Learn To Trade and Invest For Consistent Income with RC Peck

Learn To Trade and Invest For Consistent Income with RC Peck

RC Peck is a Veteran and LP Master Practitioner and Certified Financial Planner. He founded Fearless Wealth over 22 years ago to train investors to avoid the crashes while fully participating and those long bull markets that can last for years to decades, all without drama. His specialty is training people who have tried everything to help them quickly get control back over their investments and wealth.

RC Peck’s background is to figure out how to keep the trauma, drama, volatility, instability, and all things unnecessary in your financial life to keep them out of your portfolio. He spent a good deal of his late 20s really kind of figuring out what and what doesn’t work. RC has Dyslexia and this didn’t hinder him to start his company in 1998 to really pull the trauma, the drama, the fear, the anxiety out of investing, and to really just get the big picture right, and just grow your money in just a powerfully simple way.

 

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Learn To Trade and Invest For Consistent Income with RC Peck

 

Brett:

I’m excited about our next guest. He’s a Veteran and LP Master Practitioner and Certified Financial Planner. He founded Fearless Wealth over 22 years ago to train investors to avoid the crashes while fully participating and those long bull markets that can last for years to decades, all without drama. His specialty is training people who have tried everything to help them quickly get control back over their investments and wealth. How? by making investing powerfully simple by learning how to read street signs, while driving at 65 miles per hour. Please welcome to the show with me, RC Peck. How are you, sir?

RC:

I’m pretty good. Thanks for having me.

Brett:

Absolutely excited to be here. By the way, we’re also streaming on expertcresecrets.com. There are some things that the commercial real estate world can learn from individuals in the financial planning world. So RC, before we dive into some of the specifics about being able to make great decisions when investing in the stock market, would you give our listeners a little bit more about your background and current focus?

RC:

Yeah, so I mean, my background, I’m a single dad, I have dyslexia. My parents had their life savings embezzled when I was 19, my first year in college, by their trusted financial advisor. So you know, when you say my background, I think kind of different parts of my life in regards to kind of what we’re doing here is to really kind of crack the code on what really works, not just what sounds good, or what sells well. So my background is just figuring out how to just keep trauma and drama and volatility and instability, all those things are unnecessary in your financial life to keep them out of your portfolio. And so I spent a good deal of my late 20s really kind of figuring out what and what doesn’t work. And a lot of what ended up helping me was that I had dyslexia. So reading was extremely difficult. I could read, I just, if you asked me at the end of the page, what I read, I’m like, I don’t know what I read, read it yourself. But it was undiagnosed. So it was kind of difficult growing up in a conventional education program, even in a good school. So I kind of bring some of those unconventional, you got to see it, how do you see it, you have to see it in a way that’s unbiased, it being the investment. So that’s a little bit of the background, and I started a company in 1998 to really pull the trauma, the drama, the fear, the anxiety out of investing, and to really just get the big picture right, and just grow your money in just a powerfully simple way.

Brett:

Amazing. Looking forward to dive into some of those simple ways to pick the strongest stocks with RC Peck here. By the way, you can find RC Peck at fearlesswealth.com. Before we go there, RC I like to get to know you a little bit more and help our listeners to get to know you a little bit more by asking you to imagine yourself back in high school. You know, perhaps even in the university days, perhaps you’re already in Seattle, Washington. Your younger self, right? You know, and I want you to picture perhaps one or two gifts that you believe that you might have maybe some people call them strengths or superpowers that maybe you identified at a younger age. I believe we’ve all been given certain gifts to be a blessing help to others. So I’m curious, what are one or two gifts that are strengths that you believe you are given? And how does that help how you help and bless people today?

RC:

Gosh, I mean, thinking back to that kid, right? I’m 50 in a couple of weeks and that kid depending on where he is in the timeline, you know 15 to 22 years old so you know when you ask the question and I actually like questions that I don’t know are coming because it makes my brain really think back and not prepared. And so I think that kid back then I grew up in Illinois, I went to college in Illinois. He was actually pretty good at not having to like belong to a click or have to posture have to behave a certain way. I was likable right? So it wasn’t that but you know in you asked me that Like, of course, all kids want to belong and all people want to belong. But I think there are parts of me that we’re okay with not belonging and not maybe losing myself in a group, I still wanted to be part of groups and part of organizations, but just kind of noticing that I could be autonomous, but still be connected.

Brett:

I think that’s a great answer. And really, really a way perhaps that you can help people think and so I think this is probably because you’ve probably thought different along the way, or weren’t afraid to think differently and do things a little differently. Is that a fair summary?

RC:

Yeah, I mean, I’ll say this, I had to think differently. I was growing up with a brain that didn’t understand letters, words, sentences, paragraphs, pages, chapters, or books. And guess what that’s as you get measured on your IQ, and that’s how you get into school. So I didn’t know that at the time. But I figured out how to get good grades without knowing how to read.

Brett:

And sometimes our weaknesses, become our strengths, and become our biggest superpower and help other people. So I think that’s wonderful. So now let’s dive right into simple ways to pick the strongest stocks. So RC, what’s the number one secret to simply picking the strongest stocks?

RC:

So look, you have to see what you’re buying. That means looking at a price chart, I’m going to keep a lot of the nuances out of it. But the first thing is, you have to buy something that is already doing what you want it to do, we’re not taught this, we’re taught to buy low sell high, if you do that, it probably means the thing is falling or buying deep value. So and I’m not necessarily expecting I’m not here to pitch the idea, I’m just letting you know what I’ve noticed in working with people over two decades that if you show someone a simple price chart, and you teach them that all things, you know being equal, the thing in motion stays in motion, meaning it is trending higher, that find that one thing, now we actually have it I call it the free stock market rate of return. Simply it’s just the US stock market, that one thing is incredibly difficult to beat, like incredibly difficult to be especially if you add in dividends reinvested. So the first thing is, look, you’ve got to be able to match this free stock market rate of return, which includes dividends, that’s where you want to start, not where you want to end up. But just start with the thing that almost no advisor, no person can be over any five-year period. And so that’s the first thing. If you want to buy a symbol, it has to be outperforming that free stock market rate of return, right? I mean, it kind of makes sense, right? If you can get something for free, that’s going to be “everyone” over a five-year period, you start there. But if you want to add a symbol, that’s fine, add a symbol, but it has to be outperforming that free stock market rate of return. So what’s going to happen is it’s going to filter out 99% of symbols, stories, narratives, hope, and it’s going to leave you with really the strongest parts of the market, which is, which is what you want, right? I mean, price direction is what’s going to make your portfolio go up or down. So you’re answering that question, it’s looking and having this true filter saying I only buy when it’s stronger than this.

Brett:

Okay, got it. So first, let me see it, make sure I captured that. So number one, you have to see what you’re buying. He says simply. I think said price chart right. Things the most the stain motion. So you’re actually understanding, be able to read that, I guess is a better way to put even though you’re seeing it, you’re actually understanding and comprehending what you’re seeing. And then second, we want to make sure that it’s matching the free stock market. I’m not sure I understand what you’re saying there. Maybe you’ll dive into that. And then make sure if you’re picking a symbol has to be outperforming that so would you clarify further what is the free stock market?

RC:

It’s my own term. There’s no industry term, the big box advisor world doesn’t have this term. But what I just realized is you could go buy the s&p 500 through a tracking symbol, right? There are dozens of tracking symbols that can track the s&p 500. You can click a button on your brokerage site and you reinvest dividends, okay, so just right there, you’re going to be almost everyone over any five-year period. Right? So let’s just start with owning the US stock market and just clicking a button and reinvesting dividends. That alone is going to put you in front of or it’s going to put you in the top 1% of all investors, which I think should be the goal of most people know it’s only one symbol, which freaks out a lot of people because they’ve been taught you need 50 symbols, first of all, the one symbol has 500 companies in it. But there are lots of things that people have to come to terms with to grow their portfolio better. And one is more symbols, worse performance, more trading worse performance. And this is someone who teaches people how to trade properly. So the free stock market rate of return, even when ETFs weren’t free, I still like looking for 95 is free, four basis points are free. Now, you can get these symbols with zero basis point and you know, no, no commission. So it’s the free place in this breaks people’s brains like but financial advisors, big-box advisors, the some of the tallest buildings, they certainly were the tallest buildings in any town before tech. And so it’s like, that can’t be true. Because there are floors of people like there are these research departments, and they all fail to be this one symbol. So start with the one symbol. And then if you want to add, that thing you add has to be outperforming other than otherwise, you’re just bringing in, you’re dropping another anchor off your boat, you’re just slowing down the growth of your money.

