Discovering what life is about

10 Secrets to Achieve Financial Success by Anton Kreil

 

 

In June 2015, Managing Partner of the Institute of Trading and Portfolio Management Anton Kreil was interviewed whilst on a business trip from Singapore to New York and London. In this fly on the wall documentary style interview, Anton is probed by interviewer Tom Murray on what it takes for people to become financially successful and to obtain personal freedom. The result is an epic journey around the world, providing a glimpse into the life of one of the most successful financial markets traders in the world over the last 20 years and his philosophies on money, business and life. During the interview Anton provides 10 key messages that if followed and implemented properly over time, will help anybody achieve financial success and win their freedom.

 

10 Secrets to Achieve Financial Success

 

1. Respect Money and be Indifferent towards it

2. Rent to Own – Define Assets and Liabilities Properly

3. Build and Own your own Infrastructure

4. Go Travelling, Get Perspective, Get your Dream Life

5. Know that Risk is Subjective not Two Dimensional

6. Seek out Alternative Education

7. Learn to Value your Time Properly

8. Ditch the Smart Phone

9. Mainstream Media is Useless. Don’t consume it

10. Choose Role Models that suit Your Objective

 

 

10 secrets to achieve financial success

======================================

1 Respect Money and be Indifferent towards it.

The double coincidence of wants

2. Rent to own - Define Assets and Liabilities properly

3. Build and Own your own Infrastructure

It takes 20 years to become an overnight success

4. Go travelling, Get Perspective, Get your Dream life

5. Know that Risk is Subjective not Two dimensional

Risk is subjective to your own person

Minimize downside, maximize upside

6. Seek out alternative education

How to be a successful person is not in the education curriculum

7 Learn to Value you Time properly

8. Ditch the Smart Phone

9. Mainstream Media is useless. Don’t consume it

10. Choose Role Models that suits Your Objective

 

 

 

 

 

 

 

 

Ref : https://www.youtube.com/watch?v=4a51wQAOGR4

 

 


 


The 5 Principles Behind the 10 Secrets

 

1. Acceptance

2. Self Determination

3. Freedom

4. Risk IQ

5. Hierarchy

 

 

The 5 principles behind the 10secrets

=====================================

 

1. Acceptance

2. Self determination

3. Freedom

4. Risk IQ

5. Hierarchy

 

 

- Acceptance / Capitalism is great / the system is superior because it can give you freedom

Milton Friedman : the record of history is crystal clear, that there is no alternatve way ... free enterprise.

 

- Travelling / Get perspective to see what work and what don't work

 

- Seeking out alternative education

 

- Self determination / be totally in control of your finance / your future

 

- Build your own infrastructure / your own businesses + reinvest for compounding exponentially

 

- Freedom

 

 

 

 

 

 

 

There were, are and ever will be only 2 "secrets" about successful trading:

1) you need to HAVE AN EDGE in the market - meaning higher chance for winning than losing (risk reward ratio does not matter). A good method can be taught by a good educator/mentor/friend trader

2) you need to MANAGE RISK (take profits, cut losses, size properly). It's not what you win, it's what you don't lose. It determines how much money remains on your account by the end of week, month, year

Tested. Proven.

 

Ref : https://www.youtube.com/watch?v=hzFl0uDwAQY

 

 


 

 

 

 

---
Categories : Finance    Themes : Investing
Share |
add a comment...

0 Comment

Leave a Comment