my god they start to panic the market's going down and doing exactly what the big banks want so the important thing of this lesson right now is you need to get educated say you know all the rules of the game right now you've only been taught fifty percent of the rules and you're asking yourself all the time why do I go through this constant up down cycle of making money then losing money it's because you haven't learned like the professionals that there are areas where you can be going along where it makes sense you're buying those stocks or those equities cheap and then you're selling them when they get expensive like anything in retail it's Buy low sell high Yeah absolutely buy low sell high has been around for thousands of years that we are around for thousands and thousands more now one of the things that that you were touching on is that one to one relationship in the market there's always a buyer and there's always a seller actually had a couple come out to the school their brand new bride and Gail and that was the thing they said that really kind of was one of their big aha moments when somebody is buying there's somebody selling Right that's true anywhere if you want to buy a home somebody has to be willing to sell you that home if you want to buy a Snickers candy bar somebody has to be willing to sell you that Snickers candy bar that's how everything really works there's that one to one relationship so when there's a buyer in the equities market there's a buyer in our financial markets there's also a seller so somebody's not thinking it's going to go up or somebody's even positioning and positioning themselves to make money as it's going down and last night I was working actually with with a class online with a group of students online and this was one of the things that we were really stressing last night really trying to emphasize is down markets bearish markets falling markets are usually viewed as a bad thing their use. Viewed as a bad thing because ninety percent of the people out there only make money when the market's going up but our number one goal in last night's session was to get that group of students to be able to start to identify bearish markets as an opportunity an opportunity to make money just like you were talking about Goldman Sachs and that two hundred million dollar down day that they had but one of the first steps in order to be able to identify these down markets right to be able to identify the turns in the market to be able to get short to be able to make that more income generate more income as the markets are going down is to learn how to do it what's a great place Larry that you can think of the people could learn how to do this you know let's give away some half day tickets What do you think I think I've got a stack of them right here so we'll give away some tickets to one of our half day classes so right now that's what we're going to be doing you have a couple of these classes coming up in your area and have to take classes where you'll see exactly what it takes to really take control of your money generate that income whether the market's going up down or sideways and in just a second you can have a chance to win a set of these passes and so get your phones ready and if you're driving now is a great time to pull over but included with your passes are going to be a professional insider's kit that's packed with lessons from some of our top instructors lessons on topics like enhancing your retirement strategy how to make money when the market goes down income generation capital preservation crypto currencies and much much more the professional insider kit makes it so you can get started right now callers ten through twenty when you get a call now and reserve those seats eight seven seven three three eight eight seven two three that's eight seven seven three three eight trade and it's going to be in color twenty one don't get upset just go over to free ot a class dot com and see if you can score some passes there now Larry what are some of the other kind of what I like to refer to as golden nuggets that you and your instructor team really dropping out there on the students for things that they really need to be paying attention to or things that they need to be sharpening up on in these times of volatility Well let's just face what's going on right now the markets are going higher and higher right now much higher that was in two thousand with the tech bubble much higher than it was in two thousand and eight during the housing crisis and so we have no idea right now how far this market can. PAUL And so we're really emphasizing to the students you have this time now to educate yourself doesn't matter how old you are your background you know what your current situation is right now that information will be crucial especially if you have money that you have in savings that you have any type of portfolio out there that you're trading you need to start taking advantage of this information because you don't want to be on that side again on the losing side like we were in two thousand and eighteen when all of a sudden we saw these equities just start tumbling So let's talk about what the big banks institutions did back in two thousand and eight they actually were shorting the market and so right now people have time to learn how to be able to make money when the markets go down and to me it's always been we've talked about this right now the analogy of a car most people right now a bought a car that does not go in reverse it only goes forward because you only make money when the markets go up now you can do that and you can go around in circles in your car but it's a lot easier to have that functionality of be able to go forward and backward and so many of our students have been anxiously waiting for this correction to happen because they know this time they're going to be able to make sales that can quit to a large sum of money but then more importantly they'll have cash waiting for those basement bargain sales to buy long again like many of the institutions did back in two thousand and nine yeah and drive is a good gear right drive is a useful gear in our car we do need to go forwards and so is buying buying and holding some of these assets but buying and holding them to a point remember it's always going to be buy low and sell high and that sell high part of the equation is critical if we want to be profitable in these situations so while Dr is useful and reverse is useful they're both required they're both required in order to have like a successful journey down the road right same thing inside of the financial markets we get so focused because of our bullish bias because we're consumers so we just buy buy buy buy buy right that we are naturally kind of on that bullish side of the market