SMALLTOWN BOY AND INVESTING

Share:
Indexes
  1. SMALLTOWN BOY AND INVESTING
  2. AT LAST, I WANTED SAY START INVESTING AND EDUCATE YOURSELF ABOUT MONEY.

SMALLTOWN BOY AND INVESTING

In this era of unemployment and inflation, to live a standard life is difficult . So, one fine day I am thinking about my future and plans — How will I be successful in life ? How to become wealthy ? questions were arising in my mind .

Being from a small town the world seems to be huge and obscure till the internet was not introduced in my life . For me the word internet means a network that connects everyone around the globe . Once I am mature, the value of time , money , relationships , and education increases in my life. In anyone’s life there will be certain incidents that will make your life upside down. These incidents may be your fall or new beginning.

So I was completing my higher studies and I was earning some money from my active income. The money I earned was kept in my savings account. This cycle continues for almost a year, earning and saving. I did not have any financial knowledge .What inflation ,tax ,investing ,interest etc.

My way was to save money as much as possible because I thought that saving money would make me wealthy. {THIS MINDSET IS TOTALLY WRONG}.

INVESTING

I came to know about investing through the internet .

I was shocked at how people are investing their money and becoming wealthy .

I started learning about investing: how, where and when to invest?

After watching many videos and reading articles .

I came to know that active income does not make you wealthy, passive income will help to achieve it.

Warren Buffet once said “ If you don’t find a way to earn money while you sleep you have to work until you die” and it hit my mind .

After that I was curious and started finding ways to generate passive incomes .

So stock market, SIP, mutual funds, FD, real estate, digital gold, cryptocurrency .

I became more curious about them and wanted to learn and invest in them .

DEMAT ACCOUNT

So after having basic knowledge about investing .

I was motivated about investing but there was a huge barrier standing in front of me .

That was my age and Demat account. Once I became eligible to invest and opened a demat account and created my portfolio. After opening an account I started looking for stocks to invest in .

STOCK MARKET A NEW WORLD

Stock market was a new world for me. I had some basic knowledge about it . I knew that investing in the right stocks can give you good returns.

Stock market is risky and volatile and based on demand and supply chain .

I came across many aspects of stock market like sensex, nifty,

trading , fundamental- technical analysis short-long term investing and when to buy, hold and sell stocks .

Stock market is a place where you can generate massive profits or where you can become bankrupt. There are people like Warren Buffet ,George Sorons , Rakesh Jhunjhunwala and many more. Made billions of networth by investing in the stock market.

CONCLUSION

The purpose why I am sharing my story is to spread awareness. To motivate others that investing is a key where rich people make their wealth . While investing knowledge and analysis is most significant.

Remember your active income will not make you wealthy. A passive income is a must. Investing is a magical way that one must have an idea about it . If you don’t have any knowledge about investing, learn about it . How to invest? Where to invest ?and for which period of time? .

Many platforms are available where you can invest .

Such as the stock market ,real estate, digital gold cryptocurrency etc.

Remember investing in any platforms are risky ,do research or consult with experts before investing.

AT LAST, I WANTED SAY START INVESTING AND EDUCATE YOURSELF ABOUT MONEY.