Archive | June 2013

Growing A Money Garden

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When I posted my last post I talked about a project I was going to be starting. The project was the start toward growing my own money garden. Sad to say that the project will need to be postponed until I’ve gathered sufficient funds for it. The first plant of this project was to start investing in binary options.

Binary options are a very lucrative way to make money. However, with all financial vehicles you must be prudent with how you handle them. For those of you who don’t know what an option is, an option is the right, but not the obligation to buy or sell an asset at a set price. Options are derivatives of these assets that are being bought or sold. Of course, this right only applies to the investor that is buying the option. For those that are selling them they are obligated to buy or sell the underlying asset if the option is exercised. This can be very costly if you do not hedge yourself properly. Of course, there was a bit more to this than I originally had thought.

A short while back the Commodity Futures Trading Commission, also known as CFTC, has been trying to crack down on brokers who are not regulated by regulatory group. One of the main underlying reasons is for the safety of the investor. These unregulated brokers could at any time take all your money and just run away with it. This is not to say that all unregulated brokers are bad or not safe, but this is a word of caution. On top of that it is illegal for a U.S. citizen to invest in binary options that are not being brokered by a regulated broker. So if you’re not a U.S. citizen, then perhaps this may not apply to you. Now back to why I didn’t start planting the first plant for my money garden.

As I had mentioned earlier I was going to wait till I’ve gathered sufficient funds to start planting this plant. This doesn’t mean I can’t start, but the broker I decided to go with was offering those who put in $5,001.00 or more a 100% bonus on the money they were going to deposit. For someone that isn’t make a whole lot gaining an extra $5001.00 is a big deal. Of course, this isn’t the only plant I want to plant to gain financial freedom.

In my last post I had realized that I really hated working a job. This dislike in working a job made me realize I needed to plant a garden of money. So besides the investing plant I have actually already started working on another money plant, and that plant is this blog.

As many of you already know blogging is a viable way to create passive income through affiliate programs and advertising. I know I’m still on the bottom of the totem pole, but I feel that it is important to share my experiences for this garden of money I am starting to work on as well as anything else that I feel strongly about to help improve oneself. So on that note of improving if anyone has anything they want to share or learn about please let me know. I am an avid learner and would love to help everyone become better than they were before. So please feel free to share your thoughts and opinions. I will keep you all up to date about my current project. Until next time take care.

 

Trapped By Money

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Recently I had tried to quit my job with Wal-Mart. By the end of my attempt to quit I ended up not being able to quit. It’s not that I couldn’t the job, but I have lately been feeling that I’ve been overly focused on short term gains by the means of a job. This doesn’t mean having a job is wrong or bad. I think it’s good to do some form of work. However, I don’t think this line of work well for me. It was at this point that I realized I really hated working any job in general. Some jobs were better than others. In the end though there really wasn’t a job I cared to work. The only reason I had for working these jobs were to try and pay bills. I had fallen into the money trap.

I feel that it’s safe to say that the majority of the world has fallen for this trap. Being taught and bombarded by imagery of wealth most of us are tempted to do whatever we can to obtain these materialistic joys. Sadly the only way to obtain these goods is to use what we know which has been taught to us from a young age that is to go get a job and work. At this point it got me pondering about life and what I’ve spent my time learning in life. I’ve read so many things; especially things on business and investing, however I have yet to really apply what I have learned on my own. So I decided to start something stupid and will post more about it this coming weekend.

The money trap is a reality that we all must face. It’s our duty to escape it. So are you going to remained trapped or are you going to break free? The choice is yours. Until next time take care my fellow readers.