but the thing we've got to remember is we've got to sell high in order to have profits right we also need to be able to exactly like you said put it in reverse and be. Able to profit on the way down that's one of the big things that separates the professionals from everybody else is they're making money no matter what direction the market goes you know I always say their strategy is not market direction dependent right they can make money no matter what direction the market is going that's one of the things we cover out of our half day class Larry are you ready for another giveaway let's do it all right we'll have to class let me give you a little secret here they have a class is really about three hours long and there's lots of things that you can spend three hours doing you go to will you go watch Avatar avatars three hours long I think heat is like three hours long around a golf about three hours long when you start looking at how that stuff is going to really benefit your life it's really not going to unless unless that round of golf is a step for you to get to the P.G.A. Tour it's not really going to benefit your financial future that's what we call spending time doing something what we like to say is come out on one training Cademy and invest three hours of your time so you get a better financial return inside your portfolio right now we have classes coming up in your area and they have to classes where you're going to see exactly what it takes to put that car in drive and put that car in reverse so you can make money when the markets are going up or when the markets are going down and in just a second we're going to have a chance to win a set of these passes to one of our HAVE to classes to get your phones ready and if you're driving now is a great time to pull over include in your passes are professional insider's kit now this kit is packed with lessons from some of our top instructors lessons on topics like enhancing your retirement strategy how to make money when the market goes down income generation capital preservation crypto currencies and much much more the professional insider kit makes it so you can get started right now callers ten through twenty we need you to call now and reserve those seats eight seven seven three three eight eight seven two three that's eight seven seven three three eight three it's going to be in color twenty one don't get upset just go over to free vote see a class dot com and see if you can score some passes there we got to take a quick break but Larry what do you have a force Next let's talk about what everybody is concerned with how do you generate additional supplemental income it doesn't and so you have to get additional income in the financial markets with Ryan and Larry will be right back. 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Dial pound to five zero and say the key word easy order. Welcome back if you're just tuning in you missed Larry Jacobson director of instructor development and top instructor at on line training academy he's the brains of the operation really shed some light on how to put the car in drive and how to put the car in reverse and so what we're talking about in there is how to generate income whether the markets are going where the markets are going or the whether the markets are going down having that that strategy that can generate money and not be market direction dependent right right now the average investing situation is a bullish situation meaning we're buying and we're relying on prices go up and that's all great when prices do go up but there's also a time when prices go down and the thing I told my dad back in two thousand and his private two thousand and seven two thousand and eight when I was first having some of these conversations with how to kind of better and better manage some of his stuff I tell him dead this isn't a roller coaster you don't have to write it down to write it back up you know in a rollercoaster you got to gain that momentum so you get back up the hill this is not a roller coaster we buy low and we sell high and that's what the professionals do every day and that's one of the big things that really separates the pros from everybody else is they know when to buy low they know when to sell high and they also know when to sell short they know when to get bearish and profit as the markets are going down we talked in the last segment about Goldman Sachs actually having a two hundred million dollar day back in February when we had one of those big market crashes one of those big down days that we had back in February is probably going to be their biggest earnings day of the year when the market went down so think about that Larry in the last section actually even talked about how much faster the markets go down and this is one of the reasons why I don't have to classes we really try to stress the fact that down markets should be viewed as opportunities opportunities to generate more income even in a smaller amount of time but as far as the supplemental income as far as the primary income Larry I know a lot of students are coming out just looking to fill in some gaps they're saying hey you know what I love my job I love my life I would just like to have a little more financial freedom and other people who are coming out and I talk to somebody couple weeks ago actually coming out saying hey I want to fire my boss I don't want to do this anymore I want have complete control I had a lady say that her for a one K. Was going to be her new employer and that's why she was. Learning how to manage it but what are some of the keys you guys are kind of installing out there with the students for them to be able to generate that consistent income inside of the market no matter what direction the market's going we bring up a great point Ryan in the fact that a lot of our students coming in really what they want they're talking about money but what they want is freedom they want to have the ability like you say to leave a job they don't like because they're really tired of somebody else measuring their worth they want to find an opportunity where they can make money they can set their hours and they can live the lifestyle if they choose we have other people that come in that are really interested in spending more time with their family want to go on more vacations some are actually tired like I was of not understanding the rules of the game and they want to simple step by step investment strategy which we teach at the academy that helps them be able to generate more money and finally we have people coming into this want to help other people they want to be able to do more volunteer work whatever the reason is and again it doesn't matter what age you're at what your background is if you're coachable and somebody who really wants