E5: Building Wealth with Food, Bitcoin, and a Freedom Mindset Featuring Mark Yegge #TheJimGaleShow
This episode is jam-packed with leading-edge, financial wisdom for our unfolding new world, from understanding wise investments such as Bitcoin, to challenging the false perceptions of our economy created by Wall Street and other conventional “authorities.”
Mark Yegge, a wealth architect, fund manager, author and mentor, joins co-hosts Jim Gale and Matthew Britt to help us unpack many ways to increase our wealth through investing wisely.
An advocate of Bitcoin, Mark outlines in great detail what Bitcoin is, in terms that can be more easily understood by the layperson, and why it’s such an important investment to consider.
He also talks about SOLUTIONS for investing and that “it all starts with the mindset, you need rules.” He has a system which he calls “The Cash Flow Machine” (60 rules- “a decision tree”). The most important thing is to learn these rules to prevent yourself from making emotional decisions.
A few tidbits he outlines, based on an older book he loves, Beat the Market (https://www.amazon.com/Beat-Market-Scientific-Stock-System/dp/0394424395), by Edward Thorpe:
- Recognize patterns
- Take the emotions out of the process
- Follow logic
- And follow patterns in a way that help you have a yield
ABOUT INVESTING:
Mark: “80 percent of the time, the people buying the options lose their money, 80 percent of the time because 80 percent of the options expire worthless. I didn’t say 100, I said 80…so it’s just a probability basis…Remember when you buy a stock, you have a 50 percent chance of being right, and 50 percent chance of being wrong. If you can inch that up towards 80 percent that’s not a 2 percent edge, that’s a big edge. And that’s the key: You get the probabilities in your favor, and you keep doing it over and over again.”
Matthew: “One thing that popped in my mind is about the baseball Hall of Famers and the batting averages these people hold and remember that none of them were batting 100 or a thousand percent, right? Your absolute bets are about maybe getting to the 400s, and on average your Hall of Famers are in the 300 range. The reality is 7 out of 10 times those people are striking out…So just applying that to life, making sure that you are taking those chances, and getting out there and trying stuff, and realizing if you fall, you better get the F- back up and keep going, because life is made for winning and winning comes from failure and trying and continuing to move forward.”
–”I want our listeners to take heart, that no matter where you are right now, and I know a lot of people are struggling, and are in the place where they things are failing for them, things are getting challenging right now, the squeeze is on…so now is the time to dust off your pants, pick yourself up by those bootstraps, get back out in the field, and take another swing.”
CONVENTIONAL WISDOM DOESN’T HOLD TRUE NOW:
Mark: “They also tell you to diversify. I call it ‘de-worse-i- fing.’ The 60-40 portfolio. That you should be in 60 percent stocks and 40 percent bonds. Bonds are considered on Wall Street, if you don't know, the safe money because they pay interest. Yet, the bond has paid about 2 percent over last 10 years on average–it didn’t keep up with inflation so that doesn’t sound safe to me and for the first six months of this year the bond market lost 30 percent….and the bond market does not recover as quickly so I think the fun times are over for bonds .. just a lot of Wall Street propaganda that affects the way we think.”
–”We have to start being critical, to use our brains to have some critical thinking, because most of what we’re being told right now just ain’t right.”
Jim: Shares his thoughts on BlackRock and its computer, Aladdin, that he believes runs financial bets and controls $14 trillion. “So now you have a top down entity that is run by a computer, that is sucking like a parasite the productivity with humanity out with every single bet.”
Mark: “Inflation is not 9 percent, as they say…but even if you believe that number, we’re talking a month’s salary, we just a lost a month’s salary by listening to these ‘experts’ who have never run a business, that are lying to us about what the inflation rates are, and letting them handle our money…and we’re letting them do it.”
“What’s going to happen, and I don’t know when it is going to happen, is we’re going to have massive currency failures around the world…already seeing in Turkey, Argentina, and Venezuela, Ecuador, Sri Lanka. We’re seeing massive inflation. When you start seeing massive inflation…we’re going to be experiencing the same thing, and because we’re so irresponsible, we’re going to ruin the dollar too…and that’s when the world moves to Bitcoin.”
Jim: “Best investment I ever made, and they’ve done stats on this, if you bought a cherry tree and you bought Apple stock, a fruit tree, a berry bush, a garden, is the most proven, radically beneficial investment that I imagine that I can ever make.”
“I think it’s possible that a handful of seeds will be worth more than a handful of gold in the next few years.”
“In the United States alone, between 54 and 70-something percent of people are living paycheck to paycheck. So what does that mean when your gas goes up by $200 per month, and/or food prices go up by 200 percent a month, and then your energy to keep your home warm in the winter goes up by 100 bucks a month…we have the highest credit card debt in any time in history.”
Mark: “All you have to do is study what Bill Gates and China are doing. They are buying agricultural land around the world. Why? I believe it has to do with something you’re talking about–how seeds and fruits and vegetables and the ability to produce them can be worth a lot more TVs, cars and other stuff like that.”
