Hello everyone,
This is the first time I post a thread in this forum, even though I read the TMF many years ago.
I don't know if ever happened to you, when you feel like you have knowledge enough to build something, that you are specialized in one niche, but you lack creativity or a plan so scale it. That is exactly how I feel. And it's frustrating me.
I am a 28 year old guy from Spain. Since I was 18 I always had very clear that I didn't want to depend on the salary of a 9-5 job, so I started with arbitrage betting while at was at University and scaled 500$ to 20,000$. I spent some of those in traveling, and learnt how to trade stocks, fx, crypto, commodities.. with the aim to keep growing my net worth. Afer struggling many years I managed to convert them into 300,000$.
Day trading allows me to save the 100% of my wage from my 9-5 job (3,000$/month) since I'm only spending a part of my trading monthly profits. Obviously, there are good months and bad months, good strikes and bad strikes, but I manage to keep saving money at a good pace.
Overall, I am in a good situation and I can have a decent lifestyle, but I need to find a plan to scale everything out. I feel afraid to leave my corporate job and focus on trading, because it is stressful and I don't know how my mind will react after a bad strike given that I will not have a fixed wage income every month. At the same time, trading depends a lot on market conditions, and market conditions are not always "trading-friendly". Plus, I have to put time on it. That means that overall I work 9 hours per day (1h to go / come back from the office), plus 2 hours per day on my trading (setting up plans, alerts, being up to date with the market trends...). That is 11 hours per day + 1,5h (gym), + 7h (sleep). That is 4,5 hours per day left, which I use for socializing and growing my Twitter account.
My problem is that I do not have any passive income. I am not near the fast line. Im trading my time for money in everything I am doing, even if the money is somehow decent. I need a plan to change this situation.
My area of competence is trading / investing. I thought about growing my Twitter account and when I have enough followers to build online courses and to promote them there, but there are so many of them, specially nowadays, that I don't know if it's a good idea anymore. Also, some guys share this information for free on YouTube / Twitch.
I guess in this life you have to become very good at one thing. I am passionate about trading, I enjoy trading, I am objectively decent in this space, but: 1. I don't have balls to leave my corporate job and try to work things out and 2. I don't know if building online material and selling them is a good idea anymore given the overbooking of this kind of stuff.
Sorry if this thread is kind of messy, but I would love to get inspired by anyone who has been in a similar situation: Found his passion, got decent at it and... found a way to monetize in a scalable way.
This is the first time I post a thread in this forum, even though I read the TMF many years ago.
I don't know if ever happened to you, when you feel like you have knowledge enough to build something, that you are specialized in one niche, but you lack creativity or a plan so scale it. That is exactly how I feel. And it's frustrating me.
I am a 28 year old guy from Spain. Since I was 18 I always had very clear that I didn't want to depend on the salary of a 9-5 job, so I started with arbitrage betting while at was at University and scaled 500$ to 20,000$. I spent some of those in traveling, and learnt how to trade stocks, fx, crypto, commodities.. with the aim to keep growing my net worth. Afer struggling many years I managed to convert them into 300,000$.
Day trading allows me to save the 100% of my wage from my 9-5 job (3,000$/month) since I'm only spending a part of my trading monthly profits. Obviously, there are good months and bad months, good strikes and bad strikes, but I manage to keep saving money at a good pace.
Overall, I am in a good situation and I can have a decent lifestyle, but I need to find a plan to scale everything out. I feel afraid to leave my corporate job and focus on trading, because it is stressful and I don't know how my mind will react after a bad strike given that I will not have a fixed wage income every month. At the same time, trading depends a lot on market conditions, and market conditions are not always "trading-friendly". Plus, I have to put time on it. That means that overall I work 9 hours per day (1h to go / come back from the office), plus 2 hours per day on my trading (setting up plans, alerts, being up to date with the market trends...). That is 11 hours per day + 1,5h (gym), + 7h (sleep). That is 4,5 hours per day left, which I use for socializing and growing my Twitter account.
My problem is that I do not have any passive income. I am not near the fast line. Im trading my time for money in everything I am doing, even if the money is somehow decent. I need a plan to change this situation.
My area of competence is trading / investing. I thought about growing my Twitter account and when I have enough followers to build online courses and to promote them there, but there are so many of them, specially nowadays, that I don't know if it's a good idea anymore. Also, some guys share this information for free on YouTube / Twitch.
I guess in this life you have to become very good at one thing. I am passionate about trading, I enjoy trading, I am objectively decent in this space, but: 1. I don't have balls to leave my corporate job and try to work things out and 2. I don't know if building online material and selling them is a good idea anymore given the overbooking of this kind of stuff.
Sorry if this thread is kind of messy, but I would love to get inspired by anyone who has been in a similar situation: Found his passion, got decent at it and... found a way to monetize in a scalable way.
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