Updated: May 15, 2020
Do you have a passion to become a millionaire before you turn 35? Some dreams that you wish to come true? Some desires like traveling the world or becoming financially free? Or a business idea that you wish to excel in but do not have enough investments? Or maybe you just wish to enjoy the luxury of earning just using your mobile or laptop!?
Well...stock markets could be your answer!
The below image shows how you can lie down on a beach, fire up your laptop for 15-20 minutes, and make some money to sponsor your entire trip. It may sound a bit lame opening your laptop during a party or on a beach but this pic was taken when we just reached Goa and I took out my laptop for sometime before we joined the party behind ;)
You DO NOT need to have some expert financial degree or a lot of money to begin your investment. You also DO NOT need to put all of your savings at high risk in order to earn the rewards. Most successful traders and investors like Warren Buffett, George Soros, Rakesh Jhunjhunwala have just stuck to a few key rules and have built a huge corpus over-time.
Stock markets are for the dreamers, the travelers, the business owners, the salaried people, and all others in between. It is for people with passion who want to achieve financial freedom so that they can devote their time to the things they love to do. You just need to follow certain basic rules and stick to them for a long time.
Well, the thing that I love is researching the markets and educating others as well so that they too can achieve financial freedom. Our country, India is already having an unorganized sector and due to very little awareness, many of us are already unable to gain up to our full potential and I believe that sharing this stuff with you all can bring a revolution in this industry.
Before we proceed further, the key thing to notice here is that why should we invest? You may argue that saving money in guaranteed return instruments would be enough to fulfill your goals.
If you look at a common scenario, even if you save 50% of your salary (which is also highly unlikely) and you count the inflation rate, even at the end of 10 years of long savings, your money would actually have reduced purchasing power. So a smarter way would've been to spend all of it if you just wish to gain the maximum out of your money.
Let's look at the following scenario:
You get an average of 10% hike per year.
The cost of living or inflation grows by 8% per year.
You start working at the age of 23 and plan to do some business or retire after 20 years.
You are able to save Rs. 5,000 per month.
Going by these, you would save Rs. 60,000 in the first year. Considering inflation and your salary hike, you save Rs. 67,800 in the second year, Rs. 75,774 in the third year, and so on. By the time you reach the age of 43, you work for 20 years and you will save Rs. 44,72,673.25 i.e. around Rs. 45 lacs which would not be good enough to buy even a 1 RK apartment in a good city let alone saving for your child's education or marriage and you will obtain loans from banks which will force you to continue your job up to 60 years to pay your loan EMIs.
Now let us assume that these investments grow at the rate of 12% per annum. So the first year's Rs. 60,000 saved would become Rs. 5,16,765.75 after 20 years, your second year's Rs. 67,800 would have become Rs. 5,21,379.75 after 19 years and so on at the end of 20 years you would have a sum of Rs. 1,06,73,942.75 i.e. you will be a crorepati or a millionaire with saving merely Rs. 5,000 per month. There cannot be any easier way to become a millionaire or crorepati and you won't have to work anymore as well. You could use this money to start your business or fulfill your dreams and desires like traveling the world after you retire at the age of just 43.
Above was one easy way to become rich after a certain point in time. There is however another way to become financially free and enjoy your dreams like traveling the world or opening a restaurant in the Shimla and enjoying a peaceful life or become a cricket fan and watch all the matches of the Indian cricket team in stadiums while traveling all over the world. That way is Intraday trading and to begin with, you need a Demat and Trading account.
Once your account opening is done, you may visit our other blogs and videos on this website or our Instagram or Facebook page to learn more. You can watch educational videos on our YouTube Channel to educate yourselves on various strategies and techniques and can always reach out to us on any of the platforms for any help to get you started. At any point, while our content is still under development, if you feel short of things, you can drop us a message on any of our mediums posted above and we will get right back to you.
Remember to share this with your friends, colleagues, and relatives so that they too can achieve financial freedom and you all can work together for additional earnings.