Whether you’re in debt with credit cards, student loans, car notes, or house loans, we all have some form of debt.
The thought of paying off your debt might seem stressful at first but imagine what a debt free life could mean for you.
Debt keeps us from saving money, investing it, and reaching financial freedom.
So, what’s the best method to eliminate debt?
The Snowball Effect
Snow!
There are a few proven methods to paying off debt. We favor the snowball effect method due to its quick momentum and effective results.
This is how it works
You start by paying down your smallest accounts first while making minimum payments on the rest of them.
The approach is to eliminate your smallest debt aggressively. Once you’ve paid off your smallest account, rollover that payment onto your next account.
By the time you’re paying off your third account, the amount equivalent to your monthly payments from the first two will have a drastic effect moving forward on your outstanding balances.
Avoid This Mistake To Stay Debt Free
Don’t spend more as you earn more
In order for the snowball effect to build momentum, you must be consistent and not divert from rolling over once your first debt has been eliminated.
Most people will fill in the space with something else once they’ve paid off their car or credit cards for example.
This spending habit pulls you back to a never-ending cycle.
Remember, once you’re debt free all that disposable income is yours to enjoy. Save it, grow it by investing, and enjoy it!
Don’t let income creep lifestyle keep you from reaching your financial goals.
This is how people making six figures a year can be in financial ruin just as much as anyone making five figures.
Continuously work towards earning more income to pay off your debt more aggressively.
The sooner you payoff one debt, the sooner you can move on to the next while eliminating accruing interest.
Create A Budget
Use a loan calculator for your student loans to understand and save better on bigger payments, as well as finding areas you can budget for, such as junk food, streaming services, and other non-essentials.
You’d be surprised at how much you can save a week by meal prepping instead of eating out daily.
Write down your expenses and see where you can cut back. This strategy will help you not only develop a winner habit but play an important role in your journey to a debt free life.
Mint is a great app that breaks down your expenses and allows you to have an overview on all your account balances.
It Takes Discipline
The fact that you’re here shows your willingness to make this incredible change in your life.
Financial freedom is an amazing experience we all deserve a chance to.
Realistically, only by taking the necessary actions to see our goals through will we truly reach a debt free life.
It’s time to live in the moment and focus on the things that truly matter to us the most.
Be consistent, stay on top of your goal, you have the power to do this.
Ever wondered how to generate money in your sleep? Here are 6 guaranteed ways to earn passive income no matter where you are in the world.
Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.
Lets get started!
Earning passive income has never been easier to earn.
Whether you’re looking to earn a few hundred dollars per month, an additional $1,000 per month, or $100k per year, it’s all very possible.
Some of these are effortless, others will require more time and work from you.
#1. Invest In Index Funds
An index fund is a type of mutual fund that tracks the market index of pooled investments.
These index funds provide broad market exposure with low operating expense.
Some of these yield a whopping annual return of 10%-20%!
This type of investment can be short-term but is mainly used as a long-term strategy for building wealth.
Depending on the performance of the index fund, these yield passive earnings (dividends) as the market fluctuates.
Here are some tips to choosing the right index fund for you!
Be aware of the expense ratio. The lower this number is, the smaller the fee is. A low expense ratio would be 0.03% while a hefty one would be 1.00%+
Check the funds performance history. You should be investing in a fund with a great performance history, especially if you’re just starting out. The market is consistently going up and down but if a funds history shows it has a great track of continuously going up, then it’s sure to keep growing in value.
Choose a fund that invests in companies that you follow and are genuinely interested in. This thought process allows you to invest in companies comfortably and confidently. Don’t invest in a company you haven’t done your research on.
Index funds are a great way to earn small passive income that eventually snowballs over a long period of time.
#2. Open A High Yielding Savings or Money Market Account
Investing your money into a high yielding or money market accountwill bear money every month.
It will not fail you.
Instead of having your money collect dust in your personal savings account, move some of it to an account that will put your money to work and pay you an interest for holding it.
Here are some tips to how you can make the best out of this strategy:
Choose a bank that is FDIC insured. This protects your assets.
Look for banks with the highest paying interest to make the most of your hard earned money.
Deposit money every month. By depositing earnings every month, interest will accumulate on the deposits made, the initial deposit, and all interest earned! This creates a snowball effect by multiplying your money, also known as compound interest.
This passive income is guaranteed every month and is much more effective than a regular savings account.
This is one of those passive income ideas that require almost no effort at all.
#3. Rental Income
If you own property, you can establish passive income by renting it out.
Each bedroom you aren’t using can generate you passive income year-round!
Write a rental agreement that details the rent amount, due date, whether utilities are covered or not, and conditions of living space in order to set some ground rules clear.
Another great idea is to enlist property you own on Airbnb.
Airbnb is great especially if your property is near a popular tourist hot spot.
List all the awesome areas near your property to attract visitors year-round.
Consider renting out storage space in your home if you have the room for it.
Neighbor.com allows you to find people in your area looking to store their personal belongings.
This makes it easier for you to find prospects without the hassle of marketing your service online.
Renting your space is one of the more underrated strategies to earn passive income.
#4. REITS
A REIT is similar to an index fund and is another great way to earn passive income.
By investing in a REIT you invest specifically in real estate companies.
These funds have a higher dividend gain than most index funds and have better traction when the market isn’t performing at its best.
REITs own income-producing real estate such as offices, apartments, warehouses, hospitals, shopping center, hotels, etc…
The awesome thing about REITs is that you invest in real estate without involving credit, large amount of upfront cash, or closing deals yourself.
Similar to an index fund, you want to invest in companies that are high performers and have the biggest returns in history.
#5. YouTube Content
YouTube content has allowed many people to earn passive income through the use of placed advertisement in their videos.
Find a niche and grow an audience.
Meet the requirements to monetize your videos so you can start making money in your sleep.
This will require your time and dedication so write a plan and take action to see it through.
If you found this article to be of value be sure to give it a social share!
#6. Blogging
Start blogging today
Blogging, like YouTube can create passive income when monetized properly.
One of the most common ways blogs are monetized is through displayed advertisement.
Once your blog is monetized with ads, you will begin to earn passive income 24/7, especially if you have a rather large audience.
You can also earn passive income through affiliate programs.
Community, today I want to discuss some AMC stock news and updates. If you’re following me on Twitter, then you’ve seen me post this article a few times.
Bookmark this blog post because I’m going to be updating this article every time new AMC stock news is released! If you’re subscribed to the blog’s newsletter then you will be receiving an email notification or email from me once this article has been updated.
Welcome to Franknez.com – I want to give more to the community. So, here’s the latest AMC stock news for you.
Adam Aron Has His Eyes On Shiba Inu Coin (10/29)
Ladies and gentlemen, Adam Aron has done it again.
He took it to Twitter this morning asking the community whether they’d like to see Shiba Inu coin on the list of cryptocurrencies for online payment.
The CEO had created a poll on Twitter last month regarding the acceptance of Dogecoin (see below).
That poll showed around 77% of retail investors favored the decision.
The most recent poll on Shiba shows almost 90% of the community favors the decision of listing $SHIB.
TWITTER POLL #2: As you know, you can now purchase AMC gift cards using cryptocurrency, and our IT group is writing code so that soon we can accept online payments in Bitcoin, Ethereum, Litecoin and Dogecoin among others. Should we strive to take Shiba Inu too?
The cryptocurrency has made mainstream media headlines and has a strong community backing up its presence.
Skeptics of the cryptocurrency fear a diversion of the communities.
However, they fail to see that the SHIB community and AMC community are more alike than they think.
On the contrary, the introduction and acceptance of this community may very well play in each others favor.
How This Affects SHIB & AMC
Adam Aron is bringing more eyes to his company, to the stock, and to the community by making these type of moves.
He understands the importance of community and is accepting another massive community into his world.
The bullish news will serve both AMC and SHIB well, drawing attention to both the stock and crypto.
And if you don’t know where to buy Shiba Inu coin, you can buy it on Coinbase.
Leave your thoughts below in the comment section of the blog.
AMC To Accept Dogecoin Cryptocurrency (9/22)
Adam Aron, CEO of AMC Entertainment, created on poll on Twitter asking retail investors whether AMC should accept Dogecoin for online payment.
The poll received 140,000 votes with 77% of retail investors saying yes and only 23% saying no.
SO FASCINATING! Dogecoin Poll was by far my highest ever read tweet. In 24 hours, 4.2 million views, my most ever retweets, most ever replies. 140,000 votes 77% yes 23% no. It’s clear that you think AMC should accept Dogecoin. Now we need to figure out how to do that. Stay tuned! pic.twitter.com/tkClzgMBMO
Now it’s just a matter of AMC Entertainment making this form of online payment a reality.
Adam Aron has been an amazing CEO and has proven to be one of the first CEO’s in history to directly engage with its shareholders throughout social media.
Elon Musk even took it to liking Adam Aron’s tweet on Twitter showing his support on the innovation. Elon has been one of the biggest advocates for cryptocurrency with Dogecoin and Bitcoin being the two most popular choices.
What Cryptocurrencies Will AMC Be Accepting?
Aside from Dogecoin and Bitcoin, other form of cryptocurrencies AMC theaters will be accepting include: Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash.
This innovation is going to change our world. Cryptocurrency is making a bigger statement than ever before and it’s here to stay.
How it’s regulated or used in companies is something we will come to find out very soon. This bullish news should have retail investors excited for the future of cryptocurrency and AMC Entertainment stock.
Now, this particular piece you’re about to read is from one of my moderators on the Discord, AMC with FrankNez. I’ll leave the link to the group at the end of the article. Enjoy!
Written by: Erin Scott
APES! Huge news on the horizon for AMC.
If you’ve been in Frank’s AMC discord, you likely have seen me in there posting memes, or cracking wise, as I am the resident memelord and comedic relief in the server.
I have been doing some of my own DD, as you should too! Never take anyone’s word for it. Look for yourself apes, all the information is out there if you look hard enough, and boy howdy let me tell you.
I’ve found a few tasty breadcrumbs that could potentially be a trail leading to some major catalysts for an AMC runup. Now bear in mind, folks. I am not a financial advisor, and this is not financial advice. I am just a smoothbrained crayon eating ape investor who is hyped as all get-out and have a very strong bullish sentiment about the next few days in AMC.
As Frank says, let’s get started!
Adam Aron announces AMC theaters will be launching its first ever $25+ million NATIONAL ad campaign with starlet Nicole Kidman! Apes, this is huge! Adam is joining us to remind people that the theater experience is a time honored tradition in our country, that won’t be driven away by greedy hedge funds!
AMC Advertises
Discover where movies feel perfect and powerful. Get a sneak peek at the biggest advertising campaign any theatre chain has ever made, starring Academy Award winner Nicole Kidman. #AMCTheatres. We Make Movies Better. Learn more: https://t.co/G6TyJ3sElxpic.twitter.com/Y8lYRG2CHo
Aron has also been talking with Melissa Lee about never-been-done plans for AMC! Apes, could this be the AMC/GME team up that’s been speculated since AA confirmed he has reached out to GME’s Ryan Cohen??
As of the time of this writing, Melissa Lee hasn’t aired with the story yet, but I am sure Frank will update this article accordingly. Fam, imagine our favorite stocks joining with our community and taking the fight BACK to the shorts who would seek to rob us of our favorite entertainment!?
Furthermore, when doing a little digging, I came across this juicy choice chicken nugget dipped in spicy affirmation sauce! Confirmation of a SEC Investigation on shorted stocks baby! Right in section 5 of GME’s 10Q earning report filed with the SEC itself written in plain English on GameStop’s investor website.
And lastly, we have been bullish for days apes! We have a solid 45° uptrend, and a signal like this chums the waters for those big institutional investors! Something huge is coming our way apes, strap in and hang on, because I have a feeling we are about to take a ride to the next level!
I will keep this short and sweet but if you enjoyed this article, stop by in Frank’s discord and say hello! I’d love to hear from my fellow apes! STONKY KONG, OUT!
NSCC-005 Raises Margin Requirements (9/3)
The DTCC just released a filing approving the NSCC’s proposal to increase the minimum required fund deposit (margin requirements) for short sellers.
Short sellers were required to keep a minimum balance of $10,000 in their margin accounts until now. As of September 3rd, 2021, these accounts are require to keep a whopping $250,000 by law.
NSCC 2021 010 Effective on September 3rd
“On the morning of the effective date, members with a fund deposit below $250,000 will incur a deficit, that will require funding by 10AM EST”.
How Does This Affect AMC?
This doesn’t just affect AMC, this affects the entire market. Plays that are currently heavily shorted such as GME, SPRT, and BBIG for example, will all be affected.
Short sellers are getting a 2500% margin increase as of September 3rd, 2021. Community, this is massive. If short sellers cannot meet this requirement then their positions will be liquidated.
Your favorite stocks are about to start moving up through a series of gamma squeezes. These gamma squeezes could cause hedge funds to close out their positions resulting in multiple short squeezes from multiple heavily shorted stocks.
These series of gamma squeezes must not be confused with a short squeeze for any particular stock. These margin requirements will first eliminate the smaller short sellers.
Holding will be crucial if we are to squeeze the bigger short sellers from their positions. Massive things are right around the corner!
AMC Theatres On Demand
Whip Media just announced that AMC would be using their services for AMC Theatres On Demand.
AMC Theatres On Demand would offer more than 5,000 movies from every major studio and indie film distributors, available for purchase or rent.
“We’re thrilled to have partnered with AMC to power AMC Theatres on Demand for their millions of customers and provide an infrastructure that is efficient and scalable”, said Carol Hanley, president of Whip Media.
Keyword ‘Scalable’
Amazing news for AMC Entertainment indeed. This type of bullish news should push AMC stock further up since fundamentalists are still looking at AMC fundamentals.
The ape community understands that fundamentals are out the window when it comes to a short squeeze play. However, every step along the way counts.
Any business that goes online now goes from limitations to unlimited possibilities. While AMC Entertainment earns money the traditional way, through ticket sales and concession stands, they will now have the ability to earn revenue at scale through their online services.
AMC going online can easily raise its value to a 3-figure stock alone. It no longer depends on old traditional business methods. AMC has now configured a hybrid business model that will generate revenue even while movie theaters are closed after business hours.
This is certainly exciting news.
AMC Breaks Through $40
What an amazing day for the ape and retail community. AMC finally broke the $30 level of resistance and flew past $40.
AMC stock volume traded at a whopping 221 million! The average volume is approximately 169 million. Today’s momentum pushed through short sellers like a mob trampling shoppers at a black Friday sale.
AMC closed today (8.24) in the mid $40s. My August prediction came true, $30 share price levels are now a thing of the past.
August was the time to bulk up before momentum started taking over again. I predicted that these coming days would consist of AMC having an open runway of which we saw happen today (8.24).
Short Sellers Lose $800 Million
According to Ortex, short sellers amounted a whopping $800 million loss as AMC stock spiked up more than 20%. Short sellers betting against the stock can expect this pattern to occur in the coming days to weeks as AMC surges.
The opportunity to close positions in the $30 range are long gone. This is what happens when greed overpowers reasoning.
This last week in August could be pivotal. If shorts do not close their positions now, they will continue to suffer immense losses.
The BIGGEST Catalyst To A Short Squeeze
You know what the biggest catalyst to an AMC short squeeze is? It’s you. That’s right. You reading this.
The ape community is the biggest catalyst to this short squeeze trade. As long as retail investors continue to hold the stock, a short squeeze is inevitable.
Now, while we cannot control what whales (institutions) do, we can certainly control what we do. And that’s all that really matters during this play. Especially given the fact that retail investors own more than 80% of the free float.
