Connect with us

Blog

You Wanted to Become a Millionaire?

Published

on

A couple of days ago I wrote my reflections around my first investment to reach $1 000 000 in equity. I received an interesting comment saying:

Thanks for the honnest follow up.
But…….
You wanted to be a Millionair ??????.
With this investmemt that is not going to work.
You need to take risks for that.

This is not a dumb comment, it is exactly the comments I want on my posts. Comments that are challenging me on the choices I take. So I’m grateful for the comment and will explain why I believe I can become a millionaire with the investment choices I’m making.

Make interest rates your new best friend

As I explained in my previous post, I chose to invest my first 10 000 NOK (approx 1200 USD) in a corporate bond fund that has seen a 10% increase on a yearly basis. The corporate bond fund has a higher risk than governmental bond funds and money market funds, but its less riskier than placing your money in an index fund or stock fund. At the time being, I do not feel comfortable going into stocks or an index fund due to the record highs. There has been more than 7 years since the last recession, and I feel we can easily plunge into a new recession when the FED sells bonds they been using for quantitive easing. I might be very wrong, but this year I’m looking into less riskier investments.

When that is said, I’m not only going to invest in a corporate bond fund (for ever), but it’s better to have money placed in a corporate bond fund than in my savings account. I’m waiting on the correct timing to enter other markets, and I need to have patience for that (and CASH).

But still, I believe I could become a millionaire by just investing in corporate bond funds.

The math

Let’s say I invest 30% of my income in the same corporate bond fund I invested in, and let’s say that corporate bond fund will see a yearly ROI of 10%. I also believe I’ll be able to increase my income with at least 10% per year. So:

Year one

I will have 120 000 NOK in a corporate bond fund (10 000 NOK x 12 months). With a 10% ROI I would have a total of 132 000 NOK (after 12 months per investment, I’m simplifying the math here).

Year two

I will invest a total of 132 000 NOK in the corporate bond fund this year (10 000 NOK x 12 months x 1.1), making the total funds in the corporate bond fund 264 000 NOK, and after the expected 10% return, the fund will have a total of 290 400 NOK.

Year three

A total of 145 200 NOK will be invested of my income. The total funds will be at 435 600 NOK and after the 10% increase it will be 479 160 NOK.

Year four

Investing: 159 720 NOK
Fund size: 638 880 NOK
10% increase: 702 768 NOK

Year five

Investing: 175 692 NOK
Fund size: 814 572 NOK
10% increase: 896 029 NOK

Year six

Investing: 193 261 NOK
Fund size: 1 089 290 NOK
10% increase: 1 198 219 NOK

Year seven

Investing: 212 587 NOK
Fund size: 1 410 806
10% increase: 1 551 886

Year eight

Investing: 243 745 NOK
Fund size: 1 795 631 NOK
10% increase: 1 975 194 NOK

Year nine

Investing: 268 119 NOK
Fund size: 2 243 313 NOK
10% increase: 2 467 644 NOK

Year ten

Investing: 294 930 NOK
Fund size: 2 762 574 NOK
10% increase: 3 009 339 NOK

Year elleven

Investing: 324 423 NOK
Fund size: 3 333 762 NOK
10% increase: 3 667 138 NOK

Year twelve

Investing: 356 865 NOK
Fund size: 4 024 003 NOK
10% increase: 4 426 403 NOK

Year thirteen

Investing: 392 551 NOK
Fund size: 4 818 954 NOK
10% increase: 5 300 849 NOK

Year fourteen

Investing: 431 806 NOK
Fund size: 5 732 655 NOK
10% increase: 6 305 920 NOK

Year fifteen

Investing: 474 986 NOK
Fund size: 6 780 906 NOK
10% increase: 7 458 997 NOK

Year sixteen

Investing: 522 484 NOK
Fund size: 7 981 481 NOK
10% increase: 8 779 629 NOK = 1.02 Million USD

So..

As you can see, I’ve reached 1 million USD within 16 years. Of course I’m relying on a 10% ROI per year, which may not be the case, and I’m relying on a 10% yearly increase in investments, and I’ve not included capital gains taxes. However, it is possible to become a “millionaire” by risking less – even if it takes longer time. Some might say 16 years is a long time, but it’s really not. If you reach 1 million USD, it’s much easier to hit the next. More money means more possibilities.

This was just an example, and I’m pretty sure I won’t just invest in a corporate bond fund, and I also believe I’ll hit the 1 million dollar mark much sooner. The most important thing when investing your money is to: Never Lose Money.

What are your thoughts?

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.2 stars on average, based on 56 rated postsFounder of Hacked.com and CryptoCoinsNews




Feedback or Requests?

10 Comments

10 Comments

  1. NYoo

    April 30, 2017 at 5:03 pm

    Have considered whether this will be enough money for you in 16 years?

    I live in Los Angeles and frankly it would not be enough for me to live here in the way I’d consider comfortable. In the last 5 years, rents have gone from $1700 USD for 2bdm to $4000 USD. 2 bdm homes start at $650K and most at this price will need significant work.

    Even if I could get 10% interest per year, after capital gains taxes, I would be looking at $60K or $5K per month. No way.

    I’m not sure if you’re talking about retiring on $1mil a year but as you can see from the math above, I would need at least $2-3mil USD in order to live comfortably in LA.

    • Jonas Borchgrevink

      April 30, 2017 at 5:18 pm

      Hello,

      Interesting thought. My main goal is the following:

      – Having a cash flow of $10 000 a month (passive or semi-passive)

      – Having $0 in debt

      – Owning a decent home where I can live for the foreseeable future with my family (4 rooms, nice garden and community = approx. $1 000 000 in Norway)

      – Having a cash backup of at least $500 000

      You have to adjust your expectations and your goals depending on where you live and what you want to accomplish.

      What do you do for a living? I expect that you earn more than me since you are living in LA?

      And I’m not talking about retiring. I will never want to retire, but for me financial freedom is to be able to stop worrying about your own finances and that you have the freedom to do whatever you want to do.

  2. sambkf

    April 30, 2017 at 6:38 pm

    We inspiring. My mother wants to invest but doesn’t have time and the willingnesss to understand financial assets. Your blogpost gives me food for thoughts and a path to walk. Thanks !

    “financial freedom is to be able to stop worrying about your own finances and that you have the freedom to do whatever you want to do.”

    As an aparté along that line…
    The last of the ten richnesses Napoelon Hill identified is material wealth; of your own choice and quantity (ref: Think and Grow Rich). However poverty and want are the number one negative thinking seeds “the devil” relies on to control people and hold them away from their highest purpose (Ref:Outwitting the devil).

    • Jonas Borchgrevink

      April 30, 2017 at 9:28 pm

      Thank you for your nice comment. I’m very happy that I can spark some reflection.

  3. jacobss

    April 30, 2017 at 8:38 pm

    Hello Jonas,
    Thanks for the explanation.
    Your math for 16 years is best case scenario. But succes planning is important in this business.
    The 16 years can easily become 20 or more and inflation will take its part as well.
    I would suggest to spent 3 years full blast in Cryptos like Ripple and Lumens and a few decentralized as well. Give it a nice spread and as long as you make money ? don’t give up.
    If you find yourself in a year or 2 in the minus all ready then you can still swop to your “safe” way of investment.
    At this point I’m way ahead of my schedule so I continue with the cryptos
    I wish you good luck.
    Regards
    Jack

    • Jonas Borchgrevink

      April 30, 2017 at 9:30 pm

      Thank you Jack. Of course, it can easily drag on for the next 30 years, but still, I’m going to reach $1 000 000. I’m out of cryptos for now, for me it’s just too unsafe. But for others it might be the correct market to be in. That’s totally up to you to decide.

  4. JonasMertens

    April 30, 2017 at 8:44 pm

    Nice thoughts, but I’m a bit horrified by the mathematical simplifications and unrealistic assumptions in this piece. All in all I’m not sure you’re doing anyone a favor by publishing something that is so simplified that it loses its connection to reality.

    • Jonas Borchgrevink

      April 30, 2017 at 9:34 pm

      Hello Jonas,

      I’m not quite sure I follow you. Can you please elaborate why it’s so simplified it loses its connection to reality? My main purpose with this blog post is to show that you can become a millionaire by investing in low risk opportunities, such as a corporate bond fund. But of course, the math is simplified to make a point.

