Charcoal, graphic designer, eco care products
6 LESSONS FROM THE RICHEST MAN IN BABYLON
1)PAY YOURSELF FIRST
TRY TO SAVE ATLEAST 10% OF YOUR INCOME. THIS IS NECESSARY FOR A BETTER FUTURE.
2)INSURE A FUTURE INCOME
3)LIVE BELOW YOUR MEANS
4)PROTECT YOUR MONEY
THIS MEANS DON’T LET YOUR HAND EARNED MONEY GETTING LOST.
5)MAKE MONEY WORK FOR YOU
6)INCREASE YOUR ABILITY TO EARN
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THIS IS THE PROBLEM WITH MOST OF THE INVESTORS
FITNESS
YES, I SAW A YOUTUBE VIDEO OF A FAMOUS INVESTOR, WHO IS SUFFERING FROM HEALTH ISSUES BECAUSE OF OVERWORK.
I DON’T WANT TO WRITE THE NAME OF HIM/HER.
BUT, WANT TO TELL ALL MY FRIENDS,
“PAISA HI SAB KUCH NHI HOTA”
“MONEY IS NOT EVERYTHING”
DON’T DO WORK 24/7. DAILY EXERCISE AND HEALTHY FOOD IS ALSO IMPORTANT.
CHECK THE ANALOGY:
IF YOU ARE DOING WORK 12 HOURS A DAY (NORMAL FOR AN INVESTOR) AND NOT DOING EXERCISE BECAUSE OF THIS, YOU BECOME ILL 2 DAYS IN A MONTH(NORMAL)
THIS MEANS 24 HOURS IN A MONTH GOT WASTED.
2ND APPROACH:
4 WEEKS IN A MONTH,
6 DAYS EXERCISE IN A WEEK,
1 HOUR EXERCISE PER DAY
24 HOURS EXERCISE IN A MONTH
DECISION IS YOUR:
24 HOURS EXERCISE IN A MONTH
OR 24 HOURS WASTE BECAUSE OF ILLNESS
(BECAUSE DAILY EXERCISE CAN PREVENT MANY DISEASES).
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BREAKING THE MYTH
YOU DON’T REQUIRE $1 BILLION FOR FINANCIAL FREEDOM
HOW MUCH MONEY WILL YOU NEED TO BE FINANCIALLY FREE?
$1BILLION?
BUT IF I SAY, YOU ONLY REQUIRE $10-50 MILLION TO FULFILL EVERY DREAM OF YOUR LIFE?
THE THING IS WHEN WE GET TO BIG NUMBERS, OUR MIND STOPS WORKING WHAT THEY MEAN
LET ME PROVE IT TO YOU
1) 1) HOW LONG AGO WAS 1 MILLION SECONDS AGO?
THE ANSWER IS 12 DAYS AGO
2) 2) HOW LONG AGO WAS 1 BILLION SECONDS AGO?
THE ANSWER IS 32 YEARS AGO
12 DAYS VS 32 YEARS
ARE YOU ABLE TO SEE THE DIFFERENCE?
THIS IS THE DIFFERENCE BETWEEN A MILLION AND BILLION.
THE POINT OF THIS EXERCISE IS TO REALIZE THAT WE BLUR LARGE NUMBERS AND IF YOU GET DOWN TO FACTS, AN EXTRAORDINARY LIFESTYLE PROBABALY COSTS LESS THAN YOU THINK IT DOES.
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4 INVESTMENT LESSONS FROM IPL
START EARLY
T20 DOESN’T REWARD LATE STARTERS TEAM NEEDS TO START SCORING EARLY IN THE INNINGS
SIMILARLY, THE EARLY YOU START INVESTING, MORE THE COMPOUNDING WORK FOR YOU
BE READY FOR UNEXPECTED
DLS METHOD CAN SOMETIMES AFFECT THE CHANGES OF WINNING OF THE TEAM
SIMILARLY, YOU MUST ALSO ALWAYS UNEXPECTED SITUATIONS IN THE MARKET.
DIVERSIFICATION
A TEAM NEEDS RIGHT BALANCE OF BIG HITTERS, ANCHORS, AND EFFECTIVE BOWLERS
SIMILARLY, YOUR INVESTMENT PORTFOLIO MUST BE DIVERSIFIED ACROSS SECTORS AND DIFFERENT ASSETS
CONSISTENCY GET REWARDED
IN T20, THE TOP SCORING BATSMEN AND THE LARGEST WICKET TAKER ARE AWARDED THE PURPLE AND ORANGE CAPS.
SIMILARLY, IN INVESTING LONG TERM INVESTORS ARE REWARDED BY COMPOUNDING.
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INVESTMENT ADVICES BY RAKESH JHUNJHUNWALA
MAKE INVESTMENTS WHEN STOCK IS NOT POPULAR
HAVE SOME CASH IN HAND SO THAT YOU CAN GRAB THE OPPORTUNITY WHEN IT OCCURS
INVEST IN COMPANIES WHICH HAVE STRONG MANAGEMENT AND COMPETITIVE ADVANTAGE
SUCCESSFUL INVESTORS ARE OPPORTUNISTIC AND OPTIMISTIC ONES
INVEST IN A BUSINESS NOT A COMPANY.