to make a change in their lives year after year you keep telling yourself you want to make changes just like New Year's resolutions the problem is it never comes to fruition Well here's an opportunity to spend half a day with us to be able to understand how people generate income and really if you think about it you've mentioned this in numerous amount of times or I and most millionaires have an income stream of at least five different independent streams of income coming in and none of that really requires them to work yet another job think about it by going to another job you think it's going to help you financially but in reality it's taking you further and further away from your freedom and so that's really the biggest nugget that people learn is wow I can actually make money trading that can supplement income to allow me more time because you know why and that's the one thing we can never get back in life is time time is a lot of people will say Your time is the most valuable asset that we have a full time is also a deteriorating asset right at one point in time the amount of time that we have left here is zero that's one of the things that we all have in common and so that's why they always say when was the best time to plant a tree yet. Today right one of the best time to learn how to learn how to generate passive income yesterday right one of the second best time today there's a couple different types of income out there we've been talking about primary income and supplemental income but also you can categorize it a different way with a passive income we can say active income and active income is it is waking up in the morning and and analyzing where the markets are and buying a futures contract selling it a little bit later you know or selling it short and buying it back right analyzing that situation and generating a little bit of income going in and doing that work and then there's the other side of passive income where you start talking about rental income or you start talking about derivatives and going in and selling different options around different situations renting out your stocks to somebody Little things like that now that's income that's generated without you actually going in and doing something that's something that's that's like the money at work you know my grandfather always used to say there's men at work and there's money at work you know which which one you want which one you want to do they but the thing is that we almost always start with active income it always starts with men at work right we go in we work we generate all this money but then the whole thing with our retirement accounts is to have them generating this huge amount of passive income so our golden years can be golden rather than maybe bronze or even or even scarier I guess would be we don't want to have our golden years just completely spent at the at the Golden Arches but to get all this started to start off with a passive income and start building out some start with the active income and to start building out some passive income on top of it one of the things that we need to do is we need to get gets out to one of our half day classes so you can see exactly what it takes to get this stuff going and Larry I know we stuff some passes the way are you ready to give way let's do it all right all right now you've got to have to class coming up in your area they have to take classes are about three hours long you can spend three hours and I emphasize the word spend you can spend three hours golfing you can spend three hours at a movie or you can invest your time rather than spend your time and invest your time raising your financial I.Q. And learning how to generate active income in the market or passive income in the market depending on which situation really fits best for you but like I said right now we've got half the classes coming up in your area and they have take classes where you'll see exactly what it takes to do just that and in a second you'll have a chance to win a set of passes to one of these classes so get your phones ready and if your dry. Going now is a great time to pull over include with your past is our professional insider's kit this is a kit that is packed with lessons from some of our top instructors lessons on topics like enhanced in your retirement strategy how to make money when the market goes down income generation capital preservation crypto currencies and much much more the professional insider kit makes it so you can get started right now color Center twenty we need to call now and reserve those seats eight seven seven three three eight eight seven two three that's eight seven seven three three eight trade and it's going to be in color twenty one don't get upset just go over to free a class dot com and see if you can score some passes there now Larry a minute ago you were talking about job and somebody's going and getting a second job and how that usually gets us further away from our goals because we talk about financial freedom right and I always like to emphasize the word freedom because you can go get another job to generate more money which would be the financial part but that actually takes away from the freedom part and that's where the financial markets can be can be so useful because you don't have to put in a full time job or the hours to generate really that full time life and when you look at job you know that's why I was like this my one of my favorite acronyms that I would like to throw out in the show is is what job stands for a lot of our listeners you've heard this before but Job stands for just over broke J.O.B. Because we're generally in a situation where one of our biggest fears is that we lose that job because we rely on that job to support everything that we have in there you made a great point about the average millionaire in the multiple streams of income that they have they don't have those sleepless nights worrying about their job right because they have multiple streams of income and when you have those multiple streams when one goes away that's OK you just repeatedly go and build another and I think that's one of the big things that we can spend a little bit of time on here what are some of the what are some of those multiple streams of income that students are generating right now in the markets where you said something very powerful you said emotional and strategic that's really the key when students come to us for the very first time they're highly emotional they're living in their comfort zones they've been told their whole life this is too hard I can't do it or I can't make money in the markets every time I've tried I've lost money so they create this had trashed the idea that. You're going to lose over and over again in the markets not a safe place to invest