      If you can give me some more details of why I’m so wrong, I would be able to give you a better response.

      And I must say I disagree with the statement that I should not publish articles like these, as for me personally, it does give people an idea that they do not have to risk their entire savings account to be able to become a millionaire, it just takes time.

  5. johnathankelly

    June 4, 2017 at 7:14 pm

    Jonas, you have done the most important thing with creating wealth. You have gotten started. As time goes along, you will learn more and make other investments. You can only invest in what you feel comfortable with. As a man with a family, you are constrained in what you can do. As a single man, you can take more risk that a married man with child, can not.

    A word of caution. The corporate world is not as safe a you may think. With all the easy money that central banks have provided, corporations have been making bad choices in their investments. Instead of building up their businesses, they have been buying their company stock and taking the prices higher. Make sure to investigate the company to insure they can sustain the 10%.

    I live in the US and in 2011 I took a job working overseas. One thing many people don’t know is that if you work overseas, you do not pay taxes in your home country on the money you make in a foreign country. This is a great way to build wealth. Unfortunately, the US is the exception. After $100,000, we have to pay taxes.

    My plan was to work for 12 years and buy 2 4-plexes (4 unit apartment buildings) in the US. After 2 years, I realized that it was taking too long to save the money to buy the buildings. So I started learning about investing. Everything I learned, cut time off my road map. I read an author who has helped people become wealthy in 10 years by working and building their business on the side until the business’ earnings eclipsed their paycheck. Doing this, I am down to only 10 years and with crypto possibly only 8yrs.

    Keep learning, you will get wiser and reach your goal faster. With your two websites, you are already ahead of the game. Both websites will grow in popularity as crypto becomes more mainstream and bring in more income.

    • Jonas Borchgrevink

      June 4, 2017 at 7:23 pm

      Hello John,

      Thank you so much for your comment. Good ideas. I wish you all the best.

You must be logged in to post a comment Login

Leave a Reply

Blog

My CFD Journey: 72,000 USD Up Today

Published

on

Wow the indexes are falling globally now. Dax is down with 1% today – same as Dow Jones. I would love to do a short call on these indexes, but that have seriously hurt my financial standings previously since we still are in a “bull” market with earnings reports beating forecasts and macroeconomic numbers excelling analysts viewpoints. I only want to trade by using trend following, so even if the markets are down, I love to do short buy calls as they most likely will rebound to new ATH (all time highs). The reason for just doing short buy calls is that we might be on the tipping point to a bearish market, but that’s something I would like confirmation on from e.g. macro numbers, earning reports and such. Until then, I’m quick in and out.

Here is my results

Order Entry Price Take Profit Stop Loss USD Bank Roll USD % Change
Start 258 064,52
Day 1 25.01.2018 Dax Buy 13268 13274 13262 6 472,52 264 537,03 2,51
Day 2 26.01.2018 Dax Sell 13342 13318 13392 7 642,84 272 179,87 5,47
Day 3 29.01.2018 Dax Buy 13331 13336 13313 12 508,39 284 688,26 10,32
Day 4 30.01.2018 Dax Buy 13226 13233 13176 6 625,94 291 314,19 12,88
Day 5 31.01.2018 Dax Buy 13217 13230 13187 26 474,06 317 788,26 23,14
Day 5 01.02.2018 Dax Sell 13291 13265 13327 10 834,58 328 622,84 27,34
Day 6 02.02.2018 Dax Buy 12797 12825 12772 72 314,97 400 937,81 55,36

Using ProRealTime

As I wrote yesterday, I’m using IG.com to trade CFDs. They got a tool called ProRealTime that I started to use yesterday. It’s a great tool with many more indicators and tools, and best of all, you get a good look at your stats. Here is my stats so far on ProRealTime in NOK (1 USD = 7.65 NOK – click on the images to get a larger view):

As you can see from the image above, I got 8 winning trades and 1 losing trade. I tried to buy the dip on Dax but managed to enter a bit too early. The Dax index fell quite rapidly after I initiated this trade and I wanted to keep it open as long as possible as I knew a rebound would happen. But I was not comfortable enough to sit it through so I closed it. Still feeling certain that the price would rebound I entered a buy position yet again at what I thought would be the lowest low. And thankfully, that worked and it rebounded above my initial entry point for the first trade. To ensure that I got the profits I wanted, I did a third trade buying Dax when RSI showed a trend reversal (rose above 50). I closed the trades once I was happy with the profits and because I became nervous that the price would turn back down. Then I initiated the last trade of the day going long on Dax yet again.

