Definition of PARADIGM SHIFT

Paradigm shift definition is - an important change that happens when the usual way of thinking about or doing something is replaced by a new and different way. How to use paradigm shift in a sentence.

Good day Citizen,

In order for us to break the chains of generational poverty and move towards generational wealth, we must build wealth building habits as well as developing a mindset to achieve it.  I won't be long winded because it's not necessary but start with these tips:

1. Live on less than you make.  Most will not even make it past this one but for those who can will have taken the first step.  Find ways to lessen your monthly financial obligations.  For example, subscribe to a lesser phone plan, reduce/cut your cable and/or home telephone, or eat out less.


2. Keep on learning and finding ways to grow your income.  Although the ultimate goal to wealth building is "buying" the most precious commodity we have...time.  In the meantime, a side hustle is essential.  Most pursue a side hustle that can replace the daily grind we call a J.O.B. (Just Over Broke).  Self-education is key for this to manifest.  Find a mentor to assist in achieving your goals.


3. Write a monthly budget.  Write a budget that includes saving, giving and spending.  Before you begin take a month to assess your spending and proceed from there.  Some use the 80/10/10 principle to achieve this particular goal.


4. Plan your spending.  I personally come from an era when we wanted big ticket items, we put it on layaway.  That option has since fell to the wayside but adequate planning for those items without blowing your budget is possible.  Something as simple as using a container at home to opening a bank account for a specific purpose will do the trick.


5. Stay out of debt.  This one is very important.  You would be surprised how many will finance groceries (yes, I said groceries) using a credit card.  Now, I'm not saying credit is bad if one pays off the debt at the end of the month. Every Month!  


6. Pay yourself first.  You head off to the plantation aka your job every day and most will tell themselves they work to pay the bills.  What about you? Don't you deserve something for yourself?  Determine your worth and deposit it in a separate account for you to do whatever your heart desires.


7. Use your gifts and extra income wisely.  If you've achieved steps 1-6 successfully every month, this one will be a no-brainer.  You could use this financial windfall to support your side hustle and/or support a cause dear to your heart.  The choice is yours.


1. Put your money to work.  Don't let excess money sit in a bank account where it will at best grow annually @ 1%.  Those paltry returns will not help you in your golden years.  Find a worthy investment instrument and put your money to work.  If you need some help in regard to putting your money to work, we can help.  Inbox us or visit https://th3rdfx.org for more information.

Recommended Reading: The Power of Habit: Why We Do What We Do in Life and Business by Charles Duhigg

#GoAndBeGreat, #Th3rdFx, Disclaimer: Trade at your own risk. Results may vary. Past performance does not guarantee future results. Never risk what you're not willing to lose. 

Paradigm shift definition is - an important change that happens when the usual way of thinking about or doing something is replaced by a new and different way.

Definition of PARADIGM SHIFT

Paradigm shift definition is - an important change that happens when the usual way of thinking about or doing something is replaced by a new and different way. How to use paradigm shift in a sentence.

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CompassFX | Influencing Factors on U.S. Dollar

CompassFX - Forex traders need to know the list of the most influencing factors that affect the U.S. Dollar.

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CompassFX | Influencing Factors on EUR/USD

CompassFX - Forex traders need to know the list of the most influencing factors that affect the EUR/USD currency pair.

CompassFX - Forex traders need to know the list of the most influencing factors that affect the EUR/USD currency pair.

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CompassFX | Influencing Factors on USD/JPY

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Forex Market Time Activity, This page shows the best times to trade the Forex, Currency Trading with Compass Forex, Real-time online currency trading broker, real-time execution, free forex charts and quotes.

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#GoAndBeGreat, #Th3rdFx, Disclaimer: Trade at your own risk. Results may vary. Past performance does not guarantee future results. Never risk what you're not willing to lose.

CompassFX | Types of Trades & Orders

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#GoAndBeGreat, #Th3rdFx, Disclaimer: Trade at your own risk. Results may vary. Past performance does not guarantee future results. Never risk what you're not willing to lose.

Have you done a SWOT analysis to start and/or grow your business?...It's never too late.