your money well that's completely the opposite because one of the things that we spend a lot of time with our students on is teaching them how to be more strategic but it simply means is being patient and waiting for those trades to come to you I heard one person actually describe it as like a bird of prey they sit in a tree and they wait patiently for that moment to swoop same thing happens in the markets there will be times where you're going to be able to see opportunities arise over and over again based upon where the big banks and institutions are buying and selling and you'll be able to participate in those movements you know most people come in and basically I like to use my acronym of poor which is passing over opportunities repeatedly they say year after year I've got plenty of time I'll get to it and the problem is they don't and instead of generating multiple streams of revenue what they realize is they are dependent upon these other jobs maybe there's a couple extra zeros at the end of their income because they never learn how to manage their money and grow it properly it just turns into extra zeros at their end of their expenses so really it's about the nuggets here it's getting yourself educated understanding how to protect your money first and foremost and again this requires no special training other than learning the right way to do this and that's why a lot of people miss the mark they try to do it there by themselves and they fail miserably you know when you talk about passing over opportunities repeatedly reminded me of some of the one of my buddies used to always say I call him my buddy he's a great friend of mine is amazing mentor but as you say the only person making money passing is an N.F.L. Quarterback and he'd say and I don't see a number on your back but it's kind of an interesting kind of commentary to go along with that because really that's what happens is when we pass on these amazing opportunities we're really costing ourselves through opportunity costs you know exponentially you know life changing amounts of money and that's that's one of the things that's so much fun about the markets is it gives you these opportunities but at the same time as individuals we have to be ready to step up and take those opportunities and one of the things that can help us kind of confidently step into the markets and take advantage of the opportunities not only identify them but take advantage of. Them is a solid education and that is something that we deliver out of the out of the have to class and Larry we've got a few passes and we're going to sneak in a giveaway before the next break we've got to get going Are you ready yet let's do it in a second you're going to have a chance to win a set of passes to one of these half day classes so get your phones ready and if you're driving now is a great time to pull over include with your passes as a professional insider's get the professional insider kit makes it so you can get started right now color Center twenty we need you to call now and reserve those seats eight seven seven three three eight eight seven two three that's eight seven seven three three eight trade and it's going to be in color twenty one don't get upset just go over to free ot a class dot com and see if you can score some passes there coming up after the break we will join business and tech reporter Jason Middleton who will talk with on line trading Lance Strauss about what's happening here in the Bay Area and how you can register for upcoming class that's coming up next on how are trading radio. And online trading Academy our mission is to offer exceptional financial education so you could live the life you've always wanted maybe it's just having that peace of mind so you don't have to worry so much about the bills or even just having the luxury of not working so hard she had more time to spend with the family graduates of online trading Academy share with us all kinds of stories here's what one recent graduate had to say I partied at a casino basically they're open twenty four hours a day seven days a week and so I hadn't had a Christmas often maybe eight years and I hadn't seen my mom for Christmas and she abruptly passed away and that's when I you know I knew I needed to do something different I needed my time I needed my life another student says I was actually happy and career and training that's something that I had always wanted to do and if I die a slow death at a chemical are start to change my life learn more visit us online at free O.T. A class dot com That's free ot a class dot com. I'm Jay foreigner C.E.O. 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Hi everybody I'm Jason Middleton I cover business in finance during the week and I don't know if you have these things come in the mail but I got a four A one K. Quarterly and I immediately realized that I was paying for something that maybe I didn't have to pay for so I wanted to talk to Lance Strauss he's a workshop instructor an online trading Academy about trying to find I don't know if I want to call it a plan B. But maybe like a job free kind of income Lance thanks for give me some time today. Let's talk a little bit about online trading Academy and what I know why I walked into that first class what are you seeing when you when you see your new students here well we've been around for twenty years plus we're the world's largest financial education company we have about seven or six employees worldwide one hundred twenty instructors most of them with Wall Street experience and yes we're a school on how to generate income by trading and investing but we're also a school to help people make lifestyle changes you know a lot of times people come to us in their fifty's or sixty's and all the sudden maybe they're not making as much money as they thought they could maybe they get injured maybe they get hurt something happens in their lives and they realize that they have no way of generate intemperance else right but what they're on the surface this is all about trading investing but it's not really investing that people come there for it's the it's the benefit they'll get by learning the skill which hopefully will produce money which was what we called job for you and Tom right. No I just want to say you're really you're hitting on something that I just realized it's really time management too because here you might be able to find a second revenue without a second job we only have so many hours in the day after all I mean we can only have so many side hustles Yeah we're exactly and they don't pay that much and you don't want to be working for some guy said I just said I work half days or so which twelve hours you're working. You know if you get one of those side houses you rest basically paying the taxes and that's barely