Sorry for the late post. Just have to burn many sleepless nights preparing for the Microsoft Certification exams. But it is all over since I am now an MCPD-Web in ASP.NET 3.5 (Hooray!!!)
Anyway here's the footage of me playing Robert Kiyosaki's Cashflow 202 E-Game:
Part 1:
Part 2:
Applying what I learned from playing Cashflow 101 and Cashflow 202 here's my strategy in how to retire by 30:
1.) Raise a lot of money via Capital Gain deals. I am going to do it via Forex Trading and Options Trading.
2.) Use the Capital Gain profits to invest in dividend-paying energy and commodity stocks that provides
cashflow via dividends. This will be my CORE source of passive income as I build on my asset base. I am
going to use Put Options in order to protect my stocks from market crashes.
cashflow via dividends. This will be my CORE source of passive income as I build on my asset base. I am
going to use Put Options in order to protect my stocks from market crashes.
3.) I am going to multiply the profit from the stock dividends via Forex Trading and/or Options Trading.
4.) Repeat Steps 2 and 3 until the monthly passive income from my stock dividends EXCEEDS twice the cost of my monthly living expenses.
5.) Once I reach Step 4 I will use some of the stock dividends and Capital Gains in order to pay for the
downpayment of rental real estate properties and business franchises.
downpayment of rental real estate properties and business franchises.
I just turned 26 two weeks ago and instead of celebrating my birthday I took a hard look at myself and asked "Where am I going?"
If I really want to retire by age 30 I need to get my act together and start somewhere.
Truth be told I have been dabbling the Forex markets since 2007 and the Options markets since last year and I am still not profitable in these two endeavors.
Frustration's starting to creep up on me.
But well, I don't care. I'm gonna do this. I don't want to be engulfed by analysis-paralysis. I'm gonna do this. I HAVE NOTHING TO LOSE!!!
On the next post I am going to document my "fresh start" on Forex trading with my proposed trading system.
WARNING: Articles posted in this blog are from my actual life experiences and opinions. These do not guarantee a life of riches, alleviation of poverty, or making the world a better place. I am NOT LIABLE if you follow any of the articles posted in this blog and got poor.
INVEST AT YOUR OWN RISK. YOU ARE RESPONSIBLE FOR YOUR OWN DESTINY.
