Passive Income Assignment: How To Make Money Online With My Favourite Passive Income Streams (2016)

Chapter 3. Stock Market

As you’ve probably heard before, the stock market is a place where many people have lost everything, and it is only for the rich who want to throw their money around. This is complete nonsense because the number one source of building wealth is through the stock market. There must be some reason that the rich are putting their hard earned money into the market, so isn’t it time you followed in their footsteps?

The reason that some people lose big and some people make a fortune is because the people who lose are uneducated. They either get too greedy or just flat out don’t have a clue what they’re doing. They end up tossing in money without knowing a thing about the company or how to read charts. This is the number one difference between being successful and becoming broke.

You might be thinking,“I don’t have enough money to start”, but what if I told you it only takes a couple thousand to get started. Would you invest a lousy couple thousand to make potentially tens of thousands?

Now before you go throwing your money around blindly, it’s important to understand the concepts on how to successfully make money. This is where your education comes into play. You have two options for teaching yourself. The first way is to read books and visit websites, and the second is to find a mentor or an online class where someone successful teaches you how.

The first option will be cheaper at the start, but will also take a lot longer to learn and put it all together. Though this process may save you a bit up front, you will most likely have a significant loss in the beginning. With this option you will also have to pay for charting and screening software, which can be a bit expensive as well. The second option, which I would recommend, would be to find a mentor or a class that teaches you everything you need to know in one place and guides you through the trade. This won’t be much more expensive, but in the long run will pay off substantially.

Whichever method you choose, I can’t stress enough how important the learning process is. Even if it takes you a full year before you make your first trade, it’s well worth the wait. Learn as much as you can and trade only when you feel comfortable.

I’ve gone through both options, so I know the opportunity cost in regards to time vs spending a bit more money. The choice is completely up to you, so whatever you pick, put in the dedication and you will be successful.

There are a lot of different people who have courses out there, and I’ve tried a few. I’d definitely recommend going through one of these courses instead of trying to do it yourself.

Visit my website PassiveIncomeAssignmentto see what I’d recommend. Signup for my guide and learn how you can get started today!