We are having a good run right now!!!! Woohoo! I can’t hide my excitement. This weight loss has been really slow-going for the both of us and after the creeping on the scale and even the recent gain, it feels good that we are seeing some real movement. On to the numbers!

Weigh In

Food: How’d We Do?

Khaleef: The ill effects of the Crohn’s attack are pretty much behind me, so I have been able to eat normally for the last couple of weeks. Because of that, it’s been easier to hit my calorie goal for the day, but that also means that I am getting hungry earlier and I have to be careful with snacks throughout the day.

Sherrian: Well, the first week that I saw loss is because I ate pretty well. I’ve been having a lot of soup and then roasted chicken with salad for dinner. Then last week, I dealt with a bit of migraine pain so I couldn’t cook and my eating suffered. We ate out a few times. I actually hated it. I am looking forward to getting back on track so I can keep moving forward.

Exercise: How’d We Do?

Khaleef: Since changing my steps goal back to 5,000 per day, I have been able to hit my goal 5 days in each of the last 2 weeks! The next step is getting on the recumbent bike and using the exercise ball I got as a Christmas gift.

Sherrian: I haven’t exercised really with everything going on. My migraines were pretty bad and then fatigue and body pain were there when the headaches weren’t. (Yes, exactly the same as last time)

You Want To See Our Faces, Don’t You?

Of course you do. We posted a video on our YouTube weight loss channel talking about our weight, getting a new start, and our goals for the upcoming week. Watch the videos below:

Weigh-In

Khaleef here: The last time I weighed myself the scale hurt me by reading 307.8. This week (actually, it was last week since I wasn’t able to get on the scale this week) the scale read 303lbs. That means I lost 4.8lbs in the last 2 weeks!

Sherrian: I lost 5 lbs over the last couple weeks! .2 lbs over you-know-who *cough* *cough*, but since this is NOT a competition, I am just really happy with the loss! I am down 10 lbs FINALLY and I am excited to keep going.

You Want To Lose What?

You read that title correctly. We want to lose 250lbs combined. Once we are both comfortable with sharing our weight, then we will talk about how that goal breaks down between the two of us.

We have now lost 30.8lbs as a couple and have 219.2lbs to go in order to hit our goal.

So now this blog has turned into the story of us losing 250lbs while paying off over $100k of debt at the same time!

Next Week’s Focus:

Sherrian: Exercise! Exercise! Exercise! I know I sound like a broken record, but I am going to keep trying!

Fat Guy (Khaleef is boring): I still want to get at least 5,000 steps in at least 5 days, and I am trying hard even with this frigid weather and 25-30 inches of snow on the ground. A friend gave me an exercise ball for Christmas so I can try to do exercises that strengthen my core without added strain on my back, and I also plan to do work out on the bike at least once in the week.

Follow us on social media so you can support us and hold us accountable!

 

{ 0 comments }

How to Earn a Side Income with Currency Trading

Listen up folks, I found a good way to gain some more weight. I’m not talking about my belly, obviously, but about my wallet. And about yours, too. I’m talking about currency trading, I just discovered that recently and I’ve made some money with it. This is another way to earn extra money for paying off debt, saving for the future, or whatever you have on your financial to-do list.

For those of you who have no clue what currency trading is, no worries, it’s not rocket science. Basically, it means to sell one currency and buy another. Fairly simple. If you think the US dollar will gain in value compared to the Euro, you will exchange your Euros into US dollars. If the dollar really goes up, tadda, you will be richer.

That’s the basic idea behind it. It doesn’t require much technical skill and it doesn’t even require much money. Do I have your attention? Great, read on and learn more about it.

Currency pairs describe the relation of two currencies to each other; stick to the most common currencies, at least in the beginning!

The first thing you need to learn is that when trading currencies, you always look at two currencies and their relative value. When you check out these currency pairs, you will see that they are published like this: EUR/USD = 1.09. That means 1 EUR equals 1.09 USD.

