TSME #030: The First Year of Trading

Carrie Keranen is a successful working actress in the Los Angeles area. She grew up in Oak Park, Michigan, studied international business and Japanese at the University of Michigan, backpacked around Europe after college and then bought a one-way ticket to New York City. Despite her studies, Carrie couldn’t keep away from acting. Her career starts with voice over work, then flowed into theater, and eventually television and film. Carrie moved to Los Angeles after checking off the list of the things she wanted to accomplish in New York.  When you are a working actor you have paychecks coming in from many different jobs and it forces you to have a more intimate relationship with your finances. You have to track your payments and keep your W-2’s and 1099’s organized. Sometimes you are up and sometimes you are down so you have to learn to live in the middle. When Carrie found herself in an up period she realized the worst thing she could do was just live off it and watch it go away. There had to be a way to make that money work for her to give her some semblance of control. She finally followed a friend into the Wealthy Investor Program with Tyrone Jackson. When she first began, Carrie was terrified. But by the end of her first Wealthy Investor class, Carrie felt she understood the basic concepts. This gave her the feeling that she could eventually figure this out.  After Carrie’s first trade, she did not have that “good” feeling. She realized that this meant she needed to check in with her negative feelings about money flowing towards her. In a way, she says that her entire first year has been about the internal journey.  Now, Carrie loves covered calls because they reduce risk. You can guarantee you will have a return on your money every month. The hardest thing for Carrie to wrap her head around was that she could really take the money she was making trading! What has been amazing for her, is actually understanding the concepts well enough to decide for herself whether to trade an In the Money or an Out of the Money covered call. Although, she feels Out of the Money calls are sexier than the safe “grandma” In the Money calls.  Carrie doesn’t consider herself a business person. It makes sense for her to trade companies that she understands, such as Disney (DIS) and Visa (V). Plus, having the community there for her to discuss the concepts as she is learning them is extremely helpful. She also thinks it is important to see what’s possible. Seeing where other people started and where they are now opens up her own realm of possibilities. Now, almost a year after her first class, Carrie achieved her goal of paying her rent with money from the stock market.  During Carrie’s first class she was very tense and nervous. But then she said to herself, “Yes or no? This is either something you want to learn or it’s not something you want to learn. And if it’s something you want to learn - Learn it NOW.”  Carrie realized early on, “This program is not about ‘I’m going to be a millionaire next week.’ This is about how to have continuous, sustainable, predictable wealth every month, out of every year, for the rest of my life and it’s starts where I’m at right now and grows from here.  And if I just keep pushing that line back next year, or next year, or next year, then it just means that I’m getting that started next year, or next year, or next year.’ Her advice to you is “Just take the next step. Don’t worry about everything and the whole big picture, just take the next step. Take it day by day. Just do what you can right now. You don’t think it’s going to make a different but it is going to make such a difference. You can’t even conceive of the ways that this is going to open up your mind, your heart, your spirit, your understanding, when you are on the fear side of it. The moment you take that first step, all those doors are going to start to open and it’s such a beautiful thing. Please, please, please do this for yourself.”   So take that step now and download Tyrone Jackson’s free E-Book Trading Stocks for Wealth at TheWealthyInvestor.net.