Brett:

That’s really clarifying. I really appreciate you sharing that. And so and that one symbol can be like the s&p 500. Right, the top 500 companies in the US. And if I hear you correctly said that will be over any five-year period of time, if you click the button reinvest the dividends, you’re gonna be in the top 1%. Is that a fair summary?

RC:

Let’s be clear, different decades, different numbers, are you in the top one, the top two, the top half of a percent, that top two and a half like, but we get the point that you’re going to be in front of almost everyone by this simple free thing. It’s really hard to digest.

Brett:

Yeah, it is, right? Because we, maybe get our own way, right?

RC:

There’s no business model behind the free symbol, click a button. Let’s talk in a decade, there’s no business model behind that. I mean, how’s Merrill Lynch gonna make their money on a symbol? That’s free. Right? Merrill Lynch, be a baby. It’s the same company now. But it doesn’t matter. Put in, big-box advisor. And by the way, I’m an advisor, I have all my licenses. So I’m like, on the inside kind of being like, Guys, it’s all BS. If you want to figure it out and take back control, there’s a way, you have to be open to the idea of being simple.

Brett:

Excellent. Maybe give us a story. Because sometimes even I’m hearing this for the first from you, right? I’m getting, like 20 seconds when we first start the podcast, right? So what’s the story to help solidify that? Because I imagine a lot of people being like, RC, that just seems too good to be true. And you say, here’s the math or here’s the data. So where can we? Where can we grasp that? What’s the best place to go to quantify what you just said?

RC:

Well, there are two places. One is your own performance. Right? So if you have a 401k, or if you have an account at a big box advisor, they have your annual performance numbers. Right? So I’ll just take a real example. The client came into my life, he had been with the big box advisor for a decade. I said, go get your numbers. And it’s easy enough to get the numbers he happened to be at fidelity. So he pulled 10 years of performance. And I said, just go get 10 years of performance from the s&p. And let’s just look, right, because he had 50 symbols being rebalanced. Every year, they were all equity. So it was 100%, equity, 100% equity, one by big bucks, advisor 50 symbols moving in and out. And just one symbol doing nothing, no big deal. So the place you look as you start with your own performance, and then it’s easy enough to pull a five or 10 or 20-year performance from the s&p by the way the s&p is not even the best index, I’m just giving a, a starting point. And the thing that’s important is sometimes people say what’s your like, what’s your performance? I was like, that’s not the right question. The great question is what is your performance first, like that the person asking like, what’s my performance? And then once the person knows their own performance, right, then they can go okay. Oh, I didn’t realize it was 2% a year. I didn’t realize it was 4% a year I thought it was 18% Oh, that’s right. One year I did 80% and our brain anchors into that one year and posture around for one year. And so most people don’t actually know their performance. By the way, I’m not dissing people, they’re just not taught to actually pay attention and connect to the money, we’re actually taught to disconnect. And then once they know their own performance, then they can say, I want to do better, right? So right, if you came to me and said, you want to run a seven-minute mile, and let’s say it was a seven-minute mile coach, and you’re like, I want to do seven, I want to do seven. You better well bet I’m going to ask you, let’s just go do just let’s run around the track here. It’s four times around. Let’s just see what you’re doing now. Don’t worry, like, and it’s 19 minutes. Okay, so you’re at 90 minutes now. And you won’t be at seven minutes. And you’re in a hurry, you got about two months. We’ve got problems here. Right. And so that’s what happens to a lot of people, I’m just using the metaphor like they’re coming in running a 15-minute mile. But they believe they’re running an eight-minute mile, and they see people on Instagram and YouTube running six-minute miles who are younger than them, they go, I want that. And I meet them like, that will kill you. Or if you want that, then you’re gonna have to stick with the metaphor, lose 100 pounds, stop drinking a six-pack at night, get to bed at nine, give it eight hours. Like those are all free by the way, you have to want the change. So how’s that for an hour?

