What would you do if 25 yrs old?

Stephen Covey put it well when he said:

"Begin with the end in mind."

He introduces this mindset with an exercise in visualization. It goes like this:

"In your mind's eye, see yourself going to the funeral of a loved one. Picture yourself driving to the funeral parlor or chapel, parking the car, and getting out. As you walk inside the building, you notice the flowers, the soft organ music. You see the faces of friends and family you pass along the way. You feel the shared sorrow of losing, the joy of having known, that radiates from the hearts of the people there. As you walk down to the front of the room and look inside the casket, you suddenly come face to face with yourself. This is your funeral, three years from today. . . .

As you take a seat and wait for the services to begin, you look at the program in your hand. There are to be four speakers. The first is from your family. . . . The second speaker is one of your friends. . . . The third speaker is from your work or profession. And the fourth is from your church. . . . Now think deeply. What would you like each of these speakers to say about you and your life? What kind of husband, wife, father, or mother would you like their words to reflect? What kind of son or daughter or cousin? What kind of friend? What kind of working associate? What character would you like them to have seen in you? What contributions, what achievements would you want them to remember? Look carefully at the people around you. What difference would you like to have made in their lives?"

Covey's point is that if you start at the end and work back from there, you will see things in an entirely different light. As he says, "By keeping that end clearly in mind, you can make certain that whatever you do on any particular day does not violate the criteria you have defined as supremely important, and that each day of your life contributes in a meaningful way to the vision you have of your life as a whole."
 
Quote from Achiever:

Stephen Covey put it well when he said:

"Begin with the end in mind."


I'll be blessed, if at the end of my life, I have nothing to regret. Hopefully, I'll not say something like: "I wish I have done that blah, blah, blah........; I wish I did not do that, blah, blah, blah............, etc"

:p :p :p
:D :D :D
 
Quote from omcate:



I'll be blessed, if at the end of my life, I have nothing to regret. Hopefully, I'll not say something like: "I wish I have done that blah, blah, blah........; I wish I did not do that, blah, blah, blah............, etc"

:p :p :p
:D :D :D


AMEN!!!
 
Interesting...both Bubba and Jack drive 12 cylinder BMW's and are both about 70...Or did I miss something and Jack declared himself Bubba...
 
Quote from Scientist:


What a fantastic post! Very wise and very moving!

1. Great point. I'd still like her to be reasonably beautiful and intelligent, though. It's all about better genes, when it comes down to it. It's not an easy combination to find. And why marry? Thanks for your feedback.

2. Nice. But what's the point in being completely frugal in your youth to have money when you can't enjoy it that much any more? I still enjoy driving a sportscar and having a good time...

3. Absolutely agree. I never use debt. I pay cash. Period.

4. Yep. I almost never drink, will never smoke. No other drugs, either. Besides, I must keep fit.

5. Wise words. I'll just give them a call... :)

6. Pure truth. I would never risk a 25% drawdown. Actually, 2.5% would be offensive to me. And I'm doing well - consistently.

7. Sadly, yes. You cannot get rich working for others. I started my own business with 18 (Jewellery Design, Manufacture & Retail), from essentially nothing, eventually took gains and slowly transitioned to my dream of having a trading business. My next dream might be an official trading fund to trade for others (even my parents), sharing my returns. However, I'm not sure yet since that might compromise my sense of freedom.

Myself, I would like to add my primary belief that you must set goals in order to achieve something in life. It's crucial.

Another one is I firmly believe that you must consistently seek growth of knowledge, even more so than capital. Money is just an idea, but knowledge is true wealth and power.

I appreciate any further feedback on this issue. Myself, I am 21 years old now and I day-trade nasdaq stocks, emini-and full contract futures from home, mainly in The U.S, but also the Sydney Futures Exchange (local), the Eurex, DAX, CAC, HKFX, depending on what time of the day I feel like trading. I do not position trade or hold overnight.
Besides I still have my Designer Business. I still spend several hours a day on study. Markets - everything.


Yours Sincerely,
~The Scientist :cool:
==================================
[a]Note number 5 which is honoring your parents;
telephone or polite note works well..

Better to spend some nights watching Hillsong Australia television with Brian Houston + Darlene Zschech.
:cool:

[d]Reread books 4
more +more
of Jack Schwagers books [3 top trader books + 1 tek Analysis book + explore ''books''on elitetrader.com]

[e]Realize a planned counter trend trade can make a profit;but less stronger , less longer.

[f-y] Plan- Trend =friend;prefer more than a .10 daytrade
but the principle = same, plus fewer commissions.
+==========================================

[z]''In all labor there is profit'' Solomon,trader king.















:cool: :cool:
 
Quote from bubba7:




Better tell you right off; I'm 70.

