The Stock Market is a TERRIFIC source of "Earned Income."
Earned Income is defined as any income that is generated by working. Now what makes this different to MOST 9-5 jobs, is that is has the potential to SCALE. Take this example:
Joe works at a fast food restaurant as a cook making $12/hour. He works 40 hours a week and sometimes 50 hours to be able to pay rent. Michelle on the other hand trades the stock market and makes $7-13,000/month while only sitting in front of the computer for 15 hours A WEEK. You can buy 1000 shares of stock at $1 for a 10cent ride to $1.10 and sell and make $100. You can also buy 10,000 shares and do the same thing and make $1,000. You can't do that with a 9-5 job.
Joe works at a fast food restaurant as a cook making $12/hour. He works 40 hours a week and sometimes 50 hours to be able to pay rent. Michelle on the other hand trades the stock market and makes $7-13,000/month while only sitting in front of the computer for 15 hours A WEEK. You can buy 1000 shares of stock at $1 for a 10cent ride to $1.10 and sell and make $100. You can also buy 10,000 shares and do the same thing and make $1,000. You can't do that with a 9-5 job.
You can become a millionaire trading the stock market. You can't become one by flipping burgers...unless you save your whole life and then when you retire you'll be a millionaire and won't be able to enjoy any of it since you'll be in a retirement home with no ability to travel around the world because your legs aren't what they used to be and you need medication every 4 hours. That went 0-100 and I'm sorry for that darkness. It's the unfortunate sad truth. I'm here to show you a new light.
There are plenty of videos on YouTube that you can start to watch from many traders. There are several chatrooms you can join as well. I recommend learning from Timothy Sykes or DekmarTrades. Now of course, every trader has a different mentality when it comes to trading. So you'll have to figure out what strategy you like the best. I started with Sykes, and now I'm with DekmarTrades. |
I have not dipped my feet into the Forex/Options realm but I'm sure those can be profitable as well. There aren't many people trading either of those because you don't have a true advantage. Another form of investing that is REALLY HOT now is cryptocurrency!! I have a couple bucks in BitConnect but I'll cover that over on the "Passive Income" page.