If you are wondering whether you should trade or not, I will give you three reasons why you should trade.
Reason Number One: You Can’t Save Your Way To Financial Freedom
I hear outlandish claims all the time from people claiming you can save your way to financial freedom, but it simply doesn’t work this way.
There are even some people who say that if you stop buying coffee every day you can save enough to become a millionaire.
Now, let me be honest, this is complete BS, I will prove it to you. I did the math, and I used a calculator from Dinkytown, which is a savings calculator.
Now let’s look at the numbers.
Say your goal is to have a million dollars in your savings account, you have 10 years to reach this goal, and right now you have already saved $20,000.
How long would it actually take to grow your savings of $20,000 to a million dollars if you stopped buying coffee every day?
How much does a latte cost, $5 maybe? Well if you stopped buying coffee for 30 days, you would save about $150 a month.
Let’s assume that we get an expected rate of return if you’re putting it into a savings account, as this is what some of these people suggest that you do.
They will tell you to just put it in a savings account or in an index fund. You’ll be earning what maybe 5%?
I hate to break it to you, but with a savings of $150 a month, earning 5% interest, it will take you 59 years to save up to a million dollars.
59 years and 6 months to be exact.
Let’s go a step further and say that, in addition to giving up buying coffee every day, you also stop going out, and can then save $500 a month.
Good news. If you saved $500 instead of only $150 a month, it would take you ONLY 42 years to get to your goal of a million dollars.
Look, I don’t know about you, but I don’t have that much time.
At my age, I don’t have 42 years, and most people that I talk to, and teach how to trade don’t have 42 years either.
So this is why, as you can see, you can’t save your way to financial freedom.
You must find a way to make more money and trading is a perfect way to do this. Now let’s move on, and talk about reason number two.
Reason Number Two: Trading Is The Ultimate Playing Field
Trading is absolutely the ultimate playing field, which is really exciting to me. What do I mean by “ultimate playing field?”
This means that when you’re trading, it absolutely doesn’t matter who you are.
It doesn’t matter whether you’re young or old, a man or a woman, or if you’re white, back, grown, green or pink – you get the idea right?
It doesn’t matter whether you’re a math genius, or you need a calculator to add two numbers together as I do. Those that know me, know I use a calculator for everything.
It doesn’t matter whether you’re a Ph.D. or whether you dropped out of high school.
This is why trading is the ultimate equal opportunity. When trading there is no discrimination. And you see everywhere else there is discrimination.
I found an article on Business Insider, that I want to refer to briefly, but I was shocked to see this.
So this is women’s annual earnings compared to white men.
According to this, Asian women only earn 97% compared to white men, white women earn 79%, black women 67%, and 58% for Hispanic women.
I’m not trying to get too political here, I just want to illustrate that we already know that in all areas of life, there is discrimination.
Not when trading, however. Keep this in mind.
When trading it’s not men versus women, or young versus old, or black versus white. When trading it’s the educated versus the uneducated.
The ones that win are the ones that have a system, the right tools, and the right mindset. These are the ones trading against the gamblers.
So trading is the ultimate playing field and this is why I love it.
Now before I started, you may have thought my top reasons were probably things like:
You can trade anywhere, you can do it anytime, and you will have a lot of free time and money.
Yes, all of these are good reasons, but I wanted to give you my top three reasons why I think that you should trade.
Reason Number Three: Trading Can Make You Money & Money Buys Happiness
I’m a firm believer that money CAN buy happiness.
Now, I know that this is controversial because people say, “Money can’t buy you happiness.” Based on my experience, they are wrong.
I will prove it to you. If you’re an avid reader of this blog, a subscriber to my YouTube channel, or are a member of Rockwell Trading, you know I’m always about the facts.
I have multiple trading accounts, and recently I was trading a small account live here on my YouTube channel using a trading strategy called The Wheel.
Many of you are already trading this strategy as well.
On this account up to this point, I have made $3,204, in a month. Even though this isn’t my main account, and is one of my smaller ones, $3,200 is not too bad.
Let me prove to you how money can buy happiness.
Let me ask you, do know somebody who is in a tough spot right now with everything that we have going on in the world?
Do you know someone who got laid off and couldn’t pay their rent? Someone who got sick and couldn’t afford to buy the needed medication?
What about somebody whose car broke down, and didn’t have money to fix it making transportation difficult?
So so let me ask you this. What if you could have given them $3,204? Do you think that this could have changed that person’s life?
Making $3,000 for me is nice, but it doesn’t change my life. But maybe you know somebody whose life we can change with this.
Very recently, I decided to give away that month’s worth of profits to a few people in need.
I had our members and viewers nominate someone they knew, who was currently having a tough time.
We received so many applications, and I reviewed the (heart-wrenching) submissions.
I picked the two candidates who I felt could use it the most, and I split the profits from this trading account and sent them a check.
It helped them out a great deal, and it meant the world to them.
So for me, this was very solid proof that money CAN buy happiness, and can change your life for the better.
I believe we have a responsibility to make more money to help not just ourselves, but others.
Money buys happiness and this is why I will keep doing it.
I’m doing this information out there because I want you to succeed. I want you to make money to give back.
There are so many people in need that you could help. Here is an example of one of the nominations for the recipient of the trading profits we gave away.
This nominee is a single mother of four children. Her son had a needed surgery a while back and she got stuck with a $9,000 bill. She’s getting garnished for this by taking $150 from each of her paychecks. She’s a nursing assistant and doesn’t receive all that much.
She wasn’t one of the recipients that I chose as the final two, but I decided to send her the money that she needed anyway.
Now doesn’t have to worry about her paychecks getting garnished for a whole year.
Here is an email that I received over the weekend, and it’s from a man named Robert, and it read,
“Markus, thank you for being you, brother! Could go into a long story about how ironic it is that I’ve been a Rockwell member for almost four years and finally started applying your trading rules in August of 2020, and had one of my best months ever.
But that’s not what this is all about. I would like to donate an additional $300 to whoever you decide to give the money to. I feel very blessed and just want to pay it forward. Let me know the best method to get the money to you. Thanks for your persistence and all you do.”
Why I’m showing you this e-mail? This is exactly what happens when we start making money together.
I know that people are probably telling you,
“You can’t make money with trading.”
Well, you know what? Prove them wrong. You can make money with trading. Is it easy? No, because you need three things:
You need the right strategy, the right tools, and the right mindset.
Together we can make a difference
Money buys happiness.
I believe we have a moral obligation to make as much money as we possibly can to be like Robert. I know that many of you are already donating. I mean, you have told me in these emails and I’m so, so proud of you for what you’re doing already.
Together we can make a difference. This is what this blog is all about, and this is what this message is all about.
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