What Types of Retirement Accounts Exist & How Do You Know Which One is Right for You?
Jenny Taylor • November 15, 2022
With so many different types of retirement accounts, how do you know which one is right for you? It may be easier than you think to decide what the best option is.
Employee Sponsored Retirement Accounts
First of all, if you work for an employer that provides retirement benefits in an employee sponsored retirement account, then the decision has already been made for you.
Depending on where you work, such as a for-profit company, a non-profit company, or the government, you may have a 401K, 403B or Thrift Savings Plan (TSP).
Often these employers will match your contributions up to a certain percentage, say 3-5%.
But what about those that are either self-employed or work for a company that doesn’t have
retirement benefits?
Traditional IRAs and Roth IRAs
The two main types of self-directed retirement accounts are the Traditional Individual Retirement Account (Trad IRA) and the Roth Individual Retirement Account (Roth IRA).
The main difference between these two is WHEN you pay taxes on the money contributed and distributed/withdrawn. Money contributed to a Traditional IRA is considered pre-tax and would count as a deduction on your earned income for that tax year. This means that when you take distributions (remove the money), you will pay taxes upon distribution. In other words, the money invested is tax deferred until you take distributions.
The Roth IRA is different because you pay taxes on the income that is contributed to the account. The money contributed and any gains are tax-free in retirement. For a great comparison chart see
this article
at Investopedia. There are income limits with the Roth IRA, which adjusts most years, you can review that in the article listed as well.
Generally speaking, both types of retirement accounts have maximum contribution limits for 2022 of $6,000; or $7,000, if age 50 or older. For 2023 these limits are increasing to $6,500; or $7,500, if age 50 or older.
If you have both types of accounts the combined total contributed between the two must not exceed the overall IRA contribution limit for that tax year. An example of this would be that someone under 50 could contribute $3,000 to a Trad IRA and another $3,000 to a Roth for the tax year 2022 for a total of $6,000 max between the two types of accounts.
How Would You Decide Between a Traditional IRA and a Roth IRA?
You should consider asking yourself this important question: Will I pay more in my taxes on my earnings now than when I retire?
You may have more tax credits or deductions now compared to when you are retired and taking distributions from your Trad IRA, so you may end up paying more in taxes once retired, especially if you are still working and also have to start taking distributions.
Whereas, if you contribute to a Roth IRA now, you will pay taxes on those earnings now and be able to withdraw them tax free upon retirement.
We recommend speaking with a Tax Attorney or CPA to discuss eligibility for retirement
accounts because if you also work for an employer that provides retirement benefits, there are limits on how much you can contribute to self-directed IRAs. They could also possibly discuss what your tax situation would look like upon retirement to help you decide which type of self-directed account best suits your personal financial needs.
Either way you go though, saving for retirement is important, so start saving as early in your life as you can and if you haven’t started yet, there is no time like the present! Get an IRA account opened and start contributing, even just $50 a month if you can! Be consistent!
At TRADEway, we’re here to help with your short-term trading or long-term investment needs–we have programs available which can educate and support you through whatever path you decide to take. Want to be more active in your investments? Want to take a more passive approach? Either way, we have something that could help your family. Reach out TODAY!
Did you love this? Share it with your family & friends!
By Dave Huber
•
April 21, 2025
➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/challenge There’s a saying about day trading: “Day trading is the hardest easy money you’ll ever make.” The thing is, when it comes to trading, the shorter the time frame, the harder it is to become profitable. If you place a trade and close it that same day, it’s going to be very challenging for you as a new trader to make a profit from that trade. If you place a trade that lasts longer–say a few weeks–and then close it, it will be much easier for you to become profitable. If you were new to skiing, you wouldn’t start on the hardest, most dangerous slopes. You would start on the bunny hill. The thing is, day trading can be lethal to new traders’ brokerage accounts. Nothing drains their accounts faster. Trades that last days or weeks will require a little more patience, it’s true–but this style of trading can absolutely change your life.
By Dave Huber
•
April 21, 2025
➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/challenge There’s a saying about day trading: “Day trading is the hardest easy money you’ll ever make.” The thing is, when it comes to trading, the shorter the time frame, the harder it is to become profitable. If you place a trade and close it that same day, it’s going to be very challenging for you as a new trader to make a profit from that trade. If you place a trade that lasts longer–say a few weeks–and then close it, it will be much easier for you to become profitable. If you were new to skiing, you wouldn’t start on the hardest, most dangerous slopes. You would start on the bunny hill. The thing is, day trading can be lethal to new traders’ brokerage accounts. Nothing drains their accounts faster. Trades that last days or weeks will require a little more patience, it’s true–but this style of trading can absolutely change your life.
