Published March 31st, 2008
in Financial Freedom and Time & Money News.
The farther the calendar moves away from 3/31/2006, the day I walked away from a 20 year career in Sales, Marketing and Engineering, the less I have to explain why I said good-bye to a 6-figure job to trade full-time on my own account. That’s good, because it was pretty hard to explain anyway. The job was rewarding. I worked with great people. So, what was the problem?
I was never cut out to work a job. I am an entrepreneur by nature. I love trying to make something happen. Risk and uncertainty are not scary to me. Now every day that I wake up - I am faced with these challenges.
Interestingly, when you migrate towards your true passion - the money follows. My lifestyle hasn’t changed one bit since I quit the 9 to 5. I haven’t missed a meal. We still have our house in the suburbs and drive nice cars. Our vacations have actually upgraded a little.
Interestingly there are now some people who have only known me as a financial guy. Most think that I am some kind of financial advisor. I still haven’t come up with a good quick way to explain what I do. A stock trading financial freedom advocate will have to do for now.
Published July 13th, 2007
in Time & Money News.
FOLIOfn is an innovative online broker that has been in business since 1988. Just like any other brokerage firm it is possible to trade securities in the standard manner, but their claim to fame is their unique FOLIO basket trading feature. This allows you to buy, modify and sell whole portfolios in a single transaction.
Do you have $10,000 that you would like to invest equally across 10 stocks? At the push of button, FOLIOfn will determine how many shares of each stock (including fractional shares) can be purchased. Simply push another button and the trade is executed. No need to enter and execute 10 individual trades. Not only does it save you time, but by not having to pay all of those individual commissions - it saves you money.
If you have read any of my previous articles, you know that I am a huge advocate of basket trading. The Big Build-Out (BBO), which has been my most successful portfolio over the last two years, is traded as a basket.
Continue reading ‘Basket Trading with FOLIOfn’
Published July 6th, 2007
in Time & Money News.
I have decided to make some of the content previously available here only available to Friends of The Time and Money Group. Read here for details.
I just received notification that I was included on the Top 100 Most Inspirational Personal Finance Turnaround Stories Online List. That’s a mouthful. This is the second time that I have been included in a top 100 list. It is always exciting to be recognized in any manner. It means that you are making a difference in whatever endeavor you are pursuing.
I was included in the entrepreneur section:
Entrepreneurs are a different breed. Often unwilling to toil away in a cube farm, they decide that they want something bigger. Unfortunately, something bigger usually involves huge risks. These people took the troubles in stride and have all become successful entrepreneurs.
BTW, they mentioned in my write up that “he realized that financial freedom is not about being rich, it’s about getting by.” Getting by is definitely one approach, but not my preference. Since it is imperative to generate more income than expenses, one can either cut expenses to meet your income (getting by) or increase your income to meet your expenses. I choose the latter. More on that in a later post.
Top 100 List
March 31st marked one year for me sans 9 to 5. I can hardly believe that year has come and gone so quickly. I am happy to report that my wife and I are still driving the same cars, living in the same house and going on the same vacations as we did when I had the 9 to 5. The only noticeable difference is that I don’t have nearly as many miles on my car, since my commute to the office has been reduced to a walk down stairs.
If you are not familiar with my story - one year ago I chose to walk away from great job in all aspects excellent pay, high quality of work and great people to pursue my dreams of financial independence. Many people shook their head in disbelief as a walked away from a job that had taken me to Hawaii twice and all over North America. A job where playing golf and dining at fine restaurants with customers is expected. I must admit that THIS is the only thing that could have taken my away from that place. Continue reading ‘The Time & Money Group Celebrates 1 Year Anniversary’
Published January 31st, 2007
in Time & Money News.
Breaking the Shackles of the 9 to 5 was chosen as one of the most informative credit, finance or real estate blogs in the U.S. by Your Credit Network. Hey, it’s not an Emmy or an Oscar - but I will take it.
I would like to thank …….
More ….
Published December 20th, 2006
in Time & Money News.
Make sure to read my latest article “Mr. Government Will You Keep Your Cotton-Picking Hands Out of the Market: I am Trying to Make a Buck.“
This article was published on Financial Sense Online one of the most popular financial web sites on the internet. I listen to their webcast every week-end without fail. It has some of the best non-mainstream commentary anywhere.
Published August 3rd, 2006
in Time & Money News.
I hope that you are enjoying and more importantly gaining insight on Financial Freedom from this web site. The site has grown from a few pages views in March to over 10,000 in the month of July.
Much of the traffic has come from the articles that I have written for Ezine Articles. Web publishers frequent the site and if an article grabs their attention - they republish it on their own sites. Many of my articles are now posted on websites around the world. “Saying Goodbye to the Time for Money Swap” has been the most popular. I hope that you have read it.
As you know by now, my forte is commodity stock investing. I believe that there are great opportunities in this arena. However, the purpose of the site is to broaden your overall knowledge of Financial Freedom. Hopefully, you have noticed more posts on other topics such as Real Estate Investing, Personal Finance 101, Women and Money, Entrepreneurship, and Young Investors. As I come across interesting data, I will continue sharing it with you.
The word is spreading that we have something of value to offer here. Encourage your family and friends to visit the site and to sign-up for the weekly newsletter.
Yours in Financial Freedom,
Michael K. Dawson
Published June 16th, 2006
in Time & Money News.
Michael Dawson Named Expert Author at EzineArticles.com
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