“If you can’t take a small loss, sooner or later you would take the mother of all losses”
Ed Seykota
My advice to young people just starting out: Make a list of everything you want and spend the next 10-15 years getting it piece by piece. Work hard, save and invest. Forget about flash until you truly can afford it. Build your trading account, not your car or watch collection.
How to build income from assets:
Dividend ETFs/stocks
Bond ETFs
Selling option premium
Trading systems with an edge
Rental property income(AirBnB)
Rental cars(TURO)
Book Royalties
Website advertising
Podcast advertising
Youtube channel
Vending machines
What is your favorite?