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Hope’s Debt Update – March, 2019


I have been writing here at BAD for over 5 years now! Can you believe that? I can’t!

This was my first ever post which included my first ever debt update. It was published in February, 2014. My total debt was $78,518!

And without further ado, here is my current debt load.


(as of 10/14/17)
Min. Payment
Student Loans$34,9912.88%$0 (income based deferment)
Credit Card$2,43417.00%$60
Collections 3 (Ex-husband)06.25%$0
Collections 2 (Apartment)$499$0

Total Debt as of 3/13/2019 is $42,697

My last debt update is HERE if you want to compare the two, it was published in December, 2018.

I’ve got to admit, comparing my first ever debt post and today’s was a bit discouraging, especially when I compare myself to the headlines of others debt pay off journeys. But I won’t make excuses.

I do know that I have come a long way as far as mindset over the 5 years. Not to mention knowledge. And I am in a really good place as far as payoff mindset (finally, right, long time readers!)

The Plan

I haven’t put a lot of thought into my plan of action. Frankly, I haven’t had time to sit down and think about anything.

But in looking at my numbers, this is what I have in mind:

  • Pay off credit card! It’s time. The interest rate. I’m ready.
  • Pay off the non-interest bearing collection account because it’s not affecting anything but my credit at this point.
  • Pay off my car (if I stick to my $400 per month, it will be paid off in March, 2020 but it would be great if I could do it more quickly.)

In my dream world, I would love to have all three of these debts paid off by the end of the year. And I think it’s doable looking at my year as a whole.

Thoughts? Feedback?

Do not let the trades get into your nerve


When you will have to work with your mind, there will be a big mistake. That is common human nature for the traders to make mistakes while thinking. That can already be a problem for the professions life. From time to time, the professional will have to think of getting out of that problem. But when there is too much issue with the actual business, the conditions will not let you become a good performer. That is what we are going to talk about today in the perspective of the currency trading business of Forex. The traders will have to think in best way possible for all of the trades. That will have to be done without thinking about the running trades too much. We are going to give you some tricks to maintain that kind of business. In the following article, there will be some necessary fundamental discussed for the right performance with currency trading business.

A proper risk management plans will help you

The first of thing necessary to keep you safe from the running trades is risk control. It is vital for a trader to manage the right amount for all of the trades. It will be working with safety. We are talking about being safe with your investment in all of the trades. There will not be a good performance with too much investment into the trades. Think of your own business, if the investment is too high for you, there will not be good management of the position sizing. That is not the right thing to do for any kind of trading business. 

The traders will have to also keep their interest in making profits too. That is a thing which can influence the market analogy a lot. So, there is a lot to think about placing a trade. That is why the traders will have to think about the most minimal orders for all of the trades. We get that there is margin trading system for helping with the growth of the orders without spending too much. The traders will have to learn about that, the losses come from the signals, not the investment. That is why you will also have to minimize the investment in the trades.

Control your emotions

No matter how well you trade the market, you must learn to control your emotions. Emotions are often considered as the most dangerous enemy for the retail traders. The UK traders prefer Forex trading at Saxo since they can easily access the learn center and learn more about trading. Without having proper knowledge of this business, you can never trade the market with discipline. Focus on market dynamics and forget about human emotions to become a profitable trader.

The right selection of the profit target is also important

Besides the right money control of the investment, the profit margins also need some cover. The traders will have to think about the right market analogy. As we talked about in the last part, the traders will be working from the reference of the profit targets. That is why there must not be too much pressure into the trading minds. The analysis part of the trading approaches will be the most time-consuming work for the traders.  You cannot make your mind dizzy before a trade is placed in the markets.

Selecting the right trading methods will be a bonus

Besides the right selection of the risk and profit targets, the traders will also need to work on the methods. We are talking about the actual trading methods for running the business. Just think of choosing the long term trading process and your business will be very good from the start of the career. There will be relaxation and proper management in the business.