The Truth About Time vs. Money - 5 reasons why money is #2 (The last one might surprise you)
- Why being good at math doesn’t matter when it comes to money.
- Money is attracted to THIS...
Recommended Link Dear Penny Stock Millionaire, Time vs. money … it’s an age-old battle that came to my attention again recently. One of my students tweeted about how much people spend on college just to get a job that doesn’t pay very well. Time vs. Money: What’s More Valuable? For me, time is more valuable than money. You don’t get time back. Ever. You can always make more money. (Especially once you learn a repeatable money-making strategy like trading.) But you NEVER get your time back. Think about it … Would it be more painful to lose several years or a lot of money? At least one study shows that losing time is more painful. So before you go and waste a whole lot of time, I wanna be blunt. Let’s start with... Two Nasty Facts About Trading Fact #1: The financial industry is full of negativity and hate. Fact #2: The financial industry is full of sketchy companies, fake teachers, and slimy promoters. Most people are very confused. And that’s why... Most Traders Lose Academic studies show that 90% of day traders lose money. The same studies show that if you stick with it long enough, you can get over the profitability threshold. Which is why your focus should be on becoming a self-sufficient trader. To do that, you’re going to have to study hard. But beware of learning from just anybody who claims to be a teacher… Many So-called Teachers Are Frauds or Fakes It might sound crazy, but it’s true. A lot of the people who supposedly teach trading aren’t real. Not all, but enough to make you question who to trust. Sadly, the worst fakes are those who say they teach for free. They lure in newbies who lose their hard-earned money without learning anything. That’s one of the reasons I spend so much time trying to deprogram them. Then there’s me, over here trying to explain… The Difference Between Time vs. Money Everything I do is to speed up your learning curve. I’m trying to teach you what I’ve learned the hard way over 20+ years. It’s not even a personal thing — it’s factual. There is a way to potentially make millions. It’s not easy or fast. I will teach you everything I’ve learned. But yes, you’ll have to invest in your education. And if you’re not ready to invest, I have so much free, no-cost, or low-cost training that you really have no excuse. But you will have to invest time. And whether you pay the market’s version of tuition or pay a teacher, you will spend money eventually. Nobody gets to financial freedom in the markets without spending both time and money. Your goal should be to cut down the time without paying the worst kind of price. And that means you have to learn to study the right way. The Extortionate Cost of a University Education There are colleges where you spend $40K or $50K per year! Like @felon_fred said in his tweet, people are spending $100K on college to make $60K per year. I think he’s being a little generous... I don’t know what kind of college graduates make $60K per year. But I know a lot who make $20K or $30K per year. Some might even make $40K right out of college. And a lot of those same graduates could be getting laid off right now because the economy is tough. Contrast that with three of my top students… Matthew Monaco and Kyle Williams graduated from college last spring and they’re crushing it.* Then there’s Jack Kellogg. He didn’t even go to college and he’s officially made $1 million in trading profits.* (*These results are not typical. Individual results will vary. Most traders lose money. My top students and I have the benefit of many years of hard work and dedication. Trading is inherently risky. Always do your due diligence and never risk more than you can afford to lose.) Did I mention student loans? Student Loans: Debt That Keeps on Taking Some people are in student loan debt basically forever. Even if you declare bankruptcy! Your student loans are only forgiven in exceptional cases. And it’s not an automatic process. If you think about it, it’s kinda weird. God forbid you want a better life for yourself or your family. Your student loan debt just keeps on keeping on... So the problem isn’t with me. It’s with the system. Maybe I should set up a trading university and charge a lot more. Maybe then more people would value their education. For me, I’m not looking for more students. My problem is finding more dedicated students. Some people actually say to me, “I don’t want to pay you, I’ll learn for free…” Buh-bye. You just saved me time. I have limited time. Time is more important to me than money. That’s the reality of time vs. money for me. Recommended Link Can These Two Men Save You from this Crisis? If you’re worried about the state of the economy and your investments in the market… Then you should watch this jaw-dropping