There’s only 3 ways to get rich:
1.) Trading Stocks and Options with a proven plan
2.) Investing in Real Estate
3.) Running a successful business
(Well, to be fair, there’s a few other ways to get rich, but since I’m not as cute as Kim Kardashian, I stick to the 3 ways I mentioned above)
I personally do all three:
I trade stocks and options…
I own several rental homes and two apartment complexes here in Austin (show picture) …
And I’m running a successful business.
And even though all three are making me money, I like trading stocks and options best, and here’s why:
… you don’t have any employees,
… you don’t have to deal with vendors,
… you don’t have any boring meetings (although the meetings at Rockwell Trading are fun!)
… you don’t have deadlines that you need to meet
… you don’t have to deal with leaking water heaters or AC units that go out
… you don’t have to deal with HOA or city ordinances
… you don’t have to deal with non-paying renters and evictions
… and the list goes on.
If you run a business or have rental properties, you know what I’m talking about, don’t you?
On the other hand, when I’m trading, I’m just looking at my charts, make my trading decisions and I’m done. These days I only spend 10-15 minutes per day looking for the best opportunities and managing my positions – that’s it!
And yes, it’s fun to check my positions on my phone throughout the day, but there’s nothing I need to do.
At the end of the day I check where the markets closed, and then I make my decision for the next day.
Easy enough, isn’t it?