A SWOT analysis is a strategic planning tool that helps a business owner identify his or her own strengths and weaknesses, as well as any opportunities and threats that may exist in a specific business situation. A SWOT analysis is most commonly used as part of a marketing plan, but it is also a good tool for general business strategizing, and to use as a starting point for team discussions.

More of the story here: https://www.thebalancesmb.com/swot-analysis-for-small-business-2951706

Get to know this graph called a cash flow quadrant if you don't know it already. Know where you are now and where you would like to be. As you achieve your financial goals you should move from quadrant to quadrant. I should clarify it is possible to be in more than one quadrant at a time. For example, you could be an employee and have some investments which provide additional income. The vast majority of people are on the left side of the quadrant as employees (E) or self-employed (S). The left side of the quadrant represents active income, meaning you have to be present to generate income. The ultimate goal for most is to make it to the right side of the quadrant as a business owner (B) and/or an investor (I) which represents passive income, meaning your presence is not mandatory to generate income.

What the graph doesn't take into consideration is the amount of TIME you "buy" back to entertain other interests. We all have 24 hours a day to do the following: 8 hours of work (average), 8 hours of sleep (again, an average), and the remaining 8 hours to enjoy the fruits of our labor. With the right financial plan, you could technically "buy" back the hours required for work to do whatever your heart desires. Want to spend some time on community efforts like mentoring/tutoring the youth or assisting the elderly? Well, you could do that.

Remember, an informed citizen is a dangerous one...

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#GoAndBeGreat, #Th3rdFx, Disclaimer: Trade at your own risk. Results may vary. Past performance does not guarantee future results. Never risk what you're not willing to lose.

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1. “Make Sure Your Idea Is Viable.” People come up with ideas every day. The question is whether your idea is viable? “Do some market research. Look at your potential competition and see if they’re doing anything similar. See if anyone has tried this in the past, and if they failed, why they failed. Sketch out a financial model if you have to. The more in-depth you go, the better.”

2. “Prepare For The Realities of Entrepreneurship.” While being your own boss is exciting and rewarding, the truth of the matter is that it’s hard. Start-up companies such as Facebook and Uber have proven what can be done with a great idea. However, what isn’t discussed is the research done to become successful. In fact, most businesses that start will end up failing. The best thing to do is read, read, and read about the reality of entrepreneurship.

3. “Establish A Personal Financial Plan.” Deciding to become an entrepreneur means your guaranteed income you were receiving from your job will disappear. That’s why you need to budget for this venture. “Take a look at exactly how much money you need to continue your current lifestyle and how much money you have. Can your savings totally sustain you for a year or more? What backup options do you have if you do run out of money?”

4. “Talk to people.” Consult with those close to you such as family and close friends. Even though you’re the one making the decision, it’s important to gain the advice of those close to you.

5. “Maintain The Bridge.” Simply put – when you quit your job, do it professionally. In case your venture doesn’t work, you may have the opportunity to return back to your place of employment. “Talk to your employer candidly about leaving, give them as much time as they need to find a replacement and exit as smoothly as possible to preserve your relationship.” Article from Financial Juneteenth

#GoAndBeGreat, #Th3rdFx

#GoAndBeGreat, #Th3rdFx

Disclaimer: Trade at your own risk. Results may vary. Past performance does not guarantee future results. Never risk what you're not willing to lose.

People go to work every day and hate their job, living paycheck to paycheck, but look at YOU like YOU'RE the crazy one for working for yourself from home and being an entrepreneur, even though you are making more money than them. GET OUT OF THE CYCLE. Invest in yourself. You're worth more than you think.



#GoAndBeGreat, #Th3rdFx

About Me:

A disciple of Pip Society and honestly it's the best decision I've made in regard to moving toward financial freedom. My decision has given me back the most precious commodity we have and that is...TIME. Now it's my time to pay it forward. Let's #GoAndBeGreat

WHAT IS FOREX?

The Foreign Exchange Market, also known as Forex, is the largest decentralized trading market in the world. There are trillions of dollars being moved in the forex trading market daily. Banks and Market Makers control large transactions, which cause major movement in the market. With our trading strategy, we are learning the proper knowledge and analysis to profit by making the same major moves with the banks.