This Blog is a Vision Board and Journal of my Journey from Flat Broke to Financial Independence.
I Have Set the Bar at 5 Years.

Wednesday, March 17, 2010

Day 8 - And the Winner is? Business and Market Investor

Entertainment Business and Market Investor.
I have spent the little free time I have had in the last couple of days thinking about this choice. With out meaning to or making a conscious choice I have filled my time watching BNN and paper trading currencies. I have been day dreaming about options as a method to buy high yielding dividend stock, etc. I didn't dream about a single house or spend much time looking into venture parntership deals, or who I might try and approach to get capital to go in with me on my first deal. I know I have a short attention span when it comes to some things I am not passionate about. As a market Investor I would be activity searching for new trade ideas and options everyday (though other then Forex I likely will tend towards longer positions then day trading and micro trading). I have a small amount of self taught knowledge and took a half credit at university last year in economics for fun. Ironically that's all I could afford. I am not however making this choice completely blind and this somewhat odd, speculative, and non traditional approach (for my background with no traditional business education) actually fits not only my personality but interests. I was a semi pro poker player and it is still a small hobby ( captnpoppy.blogspot.com) so the idea of carving an edge in a world of imperfect knowledge is something I have been banging around in for at least five years.
So dear readers, if any, this is my path and my start. Yours will be different but hopefully the way I am trying to find mine will speak to you finding yours. Again I am not selling a thing here. This is a personal journey in trying to achieve some independence from jobs and a life time of excellent breakfasts gone public. (Honestly I am saving on paper for a vision board and daily goals journal by blogging this and I am using this public form to push myself to try and accomplish some thing towards the goal every day.)
Ta Da
OK whats next?
1. Personal Budget to find out where I am. (I kind of know and it ain't great)
2. Separate the Personal from the Business - Banking etc.
3. Define the business (both the acting and then the Investment from that income)
4. Get enough income to support my end of the family expenses.
5. Over all business plan for both the acting and investments. (How I want to trade and hold)
7 Funding a micro account in Forex, learn more about the specific option trade I am interested in, and research the world of higher dividend stocks.

Ok wow and that's just off the top of my head. I got work to do.

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