The weekend! Time to take a couple minutes to look at the stock market data and listen to some financial radio shows and maybe a podcast or two while I get some stuff done around the house. Its fun. Try it. Search out a few and give it a try. That is how you learn this stuff. Take five or ten minutes each day and listen to who is saying what about the market.
Listen to the different voices and see what they are saying and see who you like and figure out who you can trust. Take the time to listen and evaluate and understand the good and the bad in each resource. Then make sure you add in a few voices you disagree with, just to add perspective and be sure that you are not missing anything. Listen and learn from many voices. Listen to a few folks who you can’t trust and learn their tricks so you can learn how to defend yourself… Learn the game and the players. Learn their business model. What are they selling?
Financial TV shows and radio stations sell advertising. Authors sell books. Non profits sell a way to feel like you help a cause. Everybody has something to sell. Figure out what they are selling and how. Mothers are selling “self improvement” to their kids and that guy speaking from the pulpit, he is selling a better way and he may never ask for a penny…
So the sales process is something that we all do. In our own way based on our own goals. If we understand what we sell and what others sell this will help us understand the bigger picture.
People are buying and selling in our world every minute of every hour of every day. Think about it as it happens and you can learn all that you need to know. Watch how that dog sells its master on taking a walk. Simple and effective psychology. Just like everybody else…
So start with a few minutes a day. Listen to some financial radio. Read something new. Listen to a podcast. Learn something new about the market and then evaluate the source. What is their business model? What are they selling? Does it have value to you? If so, listen and learn. If not, listen and learn (but maybe you won’t listen as long).
Don’t buy, just listen. Beware the pump and dump. Beware the free seminar as bait to sell you an expensive seminar… Spend a long time listening and learning. If it sounds too good to be true, it is! Study the art of selling a long time before you ever buy.
Look for the sale they want to make. See if the information they present is affected by the sale they want to make. Are they a genuine educator with a like minded sponsor? Or are they a sellout shill who will do anything to you to take away your money? The difference isn’t always obvious…
Watch how they are doing and how that changes over time.
Here is a resource or two to get you started. Listen as you work. Work… Hmmm. That reminds me, I have to get some work done before bed. Maybe I’ll listen to some streaming financial radio along with you…
Look for the link to listen and have fun learning! Have fun and be careful out there…