The Simple Path to Wealth and Financial Freedom (अमीर बनने का आसान तरीका)
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This is a beginners guide to invest in shares (stock market) in India.
Best Way To Invest in 20s:
How to Think in Your 20s:
The Intelligent Investor Summary:
How to Calculate Intrinsic Value of a Stock:
Magic of Dividends for Financial Freedom:
Regular Income from Stocks – Dividend Investing for Beginners:
How to Invest in Index, ETF and Stocks – TUTORIAL
POWER OF COMPOUNDING in Investing:
Analysis of Top Wealth Creator Stock in India:
The Simple Path to Wealth is written by JL Collins for his daughter. His goal for his book was to have something to give to her when she was ready to take on the world, to help her to build up her “F-You money“ in other words, achieve financial freedom and get rich and create enough wealth, without having to make all the same mistakes that the author JL Collins himself made.
JL lays out a concise, witty, and enjoyable personal finance book. But the book is more than a personal finance read, it is a way of life.
The Simple Path to Wealth includes much of the great writing that you can find in his “Stock Series” on JL’s website. While I had read through the Stock Series and much of JL’s other content, there is something about sitting down with the book and a highlighter that I would recommend for anyone who is serious about getting their finances in order.
Since money is the single most powerful tool we have for navigating this complex world we’ve created, understanding it is critical. If you choose to master it, money becomes a wonderful servant. If you don’t, it will surely master you.
The pursuit of financial independence has never been about early retirement. I like working and I’ve enjoyed my career. It’s been about having options. It’s been about being able to say “no.” It’s been about having F-You Money and the freedom it provides.
If you intend to achieve financial freedom, you are going to have to think differently. It starts by recognizing that debt should not be considered normal. It should be recognized as the vicious, pernicious destroyer of wealth-building potential it truly is. It has no place in your financial life.
Debt is a crisis that needs immediate attention. If you are currently in debt, paying it off is your top priority. Nothing else is more important.
The more and greater things you allow in your life, the more of your time, money, and life energy they demand.
Houses are an expensive indulgence, not an investment.
There are many things money can buy, but the most valuable of all is freedom. Freedom to do what you want and do work for whom you respect.
Being independently wealthy is every bit as much about limiting needs as it is about how much money you have. It has less to do with how much you earn—high-income earners often go broke while low-income earners get there—than what you value.
Here’s the simple formula: Spend less than you earn—invest the surplus—avoid debt.
Stop thinking about what your money can buy. Start thinking about what your money can earn. And then think about what the money it earns can earn.
Opportunity cost is simply what you give up when you commit your money to one thing (like a car) over another (like an investment), and it’s easy to quantify.
Stock market timing is an un-winnable game over time.
To start you need to understand a few things about the stock market:
Market crashes are to be expected.
The market always recovers.
The market always goes up. Always.
The market is the single best performing investment class over time, bar none.
Stocks are not just little slips of traded paper. When you own stock you own a piece of a business. These are companies filled with people working endlessly to expand and serve their customer base. They are competing in an unforgiving environment that rewards those who can make it happen and discards those who can’t. It is this intense dynamic that makes stocks and the companies they represent the most powerful and successful investment class in history.