How to feel richer as you age

With rising costs and increased learning needs, financing our children's education is no longer a simple walk in the park. Discuss with other parents about how they are managing their finances to cope with their expenses.

How to feel richer as you age

Postby leapfrogworks » Fri May 09, 2014 4:43 pm

I have always been a prudent investor myself.
Recently many of my friends and colleagues asked me whether to do this investment or that investment; how will the economy be doing and how well the stocks are... how about the currency you trade? etc etc..

My advice here for all is to NEVER get into something you have zero knowledge in. Even if you want to or feel like to, make sure you do proper homework before jumping into any pools. (Some are speculator traps, others are like outdated news or trap bubbles...)
Also, there are hundreds of online advertisements which will lure you into believing you can be just like them (Trading courses, forex trading lessons, sure-win index traders... etc), and the question comes down to this - are you able to be like them?(So-called 100% win-traders)

In trading prospective, it comprises of knowledge, market news, a little luck? and great input of individual's perspective.
So how do you 'TEACH' perspective and 'methods' as claimed. To me it is impossible to do so in less than just a handful number of lessons or a limited period of sharing mentorships from the 'schools'.
In my opinion paying for lesson for some lousy teacher who gives classes for a few times won't get you far. (Mind you these classes costs up to thousands of dollars.)
It is through personal homework that do your best investment directions.
Take it this way, if I am really earning that much through trading, why the heck do I want to share? More people sharing profit in the market will equate to lower share of income. Furthermore I have always suspect why these speakers only shows the amount they win from the trades and not the ones they lost? (I admit that I attended some, however it always probe me into thinking if they can earn that amount, why can't they lose that amount). Somehow my curiousity always save me from such scams and eventual waste of resources; time and money.
Lastly, don't be a follower, speculator, tail-chaser or whatever you know what I'm trying to express, start doing homeworks to invest in the right channels and make sure you save up just enough for the coming storm. (For bad times, prepare for good times. Vice versa)
Saving up is the best way to feel richer as you age =)

leapfrogworks
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Re: How to feel richer as you age

Postby chiaki » Fri Jun 05, 2015 6:51 am

Agreed.
Any talk and course that say 100% sure win strategy, better run fast fast away
There is no such things as 100%!!
And anyone that say after attending their 2,3 days course, you will become superman, please run away too.

I come to the conclusion that such trading is really a skill that you acquired over time from experience, knowledge, hardwork etc.
No short cut about it

If you want to earn money from it, you need to put it the hard work to learn, analyse, monitor etc

If just close eye and trade and want to earn $, it is not much different from wanting to earn $ from casino.

chiaki
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Re: How to feel richer as you age

Postby TheAnswer » Fri Jun 05, 2015 8:09 am

Following

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Re: How to feel richer as you age

Postby turtlexpress » Tue Jun 16, 2015 5:58 am

One will really need to understand the product before you buy.

Companies are setup to earn money and I cannot blame them. If you set up a company, I believe your main objective is to earn money and to provide a better life to your family?

There are all sorts of plans in the market so study them carefully before you jump into it.

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Re: How to feel richer as you age

Postby birthmummy » Wed Jun 17, 2015 9:30 pm

agree. there are so many get rich and be rich through all these programs etc. I have personally went for afew and all end up MLM instead. Anyone of you at mlm that is really earning money? I wont mind if the cost is low and by sharing it with a clear conscious. But however, i am really tired of knowing how those MLM are making us poorer. =(

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Re: How to feel richer as you age

Postby scang » Thu Jun 18, 2015 1:55 am

As long as you are able to create, build and form the relationship and network, then you have a decent chance of earning. Anything less than that, will make you poorer.

So it has a ratio of 90/10, 90% lose, 10% win as it is based on leverage.

scang
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Re: How to feel richer as you age

Postby dolphinsiah » Fri Jun 19, 2015 10:06 am

Image

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