you might consider closer to 2 years expenses. First you learn, then you unlearn, then you relearn. sulong
good advice, the very first thing we're doing is putting away 6 months of household expenses in cash for a rainy day. I'll get a reading list together and start going at it
My 2 cents. I would not quit my day job right away. It is is a lot of pressure. There are plenty of financial vehicles that trade on YOUR schedule. If you live in California you can trade for hours before you need to go to work 9-5. Currencies trade around the clock. There are some great strategies that work on swing trades. I had a very rough time learning trading and it took nearly 4 years for the light to go on! I will admit I chose the wrong time to enter. Everyone tells me I started at the worst possible time. I had to rethink my strategy many times over. The rules keep changing. Once you quit work and trade full time, it will be very hard to go back to it if you blow out. I can't imagine being back plucking hair for a living....shudder.......
I have no dreams at the moment of quiting my job, someday sure not now I'm a little slow on the learning curve, it'll probably take me 8 years before any light goes on! thanks for the insight!