- The Flywheel of a Crypto Investor with Josh Rhodes Alex Escobar and Aziz Yousuf 54:46
Welcome to Screw The Stock Market with Alex Escobar and Aziz Yousuf, Today we are joined by Josh Rhodes. Josh is a crypto investor, educator, and entertainer. He has been featured on podcasts such as Wealth Without Wall Street, and Live Better. Sell Better. with Kevin Dorsey, and One Big Tip with Jeff Mendelson.
Josh got his start as a real estate investor and marketing agency owner before discovering the power of crypto as a wealth-building asset. He now focuses his energy on cryptocurrencies, and he has created one of the fastest-growing passive crypto investing strategies.
Josh helps businesses grow with marketing strategies, implementation, leveraged growth, and optimization to increase profits and achieve financial freedom
[00:19 – 08:12] How to Invest Like a Pro: Josh Rhodes Shares His Crypto Wisdom
- Josh Rhodes is from Alabama and has been investing in crypto for a while
- He is the founder of Crypto Y’all, a company that teaches people how to invest in crypto and other assets
- He talks about how to approach crypto and the lessons he has learned from his experiences
- He also talks about how to start a side hustle or outpace your salary
[08:12 – 16:30] Triple Threat Crypto Investing
- Josh talks about how he became a triple threat, learning from one of his favorite copywriters Neville Madora. like most people do only one skill if you can become a double threat that would be awesome but becoming a triple threat your income plummets.
- Reading “Rich Dad, Poor Dad” when Josh was 15 and how it changed his perspective on finances and business.
- He talks about the cash flow quadrants and how they helped him understand the concept of cryptocurrency.
- He shares his thoughts on crypto and the stock market currently.
[16:31 – 25:42] How to Become Your Own Bank:
- Josh explained how Crypto can be used to become self-sufficient.
- Crypto is a money system that allows for the accumulation of wealth without permission from a greedy banker or central government.
- Crypto can help generate cashflow and an opportunity to invest your capital and get a return far more aggressive than keeping your money
[25:42 – 34:40] Crypto Flywheel: 3 Strategies to Accrue Wealth
- The three wealth-building strategies included in the crypto flywheel are: cash flow, appreciation, and leverage.
- Not all cryptocurrencies are created equal, but those with strong fundamentals and a sound strategy will be successful.
[34:40 – 43:16] Ways to Make Money with Crypto
- The thing about crypto is unlike real estate, you don’t have to deal with real estate’s accessibility and speed, and velocity.
- The trade-off though is you have to be cool with volatility.
- But volatility. A lot of times with a lack of financial literacy, people think volatility is bad. They think the risk is bad but most people don’t know that risk is a tool that you can leverage.
[43:16 – 51:48] Invest on Stable Coins and Make Money by Lending and Selling
- If you want to get higher yields on your investments, invest in cryptocurrencies like Bitcoin.
- Cryptocurrencies are a trustless way to store and trade value without the need for a third party.
- This trustless system is going to permeate every sector of our lives in the next few years.
[51:48 – 54:45] Closing Segment
- Want to connect with Josh Rhodes?
- Follow him through LinkedIn
Visit https://www.cryptoyall.co/learn54634203
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Tweetable Quotes:
“Not all crypto are created equal, but I’m using the cash flow from part one of the flywheels to increase my equity in stronger positions in the blue-chip cryptos that make up the future of what I believe is the future of society.” – Josh Rhodes
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