barely if you know you don't have a life has so if you learn how to do this it's not easy. It takes a little bit of time but. An hour day is more than enough time to generate an income that will supplement what you're making and eventually when you get a good idea what replacing it yeah I really want to emphasize that it's a class these are these are I mean your student your home you have homework you can have your head down you're going to be getting stuff done but you're also when you're doing that what I felt like at least in my personal experience was I was risking off I was managing my intimidation factor I guess I should say yeah let me interrupt your class I'd love people come out and listen listen to me for a couple three hours is complimentary It is not to do anything there's no pressure it's just kind of like an open house for them to get a feel is this is something they want to do and I can give you a story if we have time about people come to us where they've had great jobs there is still in there something half of them physically or financially that right turns out a lot in a heartbeat Yeah I think you have that you've shared one and it wasn't it's somebody working at Facebook it had a pretty good gig and then something happened yeah I had somebody was a bodyguard it Facebook for Mark Zuckerberg and really into a flat on the chat with him the end of this house and he can say it was a bodyguard and one day saw his treadmill water on the belt slips falls blows the out career over. A lady in her fifty's listen up a very successful dental hygienist until she had arthritis so stuff happens yeah it doesn't. And you're right stuff happens and it can lead to economic insecurity Let's talk about where people go to see you talk I know when I went by the way it was only like I think two hours and forty minutes or so and it went by really fast so where can people go. Now I will make you can be our main campus where we've actually had a campus that for ten years is the center say by the airport if they can't make the Santa say we have satellite classes throughout the Bay Area we have been faster city and Pleasanton So whatever location date time makes sense there are always usually no more it was so I would do well at night but they're mostly the markets OK cool and how we're going to get people registered because it's a free introductory class right now simple if they have access to their phone and are not driving they can text K. As in can't be as and go look at our screwed up whiskey K.T.O. W A seventy nine seventy nine seventy nine that's K D O W The seventy nine seventy nine seventy nine and that will take them to a link that will be free ot a class dot com which if you're on your computer as you're listening to this you can just go around your computer to Freo to start com and then get right to the link where you'll be able to pick a date and time to make such I think they call the ease of entry all you have to do something extra K D O W seventy nine seventy nine hundred. Seventy nine hundred seventy nine online. Dot com Lance trails workshop instructor an online training academy Thanks again. If you can invest just about three hours to open yourself to strategies that could make you financially secure for life would you do it for over twenty years online training academy is transformed lives worldwide with their exceptional trading and investing education and they would like to invite you to a free half day investing class near you here's what one recent graduate had to say online training can a me taught me is that you got to have a plan and he gave me the thought is maybe a better trader a better plan or a better father let online training academy help you pursue. Financial goals so you could have more time to focus on what really matters to kids there is phatic because I'm available now and we can eat together as a family I get my trading done and are happy are you ready to start living the life you dreamed of learn more at three o t a class dot com That's free ot a class dot com. Welcome back if you're just tuning in you missed Larry Jacobson director of instructor development and top instructor at online trading get me use the brains of the operation now he was shed some light on that last segment about income we're talking about passive income we're talking about active income we're talking about supplemental income primary income and specifically how to generate more income inside of these financial markets and how how it's so critical to have these multiple streams of income and that's true whether it's today or even whether it's in retirement we don't want to just be focused or reliant on one piece one piece of income whether you're just tuning in to your first time listener maybe been with us for the whole show get excited the best is yet to come and Larry when I'm talking with our listeners sometimes think class sometimes via social media many are saying that they don't have enough money to retire and those that do have enough money are not quite sure how to safely invest it and let's face it also the big the big conversation that comes up is how to protect it I mean right now we're one tweet away from a four hundred point drop inside of the markets which can be devastating if we don't know how to really generate income in a down market what are some of the keys or some of the hot topics that you guys are really emphasizing with the student base right now to make sure that their retirement in that retirement income is always heading in the right direction Well let's first talk about the misconceptions that so many people think they're going to get around this problem now first and foremost most of the units I speak to they're really just focused on their active income their supplemental income they're not even thinking about retirement when I asked them why they give these excuses Well I got a mortgage I got to pay for the kids' college funds and I get it they're important things to be focusing on but you have to think about retirement and there are these two misconceptions Ryan that I hear from several students one will say well you know it's OK I'll just work longer into. Tarrant Well here's two problems with that thought number one is people think they're to make the same money in their seventies and eighties that they're making in their forty's and fifty's which is completely and correct this is why so many people coming back and going into the retail side and they're making minimum wage as opposed to the salaries they used to make the second one is saying that oh I'll just retire at sixty seven I'll be fine I'll figure it out well here's another misconception that you need to be aware of and age sixty two right now you can start drawing on early so security and a lot of your companies your bosses out