Hello friends, myself Laxman, to we see How to become rich and wealthy in Stock Market.
In Stock Market, there is only one simple way that makes you rich i.e.Compounding effect. Over the long term, you can become rich and wealthy.
How to Get Rich from nothing in Stock Market:-
There are also different ways but it’s become very risky like Trading( intraday trading) speculating in the Stock market. But we have to make it without taking risks in the money management game. For that process we have to follow simple four steps :
- Income
- Save money
- Investment
- Simple living
let’s see in detail
Income:
We have to become rich and wealthy in the Stock market. first, we want is the income source. That income source can be Passive Income or Active Income. In Active Income, we can do the jobs, self-employed work, etc. In Passive Income, we can make a website or youtube channel or any other things you do not work for that work.
Read more about the stock market: Click here
Save Money:
Money is earned by income or any jobs that money we have to save for our Investment purpose. I am personally Save money by avoiding spending money, I am Focused on the Need, not on the want. you can also save money by focusing on the need and cutting down the wants for your life. You can save tonnes of money by simply doing these tips.
Investment:
We have both Income and Saved money. so we have to start making money from money by simple investing. I am personally investing money in the stock market. those who have knowledge of the stock market can invest in that. Those who don’t know about the Stock market they can invest in Good Mutual Funds or the best strategy for the average investor is INDEX FUND these tips are also what Warren Buffett told.
To visit the book summary website: Click here
Simple Living:
We can be rich or poor only depending on the living of our life. We have to become rich and wealthy, we have to remember that when our money makes continuous money. we can be rich in a few
years. For this purpose we have to avoid the Ego boosting stuff, don’t compare it with others. This may be helpful to save money more and more and also help to invest more. These are four simple ways you can become rich and wealthy in a few years.
hey buy the following book to learn about money, to become rich
So this is about how to get rich from nothing in the stock market. hey guys, this looks simple, but actually, very few let’s say only 1% of people do this thing. so don’t take these steps easily, follow these steps seriously.
Charlie Munger Says in his quote, ” Take a simple idea, take it Seriously.”
Read More article regarding books Summaries of Stock Market:- Chapter-wise
- The Intelligent Investor Book Summaries chapter wise
- One Up On Wall Street book summaries
- Common Stocks and Uncommon Profits book summaries
- Security Analysis book summaries
- Stocks to Riches books summary
- the Dhandho Investor book summaries
- Money Game
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