Empowering Women: Expert Tips for Safe Day Trading and Financial Independence

Erin Thompson, a financial freedom architect, shares her expertise in safe day trading and helping clients with their finances. She emphasizes the importance of investing even while paying off debt and recommends starting with small amounts of money. 

"I really want to help other people, particularly women, to be able to make a plan for themselves and execute on the plan so that they can completely change their future." – Erin Thompson

Erin's journey is as fascinating as her expertise. With a background in engineering, she brings a meticulous and analytical approach to personal finance. Her transition into the financial realm was driven by a passion to help others, especially women, to demystify the stock market and build wealth confidently.
Erin teaches technical chart reading and risk management to her clients, focusing on low-risk day trading. She advises clients to look for specific patterns and trade during specific times of the day. Erin also helps clients with their money mindset and budgeting and offers classes and coaching for day trading. She believes in a comprehensive approach to financial success.

Learn more about Erin and her programs/trainings at: Learn more about Erin and her programs/trainings at: invitemoneyintoyourlife.com
Catch her on Instagram: https://www.instagram.com/invitemoneywitherin/
and Facebook: https://www.facebook.com/InviteMoneyIntoYourLife/?locale=es_ES

Main Points in the Interview

·      Erin Thompson's expertise in safe day trading

·      Her background in engineering and personal finance

·      Approach to helping clients navigate debt, investing, and financial independence.

·      She believes in investing while paying off debt.

·      Different types of investing: long-term buy and hold, swing trading, day trading

·      Accessibility of investing through low to no commission brokerages

·      Importance of risk management and use of cash accounts in day trading

·      Starting day trading with as little as $100

·      Higher probability setups for trading

·      Practical aspects of day trading: stop orders, setting specific trading times, active monitoring, and risk management.

·      Investing while paying off debt can be beneficial due to the power of compounding interest.

·      Day trading can be started with as little as $10 and there are many low to no commission brokerages available.

·      Technical chart reading and risk management are important skills for day trading.

·      Day trading requires identifying patterns and trading during specific times of the day.

·      A comprehensive approach to financial success includes money mindset, budgeting, and long-term investing.

Chapters

00:00 Introduction and Background

02:08 Helping Clients with Debt and Investing

04:11 Investing with Small Amounts of Money

06:03 Technical Investing and Risk Management

09:29 Identifying Patterns for Day Trading

12:52 Timing and Strategies for Day Trading

15:27 Selecting Stocks for Day Trading

20:00 Classes and Coaching for Day Trading

21:20 Money Mindset and Budgeting

23:20 Risk Management and Discipline

25:05 Starting Small and Long-Term Investing

27:48 Comprehensive Approach to Financial Success

28:56 Conclusion and Contact Information

Learn how to make investing simple for anyone and get on a path toward wealth.

Transcript

Floyd (00:00.078)      

You're listening to the Really Simple Investing Podcast. Welcome to season two. Our guest today is Erin Thompson. Erin Thompson labels herself as a financial freedom architect. I want to learn about that. She's a mother of five and blends her background in engineering and personal finance expertise to craft wealth and financial independence blueprints for her clients. So you're not exactly saying you're a financial planner, but you do financial planning for your clients. Is that accurate, Erin?

Erin Thompson (00:31.451)

Yes, I'm not a certified financial planner, but I do help my clients make a path and plan for themselves.

Floyd (00:35.246)

Okay. And you, you, you help newcomers to finance getting out of debt, investing in the stock market, and balance all of that with taking care of kids at home schooling and running three successful businesses. So you seem to be busy. Where'd you find time to do a podcast?

Erin Thompson (00:53.979)

I had to schedule it very carefully.

Floyd (00:55.566)

Your focus is on safe day trading. I'd to talk with you a little bit about that. I'd like to understand how you harness the stock market's potential for wealth accumulation and work with clients around that. So give me a little bit about your background. You're an architect, an engineer. What is it that your scientific background is?

Erin Thompson (01:17.851)

My scientific background is in mechanical engineering. I have a bachelor's in mechanical engineering and I have a systems engineering master's degree in systems engineering management.

Floyd (01:30.926)

And how long did you work in that area?

Erin Thompson (01:32.219)

I actually, I was going to say, so I actually am not formally trained in finance at all.

I did graduate college right, I was an automotive engineer, so right when the auto industry was tanking and the great recession of 2008 was upon us, I was kind of thrust into the world of adulthood, like I don't know what any of these things are, what should I be doing with my money, how do I start getting ahead? I went to a private engineering college, so I had tons and tons and tons of student loan debt and just trying to figure out how to navigate the financial world, and so I'm an engineer. a nerd, right? So I did tons of research and figured out what I should be doing with my money and I have put that into practice and it is helping me to this day and now I'm in a place where I really want to help other people, particularly women, to be able to make a plan for themselves and execute on the plan so that they can completely change their future.

Floyd (02:29.934)

Tell me a little bit about your approach when you work with a client. Somebody comes to you, they say, look, Aaron, we're not managing our money as well as we think we should. We'd like to be able to invest, but we don't understand all of that. How can you help me? What would you tell them?

Erin Thompson (02:46.331)

So a lot of times people are in debt when they come to me and they're just really kind of at their wits end, like I don't know what to do about this. So I do help them figure out a plan to help pay off debt, but I am a firm believer that, like I know some of the gurus say you've got to tackle your debt first, you shouldn't be investing while you're paying off debt, but I don't really agree with that. I think because of the power of compounding interest, you should be investing even when you're paying off debt. So I would consult with them about, different types of investing. So there's different timeframes, right? Long -term buy and hold investing. But then there's shorter terms like swing trading. That's when you're just holding onto something for a few days to a couple of weeks, maybe even a few months. And then also day trading is something if it's a person who really wants to be hands on with their money and they have the time to actively be in the markets every day and they're interested in that, that's something that I can share with them. A lot of people I think are great candidates for swing trading.

Erin Thompson (03:45.901)

trading to just add some extra money to their household. Or obviously long, you know, buy and hold investing, long -term investing is great for any family in the world, really. But, you know, I really want to help Americans. I think a lot of them are afraid, at least in the middle and lower classes, they don't understand the stock market. It seems tricky to them or...

Maybe it's just a bunch of emotional people, because some days it's up and some days it's down. So I work with them on understanding how the market works and why things move the way they do and kind of get through those fears so that they can get a handle on, okay, what can this really do for me?

Floyd (04:25.966)

So it's basic investing one -on -one that you kind of basically teach them to start, get them started. Is that what you would say? And given that a lot of your clients are middle to low income people and they probably are struggling with their debt a bit. So over 60 % of Americans struggle month to month with paying their bills. How do you help them get into a situation where they have that extra money that they can start investing?

Erin Thompson (04:33.371)

Yes, absolutely.

Erin Thompson (04:54.907)

Well, to be honest with you, one of the things I love, especially nowadays, is there are so many low to no commission brokerages out there.

So I tell people you can get started investing with as little as $10. I mean, there are so many brokerages out there that have $0 minimums on your accounts. So you can start with almost nothing and then just grow as small as fine, but that's growth, right? So if you want to be growing your money, any amount that you can put towards it is better than nothing.

Floyd (05:24.366)

So do you recommend investing apps like Stash or Robinhood, M1, any of those kinds of things for people? Where do you?

Erin Thompson (05:32.667)

I do. My husband has used Stash in the past. He really likes that and he uses Robinhood. I've been on E -Trade. I guess I get in a rut and it's what I know, right? So that's what I keep using, but I primarily use E -Trade. I do also have a TD Ameritrade account and I'm familiar with Robinhood and Stash from my husband and kind of seeing what he's doing with his investments.

Floyd (05:52.526)

Okay. So when you get people to the point that they're ready to start doing what you call safe day trading, do you have a particular broker that you recommend that they work with?

Erin Thompson (06:03.611)

I do have a big list of brokerages that they can work with, but I just tell, you I work with E -Trade, so E -Trade is a fantastic choice, but really any broker, you'll be able to do a lot of the, because day trade, I know it sounds maybe complicated, but it's really just like long -term investing, you're just doing it on a shorter timeframe, but the mechanics are all the same.

Floyd (06:27.31)

So do you teach technical investing to your clients? Okay. And are there particular aspects of technical investing? Because most people kind of see technical investing as complicated and maybe for a more sophisticated investor. But what is it about technical investing that you think someone should focus on if they're gonna try to do some day trading?

Erin Thompson (06:30.331)

Yes. Technical chart reading, how to read charts, different patterns that are.

So I will say for my approach, my big focus is on risk management above all else. And that's why I call it a low risk or a safe day trading approach. I'm trying to, with my engineering background, you try to engineer something to be safe for consumers to use, right? And then...

Erin Thompson (07:12.027)

from there, if you can't engineer it to be safe enough, you're applying warning labels and things like that to it. So I kind of took that approach and I'm trying to engineer, like I'm recommending certain account sizes to start small. And then within that, never trading with more than a third of the amount that you have in your account.

