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.

Thursday, April 22, 2010

Day 35 to 36

I have made a odd realization. I know that smoking is bad for me, no brainer , but what I have just learn is quite an eye opener. I have tried to quit for what seems to be decades now and was successful once for a 2 year period smoke free  and I won't bother you with the reasons for the idiot choice for starting again some five years ago. I have however found by tracking my trades and trying to remember my mind set on the day that smoking effects my emotional response to money. Okay that seems weird. But on weeks I am smoking and more heavily I get angry and react to the market personally. On weeks I am light or smoke free I react much calmer and have a positive outlook and positive return on investment. I have now even an other reason to quit besides all the obvious in your face ones. So tomorrow I quit. One of the first things I did to change my outlook on the world and step towards my goals was to get up on days I am not working the graveyard shift and make my wife and daughter breakfast. It means our mornings are smoother and I can enjoy the family before the day starts. It was a direct response to my goal stated on the first day of the blog  to have a healthy breakfast ( okay not in the Caribbean yet) so my family can start each day ready for what ever challenges we might face. It has been great and we are all healthier because of it, plus it turns out I really like doing it. Now quiting smoking is an other tangible goal I thought unrelated to money ( okay they cost allot), which must happen it seems if I am going to be a successful currency trader. (for me anyhow smoking makes me closer to my anger).
I am not sure how rich I can get by this process but it has likely already added years to my life and my quality of life as benefited hugely. Not bad for only day 36, just not the things I thought they would be.  I want wealth but if I find happiness and better health on the way , so be it. I  guess all things are related.

Tuesday, April 20, 2010

Day 27 - 34

 I have now included weekends in my day count, not really important but , just saying. Tons of work work these last few days, however I got a chance to work a bit on the business before I take off to a graveyard shift tonight.  I had a general idea but no real path to follow other then I want to trade currencies for my full time job down the road.  I have since been studying on free resources and open a couple of demo accounts in the forex market and one tiny real one.  It turns out a good path is to trade for a couple of years with money you don't have to eat with and build up a trade sheet with a nice return on it. From there you can then find clients who will let you trade with their money which can boost the capital pool to an amount where real wealth can be achieved.  This is its self seems a small realization but it has cleared a nice route for me in my mind  and I was able to get a web site idea started as well as a business plan started with this goal in mind. I need to find out if I have to take and pass the Canadian  Securities Course to trade for other people (I'm pretty sure I would). I need to find out about then getting registered at joint stocks, but all in its own time. First I have to raise more capital to open a decent trading account to work from and pick the right trading platform for myself.  There is one place which I have a real account (tiny) and an other which I would love to work with but their minimum is larger then my wallet yet. I think the oddest and neatest thing so far in my tiny first steps is people from Cyprus or Geneva are calling me to talk trading platforms. (If you open a demo account they make a sales call).  Still, today just before supper I said, " I'll be right there honey I'm on the phone with my broker in Geneva."  This from a guy who counts the beer in the fridge to see if he can make the six pack last to the weekend.

Tuesday, April 13, 2010

Day 20 - 27

Working and Working. I can't seem to makes enough to cover my nut working around the clock and it leaves me no time for the business. I am not sure how to crack this one. The idea is work one job in the day and the business at night. I have four part time jobs eating my entire time and a cranky family and also a decision to make about yet an other job as a card dealer which will not be flexible on a two week training which lands now on a a day I am acting in a movie. This could be a decent job in the winter when the acting slows down, but if I turn down the day on set I could kill my rep as an actor in a small market.  I want to trade, I would be good and yet I am not sure how to arrive there.  Argggg. Too many ball in the air and yet it feels I need more.

Tuesday, April 6, 2010

Day 19 - Options

Options but not the market kind.  A new job might take training I can't miss over a two week period in which I have a small speaking role for one day on a movie.  The job pays well, well enough I should take it to help with the living expenses, but it would kill the acting role which is part of the investment plan.  I need to weight my options here. The job could last for a long time and make a pretty big difference. The movie role would be an other credit and pays stupid well but only of a day or two. I wont give numbers but roughly one day on the movie is about a months work on the job for me, but the movie ends in a day or two and the job could provide good income for years (Five for sure :) ), in fact there is good flexibility in the job once the mandatory two week training section is done.  I have an other day on a set tomorrow and some personal budgets to finally finish if I don't get home too late.  I am willing to work and willing to invest, but lord I hate making decisions like take this job or short but nicely paying acting gig. Oddly enough making a decisions related  to risk ( risk management at all times ) money in poker and Forex market are easy for me. Yep trading was the right choice I just got to  figure out how to get the capital. Acting or Working , or some how both ( I need both to raise enough money if the gods of schedules will just let me)

Thursday, April 1, 2010

Day 17 and 18 - Working da Jobs and Thinking da Business

Worked a TV show last night and tonight I am doing one of my joe jobs, Oh the glamor of a 46 year old  day player. On a completely unrelated note, I love trading, love it, I am not sure how good I am yet. We will shall with my somewhat dubious sell of EUR/USD with a weekend hold. I thank God for stop limits. I can only wait and see if the mighty greenback rises over Easter. Trading and learning about trading takes up most of my free time which is fine, after all it is my new career. I think I have found away to add beyond the eBay sales to the trading account. ( Likely you should find my nutty flow chart entry if I have lost you here, its my road to passive income) I might just partner up with my forex platform.  Sell the very platform I trade on. I think if I slap an big old ad on my car for the new web site I can then write the expenses off, I should check that out and see what else I might be able to write off. I also need to still get my budgets in order and make some hard choices. I have had more offers of work and it is  all part time. So do I trade jobs , triple up and fight schedules or hold out for that flexible full time job (which hasn't arrived yet)  which will allow me some little time off for acting and night school teaching.  I really want to focus on that goal of sunny property, little to no  financial stress, good breakfast for my and the family, plus  I am still willing to work to help keep it going. I don't really think I will lose interest in trading or acting so why stop and both make my happy and a little richer again why with the stopping. Please just no rent at 50 % income or eating cat food at 60. But now, Easter is time for family, food, and a little web site hunting for my idea for an extra stream for my forex trading account. Only one Graveyard shift to go before four days of Family and Food. Cheers