Erin Thompson, a financial freedom architect, shares her expertise in safe day trading and helping clients with their finances. She emphasizes the importance of investing even while paying off debt and recommends starting with small amounts of money.

"I really want to help other people, particularly women, to be able to make a plan for themselves and execute on the plan so that they can completely change their future." – Erin Thompson

Erin's journey is as fascinating as her expertise. With a background in engineering, she brings a meticulous and analytical approach to personal finance. Her transition into the financial realm was driven by a passion to help others, especially women, to demystify the stock market and build wealth confidently.
Erin teaches technical chart reading and risk management to her clients, focusing on low-risk day trading. She advises clients to look for specific patterns and trade during specific times of the day. Erin also helps clients with their money mindset and budgeting and offers classes and coaching for day trading. She believes in a comprehensive approach to financial success.

Learn more about Erin and her programs/trainings at: Learn more about Erin and her programs/trainings at: invitemoneyintoyourlife.com
Catch her on Instagram: https://www.instagram.com/invitemoneywitherin/
and Facebook: https://www.facebook.com/InviteMoneyIntoYourLife/?locale=es_ES

Main Points in the Interview

· Erin Thompson's expertise in safe day trading

· Her background in engineering and personal finance

· Approach to helping clients navigate debt, investing, and financial independence.

· She believes in investing while paying off debt.

· Different types of investing: long-term buy and hold, swing trading, day trading

· Accessibility of investing through low to no commission brokerages

· Importance of risk management and use of cash accounts in day trading

· Starting day trading with as little as $100

· Higher probability setups for trading

· Practical aspects of day trading: stop orders, setting specific trading times, active monitoring, and risk management.

· Investing while paying off debt can be beneficial due to the power of compounding interest.

· Day trading can be started with as little as $10 and there are many low to no commission brokerages available.

· Technical chart reading and risk management are important skills for day trading.

· Day trading requires identifying patterns and trading during specific times of the day.

· A comprehensive approach to financial success includes money mindset, budgeting, and long-term investing.

Chapters

00:00 Introduction and Background

02:08 Helping Clients with Debt and Investing

04:11 Investing with Small Amounts of Money

06:03 Technical Investing and Risk Management

09:29 Identifying Patterns for Day Trading

12:52 Timing and Strategies for Day Trading

15:27 Selecting Stocks for Day Trading

20:00 Classes and Coaching for Day Trading

21:20 Money Mindset and Budgeting

23:20 Risk Management and Discipline

25:05 Starting Small and Long-Term Investing

27:48 Comprehensive Approach to Financial Success

28:56 Conclusion and Contact Information

Learn how to make investing simple for anyone and get on a path toward wealth.

Summary:

Alexandra Dotcheva, a former concert violinist turned nurse and real estate investor, shares her journey and insights on investing in rental properties. Alexandra shares her experiences and insights, discussing her transition into real estate investing and her holistic approach to coaching. She emphasizes the importance of building a strong team and managing properties directly. Alexandra also talks about her book, ""A Really Simple Holistic Approach to Self Confidence: A Practical Guide," which covers various aspects of self-confidence, including investing, health, spirituality, and relationships.

From a concert violinist in Bulgaria to a real estate investor in the US, Alexandra’s journey has been a unique symphony of experiences. A career pivot led her from the stage to nursing, and finally to investing in the real estate sector. Each note of her journey is important for who she is today, financially secure, an author and coach.

Her first property was a fourplex, purchased in Phoniex, Ariziona. With some renovation and diligence, she worked to provide affordable housing and step into the world of real estate. The industry offered her a path to financial freedom, with the cash flow from properties covering all living expenses and she and her partner were able to pay off the mortgage on their home in five years,

Contrary to the popular approach, her strategy in real estate is less about flipping properties and more about maintaining assets for consistent cash flow. That’s how she achieved financial independence. "

She wrote her book "It's Really Simple: A Holistic Approach to Self-Confidence - A Practical Guide" to help those who, battled lack of confidence for years. Her journey led her to realize it's possible to take full control of your life, and she wanted to share this transformative message.