there know this and they're going to start thinking about ways to outsource your jobs to get you out of the workforce early or why your cost of doing business to them you have insurance they have to pick up there's all these expenses that they don't they can't wait and if you're an older employee you've been there a longer period of time then they have to you know create more expense just to keep you guys on the books so they're going to look for ways to get out of it so how do you deal with what is reality right now first and foremost you've got to get yourself educated what most people don't realize right now they're kind of on autopilot and in two ways one every two weeks you're told just deposit money into your retirement account will be fine but as we talked about in the first segment we're now having people place money into the market at all time highs think about that if for the last several years you've been putting money in at all time highs and all of a sudden the market has a massive correction Well you know right off the bat you're going to be losing money in fact some people joke and say they went from a four hundred one K. To a two a one K. This what could be as colossal as a one zero one K. And most people don't have that time Ryan to make that money back it took six years just to get back to where we were in two thousand and eight imagine to people out there and if you're listening do you have the time that you can afford to not be able to generate any income where you could learn to go to cash when there's a correction even make money when there's a correction of most importantly have cash to start building even more revenue I know a lot of our students would have killed to go back to to. Thousand and nine I'm buying some of those stocks at all time bargains Yeah absolutely back in two thousand and eight two thousand and nine that was the time period when I just started to do a little bit of contract work with online trading Academy and I was out the Boston area and I went to a lot of Boston stories probably on the air but that's because that's where I started with the with all the jury to get me but the markets were were falling apart they were completely falling apart I even had my dad call and ask me if I was OK right because he didn't understand how to make money when the market goes down so he didn't he he looked at it as if I was involved with the financial markets is it was a bad thing down markets or an opportunity there an opportunity for growth in our retirement accounts and growth in our income but one of the things that was happening is the markets were coming down we were having droves of students students were flocking into the campus and they were coming in and the looks on their faces were destitute they were coming in and they were seeing hat in hand just saying hey can you help me you know I'm I'm sixty years old I'm fifty five years old I'm sixty five years old and their retirement accounts just been cut by fifty sixty percent in some cases estimate Yeah it was in it was it was terrible but there is coming and see is there something how can how can I get this back on track and when we talk about all of this stuff sometimes it's different from what we've heard from what we heard in the past and that's OK because part of our job is to pull back the curtain and a call like and to call like we see it right at the same time be open to some of these ideas because some of these ideas can really be be life changing some of the things that Larry's dropping in the second segment here I have to emphasize how impactful they could be one of the things is that's very important be able to take some of this stuff and run with it is to be able to learn about it and one of the best places to learn about all of this is out one of our have to take classes and Larry are you ready for a little giveaway Let's get people educated Ryan in just a second you're going to have a chance to win a set of passes to one of these have to classes so get your phones ready and if you're driving now is a great time to pull over included with your half day passes as our professional insiders kit that is packed with lessons from some of our top instructors lessons on topics like enhancing your retirement strategy how to make money when the market goes down income generation capital preservation crypto currencies and much much more the professional insider kit makes it so you can get started right now ten Thursday well twenty yodel. 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Welcome back if you're just tuning in you missed Larry Jacobson director of instructor development and top instructor and on one training he is definitely the brains of the operation here he was shed some light on how to keep those retirement accounts growing how to keep them protected how to get them generating that passive income how to have that money working for us so it's not all about men at work but whether you're just tuning in maybe your first time listener or maybe you've been with us for the whole show get ready and get excited because the best is yet to come and Larry a lot of our listeners are not quite sure they have enough time to add investing into their life I mean let's face it there's only twenty four hours in a day right now we're using all of them and whenever you watch a movie right that involves trading Hollywood has this way of putting eighteen monitors on the wall and some guy sweating profusely who just took his hypertension medication when in reality proactive investing which is one of the things I like to call it is just being proactive with our money is something that if you I would say if you have fifteen minutes a day that you got fifteen minutes a day the important thing is just putting in some consistent time and effort it doesn't really matter how much time now if you're putting in an hour a day you're going to identify a few more opportunities than someone who puts in fifteen minutes a day but if fifteen twenty minutes a day really you can stay on that proactive type of approach with your money whether it's for income or whether it's for for retirement but one of my favorite things about the financial markets is it is the best way to create a full time income without a full time job now as far as traders go what are some of the one of the examples you can share with with with our with our financial family out here on the radio pulling back the curtain on what it looks like in the dave a life of a trader Well you just nailed it in the fact that they make it seem that you've got to be hitting home runs all the time you've got making tons of money they're taking medication we're in reality we teach our students how to meet expectations that they desire what I mean. Buy that is again this matter how old you are