By Dave Huber
•
April 14, 2025
➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/challenge When people decide they want to learn how to become a stock trader, they often worry about doing it right and not making costly mistakes. The truth is, stock trading can be simplified into four essential skills that you must master to become great at it. All the rest you can stop worrying about. There’s a lot of noise in the stock market, and part of becoming a great trader is learning what to focus on and what to tune out. Over time, you’ll learn some of the things that people put a lot of ‘stock in’ don’t matter at all. Here are five things I didn’t do to become an effective trader: I wasn’t profitable every month I didn’t get everything right the first time 3. I didn’t blame others when trades went against me I didn’t wait around until I felt like an expert I didn’t figure out everything by myself How to get started learning how to trade ➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/challenge
By Dave Huber
•
April 14, 2025
➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/challenge When people decide they want to learn how to become a stock trader, they often worry about doing it right and not making costly mistakes. The truth is, stock trading can be simplified into four essential skills that you must master to become great at it. All the rest you can stop worrying about. There’s a lot of noise in the stock market, and part of becoming a great trader is learning what to focus on and what to tune out. Over time, you’ll learn some of the things that people put a lot of ‘stock in’ don’t matter at all. Here are five things I didn’t do to become an effective trader. 00:00 - 5 things I didn’t do to become an effective trader 00:06 - I wasn’t profitable every month 01:04 - I didn’t get everything right the first time 02:00 - I didn’t blame others when trades went against me 02:57 - I didn’t wait around until I felt like an expert 04:23 - I didn’t figure out everything by myself 05:44 - How to get started learning how to trade ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL ➡️ Join our upcoming Unlock the Stock Market Challenge HERE. Click Here to book a complimentary strategy session. MORE CONTENT: Rich People Do This With Money Hard Work Doesn't Build Wealth Mastering the Art of Trading Support and Resistance For Beginners Download the free guide “15 Daily Affirmations to Encourage and Inspire You in Your Trading Journey”: https://www.tradeway.com/affirmations Get started on your stock trading journey with one of our upcoming workshops or classes: https://www.tradeway.com/events .
By David Mitchell
•
April 7, 2025
Have you ever wondered if passive income could help you retire early? By passive income, I’m talking about income you make from investments where you’re essentially doing nothing. It’s usually your financial advisor who’s managing it–and not even really the financial advisor, but the company they work for. Financial advisors are trying to create a return on investment for you. But are these returns, on average, enough to retire early? That’s what we’re going to be talking about today. ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL: https://www.youtube.com/@TRADEway ➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/unlock-the-stock-market Click here to book a complimentary strategy session: https://www.tradeway.com/call MORE CONTENT: What Will Trump's Economic Plan Mean for You? Trading For Beginners Unlock Your Entrepreneurial Spirit These 3 Money Habits Keep You Stuck Does the Bible Teach Money Secrets? Download the free guide “10 Steps to Choosing Your First Stock to Trade”: https://www.tradeway.com/guide Get started on your stock trading journey with one of our upcoming workshops or classes: tradeway.com/events
By David Mitchell
•
April 7, 2025
Have you ever wondered if passive income could help you retire early? By passive income, I’m talking about income you make from investments where you’re essentially doing nothing. It’s usually your financial advisor who’s managing it–and not even really the financial advisor, but the company they work for. Financial advisors are trying to create a return on investment for you. But are these returns, on average, enough to retire early? That’s what we’re going to be talking about today.
By David Mitchell
•
April 2, 2025
Have you ever felt like no matter how hard you work, you’re just spinning your wheels financially? You’re not alone. Millions of people struggle with money, and it’s not because they don’t work hard enough—it’s because they’re caught in three common financial traps . These money habits keep people stuck, preventing them from building real wealth and achieving financial freedom. But here’s the good news: you can break free. By shifting your mindset and applying a few key strategies, you can change your financial future forever. Let’s dive into the three biggest money habits that keep people stuck—and what you should do instead.
