Options Trading: How to Turn Every Friday into Payday Using Weekly Options! Generate Weekly Income in ALL Markets and Sleep Worry-Free! by T.R. Lawrence

Options Trading: How to Turn Every Friday into Payday Using Weekly Options! Generate Weekly Income in ALL Markets and Sleep Worry-Free! by T.R. Lawrence

1

UNDERSTANDING YOUR
RELATIONSHIP WITH MONEY
Those who have
knowledge of money
make money their
slave; but those who
do not have
knowledge of money
becomes slave to it.
PRINCE EL FATI
Why are we talking about understanding your relationship with money in an
options trading book? The reason for it is that we want to make money! We
want to make a lot of it, and we want to keep it!
We want to make money for extra cash, security, or whatever we want. So,
forget about what Mr. Market is doing for the next few minutes. That is
only half of the equation. The other half is what is between your ears. It is
your feelings, thoughts, and beliefs about money that matter.
Your relationship with money is not just about the numbers in your bank
account or your financial situation; it is really a deep, complex, emotional
connection that we all have with money, and it is shaped by our upbringing,
our life experiences, and our personal values.
Understanding where we are in that relationship is the foundation for
creating a healthier, more positive life in general because we all need
money. However, as far as managing our finances in trading and setting up
a trading plan, it is critical.
To begin recognizing your relationship with money, it is important to reflect
on your experiences. Think about the messages you got growing up—were
they positive or negative? Did you somehow learn to view money as a
source of stress, conflict, or scarcity, or was it an abundance and an
opportunity? Did you see parents or loved ones struggling with debt,
experiencing financial distress, or experiencing financial success? Maybe
both?
These are all beliefs that were shaped by the time we were five to seven
years old. It goes a lot deeper, and there is a book forthcoming on this.
However, the next couple of chapters will be a primer that, hopefully, will
set the mindset. Your relationship with money is influenced by your
personal values and your beliefs about the role of money in your life. For
many, it just represents security and stability, while for others, it is a means
to achieve their ultimate desires and make a positive impact. There is no
right or wrong here. There is just what you feel about it. Recognizing this is
the key to managing your intentions and creating a trading lifestyle.

Options Trading: How to Turn Every Friday into Payday Using Weekly Options! Generate Weekly Income in ALL Markets and Sleep Worry-Free! by T.R. Lawrence