The stock market, in my opinion, is one of the greatest income-producing and wealth-building vehicles in the world.
But it’s not for everyone.
So if it’s not for you, then what is?
Is it business? Or real estate? Or are you gambling on winning the lottery?
Whatever it is, there needs to be something. Not because you’re not good at your job.
But because the average job will never take you to the next place you desire to be.
Where Do You Want to Be?
I, for one, love my jobs. I love working with members of my services here at Traders Agency and giving them the opportunity to learn the things I wish I had along my journey.
I love going to the shop and turning wrenches from time to time. I don’t do it often, but I’ll tell you what… It’s very satisfying to repair and accomplish something with your hands.
I love buying, leasing and selling real estate. It’s been a passion of mine for many years.
And of course, the one thing I love the most is trading the market.
There’s something about it just being me and the market. Only one of us is going to be right.
Only one of us is walking away with the money at stake. It’s an adrenaline rush!
I can honestly say that I’ve been absolutely blessed in my life to do all the things I love.
As you can tell, I do quite a bit because “quite a bit” is what it takes to get it done. I could live very comfortably on just trading or even just one of the many things I do.
But I learned a long time ago that the average millionaire has at least seven streams of income. So, I knew I’d be busy the rest of my life.
Sure, there is plenty of aggravation that comes with all of it, but that sense of satisfaction and gratitude really makes it all worth it!
I’m a big believer in diversification and not having all your eggs in one basket. A wise friend of mine who is a financial planner once shared the analogy of having “dripping buckets.”
At the time I didn’t quite understand what he was talking about. Dripping buckets?
But after a while, I realized what he meant… Retirement planning was a matter of creating dripping buckets. Ahh, now I had a little grasp on it.
The idea was for a bucket to never go dry. Have that bucket continue to replenish itself faster than you were consuming the drips.
So, I thought, “Heck, I’m going to do that for my income.”
This way, as time goes on, my goal is always to just create another never-ending, dripping bucket.
And that’s what I’ve done. Everything I do in my life financially revolves around creating another dripping bucket.
As long as I just live off the drippings, the bucket doesn’t deplete.
So, I ask you again… If it’s not the stock market, then what is it? What are you going to do to build your dripping buckets?
Rules to Live By
“I can’t give you a sure-fire formula for success, but I can give you a formula for failure: try to please everybody all the time.”
― Herbert Bayard Swope
Until next time, I wish you a beautiful and blessed day!
Yours In Trading Success,
Anthony Speciale Jr.