25 is a good point to do a self check. At 25 I generally had a good life and strategy for living so I would not make any changes were I to go back. I had to work my way through two degrees and my depression oriented parents did not want me to take on debt. I had up to four part jobs and a full schedule for 6 years to get that done using their advice and not their funds. I only ate two meals a day then, but I did always work in the student cafeteria so eachmeal was unlimited.

Here is what I see.

Money is easy to come by. Especially if you know its value from earning it with no skills for a few years. Learning the value of money is a personal effort; no one can tell you about that.

Time is more important than you think. Unlike money which can be recovered, time cannot. Do not waste time.

You will never loose in court when you are getting money back if you always keep your integrity in tact. There are no integrity short cuts.

As you spend time be sure you are learning correctly. Self learning is the only kind. So always try to figure out when you are learning something wrong. Here that mistaken math statement by the guy everyone liked was a kick!!!!

Always go first class; there is no other way.

Accidents will happen so learn soon the value to you of other people. Teen age drunks change families in a minute. You will miss what is gone forever and it is okay. Always go the extra distance and always be grateful when it is still possible.

With children there is only one rule and it applies to everyone it turns out. "It's not what you say its what you do and when you do it for them." They set the timing you do not.

Always take photographs.

We all have default life plans. It's the adjustments that count.

Here is how to adjust your self to your potential; your potential is unlimmited.

I found out that I didn't miss questions on IQ tests. I had a hard time ignoring the pressure that came of that. Don't kid yourself.

When I got the compound interest formula down, I knew I could do anything with my life starting from ground zero financially. Find out when your job income will equal your investing income. I started with 300 dollars as an engineer. It took 3 years. I had a job for five years of my life.

You can do more than one person if you delegate anyway that is possible. Ford Foundation gave me a grant to write. They asked me to choose on the topic "what's wrong out there" I did. Yyars later, I helped red line PL92-500. Help out when you can and make it possible for others to help also. Justice Douglas called me a member of the "green Mafia". I was one of five guys who slipped the "EIS public hearings requirement" into the legislation to empower the EPA. I am a mafioso on the environment vis a vis violators. Writing books (30 so far) gives you more leverage than anything and always try to help the community you live in; it comes first.

Don't let any pseudo authority keep you off balance. I get cited by the SEC. So what; they always retract their mistaken citations. I never let airport people remove my NSA issued protection. If a deputy sheffiff stops me cuts up my drivers license and removes my plates, in court, he get assigned to go to school to learn community relations even if his boss has me on his hit list as a hell raiser for priniples.. One of my companies only hires people coming out of incarceration. Sometimes I have to have probation people and their detectives reassigned for screwing around with my employees. If a bank manager will not let a new employee have a checking account because the employee has a criminal record, I just go in and have him bring up my accounts so he gets reoriented quickly and corrects his mistake.

Finally, get rich asap. being rich cuts through all the crap you will ever have to deal with. Money definitely acts as an unlimited way to get to the place you are going.

Do not worry about leaving money on the table. And do not put yourself in a place where you cannot trade as you wish because of illiquidity. That is a must. A daily limit on the nasdaq is 100,000 shares traded for me I do not recommend with 3 beta stocks that anyone trade over 10% of the daily volume.

I switched from Mercedes to BMW 12 cylinder models; I like the ability to move away from AZ red necks in pickups when necessary. Police may say that I am too old for the power but I do not take them seriously.

I also find that sports accidents pile up after a while. I do not do over 5G's in glider acrobatics. My rest pulse is 55 and my bp is 118/78. I stay as healthy as possible; it just happens to be dfficult now.


LOL.


you are an inspiration. thank you for posting, however, i'll take an AMG E55 over the 12 cylinder BMW anyday !

best wishes to you !!!!

surfer:) :)
 
It's simple. I would limit myself to 3 women per day during trading hours and take off all the stop orders thereafter. I would drink the finest wine I could find and in my spare time perhaps I should establish a company called Microsoft but call myself Ozzie Osbourne, then perhaps I should I form a different band and call it the Beatles. Suddenly it aint so simple.

Regards

Spreadbet

PS

Happy trading to one and all

:D
 
Quote from vulture:

Interesting...both Bubba and Jack drive 12 cylinder BMW's and are both about 70...Or did I miss something and Jack declared himself Bubba...
In another thread Jack said that bubba is him on a different computer or something like that.

-- DG
 
There have been some great answers here.
I would like to add my 3 cents.

1.) Take really good care of yourself. Nothing is a substitute for healthy living. If your body craps out on you, that is it.
2.) Decide what you really want to do for work now. There is nothing sadder than being 50 and hating going to work.
3.) If you decide to trade for a living, make sure you have other things to do. All work and no play makes for burnout.

And enjoy your youth. You will be old a very long time!
Cathy
 
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