By Dave Huber
•
March 31, 2025
Today I’m going to teach you the three things that will drastically change your relationship with money. Anyone with money problems of any kind probably doesn’t know one or more of these three things. So if that’s you, buckle up, because we’re going to fly through them together so we can obliterate those money worries. ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL ➡️ Join our upcoming Unlock the Stock Market Challenge HERE. Click Here to book a complimentary strategy session. MORE CONTENT: Rich People Do This With Money Hard Work Doesn't Build Wealth Mastering the Art of Trading Support and Resistance For Beginners Download the free guide “15 Daily Affirmations to Encourage and Inspire You in Your Trading Journey”: https://www.tradeway.com/affirmations Get started on your stock trading journey with one of our upcoming workshops or classes: https://www.tradeway.com/events .
By Dave Huber
•
March 31, 2025
➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/unlock-the-stock-market Today I’m going to teach you the three things that will drastically change your relationship with money. Anyone with money problems of any kind probably doesn’t know one or more of these three things. So if that’s you, buckle up, because we’re going to fly through them together so we can obliterate those money worries.
By Dave Huber
•
March 24, 2025
There are those that think debt is evil and should never be used by God’s people. They think it’s just a trap to enslave others. And then, there are those who believe that debt can help you create wealth–when used correctly. So which one is it? Let’s look at the story of Elijah and the widow’s oil to explore this topic more deeply...
By Dave Huber
•
April 21, 2025
➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/challenge There’s a saying about day trading: “Day trading is the hardest easy money you’ll ever make.” The thing is, when it comes to trading, the shorter the time frame, the harder it is to become profitable. If you place a trade and close it that same day, it’s going to be very challenging for you as a new trader to make a profit from that trade. If you place a trade that lasts longer–say a few weeks–and then close it, it will be much easier for you to become profitable. If you were new to skiing, you wouldn’t start on the hardest, most dangerous slopes. You would start on the bunny hill. The thing is, day trading can be lethal to new traders’ brokerage accounts. Nothing drains their accounts faster. Trades that last days or weeks will require a little more patience, it’s true–but this style of trading can absolutely change your life.
By Dave Huber
•
April 21, 2025
➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/challenge There’s a saying about day trading: “Day trading is the hardest easy money you’ll ever make.” The thing is, when it comes to trading, the shorter the time frame, the harder it is to become profitable. If you place a trade and close it that same day, it’s going to be very challenging for you as a new trader to make a profit from that trade. If you place a trade that lasts longer–say a few weeks–and then close it, it will be much easier for you to become profitable. If you were new to skiing, you wouldn’t start on the hardest, most dangerous slopes. You would start on the bunny hill. The thing is, day trading can be lethal to new traders’ brokerage accounts. Nothing drains their accounts faster. Trades that last days or weeks will require a little more patience, it’s true–but this style of trading can absolutely change your life.
By Dave Huber
•
April 14, 2025
➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/challenge When people decide they want to learn how to become a stock trader, they often worry about doing it right and not making costly mistakes. The truth is, stock trading can be simplified into four essential skills that you must master to become great at it. All the rest you can stop worrying about. There’s a lot of noise in the stock market, and part of becoming a great trader is learning what to focus on and what to tune out. Over time, you’ll learn some of the things that people put a lot of ‘stock in’ don’t matter at all. Here are five things I didn’t do to become an effective trader: I wasn’t profitable every month I didn’t get everything right the first time 3. I didn’t blame others when trades went against me I didn’t wait around until I felt like an expert I didn’t figure out everything by myself How to get started learning how to trade ➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/challenge
By Dave Huber
•
April 14, 2025
➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/challenge When people decide they want to learn how to become a stock trader, they often worry about doing it right and not making costly mistakes. The truth is, stock trading can be simplified into four essential skills that you must master to become great at it. All the rest you can stop worrying about. There’s a lot of noise in the stock market, and part of becoming a great trader is learning what to focus on and what to tune out. Over time, you’ll learn some of the things that people put a lot of ‘stock in’ don’t matter at all. Here are five things I didn’t do to become an effective trader. 00:00 - 5 things I didn’t do to become an effective trader 00:06 - I wasn’t profitable every month 01:04 - I didn’t get everything right the first time 02:00 - I didn’t blame others when trades went against me 02:57 - I didn’t wait around until I felt like an expert 04:23 - I didn’t figure out everything by myself 05:44 - How to get started learning how to trade ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL ➡️ Join our upcoming Unlock the Stock Market Challenge HERE. Click Here to book a complimentary strategy session. MORE CONTENT: Rich People Do This With Money Hard Work Doesn't Build Wealth Mastering the Art of Trading Support and Resistance For Beginners Download the free guide “15 Daily Affirmations to Encourage and Inspire You in Your Trading Journey”: https://www.tradeway.com/affirmations Get started on your stock trading journey with one of our upcoming workshops or classes: https://www.tradeway.com/events .
