I was a struggling business owner trying to make my business profitable. I really needed to find a way to earn more so I wouldn't have to work all hours of the day (and night).
I wanted to be able to spend less time at work and more time with my growing family, reduce the stress so I could spend more time enjoying life, following my passions and hobbies, seeing more of the world and helping others. There had to be more to life than work, work, work!
It was just after the 2008 crash.
I was not able to find new clients, work was drying up and I couldn't afford to pay my staff (let alone me).
That meant I wasn’t able to spend more quality time with my wife and see my kids grow up as much as I wanted (or should have).
Taxes were being raised, inflation was up, the economy wasn’t growing and the whole world had stagnated. and it had become a very frightening place.
I wonder how many had pensions or investments and savings with Enron, AIG, Bernie Madoff, Lehman Brothers and many others that had shrunk right down or had simply disappeared.
I felt even worse about the situation because my wife was working 2 jobs to keep the money coming in but we were still sinking.
To make things worse, I felt terrible because my wife became ill as she was so stressed, I was stressed because she was stressed and then started to suffer from depression and I was becoming a grumpy old man way ahead of time. I was not a fun person to be with.
I felt like no matter how hard we worked it made no financial difference, money kept pouring out and the taxman was knocking on the door.
The problem was that our top client got into financial difficulty and pulled the plug overnight. We were a small company with 22 staff but without that monthly income it meant I was funding the business and staff salaries out of my own pocket (read overdraft), my income had dropped by 80% but my overheads and commitments were still going up.
The banks didn't want to know (why would they with governments pouring in BILLIONS of dollars to their coffers?). It made sense to them to do NOTHING and still get paid very nice bonuses thank you very much.
It got worse - this was no short term problem.
I was on the brink of going down for the 3rd time.
Then, as if by chance, something amazing happened...
That's when I read a book called "Rich Dad Poor Dad" by Robert Kiyosaki all about making money work for you, working on a business not in a business and how to start generating passive income streams!
I devoured the book and it was now crystal clear to me how to you can make money whilst you sleep, because I saw money would flow in; even when I wasn't working!
I also learned that working longer hours doesn't mean you get paid more, you need to seek out passive income streams, work smarter not harder instead and TAKE ACTION.
As a result, I educated myself to be financial aware so I could recognise and attract opportunities. No longer would I rely on banks or so called "Financial Experts".
After I did that, I started making money whilst I slept, went on vacation when I wanted and just hung out with my friends & family.
Suddenly, I was seeing my investments rise in value almost every day and I wasn't doing anything!
That’s when I realised that the secret to making me wealthy was to have many passive income streams.
Part of my plan was to start to learn how to trade consistently and profitably in both Stocks & Forex.
So I started studying the master traders and how they made their millions. But I didn’t stop there.
I then modelled their strategies and made it easy for others to learn the process.
After that, I started to promote the training online.
But there was still a problem...
It was still a relatively new concept - "Trading From Home". It was complicated to find the right software and get going.
You also had to find a reliable & fair broker, trade profitably and everything was full or jargon. And of course, in those days broadband was in its infancy and the "cloud" was a long way off!
It seemed like you were expected to study like a Wall Street Trader, understand complex price charts, read company financials and be constantly scanning the ticker for updates.
It also required the user to be at the trading screen for most of day rather than being out enjoying life with friends and family, out shopping, pottering in the shed or enjoying your hobbies.
I ended up getting so frustrated that I decided to only use strategies and systems that were easy to setup, zero or very cheap to get into, required a minimum of knowledge and experience and took as little as 15 minutes a day.
I thought if we could create something that would make it possible to allow the average person, with average means the training and opportunity to create additional income streams, we’d all be really happy.
After a couple of years and lots of late nights, failed attempts and dodgy brokers, I created Deckchair Trader.
I can now trade any currency pair or stock with a reliable, consistent, easy to understand strategy that can be setup in under an hour and will work when the markets are Bullish or Bearish (but hey that's jargon why don't we just say "go up or down.)
We then started to let other similar like-minded guys like yourself into Deckchair Trader.
As a result of all this we were able to achieve the following:
We now have a system that is so easy to setup, use on a day to day basis and is built up around using low risk trading strategies and requires just 15 minutes a day to plan and oversee the trades. I have also discovered how to ensure any trading profits are TAX FREE! perfectly legal and UK government approved (no offshore accounts required!)
My main focus now is to make sure that you are in the 20% that make a profit from trading through training, discipline, strategy and ability to follow directions.
As a result of reading Rich Dad Poor Dad and the actions I took, I was able to afford a nice water front property, purchase various buy to let investment properties, start up additional passive income projects and take longer and more enjoyable vacations.
We now have time to give more back, we sponsor several children in Africa and have started to get more involved in our neighbourhood, I’ve also been able to stop working very long hours 7 days a week, because we now have several passive income streams that support our new lifestyle.
And in the end, all of this means I’m now able to spend more time with my wife & kids, enjoy the hobbies I thought I would never have time for again, potter in the man cave or shed, travel more and seek out new investment opportunities and exciting projects.
My kids are now more financially aware as a result so they have started to become financially astute and independently rich (or getting there) without slogging their guts out for the years ahead.
Hi, my name is Tim Titchmarsh the owner and main contributor to Deckchair Trader.
I'm an entrepreneur who is into trading, software development and new business opportunities.
I also love the roar of a Merlin engine, aircraft all of ages and types and classic cars.
I also love nature and the beauty and grace of the Kingfisher.