Today we saw sells of up to $2.2M, and it barely affected the share price. This shows you just how strong we are as a community.
That’s 1/4 of their investment in the hedge fund. Citadel and partners plan to withdraw the money at the end of the third quarter. They made the investment in late January during the time Melvin Capital’s short positions were under attack by the heroes who saved both AMC Entertainment and GameStop.
The ape community saved two major companies in American history and are on a mission to squeeze shorts from their positions. Will Melvin Capital end up closing their doors? It’s certainly possible, especially if the hedge fund continues to lose money.
What Does This Mean?
We’re beginning to see that hedge funds short on AMC and GME stock are now resulting to desperate measures. They are scrapping money from their own pockets now.
See, retail investors liquidate their positions in other stocks to buy more AMC, to buy more GME stock. Ultimately to make more money right?
Hedge funds on the other hand are liquidating their stocks, and pulling their investments out from other institutions because they’re running out of money. They’re required to keep money above margin requirements.
Unfortunately for Melvin Capital, Citadel just left another hole in their sinking ship by pulling out a quarter billion dollars from the hedge fund. Melvin is already down about 43% this year with about $11 billion in assets remaining.
The retail community continues to buy and hold both AMC and GME stock. AMC stock is setup for another technical break above $40 which will only cause short sellers to trend negative on paper.
Hedge funds cannot afford to lose their clients investments this long. It’s been 8 months of nonstop losses for short sellers all year. Clients will be pulling money out.
It seems retail investors will not only be forcing short sellers to close their positions, but will also take down the hedge funds who planned to bankrupt America’s favorite companies.
Subscribe for more updates
If you enjoyed this short piece be sure to subscribe for more updates. I will be revising this piece as new AMC stock news comes up for the community.
Anything that has to do with our community winning against short sellers will be posted here. A lot is going on and has been going on.
I’ve recently come across some speculation that AMC is some sort of pump and dump that’s being promoted for a select few to benefit from.
And although mainstream media has been saying this for quite some time, have you ever really given it any thought?
I have to cover this because I want to protect you. Somebody has to ask the hard questions right? Is AMC a pump and dump?
Welcome to Franknez.com – information landed on my lap last night that led me to some deep digging and serious thought. Let’s identify what a pump and dump actually means.
Let’s get started!
How Did The AMC Movement Start?
The GameStop fiasco was going on for quite some time before it became mainstream. GME stock didn’t begin to move up until some time in late October and began to squeeze in late January.
It wasn’t until Redditors noticed AMC was also being heavily shorted early this year. A few of these retail investors were able to buy AMC stock before it gamma squeezed to $20+ per share.
One of the retail investors who was able to get in just days before the runup was Trey Collins from Trey’s Trades. I got in as the stock was coming down, I had not seen Trey’s content at this point.
It was during this time that Robinhood halted buying GameStop, AMC, Blackberry, and other heavily shorted stocks, and the scandal began.
Trey saw that AMC stock still had high short interest and a high utilization rate. These two data figures is what allowed us to build a strong conviction towards a higher share price.
High short interest meant shorts could potentially get squeezed out of their positions with enough momentum and buying pressure.
The data spread like wildfire.
People were excited about the data. Retail investors heard of what happened with GameStop and experienced FOMO to some degree knowing AMC could potentially have a similar runup.
Retail investors at this point are getting in for a short squeeze play.
AMC Retail Investors Get Ridiculed
The media was quick to ridicule average people buying stock. See, opportunity in the stock market in general is not meant to get passed down to the general public.
It’s a game that’s been hidden from ‘average people’ so to speak, to keep classes in line.
When Franknez.com went live on January 1st of 2020, my goal was to spread financial literacy, teach people how to begin investing in stocks, and to help people create a plan to build wealth.
My platform has always been a place for self-education.
When The Fool, MarketWatch, Benzinga, InvestorPlace, and other financial platforms began attacking the community, I couldn’t bear to see people get pushed around.