On any given day because a cash account, it takes three days for your money to settle. So if you only use a third of your account every day, you have that same amount to trade. There's a lot of people that talk about the pattern day trader rule. I steer my clients away from getting margin accounts because margin accounts allow you to borrow and the very nature of doing that is not in line with safe day trading. So I...

Floyd (07:59.278)

Right, safe, day trading and margin accounts are kind of contradictory to each other, right?

Erin Thompson (08:03.547)

Right, that is not where you want to be if you are looking to do safe day trading. So I recommend my clients just get cash accounts. But then with the cash accounts, you have to wait the three days for your funds to settle. So you're never trading with more than a third of your account at a time. So you can never lose all of your money that you have in the account.

Floyd (08:19.406)

Now, what kind of funds do you think someone needs to have available to them to start doing day trading? Can I start day trading with a hundred bucks?

Erin Thompson (08:31.419)

You can, you absolutely can.

Floyd (08:34.382)

Okay, how do I do that?

Erin Thompson (08:36.539)

you would open so you could use an e -trade account just like I have which is free to open and there's zero dollar minimums and what I would recommend is that you start really small right if you only have a hundred dollars then you're only going to want to trade with no more than thirty dollars at a time at first but there's lots of stocks out there that are trading like in the one to ten dollar a share range so you're just buying a few shares and I have a whole list of patterns that you're looking for that are higher probability setups so you're more likely to make money with these setups and I would look for some of those try to trade those and then it's it's very slow but slow and steady wins the race like we know from the old fable it's slow growth but it is growth and really the goal is just ending every day a little bit more than you had yesterday and before long you would be amazed within a few years

Floyd (09:29.742)

Let's talk about some of those patterns that you mentioned. I'm going to get started with investing. I have whatever my minimum dollar amount is. If I'm following your approach, I'm going to put one third of it into a trade on a particular time period. You have some individual stocks that you might recommend to me. I look at those. I start trying to identify patterns that I want to start trading against. Talk about those patterns. What are they?

Erin Thompson (09:54.171)

So there is a collective, if you're observing the market, you can kind of see different things show up over and over and over again. So once you know what you're looking for, then you know, oh, it has spiked this morning before the market has opened and now it's pulled back a little bit, but it is poised to kind of take off again. So that's one of the patterns that I teach people to look for.

Floyd (10:20.334)

So at the opening of the stock market for those people that are actively involved in trading, whether they're institutional traders, professional traders, or individuals like the people that you deal with, it's typical for stocks to kind of go up in the morning and then slow down a bit as the market kind of digests the news about whatever that stock is doing. Other traders look at the patterns that are going on, jump in or out of the trades, and then that may increase through the afternoon or fall in the afternoon, depending upon what's going on.

How do I know what I'm doing with that particular stock? What kind of patterns am I looking for in the trading activity, the pricing activity of a particular stock that you might be suggesting to people?

Erin Thompson (11:02.747)

These are great questions. So there are hot times of the day and there are lulls in the day. So usually the first hour of the market being open is a hotter time and the last hour of the market being open. So 3 to 4 p .m. Eastern is going to be a hotter time. And then, yeah, generally around lunchtime is going to be a lull in the middle of the day. And it's not that there isn't anything that you can make money on in the middle of the day. It's just less likely that there are a lot of good setups. So you just want to be more selective on what you're getting into during the middle of the day. But I also, one of my big rules is the very first 15 minutes of the market open, it's crazy. There are lots of people who are doing all kinds of things with their money. A lot of people really like the first 15 minutes because there is so much volatility. But one of the ways when you can really keep your money safe is to wait for 945. because there's so many times when I'll go to get into something because it's going up, but then as soon as you get in, it starts pulling back. You almost want to see it pull back and prove itself first before it will actually then go on to take off. And a lot of times waiting for 9 .45 is the magic time to get into something like that.

Floyd (12:17.102)

So your magic time is sometime after 9 .45 is basically what you're suggesting.

Erin Thompson (12:22.019)

Yes, yeah, a lot of times during the day I'm trading from 9 .45 to 10 o 'clock and then I have an alarm that goes off at 10 that tells me it's time to go do school with my kids.

Floyd (12:32.334)

Okay, so you've placed these trades before 10 a .m. Eastern time when the stock market is open and then you have time for other things during the day. Are you watching that trade as well? You got like maybe your phone or something sitting next to you while you're doing things with homeschooling for your children or how does that work?