By David Mitchell
•
April 7, 2025
Have you ever wondered if passive income could help you retire early? By passive income, I’m talking about income you make from investments where you’re essentially doing nothing. It’s usually your financial advisor who’s managing it–and not even really the financial advisor, but the company they work for. Financial advisors are trying to create a return on investment for you. But are these returns, on average, enough to retire early? That’s what we’re going to be talking about today. ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL: https://www.youtube.com/@TRADEway ➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/unlock-the-stock-market Click here to book a complimentary strategy session: https://www.tradeway.com/call MORE CONTENT: What Will Trump's Economic Plan Mean for You? Trading For Beginners Unlock Your Entrepreneurial Spirit These 3 Money Habits Keep You Stuck Does the Bible Teach Money Secrets? Download the free guide “10 Steps to Choosing Your First Stock to Trade”: https://www.tradeway.com/guide Get started on your stock trading journey with one of our upcoming workshops or classes: tradeway.com/events
By David Mitchell
•
April 7, 2025
Have you ever wondered if passive income could help you retire early? By passive income, I’m talking about income you make from investments where you’re essentially doing nothing. It’s usually your financial advisor who’s managing it–and not even really the financial advisor, but the company they work for. Financial advisors are trying to create a return on investment for you. But are these returns, on average, enough to retire early? That’s what we’re going to be talking about today.
By David Mitchell
•
April 2, 2025
Have you ever felt like no matter how hard you work, you’re just spinning your wheels financially? You’re not alone. Millions of people struggle with money, and it’s not because they don’t work hard enough—it’s because they’re caught in three common financial traps . These money habits keep people stuck, preventing them from building real wealth and achieving financial freedom. But here’s the good news: you can break free. By shifting your mindset and applying a few key strategies, you can change your financial future forever. Let’s dive into the three biggest money habits that keep people stuck—and what you should do instead.
By Dave Huber
•
March 31, 2025
Today I’m going to teach you the three things that will drastically change your relationship with money. Anyone with money problems of any kind probably doesn’t know one or more of these three things. So if that’s you, buckle up, because we’re going to fly through them together so we can obliterate those money worries. ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL ➡️ Join our upcoming Unlock the Stock Market Challenge HERE. Click Here to book a complimentary strategy session. MORE CONTENT: Rich People Do This With Money Hard Work Doesn't Build Wealth Mastering the Art of Trading Support and Resistance For Beginners Download the free guide “15 Daily Affirmations to Encourage and Inspire You in Your Trading Journey”: https://www.tradeway.com/affirmations Get started on your stock trading journey with one of our upcoming workshops or classes: https://www.tradeway.com/events .
By Dave Huber
•
March 31, 2025
➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/unlock-the-stock-market Today I’m going to teach you the three things that will drastically change your relationship with money. Anyone with money problems of any kind probably doesn’t know one or more of these three things. So if that’s you, buckle up, because we’re going to fly through them together so we can obliterate those money worries.
By Dave Huber
•
March 24, 2025
There are those that think debt is evil and should never be used by God’s people. They think it’s just a trap to enslave others. And then, there are those who believe that debt can help you create wealth–when used correctly. So which one is it? Let’s look at the story of Elijah and the widow’s oil to explore this topic more deeply...
By Dave Huber
•
April 21, 2025
➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/challenge There’s a saying about day trading: “Day trading is the hardest easy money you’ll ever make.” The thing is, when it comes to trading, the shorter the time frame, the harder it is to become profitable. If you place a trade and close it that same day, it’s going to be very challenging for you as a new trader to make a profit from that trade. If you place a trade that lasts longer–say a few weeks–and then close it, it will be much easier for you to become profitable. If you were new to skiing, you wouldn’t start on the hardest, most dangerous slopes. You would start on the bunny hill. The thing is, day trading can be lethal to new traders’ brokerage accounts. Nothing drains their accounts faster. Trades that last days or weeks will require a little more patience, it’s true–but this style of trading can absolutely change your life.
