I have 3 sources of income: Job income, Investment income, Trading income. On the total aggregate income, I take a % to use as expenses for the next year.
The rest of the income is fed into my investment portfolio and trading accounts at 75%/25%.
There is a sweet spot % of income to use for expenses, taking into account your investment/trading income, that will maximize your total expenses over a given period in life (thus your income).
This is my approach to having investment/trading as a source of income. I am fully aware that it will take at least another 2 decades for me to gather job income and employ compounding effects before I can even start to think about totally dropping my job.
I'm only 25 but started with Forex interest about 5 years ago. I have decided to go to university instead of fully focusing on becoming a full-time trader. It feels important to have both a plan B and a potential job income stream.
The rest of the income is fed into my investment portfolio and trading accounts at 75%/25%.
There is a sweet spot % of income to use for expenses, taking into account your investment/trading income, that will maximize your total expenses over a given period in life (thus your income).
This is my approach to having investment/trading as a source of income. I am fully aware that it will take at least another 2 decades for me to gather job income and employ compounding effects before I can even start to think about totally dropping my job.
I'm only 25 but started with Forex interest about 5 years ago. I have decided to go to university instead of fully focusing on becoming a full-time trader. It feels important to have both a plan B and a potential job income stream.