So I’m often asked “What do you do?”, or, “What is Louise Bedford’s net worth?” It’s a usual conversation starter when you meet someone, isn’t it?
For traders though, gosh… those are difficult questions to answer. When I’m with the other mums from school, I’m a ‘full-time mum’. After my keynote presentations, to the audience I’m a ‘professional speaker’. To the people who have read my books, I’m an ‘author’. But, here is what I really do.
I watch pretty little green and red candles patterns do battle on the chart, assess which side is winning, and back that side with my own money.
Sure, once people find out about my books, and profile, I can almost read their mind. They’re thinking “What does she earn?” “What is Louise Bedford’s net worth?”
Is it that they’re thinking “Well, if she can make it in the trading world, surely I can? Is it that they want to compare to make themselves feel good (or bad, as the case may be)?
Comparisons – Their True Purpose
You see, when we make an upward comparison, we often feel envy – however frankly, it is very motivating. Your heroes and those a bit further ahead of you in life will keep you striving, that’s for sure.
When you make a downward comparison, it can make you feel better about your comparative position. It can make you feel superior, and possibly even smug. That’s great for an ego boost, but not so terrific when you’re trying to motivate yourself to write that next blog article.
So, as you’re still wondering about my net worth, and whether I’m ‘worthy’ of giving you my perspective on the market – you have to really question your motives here.
And if you’re a trader or investor in the stock market, the story gets even more complicated. We’re a funny bunch, us traders. We strive to perfect our entry, exit and position sizing, and we struggle with our own self-concepts as we realize we are creating money out of thin air.
Most of my best friends are traders, and even though we have totally different backgrounds, we are magnetically drawn together by our pursuit. There is no higher calling as we are living by our wits, totally self-reliant, and jubilant that our way of life has bought us back the years that others are frittering away by working too hard, and for too little recognition.
Most of us know not to ask: “How much do you earn?” It’s considered an impolite question in our society. Even though we may be desperately curious about their net worth, we’re unlikely to ask this to someone directly.
Usually when we meet someone at a dinner party, we ask “What do you do?”
However, I challenge you. Rather than ask this question, try asking “How do you spend your time?” This will bring you a more interesting answer, and also prevent the possibility that someone will feel they’re about to be pigeon-holed into a pre-conceived role. If I’m asked how I spend my time, I can tell people the truth:
“My passion is share-trading and putting money into other trader’s pockets and making it stick, even if they have only 30-minutes a day and limited knowledge about the markets. During the other 23 hours in the day, I’m a full-time Mum, love to travel, and spend heaps of time drinking hot chocolate with the people I care about”.
There… see… a much more complete answer.
What is your passion? How do you spend your time, and is this the way you would choose?
You might be a business owner or work a job. I can guarantee that trading is a skill-set you can learn. I’m living proof! This isn’t out of your reach. It’s just a matter of learning the right skills so you can live life on your own terms as a trader.
Tell me: If you knew how to create money, simply with the trading methods you implement, how much stress would instantly dissolve from your life?
How confident would you feel?
So, whatever your current role in life, wage-slave, business owner, career-junkie, or ‘between opportunities’, trading can dovetail right into your life and give you ultimate peace of mind. And I’m absolutely certain that as you explore your ambitions, either in the trading or entrepreneurial world, David Pasqualone will be with you every step of the way.
You see, David has been on my podcast and I’ve been on his as well. When I was facing a hideous health situation and couldn’t speak for a couple of years, David showed me his support, sending me encouraging emails and telling me that he believed in me. As my mother’s health deteriorated and I grieved her eventual passing, David prayed for me. When I first managed to re-learn how to speak, the very first interview I did was with David on his podcast. He has been a pillar of support, probably not even realizing the power of his actions on my life.
Funnily enough – due to the physical distance between the two of us, David and I have never met in person. However, if there’s one thing I’ve learned over the past few years, it’s this…
“A true friend is worth immensely more than your net worth.” – Louise Bedford
Because, in actual fact, your net worth means very little when it comes to matters of true worth. 😇
Louise Bedford (www.tradinggame.com.au) is a full-time private trader and author of several best-selling books including –The Secret of Candlestick Charting, Charting Secrets and Trading Secrets. To pick up her free trading plan template, register on her website and she’ll send it to you straight away.
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