Best way to financial freedom and high residual income?

GrindtooFilthy

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There's no best way. There are sound principals though.

For the average person, live below your means, put all of your disposable income into long term investing (10+ years) and set realistic short term goals i.e. have a hustle that covers your smallest bill similar to Dave Ramsey's debt snowball. But, to be frank, most people have too much quit in them.

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Also, OP, you can join this Theta Gang discord here since you're into options. -> Join the THETA GANG-Kamikaze Cash Discord Server!
Resend the invite
 

Kwabena

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Yes bro. That forex shyt is a joke

Invest in the stock market. Save save save. Use money to make money
 

Macallik86

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Yes bro. That forex shyt is a joke

Invest in the stock market. Save save save. Use money to make money
There are some pyramid schemes that use Forex classes/trading as a backdrop, but blaming Forex for that is like blaming the stock market for fraudsters pumping and dumping penny stocks
 

Reality

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I'm a big believer in capitalizing on inefficient / emerging markets...so I look out for them.

The Coli's actually been great in putting me on to them. Back in late 2017 or whatever they put me onto Bitcoin (I was late) but I ended up making pretty big returns on that one. I forget now but it was at least $5K in return coming back on a $5K+ investment.

The Coli also put me onto another market that I've got five figures in right now. "Investing" in political elections, but I've got a background in the field and pretty good intuition when it comes to certain aspects of American politics. Expecting 10% back on my money for about a month's worth of investment. Already made $1K on the VP pick on about the same investment. Basically I find markets where the other side is "dumb" money because of emotional investment or trying to make a buck too quick.

I could lose the $20K in the market I'm in and be OK though so it's a little bit of a strong hand.

Really get the fundamentals of investment and how to use debt to your advantage though, overall. Understand interest rates, risk, and return.
 
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