107: Stop Dreaming and Take Action with Anmol Singh

Published: Aug. 3, 2016, 1 p.m.

Anmol Singh from LiveTraders.com\xa0shares his journey from stock trading, to becoming an independent trader, then diversifying with rental properties, online training courses, software, and tons of other areas. He shares with us:\n\n \this\xa0amazingly simple time management system that involves a simple notepad\n \this distinction between a "gig" and a business (and only doing\xa0those things that you're good at, that you also have a passion about)\n \tthat you should not only\xa0do what you say you'll do, but stop dreaming and take action\n\nDisplay TranscriptRobert Plank: Anmol Singh is a professional stock market trader and founder and CEO of multiple companies involved with education, finance, investing, social apps, real estate, all kinds of stuff. He's going to talk to us today about how he started those businesses and how he manages his time and runs those businesses. How are things today, Anmol?\n\nAnmol Singh: I'm great. Thanks for having me.\n\nRobert Plank: Cool. It sounds like you have a lot of stuff in progress, a lot of stuff you set up. How the heck did you get started with all this?\n\nAnmol Singh: It basically all started through trading. I was in my dorm room sitting back in university and we were figuring out different ways where we can perhaps get ahead rather than just looking for a job. That's how I was introduced to trading but just talking to my friends in the dorm room. Nobody really took any action, whereas I just went out there, researched about how the markets work, took a lot of courses, took a lot of education and then got started trading. After about 12 months or so of, I guess, dabbling in the markets and losing a little bit, I finally figured out my strategy and what I really wanted to do and how I really wanted to trade. From there it was a basically a snowball effect. When you're getting money in from trading, you have two things. Either you can withdraw it and you can spend that money, or you can take that money and invest it into other different businesses. I chose the different route. I chose to invest that money into other businesses.\n\nRobert Plank: Cool. I love that. It's a really nice comparison between you and your friends in college. I think that that's kind of the typical person, right? The typical person kind of knows about all of these things, does a little bit of reading, dreams a little bit, but doesn't actually take action. It sounds like you went ahead and made all the mistakes that there were to make and read all of the stuff there was to read. Then once you got past that initial little hump then all of these other things took off.\n\nAnmol Singh: Exactly. Taking action is what really differentiates people who achieve things from people who don't, because I could have sat in the dorm room and just talked about it. It was a fun discussion and then I could have gone out and done the usual thing or I could sacrifice maybe a couple of Saturday nights. Just sit in my dorm room and figure out what I should do next. It's those little things you give up, they're the ones that are going to get you to where you want to be.\n\nRobert Plank: Then, it's like you give it you at first, but then it pays off way, way later in the end. I think that I see a lot of people kind of fall into is that they'll talk a big game, or they'll talk about all the future plans and it's almost like talking too much about what you're going to do, almost makes you feel as if you've done it. Then once you've done it, you're not motivated to go ahead and do it. It sounds like you just went ahead instead of talking about it to every single person who'd listen, you just kind of quietly went and did your thing and then, well guess what? The thing that you're talking about can be your past actions, not your future dreams.\n\nAnmol Singh: Exactly. The way to think about this one is, you could either talk about what you're going to do, which is good too, you should always talk about your future goals, but you can either say, "Hey,