your background if you're willing to be coachable and you can follow a simple step by step investment strategy it can change your life and so many of our students come into the academy where they're complaining they don't have enough time to do this where you could start off very small if some of you were able to generate an extra two hundred five hundred thousand dollars a month to start could that make an impact without having to go and spend more time away from your family or doing things that you love to do every day and so one of the things that now exists that has never existed before is in the twenty first century technology has got to the point where you could be trading anywhere in the world I know people who are going out even on vacation they spend the first maybe fifteen twenty minutes to maybe an hour before they get up and they start looking at the sites on vacation they're putting on trades I know you've been able to do this right in the past where you make enough money to cover the vacation while you're on the vacation you know the other day I got my my tablet got kicked out of my bedroom I carried my tablet upstairs and I had to trade on and my wife said the bedroom is not for trading get that tablet out there. Larry likes it's easy because he knows when I went on vacation I've taken my laptop with me before I got trouble your vacation is over big Asian but but it's very true it gives you the flexibility to go out and do generate income no matter no matter where you are in the world no matter what you're doing and one of my kind of fondest experiences of some of my fun trades have been when I was no where near my office right nowhere near my office nowhere near my house or anything like that and you are doing something fun and you're still generating you're still generating money and those are some of the best stories that we even you know that we hear from our students we had a student send in. An e-mail about how they did this big trip to Europe and how they made enough money while they're out there they made more money while they were out there than they even spent out there on the trip and I always look back at my my life as a child and. My dad does what they call the American dream the American dream of coming in starting your own business being your own boss and all that well if you own your own company then you can relate to this because it's not all it's not all sugar plums and raindrop. One of the things that happens when you're on your own business is something that I learned at a very young age is you're the first one to work you're the last one to leave and you're the last one to get paid and there's times where my dad's business was not doing as well as other times and that was when I really got the in the face version of the the owner of the business is the last to get paid because the first item of business is to keep the business going right this is how he supported our whole family so keeping this business running was priority number one and there was times where I could see the stress right there was times I could see the anxiety and not to mention if he wasn't work the wheels would come off right it was a small business that he was running and the Wills would come off so when we would take a family vacation at the summer time we'd be out of school you know be ten twelve years old my brother be thirteen fourteen years old we'd take a family vacation we go up to this lake that wasn't too far away we had up on Monday my dad would use a head up on Friday get there about midnight he's the first one to go to work and the last one to leave and get the whole week wrapped up and then the whole time he was up there he's on the phone worried about this worried about that talking to this guy talking back I make sure everybody was ready to go for Monday right so as far as like being able to go out and enjoy our vacations it was something the my dad in our in our earlier years just wasn't able to do because again he had to be there to keep that going and that's a very normal situation but I always look back at that and think how it's interesting how that is the American dream where really the American dream should be let's generate some money let's have that money making money so that we can spend our time doing the things that we love yeah absolutely in fact one of our students MC and this is a great story because I got an email from him about two weeks ago when Mick first came to the Academy I'll never forget he has such in his emotional head like I mentioned earlier most didn't come in very emotional and we have to work to get that worked out so they become more strategic Well Mick wanted to do this full time he was dedicated to it he kept saying to me in between the breaks I'm never going to get it I'm never going to get it and then not only has he gotten it because he committed to the process he followed the rules but now he's actually supporting himself as a traitor he's sending these crazy. Trade's Now Ryan I looked at him and it's I've been on Twitter and I smile and I said I'm glad we had that conversation he said absolutely and he keeps claiming that what he's learned through online training academy has really changed his life and I can tell you that so many of our students have the same story they come in very emotional very tangled up and they learn how to become patient strategic traders you know we've been helping people learn how to manage money and generate income in the financial markets for twenty years and we would love to have the opportunity to help you but to do that we've got to meet to meet a great way to meet it's come out to one of our half take classes Larry we say we give away some passes let's do it all right now we're going to give away a set of passes to have to a class coming up in your area and have to classes where you really get to see how to take control of that money and how to really generate that financial freedom that allow you to live the life that you want to live in and in just a second we're going to give away a set of these passes to one of the half day classes but the thing I would like to tell everybody is these have to classes about three hours long but you can spend three hours going to a movie you can spend three hours golfing why not invest three hours in your financial I.Q. Invest three hours in your financial future and raise that portfolio performance even by just a point or two and it's going to pay you exponentially down the road but we're going to be giving away these passes so make sure you get your phones ready and if you're driving now is a great time to pull over but include with your passes are professional insider's kit now this kit is packed with lessons from some of our top instructors lessons on topics like enhancing your retirement