Brett:

So there you go. Cuz there’s so much wisdom there? I’m just taking it all in taking notes here. So first start with what’s your performance, right? And it’s really putting the responsibility in the active activating the person to be responsible for their own what’s already happened and what’s about to happen, right? versus like you said, being passive or disconnected or it’s too complicated, or I need all of this stuff out there. This magic advice somewhere, right? And then it’s saying, okay, well, where do you actually want to be? And let’s be realistic with those expectations. Right? If you’re gonna run a seven-minute mile.

RC:

it’s fine to do that. Yeah. We’ve got a stretch.

Brett:

Hydrate and diet and get rest. And yeah, and work your way up there. Work your way up. It might take us a while to get going there. Yeah. Awesome. I love it. Alright, so we established kind of the first secret, right, two simple ways to pick the strongest stocks. And then, and we can I mean, we two secrets there. Is there anything else that kind of comes to mind about practicing these disciplines? What what would be the next step RC?

RC:

People have to put money in the market to truly have experiential learning. One of my big things you can’t pay for trade just like you can’t paper workout or paper sex or paper, divorce or paper marry like, there’s you actually have to put money in the market. And you have to understand who you’re going to turn into. There’s a Jekyll and Hyde, there’s the person who does not have money in the market, who is the most amazing investor on the planet. And then as soon as that money goes into the market, they turn into potentially a crazy person as because there’s no structure, there are no guardrails, they haven’t been taught what to worry about and what not to worry about. Because they’re in their brain. So in you asked me the question, I trained my clients to look at the price. And really, it’s price direction, right? Look at price direction, and ask the price, right? The stock market that you know the price chart of the stock market, the price chart of XYZ, ABC 123. But ask the price chart, are you scared? Or am I scared? Because it’s two different things. And if the stock is not scared, but you are, that’s very different from the stock being scared and you being scared and I know that sounds weird, but a scared stock is falling in price. A stock that’s not scared is either consolidating going sideways or going higher. But no one’s taught to look at price charts and ask in many ways these kinds of weird questions but if you think about it, your portfolio goes higher when you own things whose price is going higher so why not ask price if you should stay in you know that symbol if you should stay in the market now it’s your money. So you have to understand your own financial planning and how much you need in maybe less volatile but no one’s taught to ask the market, are you guys okay? Is the market okay? Or am I being scared by media channels and Facebook, whatever and you know, outside influences going into my brain and a lot of times people are scared but the money isn’t or vice versa?

Brett:

Sorry. About a little delay there, I went on mute, and then the thing cut out. So that was a long pause. I was thinking about what you just said it was so powerful there. So let me see if I can recap that people have to be willing to put their money in the market to actually see where this thing is going. Right? I have a saying, or I was saying Mike Tyson has a saying that I like to repeat that everyone has a plan. And so they get hit in the face, right? So like people are going to this boxing match, and they’re all excited to beat Mike Tyson. But then they get in the match for them. And he gets that one hit, you’re like, Oh, my gosh, so be willing to go in the market? And then also check your emotions. Am I scared? Are the stocks scary? Is that a fair summary?

RC:

It is. Most people don’t know what like scared is right, the market being down 2%? That’s not scared. Right? So we’re actually taught to be scared. We’re taught to have anxiety around our mic. We were born this way. We were taught this way by you know, the industry. It’s super dangerous out there. It’s super complicated, super complex. But hey, Brad, don’t worry, I’m going to swoop in and take care of it for you. And a lot of it is really BS. So even just me saying is the markets go like you have to what’s the exact measurement of markets scared, right? These are not difficult things. But knowing that the market correcting 10% is normal and healthy. And corrections, over 20 start to get dangerous, just as it is an example of when the market is and isn’t scared.

 

Learn To Trade and Invest For Consistent Income with RC Peck

Learn To Trade and Invest For Consistent Income.”Find out where the people are going and buy the land before they get there.” – William Penn Adair

 

Brett:

Love it. What’s the most rewarding part of what you do, RC?

