50 days of Youtube

If you go through these 50 days, you would know almost all you need to know about managing your finance.


Day 1: How to Retire Early



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On... My Business Model

 Last post , I wrote that trading should be done like you're running a business. If so, what kind of business would I be running?  The business model that I best want to replicate is a casino business ( see this video , if you want to skip the rest of the blog post ). Most people that I talk to, thinks that investing or trading is a form of gambling. Is trading or investing really gambling? This topic is rather divisive and it depends on who you ask. Well if it truly is gambling, I would want to play the part of the casino, because as they say, the house always wins.  How does the casino make money? By having a positive expectancy.  They don't have to make money on every bet, but over large number of bets, the profit has to be bigger than the loss. In terms of trading, my winning percentage is not really that great but as long as the average winners are bigger than the average losers, that is good enough. Year to date for 2021 ( over 133 number of trades ), my winnin...
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FIRE – Financial Independence Retire Early. The popularity of the movement is largely due to the efforts of Mr. Money Moustache. Of course, financial independence and early retirement is nothing new, I have (and many before me) been thinking about financial independence ever since I started working more than 10 years ago. I must admit by just thinking and without concrete actions, I am not there yet with this ‘FIRE’ thing. Mr Money Moustache retired at 30, therefore I’m definitely too old to beat that record. It won’t be possible for me to retire at 30 (although I consider myself semi-retired at this point); realistically financial independence in 15 to 20 years’ time would be a viable target. Financial independence and early retirement can mean a lot of different things to a lot of different people. For me, it would mean paying off our mortgage and to have enough in the nest egg generating passive income. So how much would I need? I would refer to the 25x Rule. Of course, circu...
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On... Running a Business

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