Blog 12

Blog 12

Financial literacy

The gold price is down now, (1723 USD )but commodities are like this. They can be down, but they may go up X4 or more. This is because of demand and supply. The demand could be caused by some black swan event too.

There could be a flight to safety , and this is the reason that a commodity can go up so much so quickly. Volatility is not for the faint hearted. This is the reason that you must read the books of the experts.

Coal is back in fashion because of a natural gas shortage in Europe. In 2020 July it was $50 per tonne. Now it is $403 per tonne. (time of publication)This is nearly a x8 gain on the price of coal.

Commodities are volatile, but if you buy low, and sell high you will have a win. However, I do it with no leverage. This is because I cannot lose if the price goes down. Margins calls happen if a trader uses leverage, and their trade position goes against them. You must avoid this scenario because you may get wiped out.

I trade with the long-time trend. I do not care if the price of the commodity goes down. This is a winning style. Making money is hard. If it were easy, everybody would do it.

If you come to me, you will become rich and healthy. This is because I have it together. You must too. Most are just experts in one area. I am not. I am an all-rounder.

Every day I watch you tube videos and I learn something new. Knowledge is power. The problem is that it takes years. Moreover, instant gratification must be avoided too . Traders will lose if they do not have patience as well.

I love trading because I find it so interesting. However, the learning curve is long and slow and hard. There are so many books on trading. However, you must learn your personality traits. If you do, you will trade with this in mind. Then you may have better success.

Compounding is something that I love so much too. My knowledge has gone up and therefore, I make better trading decisions. The secret is that you will have bad years. All traders do. Patience and resilience are the ingredients of good traders as well.

I know that it may sound silly, but it is the truth.

I keep it simple because I think that many people complicate their lives. Value investing is my style, and I do like my dividends too.

September I will have more dividends and I will buy more silver because it is cheap. I always buy what is cheap. The law of risk and reward is in my favour with value investing. Especially with commodities because they can go up quickly. Coal is a good example of this.

Personal development

Going up to Scotland was so good for the sole. I liked running away from the hot temperature because I can.

Having a plan b may give a person happiness, or it might be argued that you are not trapped in some hell hole. If it gets too hot, (especially in the UK) it can be extremely uncomfortable.

All my skills are linked because they all give me freedom.

1. Good nutrition

2. Fitness exercises

3. Financial literacy

4. Goal planning

5. The English Language

My six-pack training, I wlll postpone until August. This is because my life must have a stable routine. This is why that planning is a key skill.

I have an option to go, for a temp position in another area. The money is good, but I have to do training. This is normal in a new temp position.

There are advantages in having a nomad lifestyle. I can live anywhere; this is a bonus. Many are trapped in one location and cannot relocate easily.

1. Children in a school

2. Mortgage/rent

3. Have a strong bond to an area

4. You could be broke

5. You do not have the confidence to move to a strange area

The list previously mentioned are normal problems for people. I see this all the time on my nomad travels. They know their own area well, but that is all they know.

If I am honest getting out of the comfort, it something that I love. I grow because of this. Moreover, I have new experience. New experiences will give a person confidence. Many just keep doing the same things over and over again. Then wonder why that they are bored.

I was in a gym in Wiltshire. I had a conversation with a member there. The conversation went like this.

I keep myself to myself because I like it this way. ( a member at a gym)

I always like going to new places because I have new experiences. (I smiled and his face appeared glum)

I just come here do what I have to do and go home. (a member at a gym)

This is the problem of people. The brain will get burned out if you do not do new things. You may get a harden viewpoint too. Then resent people that do what you should be doing.

Van Life

Today is Friday 22nd of July.

On my temp job I start at 14.30, so I have time to do something else. However, I googled Stonehenge, and it is one hour away from here. I will go there on a day off. Travelling can be a hassle. You just never know if you will hit a problem. It could be roadworks or a breakdown. I like to play it safe.

I have not been to Stonehenge for a while. Since I am in the area, I will go and see the historic site. My days are always different. Therefore, it may explain my happiness. The nomad live suits my personality. Here is the info on Stonehenge below.

I will go there once I have a day off. I love travelling, but it eats away at your free time.

My generator is going well. They replaced it because it had a fault. Perfect and I have a brand new one. It was hassle, but life happens. The key is sorting out the problem. Then your life gets back on track.

I will buy a new power battery bank, but I will wait. My money has gone up, (bank balance) but I will wait a little longer. I will never rush a big purchase. This is because I respect money.

All my skills assist me in getting on. It is just step by step. I prefer little steps because it is safer.

I will be starting my you-tube channel on my adventures with the van life. However, it is not just about the van life.

I have a TEFL and a degree so I can work anywhere and have an income.

With me you will learn the following:

Financial literacy

English Language

Nutrition

Fitness

Personal Development

It is not just about freedom. You must have a plan. I will share my daughter’s life too. My life is different. It may be of interest to others. We all find others interesting. I like seeing others’ lives too.

Interestingly, I always have the same breakfast.

50g porridge

5g cinnamon

250ml semi-skimmed milk

2 scrambled eggs with semi-skimmed milk

Eating healthily is something that I really enjoy. The van life microwave cooks my breakfast every day. I love the mobile life. I park up and have my breakfast anywhere.

My plan for today is fitness at 9am. Then finished this blog. Keeping it simple is best. It works too.

Ian is wishing you a nice day. Ian loves life. Be good !!!!