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Financial independence means so much more than just having money. It’s about more than saving up just enough for retirement. The first concept you need to understand when it comes to financial independence is your wealth number, which is using time (not money!) to calculate how much you actually need to be financially free. After all, if you don’t know how much you need, how do you know when you’ve achieved your goal?

Learn how to achieve true financial freedom here: https://bit.ly/3MOn963

By paying attention to these Five M's (Mindset, Means, Method, Maintenance, and Multiplication), individuals and businesses can build a solid foundation for effective money management and financial success.

MULTIPLICATION:

The goal of money management is not just to maintain what you have but to make it grow. Multiplication refers to the process of growing your wealth through investments, savings, and other financial strategies. This could involve investing in assets such as stocks, bonds, real estate, or other income-generating opportunities.

MAINTENANCE:

Regularly reviewing and maintaining your financial plan is crucial for long-term success. This involves monitoring your budget, tracking your investments, and making adjustments as needed. Regular financial check-ups ensure that you stay on track to meet your financial goals and adapt to any changes in your financial situation.

METHOD:

Having a method or a financial plan is essential. This includes setting financial goals, creating a budget, and developing a strategy for achieving your objectives. A methodical approach helps you prioritize your financial activities and allocate resources effectively.

MEANS:

Understanding your means refers to knowing your financial resources and income. This involves creating a budget, tracking your expenses, and being aware of your financial inflows and outflows. Knowing your means helps you make informed decisions about spending, saving, and investing.

MINDSET:

Developing a healthy mindset towards money is crucial. This involves understanding your beliefs, attitudes, and values about money. It also includes being aware of your financial goals and being disciplined in your approach to money management.

The "Five M's" in money management generally refer to key aspects that individuals or businesses should consider when handling their finances. These are:

Was your trading goal met for the week?
It's NFP day..trade safely.

The best trading hours for you will depend on your trading strategy and personal preferences. Here are some factors to consider:

Volatility: If you prefer higher volatility and the potential for larger price movements, you may want to trade during the overlap of the London and New York sessions.

Liquidity: Higher liquidity often means tighter spreads and less slippage, making the London and New York sessions more attractive.

Time Zone: Consider your local time zone and when you can comfortably trade without disrupting your daily schedule.

Trading Style: Scalpers might prefer the more volatile sessions, while swing traders may be less concerned about intraday fluctuations.

Currency Pairs: Different currency pairs have varying levels of activity during different sessions. Choose the session that aligns with the pairs you want to trade.

It's important to remember that while there are optimal trading hours, the forex market is open 24 hours, and opportunities can arise at any time. Additionally, news events, economic releases, and geopolitical developments can influence market conditions at unexpected times, so it's essential to stay informed and adapt your trading strategy accordingly.

New York Session: The New York session is the second most active session and often sees increased volatility when it overlaps with the London session. This occurs from 12:00 PM to 4:00 PM GMT. Major economic reports and news releases from the U.S. often occur during this session, making it an important time for traders interested in trading the USD.

Happy new month of November

London Session: The London session is the most active and liquid of all the sessions. It usually begins at 8:00 AM GMT and overlaps with the end of the Asian session. The high trading volume during this time often leads to tighter spreads, making it an attractive time for day traders. The most traded currency pairs during this session are EUR/USD, GBP/USD, and EUR/GBP.

What are the best trading hours for forex and why?

The foreign exchange (forex) market operates 24 hours a day, five days a week, allowing traders to engage in currency trading at almost any time. However, not all trading hours are created equal, and certain times are generally considered better for trading due to increased liquidity and volatility. Here are the main trading sessions and why they are significant:

Sydney/Tokyo Session (Asian Session): This session starts when the Sydney market opens and overlaps with the Tokyo market. It's the least volatile of all the trading sessions. While it may not offer the same level of volatility as other sessions, it can be a good time for traders who prefer a quieter market or who want to trade specific currency pairs like AUD/USD or USD/JPY.

https://www.investing.com/economic-calendar/

Economic Calendar - Investing.com Economic calendar: get indicators in real-time as economic events are announced and see the immediate global market impact - Including previous, forecast and actual figures.

https://www.cnbc.com/2019/01/30/y-combinator-millionaire-sam-altman-how-to-achieve-extreme-success.html?utm_content=Main&utm_medium=Social&utm_source=Facebook&fbclid=IwAR2ySYkELQ_qFLbw0nG0nYmguvb7hpoRSCKFNbv8VPjidsZt5zNJtE3j1I4&mibextid=Zxz2cZ =1680545116

33-year-old self-made multimillionaire: Here's how to achieve extreme success Entrepreneur and Y Combinator president Sam Altman shares his advice for making money and doing important work.

How much money you need to save to retire by age 40 To retire early, figure out how much you spend each year and then divide by 4%.

Don't underestimate the power of life insurance - it's more than just a policy, it's peace of mind.

Establish how much you need to save each month, and save that much. Every single time. No excuses.

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Don’t make these 6 money mistakes in your 30s, says former JPMorgan retirement expert Anne Lester, former portfolio manager and Head of Retirement Solutions for JPMorgan, shares the mistakes people in their 30s should avoid to retire early.

Money seems to flow to those who give it the most attention & take responsibility for it. Be obsessed or be average - don't be dependent on luck to make your dreams come true. 🍀

https://www.cnn.com/business/live-news/silicon-valley-bank-collapse-updates-03-13-23/index.html

March 13, 2023 Latest on the Silicon Valley Bank collapse The Federal Reserve announced Monday it has launched a review of the supervision and regulation of Silicon Valley Bank following the lender's sudden implosion.

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🦢 A black swan is a negative, unexpected financial event that carries an extreme impact.
Usually, a black swan event is almost impossible to predict, and falls out of the realm of regular financial expectations 😱 The collapse of Lehman Brothers and the 2008 financial crisis are great examples.
💪 Traders can prepare for such events by implementing a strict risk management strategy.
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save thisss! comment “I am a future billionaire” if you know you are one!! This is how the wealth game is played 💰 I love to see our culture learning more of these strategies and adapting them! DONT STOP! Here’s the play: - start your business - build business credit to secure capital - leverage OPM to secure assets - borrow against those assets tax free - rinse & repeat - always have life insurance! You will become the wealth builder of your family 👏🏽 & in my FREE wealth class on Monday we are going over more of this! Secure your seat asap by going to the 1st link in my bio! See you there ❤️

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Mark Cuban: Don't use credit cards—if you do, 'you don't want to be rich' Billionaire Mark Cuban says people should pay off their credit card debt and then burn them. "If you use credit cards, you don’t want to be rich,” he adds.

Mindset Matters!