VIDEO: Turning Trading Profits Into Wealth - Part 2 — the mechanics
Office Hours Recap · The Permanent Millionaire
Turning Trading Profits Into Wealth — the mechanics
Tony Battista is back home — and the two Tony’s were in full form for Part 2 of our free wealth-building series. Last week we laid the foundation (the millionaire mindset). This week we opened the hood and got into the mechanics — how money actually flows, what’s truly an asset, and the exact plan to turn trading profits into lasting wealth.
If you were there, this is your cheat sheet. If you missed it, here’s everything we covered — and the link to watch the whole thing.
👉 Watch the full replay
What we covered
It starts in your mind. Money is a mindset before it’s a number: your mind → thoughts → actions → habits, and your habits are what make you wealthy. Only about 1% of millionaires control half the world’s wealth — and they think differently. That’s the whole goal of this series: to change how you think.
The Wealth Wheel (not just the trading wheel). Every trader knows the wheel — sell a put, get assigned, sell a call. But the wealth wheel is bigger: earn income → save a slice → buy income-producing assets → use that income to buy more assets → repeat, forever. Do it long enough and you become financially free.
The three levers of wealth:
Your income — grow it through skills, education, and career (that’s what career-optimization is all about).
Your lifestyle — how much you spend. There’s a floor to how much you can cut (happy wife, happy life), but every dollar not spent can go to work.
Your rate of return — the Rule of 72 says 7.2% doubles your money every ~10 years. At Grow Your Pile we aim for ~15% — doubling every 5 years, God willing.
Pay yourself first — and the “speed of money.” Money in your checking account disappears (you spend it, or the kids do, or the dog does). So take savings off the top the moment income arrives — like the government does with your taxes. Then convert those savings into assets as fast as you can. The faster the conversion, the faster you’re free.
Income vs. Expenses — keep it brutally simple. Income is everything that comes into your pocket. Expenses are everything that leaves — no gray area, no kidding yourself. Most people have one income line (a salary) and twenty expense lines. Our whole job is to add more lines to the income side.
The three types of income: earned (you work for it), passive (you don’t), and portfolio (your investments). The rich quietly move money out of the first bucket and into the other two. Most people move it straight into the spending bucket instead.
Focus on the $30,000 decisions. You only make 3 to 10 truly big money decisions a year — where you live, what you drive, your investing rate, how much you put in your 401(k) / Roth / trading account. Nail those, and you can stop feeling guilty about the coffee. Take care of the big ones, and you can splurge on the little ones.
Assets vs. Liabilities — the definition that separates rich from poor. An asset puts money IN your pocket without you working; a liability takes money OUT, every month. Your house? A liability — the mortgage (and taxes, insurance, upkeep) takes money out. The rich buy assets. The poor buy liabilities. And the middle class buys liabilities — the second home, the luxury car, the Rolex — thinking they’re assets, because marketing is designed to fool them. Buy assets, kill liabilities, and think in numbers, not stories.
Every dollar is an employee. Put each one to work generating income — dividend stocks, rental real estate, bonds, or collateral in your trading account to sell more puts. As a trader, Tony R even places a trade to pay for a liability (like his upcoming 30th-anniversary trip to Europe) — always have something that kills another thing.
Return OF capital vs. return ON capital. Tony B’s dad said it best: “I don’t care about the return ON my money — I want the return OF my money.” We’ve all traded just to get our money back. The wealthy build positions where the money keeps coming back.
…and plenty more — the freedom number, cash flow vs. net worth, and how to put it all into a simple plan.
The lines worth remembering
“Money is mind. Money are thoughts. Thoughts are habits. Habits make you wealthy.”
“Wealth is a system.”
“Take care of the big decisions, and you can splurge on the little ones.”
And, of course — “You gotta risk it to get the biscuit.” 🍪
Next week: Part 3 (for our members) 🔒
Part 1 was the mindset. Part 2 was the mechanics. Part 3 is where it gets real for traders — how to apply your trading mechanics, your process, and your automation to actually build wealth. It’s our tightest, deepest session yet. If you want to be in the room for it, join Grow Your Pile.
Until then — re-watch Part 1 and 2, put it to work, and teach it to your family. Be the pillar of your home.
— Tony Battista & Tony Rihan Grow Your Pile · Real Money. Real System. Real Freedom.