Final touch on Personal Finance

I must admit that this site is not intended to provide
an in-depth discussion on personal finance and basics
of investing.

But I feel obligated to give you a few short guidelines
to help you build a strong foundation for options trading.

Options Trading is a short-term and high leveraged
investment vehicle. You'll lose your shirt if you
are blindly risking your money.

Below is a list of action steps (in no particular order)
that you need to complete before engaging in short-term trading:

1) Track all the in and out of your money flow.
You'll know your position in almost real-time.
Refer to the previous post for more information.

2) Cut down your debt by allocating more money each month
to pay it off. It's a timed-bomb that will explode
anytime. Just get out of debt quickly.

3) Establish and fully fund any 401K, IRA or SEP IRA
accounts that are available to you. Take advantage
of the tax deferred opportunities.

4) Setup automatic monthly transfer to your retirement
accounts and don't even think of touching it before
you retire. It's a retirement money on auto-pilot.

5) Live below your means. Reduce unnecessary spending
and always find alternative ways to get what you
want in a cheaper way.

6) Start investing in index/mutual funds as long-term
vehicles. Get educated and begin small.

7) Put some money aside to build your capital for
short-term trading. Suggest you open a money market
account which provides better interest, low risk
and it's almost like cash.

And now... you have all the important areas that
you need to focus to be well-prepared.

Be prepared like you are going for a war...
...examinations, sports game, or anything that you
want to win!

I'll share with you some of the resources to help
you accelerate the above mentioned steps along the way,
but don't wait... just begin!

Keep the momentum going...

Go for profit$!