RC:

Two things in my brain at the same time. I have been working from home for 18 years. My oldest is 13. And my other one is 10. So I have two kids. I’m a single dad. And I think for the first nine years of the first kid’s life, he didn’t think I had a job. And this is when I was married. He’s like, you don’t have a job, dad. And I go what like, Oh, interesting here. Well, the mom gets dressed up and leaves and you just kind of hang out. So the first answer is I get to see my kids grow up. But I love seeing the shift in someone’s brain when they go like I had 40 symbols 38 were making me poor. They had great stories or not great stories around them, but just by you showing me how to look visually look. No one knew I had anxiety. No wonder I was confused. I liked my advisor, but I couldn’t understand why I was doing you know this poorly else and I show them this simple filter like, I could just sell 38 replace them with the index forget about anything else. I’ve just accelerated my life and my wealth and my choices and my freedom and my security and my comfort and my sleep. And by literally eliminating by just applying this filter. So I love when they see it. And by the way, these are not people who are 27 years old and don’t know the difference between a bond and a stock. These are people who have been in 20, 30 years, they’ve just never been taught by a dyslexic who understands NLP. And who gets how the brain can be overwhelmed very easily.

Brett:

Very well said. It’s amazing. Absolutely love it. Learn more about RC Peck, by the way, fearlesswealth.com. So shifting a little bit. Let’s talk about real estate. A lot of our listeners are real estate folks. So I’m curious, you’re probably curious about our seat. Do you invest in real estate? If so why? or Why not?

RC:

Well, I’m a homeowner. So, I used to be a homeowner in the dead center of Silicon Valley. So I was really invested in real estate. Before my divorce, we had seven investment properties. And it was interesting. I get them I actually used to teach a real estate course to show people how to buy investment properties without any stress or worry, or things he got really sideways and you’d still be okay. So, I mean, the answer is yes to no yes I do. Because I live in a leafy neighborhood in the suburbs of Seattle where the biggest tech companies on the planet all have their employees living. So by proxy, I mean I love real estate by the way. I love Zillow. I love going to open houses. I’ve always done this my whole life. My mom was a real estate agent. But once I got when I knew I was getting divorced. I realized like you know I’m going to simplify my life completely. And I’m not scared by owning ticker symbols. And I had managed the investment properties for 15 years, I saw the benefit, I saw the tax benefits. I just said you know what? And I want to live healthy to hundreds, and I’ll be 50. Since I said for the second half of my life, I’m going to consciously eliminate every known stressful phone call from my life. And yet, I still love real estate. I have clients who love real estate, I make sure they buy them in the smartest way they leverage all this, the tax code of the Congress. How about that? So yes, and no.

Brett:

It’s a great answer. No, I love it. And I’m curious. You know, we focus on capital gains tax, especially for how they appreciate real estate sales, too. So when you sold those seven, what is the biggest frustration when it came to capital gains tax deferral?

RC:

I loved the depreciation. Like, I love that the depreciation happened, I did not want to move that into another piece of real estate. For me, I was fine. There was a lot of stuff with finance going on, when you get a divorce, as you can imagine, your balance sheet changes. There was just such a complication with I mean, what it really made me clear, and this may not answer your question, but I was like, wow, Congress wants you to own real estate. Congress wants you to buy investment properties because Congress makes a tax code. So it’s like, they really want you to own a property, even if it’s just your own. But they really want you to be an investment property owner. Because man if you do it the right way. It’s pretty phenomenal.

Brett:

Yeah. Okay. Now with you. And by the way, if there was a way to defer tax and move it into the stock market without being of value to you with the capital gains tax, or did you not have a lot?

RC:

I mean, so I mean, look, any time it would have, it absolutely would have been a benefit. A lot of it was you know, every situation is their own in a lot of ways, I am greatly simplifying my life. And I’m gonna really greatly simplify this. But absolutely, if there was a very obvious way, it’s like, you have these gains, you can easily move them into the market and illiquid Wait, that would have been something nice for me to know. So at least it would have been an option.

Brett:

Yeah, and for those who are listening, shameless plug here, deferred sales trust is that solution you can now sell highly appreciated cryptocurrency, business, real estate, and defer the capital gains tax and then you can move into stocks, bonds, mutual funds, ETFs, insurance products, diversify, get liquidity to get diversification part of the crash RC happened in 2008. Right, we saw a lot of people had overpaid via the 1031 exchange. And they had taken on too much debt because of the equal or greater value rules. And they had over you know, rushed into a property 45-day identification, 180-day close, and they knew they’re overpaying. But they felt trapped by this capital gains tax of 30 to 50%. And they weren’t sure what to do. Then the music stops and now they’re fighting with banks and some lost half some lost all and you go, why was because of that 1031 exchange, that that they really felt they had to do and had to buy. And so that’s where my story starts, everything crashes, picking up the pieces, trying to figure it out, trying to grow my business, learn about the deferred sales trust, the rest is history. We help a lot of people now, but I’m curious during that time period, right for you, what was the biggest aha moment and how does that connect to what you’re seeing today?

RC:

I mean, this may make me really unpopular with your crowd, but I just remember way before that say ‘05, ‘06. I was like, Rich Dad Poor Dad is going to make is going to create more bankruptcies in this country than ever before or more foreclosures I was just bumping into people who are literally owning dozens of properties sight unseen I was like this is this is crazy. Like, I just remember that and phenomenal business person built a lot of empires. I mean, it didn’t affect me, I mean, affect me because I’m a financial advisor, financial planner, so scared people, but most of my clients’ money was out of the stock market anyway. So it didn’t affect them. But the length of time the wake behind a foreclosure or bankruptcy and how it can take you out emotionally for a decade, like how it can follow you it’s kind of devastating. I mean, the debt the station mangy, I guess you don’t come back, you can devastate a significant portion of your life. And so I remember that happening like these implosions happening. And I remember looking at 1031 I’m like, they’re, like 100 at 45 got to do this. It’s like, right here in this corner. And then if you do that, and you got to sneeze in the third minute, and then it’s like, like, Is this how bills are made? and answers? Yeah, it is. This Really? So, I think just was how many Miss steps can have a very lasting impact on a person especially financially?

Brett:

I couldn’t agree with you more. And No, it doesn’t. I think our audience appreciates that. And I like how you put that the length of time for these decisions. If you’re overpaying and overstretching with debt, right, and especially sight unseen, not seeing properties. Just to get up in a craze of buying real estate. Oh, now I’m gonna win. Right? No, it’s the business plan. Right. It’s the value add. It’s making sure you have a balanced budget. And, and you’re not over overextending. Right. And so, yeah, you’re absolutely right, the emotional toll that took for people who did get foreclosed on, and especially if they built like 1020 years worth of wealth, right, this is blood, sweat, and tears, just to see it get knocked out. And this is, again, why we love the deferred sales trust, you can sell, pay off your tax or pay off your debt to further tax and then diversify and get liquid and sit on the sidelines. Like we just had a client Alabama hold a $2.6 million business, deferred all the tax paid off his debt on the business $600,000 tax deferral, now he’s building, and he’s not going into debt to build, because he has this to this amount of funds to call to go fund yourself, right? So he can do it in a less stressful way. So that being said, Are you ready for lightning round?

RC:

Let’s go for it. 

Brett:

All right, knowing what you know, now. RC, if you go back to your 25-year-old self, what’s the one Golden Nugget you’d make sure to tell yourself to do?

RC:

Gosh, the one nugget I tell him to do? I mean, here’s the thing, I have the answer for you. But the problem is he wouldn’t have listened. I mean, so look at the answers, be kind to yourself, you have a lot of time in front of you. But he’s not gonna listen to that. He’s gonna tell you to eff off and be like, whatever, dude, I’m doing it now I’m King to the world. So that I mean, that’s the problem with the 25-year-old brain. I know this is lightning round. But the answer is, there’s a level of kindness that I think we don’t learn until hopefully, we learn in our 40s some people never do. But it’s just this self-kindness that is so important mess-ups are going to happen. Most people have them because we only posture about the good things. We only think of successful people just you know, everything works. And it’s never that way.

 

Learn To Trade and Invest For Consistent Income with RC PeckBrett:

Love it. Great answer. Love it. Second question, what’s the number one book you’ve recommended or gifted the most in the past year?

RC:

Probably tried. I’m part of a men’s group. I think men over 40 are kind of lost and on their own. They’re in a marriage. I love marriages. Mine didn’t work out. But you know, they have a job. They’re in a marriage. They have kids, their friends have moved hundreds of miles away. And they’re kind of the sad clowns, but they have to pretend that they’re happy on the outside, but on the inside that just kind of dying. So the book Tribe, and I just see dads, dads in their 40s as my tribe, and I always reach out to dads I don’t know. And my kids like, do you know him? Like No, I just call every Dad. I’m like, what’s up Dad? Like at Home Depot? And um I want to help them. So I love the book, Tribe.

