CDL 41: Stock Tips From A 10-Year-Old...

CashFlow DadLife

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So the big question is this, what would you do if money didn't matter? So you had millions in your bank account, what would you focus on? Would you spend more time with your family, with your wife, with your kids? Take family vacations.

Would you pursue your gifts and talents and dreams? Serve your local community, teach others, serve your church. You see if what you would do if money didn't matter, it was pursuing your gifts and talents and dreams to serve others, and that is probably what you should be doing.

The problem is most people are in the rat race, living five inches in front of their face with no time to pursue what they were born to do. That is the problem, and the solution is to develop enough passive income to replace your working income so you can quit your job and be free to live your life the way you were created to.

That is a solution and this podcast will show you how...

Hey, what's up everybody? This is Ryan Enk with Cash Flow Dad Life. Today we're going to be talking about the stock market. The stock market plunged 834 points yesterday. Ouch.

So I brought in an expert...

He was super hard to get ahold of. His schedule is incredibly busy. Please welcome to the show, my son, Caleb Enk is 10 years old...Say, "What's up?"

Caleb Enk: What's up!

Ryan Enk: So just to give you kind of the backstory on the stock market with me and Caleb here is I don't like investing in stocks. I'm more of a real estate guy. That being said, I do invest in stocks. It's just part of diversifying your portfolio.

But the reason that it's not a major part of my portfolio is because stocks are so... It's not real. It's not a real asset. And I don't know if you've heard that comment before.
The first time I heard this, it blew my mind and the comment was that money isn't real. You know? And, and if you just sit there and think about that for a second. Money isn't real.

It's just a medium of exchange...

And nothing proves that money isn't real anymore than the stock market, where yesterday all of a sudden trillions of dollars are lost. And for what? And for what? Cause there's no asset value behind it. There is no nothing real behind that.

Now real estate, I love because it's real, but like I said, I still invest in the stock market and I encourage all my kids to know how to invest in the stock market as well and because it is a tremendous wealth creator, if you know how to do it right, the problem is that most people overcomplicate things and really all it comes down to is figuring out what most entrepreneurs, most investors do.

How can you minimize your risk while maximizing your returns? So I brought on my 10 year old to kind of explain some of the concepts that he knows. It's so easy that even a 10 year old can do it.

But actually he started when he was eight years old...

Caleb, can you share with everybody kind of the story on how you get started investing in the stock market?
My Dad told us we need to clean the garage, but the garage had so much things clutter around and stuff in it, so we complain. Then my dad says, "If you cleaned the garage, I'll give you $10, but $100 in your bank accounts, you can buy stock." So we agreed with that...

So we clean the garage and then he decided to analyze stocks to see which one is done best.

When you analyze is when you look at how t --- Support this podcast: https://podcasters.spotify.com/pod/show/cashflow-dadlife/support