Financial freedom university – the day after

I just spent 3 days with a lovely bunch of freaks. I’m not normal in my frugal life, I know this as when I talk to anyone about Finance they just glaze over. So to get to spend my time with “others just like me” is always a joy, talking money and finance and business and success. We spent time learning about what we value and what we focus on, what we feed to give our juicy life meaning. I got to play a bongo drum within an orchestra of other ffu’ers teaching me that I can’t do this thing called life all by myself, I need a team around me to make the best kind of music.

I love to invest my money in my education, travelling and ETF’s.

I’m learning how to spread bet which is a massive learning curve, mostly its about mindset and teaching my brain to not react in the flight or fight mode when my share price falls, it’s not about winning and losing, its about pattern recognition and risk management.

I’ve always been a saver, but after reading Rich Dad Poor Dad and Transforming Debt into Wealth 12 years ago, my life changed. I remortgaged my home and bought an investment property, I set up our family budget for monthly expenses and set to work sticking to my plan. I was determined to be free of debt and earn income from assets instead of trading my time for money. It was a a-ha moment. 2 years ago I became debt free including my mortgage, I’d achieved my goal in 10 years. These last 2 years of no money worries has been life changing. I have an emergency fund, which meant that when my husband hurt his back last year and had 6 weeks off work, we had enough to live off without any problems. I can finally sleep at night without that constant worry.

I discovered the FIRE movement and the philosophy of spending less than you earn, investing in low cost Index funds through my stocks and shares ISA and pension and creating assets.

Ann Wilson The Wealth Chef, also teaches us about using assets to earn money, it’s the best form of income. If you can’t work you have assets that support you. Spending 3 days in her positive energy was amazing, I’m so happy to have had this chance.

 

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Stock Market Trading

So I’m at it again.  What?  I’m attempting to start trading in the stock market again.  Four years ago I went on a two-day training course that taught me all about spread betting.  I then spent four weeks losing money and fretting and worrying and sleepless nights chasing down the elusive perfect trade.

What?  I’m attempting to start trading in the stock market again.  Four years ago I went on a two-day training course that taught me all about spread betting.  I then spent four weeks losing money and fretting and worrying and sleepless nights chasing down the elusive perfect trade.

Four years ago I went on a two-day training course that taught me all about spread betting. I then spent four weeks losing money, and fretting, and worrying, and sleepless nights, chasing down the elusive perfect trade.

Oh!

Yes, you heard me right, I’m attempting to start trading in the stock market again, but this time will be different, as I am a completely different person now.

I had four sessions with a professional Forex trader who analyzed my bodged trades, pointing out the mistakes I’d made, and how to correct them moving forward.

Well, how did I do?  I’ll tell you.  I gave up and retreated into my cupboard of doom never to return to the trading platform again, or I did return to the trading platform one more time after I received an email from them saying that the final £9.50 in my account had been written off because I hadn’t done any trading in that year, oh! the final insult.

So now what?

So now I have attended another two-day stock market investment course, thinking this time it’ll be different because I have my head in the right place. Well, most of the two days were taken up with the very nice gentleman talking about how wonderful his life is now that he is a multi-millionaire, bully for you, he then went on to say about how he had turned his life around with stock market trading, spending years learning and crafting his skill.

Well I’m in the right place then surely?

The very nice gentleman tried to convince a room full of eighty people that he could take us on his apprenticeship course for £9000 and he would ensure we earnt one million pounds under his guidance.  It won’t be easy, it’s a lot of hard work, but we would get there with his wisdom and under his millionaire wing.

Well, did you sign up?

No, I faltered, I was trying to look at the £9000 as an investment in my abilities to follow orders.  But, I know me, I don’t do following orders very well, I’m a maverick, or something ending with “ick” at any rate.

I came home feeling a little light headed, have I dodged a bullet or have I passed up the opportunity of a life time?

So Monday morning arrives and there is an email in my inbox, I get about one hundred a day, so I wasn’t surprise to see emails per say, but this one said, “I’ve held a place for you Michelle”, so this time I hit the credit card and joined her.

Oh yes, I signed up to Financial Freedom University, Ann Wilson and her team will guide me through the world of personal finance so I can become financially free hopefully, so won’t feel a complete failure for not parting with the £9000 for the very nice gentleman’s trading course.

I am very optimistic, I’ve completed the first module, and so far so good, but I am only two days in, so watch this space.