Prominent financial blogger, J Money may be known for his money tips. However, there was once a time where the money maven made a huge financial mistake that led him down an unfortunate road and he thought he had hit rock bottom.
As many people do when they get married and begin to start a family, J Money and his wife thought it was time to enter the world of home ownership. Everyone else was doing it, so why shouldn’t they. On an impulse, the couple purchased a $360,000 home. After moving in, the reality of home ownership began to set in. J Money realized that he and his wife were tied down to this home. With a mortgage to pay off, they couldn’t embark on a new journey for a long time. Both enjoyed moving around and realized homeownership wasn’t for them.
Not to mention, they had purchased during at the peak of the real estate bubble. After they signed the mortgage, the bubble popped, leaving them with a home that wasn’t even worth what they paid. Realizing they had hit rock bottom, they knew they had to do something.
That’s when they decided to do what made them happy. The began to rent out their home and became renters again themselves. J money says he is the happiest he has ever been and is able to move around at will.
“One of the biggest things I’ve learned is to really pay attention to the stuff I personally want and need in my life,” he says, “Even if it goes against the norm.”
So, how can you use J Money’s advice to become a blogger living the lifestyle that you want, despite financial setbacks? Obviously, all you need is a successful blog. However, how do you finance your blog? One way that several financial bloggers recommend is Forex trading. Forex stands for Foreign exchange, commonly known as ‘Forex’ or ‘FX’. This means that Forex trading is defined as “the exchange of one currency for another at an agreed exchange price on the over-the-counter (OTC) market.” If done successfully, this can be a great source of revenue.
Forex trading does take work, including obsessing over forex daily trends, politics, and world news, but it’s all worth it.
You might even find this might inspire an idea for some content as you navigate your journey into the world of Forex trading. Don’t start blogging extensively about your forex trading. However, giving some updates every now and then might inspire someone else to give it a try.
One of the biggest benefits of trading Forex as a source of income is that you get to learn about everything. The Forex markets are affected by so many different factors, only a few of which have to do with economics. An understanding of world politics and news is key to predicting what the markets will do. And even if you’re not yet interested in these matters, you will be soon. As a blogger, knowing about the world around you will help you create more entertaining and informative content.
Keeping up with the market involves daily work, and so you should be prepared to do due diligence. The upside is that the Forex market is closed on weekends. So while you still need to know what’s going on in the world, the urgency dies down for a necessary 2 day break.
What do you have to lose? It could save your financial sanity and help build a successful blogging career.