new video below. Two of the smartest financial minds on the planet came together to discuss the state of the market… And what they both see coming will surprise you. Click below to see what these men have to say, then make up your own mind. | | Value Education or Condemn Yourself If you don’t value your education you condemn yourself to repeat the mistakes of the past. Why would you want to do that? I’m not saying you won’t make mistakes. You will. You’ll take losses on trades. But you don’t have to make as many mistakes or lose as much. You can learn from the mistakes I made because you can see what I did and where I went wrong. A great example is my biggest loss. I lost roughly $500,000 on one company. My first mistake was that I believed in the company. I bought the hype. It was all a smokescreen. Not because the technology was bad — turned out the technology was solid... But the company wasn’t run well. It was bleeding cash. (Read about my biggest loss in “An American Hedge Fund” — download it for no cost here.) What did I learn? Never believe the hype. Always expect the worst from these companies and you’ll never be disappointed. Stop saying, “But the tech! This company is going places...” Penny stock companies aren’t those companies. No matter how bad you want them to be. Trade the ticker. Take advantage of informational inefficiencies. But don’t invest in these companies. You’ll just get disappointed. Again, you have to decide what’s most important in the question of time vs. money. But understand that having money can give you the opportunity for freedom. If you have enough money, you get to choose how to spend your time. But it’s counterintuitive, because… Time Marches On Time is the most valuable asset in the world. Not money. You never get time back, no matter how rich you get. No matter how successful you get, time is always moving forward. And for too many people, it marches on without them paying attention until it’s too late. Imagine what it would be like if you had enough money to live comfortably for the rest of your life. What would you do with your time? How would you maximize your life? Once you see that vision of yourself, it gives you a reason to make enough money to break free. It won’t happen overnight — so don’t for one second think I’m trying to give you some BS get-rich-quick scheme. I’m not. This is about finding the fastest possible ethical and legal route to freedom. For Love or Money? One of the most important considerations in life is this: do you love what you do? If you find something you truly love, it will help solve the question of time vs. money. I’ve met more than one unhappy billionaire. Getting rich doesn’t make you happy. So you have to find something you love to do. For example, I love trading. But I’m even more passionate about teaching and donating to charity. So I’ve optimized my trading to teach and earn for charity. Not as a way to make money for myself. Recommended Link This Could Be The Most Profitable 9 Minutes Of Your Life A former Chicago lawyer is setting the investing world on its ear because he's developed a way to collect instant cash payouts of $410… $950… $1,050… and even $1,300 from the stock market... over and over again. Best of all, it only takes 9 minutes each week. | | Educate Yourself to Save Time Here’s another super important lesson when it comes to time vs. money… Getting the right kind of education will potentially save you time and money. Again, you could learn everything I’ve learned over the past 20 years all by yourself. But do you really want to take that long to do it? The other part of that is … what price do you want to pay for your education? And how will you pay for it? Will you pay a higher price in both time and money? Or will you choose to shorten your learning curve? Again, either way, you’ll have to pay. But the market will make you pay a much steeper price. The Best Deal Ever I can’t reverse time. But I can save you time. For that, I charge a little bit of money. But if you don’t understand that, if you don’t value my time, if you don’t value YOUR time… Then you get NONE of my time. That’s the reality. Again, you choose. Time vs. money — which is more valuable to you? Talk to you tomorrow, Tim Sykes Editor, Penny Stock Millionaires P.S. Now is the time to take action on this presentation Experts at Forbes, the Wall Street Journal, and BBC News have been predicting the collapse of China for years. Even Bill Ackman, one of the most brilliant bear market investors in history, signaled how prepared he was to make a fortune off of China's fall as early as 2015. But only recently has China's GDP begun to flatten and slow down… Traders recognize that that graph represents the beginning of a slowdown. And if you watch this video right now, you'll be prepared to take advantage. Be one of the very first to watch it here |
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