Monday, December 25, 2006
THE END GOAL
We all have to start somewhere, that's for sure. The fundamental idea behind Online Trading 188 is Compounding. The more periods we can compound, the better. This is because if we have more periods to compound (we're are younger, presumably), we should be able to "scalp" small profitable trades (which is much easier). The end goal in all of this is to build a sustainable PASSIVE INCOME stream and break the vicious cycle of trading time for money (or trading time for your boss to pay you!). The idea of passive income can be explained in these two excellent books Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!
and The Parable of the Pipeline: How Anyone Can Build a Pipeline of Ongoing Residual Income in the New Economy
. Check em out if to pique your interest further.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment