POWER OF INVESTING

YB WEB DESK. Dated: 9/23/2021 6:20:51 AM

How to be rich?’, ‘Do you want to earn money while sitting at the comfort of your home?’, ‘10 habits which make your rich’ are lines we often read on the internet. Despite knowing that these click baits, we can’t resist clicking on such articles or videos. What is it that creates this irresistible temptation which makes us click on such posts? Almost everyone incurs the thought of getting rich or making it big in life, at least once in their lifetime. But society is quick to remind us of the evil known as money. Is money the actual evil or, is it the man’s intentions to earn money by unethical means which makes it evil. Money is a means of survival and it defines the life one lives. Money is not evil, rather it is the unethical means to earn it which make it look evil. That been said how can one earn some passive income by the side while focusing better on his/her main full-time job. Keeping aside the thought of becoming rich for a while, it is possible to earn passive income by the side which will surely help you improve your financial situation for the better at least. A gateway to creating wealth passively is the stock market, real estate, commodities or assets in any kind. An ‘asset’ is simply anything which provides you benefits with passage of time. It’s the habit of acquiring assets rather than liabilities which make the rich even richer with time, says ‘Robert T Kiyosaki’ in his famous bestseller ‘Rich Dad Poor Dad’ For a regular working individual, acquiring a valuable asset or investing in real estate may demand a lot more capital than the person can afford. But buying securities such as stocks, funds or bonds may be relatively affordable and cost-efficient. Investing in equities (commonly referred to as ‘shares’) is not a simple task. It requires a tremendous amount of knowledge, expertise, skill and experience. investing in stocks without the knowledge of the basic fundamental and technical analysis is purely gambling, this is one the main reasons why most people lose money in the stock market. Investing in mutual funds, bonds etc seems relatively simpler and less risky option. Hence it is one of the most preferred forms of investments by the layman who sees this as an opportunity for financial success. The only thing which is predicted wrong in this case is the time, such investments work well in the long run, providing good returns contrary to the belief that it provides plenty returns in the short run. In the United States, around 40% of the population is actively invested in the stock market whereas, in India, only 11% of the population is invested in the stock market. Stock Brokers registered a record number of new accounts opening during the lockdown as an idle population sought new ways to earn by the side. The time never seems right for anything, unless you initiate the work.

 

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