Forex Trading Chart

The most commonly traded currencies are:

  • USD – US dollar
  • EUR – Euro
  • GBP – British pound sterling
  • JPY – Japanese yen
  • CHF – Swiss Franc
  • SEK – Swedish krona
  • AUD – Australian dollar
  • CAD – Canadian dollar

Of course, you can also trade other currencies, but at least in the beginning, I would stick to those because they provide more liquidity and it’s easier to find trading information.

One last word about currency pairs: There will be a bid price and an ask price. The bid price is the price that you will get if you sell the currency. The ask price is – you guessed it – the price that you will have to pay if you want to buy the currency. Obviously, the ask price will always be slightly higher than the bid price…the dealer wants to earn money as well.

Open a margin account and trade with higher volumes – that means you can earn more money, but you can also lose more

Ok, now that you know all that, let’s get to the point. How to make money? If you ever went on holidays abroad, you may have noticed that the value of a currency fluctuates, but not that much. Normally, the major currencies listed above don’t move more than 1 cent per day, which is less than 1%.

Hence, if you invested $1,000, you could gain up to $10. Not that much, huh? Obviously, it will take quite a long time to pay back your debt with such a margin. That’s why you need to open a margin account, for example with the broker Trade24.

A margin account will enable you to trade higher volumes. Basically, your broker will provide a short term loan. Usually, these accounts provide a leverage of 50:1 or 100:1. That means you only need to bring $1,000 and you can trade $100,000.

That will change your absolute return significantly. Let’s say you get the direction of the currency move right and you gain 1% per day. With an investment sum of $100,000, that’ll be $1,000. Much better, isn’t it? However, be careful!!! You can not only win more money, you can also lose more. It’s still trading after all, that means there is risk.

Learn the fundamentals of currency trading first, that will reduce your risk and increase your earnings potential!

We’ve always been told risk is not good, but honestly, it’s also not that bad. If there is no risk, there won’t be any return at all. Now having that said, you shouldn’t take any excessive risks, but Forex trading is actually not that risky, if you know what you are doing.

The internet offers a variety of tools that can assist you with your analysis. Definitely check out the Trade24 analytical tools. In the end, it comes down to predicting the right direction of the currency move. Therefore, you should understand economics and what drives the value of a currency.

Learn how to interpret GDP data, interest rates, monetary policies and geopolitical events. These things have an effect on currency valuation and if you know how to read the signs, currency trading will make you a decent amount of money. You don’t want your wallet to remain skinny for the rest of your life, do you?

{ 0 comments }

250lbs to Lose – Weigh Ins #7 & 8

January 7, 2016

Happy New Year everyone!!!! In the spirit of the New Year, we hope you’ll give us a reprieve for missing out on the last few weeks. We BOTH experienced some serious health issues and then coupled with the holiday, we got SERIOUSLY thrown off from online activities! (We share the details of the health stuff […]

Read the full article →

The 52-Week Savings Challenge 2016 – How To Save Over $1400 With Little Work!

January 5, 2016

Back in 2014 (I can’t believe I can actually write “back”) we took part in and hosted a 52 week savings challenge. We, along with those who took part, were able to add over $1,400 to our savings account by following this simple plan. We skipped the plan last year, but have decided to bring […]

Read the full article →

250 to Lose – Weigh In #6

December 14, 2015

We’re into December and we wanted to start off strong! Khaleef wants to lose around 4 lbs a week and I’m shooting for 2 lbs. Let’s see how it went… Food: How’d We Do? Khaleef: My eating was very good for the week. There were really nothing major that happened good or bad. We purchased […]

Read the full article →

250 to Lose – Weigh In #5

December 7, 2015

Wow! One month down! I can’t believe November went by so fast. Even though this post is coming out on Monday, it’s based on our progress as of last week (we were just too busy to publish it) I can tell you already that it didn’t go as well as we hoped, but we are […]

Read the full article →