Here is the total overview of my trades today:

I would again like to highlight that trading CFD is very risky, and I’m still significantly down in total these last 3 years.

My trading rules

  1. Only risk max 2% of my bank roll per trade.
  2. Have 0 active positions during the night (first of all, I lose sleep, second; you are charged an interest fee for leaving a leveraged product overnight.)
  3. Always trade on last month’s trend including the previous day(s). If they do not correlate, I will not trade.
  4. If one position is lost, I’ll double the amount (martingale) and do a second trade. I’ll only stop doubling after 3 consecutive losses.
  5. Do not think about lost trade opportunities.
  6. Markets to trade: Dax & Dow (minimum spread).
  7. Stay updated on economic releases prior to entering a trade.
  8. Do not have emotional ties to the money. I like to call them “points”.
  9. Only enter a position when an asset is overbought or oversold shown by both RSI & Stoch at the same time.
  10. Always write down your trades and elaborate what went right or wrong.

What is the meaning of this?

Why I’m I writing all these posts? My main goal is to find a working strategy trading CFDs and be able to mentor Hacked.com members and do live sessions together. However, I would like to keep going for at least one month until I feel comfortable that the strategy I have, actually works. I would rather lose my own money, than lose any of yours.

I wish you all a great weekend. We are going to visit our family this weekend and have a nice time.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
8 votes, average: 5.00 out of 58 votes, average: 5.00 out of 58 votes, average: 5.00 out of 58 votes, average: 5.00 out of 58 votes, average: 5.00 out of 5 (8 votes, average: 5.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.2 stars on average, based on 56 rated postsFounder of Hacked.com and CryptoCoinsNews




Feedback or Requests?

Continue Reading

Blog

Who Moved My Cheese?

Published

on

It’s been a while since I wrote a post. I’ve been busy with creating CCN.com and migrate CryptoCoinsNews.com over to the new domain with a fresh design. And It’s been Christmas with daily family dinners. I decided to quit my job at Wilhelmsen.com as a Digital Trainee. I’ve worked there for a year now, and with the growth of CCN and Hacked.com I had to take a choice. I want to make CCN and Hacked to one of the strongest crypto sources and our team is rapidly expanding. We are now more than eight full time employees and more than 20+ as part timers.

I also bought hvy.com in December, and I want to develop MoneyMakers.com into something more during the coming year. We are building a small media empire with a very decentralized structure. I love the team, and I especially love our dedicated readers and members.

I started 2017 by posting the following:

  1. My own longterm goals, what are yours?
  2. Join me to my first goal of $1 000 000
  3. My First Investment Towards $1 000 000

What is a bit ironic, is that I reached my “longterm” goal last year. It should have taken at least ten years, but I managed it in one. I managed it because of a few things:

  1. Dedication
  2. Team work
  3. Luck

Who would have thought that the crypto scene would blow up like it did last year? It was insane, and we still keep setting records.

Then to a few “lost activities” on hacked.com. The 33% club lost some steam this fall, purely due to my priorities at that time. I’ve still been investing, and I now have approx. 1 million USD in different assets (not cryptos). I will continue the 33% club from February and onwards, and I want you all to join. I will do a new post later in January with a better setup.

Then to my “Robot” affair. First weeks I made $5000, but then things started to go terribly wrong. I had multiple issues with using robots on MetaTrader 5 (I used Roboforex as my trading platform). One of the main issues I found was that the robots did well on certain days, but then when they made the wrong moves, I lost twice of what they originally made. And sometimes, my VPS went down and the orders were stuck until I manually exited them. Mostly with a huge loss. I do not think there’s any good robot out there where you can just leave your money and “forget them”. I’ve decided to focus more on investing my money in secure assets, stocks, indexes, and bonds. I’m still looking for the golden opportunity, and once I find it, I’ll share it with all the members on hacked.com.

Who Moved My Cheese?

