ok, my young friend LISTEN CLOSELY ok
some of this is not going to sound nice... ok
but, it's not rudeness... TAKE IT AS GOOD ADVICE
this is great, i am also an Engineer, i can appreciate this.
this is awesome
i am also a business owner of 17 years.
now THIS.... hehe
and the CHAIRMAN OF THE BUSINESS CLUB
cherry.... DO YOU BELONG TO THE BUINESS CLUB
Mate... you are so green it's not funny, Actually it is... but , you know what i'm saying.
NOW.. DON'T TAKE THIS PERSONALLY , i'm just trying to illustrate that there was no need to say you are the chairman.... BY THE WAY..... Really ? The Chairman
You're not running a fortune 500 company of which you are presiding over meetings , YOU ARE AT SCHOOL
Now, this is the part where i was saying DON'T TAKE IT PERSONALLY OK
I REALLY TRULY AM GOING TO GIVE YOU GOOD ADVICE HERE
and the first bit is ... if you want people to take you seriously... don't tell them you are the chairman of a school business club
i was in the Technical Drawing club when i was at school... NO ONE CARES simple as that
I'm the owner of my own company.... NO ONE CARES MATE.. simple as that
i can say I'M THE DIRECTOR of the company... NO ONE CARES
what they do care about is.......... RESULTS
get a person results and you'll get respect
saying you're a chairman of a school club Will get you laughed at .. ok
let's move forward, because you do have potentional ok and i'm going to tell you what you need to do .
i never did,
Economics bored the crap out of me and my teacher was a [you know what, ]
however i had a passion for Science and chem and Physics and math to a degree
i love pulling things apart and learning how stuff works
FOLLOW YOUR PASSIONS MATE, if you have a passion for something, don't worry to much about money, worry about getting really bloody good at your passion,
money will come with getting good... ok.. trust me on that
this is good
you are already ahead of most newbies and clearly you are not stupid and you do calculate things and test things... VERY GOOD WORK MATE
TRANSLATION : I wanna leave home and my parents are boring the crap out of me but i want to sound professional on babypips hehe
mate, let there be no BS here ok
What happens on babypips stays on babypips
NOW .. seriously though
HERE IS THE THING (i'm 45, let me give you some very very very good advice)
don't be in a rush to leave home
to it properly and don't just leave for the sake of freedom.....
DO IT LIKE THIS
here is the trap of life....
When you are young like you are, you leave home, you crave to be independent , and you go find somewhere to rent then YOU GET BILLS
you don't realize what you are doing
but.... YOU ARE STARTING THE MONTHLY CYCLE
it will probably take you around 20 years to conceive the idea that you made a mistake
but, by that time you'll be in a great deal of debt
and it'll take another 10-20 years to get out of that debt ASSUMING YOU CAN , Most people never do.
LET ME SAVE YOU 30 YEARS OF PAIN... ok
- sit down with a spreadsheet and figure out (talk to your parents if you don't know how much) but figure what LIFE WILL COST YOU FOR 1 YEAR
let me get you started
factor in these things
Security Deposit / bond (it will be around 4 weeks worth of rent approx)
Fixed line phone bill
Mobile phone bill
Electricity or Gas bill
Travelling expenses to and from work and on weekends for yourself
Shopping (food and groceries)
Shopping (Clothes and shoes and things you don't buy so frequently)
going out (Movies, Taking Chicks out, Restraurants, having fun with mates.. whatever)
Furniture ( you will need to initially BUY THE FOLLOWING or someone gives it to you)
Wardrobe, Bed, Mattress, Sheets, Quilt cover or blanket, Pillows , Dining table, Coffee table if you can afford it, Chairs, Bed side table,Carpet if you don't have it , Stove, Microwave, Fridge, around 2 Coffee cups, approx 5 forks, 5 spoons, 5 knives, 5 teaspoons, some pots and pans and cooking utensils, food processor, plates, bowls, a small tv (or large if you can afford it), dvd player (so you don't go nuts) or a playstation will do ,
GET THE IDEA....
this is not a complete list, BUT MAKE A COMPLETE LIST OF EVERYTHING... and i mean everything.. ok
now. after you have this entire list of basically... LIVING EXPENSES.. BILLS , RENT...
add another $5,000 to the list , call it MISCELLANEOUS EXPENSES.. because, things happen in life,that you don't forsee and you have to pay for that as well, NO EXCUSES
so you'll get to around a figure of around $50,000 - $80,000 i assume
if it's lower.. great
now HERE IS WHAT YOU NEED TO DO
SAVE THAT AMOUNT WHILE YOU ARE LIVING AT HOME
- Put up with your parents for around a year or so .. ok
trust me.. SAVE IT UP
now, when you have it
PAY ALL YOUR BILLS ON THE FIRST DAY , UPFRONT FOR 1 YEAR
if you do this.. YOU ARE FINANCIALLY FREE RIGHT OFF THE BAT (not many people can say that , mate)
if you start like this, YOU CAN'T GET INTO DEBT
now YOU NEED TO MAINTAIN THAT STATUS
so let's say the figure for the following year (after you have furniture and all that) is like $50,000 for arguments sake (i'm basiing this on AUSTRALIAN PRICES BY THE WAY )
so then you just need to ensure that you earn $50k a year or more
IF YOU DO THAT, YOU WILL STAY PAID UPFRONT AND FINANCIALLY FREE FOR 1 YEAR ALWAYS,
Most people can't say that
at the end of every year, YOU PAY FOR THE NEXT YEAR UPFRONT AGAIN
and rinse and repeat
you see, IF YOU ACCOUNT FOR ABSOLUTELY EVERYTHING
YOU HAVE NO CHOICE BUT TO SAVE
you can't do anything else
if you find that you can .. IT MEANS YOU DID NOT INCLUDE EVERYTHING
so when you include everything, you have no choice but to put every cent that you earn aside for the next year
now. if you earn say $70,000 but your yearly expense is $50k
in 3 years time, you will be 2 years upfront and not 1 SEE HOW THAT WORKS
and in 6 years times you will be 3 years upfront
MATE, YOUR LIFE IS PREPAID ... YOU'RE SET
do whatever you want in life
THIS IS FINANCIAL FREEDOM AND BEING CASHFLOW POSITIVE
this is what you want to achieve
DO NOT LIVE LIFE ON A MONTHLY SUBSCRIPTION BASIS
LIVE IT ON YOUR TERMS, not on the terms of the companies
THE COMPANIES WANT YOU TO PAY MONTH BY MONTH BECAUSE THEY KNOW YOU CANNOT SUSTAIN THIS LIFESTYLE
because as soon as something happens (and it will) you will be in debt to recover from it
you will have no choice but to fall for Credit Card commercials .. DON'T DO THAT ok
and don't get a mortgage
so ARE WE CLEAR ON THIS
THIS IS YOUR PLAN BEFORE YOU LEAVE HOME
THEN... WHEN YOU DO
YOU ARE TRULY INDEPENDENT AND FINANCIALLY FREE
how does that bloody feel...huh
Pretty firetruckin good.... huh
SO.. ACHIEVE THAT MY YOUNG FRIEND AND YOU CAN THANK ME LATER.
so to recap....
that means SAVE THAT AMOUNT OF MONEY IN 1 YEAR then leave home
Point 1.. DON'T HOPE... Hoping is BS........... do it
Point 2. if you want to start your own BUSINESS, learn to spell BUSINESS otherwise other business owners will laugh at you and won't take you seriously... ok
don't give me any spelling police crap on this.. ok... i'm helping you to be a professional.
so... Learn from it... learn how to spell it and be on your way... simple
Point 3. Work for an employer for 1 - 2 years and in that time trade so that you can make approx $100 per day, it's not that hard.
also working for someone for around 2 years BUT NOT MORE will give you an appreciation of what YOU DO NOT WANT TO GO BACK TO.. ok
you will hear people whinge about how much their jobs sucks, it's because they are stuck in a system they don't know how to escape
now.. i work hard.. i really do
but , I LOVE MY JOB MATE.. i really do
it's not work.. IT'S FUN and i get paid very well for it.. ok
this is why i'll never stop doing it,
doing a job that you absolutely hate, can seriously cause you mental stress and cause depression to a degree and THAT DEPRESSION can cause you to never have the will to get ahead
REMEMBER, YOUR BOSS DOES NOT WANT YOU TO SUCCEED, BECAUSE HE IS LEVERAGING YOUR TIME AND MONEY
IF YOU LEAVE HE LOSES INCOME. he wants you to be a sheep in his company and he wants you to be satisfied with a crap pay
that's how it works
and if you complain.. he says to you "mate, i'm paying everyone else the same, do you think you are better"
don't say it to him, because he'll give you the sack,
but, YOUR ANSWER SHOULD BE.........HELL YES I'M BETTER
Sheep will always be sheep mate
and you can't change it
and while you are there, don't go on about being financially free or that you are a trader... just shut up , do your job and focus on your goal
because , most people there cannot be saved
secondly.. if your boss hears what you are telling other people , YOU ARE THREATENING HIS BUSINESS INCOME
he will sack you quick smart
Free thinkers are not a good thing in business as employees,
people with ideas are great
people who know how to get ahead ARE KILLERS OF BUSINESSES. so keep quiet.. ok
i'm telling you this as a business owner of many years...
