TSME #020: Trading Stocks Around Your Lifestyle

Tyrone Jackson explains that all you need to finance your entire lifestyle is a vision. One of the biggest benefits to having money and having wealth is freedom, the freedom to choose what your life would look like.

Tyrone interviews his student, actress Valencia Yearwood, who has created a successful and artistic lifestyle for herself. Valencia grew up in Queens, NY. When she was 14 she decided she wanted to be a gynecologist. Being at a specialized high school she was able to double major in medicine and performing arts. After graduating college with a degree in biology, she decided that medicine was not her calling and followed her dance dreams instead. Valencia made it into the Dance Theater Company and traveled all over the world dancing before she hung up her pointe shoes. Afterwards she transitioned into acting and was cast in the Lion King on Broadway. Following an injury that took her off Broadway, Valencia started doing television commercials. You’ve seen her on commercials for companies like Liberty Car Insurance, Fed Ex, Capital One, McDonald’s and more.

As a dancer, Valencia knew that her career couldn’t last forever so she would have to find another way to have residual income. She came from a middle class family and before meeting Tyrone she did not have a financial education. The most amazing thing about shifting her mindset was seeing that there were possibilities for getting more out of life. Once she started to shift her mindset it didn’t only affect her money- she started to attract abundance in all areas of her life.

What Valencia likes about the stock market is that she doesn’t have to depend on anyone else to increase her income. She can do it on her own time from her own home. Her favorite trade is writing covered calls because it’s guaranteed, but her second favorite is volatility trading because its not a long term commitment. Last year she had minimal time to trade so she just focused on one leap trade, which ended up doubling her account. That trade taught her the power of focus. Now she would like to get better at trading options and specifically trading front month calls against options.

Valencia’s advice to beginners is “You don't need a lot of money in order to make money. You need a lot of focus, you need to be open, and you need to partner with someone who can give you the financial education that you need, but that’s really all you need. Stay open and shift your mindset.”

To start your financial education today, download Tyrone Jackson’s latest cheat sheet Millionaire Secrets. Click Here to Download Now!