I read a short book here the other day called Who Moved My Cheese? and it’s really worth reading. It’s stupid simple, but it’s so true. Basically it says that people who are stuck in the same patterns will end up depressed and “broke”. Your “cheese” or “money” will always be fluctuating, you have to chase it to new grounds. You might think that you can work for your employer until you die, but that will most likely be a terrible mistake. To believe that what you have now will be lasting forever. Successful people manage to change quickly, spot new opportunities, and move forward with their lives. I personally have experienced being stuck for a while, but now I feel free and I want to keep chasing the cheese in new arenas or mazes. Risk and failures are a part of your learning curve. Same can be applied in so many aspects of my and your lives. I recommend reading that book.

After I’m done 31st January at Wilhelmsen (my regular 9-5 job) I’ll focus more on Hacked.com and its community, and I’ll definitely write more and share my thoughts with you.

Thank you for a great 2017, now let’s make sure 2018 becomes even better for all of us.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
20 votes, average: 4.70 out of 520 votes, average: 4.70 out of 520 votes, average: 4.70 out of 520 votes, average: 4.70 out of 520 votes, average: 4.70 out of 5 (20 votes, average: 4.70 out of 5)
You need to be a registered member to rate this.
Loading...

4.2 stars on average, based on 56 rated postsFounder of Hacked.com and CryptoCoinsNews




Feedback or Requests?

Continue Reading

Blog

Searching for the Meaning of Life in Dubai

Published

on

Last week I traveled to Dubai with a group of people in Wilhelmsen, where I work as a Digital Trainee, for our third module in Design Thinking with Pracademy. We are a group of 24 people which Wilhelmsen considers to be Leadership Potentials. We are fortunate to be a part of this year’s company program, and we have all learned so much about ourselves. In this post, I will try to communicate what we learned during last week’s module. Be aware that this is a four months program, and it’s hard to get the feeling of it by just reading about it. But I hope I can share some of the knowledge that I acquired and get you more interested in improving your own life.

Find your passion and go all in!

Most motivators and teachers say that you need to find your passion, make work a hobby that you enjoy every single day. I have even caught myself saying that over and over again (on Hacked). However, as I learned during the sessions in Dubai, more than 80% of us do not know what their passion is. I started to wonder if I knew what my passion is. And I’m still insecure about that. I do know that I want to contribute to the world, I want to help and serve people. I want to create things that I know other people will love; I want to leave a footprint on this earth.

I often have this mind experiment where I picture myself as 80 years old with bad health in my nursing home. Do I think that I managed to get the most out of life? Am I satisfied with all the things I achieved? Or do I have regrets and feel remorseful? The goal for every person on this earth is to be satisfied with your life when you’re near the end. I guess most people aren’t in reality. And that’s a big shame. Some people might regret that they worked too much, had too little fun, too few good experiences with their loved ones, too few memorable memories.

I pray that I will be happy with my life and what I accomplished.

How to find your passion

If you do not know what your true passion is, there’s still hope for you. You can spend years trying to find your ultimate passion. Think of what makes you happy, what you enjoy or care for. My strong passion for creating things started in my childhood. I always drew new inventions on a piece of paper and started small kid businesses. I played music; I was a drummer in a nu-metal band, I started to sing and rap and create songs. I painted and used my creative skills to visualize my thoughts. I traveled during holidays and experienced new cultures, new food. Oh, I love good food. I love cooking a great meal for family and friends.

I could probably achieved anything that I had/have passion for. I could have been a:

  • Cook
  • Artist
  • Painter
  • Drummer
  • Entrepreneur

I chose to become an entrepreneur mostly due to financial possibilities. As being financially independent was and is very high on my priority list. But that does not mean that I wouldn’t have a meaningful life being an artist with less money on my hands.

Economist Angus Deaton and psychologist Daniel Kahneman researched happiness and money in 2009 where the focus was on US standards, and it’s population:

So, where does the $75,000 come into play? Researchers found that lower income did not cause sadness itself but made people feel more ground down by the problems they already had. The study found, for example, that among divorced people, about 51% who made less than $1,000 a month reported feeling sad or stressed the previous day, while only 24% of those earning more than $3,000 a month reported similar feelings. Among people with asthma, 41% of low earners reported feeling unhappy, compared with about 22% of the wealthier group. Having money clearly takes the sting out of adversities.

