February 2018 – Your Dream Bucket

One of my favorite movies is Butch Cassidy and the Sundance Kid. And one of my favorite lines from the movie is where Butch says to the leading lady, Etta Place: “I swear, Etta, I don’t know. I’ve been working like a dog all my life and I can’t get a penny ahead.”  Etta responds: “Sundance says it’s because you’re a soft touch, and always taking expensive vacations, and buying drinks for everyone, and you’re a rotten gambler!”

Can you get rich gambling?  Well, maybe if you’re good.  But that’s not the reason I bring it up.

I’m always encouraging you to plan for your financial future – but let’s take a small break from that in this newsletter.  Let’s just have fun.

You can’t go through your life with nothing to look forward to.  If you have monumental goals, but nothing to celebrate on the way to achieving them, you might abandon the journey altogether.  We can’t let that happen.

Expensive vacations and gambling certainly can land you in the poor house, but as long as you can control this with a measure of discipline, they can be good things. After all, you do have to enjoy your life.

I titled this newsletter “Your Dream Bucket” because I think you should always invest some of your savings in something risky, and fun.  I’m not telling you to put your life savings in it, but you should have a little money to play with.  What’s something you really want to buy?  A trip to Europe, a new car, or a dream vacation home.  Put some money in your dream bucket and take some risk to generate the cash.

Your dream bucket could be any number of potential investments.  I’m going to list three recommendations to give you an idea of what I mean by a risky investment that has a lot of potential:

1. Gamestop Corporation. Over the last 5 years, Gamestop has run a good business.  For those who aren’t familiar, Gamestop sells video games through retail stores.  And it has remained very profitable.  However, many investors have feared that competition from online video games could destroy this business, similar to the way Netflix destroyed Blockbuster in the movie rental business.  This has pushed Gamestop’s company stock price to a multi-year low.  However, they have continued to evolve with the market by partnering up with other businesses to participate in the online video game market as well.  And they’ve kept their earnings high.  Furthermore, every time I’m in a Gamestop store, it’s packed with customers.

2. Corus Entertainment. Corus is a Canadian-based media and content company. The company’s multimedia offerings encompasses television services, radio stations, live events, children’s book publishing, animation software, technology and media services. Corus’ roster of premium brands includes Global Television, HGTV Canada, Food Network Canada, HISTORY, Showcase, and National Geographic Channel.  Like many other companies in media, its stock price has been hammered by investors fearful of the evolution of entertainment media.  But Corus has been working to stay relevant in an evolving market.  They are still a very profitable company, and they are currently being offered at a bargain price.  This company has tremendous potential for a rise in its stock price.

3. Bitcoin. By this point, there’s no one who hasn’t already heard of Bitcoin. Last year, it rose over 2000%, and the speculative frenzy propelled it to become a new asset class.  But in just the last few weeks, we’ve seen the price of bitcoin plunge 60% from it’s all time high price.  For those not familiar, Bitcoin is a type of digital currency that exhibits an underlying technology, called blockchain. Blockchain enables users to make purchases and transfer money around the world at much faster speeds and for far less cost.  It also provides powerful security that may at some point make much of the market for cybersecurity obsolete.  While bitcoin is volatile, and it could always become worthless, there is great potential in this new technology. It could become much more valuable than its current price. To educate yourself more on digital currency, go to www.coindesk.com.

I want to help you make 2018 your best year ever.  Not just with saving your money, but with enjoying it, too.  And, if you want to make huge advances with both, join my membership program.

Every month, I will give you a detailed plan and personal attention to get you to the next level with your personal finances. I strongly encourage you to join. You have a full money-back guarantee, so there is absolutely no risk.

To read more about becoming a successful saver and strategic investor, pick up a copy of my book, The Money Mission, in paperback or Kindle edition.

And, if you haven’t already subscribed to this newsletter, you can do that here.

Until next time, I wish you unlimited success!

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