Continuously Improving You

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Time to Work on the Financial Education

Financial Education and Investing

Financial Education and Investing

One aspect of our personal and professional development that I haven’t posted much on is in the financial areas of our lives. I imagine part of the reason for that is because it’s one of my weakest areas. I’ve read plenty of books on personal finance and some of those books have been huge in motivating me to get out and make moves to improve financially. Although, many of the books on real estate investing that I’ve read seemed to be more fluff than providing the actual steps needed to start  investing in real estate, they got me fired up to actually get out there and do it. No offense to the writers of books on real estate investing, but I almost always felt that the only thing I got out of reading a book on investing in real estate was the planting of a seed of what can be done.  That being said, those books do have some value because if I had to do it all over again I would definitely read them again. If the only value of reading one of these books is the planting of the seed that is value enough to make it worthwhile.

In some of the other books on taking control of your financial life I’ve had a similar experience when they talk about trading in stocks and options. They will state something like “You should take control of your financial life and learn how the rich get rich by making a profit in both up and down markets”. And, that’s it. I often times felt like they left me hanging.

Hmm, you think to yourself. Is that it?

At least these authors could give you a little more direction and provide a list of books to go and read. That’s one of the strengths I appreciated about Jack Canfield.  He typically provides a section or appendix where he lists all of the books he read and researched to write his book. It’s a great way to find more “stuff” to read to feed your development and continuous improvement. I’m digressing here….

If you are like me and read one of these books on improving your financial awareness and are left wondering where we are supposed to go to learn about investing in both up and down markets than I hope you’ll appreciate some of the resources I’ve recently come across on investing with options.

I’ve kind of stumbled into this new area of my continuous improvement when my wife signed up for a seminar on investing in the stock market. Her participation in this seminar allowed her to bring a guest and no one else was interested in going with her. I’ll admit, even though I enjoy learning about investing my feelings about going to this seminar were that I could take it or leave it. The fact that I was going to have to wake up at the butt crack of dawn to go to this two day seminar being offered by TD Ameritrade and Investools didn’t help. I’m not a morning person!!

The day of the seminar arrived. We woke up before the chickens and headed on down to the hotel where it was being held. It was going to be a full two days and I couldn’t help but wonder if I was going to be able to get through them without falling asleep in my chair. To my pleasant surprise it turned out to be a great two days.

Of course, “they” tried to sell us on signing up for the trading education program that ranged in price from $2,000 to $25,000. That wasn’t anything that surprised me. Still, there was an incredible amount of value that they provided in the $99 two-day seminar and I’d do it again. The seminar opened up my eyes to investing and got me motivated once again to further my financial education.

Financially I’m not in a place to spend the kind of money “they” were asking for the classes in trading, however I could see paying the money for the training if I had it. It looks like there is an enormous amount of value in the classes and learning how to invest in such a way that you know how to make money in any market, up, down, or sideways, makes sense. After all, how many people do you know that lost most of their life savings in 2008? Raise your hand if you know anyone!!! I can name all kinds of people I know who lost much of their life savings during that down time of the market. Now imagine that you took the time to learn how to make money during that terrible downward spiral, and rather than lose your life savings you earned more money than you ever did when the market was up? I’m not making this stuff up.

It’s possible.

It just takes becoming financially literate and if you are motivated enough you can become a person that knows how to make money as long as the market opens everyday. It doesn’t matter if the stock market is up, down, or sideways; as long as it opens you can be a person who is making money. By the way, although the stock market will generally go up over time, you need to realize that during that upward trend it is typically down or sideways more than it is up.

This new “chapter” of Continuously Improving You is going to focus on becoming financially literate. Since I couldn’t sign up for the classes through the financial seminar I went to, I decided to take my new found inspiration to become financially literate and started looking for books to read and searched for quality websites focused on investing. I’ll be sharing these new books, websites, and knowledge with you as I come across them

Here’s to continuously improving in all area of our lives and specifically in our financial life!!!

Now Go Be Successful In All Areas of Your Life!!

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