Building Resources

• Friends who were in business and had good connections
• Colleagues
• People who invest in a good opportunity
• Knowledge of several industries
• Abilities as an entrepreneur

Too many times I have seen traders close themselves off from the world; getting comfortable in their own knish and circle of friends. These people are not ready for the curve ball that can strike them out in life. John was an instructional trader for many years who consistently earned a profit for his company. He was a loner at work and did not cultivate friends in the industry. One year John suffered a series of losses in his personal life. He lost his wife to an illness. His son was having issues with drugs and his mother, who was there to help him with his other children, passed away in the same year. All of John's losses in life affected his ability to trade. He lost his job and was not able to find another position. John started to trade with only fifty thousand in his trading account. Because it was so different from the tens of thousands he was used to trading and his additional stress, he eventually lost it all. I presently do not know what happened to him. Resources review

Ask yourself these questions to know how you would handle devastating changes to your income: Good news about Bob. He is now in a position to hire more people and is again earning money as a swing and investment trader. Conclusion

• How much capital do you have to live your lifestyle and for how long?
• What else do you have of value that you could cash in on such as art, gold, etc?
• Where could you cut expenses?
• What family members, friends and colleagues do you have who are in a position to help?
• Who would hire or invest in you?
• What ideas do you have that you could turn into income if you took the time to develop them?
• Where would be the best place to move if you had to?

Collecting resources is an insurance you can give yourself. You never know when a curve ball in life will come. Be prepared.