Friday, September 27, 2019

Defeating being BROKE for Good.

The great Albert Einstein is credited as once saying “Compound interest is the eighth wonder of the world. He who understands it earns it … he who doesn’t … pays it.”  While I do not know who actually made this statement; it is widely debated;  I have come to understand that the statement itself is 100% correct.  And I had definitely fallen into the paying side.

A while back, I started using a homemade Excel worksheet to track our monthly expenses.  Something stuck out like a sore thumb.  I would enter the balance on my credit cards; enter the payment I made, and have the amount automatically subtract from the balance due.  Supposedly I was keeping track of my debt in Real-Time.  What I did not have in that calculation was the interest rate on the balances I carried.  Each month I was rudely reminded the balance I actually owed was more than what I showed on my simple worksheet.  Each month I begrudgingly adjusted my amount due UP to agree with the account statements provided.  When we get into high-interest debt, we are now fighting against the inevitable force of compounding interest.

Why fight up a hill when you can instead run down it?  While everybody might know that high-interest is terrible, only a few people decide to do something about it. And to K-I-R-R ("KEEP it REAL and Righteous" ~Pastor. Gea. Anderson), it’s why BROKE PEOPLE are BROKE and RICH people are RICH.

Real fortunes are not made overnight, and nobody goes broke in one night either. That’s why lottery winners who never learned to manage money properly end up broke in just a short time.  (Guess that's why I never win...OH, SNAP... You have to play to win...)

It’s the habits that you live with, which define your wealth. If your spending habits cause you to fight against interest, you’re going to fight that fight the rest of your life. However, if your habits create interest for you, then just sit back and relax and let compounding interest do the work for you.  It's never too late to start.  

This week was a good week for trading.  Last week I finished behind with a small loss. This week I moved forward by 7 days.  Still a few days behind on the compounding goal for this week; but I will take it.  Not bad at all. Next week the Magic Trick should happen. I am really happy with this weeks' results because it proves that not meeting a goal is not the end of the journey.  Your setbacks are just a set-up for your next accomplishment!

Apply for mentor-ship today! Mentor-Ship Application  
*Risk Disclaimer for Forex Trading.   The information here is for educational purposes only. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.  Past performance is not indicative of future results.  The high degree of leverage can work against you as well as for you.  Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite.  The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money you can not afford to lose.  You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Friday, September 20, 2019

WHOA Big Spender!


Okay by now you get it.  Compound interest is your best friend.  So YOU are just going to take EVERY Dime you can scrounge together and get started?  Hold that thought!


We are a couple of weeks into this journey, and I bet someone out there is wondering...
What if I start my account with $500?
What if I start my account with $5000?  
Surely compound interest on a larger amount is an even better friend!

Hate to break it to you UGLY, FOREX TRADING FACTS ARE if you start with a LARGER account, LESS training, LESS experience, and NO proven strategy, you can expect to lose EVERY DIME.  That's right.  ALL OF IT.  In fact, I don't recommend adding any more money than a minimal amount and practice growing it first.  INSTEAD, I help others to start simply and just keep doubling your initial investment.


My momma used to tell me, "If it is that easy; then why isn't everyone doing it?" She hit the nail on the head when it came to me learning how to be a Forex Currency Trader.  Forex is not going to allow you to put some money and VOILA! It reaches 7 figures.  In fact, Forex Market Players hope you put the money in and lose!  Fortunes are being built with the amount of money lost in Forex every day. 
The traders' mentality is fierce, and it is one you must master before you find the success you are looking for in this market.  It is so important, I spent 2 days of my Bootcamp training on just that; BEFORE I taught my strategy.  My business partners and I agree and have built our entire community around it. 