Erin Thompson (12:52.155)

There are some setups where it might not do the thing before 10 a .m. and so I am kind of watching out of the corner of my eye. But there's a lot of times where I'm in and out of that stock within 15 minutes and I'm done at 10. And so now I can go do homeschooling with my kids. But yeah, there's a nice, there's certain types of orders you can set up where if the price action goes against you and it goes down, you can set a stop, which is one of the big things I teach. That's another way to keep your money safe is.

You know, going into the trade, assuming it's going to fail, but being cautiously optimistic. If you assume it's going to fail and you set a number in your mind, okay, I'm all right if I lose, you know, $10 or $40 or whatever. And then you can figure out how many shares you buy based on that. And once you are in the stock, you have that stock level set with your order. If it gets to this, then I'm out or on the high side, if it gets up to here, this is my goal and I would like to be out at that price. So those are really nice to be able to put those orders in place. So if there is something that's taking longer than 10 o 'clock, I can walk away and do school with my kids and just kind of monitor it on a different, like on my phone or on a different screen.

Floyd (14:02.446)

So it sounds to me like you're not suggesting that somebody open a trade on a particular stock in the morning, hold on to it through the trading day and sell it right before closing in order to make a profit for that day. You're suggesting active trading throughout the day. Is that what you're saying?

Erin Thompson (14:20.987)

There are some, it's really chart dependent and stock dependent. There are some setups where if you get in on it in the morning and like it just so happens that it's going to chug up all day and that would be a wonderful strategy to just watch it all day and get out when it gets to the price you're looking to get to. But there are a lot of other setups where it will spike and then it falls and it just sort of does that. It might come back in the afternoon, but. the action was right then in that 945 to 10 a .m window. And there's other plays too.

Floyd (14:55.022)

So a lot of the active trading stocks are the bigger stocks, the Tesla, the Starbucks, Microsoft, Apple, those kinds of things, Facebook. Are those the stocks that you're suggesting to clients or do you have a more select list of stocks that you ask them to look for?

Erin Thompson (15:12.443)

So I do recommend those for long -term investing. Anybody who wants to get into long -term investing, I think you should invest in some of your favorite companies that you like to buy from. And really just kind of keep an eye on the news if something really bad happens or, you know.

For the most part, with buy and hold investing, you're going to hold onto it. For day trading, it's really dependent more upon the chart. We also look a lot at the float, how many shares are available to trade, because stocks that have a smaller number of shares to trade automatically have more demand, because there's a smaller supply of those stocks. So they will tend to make a more volatile move. Typically in day trading, you're looking for volatility.

So I would recommend more like a lot of the stocks that trade on the NASDAQ, a lot of the biotech type stocks, AI stocks these days, electronic electric vehicle plays are really good day trade stocks as well. And I have different scanners that are looking for certain criteria. And so those help tell me what I'm looking to get into for the day. But yes, for long term buy and hold investors, I would say more of the the established, the well -known companies that are doing well.

Floyd (16:26.286)

Okay, well, let's take a break. We'll come right back and when we get back, we'll have Erin talk a little bit more about some of those standards that she applies to individual stocks before she selects them. So you're listening to the Really Simple Investing podcast and we'll be right back. 

So you're still listening to the Really Simple Investing podcast. Our guest today is Erin Thompson. She is an active day trader, something that she refers to as safe day trading. And we've been talking about how to find those stocks that you start investing in in the morning for day trading. And maybe you get in and out of that stock or you hold on to it for the day. But you have particular criteria that you want to apply to a stock in order to day trade as opposed to some of the larger stocks that you might hold for long -term investing. So let's talk about some of those criteria.

Erin Thompson (17:23.099)

So some of the criteria are if a stock is gapping up really big in the, like either in after hours the previous day or in pre -market before the market opens. If something is up pretty big, that is one to watch for sure. You want to be looking at something that has had a pretty significant, like greater than 10 % gain on the day compared to the previous day. If it is a lower float stock than something that has rotated the float,

Floyd (17:49.582)

Is there a place I can go to to find that activity? Do I look at financial news? Do I look at Yahoo Finance?

Erin Thompson (17:56.411)

Yes, so within your trading platform, whatever you're using to trade, there is usually a way to, some people call it screeners, but you can enter in certain criteria so you can look for, you know, more than a million shares have been traded today, because you really want volume to be there as well. If you show up to the party and you're one of the only people there, there's not gonna be much action. You want something that has gapped up and a lot of people are looking at, the more eyeballs on it, the better.