strategy how to make money when the market goes down income generation capital preservation cryptocurrency and much much more the professional insider kit makes it so you can get started right now dollars ten through twenty we need you to call now and reserve those seats eight seven seven three three eight eight seven two three that's eight seven seven three three eight trade and it's going to be in color twenty one don't get upset just go over to free a class dot com and see if you can score some passes there you know Larry one of the fun stories that I heard as far as like life changing life changing events from one of our students was just in and just lives out the Elana area and one of the things that happen with Justin is he was full time military and he was getting moved from base to base he had a fairly fairly. That's the kind of volatile schedule it was you know he's here for a little bit for six seven months maybe a year and he was moved over to here for a year one of the things that happened his life life happened and when I say life after he start having kids and he didn't want to continue to move and move and move and move but to stay in his current career path he had to do that but one of these he did he came out to online trading can you learn how to trade foreign currency and he replaces income very quickly I remember getting the e-mail from him saying I just quit my job and I remember hearing the full story from him about how he came into the actually into the campus in full dress because he had gone in and he had he had his contract and now he was living at home he was trading trade for it trading for his income and he was able to spend more time with his wife and kids and it was kind of his big driving factor but what are some of the other kind of experiences you're seeing or you're hearing out there where students Well most importantly guys when we say a lot of people always think when they start to learn how to trade they're going to leave their jobs well we just talked about the purpose of having multiple streams of income coming in what I would rather see people do is they don't like the boss most people don't leave a company they leave a boss so you may still want to be working out there and you can control the hours of the people that you want to work with Warren Buffett one of the greatest investors in the world once said he only wants to work with people who don't make his stomach churn I love that yeah you know and the reality now is that you could have trading as an income you could be doing another job that you love not one that you have to do anymore that's a second form of income so you can keep building and building on it you know you mentioned earlier and I kind of chuckled when you said your training from anywhere one time I was called on jury duty I brought my laptop and I straight it while being waited to be called so I had one of my most successful days because I wasn't around anybody I was just kind of sitting by myself there and their story after story from students like that that are looking for that freedom so I've said this over and over again through the the hour we're spending together and it's the fact that people if you're coachable if you're looking for an alternative way to be able to generate money to free up your time because that's the one thing that so many people come back and say Yeah I'll get to it but they don't you need to in. Best in yourself in your family get yourself educated worst case you'll learn how people in the real world make money not the novices that are out there trading who are constantly losing money you know one of the students came out it was actually Thomas This was about what two weeks ago bumped into him his his number one goal was just to get educated in the market so he could ask better questions to his advisor and make sure everything was being handled appropriately and that's when you talk about investing time right just being able to make sure even if somebody else is still doing it but understanding how and why they're doing it can pay massive dividends and that's why we talk about investing three hours worth of your time into an education rather than spending three hours of your time at a movie Avatar was three hours logged that's always the one I use but a round of golf there's all sorts of things that you could spend three hours doing but let's upgrade that financial I Q and have it pay dividends down the road and right now Larry we've got were running up against a break so if we're going to do a giveaway we better run out yeah we're ending the show so let's give out our last passes for today right now we've got to have to class coming up in your area and they have to classes we're going to see exactly what it takes really to take control that money generate that income to live life on your own terms and in just a second you can have a chance to win a set of passes to one of these have take classes so get your phones out get ready and if you're driving now's a good time to pull over included with your passes or is a professional inside kit this kit is packed with lessons from some of our top instructors lessons on topics like enhancing your retirement strategy how to make money when the market goes down income generation capital preservation crypto currencies and much much more the professional insider kit makes it so you get started right now call center twenty we need to call now and reserve those seats eight seven seven three three eight eight seven two three that's eight seven seven three three eight trade and if you end up being called twenty one don't get upset just go over to free ot a class dot com and see if you can score some passes there Larry I've said it before and I'll say it again it's the fastest hour of the week absolutely it always has to happen this way but people who are listening right now remember use your time wisely invest in yourself because of education appreciates possessions to appreciate thanks for spending this. Time with us this week will see you again next week in the meantime may all your trades be green Brian and Larry will be back next week. The preceding program was provided for entertainment and general information purposes opinions expressed are those of the presenter only we make no promises or guarantees of investment performance online trading Academy is not appropriate dealer certified financial planner or registered investment advisor. On August tenth get ready for a comedy. Tumors and there are calling upon even my dog I would say that. It's not. Only strangers to discover it's a man's best friend says it does your dog crack general just super sad are the best match makers open their hearts to love. The coming. Days in theaters this Friday. 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