GIVE YOUR INVESTMENTS TIME TO MATURE BE PATIENT FOR THE WORLD TO DISCOVER YOUR GEMS.
MARKETS ARE ALWAYS COMMANDING, MYSTERIOUS, UNPREDICTABLE AND VOLATILE
BE UNIQUE
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MONEY IS NOT THE SOLUTION
THIS IS A STORY OF KBC 5 WINNER SUSHIL KUMAR WHO WON 5 CRORES.
HOWEVER, AFTER FAILING TO INVEST HIS PRIZE MONEY WISELY, KUMAR IS NOW STRUGGLING IN HIS LIFE.
HE STARTED INVESTING IN VARIOUS BUSINESSES HE DIDN’T UNDERSTAND.
MOST OF THESE VENTURES FLOPPED AND HE LOST A LOT OF MONEY.
HE WOULD DONATE CLOSE TO RS 50,000 EVERY MONTH.
HOWEVER, MANY MISUSED HIS PHILANTHROPY AND CHEATED HIM OFF A LOT OF MONEY.
HIS NEW SELFISH FRIENDS MADE HIM GET ADDICTED TO SMOKING AND ALCOHOL.
HE HAS LOST ALL HIS WINNING AMOUNT AND BOUGHT TWO COWS, SELLING THE COW’S MILK IS NOW HIS WAY OF LIVING AND EARNING.
IT’S NOT HOW MUCH MONEY YOU MAKE, BUT HOW MUCH MONEY YOU KEEP, HOW HARD OT WORKS FOR YOU!!
WE REACHED 100TH POST..😍😍 LET’S REACH 500TH POST SOON WITH ALL YOUR SUPPORT..💗
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LET’S PLAY A FINANCIAL GAME
SUPPOSE YOU ARE INVESTING RS 1000 EVERY YEAR INTO AN INDEX FUND FOR 5 YEARS
WHICH CONDITION WILL GIVE YOUR BETTER RETURNS
CONDITION 1
1) 1) THE INDEX STAYS AT RS 100 PER SHARE FOR THE FIRST YEAR.
2) 2) IT GOES DOWN TO RS 60 THE NEXT YEAR.
3) 3) IT SAYS AT RS 60 THE THIRD YEAR.
4) 4) THEN IN THE 4TH YEAR, IT SHOOTS UP TO RS 140
5) 5) IN THE FIFTH YEAR, IT ENDS UP AT RS 100, THE SAME PLACE WHERE YOU STARTED.
CONDITION 2
1) 1) THE INDEX IS AT RS 100 THE FIRST YEAR
2) 2) RS 110 THE NEXT YEAR
3) 3) RS 120 THE THIRD
4) 4) RS 130 THE FOURTH
5) 5) RS 140 THE FIFTH YEAR
SO, WHICH OPTION YOU WILL CHOOSE FOR MORE RETURNS? |
I KNOW
MOST OF YOU WILL CHOOSE 2NDCONDITION FOR GOOD RETURNS.
COMPLETELY WRONG
TOTAL INVESTED MONEY IN 5 YEARS = RS 5000
IF YOU CHOOSE CONDITION 2
YOUR RS 5000 TURNS INTO RS 5915
IF YOU CHOOSE CONDITION 1
YOUR RS 5000 TURNS INTO RS 6048
CONDITION 1 WILL GIVE YOU MORE RETURNS THEN CONDITION 2
IN CONDITION 1 :
EVEN AFTER 5 YEARS INDEX VALUE IS RS 100, NO GAINS. BUT THROUGH SIP YOU TAKE THE ADVANTAGE OF HIGH VOLATILITY.
IN CONDITION 2 :
WE CAN CLEARLY SEE, THAT 5 YEARS IS A PERIOD OF BULL MARKET SO, LUMPSUM WILL BE BETTER OPTION THEN SIP.
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LEARN TO LISTEN
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FOCUS ON EARNING
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The world bank hosts one of the most reliable web-based databases. It has one of the best and most comprehensive lists of countries for which it tracks GDP data. The International Money Fund (IMF) also provides GDP data through its multiple databases, such as World Economic Outlook and International Financial Statistics.
Highly reliable source of GDP data is the Organization for Economic Cooperation and Development (OECD). The OECD provides not only historical data but also forecasts for GDP growth.
The disadvantage of using the OECD database is that it tracks only OECD member countries and a few nonmember countries.
Importance of GDP
GDP is used as an indicator for most governments and economic decision-makers for planning and policy formulation
In case of GDP, each component is given the weight of its relative price. In market economics it clicks as prices reflect both marginal cost of the producer and marginal utility for the consumer, i.e. people sell at a price that others are willing to pay
GDP helps the investors to manage their portfolios by providing them with guidance about the state of the economy
Calculation of GDP provides with the general health of the economy. A negative GDP growth portrays bad signals for the economy. Economists analyse GDP to find out whether the economy is in recession, depression or boom
Following is a simple way to calculate the GDP. GDP = consumption + investment + government spending) + (exports-imports) and the formula is GDP = C + I + G + (X-M)
AGE 20: NOT INVESTING EARLIER
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