Matthew: “Bill, I believe, is also the owner of largest seed bank in the world, which tells you something.”
BITCOIN:
Mark: “I’m stacking Bitcoins because I tell you that there’s never been a four-year period where anyone who has ever bought Bitcoin lost money.”
“It’s hard to ignore what I believe is the closest thing to perfect money that human beings have ever devised….that’s Bitcoin, not the other cryptocurrencies.”
“And now you have a beautiful, proven 13-year technology that I think is the future.”
“You have to understand it–50 to 100 hours of study–because it’s new technology.”
“If you study money, it has to have a scarcity component.” (as Bitcoin does)
“It’s good insurance against something really massively bad happening.”
“This world is different from where it was five years ago…it was a little more innocent five years ago.”
Matt: “It’s using fear as the weapon. Everything that is being done today is really about driving that fear narrative, and people inherently give up their rights to feel safe, which is why fear is such a powerful motivator, and you tie it into the dumbing down of society, leveraging our education system.’
Mark: Alludes to giving up safety as cited by Benjamin Franklin who once said: "Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety."
The “dumbing down” of education:
Matthew: References a book he loves, The Weapons of Mass Instruction, by John Taylor Gatto https://www.amazon.com/s?k=weapon+of+mass+instruction&gclid=EAIaIQobChMI1cjzg8y1-QIV2cmUCR2S1wHZEAAYASAAEgJslvD_BwE&hvadid=241902005254&hvdev=c&hvlocphy=9009669&hvnetw=g&hvqmt=e&hvrand=17749394634105417217&hvtargid=kwd-13986232142&hydadcr=8486_10383095&tag=googhydr-20&ref=pd_sl_8n9q2ecbei_e
“We have become very good at trusting the experts. We have lost the ability to logically take in information, sit with it, and seek other sources of information.”
“Today, we’re in this F-in mess where we are about to have a dollar collapse, a food system collapse, a medical system collapse…name your system, they’re close to collapsing…we’ve become so entrenched in the ‘trusty experts’ mentality and to do what you’re told.”
HOW CAN OUR AUDIENCE START GATHERING BETTER KNOWLEDGE?
Mark: “We don’t teach what we need to know about life in our schools. We teach a bunch of bullshit. I know more about Romeo and Juliet than I know about paying my taxes.”
Check out: https://go.destinycreation.com
“You can start to get the knowledge of what you need to be a critical thinker, and all of that leads to a freedom mindset. And why aren’t we doing that more, because that one guy out of a thousand is controlling the narrative.”
FOOD AS INVESTMENT–To the NEW:
Jim: Adds his perspective on the return of investment (ROI) of seeds, which multiply, with little maintenance: “The return on investment of nature is infinite.”
Someone asked Jim: “When will we know that you have won the war?”
Jim: “That’s easy. When they’re no longer spraying aluminum oxide and poisons in our air. When they're no longer putting fluoride which is a toxic chemical in our water, when they’re no longer put glyphosate in our living soil, THE SOIL BEING THE IMMUNE SYSTEM OF THE EARTH..and they're killing all the microbiome in the soil by just nuking it. It’s insane.”
Jim ends this podcast, alluding to his new food investment called “Yield in Sprouts,” a digital asset that includes food growers and the community.
About Mark Yegge:
Wealth Architect, Fund Manager, Author and Mentor
Mark Yegge has spent his entire life learning and teaching people about wealth and personal development. He started his first business when he was 10 years old and invested the profits in stocks when he was 12 – and made enough to buy his first car.
He sold his Wall Street software company and retired at the age of 39, but not before growing the company from $0 to a $30-million dollar enterprise. Along the way, he garnered awards as Small Business of the Year, the Florida 100, and the Fast 500 – recognizing the fastest-growing companies in America. Personally, he was recognized twice by Deloitte and Touche as an Entrepreneur of the Year finalist.
Today, he manages a hedge fund – The Intelligrowth Fund, and provides stock and option advice and education through StockTradeGenius.com.
He speaks to various groups several times a year about business, wealth management, and personal development and has been recognized as one of the top worldwide trainers with the Dale Carnegie Organization where he helps people become excellent public speakers.
He is the author of Negotiate To Win-Win; Jump Start Your Financial Life; The Secrets of Business; and The 7 Secrets of Trading.
Websites:
https://go.destinycreation.com/jimgale
Facebook: https://www.facebook.com/mark.yegge11
Instagram: https://www.instagram.com/MarkYegge/
Twitter: https://twitter.com/markyegge
LinkedIn: https://www.linkedin.com/in/markyegge
Food Forest Abundance:
Website: https://foodforestabundance.com
Facebook: https://www.facebook.com/FoodForestAbundance
Instagram: https://www.instagram.com/foodforestabundance/
Twitter: https://twitter.com/FFAbundance
LinkedIn: https://www.linkedin.com/company/food-forest-abundance/
YouTube: https://www.youtube.com/watch?v=eIb8p5eWZl8
The Jim Gale Show Podcast:
Produced by: https://socialchameleon.us/