The foreign exchange market
The foreign exchange market is an over-the-counter (OTC) global marketplace for exchanging national currencies against one another. This global market allows traders to buy, sell, exchange, and speculate on currencies from around the world. Due to its global reach, the forex market is considered the largest and most liquid asset in the world.
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Index funds 101
An index fund is essentially a type of mutual fund or exchange-traded fund (ETF). Index funds are made up of stocks or bonds that strive to earn the same return as a particular index.
The pros of index funds include their good returns, lower cost, and their simple diversification. Some cons include their lack of flexibility, and they seldomly provide returns higher than the benchmark.
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How to create a mindset that doesn't give up
You are your most important ally, which is why it is incredibly important for you to be your own cheerleader and to rely on yourself for validation. This will inspire you to keep going when things get tough, and it will encourage you to not lose sight of what you want to accomplish in the future.
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Futures trading
A futures contract is a standardized agreement to buy or sell an asset at an agreed-upon amount at a future date. Futures trading allows investors to maximize the value of their assets while reducing the risk of financial loss due to price changes.
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Fundamental Stock Analysis
A fundamental stock analysis uses various data, such as revenues, earnings, future growth, and return on equity, to evaluate the value of a company and its potential for growth. This allows investors to buy stock that will be most profitable in the future.
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You don't have to be in one quadrant
The Cashflow Quadrant, popularized by Robert Kiyosaki, represents the various methods people use to generate income. It divides these methods into four categories; Employees (E), Self-employed (S), Business Owners (B), and Investors (I).
Most people earn income in only one Quadrant, while others earn in all four. According to Kiyosaki, one should never limit themselves to being in one Quadrant. And if you want to achieve greater financial freedom, Quadrant B and I are the best ways to get you there.
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Disicpline keeps you in motion
Motivation gets the engine started, but discipline moves the vehicle.
Discipline is the key to realizing your dreams because unlike motivation, it actually helps train your mind to focus on your goals despite how you might feel, pushing you to do what needs to be done.
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motivation!
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How to start your LLC
The best thing you can do for yourself is to turn your passions into profit by opening an LLC. Not only is this a great way for you to get an additional source of income, but it is also a great way to get tax breaks amongst other amazing benefits.
What are you waiting for? Open your LLC today!
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days of eating clean
For me, eating clean goes beyond getting into shape. It's about my lifestyle and the food I choose to consume being a direct reflection of who I am and what I stand for. The best advice I have for those trying to develop cleaner eating habits is to start gradually and be consistent.
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Learning from a bad investment
Sometimes bad decisions make the most valuable teachable moments. I made an unfavorable investment decision that landed me in a lot of debt, but from that situation, I learned to not rely solely on other people when it comes to making financial decisions and the importance of doing your due diligence.
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I became my own superhero
How do you become your own superhero? It all starts with visualizing the best version of yourself and showing up as that person every day. Figure out where you are, what you need to improve on, and map out your journey to becoming the best version of you.
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