The first step to any form of planning is to determine your objectives and to set your goals. Although it's the easiest to do, most people do not do it. So, in this case, please take a piece of paper and write down your financial objectives and goals.
Although it's the easiest to do, most people do not do it.
So, in this case, please take a piece of paper and write down your financial objectives and goals.
Keep it sweet and simple.
And constantly refer back to remind yourself of the goals that you have set.
Trust me - you will forget your objectives and sway off course if you do not have your goals documented.
Decide on what you would like to achieve financially; develop a plan to achieve it; stick to it to make sure that you stay on track with your objectives.
Put your mind, soul, and determination to achieving these goals and you will arrive in time.
Your goals should contain:
For starting capital, it's best to only use risk capital because when you are using your live savings to achieve this, you would normally be too fearful to lose, that is when you make emotional, instead of rational, decisions.
As we know, in any business, emotional decisions will, most of the time, turn to bad decisions.
We are talking about your financial future - so please make only rational decisions - consider all possibilities when things don't go your way.
Now that we have decided on your goals and your starting capital to achieve these objectives, we are now ready for Step 2 - Achieving Financial Freedom.
7 Simple Steps to Financial Freedom and Wealth Building - Step 5
Today, we move forward to understanding the business of Options Trading. Just like when we get into any new business, we have to equip ourselves with knowledge of the business. Many amateur traders pay the ultimate price by “messing” with their hard earned risk capital and end up losing all their money.
Generate Consistent Stock Market Profit Through Credit Spread Writing
Many traders and investors dream about making consistent profit on the stock market. Typically, investors would turn to fundamental analysis for medium to long term capital gains while traders would try to time the market using technical analysis to spot reversals or advantageous entry point and exit with the first sign of trouble.
7 Simples Steps to Financial Freedom and Wealth Building - Step 3
Using the stock market for financial gain can result in financial freedom or financial ruin. Without even putting much thought, this is one vehicle that has created more millionaires – multi millionaires - than any other form of investments but has also created more bankrupts than all other investment choices.