 

Brett:

Excellent. Love it. Next question. What are you most curious about right now?

RC:

What am I most curious about? When Etheriums market cap is going to overtake bitcoins market cap.

Brett:

Wow, this leads to the next question. Are you investing in cryptocurrency?

RC:

I’m most interested in the part of the market that has the most momentum. And here we are in 2021. And the part of the market I mean, all parts of the market stock bond cash, real estate commodities. cryptos. It’s part of their cryptos, it’s either technology or its utility or it’s a currency. But that has more momentum than almost anything else. And so I’m super interested in making sure my money is in the parts of the market that have the momentum so I can just get into the raging river and just be taken along with it without having to be smarter than anyone else.

Brett:

I love what I’m doing a shameless plug too because he brought up the crypto we’re helping a couple right now. If they buy Etherium 100 grand like five, six years ago, shot up to six million they didn’t sell it because he didn’t have a capital gains tax thing, and then so then it slammed down. Now let’s back up to like 9, 12, and maybe 15 today with what’s happened in this last week. And we’re gonna help him sell defer the tax and then put it into a diversified investment-grade, securities, annuities, insurance, cash flow producing real estate, so they can like retire and spend time with their family and do whatever they want, right? I mean, it’s really life-changing what we do. So I’ll shamelessly plug it and this is the last question after all your success, RC Peck, how do you stay centered in your values and stay encouraged to charge for new goals?

RC:

I measure my success by how much? I think my kids know I love them. I don’t mean to go Dr. Phil on you. I probably measured by just my kids. And I know you can’t measure happiness but you can certainly measure temperament and behavior. I measured by who’s in control of my time. Right. Am I in control of it or someone else in control but and there Believe me there are people so many more people richer than me. But I think it probably lives a richer life. A more rich life than more people because I just have this extreme. I call it extreme balance. I have this extreme balance and being able to choose how my days look. And I mean, look, I love what I do. I’ve been doing it my entire adult life. The first client I got when I was 27. I’ll be 50 soon. And I just love helping investors just get rid of the garbage in the crap and just bring just extreme clarity into their finances.

Brett:

Amazing RC Peck. He can be found at fearlesswealth.com. I want to thank you for being on the show. I want to thank you for sharing your story. I mean just pages and pages of notes of wisdom here. I want to encourage you to keep using your gift of dyslexia and seeing things differently and not being okay not belonging to the status quo. So you can help more people create and preserve more wealth and get financial freedom and get become more fearless in their wealth. And I also want to thank our listeners for listening to the episode of the capital gains tax wishes podcast as always, we believe the highest net worth individuals and those who helped them they struggled clarifying their capital gains tax deferral options not having a clear plan is the enemy and using a proven tactical strategy such as the deferred sales trust, and getting with someone like RC Peck to clarify your wealth building with picking stocks and doing things simply is an amazing way to grow your wealth. If we can help you, please go to capitalgainstaxsolutions.com. And please help someone who’s selling some Etherium or business or real estate. Do him a favor to share this episode with them so that perhaps they can save hundreds of thousands of millions of dollars of capital gains tax using the deferred sales trust. We so appreciate everybody. Bye

 

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About RC Peck

Learn To Trade and Invest For Consistent Income with RC Peck

RC Peck is a Veteran and LP Master Practitioner and Certified Financial Planner. He founded Fearless Wealth over 22 years ago to train investors to avoid the crashes while fully participating and those long bull markets that can last for years to decades, all without drama. His specialty is training people who have tried everything to help them quickly get control back over their investments and wealth.

RC Peck’s background is to figure out how to keep the trauma, drama, volatility, instability, and all things unnecessary in your financial life to keep them out of your portfolio. He spent a good deal of his late 20s really kind of figuring out what and what doesn’t work. RC has Dyslexia and this didn’t hinder him to start his company in 1998 to really pull the trauma, the drama, the fear, the anxiety out of investing, and to really just get the big picture right, and just grow your money in just a powerfully simple way.

 

 

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