Tag: #Improvement

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Trade-The Application Principle

Trade is an interesting concept with multiple layers of definition and application

In fundamental economics trade is defined as the action of buying and selling of goods and services.

In educational terms it is a skilled job, typically one requiring manual skills and special training

In terms of the market, trade gets a slightly more complex definition but it equates out to the pursuit of making a profit and building a sizable income stream whether that is earned from the Stock Market or the Foreign Exchange Market. Little

Finally, from a personal view trade could be defined as putting old things down in order to acquire newness.

What do we mean by this??

In reality the best way these can all be understood is to combine the definitions themselves as well as employing the use of the first two pillars of learning and investing as well. So, let’s paint this picture together.

In order to begin learning how to trade in the stock market or forex market one has to prioritize your time and instead of doing other things like watching tv, social gatherings, or just time spent doing nothing productive you may begin to trade (swap) the habit of laziness out for productivity.

As time progresses and you invest that time into developing your skills, training and aptitude in the art of trading. Naturally creating habits of productivity in other areas of your life because you chose to trade old things in order to acquire something new.

One of the biggest trading points that a large majority of us can relate to is the time for money trade made at jobs 40+ hours per week. We are fairly confident that 3 out of 5 people at least would love to make that particular trade end so that they could spend more time with family, traveling, more trading or doing whatever other activity it is that they love. Ultimately, now that you have decided to make that habit trade look at yourself now and realize that you learned the skill of trade that derives from the educational perspective giving you the ability to trade as it relates to the market definition and you have accomplished this from trading your old mindset for a new mindset resulting in earning yourself a new income stream compounding dollars all from making a decision. The benefit of all of these new-found aspects of trade is having armed yourself with the fresh financial flexibility.

Conclusively I would like to leave you with this quote:

“A man is worked upon by what he works on. He may carve out his circumstances, but his circumstances will carve him out as well.” -Frederick Douglass, The Portable Fredrick Douglass

You will define things in your life as you go as well those same things defining you so be mindful of what you do with and for yourself daily, you do not have to reinvent the wheel but you can customize your tread on it.

We will never make you do anything, we cannot but we will continuously offer our sincere and researched methods of improving your life as we strive to improve our own.  We must lift as we climb. So, if you are universally somewhere in life that you do not want to be first a decision must be made to change. Then consciously grasp that mentally, emotionally, financially it is within your capability and obligation to begin those changes learn what it takes, invest the time/money into crafting those changes and watch your new trade gain new profits in intellect and dollars.   Learn. Invest. Trade

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Know Yourself, Know Your Worth

 

  • Critical because self-awareness plays into objective view of self
  • Plays into objective view of your personal narrative
  • Know what you want and write it down
  • STICK TO PLAN-
  • Be able to reevaluate your performance

“Know Thyself”. This concise yet impactful quote was written on the walls of the temple of Apollo at Delphi over 2000 years ago. Despite being written before the market as we know it today existed, this simple statement absolutely impacts the investments and applications we commit ourselves to today. What does it truly mean to know yourself? Does it mean to know what your name is or what you look like in the mirror? If we relegate this saying to such shallow terms, we strip it of its intended meaning. Knowing yourself is having the self-awareness to understand your actions and the ability to look at yourself objectively.

(What does looking at yourself “objectively”  mean?) -To truly look at your inner-self and reflect upon your individual strengths, weaknesses, and opportunities within yourself that will extract/demand personal growth over time This is a very simplified definition but it encompasses the overall theme.

“How does my own behavior come into play when I’m investing and the things I invest in?”, you may ask. The answer may be more profound than you originally thought. When we look at spending/investing situations, we apply our own “filter” or personal interpretation to what we see and this can be a poor habit. We have to understand that when it comes to making sound financial decisions, we have to treat it as if it were a living breathing entity.  When dealing with it, we have to listen and watch it, instead of layering our own values and systems to it. For example, think of the trading market as an actual person. Would it not be rude of me to apply my own sense of what’s right and wrong to him without once listening and understanding what he is saying? This is what happens when we try to add our self-indications and assumed values and bend the market to make it conform to our individual assessment/opinion. The forex market (Foreign Exchange currency marking) alone is a $5.3 trillion dollar a day industry. It will not be dictated or control by any one person, regardless of what their name, title, or status is. Trying to control that market or anything else and shape it to your will is a quick way to be washed away and disappointed.

I have just painted a fairly grim picture but all hope is not lost!

In a nutshell, Knowing Yourself goes like this according to our last two posts….

Step 1. Admitting your weakness

Know that you spend money in terrible ways, or that I always say “the love of money is the root of all evil”  realizing that you are not taking care of yourself physically like you should be and that you have made excuses about it.

Step 2. Reminding yourself of your strengths

Truly acknowledge and empower yourself with a precise and calculated change of mindset and put together a plan to correct your downfalls while solidifying your strengths.

Step 3. STICK TO THE PLAN

Do Not Get allow yourself to deviate from self-improvement. Go against your normal and easy path.  Write things down, make a collage, pictures, notes or whatever may be good enough for you to constantly remind yourself of the growth you are committed to making.

We must analyze ourselves in order to decipher out the bad from the good. We must train our subconscious to move our conscious being and be ready to move. The only way to control and tame this beast is to train it to take you where you want to go. This article is definitely deeper in the “finding yourself” element but that is exactly what we want for you because when we speak next week were are really going to begin diving into the financial realm of taking your money to a different place…

As always thank you humbly for reading and take your time, when you could have been doing so many different things and remember…

Learn. Invest. Trade.

 

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Financial Fitness

Exercising is an essential part of the daily routine most resources say that we as humans need at least thirty minutes of physical activity (exercise) per day. When you really put things into perspective taking half an hour to maybe get on a machine, lift a few weights, take a walk or whatever may be your workout of choice really will not take that much time out of your day and the greatest part about it is that it improves your mental state and keeps your mind sharp. In addition, when you go look in the mirror and see those baby abs start forming, or muscle gains increasing that truly triggers the activity becoming habitual and will boost the frequency of optimistic outlooks throughout the endeavors in your day. 

There are plenty of good reasons to be physically active. Below is a list of a few specific ways that exercising improves mental health and can truly translate to improving your financial decisions.

1. Reduce stress.  Take a walk or head to the gym for a quick workout. One of the most common mental benefits of exercise is stress relief. Working up a sweat can help manage physical and mental stress. Exercise also increases concentrations of a chemical that can moderate the brains response to stress so that you will not make spontaneous purchases or waste money on unnecessary things. So go ahead and get sweaty—working out can reduce stress and boost the body’s ability to deal with existing mental tension. Win-win!

2. Boost happy chemicals. Slowly making it through a few miles on the treadmill, but it’s worth the effort! Exercise releases endorphins, which create feelings of happiness and euphoria. Studies have shown that exercise can even alleviate symptoms among the clinically depressed. For this reason, doctors recommend that people suffering from depression or anxiety (or those who are just feeling down) pencil in plenty of gym time. In some cases, exercise can be just as effective as antidepressant pills in treating depression. Don’t worry if you’re not exactly in the shape you want to be yet, it is all a process. Getting a happy buzz from working out for just 30 minutes a few times a week can instantly boost overall mood.  

3. Improve self-confidence. Hop on the treadmill to look (and more importantly, feel) like a million bucks as well as earning a million bucks. On a very basic level, physical fitness can boost self-esteem and improve positive self-image. Regardless of weight, size, gender, or age, exercise can quickly elevate a person’s perception of his or her attractiveness, that is, self-worth. So you will begin to truly love yourself and value yourself monetarily much more. 

4. Enjoy the great outdoors. For an extra boost of self-love, take that workout outside. Exercising in the great outdoors can increase self-esteem even more. Find an outdoor workout that fits your style, whether it’s rock-climbing, hiking, renting a canoe, or just taking a jog in the park. Plus, all that Vitamin D acquired from soaking up the sun (while wearing sunscreen, of course!) can lessen the likelihood of experiencing depressive symptoms. Why book a spa day when a little fresh air and sunshine (and exercise) can work wonders for self-confidence and happiness?

5. Prevent cognitive decline. It’s unpleasant, but it’s true—as we get older, our brains get a little…hazy. As aging and degenerative diseases like Alzheimer’s kill off brain cells, the noggin actually shrinks, losing many important brain functions in the process. While exercise and a healthy diet can’t “cure” Alzheimer’s, they can help shore up the brain against cognitive decline that begins after age 45. Working out, especially between age 25 and 45, boosts the chemicals in the brain that support and prevent degeneration of the hippocampus, an important part of the brain for memory and learning.

6. Boost Brainpower.  Various studies have shown that cardiovascular exercise can create new brain cells (aka neurogenesis) and improve overall brain performance. Studies suggest that a tough workout increases levels of a brain-derived protein in the body believed to help with decision making, higher thinking, and learning. (CH-CHING-$$$!)

7. Sharpen memory. Regular physical activity boosts memory and ability to learn new things. Getting sweaty increases production of cells responsible for memory and learning.  Working out can truly boost memory among grown-ups. A study showed that running sprints improved vocabulary retention among healthy adults.

8. Get more done. Feeling uninspired some days? The solution might be just a short walk or jog away. Research shows that workers who take time for exercise on a regular basis are more productive and have more energy than their more sluggish peers. While busy schedules can make it tough to squeeze in a gym session in the middle of the day, some experts believe that midday is the ideal time for a workout due to the body’s natural rhythms.

9. Tap into creativity. Most people end a tough workout with a hot shower, but maybe we should be breaking out the colored pencils instead. A good blood-pumping gym session can boost creativity for up to two hours afterward. Supercharge post-workout inspiration by exercising outdoors and interacting with nature. Next time you need a burst of creative thinking, hit the trails for a long walk or run to refresh the body and the brain at the same time.

10. Inspire others. Whether it’s a pick-up game of football, a group class at the gym, or just a run with a friend, exercise rarely happens in a bubble. And that’s good news for all of us. Studies show that most people perform better on aerobic tests when paired up with a workout buddy. Pin it to inspiration or good old-fashioned competition, nobody wants to let the other person down. In fact, being part of a team is so powerful that it can actually raise tolerances for things. Even fitness beginners can inspire each other to push harder during a sweat session, so find a workout buddy and get moving! Because we want to inspire you to be the best you in your daily decision making translating that into the best monetary gains you can accumulate as well.

Regular exercise changes the brain to make an overall better you, so you will begin to make better decisions regarding the way your finances are handled as well due to the overall theme of “taking better care of things”  stamped in your mind. So when it comes to spending as we covered last week you will hopefully choose to spend more wisely (reference first article Money Mindset). Now that you have made up in your mind not to buy those $300 sneakers or $1000 pair of heels you can take yourself to exercise(remembering all the aforementioned benefits above) and then take that same amount of money and make a wise investment such as finding a new skill to learn like beginning an exploratory fundamental education about how to start making your money work for you. 

Learn.Invest.Trade

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