Trade Your Way to Financial Freedom (BUSINESS BOOKS)

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I got so excited by seeing the numbers change that I worked harder to make more money to see a bigger change in my personal finances. Would I have achieved my goal of financial freedom if I hadn’t tied the goal to something emotional? Probably not. I was desperate to get out of debt and move out of my parent’s house. That desperation kept me motivated throughout my journey.

Trade Your Way to Financial Freedom - Van Tharp - Google Books

If it’s a big number, don’t freak out, I promise I’ll share some ways to pay that down later in this article. If it’s a small number, congratulations! Feel free to share your financial freedom tips in the comments below. The structured and organized approach to system development is the first step and it is really a necessary one. It is hard to call this book excellent overall, but it can be very useful to the Forex traders and especially to the newbie traders. Here is the list of some of the book's advantages:

Okay, so at this point, you’re probably thinking, “My debt is a lot more than my salary, how can I pay it off if I don’t make enough?” Van Tharp does a more than adequate job explaining expectancy and drawdowns in a way that makes you realize that bad things can happen to you if you ignore this facet of trading. The Holy Grail system is possible, but traders should seek the Holy Grail in themselves, as the good trading system should fit the personality of the trader.

Trade Your Way to Financial Freedom - Booktopia Trade Your Way to Financial Freedom - Booktopia

Great book on investing/trading. While most investing books talk about their Entry methods, this book states Entry is the least important part of successful trading. The author stresses the importance of reducing risk, evaluating risk to reward (expectancy) and most importantly position sizing. Keep these numbers in mind as we work through the next few financial freedom tips. 2. Look at Money Positively

If you trade your time for money, you’re limited by the hours of the day. Here are a few side jobs you can do to earn an active income:

Trade Your Way to Financial Freedom by Van Tharp - Waterstones

Do you want to get rid of debt for good? Are you desperate to escape the 9-to-5 grind? Is there a place you’ve always wanted to travel to? Do you need to save for a wedding, kids, or retirement? You’ve probably heard the expression “pay yourself first” before. But in case you haven’t, “pay yourself first” means putting a specific amount of money in your savings account before paying anything else, such as bills. And the act of paying yourself first has helped countless people inch closer to achieving financial freedom. After using Mint for one month, I managed to save some extra money towards my new wedding fund goal. Mint helped me stay focused on my goal and pushed me towards creating more passive income to hit my financial milestones. 5. Pay Yourself First It’s date night. You want to make it unforgettable. Find a cool activity you’ve never done before on Groupon for a fraction of the price. Maybe you have a friend you love working out with. Invite her over to workout to a YouTube playlist at home for free.Poor money management can destroy your account even with a perfect entry & exit plan, while good money management can make a rather poor entry system yield profit. There are two main methods of paying off debt: snowball and avalanche. Snowball is when you pay off the smallest debt first. Avalanche is when you pay off the debt with the highest interest rate. Over risking and over-leveraging your trading account is a common theme in this business resulting in over 70% of new Traders blowing their trading account.

Trade Your Way To Financial Freedom PDF | PDF | Investing Trade Your Way To Financial Freedom PDF | PDF | Investing

According to You Are a Badass at Making Money by Jen Sincero , people who don’t make a lot of money often feel shame when it comes to making money. And so the biggest obstacle that many people experience when it comes to making money is that they feel like having money is bad. Many feel guilty for having it and guiltier for wanting it. Sincero has said about money, “ We use it everyday to enhance our lives, yet we always seem to focus on the negative about it. ” The difference between the two super successful gentlemen? Buffet didn’t spend more than he needed to, and West spends money he doesn’t have. While paying someone else isn’t as glamorous as having money in the bank, it does bring you closer to financial freedom. The bestselling holy grail of trading information-now brought completely up to date to give traders an edge in the marketplace I learned from this book how important are exits on a trading system (something I wasn't even considering when I was trading).

Financial freedom is about taking ownership of your finances. You have a dependable cashflow that allows you to live the life you want. You aren’t worrying about how you’ll pay your bills or sudden expenses. And you aren’t burdened with a pile of debt. There are other reasons to read this book but those were the big ones to me. It's really been very hard for me to find explanations of expectancy. And, even after reading this book, I've got more reading to do on that subject. Now, you can look at your sources of income in two ways: active income (trading time for money) or passive income (money that can keep coming in, even while you sleep).