By Dave Huber
•
April 21, 2025
➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/challenge There’s a saying about day trading: “Day trading is the hardest easy money you’ll ever make.” The thing is, when it comes to trading, the shorter the time frame, the harder it is to become profitable. If you place a trade and close it that same day, it’s going to be very challenging for you as a new trader to make a profit from that trade. If you place a trade that lasts longer–say a few weeks–and then close it, it will be much easier for you to become profitable. If you were new to skiing, you wouldn’t start on the hardest, most dangerous slopes. You would start on the bunny hill. The thing is, day trading can be lethal to new traders’ brokerage accounts. Nothing drains their accounts faster. Trades that last days or weeks will require a little more patience, it’s true–but this style of trading can absolutely change your life.
By Dave Huber
•
April 14, 2025
➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/challenge When people decide they want to learn how to become a stock trader, they often worry about doing it right and not making costly mistakes. The truth is, stock trading can be simplified into four essential skills that you must master to become great at it. All the rest you can stop worrying about. There’s a lot of noise in the stock market, and part of becoming a great trader is learning what to focus on and what to tune out. Over time, you’ll learn some of the things that people put a lot of ‘stock in’ don’t matter at all. Here are five things I didn’t do to become an effective trader: I wasn’t profitable every month I didn’t get everything right the first time 3. I didn’t blame others when trades went against me I didn’t wait around until I felt like an expert I didn’t figure out everything by myself How to get started learning how to trade ➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/challenge
By Dave Huber
•
April 14, 2025
➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/challenge When people decide they want to learn how to become a stock trader, they often worry about doing it right and not making costly mistakes. The truth is, stock trading can be simplified into four essential skills that you must master to become great at it. All the rest you can stop worrying about. There’s a lot of noise in the stock market, and part of becoming a great trader is learning what to focus on and what to tune out. Over time, you’ll learn some of the things that people put a lot of ‘stock in’ don’t matter at all. Here are five things I didn’t do to become an effective trader. 00:00 - 5 things I didn’t do to become an effective trader 00:06 - I wasn’t profitable every month 01:04 - I didn’t get everything right the first time 02:00 - I didn’t blame others when trades went against me 02:57 - I didn’t wait around until I felt like an expert 04:23 - I didn’t figure out everything by myself 05:44 - How to get started learning how to trade ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL ➡️ Join our upcoming Unlock the Stock Market Challenge HERE. Click Here to book a complimentary strategy session. MORE CONTENT: Rich People Do This With Money Hard Work Doesn't Build Wealth Mastering the Art of Trading Support and Resistance For Beginners Download the free guide “15 Daily Affirmations to Encourage and Inspire You in Your Trading Journey”: https://www.tradeway.com/affirmations Get started on your stock trading journey with one of our upcoming workshops or classes: https://www.tradeway.com/events .
By David Mitchell
•
April 7, 2025
Have you ever wondered if passive income could help you retire early? By passive income, I’m talking about income you make from investments where you’re essentially doing nothing. It’s usually your financial advisor who’s managing it–and not even really the financial advisor, but the company they work for. Financial advisors are trying to create a return on investment for you. But are these returns, on average, enough to retire early? That’s what we’re going to be talking about today. ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL: https://www.youtube.com/@TRADEway ➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/unlock-the-stock-market Click here to book a complimentary strategy session: https://www.tradeway.com/call MORE CONTENT: What Will Trump's Economic Plan Mean for You? Trading For Beginners Unlock Your Entrepreneurial Spirit These 3 Money Habits Keep You Stuck Does the Bible Teach Money Secrets? Download the free guide “10 Steps to Choosing Your First Stock to Trade”: https://www.tradeway.com/guide Get started on your stock trading journey with one of our upcoming workshops or classes: tradeway.com/events
By David Mitchell
•
April 7, 2025
Have you ever wondered if passive income could help you retire early? By passive income, I’m talking about income you make from investments where you’re essentially doing nothing. It’s usually your financial advisor who’s managing it–and not even really the financial advisor, but the company they work for. Financial advisors are trying to create a return on investment for you. But are these returns, on average, enough to retire early? That’s what we’re going to be talking about today.
