In an investing career spanning 15+ years ,the only thing clear has been, “how not to lose money”. Have come across several get rich quick schemes like Cryptocurrency , real estate scams, Ponzi schemes to name a few. With a steady supply of fools who want to get rich quick, there will always be scamsters ready with a bait!
The idea to get or stay wealthy is to turn your back to dooms day financial news and let your investment grow ! Irony is such that the people who made it big in investing world are the ones who invested their money and died. They are among the richest investors today.
Remember to choose a right investment vehicle,put it on self drive. Enjoy life while it grows & stop watching it like a hawk.
investing101.in Mantra
Over the years, I have lost several friends, for the simple reason that I tried to steer them away from scams. Advising them against it , only meant , I was jealous of their growth or did not understand the opportunity at hand :(. Scams are portrayed as a lifetime opportunity nobody wants to miss. Easy money is the dream we stand by. Most Mutual Funds fall under this category of false promises!
Always steer clear from scams & debt needs a lot of discipline. The articles listed below provide some insights on right investment practices I acquired through books and heated discussions with family/friends , over the last decade.
It’s easy to get rich in a country like India. All you need to do is board the right set of investment vehicles and forget about it for a decade or two. Live as if you never had the money that went into those investments. One fine day, a big grin of delight will dawn on your face seeing the treasure chest that got accumulated.
Most Investment Guru’s call this treasure chest “The Freedom Fund”. A fund that will grant you freedom from all the Rat Race in life. Rat Race is not the 9-5 job that you are doing. In real sense, Rat Race is the culture of living paycheck-to-paycheck. Losing a job can be devastating in a rat race. America ,The most developed country in the world today has 50 million people who don’t have food on the table as they lost their job to Covid19. Another 5 million people will be evicted from their homes in Jan 31st 2021 ( unless they get that free money that is being promised as stimulus checks ).
Learning from others success is smart, learning from others failures is genius !
Retiring early to perceive your dreams is not a fairy tale in a country like India. The possibilities to grow one’s cash pool is immense. India is probably the only country to allow an unprecedented growth rate of 8%+ and safely with minimal risks.
I have tried to collate all the ideas that have worked for me even during the financial crisis. These are my thoughts and ideas , collected over the decade and hope you will find it useful. Feel free to share it with your Family and Friends!
Reading them in the following order would be most beneficial:
- Wake-up and Invest – Understand why building a retirement corpus is so important. Wake up !
- Warren Buffet Mantra – Everyone quotes Warren Buffet , very few understand him
- Debt Trap – Social Media – Lot of people willingly or unwillingly get into debt. Some of the lessons that can be learnt by observation ?
- The Middle Class mindset – How the middle-class mindset can hinder financial growth
- Debt Trap – Peer Pressure – Avoid peer pressure
- Your Net Worth ? – What does Net Worth signify
- Net Worth 101 – Quick lessons on Net Worth and how to calculate it
- Increasing Net Worth
- The Home loan Bubble
- Avoid Debt
- Compound Interest – 8th wonder of the world !
- Save on Income Tax ,
- Tax Saving Schemes – An intro to various Tax saving schemes available in India !
- Freedom Fund – Vehicles to build Retirement Fund
- Mutual Fund basics – Everything to know about Mutual Fund
- Expense Ratio and Fees – Understand why fees are bad for your returns !!
- ABC of Index Fund – Understand what’s an Index Fund and more
- Why Index Fund?? – Explained through Case-1 , Case-2, Case-3 . Each of the case explains a known myth about why people stay away from Index Funds
- HowTo start investing in Index Fund ?
- Freedom Fund – Why plan for retirement early?
- Building Long-term Wealth #Level-1 , made easy – Build your freedom Fund
- Build long-term Wealth #Level-2 , What next after the 20K rule ?
- Build long-term Wealth #Level-3 , How about investing in S&P 500 ? Best 500 companies in USA.
- My Portfolio and how I went about building my Freedom Fund – Coming Soon!
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