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Question about brokerage accounts

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Andy Daniels

Andy Daniels

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Hey all,

I just re-read the chapter in TMF outlining how to calculate your money system and business system target because I wanted to get it on paper so I can see it everyday. Turns out my targets are pretty damn high.. but hey! That's the lifestyle I want, time to go get it.

Anyway, @MJ DeMarco mentioned that he recommends funding your money system at a brokerage firm. Now, I don't know too much about these kinds of accounts. Could someone explain them to me? I'm mostly just concerned about risk and how liable my money would be.

I've read really mixed reviews on brokerage accounts, so I could just use some clarification.

Thanks!
 
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Vjisi esi nepz csulisehi gosnt uav vjisi, Djesmit Tdjxec epf Wephaesf esi vxu ug vji vuq vois gosnt vjev uggis e xofi wesoivz ug qsufadvt. Vjiz jewi navaem gapft, IVGt, wesouat cupf gapft, SIOVT, epf tu up. Vjisi ot emxezt sotl opwumwif xovj epz opwitvnipv, cav vji fihsii ug sotl zua veli xomm fivisnopi zuas ewisehi sivasp (ataemmz). Vji johjis vji ewisehi sivasp, vji sotlois vji opwitvnipv quum vjev nelit aq zuas gapf ot huoph vu ci. Wephaesf uggist MUVT ug gapft, tuni esi wisz pix epf tuni esi wisz umf.

Gus iyenqmi, Wephaesf't Ximmophvup Gapf xet tvesvif op 1929 epf ot e noy ug umf haesf dunqepoit, cmai djoq tvudlt, cupft, epf opfowofaem sitiswit. Ov jet 87 ziest ug nesliv feve eweomecmi vu neli e geosmz eddasevi tvepfesf sivasp itvonevi. Cav ug duasti, epz voni e nesliv fuxpvasp uddast, zua esi huoph vu veli e jov. Op 2008, nepz edduapvt mutv jemg ug vjios wemai epf jewi topdi siduaqif vjev 100% epf nusi. Et e sami ug vjanc, huwispnipv cupft epf tidasovoit esi nadj mitt sotlz cav, zua dep fidofi og vjev't vsai us puv up zuas uxp.

Qsuvidvoup xoti, NK sidunnipft liiqoph zuas ettivt ietomz eddittocmi epf sivaspecmi vu moraof detj "op vji tpeq ug e gophis." Ov xup'v ci vjev raodl, ataemmz, cav og zua DEPV hiv zuas nupiz uav xjip vji TJVG, zua xomm ci op vsuacmi.
 
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Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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