SIMPLE FINANCIAL KNOWLEDGE.

I teach Financial Literacy that no one will tell you, that has left a lot of people broke and penniless, some begin to wonder if its ill luck or the so-called village people!

This is something a Simple financial knowledge/Literacy can correct!

Before you Venture into trading, Make sure these things are sorted 👇🏿👇🏿👇🏿

1.Capital: to multiple your income or earning.

2. Savings: remember it will not be sunny the whole year, rainy days and harmattan days comes too.

3. Cash at hand:
just in case of emergency, feeding and the likes.

This safe guides you just incase the Market takes you out, you would know these things are secured so you avoid running helter-skelter.

Now,
Before you buy anything such as CARS, PHONES make sure you have these things sorted:


1. Make sure you have your rent for a year sorted. (if you don't live in your own home)

2. make sure You've your feeding money 6months advance.

3. Make sure you get Your Capital in place.

Then you can Buy whatever you want to Buy!

Knowing fully well your basic needs have been sorted and you have money to pump into your trading  👍

I hope this helps someone out there 🙏

Comments

Post a Comment

Most Read

ACCOUNTABILITY IN TRADING

Image
Use Accountability to Stay Motivated whilst trading. There is a strong connection between goals and motivation.  Goal setting guides a person in achieving their desired outcomes, while motivation provides the psychological inspiration needed to take action.  You are more likely to take consistent action if you have a true sense of purpose while you work to achieve a goal whether in Trading Or anything else. Your motivation gives you that sense of purpose. Motivation is essential because it sparks both the physical and mental stimulation necessary to achieve your goals.  If your goals are motivating, you feel energized enough to stay committed, work hard and perform tasks in an efficient manner.   Why Do People Feel Unmotivated?   It’s surprising how often we feel unmotivated to do a specific activity—even if we know it’s directly related to an important goal.  There are a few possible reasons why you often get this feeling with a task:    It doesn...
Continue Reading

TRADING PLAN 01

I. Review your trading goals: Review your trading goals on a regular basis. The bare minimum should be once per week, but I actually recommend looking at them first thing in the morning and a couple more times throughout the day.   Consistently reading your goals acts a reminder for why you need to complete certain tasks and how they’re tied into your long-term plans. ( If you intend to become a Professional trader). Develop the habit of creating project lists for every goal.( example : when is the right time to enter a trade, right time to exist as well). List each action in the correct order and be sure to include any daily habits that are required. Set aside time in the first part of the day for the habit and then schedule other blocks of time to work on specific one-time tasks. Other people can help during the times when you’re not feeling motivated. Find others who share a similar interest and meetup on a regular basis. Talk about the challenges you face and ask for their a...
Continue Reading

As a trader do a Goal Evaluation Every Three Months

As a trader do a Goal Evaluation Every Three Months.You work hard on your goals every day.  You even review them on a weekly and daily basis. The problem? Some people never take a step back and understand the “why” behind each goal.  In other words, people don’t review their goals to see if they’re actually worth pursuing/Doing.  That’s why it’s important to have a goal evaluation every three months.   What’s the point of a three-month evaluation?  it helps you measure the progression of your long-term Goal. Then you’ll take a look at how your daily actions match your expectations.  And finally you end with an action plan for the next three months.   You can complete a three-month evaluation by asking a few simple questions to yourself: Have I attained the desired outcome from my daily/weekly trading goals ? What were the successful and unsuccessful strategies/tools?   Did I put 100 percent of my effort toward completing these goals? If not, why? ...
Continue Reading