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- 3 Habit to Increase Your Stock Market Returns
3 Habit to Increase Your Stock Market Returns
The information contained here is educational, may not be typical, and does not guarantee returns. Background, education, effort, and application will affect your experience and the profitability of any business. Individual results may vary.This is not financial advice just education *
Hello Active Investors,
This week as the market declines we could see one of two things happen. This decline could start the selloff that goes thru Thanksgiving or the decline could be a short profit taking that sets up a move up into Thanksgiving.
Are you prepared for ethier, both, or none at all?
If your reading this newsletter I believe you are preparing for both.
Those of us that read newsletters and plan, while everyone esle is chilling; We are the ones that win in the market and take the money from those unprepared investors.
Those that follow the crowd never earn like the 1% of the rest of us do.
Habit #1
Build Your Own Market Journal
Everyone that is seriously after building wealth as an investor has a plan and that plan is a roadmap they follow that is built off the success of someone else who has proven that model.
That model only works if you have the confidence in your own abilities.
Confidence breeds making smart relaxed decisions and then you action taking is without trigger hesitation; that is how you win in the stock market.
I have built my wealth off the blueprints I “lifted” from Warren Buffett and Sir John Templeton; that is just the honest truth.
Ok no the honest truth is I stole them, but then tweaked them to fit my money and timing.
I did this by picking stocks that I would buy the whole company, if and when I had the money, then I tracked them and the market $INDU or $SP500 daily using a simple daily journal.
I just wrote daily in a cheap notebook after the 4pm close everyday.
At first I didn’t know what the heck I was writing or why, but I kept going and wrote daily why I think the market did what it did.
I was way off in the beginning but now I am able to use years worth of journaling to understand what could happen next in the stock market based off history.
The stock market is alwasy about figuring out a puzzle. The puzzle gets easier to see every time you put the pieces together.
The next stock market puzzle may have a different look but the basic structure of the pieces is similar and allows you as a prepared investor to have confidence in what is to come.
Habit #2
Frugality now buys your Freedom in the Decade to come
Listen to the future you, do you hear you yelling at yourself for the decisions you’re making right now or thanking past you?
Wealth is built in the stock market in decade chunks.
Imagine if you paid yourself a 10% tithe like a religion starting today?
Imagine if you had the disicipline to put back atleast 1/10th of everything you earned from the moment you made your first dollar?
I was able to save a massive amount of money from 11-20. Mowing lawns every day after school. You know what that money did for my future?
Actually it taught me a painful lesson because I blew threw it all trying to trade and get rich quick.. but it is was painful lesson I never forgot.
None of us can go back and save the money we already spent, but trust me when I say that you cannot rush the process of building wealth.
Payoff the debt, save 10% of everything you earn some how, and be prepared for the time your wealth stocks go on sell.
Habit#3
Become the Winner You’re Aiming to Be
Here are a few big successisms gurus love to use:
Do not put off for tommorrow what you can do today and you should end the day worn out from your grinding. Put the blinders on stay focused on your goal. Never let up until you’ve won! | Go hard or go home Start everyday waking up with the sun. |
You’ve heard the gurus talk about 10xing your life and grinding hard for a few years to live the rest of your life the way you want.
In reality I lived that thought process for most of my 20s and you know what I now believe.
If your not a professional athlete than just relax about the dang thing..
You will be doing this stock market thing forever… I mean until the day you don’t wake up, so while you have to be disciplined that doesn’t mean laser focused only on the stock market.
I try to coach people on working to get good at investing around their lives; not causing life to stop or missing out on life to get good at it.
I want to do 100 practice trades a week, but if life gets in my way I have stopped beating myself up about it.
Mainly, because if I do not show up then I do not lose my spot on the roster. I can still choose to reset the next week.
Let go of the stress of getting good at this tomorrow, next week, or this year.
It will happen over time so sutle you will not notice at first.
I am just not the guy that wants you to hustle your brains out. Most of you reading this are already seriously busy professionals with successful businesses and or careers.
The stock market should become a 2nd side buisness that overtime becomes more profitable than most anything you do.
I realized a few years ago that my wealth stack is going to be compounding for the rest of my life, so I will never reach my monetary goals.
If I put off living until I reach a certain point I may not even like the life I am living once I get to my destination.
Wealth building is not a race, it is not a marathon, it is a path you choose to walk down for life.
You build a plan, then you build the discipline to follow the plan, then you work on growing your educational understanding about the stock market daily so you can tweak the plan into more and more success along the way.
Beyond that live your life! Do not spend all day everyday trying to make up for lost time building wealth. Putogether a schedule for daily education that gives you 1-2 hrs a day then go out and live your life.
Reward yourself along the way as you have wins, break off a percentage and enjoy the good life that money can buy you and your loved ones.
Send me pictures because I want to enjoy knowing you won!
I believe in building generational wealth as much as anyone I know, but there is a bigger chunk of our(my wife and I’s) money that will be enjoyed by us while we are alive.
ONE ANNOUNCEMENT-
I am moving the newsletter to release bi weekly on Tuesday and Thursday until further notice. I want to give daily market updates but right now my time is to limited.
“ If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.”
- Henry Ford
I want to here from you, I have a simple form for you to let me know what your questions are about the stock market and building a stock market income.
Click this line here for the form
Or the button below
The goal here is for you to learn the edge that you need to begin building your families financial generational wealth change!
Your Friend in Success,
Robert M Morris
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