Why Forex? ESBI and pipelines (Session 2)
Is your job a business?
If you work for someone or some organization, you are a EMPLOYEE.
If you work for yourself or is the key person that drive your business, you are a SELF-EMPLOYED
If you earn a living from dividends from a business, that will only to make money, even though you are not working, you are a BUSINESS OWNER
If you earn a living from interest from your investment, by not doing anything, you are an INTEREST earner.
The first two, you have to work, the latter two you do not necessary need to work.
So then is trading in commodities, such as forex, a business? NO
To be a business owner, you need to have a business and you own it, meaning you should be the main shareholder and the running of the business must have a system, that it does not need to depend on any key personal to conduct a proper business transactions. Take for example, Singapore Airlines (SIA), if you are one of the CEO, the SIA will still make money even if the CEO is sick. There is a system in place. Is it not better that you own SIA, a major shareholder? Well you can buy SIA shares, but you need capital and that is money.
Can you see that if you have money, you can use the money to invest and buy SIA shares or do other money making investment? Very automatically, your money will make money for you even if you are not working!
Therefore, my purpose in teaching you trading in forex is about weath or capital creation.
Unless you are a high appointment holder and therefore assume that you earn a fat salary and you can therfore save more and accumulate wealth faster.
Otherwise, unless you have a rich parent.
Weath can be created, but it also depends very much on how you accumulate. Someone who has a fat salary may not necessary be someone who know how to save or to invest. As a result, he/she will have to continue working in order to maintain that current standard of living - always working and failed to permit money to make money.
A story was told about two persons, who was offered a good paying job, ferrying water using pails from the river to the reservoir in the town. One of them was very statisfied because he knew that it is by far a good paying job, though stressful, but water is always needed.
The other person, however, knew that this labourous job though good, there was no light. the day he stop work, the flow of money stop. As a result, each day as he walked to the river, he took some time off to build a small section of a pipe. Many years later, a pipeline was formed and now he did not to ferry water. Even when he was sleeping, water would flow from the river to the reservious and thus he would collect his money.
Therefore to achieve financial independence needs wealth and weath need to be accumulated. The capital need to be invested either in businesses or in the form of a interest earning instrument. In doing so, it will come a time, even when you are not working, income will still be steadily flowing in.
Financial independence is not about not working. It is about the choice of not working when you choose not to or worse you are not able to. Financial freedom, permits you to therefore do the work you like such as running a cafe business, spend holidaying with your love ones .. It is about choice.
Trading in forex is not the only way, but it is a way that I have discovered and it can help me to accumulate wealth at a good speed and at the same time not taking too much time from work a day.
In the next session, I will continue to share how forex can be a business.
God Bless
If you work for someone or some organization, you are a EMPLOYEE.
If you work for yourself or is the key person that drive your business, you are a SELF-EMPLOYED
If you earn a living from dividends from a business, that will only to make money, even though you are not working, you are a BUSINESS OWNER
If you earn a living from interest from your investment, by not doing anything, you are an INTEREST earner.
The first two, you have to work, the latter two you do not necessary need to work.
So then is trading in commodities, such as forex, a business? NO
To be a business owner, you need to have a business and you own it, meaning you should be the main shareholder and the running of the business must have a system, that it does not need to depend on any key personal to conduct a proper business transactions. Take for example, Singapore Airlines (SIA), if you are one of the CEO, the SIA will still make money even if the CEO is sick. There is a system in place. Is it not better that you own SIA, a major shareholder? Well you can buy SIA shares, but you need capital and that is money.
Can you see that if you have money, you can use the money to invest and buy SIA shares or do other money making investment? Very automatically, your money will make money for you even if you are not working!
Therefore, my purpose in teaching you trading in forex is about weath or capital creation.
Unless you are a high appointment holder and therefore assume that you earn a fat salary and you can therfore save more and accumulate wealth faster.
Otherwise, unless you have a rich parent.
Weath can be created, but it also depends very much on how you accumulate. Someone who has a fat salary may not necessary be someone who know how to save or to invest. As a result, he/she will have to continue working in order to maintain that current standard of living - always working and failed to permit money to make money.
A story was told about two persons, who was offered a good paying job, ferrying water using pails from the river to the reservoir in the town. One of them was very statisfied because he knew that it is by far a good paying job, though stressful, but water is always needed.
The other person, however, knew that this labourous job though good, there was no light. the day he stop work, the flow of money stop. As a result, each day as he walked to the river, he took some time off to build a small section of a pipe. Many years later, a pipeline was formed and now he did not to ferry water. Even when he was sleeping, water would flow from the river to the reservious and thus he would collect his money.
Therefore to achieve financial independence needs wealth and weath need to be accumulated. The capital need to be invested either in businesses or in the form of a interest earning instrument. In doing so, it will come a time, even when you are not working, income will still be steadily flowing in.
Financial independence is not about not working. It is about the choice of not working when you choose not to or worse you are not able to. Financial freedom, permits you to therefore do the work you like such as running a cafe business, spend holidaying with your love ones .. It is about choice.
Trading in forex is not the only way, but it is a way that I have discovered and it can help me to accumulate wealth at a good speed and at the same time not taking too much time from work a day.
In the next session, I will continue to share how forex can be a business.
God Bless
posted by Ernest Seng at 3:15 PM
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