By David Mitchell
•
April 2, 2025
Have you ever felt like no matter how hard you work, you’re just spinning your wheels financially? You’re not alone. Millions of people struggle with money, and it’s not because they don’t work hard enough—it’s because they’re caught in three common financial traps . These money habits keep people stuck, preventing them from building real wealth and achieving financial freedom. But here’s the good news: you can break free. By shifting your mindset and applying a few key strategies, you can change your financial future forever. Let’s dive into the three biggest money habits that keep people stuck—and what you should do instead.
By Dave Huber
•
March 31, 2025
Today I’m going to teach you the three things that will drastically change your relationship with money. Anyone with money problems of any kind probably doesn’t know one or more of these three things. So if that’s you, buckle up, because we’re going to fly through them together so we can obliterate those money worries. ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL ➡️ Join our upcoming Unlock the Stock Market Challenge HERE. Click Here to book a complimentary strategy session. MORE CONTENT: Rich People Do This With Money Hard Work Doesn't Build Wealth Mastering the Art of Trading Support and Resistance For Beginners Download the free guide “15 Daily Affirmations to Encourage and Inspire You in Your Trading Journey”: https://www.tradeway.com/affirmations Get started on your stock trading journey with one of our upcoming workshops or classes: https://www.tradeway.com/events .
By Dave Huber
•
March 31, 2025
➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/unlock-the-stock-market Today I’m going to teach you the three things that will drastically change your relationship with money. Anyone with money problems of any kind probably doesn’t know one or more of these three things. So if that’s you, buckle up, because we’re going to fly through them together so we can obliterate those money worries.
By Dave Huber
•
March 24, 2025
There are those that think debt is evil and should never be used by God’s people. They think it’s just a trap to enslave others. And then, there are those who believe that debt can help you create wealth–when used correctly. So which one is it? Let’s look at the story of Elijah and the widow’s oil to explore this topic more deeply...
By Dave Huber
•
April 21, 2025
➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/challenge There’s a saying about day trading: “Day trading is the hardest easy money you’ll ever make.” The thing is, when it comes to trading, the shorter the time frame, the harder it is to become profitable. If you place a trade and close it that same day, it’s going to be very challenging for you as a new trader to make a profit from that trade. If you place a trade that lasts longer–say a few weeks–and then close it, it will be much easier for you to become profitable. If you were new to skiing, you wouldn’t start on the hardest, most dangerous slopes. You would start on the bunny hill. The thing is, day trading can be lethal to new traders’ brokerage accounts. Nothing drains their accounts faster. Trades that last days or weeks will require a little more patience, it’s true–but this style of trading can absolutely change your life.
By Dave Huber
•
April 21, 2025
➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/challenge There’s a saying about day trading: “Day trading is the hardest easy money you’ll ever make.” The thing is, when it comes to trading, the shorter the time frame, the harder it is to become profitable. If you place a trade and close it that same day, it’s going to be very challenging for you as a new trader to make a profit from that trade. If you place a trade that lasts longer–say a few weeks–and then close it, it will be much easier for you to become profitable. If you were new to skiing, you wouldn’t start on the hardest, most dangerous slopes. You would start on the bunny hill. The thing is, day trading can be lethal to new traders’ brokerage accounts. Nothing drains their accounts faster. Trades that last days or weeks will require a little more patience, it’s true–but this style of trading can absolutely change your life.