Erin Thompson (18:26.317)

because there's more likelihood that there is going to be a move that you can get a piece of.

Floyd (18:31.374)

Okay, so you've got to find stocks that a lot of people are buying action into and something that has happened from the previous day. Do you also follow any of the financial news to say this stock reported strong earnings or this stock suddenly got in trouble with the regulators about their product? One of the doors flew off their airplane. All of a sudden, the stock is crashing and now you're trading Boeing short. What about those aspects?

Erin Thompson (19:01.275)

Yeah, so we call that a catalyst and a catalyst is super important. You really want to see the chart doing what you're looking for. So that would be that gapping up in the morning. You really want volume to be there. Lots of other people looking at this chart and already getting in on the action. And then the catalyst is the third big thing that you want to look for. So certain platforms are better than others about telling you that this particular stock has news. But yes, you really want if something has news, that's a

great recipe for a stock that you might want to day trade that day.

Floyd (19:36.014)

So do you have a basic like, I mean, you're getting with your client, you're trying to get them help with their finances in terms of handling their debt, getting them out of debt so they have money to invest. You're talking to them about maybe short and long term investing. But do you have like a class or something that they go through for day trading with you or do you just kind of work with from day to day for a period of time until they've learned some of your techniques?

Erin Thompson (20:00.923)

I do. I have a couple of classes. So I have a longer term investing class and I have a shorter term day trading class that they can go through. And with the shorter-term day trading class, then they get access to a group where I'm in there every day and I'm sharing with them the tickers that I'm looking at for the different stocks that are going to be good candidates. And we're all sharing what we're looking at and what kind of trades we're getting into and how they're going and things like that.

Floyd (20:27.918)

Right. And why would someone want to work with Aaron Thompson versus somebody who's been a professional trader for years and, you know, has licensed and all that sort of stuff?

Erin Thompson (20:39.931)

That's a great question. Really, I truly care about the success of each one of the clients that I work with. I am super, super passionate about helping people with their financial situation. I know in the past, I grew up from very humble beginnings. Never in my wildest dreams would I have anticipated that I would be a day trader on the stock market and teaching courses and helping clients with their finances. But I'm really excited. It feels like my life's work to do that. And I really want to be transparent with everybody, my clients on the trades that I'm making. A lot of people are afraid to lose money.

which I totally understand. But losing is a part of trading. No one, not even the algorithmic traders, are right 100 % of the time. So it's really important. That's one of the things that I, kind of sets me apart, I think, too, is I'm not just teaching you the technicals. I'm teaching you to recognize the thought patterns that you're having, because really, that's the hardest part of day trading. It's not learning how to do the stuff. It's learning the emotional side of yourself.

Floyd (21:46.926)

Would you agree with this idea that the idea around risk in the stock market is primarily a function of lack of knowledge or lack of rules on how you're trading? I mean, I've had people because I worked in the financial industry a good part of my life, asked me for, you know, a hot stock tip because they want to go buy that stock the next day and look at it for a week and make some quick profits. You know, they think that I somehow have an inside track on the stock market because I work for.

a financial institution, right? That's really not the case. But you want to get some customers that have a bit more discipline around what they're doing to invest because that discipline reduces the risk of loss, right?

Erin Thompson (22:18.427)

Right. Absolutely, they say it's really in day trading. It's not how much you win. It is controlling your losses So that is a big thing that I delve into like risk management is interlaced into everything that I talk about and I really want to help people keep their money safe and so the biggest way to do that is to recognize when they're starting to rationalize not getting out of a position or not cutting their losses and working on that because once you

are trading from a very logical standpoint and this is my plan and this is what I'm gonna do and when it fails that's okay and I'm out. When you're trading a good, like a good trade is when you are following your rules, having the discipline, doing it the right way, whether or not that trade was a win or a loss because they're not all gonna be wins.

Floyd (23:20.846)

Would you recommend that somebody stay in a trade as it's going up beyond what they originally set as their expectation? Let's say it's risen in a day 10 % and your rule is if a stock rises 10 % I sell. But at that 10 % point, if they're kind of a gambler, they're like, well, maybe it's gonna go 12%, maybe it's gonna go 14%. I'll just watch it for a little bit longer and make a little bit more money and that might be a fallacy, right?

