Rubberband Theory - stairway of phi

The Rubber Band Theory

Rubber band Theory - stairway of phiLast month, I downloaded an application Stock Trainer for free from the Google Play Store, using it to attempt to turn a profit day trading using virtual money (so nothing real).  Throughout the month, I had great results - at one point having gained over a 33% return, ending the month with just over an 18% return.  Though on such a short term (and no 3 day wait period after 'sells'), I can't claim that this strategy will always work.  However, after having such good results, I determined it was time to take the play gloves off and try it again - this time with real cash!

Earlier this week, I registered with Robinhood - a fairly new, completely free, real-time stock trader.  (By completely free, I mean no service charge and NO user commission charges which is great!)

Having such a long wait period in between sells (unlike Stock Trainer, which allowed you to make a new buy instantly), I'm sure the way I handle the day trading will change in ways that I cannot currently anticipate.  However, I'm planning on going into it, implementing the strategy that did me so well last month - something I call The Rubber Band Theory.Continue reading

Formula To Wealth - Buddha

The Formula To Wealth - How Long to Attain It?

buddha - formula to wealthWe're here for the same reason - we want to be wealthy.  We want the power to live our lives independently and in control.  For us, money is more than a social symbol - it's just one more way of taking control of our own future!  I've discussed the three rules to acquiring wealth and the misconceptions surrounding income and riches, but even if you're applying everything I've talked about, you still have to wonder, "How will I know when I'm wealthy?"

If you aren't there yet, it might seem daunting to change your lifestyle to one more appropriate with attaining wealth, especially when it isn't really clear how long it will take to achieve that desired wealth - or if it's even worth it!  My goal in today's post is to shed some light on the mystery surrounding the time it takes to attain wealth.  Using the lessons learned from The Millionaire Next Door, I've devised my own series of equations to understand the formula to wealth and determine how long it will take you to attain it!

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