Anmol Singh is a Financial Trader and a Real Estate Investor/Entrepreneur. He founded LiveTraders.com, which teaches and funds those looking to start their career as a Trader.
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Upwork – Anmol’s small business resource
The Three Laws of Performance – Anmol’s Top Business Book
Prepping for Success – Anmol’s website
Connect with Anmol on PreppingForSuccess.com/Fire
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3 Value Bombs
1) Trading is not all glamor and shine – it’s actually a boring profession.
2) Never trade while drinking.
3) Be a person of integrity.
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(click the time stamp to jump directly to that point in the episode.)
[01:08] – Anmol started out as a stock market and foreign exchange currency trader
[01:24] – He’s also had other entrepreneurial ventures, like car franchises and real estate investments
[01:37] – Anmol has never had a job
[01:53] – He started his entrepreneurial career at 19 years old
[02:09] – He loves to read and learn
[02:41] – His area of expertise is in working with traders to help them see more clearly
[03:38] – Share something we don’t know about your area of expertise that as Entrepreneurs, we probably should: Trading is actually a very boring business
[04:44] – Worst Entrepreneurial Moment: When Anmol started his trading business, he had a naive outlook: that he was going to be a millionaire like The Wolf of Wall Street. During his first year, he lost a lot of money, and the biggest setback was when he looked at his college classmates who were working $100K / year jobs
[06:23] – Anmol shares his worst trade — trading while having a party
[07:31] – Anmol’s greatest trades are those he follows his plans for
[08:33] – Entrepreneurial AH-HA Moment: Anmol’s ah-ha moment was when he made himself a man of integrity by following through with what he said he’d do
[09:19] – Look at which part of your life lacks integrity
[09:59] – What is the one thing you are most FIRED up about today? “Recently, I’ve been diversifying into actually having physical businesses”
[10:48] – The Lightning Round
- What was holding you back from becoming an entrepreneur? – “My own self-doubt”
- What’s the best piece of advice you’ve ever received? – “Return on investment is more important than return on your ego”
- What’s a personal habit that contributes to your success? – “Being very self-aware and taking responsibility when I know I messed up”
- Share an internet resource, like Evernote, with Fire Nation – Upwork
- If you could recommend one book to our listeners, what would it be and why? – The Three Laws of Performance – “it actually gives you things and practices you can make a part of your life”
[12:33] – “You’re not going to be passionate about something you’re not good at”
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