Erin Thompson (23:48.717)

Absolutely, there are so many people where it's like darn it I was up and I thought it was gonna get to this level and then it didn't and now look at me here I said it got I went back down and I now I have nothing to show for it I've actually lost money on the day So one of the other big things for risk management wise that I teach is taking profit on the way up So let's say you bought a hundred shares of something when it gets you know a slight gain sell 20 a little bit more sell 20 more a little bit more You know they get the idea and then that last one shares if you get past your your 10 % gain or whatever your goal was then you can hold on to those last 20 shares but you know you took profit all the way up because you cannot go broke taking profit.

Floyd (24:31.662)

Do you have a criteria for your clients before they start day trading? Should they have an X dollar amount of money invested in maybe an emergency fund or long -term investing account? Day trading is considered risky. We talked about some of these risks. If I only have X dollars to invest in, I'm going to put all of my money into day trading and make money right away. And then I'll do all those other wise things that people ask me to do like having an emergency fund and investing in a long -term mutual fund or exchange rate fund. What kind of recommendations do you have for people around that?

Erin Thompson (25:05.947)

So typically, day trading takes a little while to get good at. And again, it's not the technical stuff. It's mastering yourself and your emotions. But in the beginning of my day trading course, I instruct people, I would really start with a small amount of money. Your family is not going to miss this money.

And it's kind of forgotten money, right? You're not thinking about it. You're not counting on that money. It is gone and doing its thing in this other account. And then don't touch it. Let it grow as you're having the gains in the stock market every day, these small gains. So I really recommend that people start small.

Obviously if you have more money to trade, you stand to make more with each trade, but if you're not ready for those type of gains, then you're not ready for those type of losses either. And I don't want to see people lose too much money too fast. So I really recommend that people start out small and then once you get the hang of it, you can start to make more.

Floyd (25:53.646)

So my perception is that you work with a client on an individual basis to make sure their finances are stabilized and maybe getting out of debt. And then you get them into one of your classes to teach them day trading, but with your safe day trading approach. What else do you do for clients?

Erin Thompson (26:06.981)

Yes. I work a lot with them on money mindset. I know I was raised with thinking certain things about money and I know my parents meant well, but it really got me into a place of scarcity in my adult life. And so I've had to work a lot on my money mindset to change the way that I think about things and how I am.

attracting money into my life versus believing that I don't have enough and there's not enough and there's never going to be enough. It's just a very different energy that you approach money with. And so I work with my clients on thinking about money in a different way. And then like a lot of people don't like budgeting because it feels painful. You have to give up all these things, but really your budget should just be a reflection of the things that you want to have in your life. If you want to have a nice car. and it shouldn't, you know, now you have to maybe not have some of these other things, or if you want those other things, then maybe drive a car that's not quite as nice. So really you should feel good about all of the things that you are purchasing and that your monthly budget allocates for.

Floyd (27:02.094)

I think I read somewhere where 99 %

Floyd (27:17.934)

I think I read somewhere where 99 % of self -made millionaires work from a budget. So you would think, well, if I'm a millionaire, I don't have to budget. But the amazing thing is that if you're a millionaire, it's because you budget it, right? Okay.

Erin Thompson (27:30.171)

Absolutely. But the budget, just like a scarcity mindset around money, your budget doesn't have to make you feel like you are in lack, like you're lacking good things in your life. It's really reframing people's mindset around both of those concepts that can help them really start to thrive financially.

Floyd (27:48.75)

So you help people with their finances, you help them with their mindset, you help them with day trading, you make sure that they have a long -term investment account as well. If I wanted to work with you, Aaron, how could I get in touch with you and where would I get started?

Erin Thompson (28:01.723)

You could check out my website invitemoneyintoyourlife .com or you could email me at aaron at invite -money .com.

Floyd (28:11.982)

Okay, that seems pretty simple. You have what I think is a comprehensive approach for dealing with the client. It isn't just day trading.

Erin Thompson (28:17.595)

Yes, I'm really excited. I've spent a lot of, yeah, I've spent a lot of time learning the skill, getting good at the skill, and now I want to put all of my lessons learned into my course. That way other people can kind of hit the ground running and they don't have such a long learning curve to try to get good at it.

Floyd (28:34.542)

Okay. Well, fantastic. I think I really enjoyed talking to you today and learning about what you do. I hope the clients get in touch with you. Again, give them that website.

Erin Thompson (28:45.819)

It is invitemoneyintoyourlife .com.

Floyd (28:49.742)

And that's all one word, right? Okay, perfect. Thanks for joining the really simple investing podcast today, Aaron.

Erin Thompson (28:51.353)

Yes, Thank you so much.