let's move on...
sounds like you need more practice
you need to show that you can consistantly be profitable for a min period of 6 months to achieve that goal of $100 a day consistantly , but average it out on a monthly basis ok
mate, you've shown a good degree of intelligence so far... OK
don't ask questions like this
Newbies ask questions like this
the answer is FIND OUT FOR YOURSELF IF IT'S POSSIBLE
Mate, i have a good degree of hope for you ... ok.. i really do
but when you say
IS THIS POSSIBLE
HOW DO I DO IT
mate, it's like , you may as well have not written anything above and you may as well remain the chairman of the business club forever... ok
simple as that
YES, IT'S POSSIBLE
NOW.. GO AWAY AND FIGURE OUT HOW TO DO IT
you know economics and maths... right
WORK IT OUT MATE... simple as that.
test things.. research,,, don't give up.. ok mate.
i've already answered this
but... also... TELL YOUR PARENTS YOUR PLAN
trust me they will love you for it
and they'll help you
and they'll give you furniture and stuff so it'll bring the initial cost down of the first year dramatically
work out 2 years
so the first year will not be a normal year, because you are starting up
the 2nd year should be pretty typical of every year thereafter
NOW.. IN LIFE THINGS CHANGE
so... make a plan of how you will adjust the plan if need be
but, honestly, after the first 2 years of financial freedom, IT WON'T MATTER ANYWAY, you'll just have enough money
but do plan for it. ok
why do you need one ? is a better question... do you need one.
maybe look to the institutional traders her for accurate advice on this one , i'm not institutional
but i don't see why you need one if you can trade successfully
why are striving to work for someone anyway... WORK FOR YOUSELF
which brings us to the next point..
mate... Your salary is WHATEVER YOU WANT IT TO BE.. if you run your own business and put the effort in
your job, WHATEVER YOU WANT IT TO BE
why don't you manage the accounts of others and find out who to get a financial licence in your area
you could start there
talk to other financial advisors (WHO OWN AND RUN THE FIRM) not the employees
and get advice like this.
as an engineer.. i can tell you this
YES and NO
YES, because of LOGICAL THINKING
NO. because that train of logical thinking is designed for the engineering field
now... you can adapt that logic thinking to forex, but THIS TAKES PRACTICE AND PATIENCE
if you want to be an engineer, that's one thing
but do not do an engineering degree to be successful at forex
also an Engineering degree does not make you an engineer.. ok real engineers know this.
and Uni is not all that it's cracked up to be on the whole .
also OPEN YOUR OWN DOORS... kick them open.
CLEARLY YOU DON'T KNOW WHO I AM, Or who you are dealing with hehe
mine is longer, don't mess with me mate..
of course you do .. YOU'RE YOUNG that's what being young is about
FEEL FREE MATE, ASK AWAY anything you like .
it's smarter to ask a thousand questions before leaving home than to leave home and find out what you SHOULD HAVE KNOWN BEFORE YOU LEFT.. trust me.
ummm, NOT EXACTLY
Most people here don't know how to trade
a few of us do
my advice, take everyone's advice, but CONSIDER IT AND TEST IT'S VIABILITY ok
don't just trust it
Not even mine
Except for the leaving home thing and getting that money .. OK.. BANK ON THAT
if i could go back to around 1990 or thereabout , mate i would have followed my advice... 100%
times like this i wish i had a time machine
could have saved myself around 25 years of headaches
but other than that
test everything that someone says.
Your'e very welcome mate
hope you didn't take the breakfast club thing personally
as for the rest, i hope you take it on board
i wish you well in life my young friend
if you have any questions ask
i have a Shyte load of knowledge if you want to hear it
SEE, MY POST IS LONGER... HEHE
now watch... People are going to come here and complain about the post
see what i do for you mate