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Manage episode 152573508 series 1063725
על ידי Joshua Belanger התגלה על ידי Player FM והקהילה שלנו - זכויות היוצרים שמורות למפרסם, לא ל-Player FM, והשמע מוזרם ישירות מהשרתים שלכם. הירשמו כדי לעקוב אחר עדכונים ב-Player FM, או הדביקו את כתובת העדכונים באפליקציות פודקאסט אחרות.
This morning I was reading an email from my friend Tom Sosnoff over at tastytrade. In his daily email to readers, he wrote a little blurb about why people hire professionals to manage their money, rather learning to do it themselves. While our mission is the same as teaching active investors how to creates success with trading options, I don't entirely agree with what he wrote. He believes people do it because it's cheaper to buy their way out of the responsibility for learning than to do it. What he means is that people rather pay someone else to blame if things don't work out rather than take on the responsibility themselves. While some of this is true, I think there's more to it than that. Some people are lazy and they want to blame others no matter what, that's life and it's their choice. That has no bearing on what we are after and you should be thankful for people like that because it makes it easier for us to get what we are after. Thankfully, we live an a world where full of freedom and choices. Our economy works by this simple notion, someone's spending is another person's income. Our economy wouldn't be as productive as we are if we did everything ourselves. However, there are a few things I believe every person must learn to do themselves. The first one being, managing their money and investments. If you had a child, would you hire some other family to raise it? No! Right? You want to grow with that child and be involved as much as possible. There's no guarantee your child is going to turn out to be successful or a productive member of society when they grow up. All you can do is teach them all the right principles and knowledge to have a better chance of making the right decisions. Money and human life aren't the same, but I think you can understand what I mean, right? Good. You worked hard to create value in exchange for that money and now you have to protect it. In some cases, protecting your money is just as tough as making it. Just like a child, you can't protect it by locking it in a closet. Just like the financial markets, you can't control it. Being a good parent is similar to being a good investor, you focus on doing the right things and let the probabilities work out. Being a parent is tough and why I think creating success with taking money from the market is easier and clearer. You can focus on what has been proven to work and eliminate the noise of opinions. If you haven't figured out the right approach for your money with protecting it and know how to take money from the market using options; then this is going to be your favorite bedtime story every night. http://www.FearlessInvestingWithOptions.com To your wealth, freedom & options! Joshua Belanger