Read this article here
If you read the article carefully, it is beyond asking for the minimum wage to be raised up to $15/hour. It is the frustration that despite working in these laborious jobs, long hours of standing and overtime , yet they do not feel appreciated or compensated fairly.
I am a strong advocate of early investment and if I could rewrite my life chapters again, I would go back in time to start investing as early as I can. But life can only be live forward not backward so all those painful experiences of losses, business failures, scams, etc that I had gone through (I thank God for not forsaking me) had fortified my inner strength , build my resilience and reconfirm my purpose in sharing and helping people to gain abundance.
If you are earning $5000 a month, work that out to $31.25/hour (assuming you work 5 days a week, 8 hours a day). If after 10 years, your 5k/mth is still the same, then you are in trouble. Inflation alone would killed your purchasing power and as you progress in life, you would need to spend more.
If you can upgrade your skills, take up some courses and then find another job that say pays you 7k/month, then your hourly pay is now 43.75/hour. This increment can allow you to upgrade your lifestyle or have more money set aside for savings.
And for whatever reasons that you cannot increase your base pay from your active income (referring to your main job), then I would suggest learning as much as you can about investment.
Start small but start early if you can. Regardless how old you are, you can still play the game of investment. And let no "fake gurus" out there scares you that you need specialised knowledge, years of experience (we all start somewhere , don't we?), software, etc before you can dabble in stocks.
There are tons of materials out there online or from the public library that you can read up FOR FREE. Sometimes, too much choices can lead to analysis paralysis , well that for another topic some day.
Then go find an established broker and set up a live account. Good if they have a demo account as well so you can have a real feel using the virtual money they provide you. If your live account is 5000, no point setting up your virtual account with 1 million dollars. That is too far from your current state and either corrupts your mind to want to make money fast or easy or upsets your mind further with imbalances.
Match what your live account with your demo account. 5k in live ,5k in demo. That way, you can FEEL 100% if you win or lose money. At most, double it but not too far off that it feels distant.
There are so many good authors out there who provide good charts, analysis here in TV that one can read.
A few warning signs :
1. Never rely 100% on a tip from friend. ALWAYS investigate further. Sometimes, it can be a good tip off . Like this stock here and here Though my entry was much later, nevertheless I would not know about this company until someone asked me to take a look at the chart. You note that I neither short it in the beginning nor bought it earlier (on hindsight I should) but I took time to read up and find out more.
2. Invest with money you have - don't try your luck borrowing money from bank nor friends and think you have figured out the market. Leave those imaginations and hallucinations to the Hollywood movies. Stay grounded.
3. Expand your repertoire - slowly connect the dots - what has inflation to do with the economy ? Does politics affect stock market ? (Read Yoma here).
4. Set a goal :Proverbs 21:5
“The plans of the diligent lead to profit
as surely as haste leads to poverty.”
5. Learn from mistakes - review and restrategise - is trading short time frames suitable for your lifestyle ? Do you have to hide yourself in toilet cubicle to check price ? Is ETF too slow in performance ?
When you are not harping on your XX/HOUR job and have additional streams of income from your stock investment, you would not be so stressed. You can have more time to review your career goals, decide what courses to take , maybe take a year off to travel or do something you really like.
The most important thing is to invest your time per hour not thinking how much you can make per hour. That investment when well thought out and executed will help you to increase your XX/HOUR pay exponentially.
If you read the article carefully, it is beyond asking for the minimum wage to be raised up to $15/hour. It is the frustration that despite working in these laborious jobs, long hours of standing and overtime , yet they do not feel appreciated or compensated fairly.
I am a strong advocate of early investment and if I could rewrite my life chapters again, I would go back in time to start investing as early as I can. But life can only be live forward not backward so all those painful experiences of losses, business failures, scams, etc that I had gone through (I thank God for not forsaking me) had fortified my inner strength , build my resilience and reconfirm my purpose in sharing and helping people to gain abundance.
If you are earning $5000 a month, work that out to $31.25/hour (assuming you work 5 days a week, 8 hours a day). If after 10 years, your 5k/mth is still the same, then you are in trouble. Inflation alone would killed your purchasing power and as you progress in life, you would need to spend more.
If you can upgrade your skills, take up some courses and then find another job that say pays you 7k/month, then your hourly pay is now 43.75/hour. This increment can allow you to upgrade your lifestyle or have more money set aside for savings.
And for whatever reasons that you cannot increase your base pay from your active income (referring to your main job), then I would suggest learning as much as you can about investment.
Start small but start early if you can. Regardless how old you are, you can still play the game of investment. And let no "fake gurus" out there scares you that you need specialised knowledge, years of experience (we all start somewhere , don't we?), software, etc before you can dabble in stocks.
There are tons of materials out there online or from the public library that you can read up FOR FREE. Sometimes, too much choices can lead to analysis paralysis , well that for another topic some day.
Then go find an established broker and set up a live account. Good if they have a demo account as well so you can have a real feel using the virtual money they provide you. If your live account is 5000, no point setting up your virtual account with 1 million dollars. That is too far from your current state and either corrupts your mind to want to make money fast or easy or upsets your mind further with imbalances.
Match what your live account with your demo account. 5k in live ,5k in demo. That way, you can FEEL 100% if you win or lose money. At most, double it but not too far off that it feels distant.
There are so many good authors out there who provide good charts, analysis here in TV that one can read.
A few warning signs :
1. Never rely 100% on a tip from friend. ALWAYS investigate further. Sometimes, it can be a good tip off . Like this stock here and here Though my entry was much later, nevertheless I would not know about this company until someone asked me to take a look at the chart. You note that I neither short it in the beginning nor bought it earlier (on hindsight I should) but I took time to read up and find out more.
2. Invest with money you have - don't try your luck borrowing money from bank nor friends and think you have figured out the market. Leave those imaginations and hallucinations to the Hollywood movies. Stay grounded.
3. Expand your repertoire - slowly connect the dots - what has inflation to do with the economy ? Does politics affect stock market ? (Read Yoma here).
4. Set a goal :Proverbs 21:5
“The plans of the diligent lead to profit
as surely as haste leads to poverty.”
5. Learn from mistakes - review and restrategise - is trading short time frames suitable for your lifestyle ? Do you have to hide yourself in toilet cubicle to check price ? Is ETF too slow in performance ?
When you are not harping on your XX/HOUR job and have additional streams of income from your stock investment, you would not be so stressed. You can have more time to review your career goals, decide what courses to take , maybe take a year off to travel or do something you really like.
The most important thing is to invest your time per hour not thinking how much you can make per hour. That investment when well thought out and executed will help you to increase your XX/HOUR pay exponentially.
Note
Let's see tonight it will hold at the support zone or breakdown further
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.