At $75,000, that effect disappears. For people who earn that much or more, individual temperament and life circumstances have much more sway over their lightness of heart than money. The study doesn’t say why $75,000 is the benchmark, but “it does seem to me a plausible number at which people would think money is not an issue,” says Deaton. At that level, people probably have enough expendable cash to do things that make them feel good, like going out with friends. (The federal poverty level for a family of four, by the way, is $22,050.)

So if you live in the US, a goal for financial freedom could be $75 000 or $100 000 as income per year. If you make more than that, you won’t necessarily become happier just because of the money.

However, if you make too much money and you are in an in-group where your peers make much less than you do, you can be in a situation where jealousy and envy will affect your life. And that is not a good feeling at all. I believe that the people in the middle of the scale live the happiest lives. There have been numerous cases where people that won in the lotteries have ended their lives due to envy and jealousy from their friends and family. Where they thought winning a lot of money would make them happier, while it only magnified their problems.

Empathy

In Design Thinking, empathy is a crucial part of the process. The ability to feel compassion for other human beings. To understand their problems, feelings, and emotions and to share their pain, grief, happiness or sadness. I know for a fact that I could be much more empathic and that is something I will improve. See the video below that shows what empathy is:

We saw this video in Dubai, which almost made me cry (we were in a particular mood..):

There’s so much going on in that video. Mo Cheeks felt empathy with the girl singing the national anthem, and he could feel compassion since he had a daughter at that age.

Things change when you get a child, for me that has a daughter who is seven months, I can relate to the video above. You might not.

What characterizes a great leader?

We did a session where everyone in the room in Dubai explained what a great leader is for them. The list included:

  • Good listener
  • Empathic
  • Understanding
  • Good motivator
  • + more

Most of the points we as leadership potentials defined as a great leader had nothing to do with “IQ.” Most of them had everything to do with “EQ,” emotional intelligence. It is mindblowing that we do not learn more about emotional intelligence during school, and that all businesses focus on “IQ” when hiring, not “EQ.” I believe that is skewed and is important to reflect upon.

Mindfulness

We also learned how to be more mindful. They encouraged us to use 30 minutes to sit quietly, close our eyes, focusing on the now. Breathing slowly and try to get as calm as possible. There’s scientific research on how mindfulness can help you become more happier, healthier and more successful:

And then one of the many guides on mindfulness:

Communication

We did a session where we were paired up to use mindfulness to listen and repeat. A was given 6 minutes to talk about a challenge at work, B was given 3 minutes to repeat what he/she heard, A was then given 2 minutes to clarify what B might have misinterpreted, B was then finally given 2 minutes to repeat what A clarified. This was a session that made me realize how easy it is to misinterpret. This can be used in every aspect of your life. It is so easy to misunderstand what a person is saying or meaning, so try to ask a question after a discussion: “Did I understand you right, that you want…” or “Could you please clarify what you meant by…”.

Writing

A professor of culture and psychology from South Korea gave us a session on writing. How writing in a notebook can help you learn better and understand what was communicated. From now on, I’ll always bring a notebook in meetings and write with my hand. Then I’ll add the written information to my computer later on.

Emotions

We often say: “I am angry.” That is a big mistake. We are not angry, but we do feel anger. So whenever you “are angry, sad, or irritated,” say in your head that you are “feeling angry, because..” and you will be able to control your emotions in a much more sufficient manner. Do not let the feeling itself take over who you are. You are not your feelings, you simply feel them and they will pass.

And Finally, you have the Siberian Railroad: SBNRR: Stop, Breathe, Notice, React, Respond.

 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
1 vote, average: 5.00 out of 51 vote, average: 5.00 out of 51 vote, average: 5.00 out of 51 vote, average: 5.00 out of 51 vote, average: 5.00 out of 5 (1 votes, average: 5.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.2 stars on average, based on 56 rated postsFounder of Hacked.com and CryptoCoinsNews




Feedback or Requests?

Continue Reading

5 of 15 Seats Available

Learn more here.

Recent Comments

Recent Posts

A part of CCN

Hacked.com is Neutral and Unbiased

Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com.

Trending