This week's post is one driven by my passion for all traders to be successful.  Thus, it is a little longer than usual.  For that reason, I will just share this week's trading results.  I traded long, I traded hard, and I fell short.  I will not shift the goals for this weeks' setback.  It will be interesting to see how I fare for the next three weeks.  
                                ~~HizRib

You can apply for free mentor-ship here: Mentor-Ship Application
*Risk Disclaimer for Forex Trading.   The information here is for educational purposes only. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.  Past performance is not indicative of future results.  The high degree of leverage can work against you as well as for you.  Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite.  The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money you can not afford to lose.  You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Friday, September 13, 2019

What is 2.55% APY~~30 Days in and Beyond

A quick google search for the best savings account yielded a 2.55% APY on a minimum daily balance of 5k.  Have you ever wondered why they will pay you, but you have to keep a significant amount in your account to receive that reward AND earn that interest?  Well, our banking system, uses our money to invest and the profit they collect is then used to make loans to those they deem creditworthy.  The banks are the market movers in Forex.  Your minimum ensures that the investors they hire have enough to play with.  All legal of course!-- one of the many reasons that our deposits are insured at no cost to us.

That 5k investment, untouched for one year will net you a whopping $127.50.  Now I am not knocking free money.  But most of the families I know need that money as working capital to fund their lifestyles and are not letting 5k sit for a year. What about your new knowledge of what they used your minimum for?  Do you still think this method of compounding was free?

Because I trade Forex Currency, I compound my own money.  This $20.00 journey will outpace the yearly rate of investment above in approximately 90 days!  In just 90 days, my $20.00 has the potential to grow 5 times its size. In fact, this week's results have been so phenomenal that this account has risen 58.55 %!!

So many times, our families are missing out because we think that this cannot be OUR story.  Well, the only reason it is not our story-- is that we have let complacency keep us from starting.   The $20.00 I started this journey will barely feed my family of 8 one meal.  It is hardly a half a tank of gas.  If I am treating myself, it won't cover a week of my favorite lattes.  I think it is fair to say that I did not risk being homeless to start an investment of just $20.00.

I'd love for you to join me on this journey to be financially free.  Maybe instead of waiting on our next raise; it's time we give that raise to ourselves!  You can apply for free mentor-ship here: Mentor-Ship Application
*The information here is for educational purposes only. Risk Disclaimer for Forex Trading
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.  Past performance is not indicative of future results.  The high degree of leverage can work against you as well as for you.  Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite.  The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money you can not afford to lose.  You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Friday, September 6, 2019

To Be Patient OR Not To Be Patient? That is the Question of the Day.

Truth is, I have never been a very patient person.  I tend to want things now. In fact, I can relate to the Millennials and Gen Z folks on this one particular personality trait.  My mentor makes me laugh when he says; "It's my money, and I want it now!" because he does not know how true that is for me.

So how did I go from wanting everything instantly to having the patience needed to grow this account?  Truth be told I haven't. People tend to think once you have children, you will automatically pick up being a patient person.  NOT TRUE.  What I have learned is how to practice something that I am not naturally inclined too.  INSTEAD of Patience, I developed DISCIPLINE.   Discipline helps me exhibit patience even when I don't particularly feel that way.



Both are needed in the world of Compound Interest.  Why is compounding interest a more exceptional teacher of patience? Well, for one, you don’t see results overnight. In fact, compounding interest is actually pretty slow, it can be like watching paint dry.  Secondly, none of my creditors are in a rush for me to pay my debts off.  As a matter of fact; it is their preference that it takes me as long as possible to do so.  No great secret there!  The longer it takes--, the more money I owe them--, the more profit they make.  Now there is an idea... that actually works!  Slow and steady profit.

But one thing that makes it easier is as slow as it may seem; it is still growing faster than all our other investments.  In-fact this little account is up a total of 39.3% in just 3 weeks!  Now that is not slow by any means of measurement.

This week, I had surpassed the weekly goal, and then the Holy Grail appeared.  I know you are laughing.  It is okay, go ahead and laugh.  I believe in truth in trading.   If you trade forex, you know precisely what I am talking about.  That trade is going to be so sweet and quick.  It will be #InstaProfit.  My favorite kind.  Well, when you enter the market even for the HOLY GRAIL, you increase your risk.  I suffered a small setback.  Not enough to keep me from staying in tune with my Goal.  But enough to remind me why we don't recommend overtrading for any reason.  I will be keeping my goal in this small account clear.  

You can apply for free mentor-ship here: Mentor-Ship Application
*Risk Disclaimer for Forex Trading.   The information here is for educational purposes only. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.  Past performance is not indicative of future results.  The high degree of leverage can work against you as well as for you.  Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite.  The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money you can not afford to lose.  You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.