Reddit reviews Trade Your Way to Financial Freedom
We found 4 Reddit comments about Trade Your Way to Financial Freedom. Here are the top ones, ranked by their Reddit score.
McGraw-Hill Companies
First: read.
Once you have read enough and since you don't seem to be a programmer, don't go for languages that will kill your motivation before you get to do anything sensible (I like C++ very much, but prefer Python for mostly everything)
Reading material: https://www.amazon.com/Trade-Your-Way-Financial-Freedom/dp/007147871X
This book, imho, will give you the foundation to understand the principles of having your own system in place and where to put your efforts when developing your system. It won't tell you how to code and what's best or not.
Coding: Imho, Go for Python and start by leveraging one of the existing platforms. Read some of these other threads to get an insight
Quoting from the threads some of the offline Python platforms:
Data: this is one of the most important parts. If you don't already have the data available and plan to get if from the platform, then the offline Python platforms won't help you directly, so either:
or
https://www.amazon.com/Trade-Financial-Freedom-Business-Books/dp/007147871X
This book has changed my perspective on everything. It helped bring peace into accepting what I can control AND MOST IMPORTANT, what I cannot control in the markets
I'm not dure how else to explain it to you. You should read Trade Your Way To Financial Freedom by Van Tharpe. Terribly named book, but it's the first book all noobs should begin with. It does a decent job of watering down the concepts of expectancy and opportunity; expectunity. Noobs should avoid that babypips bullshit.
https://www.amazon.ca/Trade-Your-Way-Financial-Freedom/dp/007147871X
Read Fooled By Randomness By Nassim Nicholas Taleb if you really want to get into it. Best book for traders in my opinion.
Keep putting it into savings for now. This will teach you the pain of patience which is the number one habit of a wealthy person.
The harder you are on yourself financially, now, the more disciplined you'll be with personal finances in the world where everything is out to stiff you and spending money is easier than ever.
I made fake money for my kids (10 and 13) and require them to log in their time doing chores and work. They are paid by their time and they also suffer through negotiations and the pain of getting stiffed by the client and also the occasional bonus. They allocated 10% of their earnings to savings. Pay yourself first. The rest is spent on rent, food stuffs, hygiene, items for their hobbies (fake games, e.g), occasional financial emergencies and burdens, and a car and its insurance costs.
Come up with your own challenges. Make yourself uncomfortable in your goals (but not risky) and find out how weak you are or how motivated you can become.
With real money, they put their 10% back for emergency, 20% toward investment and spend what's left. I'm pretty rigid. They can split it as they want when they are older, but the goal from me is to give them the habit of doing the task.
I am also teaching them how to trade. They may not be a good fit for trading in the later years. Time will tell, but they know how the market works (globally & locally). My kids will never be surprised by a recession, because recessions are a normal part of a cyclical process of the markets when it surprises everyone else.
My hope is for them to never work for someone else. Trading can do this. It's an option I suggest you look into. If you start now, it will be second nature to trade by the numbers. Keep in mind that trading is gambling for most people. To make money trading, you need to have emotional discipline and mental clarity. If you start now, you'll be the better for it as the trading process will be ingrained.
Look into Robert Kiyosaki's advice and his book Rich Dad Poor Dad [Van Tharp's Trade Your Way to Financial Freedom] (https://www.amazon.com/Trade-Your-Way-Financial-Freedom/dp/007147871X) Money Lessons Kids Aren't Taught ... by Dave Ramsey
Read. Read. Read while your account is growing. When you read something within your interest that you don't fully understand, break it down and try to understand it. Never give up. Never stop reading because you don't understand it. Keep reading it regularly until you begin to understand, until it becomes a part of you. Take note of the subjects for which you are willing to do this for. This is your real passion.
I'm an adult and do this all the time. My friends think I'm smart for reading financial stuff (trading related) but I don't understand all of it. I trust that my being there and pouring through, I will learn.
Figure out what you want in life. Most people want to spend money or to have money to buy things they want or need. That's average. This is not financial success. Financial success is financial freedom. The freedom to say F Off to those whom would want you to be their bitch for goods, money or services. To be able to do that, you'll need to learn the pain of repetitive short-term discipline for long term gain. You'll need to learn to be your own boss, in essence (and a good one).
Finances is so much more than money. Get started now.
And, well, as a mother I gotta say I'm proud of ya.
Keep up the good work!
["You are the average of the 5 people you spend the most time with."] (http://www.businessinsider.com/jim-rohn-youre-the-average-of-the-five-people-you-spend-the-most-time-with-2012-7)
Spend time with people who appear to be what you think you want to be. You'll learn what's real and what's not. Money isn't so much about working and saving as it is mental and emotional. One cannot aspire to own a decent car in a year or be a billionaire by the age of 25 if they wake up every morning saying to themselves "Hey. You'll never make it." or if you have someone in your life that talks down to you, it is necessary to overcome this too or you'll never believe enough.