In this blog article I will discuss how you can make £100 per day as a more passive style of income from your savings by investing your money in the stock market. If it is your goal to make £100 per day, or you want to leave the rate race, please know this is absolutely possible. If you are a mother of small children and you are just sick of the balancing act you are required to do by society in managing a home and earning money, and you are looking for some more flexibility with how you earn money, please know, this is absolutely possible. Stock market traders take profit from the markets every single day – and you can be one of them. However, please note it requires patience, diligence, determination and discipline. If you do not have these qualities i’m afraid to say the stock market may not be for you. If you think you may be a good fit for the stock market and you want to make £100 per day in extra income, please read my helpful plan below. Everything starts with a plan!
How much money do you need, to make £100 per day?
Having a target of making £100 per day is a great goal and may keep you motivated. Traders can make anyting up to about 100% in gains on their capital balances per year. If we work backwards from this, there are 365 days in the year. Lets assume you have been reading Trader Pro blog articles, watching live trading on my Patreon account here:
https://www.patreon.com/Traderpro8320
and you have learnt how to achieve the same win rate and capital growth rate as as Trader Pro, (achieving a 60%/40% profit to loss and roughly a 1.5/1 reward risk ratio. Trader Pro ends up with growth worth about 100% of the capital balance each year. For confirmation and absolute assurance over my win rate, please see the performance stats section of my blog – here, where I publish reports from my broker:
https://trader-pro.co.uk/category/my-performance-statistics/
I publish the win rate I am achieving each week with Capital.com. I have shared this to provide my readers with confidence. There are many traders on the internet who are advising new and inexperienced traders incorrectly, and leading them to make losses which causes discouragement. (I was misled in this way).
Back to your plan…
So 365 days per year, x £100 = £36,500.
You would need a capital balance of £36,500 to make £100 per day, assuming you achieve 100% growth each year, like Trader Pro. Please note, nobody said this was going to be a get rich quick scheme – investing and wealth creation takes time and patience. If you haven’t read the book ‘Rich Dad, Poor Dad’, you are really encouraged to read this – don’t just take my word for it. You can watch a free audio version of this book on You Tube here:
As Robert Kiyosaki illustrates in his book, the best way to generate wealth is to start NOW and build it gradually. This book literally changed my life, and the way I look at money.
Right! back to your plan for generating £100 per day of income…
If you need £36,500 to make £100 per day, you may be wondering how long it would take to achieve this level of capital, on a particular starting balance. Please look at the simple excel calculation I have provided you with, below. The calulation below assumes you start with £1,000. This may be achievable for some people, perhaps not so much so, for others. However, the overall direction and power of growth is demonstrated quite clearly below. If you have less than £1,000 to start with, it will take a little longer to get it up and running, but with the £1,000 starting balance, you can be achieving £100 per day within roughly five years. This could be seen as a very healthy retirement income for some people and it’s not that long to wait to retire! According to Forbes, the average UK salary is currently £34,900:
With trading the stock market, you are able to place trades and do this work from anywhere in the world, including a beach in the Maldives. As a little piece of added inspiration, I’ve provided a photo for you…
You are not encouraged to take on debt to achieve a starting capital balance. It is much better if you can put a little bit of money asside to achieve this starting point. The audio book, Rich Dad Poor Dad discusses a lot of things which ‘typical’ people do in society – taking on credit card debt to fund ‘liabilities’. These liabilities include clothes, shoes, your HOUSE… Yes that’s right… you read that correctly – your house is a liability. The definition of an asset is something which will bring you an income. Since your house does not bring in income for you, your house is a constant expense (unless it’s being rented out – but you always need somewhere to live). So a possible way of saving money is to stop spending it on more ‘liabilities’.
So you have an overall goal… what’s next?
If you want to follow this blog and the way Trader Pro makes money, you are encouraged to manage your risk within your trading plan. I have written a separate article about managing risk which is linked here:
https://trader-pro.co.uk/category/risk-management/
I have also provided an article about preparing a trading plan, here, which you will need:
How to create a Trading Plan – Trader Pro (trader-pro.co.uk)
Once you have your goal, risk management and trading plan in place, all you need is your starting balance – whether that’s £100 or £1,000 and you are well on your way! Good luck.
For more great tips and advice on trading the stock market, please visit:
To watch me trade live please visit my patreon page here:
https://www.patreon.com/Traderpro8320
Finally, if you would like to receive a discount on the Trading View charting software I use, please click on the relevant link here: