I lost everything in FNO

F&O
2

Right.
Having spent some time above identifying what all you don’t have,
let us now maybe spend some time identifying what all you do have.

Guesses about what @Aj_O has that others sometimes/often don’t -

(Do share if any of the following guesses are incorrect)

  1. Parents
  2. A roof over your head (in Delhi!)
  3. A strong work-ethic.
  4. Awareness of the importance of health at a very young age.
  5. A steady paying job.
  6. A good understanding of one’s finances.
  7. Integrity to not try illegal means to earn money.
  8. Pride to not ask for charity.
  9. A BCom degree since 2022.
  10. A good grasp over English to clearly communicate your point across.
  11. Time on your side. At 23 years of age, you have decades ahead of you.
  12. And proper direction i.e. an idea…

…that is, the “direction” now can be focusing on

  • taking care of yourself this upcoming winter in Delhi
  • continuing to slowly repay your loans
  • spending any time you can spare
    • going through freely available resources online to
      • up-skill yourself and make yourself efficient at your existing job
      • pick any basics/details of higher-studies/certifications that you are interested in
  • eventually accumulate savings to pursue higher-studies/CA/CS/CFA.

If you do the math of your recent finances,
would it be accurate to say that, without the losses in trading,
you might have had enough saved to enroll yourself into an open-university by now?

If yes, then knowing what you know now (which AJ_O 1.0 did not),
that’s probably what AJ_O 2.0 can achieve now!

BTW, IMHO, the principles of Lean F,I,R,E [1] [2]
can be one way into the world of financial stability.
(though some of the steps maybe forced on you by your financial conditions, and not a choice.)

If you have time on your hands, do checkout this 6-part series that helped me focus on the psychology first, which later immensely helped in making better decisions financially.

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