In which situation would you rather be in?

Which situation would you rather be in?

1. Doing something that you love but you have to live in pain and suffering for a while because of it.

or

2. Live comfortably and in ease but waking up every single day knowing that you’re doing something that you don’t love at all.

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How to utilise one’s life?

If you were going to spend a mighty proportion of your life doing something, would you rather be doing something that you like and passionate about even if you need to be facing some extra hardships and pain?

Perhaps choosing what you like doesn’t apply at all? Perhaps choosing the most stable and safest option is the way to go?

One might argue that we need to make some sacrifices in our lives and we are sometimes faced with the challenge of not being able to do what we want to do. However, the need to go through the hardships and pain in the pursuance of your passion is a sacrifice in itself, no?

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The two B’s in Trading (Equities, Derivatives)

I’m not too sure whether I got this from a book or I thought of it myself. Anyhow, in trading, I believe that you need to possess the two B’s. What are they? Well, they are:

1. You need to be BOLD

Being bold is indeed very important in trading. You need to be able to make out what’s happening with the market, be if you’re a believer in fundamental analysis or technical analysis. Often also, you need to make split second decisions.

2. You need to have BALLS

Being gutsy is also very important. Without this quality, you’ll freeze in front of the monitor, I promise you that. Plus, you need a lot of bravery to see your trading money whipsawing every other day.

So, if you’re a trader out there, do you possess these two qualities? As for me, I still need to do a heaps of work in expanding my BOLDNESS and enlarging my BALLS, so to speak 😉

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Who’s richer? Siapa lagi kaya? Part 2

Part 1 is located here.

Now, consider this:

You earn a salary of $10,000 per month and your expenses amount to $9,900 per month. You live an extravagant lifestyle, accompanying yourself with a the latest gadgets and machines, expensive cars, and etc.

Your friend earns a salary of $2,000 per month and his expenses amount to $1,500 per month. He lives a modest lifestyle.

Assume also that other things remain constant (ceteris paribus).

Now, the big question. Who’s better off?

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Who’s richer? Siapa lagi kaya? Part 1

Here’s something to think about.

Consider this:

You own a one-billion-dollar asset, fully financed by the bank. i.e. you took a loan of $1 billion, thus owing $1 billion.

The homeless person you usually see on the streets has no assets at all and has no debts.

Assume also that other things remain constant (ceteris paribus).

Now, the question is, who’s richer?

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