Monday 18 December 2006

How I paid off the mortgage by trading

Well, its taken me long enough to do it but I decided that as I had made enough money trading options in 2006 I would pay it off. It wasn't a huge mortgage by some standards but its just one less thing to think about.

Very interestingly, another trader friend and my bank manager said that I should reinvest it and make more money with it, but this way I save myself a heap of interest at 5% and get some peace of mind. Additionally I want to use the rest of my trading profits I make next year to pay for my place in Barbados !!

If people out there are reading this and thinking , hey trading must be easy if this guy can do it. Well yeah, it is and it isn't. I have had quite a few losses along the way, but overall I have made more money than I have lost, which, going by some of my friends and colleagues, is better than most.

It is not for the faint hearted but if you have the will to continue (I am in my 6th year of option trading) then you can do it.

I've got so much to write down here it hurts. More soon

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