Play the Game As If You've Already Won
As my financial situation continues to dwindle due to being owed significant backpay from my former employer, it is temping to lose interest in finance completely. It's hard to be stoked about any markets when you have no money to invest - and more importantly, that when you do get money it goes instantly to credit card and paying bills that have piled up in the wake of not receiving a regular payroll.
This is one of the reasons that I decided to leave the company last Friday. An opportunity appeared that allowed me to work with our other sites contributing writer, DDave. Having literally nothing to lose, I threw in the towel at the old job and decided to start the commute-by-air every week for the foreseeable future. Other than the occasional rotovirus that you contract on an airplane, I quite enjoy leaving to a different city every week. It keeps things different and interesting. I write this article in tired and sore recovery of puking my guts out all day on my second day at the new contract. But what's the good life if there is no bad? It's important to be grateful and you can't have gratitude without contrast of experience.
I've gotten off on a tangent but I think that one should view finances from the perspective of being able to invest big. Right now, it doesn't much matter to me that I'm practically penniless because payroll delay has happened for so long. Its healthy to keep viewing markets and opportunities as though you have already bought in or have the capability of doing so. It will make you smarter for when you actually have the means to do so. Only a fool would dump money into a market that they don't understand (I've been there, in 2014) and as a result I lost my ass. Fortunately I wasn't taking it seriously enough to go all-in, and of my initial $600 investment I lost all but $45 of that over the course of a year. It was effectively gambling and I feel stupid for having done it - but in the grand scheme of things it was a CHEAP lesson compared to having the means to invest way more and not know what I'm doing. My former foolishness will yield a mindfulness that I will carry into the future until I die.
So watch those markets even if you don't have money to put in them. Readiness is simply preparation for the unknown, and since we can't predict the future, we might as well get ready for it. Consider what investments you would make today if you had the money or the means to do so. If you don't know the answer to that question, it's time to get to work!