Most trading coaches will only teach you the basics. A great one will teach YOU how to win.
The kindergarten basics to winning in the #stockmarket that we all need to know include stock selection, finding setups, and figuring out where to get in and out... Most traders and trading coaches stop there...
...this is why most traders fail. You want to run but you’ve barely learned how to walk.
The thing about the market and one of the reasons it moves how it does is that we all have different objectives.
Some of us want to make the most money possible and don’t care about the risk of ruin. Others want the most possible but don’t want more than a 20% drawdown on their starting capital.
In order to win in the market you need to understand yourself first. You need to be asking the right questions.
A great coach will help you ask and find the answers. Help you discover blind spots. Help you achieve your true potential!
Let’s chat 1 on 1 for FREE. Send a DM and let’s set up your first coaching call.
Superstar Supporters: Special Thanks to @finn_fx@rickophotog and @markus_heitkoetter You rock!! ⠀ ⠀
The only regret I have is: have not been started to really look for financial education earlier. I have been always pretty good to make decisions about cost/benefit/quality and save money. But used to be lazy 🤦🏼♀️ to take a deep study about finances and make the best with the money I have been saved. This is the kind of thing that nobody can tell you or do for you. Only 4 years ago I started to buy more bonds but didn’t control them as much as I should do. Eventually I used to sell part of them and reinvest in other ones with bigger returns. Or buy some few stocks. I know what are good returns for bonds, I know I need buy stocks and keep them like forever, I know I need be less conservative and now I also know what I must focus to improve my knowledge. Stopped the procrastination and I’m enjoying so much this “new” universe!!!!!! Thanks my amazing hubby and my big friend @erikabachini for show me that everyone can do it well! It’s a pleasure having people like you guys in my life ❤️ My intention with this is stimulate who hasn’t started to think about it yet to give it a chance, it’s nice!🌟 #financialeducationmatters#keepitsimple#loweryourcosts#startearly#everyonecandoit#stocks#bonds#emergingmarkets#simplyFI#selftaught#financialindependence
#Day 8 #lesson 9
Todays lesson will be on Power of Attorney
What is a 'Power of Attorney'
A power of attorney (POA) is a legal document that gives one person (the agent or attorney-in-fact) the power to act for another person (the principal). The agent can have broad legal authority or limited authority to make legal decisions about the principal's property, finances or medical care. The power of attorney is frequently used in the event of a principal's illness or disability, or when the principal can't be present to sign necessary legal documents for financial transactions.
A person appointed as power of attorney is not necessarily an attorney. The person could just be a trusted family member, friend or acquaintance.
DIFFERENT TYPES OF Power of Attorney'
There are different types of POAs that fall under either a general power of attorney or a limited power of attorney.
A general power of attorney acts on behalf of the principal in any and all matters, as allowed by the state. The agent under a general POA agreement may be authorized to take care of issues such as handling bank accounts, signing checks, selling property and assets like stocks, filing taxes, etc. A limited power of attorney gives the agent the power to act on behalf of the principal in specific matters or events. For example, the limited POA may explicitly state that the agent is only allowed to manage the principal's retirement accounts. A limited POA may also be limited to a specific period of time, e.g., if the principal will be out of the country for, say, two years.
CONTINUED IN NEXT POST
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Happy Monday 🤗
Monday’s can be the worst day for people, back to work. But actually Monday is related to the moon as in moonday. The moon relates to our emotions hence it can be a not so great day for many. #lawofvibration
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1 of the 5 cashflow strategies that we teach in our Income Shifting membership is Correct Tax Withholding.
The IRS says over 80% of working Americans have their W4 form filled out wrong and are overpaying their income taxes by about $300 a month.
This is the form you filled out when you first started your job. It tells your employer how much money to take out for taxes.
As a member you will learn how to fill out this form correctly. On average this has helped to increase members paychecks by $100-$600 per month.
For a limited time only you can get your Income Shifting membership started for the low price of $27.95 then $34.95 a month.
For the first 10 people who join me in #myecon today will receive an additional discount of $15. Allowing you to get started for only $12.95.
DM for join link and discount coupon.
1 78:49 PM Nov 23, 2018
Hello 🙂, Hope you’re having a great day and feeling excited. I want to extend an invitation to The East Orange Financial Learning Center located at 7 Glenwood Ave Suite 400, East Orange, NJ 07017 for 11/24/2018
You will learn a lot about financial concepts on retirement, Estate, & college planning for you and your family. Please me know if you’re available to attend tomorrow at 12pm. DO YOU TGIF?: Think Grow Intelligently Fast #IamMrFinance
#myEcon is The Personal Financial Success Company. Our mission to help people achieve personal financial success. We believe in focusing on your personal economy so you don't have to worry about the economy.
I am building a team of individuals and families who want to be financially independent and who will also take this knowledge and spread it throughout their communities helping others do the same. Will you join us?
Are you going let fear keep destroying you? Are you going let fear keep robbing your dream? It’s time for you to make the decision to annihilate fear out of your life forever!
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