"As a coach, I firmly believe that anyone can succeed in investing. It's all about understanding your individual needs, setting goals, and working diligently to become holistically successful. You can be an investor, irrespective of your background.”- Alexandra Dotcheva.

links to Alexandra's website, book, and coaching business for interested listeners:

https://www.holisticselfconfidence.com/about

https://www.holisticselfconfidence.com/shop/p/it-really-is-simple-a-holistic-approach-to-self-confidence-ebook

Facebook: https://www.facebook.com/HolisticSelfConfidenceMethod

Twitter: https://twitter.com/HolisticSelfCo1

Website: https://www.holisticselfconfidence.com

Facebook: https://www.facebook.com/HolisticSelfConfidenceMethod

YouTube: https://www.youtube.com/@alexandradotcheva

LinkedIn: https://www.linkedin.com/in/alexandra-dotcheva/

About The Guest(s):

Alexandra Dotcheva is a former concert violinist and doctor of arts in violin performance. After realizing the challenges of pursuing a career in music, she decided to transition into nursing and real estate investing. Alexandra now manages multiple rental properties and has achieved financial freedom.

Key Takeaways:

1. Alexandra emphasizes the importance of building a strong team when investing in real estate.
2. She believes in providing affordable hou

Learn how to make investing simple for anyone and get on a path toward wealth.

In this podcast we talk with Scott Smith, a real estate investor and asset protection attorney. Scott shares his journey into the legal field and how he got involved in real estate investing. He explains how he started investing in real estate while working as an attorney and eventually transitioned to full-time investing.

Scott Smith, with his background in law, realized the importance of asset protection while practicing as an attorney. He started investing in real estate to pay off his law school debts and found success in commercial properties. His goal wasn't just to become wealthy, but to achieve financial freedom that would allow him to pursue his passions, like mountain climbing and traveling.

Scott’s investment strategy, includes investing in commercial properties and syndications. Scott advises investors to focus on mastering one investment strategy before diversifying and to be cautious during market cycles.

Scott explains his initial focus on commercial properties and 1-to-4 rental unit buildings, and how his strategy evolved over time to primarily investing in syndication properties. He emphasizes the need to find experts in specific asset classes and diversify one's portfolio.

As Scott progressed, he shifted towards investing in syndication properties. He emphasizes the need to stay focused and master one lane of investing before branching out. Instead of syndicating his own deals, he works with syndication attorneys in his firm to help others structure their deals. By investing as a limited partner in specific asset like self-storage or gas stations, Scott diversifies his portfolio without the need for hands-on management.

One key takeaway from the episode is the importance of finding experts to invest in and the criteria for selecting them. Scott compares it to making a good hire as a business owner, highlighting the need for experience and a proven track record. Avoiding incorrect choices in investments not only prevents financial losses but also reduces high attrition rates.

When it comes to investing in syndication deals, Scott sheds light on the minimum cash amounts required. While he has seen syndications with minimum buy-ins around $50,000, he cautions against operators who are willing to accept less. Accepting lower amounts may indicate desperation on the operator's part, potentially leading to complications and challenges down the road.

Why Asset Protection Is Important
Asset protection, is a crucial aspect of maintaining and safeguarding wealth. Scott shares a personal story about a friend who lost $3 million in a lawsuit despite having insurance. This experience opened his eyes to the need for asset protection. He emphasizes that asset protection isn't limited to real estate deals but extends to partnerships, brokerage accounts, cash, and other assets.

Scott provides insights into retirement plans like IRAs and 401(k)s, explaining that while they offer some protection, they can still be vulnerable to lawsuits related to specific assets held within them. Scott also highlights the importance of estate planning and passing on wealth to future generations.

LinkedIn: https://www.linkedin.com/in/scott-royal-smith/
Twitter: https://twitter.com/royal_legal_law
Facebook: https://www.facebook.com/ScottRoyalSmithRLS
Instagram: https://www.instagram.com/royal.legal.solutions/
Website: https://royallegalsolutions.com/
YouTube: https://www.youtube.com/c/RoyalLegalSolutions

Learn how to make investing simple for anyone and get on a path toward wealth.