If you’ve heard my story before, I didn’t want to write about AMC on my blog. But something told me that this platform was created for the purpose of harnessing information that could change the lives of people.
So, I took it upon myself to stand up for the community and publicly share the information that Trey and other TA analysts were discovering. Before I knew it, we were fighting corruption and our goal has been to make real change in the markets happen.
Only then will we see proper price action in AMC and GME stock.
What Is A Pump And Dump?
A pump and dump is where a group of investors promote a specific stock to pump its price up through buying pressure and then selling off during high runups. Pump and dumps are usually orchestrated from the get-go and die off rather quickly.
Here’s the definition from Investopedia:
“Pump-and-dump is a manipulative scheme that attempts to boost the price of a stock or security through fake recommendations. These recommendations are based on false, misleading, or greatly exaggerated statements. The perpetrators of a pump-and-dump scheme already have an established position in the company’s stock and will sell their positions after the hype has led to a higher share price.” – Investopedia
How Do We Compare This To AMC?
How can we use this information to separate what’s occurring with AMC and what an actual pump and dump means?
Retail investors have been spreading knowledge, not recommendations. Real apes, people – not bots.
The information provided has not been false or misleading. High short interest, high utilization rate, naked shorting, dark pool trading, it’s all real. These are all facts provided by software that tracks this data in the markets. No one is making this up and mainstream media has finally shed light on this real problem.
The AMC community has not sold their stock, even during the highs. Selloffs from institutions combined with short laddering explains why AMC’s stock price has been going down after spikes. That is something our community ultimately has no control over.
See, the media portraying AMC to be a pump and dump fails to touch topic on the high short interest rate. They fail to present the manipulation suppressing the stock’s price.
It’s for this reason why I’m breaking this down today. When people looking for opportunity ‘Google’ whether AMC is a pump and dump, I don’t want The Fool to mislead people or scare them from their money.
How about let’s put everything on the table and let the public decide based on the information provided. Maybe they don’t want to put an effort or join a cause fighting for a fair market. Perhaps it’s too much for them.
But at least fair information and facts would have been provided. Community leaders are not trying to convince people to buy the stock. Anyone who bought AMC months back when we published the data is up more than 1000% in gains.
That is a choice retail investors made based on the information that was provided. That same information is why we continue to hold the stock. What’s limiting the data at hand is the increased manipulation in the market.
The AMC Community Demands A Fair Market
The reality is very few retail investors are facing losses in AMC and seasoned investors in the community continue to hold the stock.
Why are we holding the stock? Because it’s being suppressed by hedge funds and market makers who get to mold the rules to their benefit.
We’re seeking regulations from the SEC that will prevent short sellers from creating counterfeit shares and stop dark pool trading once and for all.
Once these unethical strategies are eliminated, retail investors will begin to experience the bigger fruit of their trade. AMC should runup as transactions are no longer masked through dark pools.
This is a serious matter that financial platforms nor hedge funds have addressed. However, the community has made enough noise to get CNBC’s Melissa Lee and FOX Business’s Charles Payne to publicly touch base on this very real matter.
The AMC community has been a beacon for change in the markets. Financial institutions are going to realize very soon just how much they have underestimated each and every one of us.
So, Is AMC A Pump And Dump?
AMC is the reason why a new era will be replacing its current leaders. AMC is not a pump and dump, it’s a beacon for change and a fair market.
I’m going to be the first to say you don’t have to own any AMC stock to fight against corruption within our community.
Owning AMC stock is a bonus. We have the knowledge and data to stick to our convictions and make a life-changing play for ourselves and our families, if we want. We don’t need anyone’s validation anymore.
Buying AMC stock is a ticket to the moon, there’s no doubt about that. However, fighting for a fair market will be the community’s legacy.
A chance at a fair market will increase our probability of squeezing shorts from their positions. The weight of the wait would have been worth it.
Whether you decide to buy, hold, or sell your stock, don’t stop fighting for the community. But remember, diamonds are created under pressure. Your voice is a weapon, use it.
