Financial Peace Of Mind
As 2017 has drawn to an end and 2018 has begun, many of us have reflected not only on the previous year but also on what we desire in both our professional and personal lives. No matter what you do for a living, we all have something in common – we are looking for ‘more’. What does this mean to you? This could mean taking that holiday to the Bahamas you’ve always dreamed of or being able to afford that unexpected bill that arises. Or better yet, having the financial resources to do and have what you want in life. A common goal amongst many of us is to look for ways to increase our income.
The ultimate goal is to gain financial peace of mind.
Perhaps you enjoy your current job but with the cost of living increasing every year, you find it a struggle to make ends meet? Wouldn’t it be nice to not live paycheck to paycheck? Imagine the impact having financial peace of mind could have on your life – it goes beyond money and your finances. Everyone deserves to have financial peace of mind and it is achievable for each and every person reading this. If you are currently working full-time but are seeking alternative ways to increase your income, this article is for you. Learning to trade the financial markets is a practical way of boosting your income.
Learn To Trade Around Your Job
If you are considering learning how to trade to supplement your current income, you will be asking yourself the following:
- How much can you realistically earn trading the financial markets?
- Can you fit it around your current commitments?
- How much will you need to invest?
Trading Coach Federico Bustos provides insight into trading around your full-time job. It’s important to remember that you get what you put in – your earning potential is up to you.
Interview with Trading Coach Federico Bustos
Good morning Fed, we are keen to hear more!
Good morning! Let me start with this… I want you to understand that adding small, positive changes to your life will, in fact, result in fantastic results. Let’s apply this to trading the financial markets. Many traders are looking for the next big trade that can make them a significant amount of money. They are looking for a big trade to make them enough money for the month or maybe even the trade that is going to make them a millionaire! That’s quite clear with the current influx of people trading cryptocurrencies trying to seek a big payout. Many of these people don’t know how to trade and it’s likely that they’ll fail in the long run without having a trading education.
As a part-time trader, rather than looking for that one big profitable trade, which can be risky – it makes more sense for you to make smaller, consistent profits. Consistently add money to your trading account every single day carries less risk than chasing one-off big trades. It is achievable to earn a secondary income by following this method and still holding down your full-time job.
Imagine This Scenario
I’ll give you an example – imagine this scenario. You are currently working full time but are looking for a reliable secondary source of income. You decide to learn how to trade the financial markets. Say you started with a small trading account of £2000, you can make a significant profit by following your strategy and being disciplined. For example, as a beginner, part-time trader, you could start off with making £30 to £40 a day quite easily. That might not sound like a lot of money but that is a profit of £800 to £1000 a month on top of your monthly salary from your full-time job. Let’s look at two different perspectives:
You started with a £2000 trading account and have been consistently earning a profit of around £30- £40 a day resulting in an additional income of £800 to £1000 a month. If you consistently earn this amount of money, that is an estimate of £10,000 a year! Think of it this way – how likely are you to get a pay rise at your current job of £10,000 this year? You can earn this profit by trading part-time and only a few hours a week. If you want a substantial secondary income, trading is the way to go!
This is where the big secret of trading starts to come into action – remember we started trading with a £2000 trading account. If we add that £2000 to our profit of £10,000 we have £12,000. In your second year, if you are making 2% profit, that is £240 a day and over £4000 a month… that’s over £45,000 a year extra income! That’s a full-time salary! Imagine adding that profit to your current salary?
The Bigger Picture
When you are a beginner trader starting with a small trading account, it can be easy to ignore the bigger picture. Those initial small profits may seem insignificant but the reality is that your profit will very quickly add up and compound into your trading account. As I’ve said before, you get what you put in!
Another crucial factor is the psychology involved in it. Think about how confident and happy you will feel when you realise you can create a full-time salary from trading part-time. Add your trading profit to your current salary and you are on your way to financial peace of mind. Always keep in mind, it’s the little steps that will guide you. Your first profit, no matter the size, will be the first of many trades helping you to reach your end goal.
The method I explained is a very realistic way of making a substantial secondary income. Trading part-time and only a few hours a week can easily be fit around your current full-time job. The above scenario is an example and results will vary depending on a trader’s knowledge and dedication.You are in charge of how much you earn – you could well exceed that profit of £45,000 a year!
Thanks Fed for that breakdown – sounds very achievable!
How To Get Started
We have helped many students to earn a secondary income by trading part-time around their current jobs and commitments. Some of our students are full-time taxi drivers or stay at home parents and some even run their own business and still find it manageable to fit trading into their schedules and earn a decent profit. Click here to read student stories.
If you are a complete novice or even if you have dabbled in a bit of trading, and are looking for a way to increase your income, you must start with a trading education. Like with anything in life, the more you learn and practice, the better you become at it.
Our two most popular programmes are The Pro-Trader Programme and Mentorship Programme. Both Programmes are designed to give you valuable education, strategies, and access to a community of like-minded traders. Click the button below to tell us which courses you are interested in and a course advisor will call you to discuss your options. If you’d prefer to get started straight away with our beginner online trading course, Apprentice Trader, purchase here.
Don’t hesitate, make 2018 the year you gain financial peace of mind!