Think about all the billion-dollar companies you shop at and buy from daily, like Walmart, Target, Apple, McDonalds to name a few. We contribute to them becoming and staying rich and wealthy by shopping and buying their products and services.
But can we get some of that wealth we are creating for these companies, and if so, how can we get a piece of that wealth?
First, the answer is a RESOUNDING “YES” we can get some of that wealth!
Secondly, we can do it by buying stock in companies.
There are literally thousands of companies that offer EVERYONE the opportunity to become owners in them through purchasing shares of stock in them.
Think of a “share” as a slice of ownership in a company. Also, you can remember it by thinking they call it a “share” because you are “sharing” in the ownership of the company.
But the great news is that you don’t have to work for the company to have the opportunity to make money. That’s right, you heard me correctly, you don’t have to work for the company, you buy ownership in the company based on different factors, but you are not responsible for working at the company to make money.
This is why the wealthy love the stock market; it gives them the opportunity to “OWN” pieces of companies, and if the companies’ stock increases in value after they purchased shares, they are increasing their wealth without having to “ACTIVELY” go to work to achieve it.
This is why EVERY BLACK PERSON should learn how the stock market works and be ACTIVELY involved.
Now, you may be thinking, it has to be very expensive to buy shares in these multi-billion-dollar companies!
Well, think of it this way, when you go into most stores, they have items in the store with different price ranges and that’s the same for when you are shopping to buy shares of stock in different companies, the prices can range from a few dollars per share to hundreds of dollars per share and even some cost over a thousand dollars per share, but there is something in everyone’s price range.
You may be thinking, “This sounds great, but won’t I have to spend hours every day looking at complicated charts and doing research!”
Decades ago, you had to go to the store, buy a newspaper, sit down, search through pages of stock symbols, price quotes and charts and read commentary from stock experts and read all the news and then pick up the phone and call a stock broker to place an order to buy shares of stocks and then mail them a check to pay for the shares you wanted to purchase.
With advances in technology, now you can do all that on your smartphone or tablet in a matter of minutes.
I once went to a very popular restaurant that had a line coming out the door. While standing in line it dawned on me that I come here frequently and should be an owner in this restaurant, so I pulled out my smartphone, looked up the stock and evaluated the stock while I was standing in line. By the time I walked out the door with my bag of food in about 15 minutes, I was an owner in that restaurant because I knew how to purchase shares of stock in that restaurant right on my phone just like I buy items on my phone from Amazon.
Think about the POWER behind being able to do that! How many people in our community know how to shop on their phones on the Amazon app as a CONSUMER, but do not know how to buy ownership in the companies we support and help grow rich and wealthy daily?
My mission is to change that narrative! Through our Shop For Stocks online platform and app, we can now easily shop for OWNERSHIP in various companies!
My company, FLip That Stock, has partnered with The Baltimore Times to educate, empower and lift our people to new financial heights we need and deserve to live our best lives!
Join me on November 16, 2024, at The Inner Harbor for my LIVE Seminar “A FUN and EASY Way To Learn The Stock Market and Shop and Buy Stocks.”
For details and to get your ticket, visit https://www.flipthatstock.com/flip-that-stock-events
J.R. Fenwick is the CEO of FLipThatStock.com, a leading stock market education and technology company based in Maryland.
