Commentary: Getting stuff done 30/9/2011

Date of publish: 30/9/2011

For Financial week: 26-30/9/2011

Written by Matthew McCreath

 Commentary: Getting stuff done

I hear it constantly, “I want to trade but I don’t have the time” or “I want to start investing but I don’t have enough money”. Unless those statements end with ‘yet’ then I think there really isn’t much desire, because truth is there isn’t anything stopping you.

There are 168 hours in a week and you really can’t find 5 hours out of them to look over charts, read a book, website, listen to a conference call or possibly read a newsletter *cough*. I’m sure it would be time better used than watching jersey shore. However, if you’re are finishing up stuff for work or school fine but if you’re mindlessly watching television then possibly your time would be better used taking control of your financial future.

Money is an iffy subject because it has to do a lot with the individual in question. Not many people have thousands of dollars sitting under their mattress that they can through into an investing or trading endeavor. For example to trade commodity futures unleveraged, one would need over a quarter of a million dollars. However, on the complete other side of the spectrum, there are forex brokers like Oanda which offer nano lots, where 1 pip is one cent. This means one could trade unrestricted with only fifty dollars and actually grow.

Fact is if you can’t find fifty dollars you have other problems or other priorities which is perfectly understandable. Using fifty dollars to buy groceries or pay rent is much more important. I’m just saying using fifty dollars to possibly grow your wealth seams worth it if it was going to be otherwise spent on a new pair of shoes or to watch that new movie. One must prioritize if they truly want to succeed.

Priorities go into the depths of what this commentary is about. When you have stuff to do, it’s best to get the most important stuff done first. I can’t tell what is important in anyone’s life because I’m not them. However, simple logic would agree that if you really want something or if something needs to be done, it just simply has to get done. So if you really want to do something, finance related or not, you have to step back, prioritize and make the necessary sacrifices. If not you’ll either never reach your goals or it will just take too long.