By Dave Huber
•
April 14, 2025
➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/challenge When people decide they want to learn how to become a stock trader, they often worry about doing it right and not making costly mistakes. The truth is, stock trading can be simplified into four essential skills that you must master to become great at it. All the rest you can stop worrying about. There’s a lot of noise in the stock market, and part of becoming a great trader is learning what to focus on and what to tune out. Over time, you’ll learn some of the things that people put a lot of ‘stock in’ don’t matter at all. Here are five things I didn’t do to become an effective trader: I wasn’t profitable every month I didn’t get everything right the first time 3. I didn’t blame others when trades went against me I didn’t wait around until I felt like an expert I didn’t figure out everything by myself How to get started learning how to trade ➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/challenge
By Dave Huber
•
April 14, 2025
➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/challenge When people decide they want to learn how to become a stock trader, they often worry about doing it right and not making costly mistakes. The truth is, stock trading can be simplified into four essential skills that you must master to become great at it. All the rest you can stop worrying about. There’s a lot of noise in the stock market, and part of becoming a great trader is learning what to focus on and what to tune out. Over time, you’ll learn some of the things that people put a lot of ‘stock in’ don’t matter at all. Here are five things I didn’t do to become an effective trader. 00:00 - 5 things I didn’t do to become an effective trader 00:06 - I wasn’t profitable every month 01:04 - I didn’t get everything right the first time 02:00 - I didn’t blame others when trades went against me 02:57 - I didn’t wait around until I felt like an expert 04:23 - I didn’t figure out everything by myself 05:44 - How to get started learning how to trade ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL ➡️ Join our upcoming Unlock the Stock Market Challenge HERE. Click Here to book a complimentary strategy session. MORE CONTENT: Rich People Do This With Money Hard Work Doesn't Build Wealth Mastering the Art of Trading Support and Resistance For Beginners Download the free guide “15 Daily Affirmations to Encourage and Inspire You in Your Trading Journey”: https://www.tradeway.com/affirmations Get started on your stock trading journey with one of our upcoming workshops or classes: https://www.tradeway.com/events .
By David Mitchell
•
April 7, 2025
Have you ever wondered if passive income could help you retire early? By passive income, I’m talking about income you make from investments where you’re essentially doing nothing. It’s usually your financial advisor who’s managing it–and not even really the financial advisor, but the company they work for. Financial advisors are trying to create a return on investment for you. But are these returns, on average, enough to retire early? That’s what we’re going to be talking about today. ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL: https://www.youtube.com/@TRADEway ➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/unlock-the-stock-market Click here to book a complimentary strategy session: https://www.tradeway.com/call MORE CONTENT: What Will Trump's Economic Plan Mean for You? Trading For Beginners Unlock Your Entrepreneurial Spirit These 3 Money Habits Keep You Stuck Does the Bible Teach Money Secrets? Download the free guide “10 Steps to Choosing Your First Stock to Trade”: https://www.tradeway.com/guide Get started on your stock trading journey with one of our upcoming workshops or classes: tradeway.com/events
By David Mitchell
•
April 7, 2025
Have you ever wondered if passive income could help you retire early? By passive income, I’m talking about income you make from investments where you’re essentially doing nothing. It’s usually your financial advisor who’s managing it–and not even really the financial advisor, but the company they work for. Financial advisors are trying to create a return on investment for you. But are these returns, on average, enough to retire early? That’s what we’re going to be talking about today.
By David Mitchell
•
April 2, 2025
Have you ever felt like no matter how hard you work, you’re just spinning your wheels financially? You’re not alone. Millions of people struggle with money, and it’s not because they don’t work hard enough—it’s because they’re caught in three common financial traps . These money habits keep people stuck, preventing them from building real wealth and achieving financial freedom. But here’s the good news: you can break free. By shifting your mindset and applying a few key strategies, you can change your financial future forever. Let’s dive into the three biggest money habits that keep people stuck—and what you should do instead.
By Dave Huber
•
March 31, 2025
Today I’m going to teach you the three things that will drastically change your relationship with money. Anyone with money problems of any kind probably doesn’t know one or more of these three things. So if that’s you, buckle up, because we’re going to fly through them together so we can obliterate those money worries. ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL ➡️ Join our upcoming Unlock the Stock Market Challenge HERE. Click Here to book a complimentary strategy session. MORE CONTENT: Rich People Do This With Money Hard Work Doesn't Build Wealth Mastering the Art of Trading Support and Resistance For Beginners Download the free guide “15 Daily Affirmations to Encourage and Inspire You in Your Trading Journey”: https://www.tradeway.com/affirmations Get started on your stock trading journey with one of our upcoming workshops or classes: https://www.tradeway.com/events .
By Dave Huber
•
March 31, 2025
➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/unlock-the-stock-market Today I’m going to teach you the three things that will drastically change your relationship with money. Anyone with money problems of any kind probably doesn’t know one or more of these three things. So if that’s you, buckle up, because we’re going to fly through them together so we can obliterate those money worries.
By Dave Huber
•
March 24, 2025
There are those that think debt is evil and should never be used by God’s people. They think it’s just a trap to enslave others. And then, there are those who believe that debt can help you create wealth–when used correctly. So which one is it? Let’s look at the story of Elijah and the widow’s oil to explore this topic more deeply...